HVDC Transmission System Market

HVDC Transmission System 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.

HVDC Transmission System Market contains market size and forecasts of HVDC Transmission System in Global, including the following market information:

Global HVDC Transmission System Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global HVDC Transmission System market was valued at 9179.3 million in 2021 and is projected to reach US$ 14270 million by 2028, at a CAGR of 6.5% during the forecast period.

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

Below 400 kV Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of HVDC Transmission System include ABB, Siemens, XD, NR Electric, GE Grid Solution, NKT, TBEA, XJ Group Corporation and Hitachi ABB Power Grids, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the HVDC Transmission System 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 HVDC Transmission System Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global HVDC Transmission System Market Segment Percentages, by Type, 2021 (%)

Below 400 kV

Between 400-800 kV

Above 800 kV

Global HVDC Transmission System Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global HVDC Transmission System Market Segment Percentages, by Application, 2021 (%)

Overhead Transmission

Underground Transmission

Subsea Transmission

Global HVDC Transmission System Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global HVDC Transmission System 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 HVDC Transmission System revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies HVDC Transmission System revenues share in global market, 2021 (%)

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

ABB

Siemens

XD

NR Electric

GE Grid Solution

NKT

TBEA

XJ Group Corporation

Hitachi ABB Power Grids

Nexans

Toshiba

Mitsubishi Electric

Abengoa

Prysmian Group

China XD Group