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Global HVDC Transmission System Market Research Report 2024
Synopsis
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.
The global HVDC Transmission System market was valued at US$ 8921 million in 2023 and is anticipated to reach US$ 14220 million by 2030, witnessing a CAGR of 6.8% during the forecast period 2024-2030.
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 aims to provide a comprehensive presentation of the global market for HVDC Transmission System, 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 Transmission System.
Report Scope
The HVDC Transmission System market size, estimations, and forecasts are provided in terms of 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 Transmission System 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 Transmission System companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, 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
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
Segment by Type
Below 400 kV
Between 400-800 kV
Above 800 kV
Segment by Application
Overhead Transmission
Underground Transmission
Subsea Transmission
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (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: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of HVDC Transmission System companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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 capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
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.
The global HVDC Transmission System market was valued at US$ 8921 million in 2023 and is anticipated to reach US$ 14220 million by 2030, witnessing a CAGR of 6.8% during the forecast period 2024-2030.
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 aims to provide a comprehensive presentation of the global market for HVDC Transmission System, 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 Transmission System.
Report Scope
The HVDC Transmission System market size, estimations, and forecasts are provided in terms of 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 Transmission System 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 Transmission System companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, 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
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
Segment by Type
Below 400 kV
Between 400-800 kV
Above 800 kV
Segment by Application
Overhead Transmission
Underground Transmission
Subsea Transmission
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (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: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of HVDC Transmission System companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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 capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global HVDC Transmission System Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Below 400 kV
1.2.3 Between 400-800 kV
1.2.4 Above 800 kV
1.3 Market by Application
1.3.1 Global HVDC Transmission System Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Overhead Transmission
1.3.3 Underground Transmission
1.3.4 Subsea Transmission
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global HVDC Transmission System Market Perspective (2019-2030)
2.2 HVDC Transmission System Growth Trends by Region
2.2.1 Global HVDC Transmission System Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 HVDC Transmission System Historic Market Size by Region (2019-2024)
2.2.3 HVDC Transmission System Forecasted Market Size by Region (2025-2030)
2.3 HVDC Transmission System Market Dynamics
2.3.1 HVDC Transmission System Industry Trends
2.3.2 HVDC Transmission System Market Drivers
2.3.3 HVDC Transmission System Market Challenges
2.3.4 HVDC Transmission System Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top HVDC Transmission System Players by Revenue
3.1.1 Global Top HVDC Transmission System Players by Revenue (2019-2024)
3.1.2 Global HVDC Transmission System Revenue Market Share by Players (2019-2024)
3.2 Global HVDC Transmission System Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by HVDC Transmission System Revenue
3.4 Global HVDC Transmission System Market Concentration Ratio
3.4.1 Global HVDC Transmission System Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by HVDC Transmission System Revenue in 2023
3.5 HVDC Transmission System Key Players Head office and Area Served
3.6 Key Players HVDC Transmission System Product Solution and Service
3.7 Date of Enter into HVDC Transmission System Market
3.8 Mergers & Acquisitions, Expansion Plans
4 HVDC Transmission System Breakdown Data by Type
4.1 Global HVDC Transmission System Historic Market Size by Type (2019-2024)
4.2 Global HVDC Transmission System Forecasted Market Size by Type (2025-2030)
5 HVDC Transmission System Breakdown Data by Application
5.1 Global HVDC Transmission System Historic Market Size by Application (2019-2024)
5.2 Global HVDC Transmission System Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America HVDC Transmission System Market Size (2019-2030)
6.2 North America HVDC Transmission System Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America HVDC Transmission System Market Size by Country (2019-2024)
