A high-voltage direct current (HVDC) transmission system is used to transmit electrical energy between two points using direct current, in contrast to the more common alternating current (AC) systems. HVDC allows power to be transmitted over long distances with minimal loss; however, it is also more expensive than AC transmission.
HVDC systems are used in a variety of applications, including interconnecting alternating current (AC) power grids, connecting offshore wind farms to the mainland grid, and providing power to remote locations.
Key Trends
The key trends in HVDC Transmission System technology are:
Key Drivers
There are many key drivers of the HVDC Transmission System market. Some of the key drivers are:
Restraints & Challenges
The key restraints and challenges in the HVDC Transmission System market are its high initial investment cost and the need for a dedicated HVDC grid.
Despite the falling cost of HVDC technology, its adoption has been hindered by the need for a dedicated HVDC grid. HVDC grids are expensive to build and maintain, and they are not compatible with existing AC grids.
In addition to the high cost of HVDC technology, another challenge facing the adoption of HVDC Transmission System is the need for a dedicated HVDC grid.
Market Segments
The HVDC transmission system market is segmented by component, deployment, and region. By component, the market is classified into solutions, and services. Based on deployment, it is bifurcated into overhead, underground, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
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- Chapter 1. Market Introduction
- 1.1. Objectives of the Study
- 1.2. Market Definition and Research & Scope
- 1.3. Research Methodologies
- 1.4. Market Estimation Techniques
- Chapter 2. Executive Summary
- 2.1. Summary
- 2.2. Key Highlights of the Market
- Chapter 3. HVDC Transmission System Market Outlook
- 3.1. HVDC Transmission System Market Segmentation
- 3.2. Market Dynamics
- 3.2.1. Market Drivers
- 3.2.1.1. Driver 1
- 3.2.1.2. Driver 2
- 3.2.1.3. Driver 3
- 3.2.2. Market Restraints
- 3.2.2.1. Restraint 1
- 3.2.2.2. Restraint 2
- 3.2.3. Market Opportunities
- 3.2.3.1. Opportunity 1
- 3.2.3.2. Opportunity 2
- 3.3. Porter’s Five Forces Analysis
- 3.3.1. Threat of New Entrants
- 3.3.2. Threat of Substitutes
- 3.3.3. Bargaining Power of Buyers
- 3.3.4. Bargaining Power of Supplier
- 3.3.5. Competitive Rivalry
- 3.4. PESTLE Analysis
- 3.5. Value Chain Analysis
- 3.5.1. Raw Material Suppliers
- 3.5.2. Manufacturers
- 3.5.3. Wholesalers and/or Retailers
- 3.6. Impact of the Russia and Ukraine War on the Global HVDC Transmission System Market
- Chapter 4. Economic Impact of COVID-19
- 4.1. Overall Impact of COVID-19
- 4.2. Impact of COVID On the Global HVDC Transmission System Market
- 4.3. Economic Impact Analysis
- Chapter 5. HVDC Transmission System Market by Deployment
- 5.1. Market Overview
- 5.2. Overhead
- 5.2.1. Market Size and Forecast, 2021-2031 ($Million)
- 5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 5.3. Underground
- 5.3.1. Market Size and Forecast, 2021-2031 ($Million)
- 5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 5.4. Others
- 5.4.1. Market Size and Forecast, 2021-2031 ($Million)
- 5.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- Chapter 6. HVDC Transmission System Market by Component
- 6.1. Market Overview
- 6.2. Solutions
- 6.2.1. Market Size and Forecast, 2021-2031 ($Million)
- 6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 6.3. Services
- 6.3.1. Market Size and Forecast, 2021-2031 ($Million)
- 6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- Chapter 7. HVDC Transmission System Market, by Region
- 7.1. Overview
- 7.2. North America
- 7.2.1. Key Market Trends and Opportunities
- 7.2.2. North America HVDC Transmission System Market Size and Forecast by Deployment, 2021-2031, ($Million)
- 7.2.3. North America HVDC Transmission System Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.2.4. North America HVDC Transmission System Market Size and Forecast by Country, 2021-2031, ($Million)
- 7.2.5. The U.S.
