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VSC-Based HVDC Transmission System-Global Market Insights and Sales Trends 2025
Synopsis
The global VSC-Based HVDC Transmission System market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of VSC-Based HVDC Transmission System in various end use industries. The expanding demands from the Subsea Transmission, Underground Transmission and Overhead Transmission,, are propelling VSC-Based HVDC Transmission System market. Less than 400 KV, 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 400-800 KV segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for VSC-Based HVDC Transmission System market, driven by demand from China, the second largest economy with some signs of stabilising, the VSC-Based HVDC Transmission System market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by players, 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 VSC-Based HVDC Transmission System, 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 VSC-Based HVDC Transmission System 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 VSC-Based HVDC Transmission System market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, VSC-Based HVDC Transmission System 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 VSC-Based HVDC Transmission System covered in this report include Hitachi ABB Power Grids, Siemens, Prysmian Group, XD Group, GE Grid Solution, TBEA, Xuji Group, Nexans and NKT, etc.
The global VSC-Based HVDC Transmission System market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Hitachi ABB Power Grids
Siemens
Prysmian Group
XD Group
GE Grid Solution
TBEA
Xuji Group
Nexans
NKT
Toshiba Energy Systems & Solutions
Mitsubishi Electric
NR Electric
Global VSC-Based HVDC Transmission System 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 VSC-Based HVDC Transmission System market, Segment by Type:
Less than 400 KV
400-800 KV
Above 800 KV
Global VSC-Based HVDC Transmission System market, by Application
Subsea Transmission
Underground Transmission
Overhead Transmission
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). 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 Two: 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 Three: 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 Four: Detailed analysis of VSC-Based HVDC Transmission System companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: 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 Twelve: Research Finding/Conclusion
The global VSC-Based HVDC Transmission System market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of VSC-Based HVDC Transmission System in various end use industries. The expanding demands from the Subsea Transmission, Underground Transmission and Overhead Transmission,, are propelling VSC-Based HVDC Transmission System market. Less than 400 KV, 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 400-800 KV segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for VSC-Based HVDC Transmission System market, driven by demand from China, the second largest economy with some signs of stabilising, the VSC-Based HVDC Transmission System market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by players, 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 VSC-Based HVDC Transmission System, 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 VSC-Based HVDC Transmission System 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 VSC-Based HVDC Transmission System market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, VSC-Based HVDC Transmission System 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 VSC-Based HVDC Transmission System covered in this report include Hitachi ABB Power Grids, Siemens, Prysmian Group, XD Group, GE Grid Solution, TBEA, Xuji Group, Nexans and NKT, etc.
The global VSC-Based HVDC Transmission System market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Hitachi ABB Power Grids
Siemens
Prysmian Group
XD Group
GE Grid Solution
TBEA
Xuji Group
Nexans
NKT
Toshiba Energy Systems & Solutions
Mitsubishi Electric
NR Electric
Global VSC-Based HVDC Transmission System 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 VSC-Based HVDC Transmission System market, Segment by Type:
Less than 400 KV
400-800 KV
Above 800 KV
Global VSC-Based HVDC Transmission System market, by Application
Subsea Transmission
Underground Transmission
Overhead Transmission
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). 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 Two: 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 Three: 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 Four: Detailed analysis of VSC-Based HVDC Transmission System companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: 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 Twelve: Research Finding/Conclusion
Index1 Market Overview of VSC-Based HVDC Transmission System
1.1 VSC-Based HVDC Transmission System Market Overview
1.1.1 VSC-Based HVDC Transmission System Product Scope
1.1.2 VSC-Based HVDC Transmission System Market Status and Outlook
1.2 Global VSC-Based HVDC Transmission System Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global VSC-Based HVDC Transmission System Market Size by Region (2018-2029)
1.4 Global VSC-Based HVDC Transmission System Historic Market Size by Region (2018-2023)
1.5 Global VSC-Based HVDC Transmission System Market Size Forecast by Region (2024-2029)
1.6 Key Regions, VSC-Based HVDC Transmission System Market Size (2018-2029)
1.6.1 North America VSC-Based HVDC Transmission System Market Size (2018-2029)
1.6.2 Europe VSC-Based HVDC Transmission System Market Size (2018-2029)
1.6.3 Asia-Pacific VSC-Based HVDC Transmission System Market Size (2018-2029)
1.6.4 Latin America VSC-Based HVDC Transmission System Market Size (2018-2029)
1.6.5 Middle East & Africa VSC-Based HVDC Transmission System Market Size (2018-2029)
2 VSC-Based HVDC Transmission System Market by Type
2.1 Introduction
2.1.1 Less than 400 KV
2.1.2 400-800 KV
2.1.3 Above 800 KV
2.2 Global VSC-Based HVDC Transmission System Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global VSC-Based HVDC Transmission System Historic Market Size by Type (2018-2023)
2.2.2 Global VSC-Based HVDC Transmission System Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America VSC-Based HVDC Transmission System Revenue Breakdown by Type (2018-2029)
2.3.2 Europe VSC-Based HVDC Transmission System Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific VSC-Based HVDC Transmission System Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America VSC-Based HVDC Transmission System Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa VSC-Based HVDC Transmission System Revenue Breakdown by Type (2018-2029)
3 VSC-Based HVDC Transmission System Market Overview by Application
3.1 Introduction
3.1.1 Subsea Transmission
3.1.2 Underground Transmission
3.1.3 Overhead Transmission
3.2 Global VSC-Based HVDC Transmission System Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global VSC-Based HVDC Transmission System Historic Market Size by Application (2018-2023)
3.2.2 Global VSC-Based HVDC Transmission System Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America VSC-Based HVDC Transmission System Revenue Breakdown by Application (2018-2029)
3.3.2 Europe VSC-Based HVDC Transmission System Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific VSC-Based HVDC Transmission System Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America VSC-Based HVDC Transmission System Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa VSC-Based HVDC Transmission System Revenue Breakdown by Application (2018-2029)
4 VSC-Based HVDC Transmission System Competition Analysis by Players
4.1 Global VSC-Based HVDC Transmission System Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in VSC-Based HVDC Transmission System as of 2022)
4.3 Date of Key Players Enter into VSC-Based HVDC Transmission System Market
4.4 Global Top Players VSC-Based HVDC Transmission System Headquarters and Area Served
4.5 Key Players VSC-Based HVDC Transmission System Product Solution and Service
4.6 Competitive Status
4.6.1 VSC-Based HVDC Transmission System Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Hitachi ABB Power Grids
5.1.1 Hitachi ABB Power Grids Profile
5.1.2 Hitachi ABB Power Grids Main Business
5.1.3 Hitachi ABB Power Grids VSC-Based HVDC Transmission System Products, Services and Solutions
