High Voltage Direct Current Transmission Market

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.

High Voltage Direct Current Transmission Market contains market size and forecasts of High Voltage Direct Current (HVDC) Transmission in Global, including the following market information:

Global High Voltage Direct Current (HVDC) Transmission Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global High Voltage Direct Current (HVDC) Transmission market was valued at 9370.1 million in 2021 and is projected to reach US$ 14820 million by 2028, at a CAGR of 6.8% during the forecast period 2022-2028.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Less than 400 KV Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of High Voltage Direct Current (HVDC) Transmission include Hitachi ABB Power Grids, Siemens, Prysmian Group, XD Group, GE Grid Solution, TBEA, Xuji Group, Nexans and NKT, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the High Voltage Direct Current (HVDC) Transmission 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 High Voltage Direct Current (HVDC) Transmission Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global High Voltage Direct Current (HVDC) Transmission Market Segment Percentages, by Type, 2021 (%)

Less than 400 KV

400-800 KV

Above 800 KV

Global High Voltage Direct Current (HVDC) Transmission Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global High Voltage Direct Current (HVDC) Transmission Market Segment Percentages, by Application, 2021 (%)

Overhead Transmission

Underground Transmission

Subsea Transmission

Global High Voltage Direct Current (HVDC) Transmission Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global High Voltage Direct Current (HVDC) Transmission Market Segment Percentages, By Region and Country, 2021 (%)

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 High Voltage Direct Current (HVDC) Transmission revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies High Voltage Direct Current (HVDC) Transmission revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

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