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Global HVDC Converter Station Market Research Report 2024
Synopsis
An HVDC converter station (or simply converter station) is a specialised type of substation which forms the terminal equipment for a high-voltage direct current (HVDC) transmission line. It converts direct current to alternating current or the reverse.
The global HVDC Converter Station market was valued at US$ 8885.5 million in 2023 and is anticipated to reach US$ 13700 million by 2030, witnessing a CAGR of 6.3% during the forecast period 2024-2030.
Global HVDC Converter Station key players include ABB, Siemens, GE & Alstom Energy, BHEL, Orano etc. Global top five manufacturers hold a share over 80%.
Europe is the largest market, with a share over 40%, followed by North America and Japan, both have a share over 30% percent.
In terms of product, 1001MW-2000MW is the largest segment, with a share over 15%. And in terms of application, the largest application is Interconnecting Networks followed by Underground Power links.
This report aims to provide a comprehensive presentation of the global market for HVDC Converter Station, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding HVDC Converter Station.
Report Scope
The HVDC Converter Station market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global HVDC Converter Station market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the HVDC Converter Station manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
ABB
Siemens
GE & Alstom Energy
BHEL
Orano
Hitachi
Toshiba
Mitsubishi
Segment by Type
0-500MW
501MW-999MW
1000MW-2000MW
2000+ MW
Segment by Application
Underground Power links
Powering Island and Remote Loads
Connecting Wind Farms
Interconnecting Networks
Oil & Gas Platforms
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of HVDC Converter Station manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of HVDC Converter Station by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of HVDC Converter Station in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
An HVDC converter station (or simply converter station) is a specialised type of substation which forms the terminal equipment for a high-voltage direct current (HVDC) transmission line. It converts direct current to alternating current or the reverse.
The global HVDC Converter Station market was valued at US$ 8885.5 million in 2023 and is anticipated to reach US$ 13700 million by 2030, witnessing a CAGR of 6.3% during the forecast period 2024-2030.
Global HVDC Converter Station key players include ABB, Siemens, GE & Alstom Energy, BHEL, Orano etc. Global top five manufacturers hold a share over 80%.
Europe is the largest market, with a share over 40%, followed by North America and Japan, both have a share over 30% percent.
In terms of product, 1001MW-2000MW is the largest segment, with a share over 15%. And in terms of application, the largest application is Interconnecting Networks followed by Underground Power links.
This report aims to provide a comprehensive presentation of the global market for HVDC Converter Station, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding HVDC Converter Station.
Report Scope
The HVDC Converter Station market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global HVDC Converter Station market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the HVDC Converter Station manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
ABB
Siemens
GE & Alstom Energy
BHEL
Orano
Hitachi
Toshiba
Mitsubishi
Segment by Type
0-500MW
501MW-999MW
1000MW-2000MW
2000+ MW
Segment by Application
Underground Power links
Powering Island and Remote Loads
Connecting Wind Farms
Interconnecting Networks
Oil & Gas Platforms
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of HVDC Converter Station manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of HVDC Converter Station by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of HVDC Converter Station in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 HVDC Converter Station Market Overview
1.1 Product Definition
1.2 HVDC Converter Station Segment by Type
1.2.1 Global HVDC Converter Station Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 0-500MW
1.2.3 501MW-999MW
1.2.4 1000MW-2000MW
1.2.5 2000+ MW
1.3 HVDC Converter Station Segment by Application
1.3.1 Global HVDC Converter Station Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Underground Power links
1.3.3 Powering Island and Remote Loads
1.3.4 Connecting Wind Farms
1.3.5 Interconnecting Networks
1.3.6 Oil & Gas Platforms
1.4 Global Market Growth Prospects
1.4.1 Global HVDC Converter Station Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global HVDC Converter Station Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global HVDC Converter Station Production Estimates and Forecasts (2019-2030)
1.4.4 Global HVDC Converter Station Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global HVDC Converter Station Production Market Share by Manufacturers (2019-2024)
2.2 Global HVDC Converter Station Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of HVDC Converter Station, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global HVDC Converter Station Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global HVDC Converter Station Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of HVDC Converter Station, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of HVDC Converter Station, Product Offered and Application
2.8 Global Key Manufacturers of HVDC Converter Station, Date of Enter into This Industry
2.9 HVDC Converter Station Market Competitive Situation and Trends
2.9.1 HVDC Converter Station Market Concentration Rate
2.9.2 Global 5 and 10 Largest HVDC Converter Station Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 HVDC Converter Station Production by Region
3.1 Global HVDC Converter Station Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global HVDC Converter Station Production Value by Region (2019-2030)
3.2.1 Global HVDC Converter Station Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of HVDC Converter Station by Region (2025-2030)