5.1.4 Hitachi ABB Power Grids VSC-Based HVDC Transmission System Revenue (US$ Million) & (2018-2023)
5.1.5 Hitachi ABB Power Grids Recent Developments
5.2 Siemens
5.2.1 Siemens Profile
5.2.2 Siemens Main Business
5.2.3 Siemens VSC-Based HVDC Transmission System Products, Services and Solutions
5.2.4 Siemens VSC-Based HVDC Transmission System Revenue (US$ Million) & (2018-2023)
5.2.5 Siemens Recent Developments
5.3 Prysmian Group
5.3.1 Prysmian Group Profile
5.3.2 Prysmian Group Main Business
5.3.3 Prysmian Group VSC-Based HVDC Transmission System Products, Services and Solutions
5.3.4 Prysmian Group VSC-Based HVDC Transmission System Revenue (US$ Million) & (2018-2023)
5.3.5 XD Group Recent Developments
5.4 XD Group
5.4.1 XD Group Profile
5.4.2 XD Group Main Business
5.4.3 XD Group VSC-Based HVDC Transmission System Products, Services and Solutions
5.4.4 XD Group VSC-Based HVDC Transmission System Revenue (US$ Million) & (2018-2023)
5.4.5 XD Group Recent Developments
5.5 GE Grid Solution
5.5.1 GE Grid Solution Profile
5.5.2 GE Grid Solution Main Business
5.5.3 GE Grid Solution VSC-Based HVDC Transmission System Products, Services and Solutions
5.5.4 GE Grid Solution VSC-Based HVDC Transmission System Revenue (US$ Million) & (2018-2023)
5.5.5 GE Grid Solution Recent Developments
5.6 TBEA
5.6.1 TBEA Profile
5.6.2 TBEA Main Business
5.6.3 TBEA VSC-Based HVDC Transmission System Products, Services and Solutions
5.6.4 TBEA VSC-Based HVDC Transmission System Revenue (US$ Million) & (2018-2023)
5.6.5 TBEA Recent Developments
5.7 Xuji Group
5.7.1 Xuji Group Profile
5.7.2 Xuji Group Main Business
5.7.3 Xuji Group VSC-Based HVDC Transmission System Products, Services and Solutions
5.7.4 Xuji Group VSC-Based HVDC Transmission System Revenue (US$ Million) & (2018-2023)
5.7.5 Xuji Group Recent Developments
5.8 Nexans
5.8.1 Nexans Profile
5.8.2 Nexans Main Business
5.8.3 Nexans VSC-Based HVDC Transmission System Products, Services and Solutions
5.8.4 Nexans VSC-Based HVDC Transmission System Revenue (US$ Million) & (2018-2023)
5.8.5 Nexans Recent Developments
5.9 NKT
5.9.1 NKT Profile
5.9.2 NKT Main Business
5.9.3 NKT VSC-Based HVDC Transmission System Products, Services and Solutions
5.9.4 NKT VSC-Based HVDC Transmission System Revenue (US$ Million) & (2018-2023)
5.9.5 NKT Recent Developments
5.10 Toshiba Energy Systems & Solutions
5.10.1 Toshiba Energy Systems & Solutions Profile
5.10.2 Toshiba Energy Systems & Solutions Main Business
5.10.3 Toshiba Energy Systems & Solutions VSC-Based HVDC Transmission System Products, Services and Solutions
5.10.4 Toshiba Energy Systems & Solutions VSC-Based HVDC Transmission System Revenue (US$ Million) & (2018-2023)
5.10.5 Toshiba Energy Systems & Solutions Recent Developments
5.11 Mitsubishi Electric
5.11.1 Mitsubishi Electric Profile
5.11.2 Mitsubishi Electric Main Business
5.11.3 Mitsubishi Electric VSC-Based HVDC Transmission System Products, Services and Solutions
5.11.4 Mitsubishi Electric VSC-Based HVDC Transmission System Revenue (US$ Million) & (2018-2023)
5.11.5 Mitsubishi Electric Recent Developments
5.12 NR Electric
5.12.1 NR Electric Profile
5.12.2 NR Electric Main Business
5.12.3 NR Electric VSC-Based HVDC Transmission System Products, Services and Solutions
5.12.4 NR Electric VSC-Based HVDC Transmission System Revenue (US$ Million) & (2018-2023)
5.12.5 NR Electric Recent Developments
6 North America
6.1 North America VSC-Based HVDC Transmission System Market Size by Country (2018-2029)
6.2 United States
6.3 Canada
7 Europe
7.1 Europe VSC-Based HVDC Transmission System Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific VSC-Based HVDC Transmission System Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America VSC-Based HVDC Transmission System Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa VSC-Based HVDC Transmission System Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 VSC-Based HVDC Transmission System Market Dynamics
11.1 VSC-Based HVDC Transmission System Industry Trends
11.2 VSC-Based HVDC Transmission System Market Drivers
11.3 VSC-Based HVDC Transmission System Market Challenges
11.4 VSC-Based HVDC Transmission System Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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