The Market Reports
Call: +1-631-407-1315 / +91-750-729-1479
Email: sales@themarketreports.com
Global High Voltage Direct Current Electric Power Transmission System Market Research Report 2024
Synopsis
High Voltage Direct Current Electric Power 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.
The global High Voltage Direct Current Electric Power Transmission System market was valued at US$ 9769.2 million in 2023 and is anticipated to reach US$ 15640 million by 2030, witnessing a CAGR of 6.9% during the forecast period 2024-2030.
The key service providers of the High Voltage Direct Current Electric Power Transmission System in the world are Hitachi Energy, Siemens, Prysmian Group, XD Group, GE Grid Solution, TBEA, Xuji Group and Nexans, among which the top three service providers account for more than 50% of the market share, and Hitachi Energy is the largest service provider. The global high voltage direct current electric power transmission system services are mainly distributed in North America, Europe, China and Japan, among which the market share of the top three regions is close to 90%. At present, China is the largest service provider region, followed by Europe. In terms of its service type, the growth rate of systems with voltage above 800KV is relatively fast. At present, the market share of systems with voltage less than 400KV is the highest, more than 50%, followed by systems with voltage between 400KV and 800KV. In terms of its application, overhead transmission is the largest application field, with a market share of more than 70%, followed by subsea transmission and underground transmission.
This report aims to provide a comprehensive presentation of the global market for High Voltage Direct Current Electric Power Transmission System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding High Voltage Direct Current Electric Power Transmission System.
Report Scope
The High Voltage Direct Current Electric Power Transmission System market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global High Voltage Direct Current Electric Power Transmission System market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the High Voltage Direct Current Electric Power Transmission System companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Hitachi Energy
Siemens
Prysmian Group
XD Group
GE Grid Solution
TBEA
Xuji Group
Nexans
NKT
Toshiba Energy Systems & Solutions
Mitsubishi Electric
NR Electric
Segment by Type
Less than 400 KV
400-800 KV
Above 800 KV
Segment by Application
Subsea Transmission
Underground Transmission
Overhead Transmission
By Region
North America
United States
Canada
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
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of High Voltage Direct Current Electric Power Transmission System companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
High Voltage Direct Current Electric Power 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.
The global High Voltage Direct Current Electric Power Transmission System market was valued at US$ 9769.2 million in 2023 and is anticipated to reach US$ 15640 million by 2030, witnessing a CAGR of 6.9% during the forecast period 2024-2030.
The key service providers of the High Voltage Direct Current Electric Power Transmission System in the world are Hitachi Energy, Siemens, Prysmian Group, XD Group, GE Grid Solution, TBEA, Xuji Group and Nexans, among which the top three service providers account for more than 50% of the market share, and Hitachi Energy is the largest service provider. The global high voltage direct current electric power transmission system services are mainly distributed in North America, Europe, China and Japan, among which the market share of the top three regions is close to 90%. At present, China is the largest service provider region, followed by Europe. In terms of its service type, the growth rate of systems with voltage above 800KV is relatively fast. At present, the market share of systems with voltage less than 400KV is the highest, more than 50%, followed by systems with voltage between 400KV and 800KV. In terms of its application, overhead transmission is the largest application field, with a market share of more than 70%, followed by subsea transmission and underground transmission.
This report aims to provide a comprehensive presentation of the global market for High Voltage Direct Current Electric Power Transmission System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding High Voltage Direct Current Electric Power Transmission System.
