HVDC Transmission 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.
Market Analysis and Insights: Global High Voltage Direct Current (HVDC) Transmission Market
The global High Voltage Direct Current (HVDC) Transmission market size is projected to reach US$ 14750 million by 2028, from US$ 9106.5 million in 2021, at a CAGR of 7.1% during 2022-2028.
Global key players of high voltage direct current (HVDC) transmission include Hitachi ABB Power Grids, Siemens, Prysmian Group, XD Group and GE Grid Solution, etc. Top 2 players occupy for a share about 45%. Asia-Pacific is the largest market, with a share about 62%, followed by North America and Europe. In terms of product, less than 400 KV is the largest segment, with a share over 56%. In terms of application, overhead transmission is the largest market, with a share over 74%.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global High Voltage Direct Current (HVDC) Transmission market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global High Voltage Direct Current (HVDC) Transmission market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global High Voltage Direct Current (HVDC) Transmission market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global High Voltage Direct Current (HVDC) Transmission market.
Global High Voltage Direct Current (HVDC) Transmission Scope and Market Size
High Voltage Direct Current (HVDC) Transmission market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global High Voltage Direct Current (HVDC) Transmission market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
- Less than 400 KV
- 400-800 KV
- Above 800 KV
Segment by Application
- Overhead Transmission
- Underground Transmission
- Subsea Transmission
By Company
- 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
By Region
- North America
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Nordic Countries
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
TABLE OF CONTENTS
1 Report Business Overview
- 1.1 Study Scope
- 1.2 Market Analysis by Type
- 1.2.1 Global High Voltage Direct Current (HVDC) Transmission Market Size Growth Rate by Type, 2017 VS 2021 VS 2028
- 1.2.2 Less than 400 KV
- 1.2.3 400-800 KV
- 1.2.4 Above 800 KV
- 1.3 Market by Application
- 1.3.1 Global High Voltage Direct Current (HVDC) Transmission Market Size Growth Rate by Application, 2017 VS 2021 VS 2028
- 1.3.2 Overhead Transmission
- 1.3.3 Underground Transmission
- 1.3.4 Subsea Transmission
- 1.4 Study Objectives
- 1.5 Years Considered
2 Global Growth Trends
- 2.1 Global High Voltage Direct Current (HVDC) Transmission Market Perspective (2017-2028)
- 2.2 High Voltage Direct Current (HVDC) Transmission Growth Trends by Region
- 2.2.1 High Voltage Direct Current (HVDC) Transmission Market Size by Region: 2017 VS 2021 VS 2028
- 2.2.2 High Voltage Direct Current (HVDC) Transmission Historic Market Size by Region (2017-2022)
- 2.2.3 High Voltage Direct Current (HVDC) Transmission Forecasted Market Size by Region (2023-2028)
- 2.3 High Voltage Direct Current (HVDC) Transmission Market Dynamics
- 2.3.1 High Voltage Direct Current (HVDC) Transmission Industry Trends
- 2.3.2 High Voltage Direct Current (HVDC) Transmission Market Drivers
- 2.3.3 High Voltage Direct Current (HVDC) Transmission Market Challenges
- 2.3.4 High Voltage Direct Current (HVDC) Transmission Market Restraints
3 Competition Landscape by Key Players
- 3.1 Global Top High Voltage Direct Current (HVDC) Transmission Players by Revenue
- 3.1.1 Global Top High Voltage Direct Current (HVDC) Transmission Players by Revenue (2017-2022)
- 3.1.2 Global High Voltage Direct Current (HVDC) Transmission Revenue Market Share by Players (2017-2022)
- 3.2 Global High Voltage Direct Current (HVDC) Transmission Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