- 7.2.5.1. The U.S. HVDC Transmission System Market Size and Forecast by Deployment, 2021-2031, ($Million)
- 7.2.5.2. The U.S. HVDC Transmission System Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.2.6. Canada
- 7.2.6.1. Canada HVDC Transmission System Market Size and Forecast by Deployment, 2021-2031, ($Million)
- 7.2.6.2. Canada HVDC Transmission System Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.2.7. Mexico
- 7.2.7.1. Mexico HVDC Transmission System Market Size and Forecast by Deployment, 2021-2031, ($Million)
- 7.2.7.2. Mexico HVDC Transmission System Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.3. Europe
- 7.3.1. Key Market Trends and Opportunities
- 7.3.2. Europe HVDC Transmission System Market Size and Forecast by Deployment, 2021-2031, ($Million)
- 7.3.3. Europe HVDC Transmission System Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.3.4. Europe HVDC Transmission System Market Size and Forecast by Country, 2021-2031, ($Million)
- 7.3.5. Germany
- 7.3.5.1. Germany HVDC Transmission System Market Size and Forecast by Deployment, 2021-2031, ($Million)
- 7.3.5.2. Germany HVDC Transmission System Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.3.6. France
- 7.3.6.1. France HVDC Transmission System Market Size and Forecast by Deployment, 2021-2031, ($Million)
- 7.3.6.2. France HVDC Transmission System Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.3.7. U.K.
- 7.3.7.1. U.K. HVDC Transmission System Market Size and Forecast by Deployment, 2021-2031, ($Million)
- 7.3.7.2. U.K. HVDC Transmission System Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.3.8. Spain
- 7.3.8.1. Spain HVDC Transmission System Market Size and Forecast by Deployment, 2021-2031, ($Million)
- 7.3.8.2. Spain HVDC Transmission System Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.3.9. Italy
- 7.3.9.1. Italy HVDC Transmission System Market Size and Forecast by Deployment, 2021-2031, ($Million)
- 7.3.9.2. Italy HVDC Transmission System Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.3.10. Rest of Europe
- 7.3.10.1. Rest of Europe HVDC Transmission System Market Size and Forecast by Deployment, 2021-2031, ($Million)
- 7.3.10.2. Rest of Europe HVDC Transmission System Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.4. Asia-Pacific
- 7.4.1. Key Market Trends and Opportunities
- 7.4.2. Asia-Pacific HVDC Transmission System Market Size and Forecast by Country, 2021-2031, ($Million)
- 7.4.3. Asia-Pacific HVDC Transmission System Market Size and Forecast by Deployment, 2021-2031, ($Million)
- 7.4.4. Asia-Pacific HVDC Transmission System Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.4.5. China
- 7.4.5.1. China HVDC Transmission System Market Size and Forecast by Deployment, 2021-2031, ($Million)
- 7.4.5.2. China HVDC Transmission System Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.4.6. India
- 7.4.6.1. India HVDC Transmission System Market Size and Forecast by Deployment, 2021-2031, ($Million)
- 7.4.6.2. India HVDC Transmission System Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.4.7. Japan
- 7.4.7.1. Japan HVDC Transmission System Market Size and Forecast by Deployment, 2021-2031, ($Million)
- 7.4.7.2. Japan HVDC Transmission System Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.4.8. South Korea
- 7.4.8.1. South Korea HVDC Transmission System Market Size and Forecast by Deployment, 2021-2031, ($Million)
- 7.4.8.2. South Korea HVDC Transmission System Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.4.9. Rest of APAC