3.3 Global HVDC Converter Station Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global HVDC Converter Station Production by Region (2019-2030)
3.4.1 Global HVDC Converter Station Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of HVDC Converter Station by Region (2025-2030)
3.5 Global HVDC Converter Station Market Price Analysis by Region (2019-2024)
3.6 Global HVDC Converter Station Production and Value, Year-over-Year Growth
3.6.1 North America HVDC Converter Station Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe HVDC Converter Station Production Value Estimates and Forecasts (2019-2030)
3.6.3 China HVDC Converter Station Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan HVDC Converter Station Production Value Estimates and Forecasts (2019-2030)
4 HVDC Converter Station Consumption by Region
4.1 Global HVDC Converter Station Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global HVDC Converter Station Consumption by Region (2019-2030)
4.2.1 Global HVDC Converter Station Consumption by Region (2019-2024)
4.2.2 Global HVDC Converter Station Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America HVDC Converter Station Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America HVDC Converter Station Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe HVDC Converter Station Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe HVDC Converter Station Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific HVDC Converter Station Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific HVDC Converter Station Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa HVDC Converter Station Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa HVDC Converter Station Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global HVDC Converter Station Production by Type (2019-2030)
5.1.1 Global HVDC Converter Station Production by Type (2019-2024)
5.1.2 Global HVDC Converter Station Production by Type (2025-2030)
5.1.3 Global HVDC Converter Station Production Market Share by Type (2019-2030)
5.2 Global HVDC Converter Station Production Value by Type (2019-2030)
5.2.1 Global HVDC Converter Station Production Value by Type (2019-2024)
5.2.2 Global HVDC Converter Station Production Value by Type (2025-2030)
5.2.3 Global HVDC Converter Station Production Value Market Share by Type (2019-2030)
5.3 Global HVDC Converter Station Price by Type (2019-2030)
6 Segment by Application
6.1 Global HVDC Converter Station Production by Application (2019-2030)
6.1.1 Global HVDC Converter Station Production by Application (2019-2024)
6.1.2 Global HVDC Converter Station Production by Application (2025-2030)
6.1.3 Global HVDC Converter Station Production Market Share by Application (2019-2030)
6.2 Global HVDC Converter Station Production Value by Application (2019-2030)
6.2.1 Global HVDC Converter Station Production Value by Application (2019-2024)
6.2.2 Global HVDC Converter Station Production Value by Application (2025-2030)
6.2.3 Global HVDC Converter Station Production Value Market Share by Application (2019-2030)
6.3 Global HVDC Converter Station Price by Application (2019-2030)
7 Key Companies Profiled
7.1 ABB
7.1.1 ABB HVDC Converter Station Corporation Information
7.1.2 ABB HVDC Converter Station Product Portfolio
7.1.3 ABB HVDC Converter Station Production, Value, Price and Gross Margin (2019-2024)
7.1.4 ABB Main Business and Markets Served
7.1.5 ABB Recent Developments/Updates
7.2 Siemens
7.2.1 Siemens HVDC Converter Station Corporation Information
7.2.2 Siemens HVDC Converter Station Product Portfolio
7.2.3 Siemens HVDC Converter Station Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Siemens Main Business and Markets Served
7.2.5 Siemens Recent Developments/Updates
7.3 GE & Alstom Energy
7.3.1 GE & Alstom Energy HVDC Converter Station Corporation Information
7.3.2 GE & Alstom Energy HVDC Converter Station Product Portfolio
7.3.3 GE & Alstom Energy HVDC Converter Station Production, Value, Price and Gross Margin (2019-2024)
7.3.4 GE & Alstom Energy Main Business and Markets Served
7.3.5 GE & Alstom Energy Recent Developments/Updates
7.4 BHEL
7.4.1 BHEL HVDC Converter Station Corporation Information
7.4.2 BHEL HVDC Converter Station Product Portfolio
7.4.3 BHEL HVDC Converter Station Production, Value, Price and Gross Margin (2019-2024)
7.4.4 BHEL Main Business and Markets Served
7.4.5 BHEL Recent Developments/Updates
7.5 Orano
7.5.1 Orano HVDC Converter Station Corporation Information
7.5.2 Orano HVDC Converter Station Product Portfolio
7.5.3 Orano HVDC Converter Station Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Orano Main Business and Markets Served
7.5.5 Orano Recent Developments/Updates
7.6 Hitachi
7.6.1 Hitachi HVDC Converter Station Corporation Information
7.6.2 Hitachi HVDC Converter Station Product Portfolio
7.6.3 Hitachi HVDC Converter Station Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Hitachi Main Business and Markets Served
7.6.5 Hitachi Recent Developments/Updates
7.7 Toshiba
7.7.1 Toshiba HVDC Converter Station Corporation Information
7.7.2 Toshiba HVDC Converter Station Product Portfolio
7.7.3 Toshiba HVDC Converter Station Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Toshiba Main Business and Markets Served
7.7.5 Toshiba Recent Developments/Updates
7.8 Mitsubishi
7.8.1 Mitsubishi HVDC Converter Station Corporation Information
7.8.2 Mitsubishi HVDC Converter Station Product Portfolio
7.8.3 Mitsubishi HVDC Converter Station Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Mitsubishi Main Business and Markets Served
7.7.5 Mitsubishi Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 HVDC Converter Station Industry Chain Analysis
8.2 HVDC Converter Station Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 HVDC Converter Station Production Mode & Process
8.4 HVDC Converter Station Sales and Marketing
8.4.1 HVDC Converter Station Sales Channels
8.4.2 HVDC Converter Station Distributors
8.5 HVDC Converter Station Customers
9 HVDC Converter Station Market Dynamics
9.1 HVDC Converter Station Industry Trends
9.2 HVDC Converter Station Market Drivers
9.3 HVDC Converter Station Market Challenges
9.4 HVDC Converter Station Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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