Report Scope
The High Voltage Direct Current Electric Power Transmission System market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global High Voltage Direct Current Electric Power Transmission System market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the High Voltage Direct Current Electric Power Transmission System companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Hitachi Energy
Siemens
Prysmian Group
XD Group
GE Grid Solution
TBEA
Xuji Group
Nexans
NKT
Toshiba Energy Systems & Solutions
Mitsubishi Electric
NR Electric
Segment by Type
Less than 400 KV
400-800 KV
Above 800 KV
Segment by Application
Subsea Transmission
Underground Transmission
Overhead Transmission
By Region
North America
United States
Canada
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
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of High Voltage Direct Current Electric Power Transmission System companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global High Voltage Direct Current Electric Power Transmission System Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
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 Electric Power Transmission System Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Subsea Transmission
1.3.3 Underground Transmission
1.3.4 Overhead Transmission
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global High Voltage Direct Current Electric Power Transmission System Market Perspective (2019-2030)
2.2 High Voltage Direct Current Electric Power Transmission System Growth Trends by Region
2.2.1 Global High Voltage Direct Current Electric Power Transmission System Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 High Voltage Direct Current Electric Power Transmission System Historic Market Size by Region (2019-2024)
2.2.3 High Voltage Direct Current Electric Power Transmission System Forecasted Market Size by Region (2025-2030)
2.3 High Voltage Direct Current Electric Power Transmission System Market Dynamics
2.3.1 High Voltage Direct Current Electric Power Transmission System Industry Trends
2.3.2 High Voltage Direct Current Electric Power Transmission System Market Drivers
2.3.3 High Voltage Direct Current Electric Power Transmission System Market Challenges
2.3.4 High Voltage Direct Current Electric Power Transmission System Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top High Voltage Direct Current Electric Power Transmission System Players by Revenue
3.1.1 Global Top High Voltage Direct Current Electric Power Transmission System Players by Revenue (2019-2024)
3.1.2 Global High Voltage Direct Current Electric Power Transmission System Revenue Market Share by Players (2019-2024)
3.2 Global High Voltage Direct Current Electric Power Transmission System Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by High Voltage Direct Current Electric Power Transmission System Revenue
3.4 Global High Voltage Direct Current Electric Power Transmission System Market Concentration Ratio
3.4.1 Global High Voltage Direct Current Electric Power Transmission System Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by High Voltage Direct Current Electric Power Transmission System Revenue in 2023
3.5 High Voltage Direct Current Electric Power Transmission System Key Players Head office and Area Served
3.6 Key Players High Voltage Direct Current Electric Power Transmission System Product Solution and Service
3.7 Date of Enter into High Voltage Direct Current Electric Power Transmission System Market
3.8 Mergers & Acquisitions, Expansion Plans
4 High Voltage Direct Current Electric Power Transmission System Breakdown Data by Type
4.1 Global High Voltage Direct Current Electric Power Transmission System Historic Market Size by Type (2019-2024)
4.2 Global High Voltage Direct Current Electric Power Transmission System Forecasted Market Size by Type (2025-2030)
5 High Voltage Direct Current Electric Power Transmission System Breakdown Data by Application
5.1 Global High Voltage Direct Current Electric Power Transmission System Historic Market Size by Application (2019-2024)
5.2 Global High Voltage Direct Current Electric Power Transmission System Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America High Voltage Direct Current Electric Power Transmission System Market Size (2019-2030)
6.2 North America High Voltage Direct Current Electric Power Transmission System Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America High Voltage Direct Current Electric Power Transmission System Market Size by Country (2019-2024)
6.4 North America High Voltage Direct Current Electric Power Transmission System Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe High Voltage Direct Current Electric Power Transmission System Market Size (2019-2030)
7.2 Europe High Voltage Direct Current Electric Power Transmission System Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe High Voltage Direct Current Electric Power Transmission System Market Size by Country (2019-2024)
7.4 Europe High Voltage Direct Current Electric Power Transmission System Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific High Voltage Direct Current Electric Power Transmission System Market Size (2019-2030)
8.2 Asia-Pacific High Voltage Direct Current Electric Power Transmission System Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific High Voltage Direct Current Electric Power Transmission System Market Size by Region (2019-2024)
