High Voltage Direct Current (hvdc) Transmission Systems Market in Uk 2024-2028

High Voltage Direct Current (HVDC) Transmission Systems Market In UK 2024-2028


The high voltage direct current (HVDC) transmission systems market in UK is forecasted to grow by USD 393.4 mn during 2023-2028, accelerating at a CAGR of 8.09% during the forecast period. The report on the high voltage direct current (HVDC) transmission systems market in UK provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by optimal solution for long-distance transmission, increased renewable power generation, and growing demand for power.

Technavio's high voltage direct current (HVDC) transmission systems market in UK is segmented as below:
  • By Component
  • Converter stations
  • Transmission medium
  • By Type
  • Subsea transmission
  • Underground transmission
  • Overhead transmission
  • By Geographical Landscape
  • Europe
This study identifies the growing focus on energy efficiency as one of the prime reasons driving the high voltage direct current (HVDC) transmission systems market in UK growth during the next few years. Also, evolution of smart grids and rising strategic alliances by vendors operating in HVDC transmission system will lead to sizable demand in the market.

The report on the high voltage direct current (HVDC) transmission systems market in UK covers the following areas:
  • High voltage direct current (HVDC) transmission systems market in UK sizing
  • High voltage direct current (HVDC) transmission systems market in UK forecast
  • High voltage direct current (HVDC) transmission systems market in UK industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading high voltage direct current (HVDC) transmission systems market in UK vendors that include ABB Ltd., Aker Solutions ASA, ALSTOM SA, Aquind Ltd., Balfour Beatty PLC, EirGrid PLC, General Electric Co., Hitachi Ltd., Mitsubishi Electric Corp., National Grid PLC, Nexans SA, NR Electric Co. Ltd., Prysmian Spa, Rochling SE and Co. KG, Rongxin Power Ltd., Roxtec International AB, Siemens AG, Sumitomo Electric Industries Ltd., Tele Fonika Kable SA, and Toshiba Corp.. Also, the high voltage direct current (HVDC) transmission systems market in UK analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.


1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Component
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on UK - Market size and forecast 2023-2028 ($ million)
Data Table on UK - Market size and forecast 2023-2028 ($ million)
Chart on UK: Year-over-year growth 2023-2028 (%)
Data Table on UK: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 High Voltage Direct Current (HVDC) Transmission Systems Market in UK 2018 - 2022
Historic Market Size - Data Table on High Voltage Direct Current (HVDC) Transmission Systems Market in UK 2018 - 2022 ($ million)
4.2 Component segment analysis 2018 - 2022
Historic Market Size - Component Segment 2018 - 2022 ($ million)
4.3 Type segment analysis 2018 - 2022
Historic Market Size - Type Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Component
6.1 Market segments
Chart on Component - Market share 2023-2028 (%)
Data Table on Component - Market share 2023-2028 (%)
6.2 Comparison by Component
Chart on Comparison by Component
Data Table on Comparison by Component
6.3 Converter stations - Market size and forecast 2023-2028
Chart on Converter stations - Market size and forecast 2023-2028 ($ million)
Data Table on Converter stations - Market size and forecast 2023-2028 ($ million)
Chart on Converter stations - Year-over-year growth 2023-2028 (%)
Data Table on Converter stations - Year-over-year growth 2023-2028 (%)
6.4 Transmission medium - Market size and forecast 2023-2028
Chart on Transmission medium - Market size and forecast 2023-2028 ($ million)
Data Table on Transmission medium - Market size and forecast 2023-2028 ($ million)
Chart on Transmission medium - Year-over-year growth 2023-2028 (%)
Data Table on Transmission medium - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Component
Market opportunity by Component ($ million)
Data Table on Market opportunity by Component ($ million)
7 Market Segmentation by Type
7.1 Market segments
Chart on Type - Market share 2023-2028 (%)
Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
Chart on Comparison by Type
Data Table on Comparison by Type
7.3 Subsea transmission - Market size and forecast 2023-2028
Chart on Subsea transmission - Market size and forecast 2023-2028 ($ million)
Data Table on Subsea transmission - Market size and forecast 2023-2028 ($ million)
Chart on Subsea transmission - Year-over-year growth 2023-2028 (%)
Data Table on Subsea transmission - Year-over-year growth 2023-2028 (%)
7.4 Underground transmission - Market size and forecast 2023-2028
Chart on Underground transmission - Market size and forecast 2023-2028 ($ million)
Data Table on Underground transmission - Market size and forecast 2023-2028 ($ million)
Chart on Underground transmission - Year-over-year growth 2023-2028 (%)
Data Table on Underground transmission - Year-over-year growth 2023-2028 (%)
7.5 Overhead transmission - Market size and forecast 2023-2028
Chart on Overhead transmission - Market size and forecast 2023-2028 ($ million)
Data Table on Overhead transmission - Market size and forecast 2023-2028 ($ million)
Chart on Overhead transmission - Year-over-year growth 2023-2028 (%)
Data Table on Overhead transmission - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by Type
Market opportunity by Type ($ million)
Data Table on Market opportunity by Type ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