- 7.4.9.1. Rest of APAC HVDC Transmission System Market Size and Forecast by Deployment, 2021-2031, ($Million)
- 7.4.9.2. Rest of APAC HVDC Transmission System Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.5. Rest of the World
- 7.5.1. Key Market Trends and Opportunities
- 7.5.2. Rest of the World HVDC Transmission System Market Size and Forecast by Deployment, 2021-2031, ($Million)
- 7.5.3. Rest of the World HVDC Transmission System Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.5.4. Rest of the World HVDC Transmission System Market Size and Forecast by Country, 2021-2031, ($Million)
- 7.5.5. Latin America
- 7.5.5.1. Latin America HVDC Transmission System Market Size and Forecast by Deployment, 2021-2031, ($Million)
- 7.5.5.2. Latin America HVDC Transmission System Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.5.6. Middle East
- 7.5.6.1. Middle East HVDC Transmission System Market Size and Forecast by Deployment, 2021-2031, ($Million)
- 7.5.6.2. Middle East HVDC Transmission System Market Size and Forecast by Component, 2021-2031, ($Million)
- 7.5.7. Africa
- 7.5.7.1. Africa HVDC Transmission System Market Size and Forecast by Deployment, 2021-2031, ($Million)
- 7.5.7.2. Africa HVDC Transmission System Market Size and Forecast by Component, 2021-2031, ($Million)
- Chapter 8. Competitive Landscape
- 8.1. Market Overview
- 8.2. Market Share Analysis/Key Player Positioning
- 8.3. Developmental Strategy Benchmarking
- 8.3.1. New Product Development
- 8.3.2. Product Launches
- 8.3.3. Business Expansions
- 8.3.4. Partnerships, Joint Ventures, and Collaborations
- 8.3.5. Mergers and Acquisitions
- Chapter 9. Company Profiles
- 9.1. ABB Ltd.
- 9.1.1. Company Snapshot
- 9.1.2. Financial Performance
- 9.1.3. Product Offerings
- 9.1.4. Key Strategic Initiatives
- 9.1.5. SWOT Analysis
- 9.2. Siemens AG
- 9.2.1. Company Snapshot
- 9.2.2. Financial Performance
- 9.2.3. Product Offerings
- 9.2.4. Key Strategic Initiatives
- 9.2.5. SWOT Analysis
- 9.3. Toshiba Corporation
- 9.3.1. Company Snapshot
- 9.3.2. Financial Performance
- 9.3.3. Product Offerings
- 9.3.4. Key Strategic Initiatives
- 9.3.5. SWOT Analysis
- 9.4. General Electric Co.
- 9.4.1. Company Snapshot
- 9.4.2. Financial Performance
- 9.4.3. Product Offerings
- 9.4.4. Key Strategic Initiatives
- 9.4.5. SWOT Analysis
- 9.5. Prysmian SpA
- 9.5.1. Company Snapshot
- 9.5.2. Financial Performance
- 9.5.3. Product Offerings
- 9.5.4. Key Strategic Initiatives
- 9.5.5. SWOT Analysis
- 9.6. Hitachi Ltd.
- 9.6.1. Company Snapshot
- 9.6.2. Financial Performance
- 9.6.3. Product Offerings
- 9.6.4. Key Strategic Initiatives
- 9.6.5. SWOT Analysis
- 9.7. TransGrid Solutions Inc.
- 9.7.1. Company Snapshot
- 9.7.2. Financial Performance
- 9.7.3. Product Offerings
- 9.7.4. Key Strategic Initiatives
- 9.7.5. SWOT Analysis
- 9.8. Abengoa S.A.
- 9.8.1. Company Snapshot
- 9.8.2. Financial Performance
- 9.8.3. Product Offerings
- 9.8.4. Key Strategic Initiatives
- 9.8.5. SWOT Analysis
- 9.9. Atco Electric Ltd
- 9.9.1. Company Snapshot
- 9.9.2. Financial Performance
- 9.9.3. Product Offerings
- 9.9.4. Key Strategic Initiatives
- 9.9.5. SWOT Analysis
- 9.10. NKT A/S
- 9.10.1. Company Snapshot
- 9.10.2. Financial Performance
- 9.10.3. Product Offerings
- 9.10.4. Key Strategic Initiatives
- 9.10.5. SWOT Analysis
- *The list of companies is subject to change during the final compilation of the report
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