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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.
LPI (LP Information)' newest research report, the "High Voltage Direct Current (HVDC) Transmission Industry Forecast" looks at past sales and reviews total world High Voltage Direct Current (HVDC) Transmission sales in 2022, providing a comprehensive analysis by region and market sector of projected High Voltage Direct Current (HVDC) Transmission sales for 2023 through 2029. With High Voltage Direct Current (HVDC) Transmission sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world High Voltage Direct Current (HVDC) Transmission industry.
This Insight Report provides a comprehensive analysis of the global High Voltage Direct Current (HVDC) Transmission landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on High Voltage Direct Current (HVDC) Transmission portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global High Voltage Direct Current (HVDC) Transmission market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for High Voltage Direct Current (HVDC) Transmission and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global High Voltage Direct Current (HVDC) Transmission.
The global High Voltage Direct Current (HVDC) Transmission market size is projected to grow from US$ 8908.4 million in 2022 to US$ 14620 million in 2029; it is expected to grow at a CAGR of 7.3% from 2023 to 2029.
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%.
This report presents a comprehensive overview, market shares, and growth opportunities of High Voltage Direct Current (HVDC) Transmission market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
- Less than 400 KV
- 400-800 KV
- Above 800 KV
Segmentation by application
- Overhead Transmission
- Underground Transmission
- Subsea Transmission
This report also splits the market by region:
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- 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