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High-Voltage Direct Current (HVDC) Transmission Systems-Global Market Insights and Sales Trends 2025

High-Voltage Direct Current (HVDC) Transmission Systems-Global Market Insights and Sales Trends 2025

Publishing Date : Mar, 2025

License Type :
 

Report Code : 1854238

No of Pages : 101

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 65 Hz. This improves the stability and economy of each grid, by allowing exchange of power between incompatible networks.
The global High-Voltage Direct Current (HVDC) Transmission Systems market size is expected to reach US$ 11420 million by 2029, growing at a CAGR of 3.5% from 2023 to 2029. The market is mainly driven by the significant applications of High-Voltage Direct Current (HVDC) Transmission Systems in various end use industries. The expanding demands from the Submarine HVDC Transmission System, Overhead HVDC Transmission System and Underground HVDC Transmission System,, are propelling High-Voltage Direct Current (HVDC) Transmission Systems market. Cables, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Converters segment is estimated at % CAGR for the next seven-year period.
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 22 percent.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for High-Voltage Direct Current (HVDC) Transmission Systems, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global High-Voltage Direct Current (HVDC) Transmission Systems market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global High-Voltage Direct Current (HVDC) Transmission Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, High-Voltage Direct Current (HVDC) Transmission Systems sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of High-Voltage Direct Current (HVDC) Transmission Systems covered in this report include ABB, Siemens, Schneider Electric, GE, Alstom, State Grid Corporation of China, LS Industrial Systems, Cisco Systems and Doble Engineering, etc.
The global High-Voltage Direct Current (HVDC) Transmission Systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
Siemens
Schneider Electric
GE
Alstom
State Grid Corporation of China
LS Industrial Systems
Cisco Systems
Doble Engineering
NKT Cables
Global High-Voltage Direct Current (HVDC) Transmission Systems market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global High-Voltage Direct Current (HVDC) Transmission Systems market, Segment by Type:
Cables
Converters
Harmonics and Filtering
Converter Transformers
Global High-Voltage Direct Current (HVDC) Transmission Systems market, by Application
Submarine HVDC Transmission System
Overhead HVDC Transmission System
Underground HVDC Transmission System
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of High-Voltage Direct Current (HVDC) Transmission Systems manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of High-Voltage Direct Current (HVDC) Transmission Systems in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index
1 High-Voltage Direct Current (HVDC) Transmission Systems Market Overview
1.1 High-Voltage Direct Current (HVDC) Transmission Systems Product Overview
1.2 High-Voltage Direct Current (HVDC) Transmission Systems Market Segment by Type
1.2.1 Cables
1.2.2 Converters
1.2.3 Harmonics and Filtering
1.2.4 Converter Transformers
1.3 Global High-Voltage Direct Current (HVDC) Transmission Systems Market Size by Type
1.3.1 Global High-Voltage Direct Current (HVDC) Transmission Systems Market Size Overview by Type (2018-2029)
1.3.2 Global High-Voltage Direct Current (HVDC) Transmission Systems Historic Market Size Review by Type (2018-2023)
1.3.3 Global High-Voltage Direct Current (HVDC) Transmission Systems Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America High-Voltage Direct Current (HVDC) Transmission Systems Sales Breakdown by Type (2018-2023)
1.4.2 Europe High-Voltage Direct Current (HVDC) Transmission Systems Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific High-Voltage Direct Current (HVDC) Transmission Systems Sales Breakdown by Type (2018-2023)
