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市場調査レポート
商品コード
1467579
HVDC送電システムの世界市場：コンポーネント別、送電タイプ別、技術別、プロジェクトタイプ別、用途別、地域別（2024～2032年）HVDC Transmission Systems Market Report by Component, Transmission Type, Technology, Project Type, Application, and Region 2024-2032 |
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| HVDC送電システムの世界市場：コンポーネント別、送電タイプ別、技術別、プロジェクトタイプ別、用途別、地域別（2024～2032年） |
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出版日: 2024年04月08日
発行: IMARC
ページ情報: 英文 138 Pages
納期: 2～3営業日
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- 全表示
- 概要
- 図表
- 目次
世界のHVDC送電システムの市場規模は、2023年に111億米ドルに達し、2024～2032年にかけてCAGR 8.04%で成長し、2032年までに227億米ドルに達すると予測されています。市場成長の原動力は、主要企業が送電網の近代化に注力するようになったことと、風力発電や太陽光発電などの再生可能エネルギーが広く採用されるようになったことです。
HVDC送電システムの世界市場分析：
主な市場促進要因：送電網の拡張と相互接続のニーズの高まり、都市化と工業化レベルの上昇、有利な政府のイニシアティブと政策、技術の進歩の増加は、市場成長を促進する主な要因の一部です。
主な市場動向：HVDCシステムの自動化傾向の高まりと、二酸化炭素排出量削減を目的とした電気自動車の普及が、HVDC送電システム市場の成長に拍車をかけています。政府と電力会社は、送電網の効率、信頼性、柔軟性を向上させるため、HVDC送電システムの導入を含む送電網近代化構想に投資しています。こうした取り組みがHVDC送電システム市場の成長を促進すると期待されています。
地理的動向：HVDC送電システム市場の展望によると、欧州が圧倒的なシェアを獲得しています。同地域の成長を牽引しているのは、再生可能エネルギーの統合需要の増加、政府機関による送電網近代化の取り組み、長距離送電の必要性など、いくつかの要因です。
競合情勢：HVDC送電システム業界の主な市場参入企業には、ABB Ltd.、General Electric Company、Hitachi Ltd.、LS ELECTRIC Co. Ltd.、Mitsubishi Electric Corporation、Nexans S.A.、NKT A/S, NR Electric Co. Ltd.、 Prysmian Group、Siemens AG、Toshiba Corporationなどがあります。
課題と機会：設置の複雑さ、初期コストの高さ、規制や許認可のハードル、技術的な限界などが、HVDC送電システム市場の成長を妨げる課題となっています。しかし、VSCベースのシステムの開発やコンバータ技術の革新など、HVDC送電システムで進行中の技術的進歩は、効率性、信頼性、柔軟性を向上させる機会を提供しています。
世界のHVDC送電システム市場動向：
電力需要の増加
人口の増加が電力需要を増大させており、これがHVDC送電システム市場の需要を牽引する重要な要因の1つとなっています。例えば、国連によると、世界の人口は今後30年間で20億人近く増加し、2050年には97億人に達すると予測されています。さらにIEAによると、世界の電力需要は今後3年間でさらに増加し、2026年まで毎年3.4%の成長が見込まれています。HVDC送電システムは、長距離送電において従来の高圧交流（HVAC）システムよりも効率的です。このため、水力発電所や風力発電所のような遠隔地の発電所から都市中心部への送電に最適です。電力需要の増加に伴い、地域や国の送電網を拡張し、相互接続する必要性が生じています。HVDC送電システムは、大容量の電力を大きな損失なしに長距離送電することができるため、送電網の拡張や相互接続の促進に役立ちます。多くの地域では、データセンターが電力需要増加の主な要因となっています。例えば、IEAによると、データセンターは2026年に1,000テラワット時（TWh）以上の電力を使用する可能性があります。こうした要因がHVDC送電システム市場の収益をさらに押し上げています。
