HVDC referred to as high voltage direct current which is a potential technology for bulk power transmission over long distances, with lower electrical losses and higher efficiency. It offers precise and instant control of the power flow. Once installed, it becomes an important part of the electrical power systems and improves reliability, stability, and transmission capacity. There are several factors contributing to market growth, such as rapid industrialization across the globe and significant demand for renewable energy sources. Rapid industrialization across the globe has been reported due to government initiatives for domestic manufacturing of goods. For instance, Made in China is an initiative aimed to make China leader in global high-tech manufacturing. CCP (Chinese Communist Party) has taken steps to shift focus towards significant production of energy, mining products, and consumer goods such as footwear and clothing, which constitute almost half of the country’s economy.
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Geographically, the global HVDC transmission market is further segmented into four major regions, such as North America, Europe, Asia-Pacific, and RoW. Rising electricity consumption, a significant rise in power transmission projects and growing demand for VSC HVDC transmission systems are supporting the market growth in these regions.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
HVDC Transmission Market- Segmentation
By Type
- Point-to-Point System
- Back-to-Back System
- Multi Terminal System
By Technology
- Voltage Source Converter (VSC)
- Line Commutated Converters (LCC)
By Application
- Bulk Power Transmission
- Interconnecting Grids
- Infeed Urban Areas
HVDC Transmission Market- Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
The Report Covers
- Annualized market revenues ($ billion) for each market segment.
- Market value data analysis from 2018 to 2019 and forecast to 2025.
- Company share and market share data for global HVDC transmission market.
- Global corporate-level profiles of key companies operating within the global HVDC transmission market. Based on the availability of data for the category and country, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
- Investment strategies by identifying the key market segments expected to register strong growth in the near future.
- Understand the key distribution channels and identifying the most preferred mode of product distribution.
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