1.4.4 Latin America High-Voltage Direct Current (HVDC) Transmission Systems Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa High-Voltage Direct Current (HVDC) Transmission Systems Sales Breakdown by Type (2018-2023)
2 Global High-Voltage Direct Current (HVDC) Transmission Systems Market Competition by Company
2.1 Global Top Players by High-Voltage Direct Current (HVDC) Transmission Systems Sales (2018-2023)
2.2 Global Top Players by High-Voltage Direct Current (HVDC) Transmission Systems Revenue (2018-2023)
2.3 Global Top Players by High-Voltage Direct Current (HVDC) Transmission Systems Price (2018-2023)
2.4 Global Top Manufacturers High-Voltage Direct Current (HVDC) Transmission Systems Manufacturing Base Distribution, Sales Area, Product Type
2.5 High-Voltage Direct Current (HVDC) Transmission Systems Market Competitive Situation and Trends
2.5.1 High-Voltage Direct Current (HVDC) Transmission Systems Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by High-Voltage Direct Current (HVDC) Transmission Systems Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in High-Voltage Direct Current (HVDC) Transmission Systems as of 2022)
2.7 Date of Key Manufacturers Enter into High-Voltage Direct Current (HVDC) Transmission Systems Market
2.8 Key Manufacturers High-Voltage Direct Current (HVDC) Transmission Systems Product Offered
2.9 Mergers & Acquisitions, Expansion
3 High-Voltage Direct Current (HVDC) Transmission Systems Status and Outlook by Region
3.1 Global High-Voltage Direct Current (HVDC) Transmission Systems Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global High-Voltage Direct Current (HVDC) Transmission Systems Historic Market Size by Region
3.2.1 Global High-Voltage Direct Current (HVDC) Transmission Systems Sales in Volume by Region (2018-2023)
3.2.2 Global High-Voltage Direct Current (HVDC) Transmission Systems Sales in Value by Region (2018-2023)
3.2.3 Global High-Voltage Direct Current (HVDC) Transmission Systems Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global High-Voltage Direct Current (HVDC) Transmission Systems Forecasted Market Size by Region
3.3.1 Global High-Voltage Direct Current (HVDC) Transmission Systems Sales in Volume by Region (2024-2029)
3.3.2 Global High-Voltage Direct Current (HVDC) Transmission Systems Sales in Value by Region (2024-2029)
3.3.3 Global High-Voltage Direct Current (HVDC) Transmission Systems Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global High-Voltage Direct Current (HVDC) Transmission Systems by Application
4.1 High-Voltage Direct Current (HVDC) Transmission Systems Market Segment by Application
4.1.1 Submarine HVDC Transmission System
4.1.2 Overhead HVDC Transmission System
4.1.3 Underground HVDC Transmission System
4.2 Global High-Voltage Direct Current (HVDC) Transmission Systems Market Size by Application
4.2.1 Global High-Voltage Direct Current (HVDC) Transmission Systems Market Size Overview by Application (2018-2029)
4.2.2 Global High-Voltage Direct Current (HVDC) Transmission Systems Historic Market Size Review by Application (2018-2023)
4.2.3 Global High-Voltage Direct Current (HVDC) Transmission Systems Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America High-Voltage Direct Current (HVDC) Transmission Systems Sales Breakdown by Application (2018-2023)
4.3.2 Europe High-Voltage Direct Current (HVDC) Transmission Systems Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific High-Voltage Direct Current (HVDC) Transmission Systems Sales Breakdown by Application (2018-2023)
4.3.4 Latin America High-Voltage Direct Current (HVDC) Transmission Systems Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa High-Voltage Direct Current (HVDC) Transmission Systems Sales Breakdown by Application (2018-2023)
5 North America High-Voltage Direct Current (HVDC) Transmission Systems by Country
5.1 North America High-Voltage Direct Current (HVDC) Transmission Systems Historic Market Size by Country
5.1.1 North America High-Voltage Direct Current (HVDC) Transmission Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America High-Voltage Direct Current (HVDC) Transmission Systems Sales in Volume by Country (2018-2023)
5.1.3 North America High-Voltage Direct Current (HVDC) Transmission Systems Sales in Value by Country (2018-2023)