海底HVDC送電システムの出現
海底HVDC送電システムの登場は、送電分野における大きな発展を意味します。海底HVDC送電システムは、大量の電力を水中で、通常は長距離にわたって、高い効率と信頼性で送電するために使用されます。各国間の電力取引への注目の高まりが、海底送電の需要を後押ししています。さらに、洋上風力発電プラットフォームもHVDC海底送電システムを利用して沿岸部に電力を送っています。例えば、Global Wind Energy Councilによると、2022年には世界で64GWの洋上風力が発電され、前年比年率14％のペースで成長しています。
再生可能エネルギーへの需要の高まり
国や地域が二酸化炭素排出量の削減に努め、より持続可能なエネルギー源への移行に注力する中、洋上風力発電所のような洋上再生可能エネルギー・プロジェクトの開発が大幅に増加しています。海底HVDC送電システムは、洋上で発電された電力を必要な陸上へ効率的に送電することを可能にすることで、これらのプロジェクトにおいて重要な役割を果たしています。また、送電にHVDCシステムを使用するなど、クリーンで排出ガスを出さないエネルギー源を使用する方向へとシフトしています。さらに、HVDC電源を利用した再生可能エネルギーの送電のための新しいプロジェクトが世界中で承認されつつあります。電力消費量は、商業、工業、住宅の各分野で大幅に増加しています。これに加えて、その卓越した制御性と互換性により、送電網の安定性と再生可能エネルギー・システムに高電圧直流送電が広く採用されていることも、世界市場を拡大しています。例えば、TenneTは2022年2月、980MWの高圧直流BorWin6プロジェクトについて、McDermott Internationalに過去最大の再生可能エネルギー契約を付与しました。このプロジェクトでは、ドイツのNorth Sea Cluster 7 platformでHVDCオフショアコンバータプラットフォームの製作、製造、設置、試運転が行われました。
目次
第1章 序文
第2章 調査範囲と調査手法
- 調査目的
- 利害関係者
- データ情報源
- 市場推定
- 調査手法
第3章 エグゼクティブサマリー
第4章 イントロダクション
- 概要
- 主要産業動向
第5章 世界のHVDC送電システム市場
- 市場概要
- 市場実績
- COVID-19の影響
- 市場予測
第6章 市場内訳：コンポーネント別
- コンバーターステーション
- 伝送媒体（ケーブル）
第7章 市場内訳：送電タイプ別
- 海底HVDC送電システム
- HVDC架空送電システム
- HVDC地中送電システム
第8章 市場内訳：技術別
- コンデンサ整流コンバータ（CCC）
- 電圧源コンバータ（VSC）
- ライン整流コンバーター（LCC）
第9章 市場内訳：プロジェクトタイプ別
- Point-to-Point
- Back-to-Back
- マルチターミナル
第10章 市場内訳：用途別
- バルク送電
- 相互接続グリッド
- インフィード都市部
第11章 市場内訳：地域別
- 北米
- 米国
- カナダ
- アジア太平洋
- 中国
- 日本
- インド
- 韓国
- オーストラリア
- インドネシア
- その他
- 欧州
- ドイツ
- フランス
- 英国
- イタリア
- スペイン
- ロシア
- その他
- ラテンアメリカ
- ブラジル
- メキシコ
- その他
- 中東・アフリカ
第12章 SWOT分析
- 概要
- 強み
- 弱み
- 機会
- 脅威
第13章 バリューチェーン分析
第14章 ポーターのファイブフォース分析
- 概要
- 買い手の交渉力
- 供給企業の交渉力
- 競合の程度
- 新規参入業者の脅威
- 代替品の脅威
第15章 価格分析
第16章 競合情勢
- 市場構造
- 主要企業
- 主要企業のプロファイル
- ABB Ltd.
- General Electric Company
- Hitachi Ltd.
- LS ELECTRIC Co. Ltd.
- Mitsubishi Electric Corporation
- Nexans S.A.
- NKT A/S
- NR Electric Co. Ltd.
