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.
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. This report contains market size and forecasts of HVDC Transmission System in global, including the following market information:
- Global HVDC Transmission System Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global HVDC Transmission System market was valued at US$ 9179.3 million in 2022 and is projected to reach US$ 14270 million by 2029, at a CAGR of 6.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
We surveyed the HVDC Transmission System companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global HVDC Transmission System Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global HVDC Transmission System Market Segment Percentages, by Type, 2022 (%)
- Below 400 kV
- Between 400-800 kV
- Above 800 kV
Global HVDC Transmission System Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global HVDC Transmission System Market Segment Percentages, by Application, 2022 (%)
- Overhead Transmission
- Underground Transmission
- Subsea Transmission
Global HVDC Transmission System Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global HVDC Transmission System Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies HVDC Transmission System revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies HVDC Transmission System revenues share in global market, 2022 (%)
- Further, the report presents profiles of competitors in the market, key players include:
- 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
- Outline of Major Chapters:
- Chapter 1: Introduces the definition of HVDC Transmission System, market overview.
- Chapter 2: Global HVDC Transmission System market size in revenue.
- Chapter 3: Detailed analysis of HVDC Transmission System company competitive landscape, revenue and 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: Sales of HVDC Transmission System 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 of each country in the world.
- Chapter 7: 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 8: The main points and conclusions of the report.