- 3.3 Players Covered: Ranking by High Voltage Direct Current (HVDC) Transmission Revenue
- 3.4 Global High Voltage Direct Current (HVDC) Transmission Market Concentration Ratio
- 3.4.1 Global High Voltage Direct Current (HVDC) Transmission Market Concentration Ratio (CR5 and HHI)
- 3.4.2 Global Top 10 and Top 5 Companies by High Voltage Direct Current (HVDC) Transmission Revenue in 2021
- 3.5 High Voltage Direct Current (HVDC) Transmission Key Players Head office and Area Served
- 3.6 Key Players High Voltage Direct Current (HVDC) Transmission Product Solution and Service
- 3.7 Date of Enter into High Voltage Direct Current (HVDC) Transmission Market
- 3.8 Mergers & Acquisitions, Expansion Plans
4 High Voltage Direct Current (HVDC) Transmission Breakdown Data by Type
- 4.1 Global High Voltage Direct Current (HVDC) Transmission Historic Market Size by Type (2017-2022)
- 4.2 Global High Voltage Direct Current (HVDC) Transmission Forecasted Market Size by Type (2023-2028)
5 High Voltage Direct Current (HVDC) Transmission Breakdown Data by Application
- 5.1 Global High Voltage Direct Current (HVDC) Transmission Historic Market Size by Application (2017-2022)
- 5.2 Global High Voltage Direct Current (HVDC) Transmission Forecasted Market Size by Application (2023-2028)
6 North America
- 6.1 North America High Voltage Direct Current (HVDC) Transmission Market Size (2017-2028)
- 6.2 North America High Voltage Direct Current (HVDC) Transmission Market Size by Type
- 6.2.1 North America High Voltage Direct Current (HVDC) Transmission Market Size by Type (2017-2022)
- 6.2.2 North America High Voltage Direct Current (HVDC) Transmission Market Size by Type (2023-2028)
- 6.2.3 North America High Voltage Direct Current (HVDC) Transmission Market Share by Type (2017-2028)
- 6.3 North America High Voltage Direct Current (HVDC) Transmission Market Size by Application
- 6.3.1 North America High Voltage Direct Current (HVDC) Transmission Market Size by Application (2017-2022)
- 6.3.2 North America High Voltage Direct Current (HVDC) Transmission Market Size by Application (2023-2028)
- 6.3.3 North America High Voltage Direct Current (HVDC) Transmission Market Share by Application (2017-2028)
- 6.4 North America High Voltage Direct Current (HVDC) Transmission Market Size by Country
- 6.4.1 North America High Voltage Direct Current (HVDC) Transmission Market Size by Country (2017-2022)
- 6.4.2 North America High Voltage Direct Current (HVDC) Transmission Market Size by Country (2023-2028)
- 6.4.3 United States
- 6.4.4 Canada
7 Europe
- 7.1 Europe High Voltage Direct Current (HVDC) Transmission Market Size (2017-2028)
- 7.2 Europe High Voltage Direct Current (HVDC) Transmission Market Size by Type
- 7.2.1 Europe High Voltage Direct Current (HVDC) Transmission Market Size by Type (2017-2022)
- 7.2.2 Europe High Voltage Direct Current (HVDC) Transmission Market Size by Type (2023-2028)
- 7.2.3 Europe High Voltage Direct Current (HVDC) Transmission Market Share by Type (2017-2028)
- 7.3 Europe High Voltage Direct Current (HVDC) Transmission Market Size by Application
- 7.3.1 Europe High Voltage Direct Current (HVDC) Transmission Market Size by Application (2017-2022)
- 7.3.2 Europe High Voltage Direct Current (HVDC) Transmission Market Size by Application (2023-2028)
- 7.3.3 Europe High Voltage Direct Current (HVDC) Transmission Market Share by Application (2017-2028)
- 7.4 Europe High Voltage Direct Current (HVDC) Transmission Market Size by Country
- 7.4.1 Europe High Voltage Direct Current (HVDC) Transmission Market Size by Country (2017-2022)
- 7.4.2 Europe High Voltage Direct Current (HVDC) Transmission Market Size by Country (2023-2028)
- 7.4.3 Germany
- 7.4.4 France
- 7.4.5 U.K.