Overview on factors of disruption
10.4 Industry risks
Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
Companies covered
11.2 Market positioning of companies
Matrix on companies position and classification
11.3 ABB Ltd.
ABB Ltd. - Overview
ABB Ltd. - Business segments
ABB Ltd. - Key news
ABB Ltd. - Key offerings
ABB Ltd. - Segment focus
11.4 Aquind Ltd.
Aquind Ltd. - Overview
Aquind Ltd. - Product / Service
Aquind Ltd. - Key offerings
11.5 EirGrid Plc
EirGrid Plc - Overview
EirGrid Plc - Product / Service
EirGrid Plc - Key offerings
11.6 General Electric Co.
General Electric Co. - Overview
General Electric Co. - Business segments
General Electric Co. - Key news
General Electric Co. - Key offerings
General Electric Co. - Segment focus
11.7 Hitachi Ltd.
Hitachi Ltd. - Overview
Hitachi Ltd. - Business segments
Hitachi Ltd. - Key news
Hitachi Ltd. - Key offerings
Hitachi Ltd. - Segment focus
11.8 Mitsubishi Electric Corp.
Mitsubishi Electric Corp. - Overview
Mitsubishi Electric Corp. - Business segments
Mitsubishi Electric Corp. - Key news
Mitsubishi Electric Corp. - Key offerings
Mitsubishi Electric Corp. - Segment focus
11.9 National Grid plc
National Grid plc - Overview
National Grid plc - Business segments
National Grid plc - Key offerings
National Grid plc - Segment focus
11.10 NR Electric Co. Ltd.
NR Electric Co. Ltd. - Overview
NR Electric Co. Ltd. - Product / Service
NR Electric Co. Ltd. - Key offerings
11.11 Prysmian Spa
Prysmian Spa - Overview
Prysmian Spa - Business segments
Prysmian Spa - Key news
Prysmian Spa - Key offerings
Prysmian Spa - Segment focus
11.12 Rochling SE and Co. KG
Rochling SE and Co. KG - Overview
Rochling SE and Co. KG - Product / Service
Rochling SE and Co. KG - Key offerings
11.13 Rongxin Power Ltd.
Rongxin Power Ltd. - Overview
Rongxin Power Ltd. - Product / Service
Rongxin Power Ltd. - Key offerings
11.14 Roxtec International AB
Roxtec International AB - Overview
Roxtec International AB - Key offerings
11.15 Siemens AG
Siemens AG - Overview
Siemens AG - Business segments
Siemens AG - Key news
Siemens AG - Key offerings
Siemens AG - Segment focus
11.16 Sumitomo Electric Industries Ltd.
Sumitomo Electric Industries Ltd. - Overview
Sumitomo Electric Industries Ltd. - Business segments
Sumitomo Electric Industries Ltd. - Key news
Sumitomo Electric Industries Ltd. - Key offerings
Sumitomo Electric Industries Ltd. - Segment focus
11.17 Toshiba Corp.
Toshiba Corp. - Overview
Toshiba Corp. - Business segments
Toshiba Corp. - Key news
Toshiba Corp. - Key offerings
Toshiba Corp. - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
12.3 Currency conversion rates for US$
Currency conversion rates for US$
12.4 Research methodology
Research methodology
12.5 Data procurement
Information sources
12.6 Data validation
Data validation
12.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
12.8 Data synthesis
Data synthesis
12.9 360 degree market analysis
360 degree market analysis
12.10 List of abbreviations
List of abbreviations
Exhibits:
Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Country Market Characteristics
Exhibits4: Executive Summary - Chart on Market Segmentation by Component
Exhibits5: Executive Summary - Chart on Market Segmentation by Type
Exhibits6: Executive Summary - Chart on Company Market Positioning
Exhibits7: Parent Market
Exhibits8: Data Table on - Parent Market
Exhibits9: Market characteristics analysis
Exhibits10: Value Chain Analysis
