Global HVDC Converter Valves Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global HVDC Converter Valves market size was valued at US$ million in 2024 and is forecast to a readjusted size of USD million by 2031 with a CAGR of %during review period.

The converter valve is the core component of the HVDC transmission system. The converter valve is composed of single or multiple converter bridges, and its function is to convert between AC and DC.

The HVDC (High Voltage Direct Current) Converter Valves market is driven by several key factors that influence the demand for these essential components in high voltage direct current transmission systems:

Efficient Long-Distance Power Transmission: HVDC systems are used for efficient transmission of electricity over long distances, and converter valves play a crucial role in converting AC to DC and vice versa.

Renewable Energy Integration: As renewable energy sources like offshore wind farms are often located far from populated areas, HVDC systems with converter valves are used to transmit the generated energy to where it"s needed.

Interconnecting Power Grids: HVDC systems with converter valves connect and synchronize power grids with varying frequencies and phases, enabling efficient power exchange between regions and countries.

Cross-Border Energy Trading: HVDC transmission lines and converter valves facilitate cross-border energy trading, allowing countries to buy and sell electricity based on demand and availability.

Reduced Line Losses: HVDC systems are known for lower transmission losses compared to AC systems, and converter valves play a crucial role in this efficiency improvement.

High Power Transmission Capacity: HVDC converter valves enable the transmission of high power capacities, making them essential for bulk power movement across regions.

Grid Stability and Flexibility: HVDC systems, including converter valves, contribute to grid stability by providing voltage control and reactive power support.

Load Balancing: HVDC systems help balance loads between regions with varying energy demand, enhancing the overall efficiency of power distribution.

Lack of Suitable AC Transmission Lines: In some cases, HVDC systems with converter valves are chosen when AC transmission lines are impractical or not cost-effective.

Integration of Remote Generation: HVDC systems with converter valves are used to integrate remote power generation sources, such as hydroelectric power stations or offshore wind farms, into the main grid.

Energy Transition Initiatives: The shift towards cleaner and more sustainable energy sources drives the need for efficient long-distance transmission, which HVDC systems with converter valves provide.

Electrical Interconnection Projects: International or regional electrical interconnection projects rely on HVDC systems with converter valves to integrate power networks.

Electricity Market Dynamics: HVDC systems enable utilities to access and supply electricity across larger geographical areas, enhancing market dynamics and competition.

Grid Modernization: The need to modernize aging power grids with more advanced and efficient technologies, such as HVDC systems with converter valves, boosts market demand.

Technological Advancements: Ongoing advancements in HVDC technology, including converter valve design and materials, enhance their performance and efficiency.

Increasing Power Demand: The growing global demand for electricity necessitates efficient transmission solutions, driving the need for HVDC systems with converter valves.

Energy Security and Reliability: HVDC systems enhance energy security by providing alternative power transmission routes in case of failures in traditional AC grids.

This report is a detailed and comprehensive analysis for global HVDC Converter Valves market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global HVDC Converter Valves market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global HVDC Converter Valves market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global HVDC Converter Valves market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global HVDC Converter Valves market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for HVDC Converter Valves

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global HVDC Converter Valves market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Hitachi ABB, Siemens, GE, BHEL, Toshiba, Hyosung, Nari Technology, XJ Electric, China XD Group, TBEA, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

HVDC Converter Valves market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
IGBT Converter Valves
Thyristor Converter Valves

Market segment by Application
Conventional HVDC Transmission
Flexible HVDC Transmission

Major players covered
Hitachi ABB
Siemens
GE
BHEL
Toshiba
Hyosung
Nari Technology
XJ Electric
China XD Group
TBEA
Sifang
Rongxin Huiko Electric

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe HVDC Converter Valves product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of HVDC Converter Valves, with price, sales quantity, revenue, and global market share of HVDC Converter Valves from 2020 to 2025.

Chapter 3, the HVDC Converter Valves competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the HVDC Converter Valves breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and HVDC Converter Valves market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of HVDC Converter Valves.

Chapter 14 and 15, to describe HVDC Converter Valves sales channel, distributors, customers, research findings and conclusion.