- 7.4.6 Italy
- 7.4.7 Russia
- 7.4.8 Nordic Countries
8 Asia-Pacific
- 8.1 Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market Size (2017-2028)
- 8.2 Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market Size by Type
- 8.2.1 Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market Size by Type (2017-2022)
- 8.2.2 Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market Size by Type (2023-2028)
- 8.2.3 Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market Share by Type (2017-2028)
- 8.3 Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market Size by Application
- 8.3.1 Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market Size by Application (2017-2022)
- 8.3.2 Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market Size by Application (2023-2028)
- 8.3.3 Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market Share by Application (2017-2028)
- 8.4 Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market Size by Region
- 8.4.1 Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market Size by Region (2017-2022)
- 8.4.2 Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market Size by Region (2023-2028)
- 8.4.3 China
- 8.4.4 Japan
- 8.4.5 South Korea
- 8.4.6 Southeast Asia
- 8.4.7 India
- 8.4.8 Australia
9 Latin America
- 9.1 Latin America High Voltage Direct Current (HVDC) Transmission Market Size (2017-2028)
- 9.2 Latin America High Voltage Direct Current (HVDC) Transmission Market Size by Type
- 9.2.1 Latin America High Voltage Direct Current (HVDC) Transmission Market Size by Type (2017-2022)
- 9.2.2 Latin America High Voltage Direct Current (HVDC) Transmission Market Size by Type (2023-2028)
- 9.2.3 Latin America High Voltage Direct Current (HVDC) Transmission Market Share by Type (2017-2028)
- 9.3 Latin America High Voltage Direct Current (HVDC) Transmission Market Size by Application
- 9.3.1 Latin America High Voltage Direct Current (HVDC) Transmission Market Size by Application (2017-2022)
- 9.3.2 Latin America High Voltage Direct Current (HVDC) Transmission Market Size by Application (2023-2028)
- 9.3.3 Latin America High Voltage Direct Current (HVDC) Transmission Market Share by Application (2017-2028)
- 9.4 Latin America High Voltage Direct Current (HVDC) Transmission Market Size by Country
- 9.4.1 Latin America High Voltage Direct Current (HVDC) Transmission Market Size by Country (2017-2022)
- 9.4.2 Latin America High Voltage Direct Current (HVDC) Transmission Market Size by Country (2023-2028)
- 9.4.3 Mexico
- 9.4.4 Brazil
10 Middle East & Africa
- 10.1 Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market Size (2017-2028)
- 10.2 Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market Size by Type
- 10.2.1 Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market Size by Type (2017-2022)
- 10.2.2 Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market Size by Type (2023-2028)
- 10.2.3 Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market Share by Type (2017-2028)
- 10.3 Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market Size by Application
- 10.3.1 Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market Size by Application (2017-2022)
- 10.3.2 Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market Size by Application (2023-2028)
- 10.3.3 Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market Share by Application (2017-2028)
- 10.4 Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market Size by Country
- 10.4.1 Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market Size by Country (2017-2022)
- 10.4.2 Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market Size by Country (2023-2028)
- 10.4.3 Turkey
- 10.4.4 Saudi Arabia
- 10.4.5 UAE
11 Key Players Profiles
- 11.1 Hitachi ABB Power Grids
- 11.1.1 Hitachi ABB Power Grids Company Details
- 11.1.2 Hitachi ABB Power Grids Business Overview
- 11.1.3 Hitachi ABB Power Grids High Voltage Direct Current (HVDC) Transmission Introduction