5.2 North America High-Voltage Direct Current (HVDC) Transmission Systems Forecasted Market Size by Country
5.2.1 North America High-Voltage Direct Current (HVDC) Transmission Systems Sales in Volume by Country (2024-2029)
5.2.2 North America High-Voltage Direct Current (HVDC) Transmission Systems Sales in Value by Country (2024-2029)
6 Europe High-Voltage Direct Current (HVDC) Transmission Systems by Country
6.1 Europe High-Voltage Direct Current (HVDC) Transmission Systems Historic Market Size by Country
6.1.1 Europe High-Voltage Direct Current (HVDC) Transmission Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe High-Voltage Direct Current (HVDC) Transmission Systems Sales in Volume by Country (2018-2023)
6.1.3 Europe High-Voltage Direct Current (HVDC) Transmission Systems Sales in Value by Country (2018-2023)
6.2 Europe High-Voltage Direct Current (HVDC) Transmission Systems Forecasted Market Size by Country
6.2.1 Europe High-Voltage Direct Current (HVDC) Transmission Systems Sales in Volume by Country (2024-2029)
6.2.2 Europe High-Voltage Direct Current (HVDC) Transmission Systems Sales in Value by Country (2024-2029)
7 Asia-Pacific High-Voltage Direct Current (HVDC) Transmission Systems by Region
7.1 Asia-Pacific High-Voltage Direct Current (HVDC) Transmission Systems Historic Market Size by Region
7.1.1 Asia-Pacific High-Voltage Direct Current (HVDC) Transmission Systems Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific High-Voltage Direct Current (HVDC) Transmission Systems Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific High-Voltage Direct Current (HVDC) Transmission Systems Sales in Value by Region (2018-2023)
7.2 Asia-Pacific High-Voltage Direct Current (HVDC) Transmission Systems Forecasted Market Size by Region
7.2.1 Asia-Pacific High-Voltage Direct Current (HVDC) Transmission Systems Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific High-Voltage Direct Current (HVDC) Transmission Systems Sales in Value by Region (2024-2029)
8 Latin America High-Voltage Direct Current (HVDC) Transmission Systems by Country
8.1 Latin America High-Voltage Direct Current (HVDC) Transmission Systems Historic Market Size by Country
8.1.1 Latin America High-Voltage Direct Current (HVDC) Transmission Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America High-Voltage Direct Current (HVDC) Transmission Systems Sales in Volume by Country (2018-2023)
8.1.3 Latin America High-Voltage Direct Current (HVDC) Transmission Systems Sales in Value by Country (2018-2023)
8.2 Latin America High-Voltage Direct Current (HVDC) Transmission Systems Forecasted Market Size by Country
8.2.1 Latin America High-Voltage Direct Current (HVDC) Transmission Systems Sales in Volume by Country (2024-2029)
8.2.2 Latin America High-Voltage Direct Current (HVDC) Transmission Systems Sales in Value by Country (2024-2029)
9 Middle East and Africa High-Voltage Direct Current (HVDC) Transmission Systems by Country
9.1 Middle East and Africa High-Voltage Direct Current (HVDC) Transmission Systems Historic Market Size by Country
9.1.1 Middle East and Africa High-Voltage Direct Current (HVDC) Transmission Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa High-Voltage Direct Current (HVDC) Transmission Systems Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa High-Voltage Direct Current (HVDC) Transmission Systems Sales in Value by Country (2018-2023)
9.2 Middle East and Africa High-Voltage Direct Current (HVDC) Transmission Systems Forecasted Market Size by Country
9.2.1 Middle East and Africa High-Voltage Direct Current (HVDC) Transmission Systems Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa High-Voltage Direct Current (HVDC) Transmission Systems Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 ABB
10.1.1 ABB Company Information
10.1.2 ABB Introduction and Business Overview
10.1.3 ABB High-Voltage Direct Current (HVDC) Transmission Systems Sales, Revenue and Gross Margin (2018-2023)
10.1.4 ABB High-Voltage Direct Current (HVDC) Transmission Systems Products Offered
10.1.5 ABB Recent Development
10.2 Siemens
10.2.1 Siemens Company Information
10.2.2 Siemens Introduction and Business Overview