- Prysmian Group
- Siemens AG
- Toshiba Corporation
List of Figures
- Figure 1: Global: HVDC Transmission Systems Market: Major Drivers and Challenges
- Figure 2: Global: HVDC Transmission Systems Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: HVDC Transmission Systems Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: HVDC Transmission Systems Market: Breakup by Component (in %), 2023
- Figure 5: Global: HVDC Transmission Systems Market: Breakup by Transmission Type (in %), 2023
- Figure 6: Global: HVDC Transmission Systems Market: Breakup by Technology (in %), 2023
- Figure 7: Global: HVDC Transmission Systems Market: Breakup by Project Type (in %), 2023
- Figure 8: Global: HVDC Transmission Systems Market: Breakup by Application (in %), 2023
- Figure 9: Global: HVDC Transmission Systems Market: Breakup by Region (in %), 2023
- Figure 10: Global: HVDC Transmission Systems (Converter Stations) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: HVDC Transmission Systems (Converter Stations) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: HVDC Transmission Systems (Transmission Medium-Cables) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: HVDC Transmission Systems (Transmission Medium-Cables) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: HVDC Transmission Systems (Submarine HVDC Transmission System) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: HVDC Transmission Systems (Submarine HVDC Transmission System) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: HVDC Transmission Systems (HVDC Overhead Transmission System) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: HVDC Transmission Systems (HVDC Overhead Transmission System) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: HVDC Transmission Systems (HVDC Underground Transmission System) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: HVDC Transmission Systems (HVDC Underground Transmission System) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: HVDC Transmission Systems (Capacitor Commutated Converter-CCC) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: HVDC Transmission Systems (Capacitor Commutated Converter-CCC) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: HVDC Transmission Systems (Voltage Source Converter-VSC) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: HVDC Transmission Systems (Voltage Source Converter-VSC) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: HVDC Transmission Systems (Line Commutated Converter-LCC) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: HVDC Transmission Systems (Line Commutated Converter-LCC) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Global: HVDC Transmission Systems (Point-to-Point) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Global: HVDC Transmission Systems (Point-to-Point) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: Global: HVDC Transmission Systems (Back-to-Back) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: Global: HVDC Transmission Systems (Back-to-Back) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Global: HVDC Transmission Systems (Multi-terminal) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Global: HVDC Transmission Systems (Multi-terminal) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Global: HVDC Transmission Systems (Bulk Power Transmission) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Global: HVDC Transmission Systems (Bulk Power Transmission) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Global: HVDC Transmission Systems (Interconnecting Grids) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Global: HVDC Transmission Systems (Interconnecting Grids) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: Global: HVDC Transmission Systems (Infeed Urban Areas) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: Global: HVDC Transmission Systems (Infeed Urban Areas) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: North America: HVDC Transmission Systems Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: North America: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: United States: HVDC Transmission Systems Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: United States: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: Canada: HVDC Transmission Systems Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: Canada: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: Asia-Pacific: HVDC Transmission Systems Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: Asia-Pacific: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: China: HVDC Transmission Systems Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: China: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: Japan: HVDC Transmission Systems Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: Japan: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: India: HVDC Transmission Systems Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: India: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: South Korea: HVDC Transmission Systems Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: South Korea: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: Australia: HVDC Transmission Systems Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: Australia: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: Indonesia: HVDC Transmission Systems Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: Indonesia: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: Others: HVDC Transmission Systems Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: Others: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Europe: HVDC Transmission Systems Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Europe: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: Germany: HVDC Transmission Systems Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: Germany: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: France: HVDC Transmission Systems Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: France: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: United Kingdom: HVDC Transmission Systems Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: United Kingdom: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Italy: HVDC Transmission Systems Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Italy: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Spain: HVDC Transmission Systems Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Spain: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Russia: HVDC Transmission Systems Market: Sales Value (in Million US$), 2018 & 2023
- Figure 73: Russia: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 74: Others: HVDC Transmission Systems Market: Sales Value (in Million US$), 2018 & 2023
- Figure 75: Others: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 76: Latin America: HVDC Transmission Systems Market: Sales Value (in Million US$), 2018 & 2023
- Figure 77: Latin America: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 78: Brazil: HVDC Transmission Systems Market: Sales Value (in Million US$), 2018 & 2023
- Figure 79: Brazil: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 80: Mexico: HVDC Transmission Systems Market: Sales Value (in Million US$), 2018 & 2023
- Figure 81: Mexico: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 82: Others: HVDC Transmission Systems Market: Sales Value (in Million US$), 2018 & 2023
- Figure 83: Others: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 84: Middle East and Africa: HVDC Transmission Systems Market: Sales Value (in Million US$), 2018 & 2023
- Figure 85: Middle East and Africa: HVDC Transmission Systems Market: Breakup by Country (in %), 2023
- Figure 86: Middle East and Africa: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 87: Global: HVDC Transmission Systems Industry: SWOT Analysis
- Figure 88: Global: HVDC Transmission Systems Industry: Value Chain Analysis
- Figure 89: Global: HVDC Transmission Systems Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: HVDC Transmission Systems Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: HVDC Transmission Systems Market Forecast: Breakup by Component (in Million US$), 2024-2032
- Table 3: Global: HVDC Transmission Systems Market Forecast: Breakup by Transmission Type (in Million US$), 2024-2032
- Table 4: Global: HVDC Transmission Systems Market Forecast: Breakup by Technology (in Million US$), 2024-2032
- Table 5: Global: HVDC Transmission Systems Market Forecast: Breakup by Project Type (in Million US$), 2024-2032
- Table 6: Global: HVDC Transmission Systems Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 7: Global: HVDC Transmission Systems Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 8: Global: HVDC Transmission Systems Market: Competitive Structure
- Table 9: Global: HVDC Transmission Systems Market: Key Players
The global HVDC transmission systems market size reached US$ 11.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 22.7 Billion by 2032, exhibiting a growth rate (CAGR) of 8.04% during 2024-2032. The market growth is driven by the increasing focus of key players on grid modernization and the widespread adoption of renewable energy sources, such as wind and solar power.