Exhibits11: Offerings of companies included in the market definition
Exhibits12: Market segments
Exhibits13: Chart on UK - Market size and forecast 2023-2028 ($ million)
Exhibits14: Data Table on UK - Market size and forecast 2023-2028 ($ million)
Exhibits15: Chart on UK: Year-over-year growth 2023-2028 (%)
Exhibits16: Data Table on UK: Year-over-year growth 2023-2028 (%)
Exhibits17: Historic Market Size - Data Table on High Voltage Direct Current (HVDC) Transmission Systems Market in UK 2018 - 2022 ($ million)
Exhibits18: Historic Market Size - Component Segment 2018 - 2022 ($ million)
Exhibits19: Historic Market Size - Type Segment 2018 - 2022 ($ million)
Exhibits20: Five forces analysis - Comparison between 2023 and 2028
Exhibits21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits26: Chart on Market condition - Five forces 2023 and 2028
Exhibits27: Chart on Component - Market share 2023-2028 (%)
Exhibits28: Data Table on Component - Market share 2023-2028 (%)
Exhibits29: Chart on Comparison by Component
Exhibits30: Data Table on Comparison by Component
Exhibits31: Chart on Converter stations - Market size and forecast 2023-2028 ($ million)
Exhibits32: Data Table on Converter stations - Market size and forecast 2023-2028 ($ million)
Exhibits33: Chart on Converter stations - Year-over-year growth 2023-2028 (%)
Exhibits34: Data Table on Converter stations - Year-over-year growth 2023-2028 (%)
Exhibits35: Chart on Transmission medium - Market size and forecast 2023-2028 ($ million)
Exhibits36: Data Table on Transmission medium - Market size and forecast 2023-2028 ($ million)
Exhibits37: Chart on Transmission medium - Year-over-year growth 2023-2028 (%)
Exhibits38: Data Table on Transmission medium - Year-over-year growth 2023-2028 (%)
Exhibits39: Market opportunity by Component ($ million)
Exhibits40: Data Table on Market opportunity by Component ($ million)
Exhibits41: Chart on Type - Market share 2023-2028 (%)
Exhibits42: Data Table on Type - Market share 2023-2028 (%)
Exhibits43: Chart on Comparison by Type
Exhibits44: Data Table on Comparison by Type
Exhibits45: Chart on Subsea transmission - Market size and forecast 2023-2028 ($ million)
Exhibits46: Data Table on Subsea transmission - Market size and forecast 2023-2028 ($ million)
Exhibits47: Chart on Subsea transmission - Year-over-year growth 2023-2028 (%)
Exhibits48: Data Table on Subsea transmission - Year-over-year growth 2023-2028 (%)
Exhibits49: Chart on Underground transmission - Market size and forecast 2023-2028 ($ million)
Exhibits50: Data Table on Underground transmission - Market size and forecast 2023-2028 ($ million)
Exhibits51: Chart on Underground transmission - Year-over-year growth 2023-2028 (%)
Exhibits52: Data Table on Underground transmission - Year-over-year growth 2023-2028 (%)
Exhibits53: Chart on Overhead transmission - Market size and forecast 2023-2028 ($ million)
Exhibits54: Data Table on Overhead transmission - Market size and forecast 2023-2028 ($ million)
Exhibits55: Chart on Overhead transmission - Year-over-year growth 2023-2028 (%)
Exhibits56: Data Table on Overhead transmission - Year-over-year growth 2023-2028 (%)
Exhibits57: Market opportunity by Type ($ million)
Exhibits58: Data Table on Market opportunity by Type ($ million)
Exhibits59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits60: Impact of drivers and challenges in 2023 and 2028
