The electronic components market for HVDC systems was valued at USD 4,099.18 million in the previous year. It is expected to reach USD 6,846.43 million over the forecast period, registering a CAGR of 9.27%. High Voltage Direct Current systems, abbreviated as HVDC systems, transfer direct current for electricity transmission over long distances. They are often referred to as Superhighway or Power Superhighway. HVDC lines improve the efficiency of transmission lines and enable rapid energy transmission.
The electronic components market for HVDC systems comprises long-standing established players who have made significant investments in the product. The new players entering the market require high investments. Companies can sustain themselves through powerful competitive strategies. Product innovations can also favor new players as they can target emerging and less explored application areas to expand their market presence further. Some of the major players in the market are Infineon Technologies AG, Renesas Electronics Corporation, Toshiba Corporation, etc.
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