Global HVDC Transmission Systems Market Analysis:
Major Market Drivers: The rising need for grid expansion and interconnection, the growing urbanization and industrialization levels, favorable government initiatives and policies, and the increasing advancement of technology are some of the major factors driving the market growth.
Key Market Trends: The growing trend of automation in HVDC systems and the inflating adoption of electric vehicles to reduce carbon footprints are fueling the HVDC transmission systems market growth. Governments and utilities are investing in grid modernization initiatives, including the deployment of HVDC transmission systems, to improve the efficiency, reliability, and flexibility of power grids. These initiatives are expected to propel the growth of the HVDC transmission systems market.
Geographical Trends: According to the HVDC transmission systems market outlook, Europe acquires the dominant share. The growth of the region is driven by several factors, such as the increasing demand for renewable energy integration, grid modernization initiatives by government bodies, and the need for long-distance transmission of electricity.
Competitive Landscape: Some of the major market players in the HVDC transmission systems industry include ABB Ltd., General Electric Company, Hitachi Ltd., LS ELECTRIC Co. Ltd., Mitsubishi Electric Corporation, Nexans S.A., NKT A/S, NR Electric Co. Ltd., Prysmian Group, Siemens AG, and Toshiba Corporation, among many others.
Challenges and Opportunities: The complexity of installation, high initial cost, regulatory and permitting hurdles, and technological limitations are some of the challenges hindering the HVDC transmission system market growth. However, ongoing technological advancements in HVDC transmission systems, such as the development of VSC-based systems and innovations in converter technology, present opportunities for improved efficiency, reliability, and flexibility.
Global HVDC Transmission Systems Market Trends:
Growing Demand for Electricity
The growing population is inflating the electricity requirements, which is one of the key factors driving the HVDC transmission systems market demand. For instance, according to the United Nations, the population across the globe is anticipated to increase by nearly 2 billion in the coming 30 years and could reach 9.7 billion in 2050. Moreover, according to IEA, the demand for electricity across the world is anticipated to increase at a faster rate over the coming three years, growing at 3.4% annually through 2026. HVDC transmission systems are more efficient than traditional high voltage alternating current (HVAC) systems for transmitting electricity over long distances. This makes them ideal for transmitting power from remote power plants, such as hydroelectric or wind farms, to urban centers. As electricity demand grows, there is a need to expand and interconnect regional and national grids. HVDC transmission systems can help to facilitate grid expansion and interconnection by enabling the transmission of large amounts of electricity over long distances without significant losses. In many areas, data centers are a major factor contributing to the rise in electricity demand. For instance, according to IEA, Data centers may use more than one thousand terawatt-hours (TWh) of power in 2026. These factors are further adding to the HVDC transmission system market revenue.
Emergence of Submarine HVDC Transmission System
The emergence of submarine HVDC transmission systems represents a significant development in the field of electrical power transmission. Submarine HVDC transmission systems are used to transmit large amounts of electrical power underwater, typically over long distances, with high efficiency and reliability. The escalating focus on power trading between countries is propelling the demand for submarine electricity transmission. Moreover, offshore wind platforms also use the HVDC undersea power transmission system to send power to the coast. For instance, according to the Global Wind Energy Council, 64 GW of offshore wind was generated globally in 2022, which grew at a pace of 14% annually over the previous year.