Exhibits61: Overview on criticality of inputs and factors of differentiation
Exhibits62: Overview on factors of disruption
Exhibits63: Impact of key risks on business
Exhibits64: Companies covered
Exhibits65: Matrix on companies position and classification
Exhibits66: ABB Ltd. - Overview
Exhibits67: ABB Ltd. - Business segments
Exhibits68: ABB Ltd. - Key news
Exhibits69: ABB Ltd. - Key offerings
Exhibits70: ABB Ltd. - Segment focus
Exhibits71: Aquind Ltd. - Overview
Exhibits72: Aquind Ltd. - Product / Service
Exhibits73: Aquind Ltd. - Key offerings
Exhibits74: EirGrid Plc - Overview
Exhibits75: EirGrid Plc - Product / Service
Exhibits76: EirGrid Plc - Key offerings
Exhibits77: General Electric Co. - Overview
Exhibits78: General Electric Co. - Business segments
Exhibits79: General Electric Co. - Key news
Exhibits80: General Electric Co. - Key offerings
Exhibits81: General Electric Co. - Segment focus
Exhibits82: Hitachi Ltd. - Overview
Exhibits83: Hitachi Ltd. - Business segments
Exhibits84: Hitachi Ltd. - Key news
Exhibits85: Hitachi Ltd. - Key offerings
Exhibits86: Hitachi Ltd. - Segment focus
Exhibits87: Mitsubishi Electric Corp. - Overview
Exhibits88: Mitsubishi Electric Corp. - Business segments
Exhibits89: Mitsubishi Electric Corp. - Key news
Exhibits90: Mitsubishi Electric Corp. - Key offerings
Exhibits91: Mitsubishi Electric Corp. - Segment focus
Exhibits92: National Grid plc - Overview
Exhibits93: National Grid plc - Business segments
Exhibits94: National Grid plc - Key offerings
Exhibits95: National Grid plc - Segment focus
Exhibits96: NR Electric Co. Ltd. - Overview
Exhibits97: NR Electric Co. Ltd. - Product / Service
Exhibits98: NR Electric Co. Ltd. - Key offerings
Exhibits99: Prysmian Spa - Overview
Exhibits100: Prysmian Spa - Business segments
Exhibits101: Prysmian Spa - Key news
Exhibits102: Prysmian Spa - Key offerings
Exhibits103: Prysmian Spa - Segment focus
Exhibits104: Rochling SE and Co. KG - Overview
Exhibits105: Rochling SE and Co. KG - Product / Service
Exhibits106: Rochling SE and Co. KG - Key offerings
Exhibits107: Rongxin Power Ltd. - Overview
Exhibits108: Rongxin Power Ltd. - Product / Service
Exhibits109: Rongxin Power Ltd. - Key offerings
Exhibits110: Roxtec International AB - Overview
Exhibits111: Roxtec International AB - Key offerings
Exhibits112: Siemens AG - Overview
Exhibits113: Siemens AG - Business segments
Exhibits114: Siemens AG - Key news
Exhibits115: Siemens AG - Key offerings
Exhibits116: Siemens AG - Segment focus
Exhibits117: Sumitomo Electric Industries Ltd. - Overview
Exhibits118: Sumitomo Electric Industries Ltd. - Business segments
Exhibits119: Sumitomo Electric Industries Ltd. - Key news
Exhibits120: Sumitomo Electric Industries Ltd. - Key offerings
Exhibits121: Sumitomo Electric Industries Ltd. - Segment focus
Exhibits122: Toshiba Corp. - Overview
Exhibits123: Toshiba Corp. - Business segments
Exhibits124: Toshiba Corp. - Key news
Exhibits125: Toshiba Corp. - Key offerings
Exhibits126: Toshiba Corp. - Segment focus
Exhibits127: Inclusions checklist
Exhibits128: Exclusions checklist
Exhibits129: Currency conversion rates for US$
Exhibits130: Research methodology
Exhibits131: Information sources
Exhibits132: Data validation
Exhibits133: Validation techniques employed for market sizing
Exhibits134: Data synthesis
Exhibits135: 360 degree market analysis
Exhibits136: List of abbreviations

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