8.4 Asia-Pacific High Voltage Direct Current Electric Power Transmission System Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America High Voltage Direct Current Electric Power Transmission System Market Size (2019-2030)
9.2 Latin America High Voltage Direct Current Electric Power Transmission System Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America High Voltage Direct Current Electric Power Transmission System Market Size by Country (2019-2024)
9.4 Latin America High Voltage Direct Current Electric Power Transmission System Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa High Voltage Direct Current Electric Power Transmission System Market Size (2019-2030)
10.2 Middle East & Africa High Voltage Direct Current Electric Power Transmission System Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa High Voltage Direct Current Electric Power Transmission System Market Size by Country (2019-2024)
10.4 Middle East & Africa High Voltage Direct Current Electric Power Transmission System Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Hitachi Energy
11.1.1 Hitachi Energy Company Detail
11.1.2 Hitachi Energy Business Overview
11.1.3 Hitachi Energy High Voltage Direct Current Electric Power Transmission System Introduction
11.1.4 Hitachi Energy Revenue in High Voltage Direct Current Electric Power Transmission System Business (2019-2024)
11.1.5 Hitachi Energy Recent Development
11.2 Siemens
11.2.1 Siemens Company Detail
11.2.2 Siemens Business Overview
11.2.3 Siemens High Voltage Direct Current Electric Power Transmission System Introduction
11.2.4 Siemens Revenue in High Voltage Direct Current Electric Power Transmission System Business (2019-2024)
11.2.5 Siemens Recent Development
11.3 Prysmian Group
11.3.1 Prysmian Group Company Detail
11.3.2 Prysmian Group Business Overview
11.3.3 Prysmian Group High Voltage Direct Current Electric Power Transmission System Introduction
11.3.4 Prysmian Group Revenue in High Voltage Direct Current Electric Power Transmission System Business (2019-2024)
11.3.5 Prysmian Group Recent Development
11.4 XD Group
11.4.1 XD Group Company Detail
11.4.2 XD Group Business Overview
11.4.3 XD Group High Voltage Direct Current Electric Power Transmission System Introduction
11.4.4 XD Group Revenue in High Voltage Direct Current Electric Power Transmission System Business (2019-2024)
11.4.5 XD Group Recent Development
11.5 GE Grid Solution
11.5.1 GE Grid Solution Company Detail
11.5.2 GE Grid Solution Business Overview
11.5.3 GE Grid Solution High Voltage Direct Current Electric Power Transmission System Introduction
11.5.4 GE Grid Solution Revenue in High Voltage Direct Current Electric Power Transmission System Business (2019-2024)
11.5.5 GE Grid Solution Recent Development
11.6 TBEA
11.6.1 TBEA Company Detail
11.6.2 TBEA Business Overview
11.6.3 TBEA High Voltage Direct Current Electric Power Transmission System Introduction
11.6.4 TBEA Revenue in High Voltage Direct Current Electric Power Transmission System Business (2019-2024)
11.6.5 TBEA Recent Development
11.7 Xuji Group
11.7.1 Xuji Group Company Detail
11.7.2 Xuji Group Business Overview
11.7.3 Xuji Group High Voltage Direct Current Electric Power Transmission System Introduction
11.7.4 Xuji Group Revenue in High Voltage Direct Current Electric Power Transmission System Business (2019-2024)
11.7.5 Xuji Group Recent Development
11.8 Nexans
11.8.1 Nexans Company Detail
11.8.2 Nexans Business Overview
11.8.3 Nexans High Voltage Direct Current Electric Power Transmission System Introduction
11.8.4 Nexans Revenue in High Voltage Direct Current Electric Power Transmission System Business (2019-2024)
11.8.5 Nexans Recent Development
11.9 NKT
11.9.1 NKT Company Detail
11.9.2 NKT Business Overview
11.9.3 NKT High Voltage Direct Current Electric Power Transmission System Introduction
11.9.4 NKT Revenue in High Voltage Direct Current Electric Power Transmission System Business (2019-2024)
11.9.5 NKT Recent Development
11.10 Toshiba Energy Systems & Solutions
11.10.1 Toshiba Energy Systems & Solutions Company Detail
11.10.2 Toshiba Energy Systems & Solutions Business Overview
11.10.3 Toshiba Energy Systems & Solutions High Voltage Direct Current Electric Power Transmission System Introduction
11.10.4 Toshiba Energy Systems & Solutions Revenue in High Voltage Direct Current Electric Power Transmission System Business (2019-2024)
11.10.5 Toshiba Energy Systems & Solutions Recent Development
11.11 Mitsubishi Electric
11.11.1 Mitsubishi Electric Company Detail
11.11.2 Mitsubishi Electric Business Overview
11.11.3 Mitsubishi Electric High Voltage Direct Current Electric Power Transmission System Introduction
11.11.4 Mitsubishi Electric Revenue in High Voltage Direct Current Electric Power Transmission System Business (2019-2024)
11.11.5 Mitsubishi Electric Recent Development
11.12 NR Electric
11.12.1 NR Electric Company Detail
11.12.2 NR Electric Business Overview
11.12.3 NR Electric High Voltage Direct Current Electric Power Transmission System Introduction
11.12.4 NR Electric Revenue in High Voltage Direct Current Electric Power Transmission System Business (2019-2024)
11.12.5 NR Electric Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
Why ‘The Market Reports’
In Business:
Pre Sales Support:
Post Sales Support:
Turn Around Time:
Clients Served:
Clients Assisted:
Client Types:
Payment:
- Accept global payments [Credit Card / PayPal / Wire Transfer]
- Accept local payments in South Korea, Germany, China and India [Can pay in local currency]
Latest Energy & Power Market Reports
Payments Accepted From
Connect with us at
Complete Secure Website