Rising Demand for Renewable sources
As countries and regions strive to reduce their carbon footprints and focus on transitioning towards more sustainable energy sources, there has been a significant increase in the development of offshore renewable energy projects, such as offshore wind farms. Submarine HVDC transmission systems play a crucial role in these projects by enabling the efficient transmission of electricity generated offshore to onshore locations where it is needed. Also, there has been a shift towards using clean, emission-free energy sources, such as HVDC systems for electricity transmission. Additionally, new projects are being approved worldwide for the transmission of renewable energy by using HVDC power supplies. Power consumption has increased significantly in the commercial, industrial, and residential domains. Besides this, the widespread adoption of high-voltage DC transmissions in grid stability and renewable energy systems, owing to their exceptional controllability and compatibility, is also augmenting the global market. For instance, TenneT granted McDermott International the largest-ever renewable energy contract in February 2022 for the 980 MW high-voltage direct current BorWin6 project. The project involved creating, producing, setting up, and commissioning an HVDC offshore converter platform on the North Sea Cluster 7 platform in Germany.
HVDC Transmission Systems Industry Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on component, transmission type, technology, project type, and application.
Breakup by Component:
Converter Stations
Transmission Medium (Cables)
Currently, converter stations hold the majority of the total market share
The report has provided a detailed breakup and analysis of the market based on the component. This includes converter stations and transmission medium (cables). According to the report, converter stations account for the majority of the global market share.
According to the HVDC transmission systems market analysis, converter stations hold the dominant share in the HVDC transmission systems market growth. Converter stations play a crucial role in high-voltage direct current (HVDC) transmission systems, facilitating the efficient conversion of alternating current (AC) to direct current (DC) for long-distance electricity transmission and vice versa. These stations are essential components in HVDC infrastructures and are integral to the functioning of HVDC transmission systems. The market for converter stations in HVDC transmission systems is influenced by various factors, including technological advancements, government policies, energy demand, and investment in infrastructure.
Breakup by Transmission Type:
Submarine HVDC Transmission System
HVDC Overhead Transmission System
HVDC Underground Transmission System
Submarine HVDC transmission system currently acquires the major share
The report has provided a detailed breakup and analysis of the market based on the transmission type. This includes submarine HVDC transmission system, HVDC overhead transmission system, and HVDC underground transmission system. According to the report, submarine HVDC transmission system accounts for the majority of the global market share.
Submarine HVDC transmission systems employ submarine cables to connect offshore renewable energy sources, such as offshore wind farms, to onshore power grids, or interconnect power grids across water bodies. These systems provide better voltage stability over long transmission distances, making them suitable for interconnecting distant power grids or offshore renewable energy installations. For instance, according to the Global Wind Energy Council, 64 GW of offshore wind was generated globally in 2022, which grew at a pace of 14% annually over the previous year.
Breakup by Technology:
Capacitor Commutated Converter (CCC)
Voltage Source Converter (VSC)
Line Commutated Converter (LCC)
The report has provided a detailed breakup and analysis of the market based on the technology. This includes capacitor commutated converter (CCC), voltage source converter (VSC), and line commutated converter (LCC).
Capacitor commutated converter (CCC), voltage source converter (VSC), and line commutated converter (LCC) are used for converting alternating current (AC) from the power grid to direct current (DC) for transmission. The choice of converter technology depends on factors, such as project requirements, grid characteristics, cost considerations, technological advancements, etc.
Breakup by Project Type:
Point-to-Point
Back-to-Back
Multi-terminal
The report has provided a detailed breakup and analysis of the market based on the project type. This includes point-to-point, back-to-back, and multi-terminal.
In high-voltage direct current (HVDC) transmission systems, point-to-point, back-to-back, and multi-terminal configurations are used to facilitate the efficient transmission of electrical power over long distances or between interconnected grids.
Breakup by Application:
Bulk Power Transmission
Interconnecting Grids
Infeed Urban Areas
The report has provided a detailed breakup and analysis of the market based on the application. This includes bulk power transmission, interconnecting grids, infeed urban areas.
High voltage direct current (HVDC) transmission systems are used in various applications due to their ability to efficiently transmit large amounts of electricity over long distances with minimal losses.