- 11.1.4 Hitachi ABB Power Grids Revenue in High Voltage Direct Current (HVDC) Transmission Business (2017-2022)
- 11.1.5 Hitachi ABB Power Grids Recent Developments
- 11.2 Siemens
- 11.2.1 Siemens Company Details
- 11.2.2 Siemens Business Overview
- 11.2.3 Siemens High Voltage Direct Current (HVDC) Transmission Introduction
- 11.2.4 Siemens Revenue in High Voltage Direct Current (HVDC) Transmission Business (2017-2022)
- 11.2.5 Siemens Recent Developments
- 11.3 Prysmian Group
- 11.3.1 Prysmian Group Company Details
- 11.3.2 Prysmian Group Business Overview
- 11.3.3 Prysmian Group High Voltage Direct Current (HVDC) Transmission Introduction
- 11.3.4 Prysmian Group Revenue in High Voltage Direct Current (HVDC) Transmission Business (2017-2022)
- 11.3.5 Prysmian Group Recent Developments
- 11.4 XD Group
- 11.4.1 XD Group Company Details
- 11.4.2 XD Group Business Overview
- 11.4.3 XD Group High Voltage Direct Current (HVDC) Transmission Introduction
- 11.4.4 XD Group Revenue in High Voltage Direct Current (HVDC) Transmission Business (2017-2022)
- 11.4.5 XD Group Recent Developments
- 11.5 GE Grid Solution
- 11.5.1 GE Grid Solution Company Details
- 11.5.2 GE Grid Solution Business Overview
- 11.5.3 GE Grid Solution High Voltage Direct Current (HVDC) Transmission Introduction
- 11.5.4 GE Grid Solution Revenue in High Voltage Direct Current (HVDC) Transmission Business (2017-2022)
- 11.5.5 GE Grid Solution Recent Developments
- 11.6 TBEA
- 11.6.1 TBEA Company Details
- 11.6.2 TBEA Business Overview
- 11.6.3 TBEA High Voltage Direct Current (HVDC) Transmission Introduction
- 11.6.4 TBEA Revenue in High Voltage Direct Current (HVDC) Transmission Business (2017-2022)
- 11.6.5 TBEA Recent Developments
- 11.7 Xuji Group
- 11.7.1 Xuji Group Company Details
- 11.7.2 Xuji Group Business Overview
- 11.7.3 Xuji Group High Voltage Direct Current (HVDC) Transmission Introduction
- 11.7.4 Xuji Group Revenue in High Voltage Direct Current (HVDC) Transmission Business (2017-2022)
- 11.7.5 Xuji Group Recent Developments
- 11.8 Nexans
- 11.8.1 Nexans Company Details
- 11.8.2 Nexans Business Overview
- 11.8.3 Nexans High Voltage Direct Current (HVDC) Transmission Introduction
- 11.8.4 Nexans Revenue in High Voltage Direct Current (HVDC) Transmission Business (2017-2022)
- 11.8.5 Nexans Recent Developments
- 11.9 NKT
- 11.9.1 NKT Company Details
- 11.9.2 NKT Business Overview
- 11.9.3 NKT High Voltage Direct Current (HVDC) Transmission Introduction
- 11.9.4 NKT Revenue in High Voltage Direct Current (HVDC) Transmission Business (2017-2022)
- 11.9.5 NKT Recent Developments
- 11.10 Toshiba Energy Systems & Solutions
- 11.10.1 Toshiba Energy Systems & Solutions Company Details
- 11.10.2 Toshiba Energy Systems & Solutions Business Overview
- 11.10.3 Toshiba Energy Systems & Solutions High Voltage Direct Current (HVDC) Transmission Introduction
- 11.10.4 Toshiba Energy Systems & Solutions Revenue in High Voltage Direct Current (HVDC) Transmission Business (2017-2022)
- 11.10.5 Toshiba Energy Systems & Solutions Recent Developments
- 11.11 Mitsubishi Electric
- 11.11.1 Mitsubishi Electric Company Details
- 11.11.2 Mitsubishi Electric Business Overview
- 11.11.3 Mitsubishi Electric High Voltage Direct Current (HVDC) Transmission Introduction
- 11.11.4 Mitsubishi Electric Revenue in High Voltage Direct Current (HVDC) Transmission Business (2017-2022)
- 11.11.5 Mitsubishi Electric Recent Developments
- 11.12 NR Electric
- 11.12.1 NR Electric Company Details
- 11.12.2 NR Electric Business Overview
- 11.12.3 NR Electric High Voltage Direct Current (HVDC) Transmission Introduction
- 11.12.4 NR Electric Revenue in High Voltage Direct Current (HVDC) Transmission Business (2017-2022)
- 11.12.5 NR Electric Recent Developments
12 Analyst's Viewpoints/Conclusions
13 Appendix
- 13.1 Research Methodology
- 13.1.1 Methodology/Research Approach
- 13.1.2 Data Source
- 13.2 Author Details
- 13.3 Disclaimer