10.2.3 Siemens High-Voltage Direct Current (HVDC) Transmission Systems Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Siemens High-Voltage Direct Current (HVDC) Transmission Systems Products Offered
10.2.5 Siemens Recent Development
10.3 Schneider Electric
10.3.1 Schneider Electric Company Information
10.3.2 Schneider Electric Introduction and Business Overview
10.3.3 Schneider Electric High-Voltage Direct Current (HVDC) Transmission Systems Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Schneider Electric High-Voltage Direct Current (HVDC) Transmission Systems Products Offered
10.3.5 Schneider Electric Recent Development
10.4 GE
10.4.1 GE Company Information
10.4.2 GE Introduction and Business Overview
10.4.3 GE High-Voltage Direct Current (HVDC) Transmission Systems Sales, Revenue and Gross Margin (2018-2023)
10.4.4 GE High-Voltage Direct Current (HVDC) Transmission Systems Products Offered
10.4.5 GE Recent Development
10.5 Alstom
10.5.1 Alstom Company Information
10.5.2 Alstom Introduction and Business Overview
10.5.3 Alstom High-Voltage Direct Current (HVDC) Transmission Systems Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Alstom High-Voltage Direct Current (HVDC) Transmission Systems Products Offered
10.5.5 Alstom Recent Development
10.6 State Grid Corporation of China
10.6.1 State Grid Corporation of China Company Information
10.6.2 State Grid Corporation of China Introduction and Business Overview
10.6.3 State Grid Corporation of China High-Voltage Direct Current (HVDC) Transmission Systems Sales, Revenue and Gross Margin (2018-2023)
10.6.4 State Grid Corporation of China High-Voltage Direct Current (HVDC) Transmission Systems Products Offered
10.6.5 State Grid Corporation of China Recent Development
10.7 LS Industrial Systems
10.7.1 LS Industrial Systems Company Information
10.7.2 LS Industrial Systems Introduction and Business Overview
10.7.3 LS Industrial Systems High-Voltage Direct Current (HVDC) Transmission Systems Sales, Revenue and Gross Margin (2018-2023)
10.7.4 LS Industrial Systems High-Voltage Direct Current (HVDC) Transmission Systems Products Offered
10.7.5 LS Industrial Systems Recent Development
10.8 Cisco Systems
10.8.1 Cisco Systems Company Information
10.8.2 Cisco Systems Introduction and Business Overview
10.8.3 Cisco Systems High-Voltage Direct Current (HVDC) Transmission Systems Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Cisco Systems High-Voltage Direct Current (HVDC) Transmission Systems Products Offered
10.8.5 Cisco Systems Recent Development
10.9 Doble Engineering
10.9.1 Doble Engineering Company Information
10.9.2 Doble Engineering Introduction and Business Overview
10.9.3 Doble Engineering High-Voltage Direct Current (HVDC) Transmission Systems Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Doble Engineering High-Voltage Direct Current (HVDC) Transmission Systems Products Offered
10.9.5 Doble Engineering Recent Development
10.10 NKT Cables
10.10.1 NKT Cables Company Information
10.10.2 NKT Cables Introduction and Business Overview
10.10.3 NKT Cables High-Voltage Direct Current (HVDC) Transmission Systems Sales, Revenue and Gross Margin (2018-2023)
10.10.4 NKT Cables High-Voltage Direct Current (HVDC) Transmission Systems Products Offered
10.10.5 NKT Cables Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 High-Voltage Direct Current (HVDC) Transmission Systems Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 High-Voltage Direct Current (HVDC) Transmission Systems Industrial Chain Analysis
11.4 High-Voltage Direct Current (HVDC) Transmission Systems Market Dynamics
11.4.1 High-Voltage Direct Current (HVDC) Transmission Systems Industry Trends
11.4.2 High-Voltage Direct Current (HVDC) Transmission Systems Market Drivers
11.4.3 High-Voltage Direct Current (HVDC) Transmission Systems Market Challenges
11.4.4 High-Voltage Direct Current (HVDC) Transmission Systems Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 High-Voltage Direct Current (HVDC) Transmission Systems Distributors
12.3 High-Voltage Direct Current (HVDC) Transmission Systems Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer

Published By : QY Research

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