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Europe currently dominates the market for largest HVDC transmission systems market share
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe accounts for the largest share is the overall market.
The growing penetration towards the adoption of renewable energy is fueling the demand for HVDC transmission system in Europe. Besides this, various countries in Europe, including Germany, Spain, and France, are significantly moving towards the low carbon economy, owing to surging environmental concerns. The increasing adoption of various policies, such as EU's renewable energy directive and national renewable action plants, is expected to proliferate the overall market growth. For instance, TenneT began construction on the offshore IJmuiden Ver wind area by the end of 2022. It also initiated the tender for the platform and HVDC system for the offshore Dutch IJmuiden Ver projects. Furthermore, the project is anticipated to be put into service by 2028.
Leading Key Players in the HVDC Transmission Systems Industry:
The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:
ABB Ltd.
General Electric Company
Hitachi Ltd.
LS ELECTRIC Co. Ltd.
Mitsubishi Electric Corporation
Nexans S.A.
NKT A/S
NR Electric Co. Ltd.
Prysmian Group
Siemens AG
Toshiba Corporation
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
Global HVDC Transmission Systems Market News:
February 2024: Hitachi Energy gave the contract to modernize the control and protection systems of the EstLink 1 high-voltage direct current (HVDC) transmission system for Fingrid and Elering, the transmission system operators in Finland and Estonia.
January 2024: DNV initiated a Join Industry Project with ten offshore wind and transmission developers to determine the necessary standardized and electrical standardizing adjustments to allow high voltage direct current (HVDC) transmission to be connected to the US grid. The members of JIP include Atlantic Shores Offshore Wind, DNV, EDF Renewables, Equinor, Invenergy, National Grid Ventures, Ocean Winds, PPL Translink WindGrid, Rwe, Shell, and TotalEnergies.
December 2023: National Grid Electricity Transmission and SP Transmission, a division of SP Energy Networks (SPEN), was given the contract of a £1 Billion to GE Vernova's Grid Solutions business and MYTILINEOS Energy & Metals for the construction of the first high-capacity east coast subsea link in the United Kingdom.
Key Questions Answered in This Report
- 1. What was the size of the global HVDC transmission systems market in 2023?
- 2. What is the expected growth rate of the global HVDC transmission systems market during 2024-2032?
- 3. What are the key factors driving the global HVDC transmission systems market?
- 4. What has been the impact of COVID-19 on the global HVDC transmission systems market?
- 5. What is the breakup of the global HVDC transmission systems market based on the component?
- 6. What is the breakup of the global HVDC transmission systems market based on the transmission type?
- 7. What are the key regions in the global HVDC transmission systems market?
- 8. Who are the key players/companies in the global HVDC transmission systems market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global HVDC Transmission Systems Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 Converter Stations
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Transmission Medium (Cables)
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Transmission Type
- 7.1 Submarine HVDC Transmission System
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 HVDC Overhead Transmission System
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 HVDC Underground Transmission System
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Technology
- 8.1 Capacitor Commutated Converter (CCC)
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Voltage Source Converter (VSC)