6.4 North America HVDC Transmission System Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe HVDC Transmission System Market Size (2019-2030)
7.2 Europe HVDC Transmission System Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe HVDC Transmission System Market Size by Country (2019-2024)
7.4 Europe HVDC Transmission System Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific HVDC Transmission System Market Size (2019-2030)
8.2 Asia-Pacific HVDC Transmission System Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific HVDC Transmission System Market Size by Region (2019-2024)
8.4 Asia-Pacific HVDC Transmission System Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America HVDC Transmission System Market Size (2019-2030)
9.2 Latin America HVDC Transmission System Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America HVDC Transmission System Market Size by Country (2019-2024)
9.4 Latin America HVDC Transmission System Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa HVDC Transmission System Market Size (2019-2030)
10.2 Middle East & Africa HVDC Transmission System Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa HVDC Transmission System Market Size by Country (2019-2024)
10.4 Middle East & Africa HVDC Transmission System Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 ABB
11.1.1 ABB Company Detail
11.1.2 ABB Business Overview
11.1.3 ABB HVDC Transmission System Introduction
11.1.4 ABB Revenue in HVDC Transmission System Business (2019-2024)
11.1.5 ABB Recent Development
11.2 Siemens
11.2.1 Siemens Company Detail
11.2.2 Siemens Business Overview
11.2.3 Siemens HVDC Transmission System Introduction
11.2.4 Siemens Revenue in HVDC Transmission System Business (2019-2024)
11.2.5 Siemens Recent Development
11.3 XD
11.3.1 XD Company Detail
11.3.2 XD Business Overview
11.3.3 XD HVDC Transmission System Introduction
11.3.4 XD Revenue in HVDC Transmission System Business (2019-2024)
11.3.5 XD Recent Development
11.4 NR Electric
11.4.1 NR Electric Company Detail
11.4.2 NR Electric Business Overview
11.4.3 NR Electric HVDC Transmission System Introduction
11.4.4 NR Electric Revenue in HVDC Transmission System Business (2019-2024)
11.4.5 NR Electric Recent Development
11.5 GE Grid Solution
11.5.1 GE Grid Solution Company Detail
11.5.2 GE Grid Solution Business Overview
11.5.3 GE Grid Solution HVDC Transmission System Introduction
11.5.4 GE Grid Solution Revenue in HVDC Transmission System Business (2019-2024)
11.5.5 GE Grid Solution Recent Development
11.6 NKT
11.6.1 NKT Company Detail
11.6.2 NKT Business Overview
11.6.3 NKT HVDC Transmission System Introduction
11.6.4 NKT Revenue in HVDC Transmission System Business (2019-2024)
11.6.5 NKT Recent Development
11.7 TBEA
11.7.1 TBEA Company Detail
11.7.2 TBEA Business Overview
11.7.3 TBEA HVDC Transmission System Introduction
11.7.4 TBEA Revenue in HVDC Transmission System Business (2019-2024)
11.7.5 TBEA Recent Development
11.8 XJ Group Corporation
11.8.1 XJ Group Corporation Company Detail
11.8.2 XJ Group Corporation Business Overview
11.8.3 XJ Group Corporation HVDC Transmission System Introduction
11.8.4 XJ Group Corporation Revenue in HVDC Transmission System Business (2019-2024)
11.8.5 XJ Group Corporation Recent Development
11.9 Hitachi ABB Power Grids
11.9.1 Hitachi ABB Power Grids Company Detail
11.9.2 Hitachi ABB Power Grids Business Overview
11.9.3 Hitachi ABB Power Grids HVDC Transmission System Introduction
11.9.4 Hitachi ABB Power Grids Revenue in HVDC Transmission System Business (2019-2024)
11.9.5 Hitachi ABB Power Grids Recent Development
11.10 Nexans
11.10.1 Nexans Company Detail
11.10.2 Nexans Business Overview
11.10.3 Nexans HVDC Transmission System Introduction
11.10.4 Nexans Revenue in HVDC Transmission System Business (2019-2024)
11.10.5 Nexans Recent Development
11.11 Toshiba
11.11.1 Toshiba Company Detail
11.11.2 Toshiba Business Overview
11.11.3 Toshiba HVDC Transmission System Introduction
11.11.4 Toshiba Revenue in HVDC Transmission System Business (2019-2024)
11.11.5 Toshiba Recent Development
11.12 Mitsubishi Electric
11.12.1 Mitsubishi Electric Company Detail
11.12.2 Mitsubishi Electric Business Overview
11.12.3 Mitsubishi Electric HVDC Transmission System Introduction
11.12.4 Mitsubishi Electric Revenue in HVDC Transmission System Business (2019-2024)
11.12.5 Mitsubishi Electric Recent Development
11.13 Abengoa
11.13.1 Abengoa Company Detail
11.13.2 Abengoa Business Overview
11.13.3 Abengoa HVDC Transmission System Introduction
11.13.4 Abengoa Revenue in HVDC Transmission System Business (2019-2024)
11.13.5 Abengoa Recent Development
11.14 Prysmian Group
11.14.1 Prysmian Group Company Detail
11.14.2 Prysmian Group Business Overview
11.14.3 Prysmian Group HVDC Transmission System Introduction
11.14.4 Prysmian Group Revenue in HVDC Transmission System Business (2019-2024)
11.14.5 Prysmian Group Recent Development
11.15 China XD Group
11.15.1 China XD Group Company Detail
11.15.2 China XD Group Business Overview
11.15.3 China XD Group HVDC Transmission System Introduction
11.15.4 China XD Group Revenue in HVDC Transmission System Business (2019-2024)
11.15.5 China XD Group Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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