The Market Reports

Synopsis
The global market for Medium Voltage Direct Current was estimated to be worth US$ 16.0 million in 2024 and is forecast to a readjusted size of US$ 175 million by 2031 with a CAGR of 44.1% during the forecast period 2025-2031.
Medium Voltage Direct Current (MVDC) is a technology that converts medium voltage power from 1.5kV to 100kV into direct current. Compared with AC power transmission, it has the advantage of less energy loss, so it has attracted much attention as a next-generation power supply method. In particular, if MVDC is applied to large electric propulsion ships, the overall efficiency of electric energy can be improved by up to 20% compared to the existing AC power system.
MVAC grid and MVDC grid will be in coexistence for significant time in future power distribution systems. The system benefits of implementing MVDC grids vary for different applications. For utility distribution system applications, the main benefits are high power supply capability of DC circuits, power flow control flexibility and allowing higher penetration of DERs, while the main benefits for industrial electrification and renewable integration are reduced investments and/or increased efficiency.
In recent years, medium voltage direct current (MVDC) has been widely used in electric propulsion, rail transit, offshore wind farms, smart grids and other fields. In the field of ship propulsion, the integrated power system (IPS) that deeply integrates power and power technology has become the focus of research in various countries. Its core idea is to use electric energy as the basic energy form and realize the dynamic allocation of load energy demand through an integrated energy management platform. The IPS using the MVDC technology route has the advantages of simple structure and high flexibility, which is conducive to reducing power loss, improving transmission efficiency, facilitating alternative energy, energy storage, weapon system integration, and optimizing the overall system performance. It represents the development direction of the field of ship propulsion.
MVDC distribution systems will be deployed at the renewable sector to fulfil the requirements set out in the grid code or connection codes, such as the reactive power control (and the voltage control) on the connected busbar. With the help of MVDC distribution networks, power flow can be controlled in a wide range of conditions and made possible to implement widely. The requirement to maintain a secure, reliable and economical MVDC distribution network has seen increasing activities in both engineering developments, such as hardware design (e.g. new topology of the converter; solid-state transformer); and commercial innovation, such as the planning and design of MVDC networks and the integrated function of a synchronous condenser and STATCOM to provide frequency support. Therefore, it is very likely that MVDC distribution systems will be an integral section of power systems in the near future.
This report aims to provide a comprehensive presentation of the global market for Medium Voltage Direct Current, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Medium Voltage Direct Current by region & country, by Type, and by Application.
The Medium Voltage Direct Current market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. 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 Medium Voltage Direct Current.
Market Segmentation
By Company
Siemens Energy
RXHK
SuperGrid Institute
China Shipbuilding Industry Corporation
Zhongke Zhihuan (Beijing) Technology
Segment by Type
MVDC Technical Solution
MVDC Equipment
Segment by Application
MVDC Distribution
Offshore Wind Power
Marine Vessels
Transportation
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
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, global total market size. This chapter also provides 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 2: Detailed analysis of Medium Voltage Direct Current company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: 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 4: 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 5: Revenue of Medium Voltage Direct Current in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Medium Voltage Direct Current in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index