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Line Commutated Converter (LCC)
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Project Type
- 9.1 Point-to-Point
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Back-to-Back
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Multi-terminal
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
10 Market Breakup by Application
- 10.1 Bulk Power Transmission
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Interconnecting Grids
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Infeed Urban Areas
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
11 Market Breakup by Region
- 11.1 North America
- 11.1.1 United States
- 11.1.1.1 Market Trends
- 11.1.1.2 Market Forecast
- 11.1.2 Canada
- 11.1.2.1 Market Trends
- 11.1.2.2 Market Forecast
- 11.1.1 United States
- 11.2 Asia-Pacific
- 11.2.1 China
- 11.2.1.1 Market Trends
- 11.2.1.2 Market Forecast
- 11.2.2 Japan
- 11.2.2.1 Market Trends
- 11.2.2.2 Market Forecast
- 11.2.3 India
- 11.2.3.1 Market Trends
- 11.2.3.2 Market Forecast
- 11.2.4 South Korea
- 11.2.4.1 Market Trends
- 11.2.4.2 Market Forecast
- 11.2.5 Australia
- 11.2.5.1 Market Trends
- 11.2.5.2 Market Forecast
- 11.2.6 Indonesia
- 11.2.6.1 Market Trends
- 11.2.6.2 Market Forecast
- 11.2.7 Others
- 11.2.7.1 Market Trends
- 11.2.7.2 Market Forecast
- 11.2.1 China
- 11.3 Europe
- 11.3.1 Germany
- 11.3.1.1 Market Trends
- 11.3.1.2 Market Forecast
- 11.3.2 France
- 11.3.2.1 Market Trends
- 11.3.2.2 Market Forecast
- 11.3.3 United Kingdom
- 11.3.3.1 Market Trends
- 11.3.3.2 Market Forecast
- 11.3.4 Italy
- 11.3.4.1 Market Trends
- 11.3.4.2 Market Forecast
- 11.3.5 Spain
- 11.3.5.1 Market Trends
- 11.3.5.2 Market Forecast
- 11.3.6 Russia
- 11.3.6.1 Market Trends
- 11.3.6.2 Market Forecast
- 11.3.7 Others
- 11.3.7.1 Market Trends
- 11.3.7.2 Market Forecast
- 11.3.1 Germany
- 11.4 Latin America
- 11.4.1 Brazil
- 11.4.1.1 Market Trends
- 11.4.1.2 Market Forecast
- 11.4.2 Mexico
- 11.4.2.1 Market Trends
- 11.4.2.2 Market Forecast
- 11.4.3 Others
- 11.4.3.1 Market Trends
- 11.4.3.2 Market Forecast
- 11.4.1 Brazil
- 11.5 Middle East and Africa
- 11.5.1 Market Trends
- 11.5.2 Market Breakup by Country
- 11.5.3 Market Forecast
12 SWOT Analysis
- 12.1 Overview
- 12.2 Strengths
- 12.3 Weaknesses
- 12.4 Opportunities
- 12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
- 14.1 Overview
- 14.2 Bargaining Power of Buyers
- 14.3 Bargaining Power of Suppliers
- 14.4 Degree of Competition
- 14.5 Threat of New Entrants
- 14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Key Players
- 16.3 Profiles of Key Players
- 16.3.1 ABB Ltd.
- 16.3.1.1 Company Overview
- 16.3.1.2 Product Portfolio
- 16.3.1.3 Financials
- 16.3.1.4 SWOT Analysis
- 16.3.2 General Electric Company
- 16.3.2.1 Company Overview
- 16.3.2.2 Product Portfolio
- 16.3.2.3 Financials
- 16.3.2.4 SWOT Analysis
- 16.3.3 Hitachi Ltd.
- 16.3.3.1 Company Overview
- 16.3.3.2 Product Portfolio
- 16.3.3.3 Financials
- 16.3.3.4 SWOT Analysis
- 16.3.4 LS ELECTRIC Co. Ltd.
- 16.3.4.1 Company Overview
- 16.3.4.2 Product Portfolio
- 16.3.4.3 Financials
- 16.3.4.4 SWOT Analysis
- 16.3.5 Mitsubishi Electric Corporation
- 16.3.5.1 Company Overview
- 16.3.5.2 Product Portfolio
- 16.3.5.3 Financials
- 16.3.5.4 SWOT Analysis
- 16.3.6 Nexans S.A.
- 16.3.6.1 Company Overview
- 16.3.6.2 Product Portfolio
- 16.3.6.3 Financials
- 16.3.6.4 SWOT Analysis
- 16.3.7 NKT A/S
- 16.3.7.1 Company Overview
- 16.3.7.2 Product Portfolio
- 16.3.7.3 Financials
- 16.3.8 NR Electric Co. Ltd.
- 16.3.8.1 Company Overview
- 16.3.8.2 Product Portfolio
- 16.3.9 Prysmian Group
- 16.3.9.1 Company Overview
- 16.3.9.2 Product Portfolio
- 16.3.9.3 Financials
- 16.3.9.4 SWOT Analysis
- 16.3.10 Siemens AG
- 16.3.10.1 Company Overview
- 16.3.10.2 Product Portfolio
- 16.3.10.3 Financials
- 16.3.10.4 SWOT Analysis
- 16.3.11 Toshiba Corporation
- 16.3.11.1 Company Overview
- 16.3.11.2 Product Portfolio
- 16.3.11.3 Financials
- 16.3.11.4 SWOT Analysis
- 16.3.1 ABB Ltd.
