Global HVDC Transmission System Market Growth (Status and Outlook) 2023-2029

Global HVDC Transmission System Market Growth (Status and Outlook) 2023-2029

HVDC Transmission System uses direct current for the bulk transmission of electrical power, in contrast with the more common alternating current (AC) systems. For long-distance transmission, HVDC systems may be less expensive and suffer lower electrical losses. For underwater power cables, HVDC avoids the heavy currents required to charge and discharge the cable capacitance each cycle. For shorter distances, the higher cost of DC conversion equipment compared to an AC system may still be justified, due to other benefits of direct current links. HVDC allows power transmission between unsynchronized AC transmission systems. Since the power flow through an HVDC link can be controlled independently of the phase angle between source and load, it can stabilize a network against disturbances due to rapid changes in power. HVDC also allows transfer of power between grid systems running at different frequencies, such as 50 Hz and 60 Hz. This improves the stability and economy of each grid, by allowing exchange of power between incompatible networks.
LPI (LP Information)' newest research report, the “HVDC Transmission System Industry Forecast” looks at past sales and reviews total world HVDC Transmission System sales in 2022, providing a comprehensive analysis by region and market sector of projected HVDC Transmission System sales for 2023 through 2029. With HVDC Transmission System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world HVDC Transmission System industry.
This Insight Report provides a comprehensive analysis of the global HVDC Transmission System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on HVDC Transmission System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global HVDC Transmission System market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for HVDC Transmission System and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global HVDC Transmission System.
The global HVDC Transmission System market size is projected to grow from US$ 8727 million in 2022 to US$ 14060 million in 2029; it is expected to grow at a CAGR of 7.1% from 2023 to 2029.
Global HVDC transmission system key players include ABB, Siemens, XD Group, NR Electric, GE Grid Solution, etc. Global top 5 manufacturers hold a share about 57%. China is the largest market, with a share about 46%, followed by Europe, with a share about 17 percent.
This report presents a comprehensive overview, market shares, and growth opportunities of HVDC Transmission System market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Below 400 kV
Between 400-800 kV
Above 800 kV
Segmentation by application
Overhead Transmission
Underground Transmission
Subsea Transmission
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
Siemens
XD
NR Electric
GE Grid Solution
NKT
TBEA
XJ Group Corporation
Hitachi ABB Power Grids
Nexans
Toshiba
Mitsubishi Electric
Abengoa
Prysmian Group
China XD Group

Please note: The report will take approximately 2 business days to prepare and deliver.