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HVDC Converter Station-Global Market Insights and Sales Trends 2024
Synopsis
An HVDC converter station (or simply converter station) is a specialised type of substation which forms the terminal equipment for a high-voltage direct current (HVDC) transmission line. It converts direct current to alternating current or the reverse.
The global HVDC Converter Station market size is expected to reach US$ 13700 million by 2029, growing at a CAGR of 6.3% from 2023 to 2029. The market is mainly driven by the significant applications of HVDC Converter Station in various end use industries. The expanding demands from the Underground Power links, Powering Island and Remote Loads, Connecting Wind Farms and Interconnecting Networks, are propelling HVDC Converter Station market. 0-500MW, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the 501MW-999MW segment is estimated at % CAGR for the next seven-year period.
Global HVDC Converter Station key players include ABB, Siemens, GE & Alstom Energy, BHEL, Orano etc. Global top five manufacturers hold a share over 80%.
Europe is the largest market, with a share over 40%, followed by North America and Japan, both have a share over 30% percent.
In terms of product, 1001MW-2000MW is the largest segment, with a share over 15%. And in terms of application, the largest application is Interconnecting Networks followed by Underground Power links.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for HVDC Converter Station, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global HVDC Converter Station market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global HVDC Converter Station market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, HVDC Converter Station sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of HVDC Converter Station covered in this report include ABB, Siemens, GE & Alstom Energy, BHEL, Orano, Hitachi, Toshiba and Mitsubishi, etc.
The global HVDC Converter Station market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
Siemens
GE & Alstom Energy
BHEL
Orano
Hitachi
Toshiba
Mitsubishi
Global HVDC Converter Station market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global HVDC Converter Station market, Segment by Type:
0-500MW
501MW-999MW
1000MW-2000MW
2000+ MW
Global HVDC Converter Station market, by Application
Underground Power links
Powering Island and Remote Loads
Connecting Wind Farms
Interconnecting Networks
Oil & Gas Platforms
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of HVDC Converter Station manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of HVDC Converter Station in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
An HVDC converter station (or simply converter station) is a specialised type of substation which forms the terminal equipment for a high-voltage direct current (HVDC) transmission line. It converts direct current to alternating current or the reverse.
The global HVDC Converter Station market size is expected to reach US$ 13700 million by 2029, growing at a CAGR of 6.3% from 2023 to 2029. The market is mainly driven by the significant applications of HVDC Converter Station in various end use industries. The expanding demands from the Underground Power links, Powering Island and Remote Loads, Connecting Wind Farms and Interconnecting Networks, are propelling HVDC Converter Station market. 0-500MW, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the 501MW-999MW segment is estimated at % CAGR for the next seven-year period.
Global HVDC Converter Station key players include ABB, Siemens, GE & Alstom Energy, BHEL, Orano etc. Global top five manufacturers hold a share over 80%.
Europe is the largest market, with a share over 40%, followed by North America and Japan, both have a share over 30% percent.
In terms of product, 1001MW-2000MW is the largest segment, with a share over 15%. And in terms of application, the largest application is Interconnecting Networks followed by Underground Power links.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for HVDC Converter Station, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global HVDC Converter Station market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global HVDC Converter Station market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, HVDC Converter Station sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of HVDC Converter Station covered in this report include ABB, Siemens, GE & Alstom Energy, BHEL, Orano, Hitachi, Toshiba and Mitsubishi, etc.
The global HVDC Converter Station market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
Siemens
GE & Alstom Energy
BHEL
Orano
Hitachi
Toshiba
Mitsubishi
Global HVDC Converter Station market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global HVDC Converter Station market, Segment by Type:
0-500MW
501MW-999MW
1000MW-2000MW
2000+ MW
Global HVDC Converter Station market, by Application
Underground Power links
Powering Island and Remote Loads
Connecting Wind Farms
Interconnecting Networks
Oil & Gas Platforms
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of HVDC Converter Station manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of HVDC Converter Station in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 HVDC Converter Station Market Overview
1.1 HVDC Converter Station Product Overview
1.2 HVDC Converter Station Market Segment by Type
1.2.1 0-500MW
1.2.2 501MW-999MW
1.2.3 1000MW-2000MW
1.2.4 2000+ MW
1.3 Global HVDC Converter Station Market Size by Type
1.3.1 Global HVDC Converter Station Market Size Overview by Type (2018-2029)
1.3.2 Global HVDC Converter Station Historic Market Size Review by Type (2018-2023)
1.3.3 Global HVDC Converter Station Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America HVDC Converter Station Sales Breakdown by Type (2018-2023)
1.4.2 Europe HVDC Converter Station Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific HVDC Converter Station Sales Breakdown by Type (2018-2023)
1.4.4 Latin America HVDC Converter Station Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa HVDC Converter Station Sales Breakdown by Type (2018-2023)
2 Global HVDC Converter Station Market Competition by Company
2.1 Global Top Players by HVDC Converter Station Sales (2018-2023)
2.2 Global Top Players by HVDC Converter Station Revenue (2018-2023)
2.3 Global Top Players by HVDC Converter Station Price (2018-2023)
2.4 Global Top Manufacturers HVDC Converter Station Manufacturing Base Distribution, Sales Area, Product Type
2.5 HVDC Converter Station Market Competitive Situation and Trends
2.5.1 HVDC Converter Station Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by HVDC Converter Station Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in HVDC Converter Station as of 2022)
2.7 Date of Key Manufacturers Enter into HVDC Converter Station Market
2.8 Key Manufacturers HVDC Converter Station Product Offered
2.9 Mergers & Acquisitions, Expansion
3 HVDC Converter Station Status and Outlook by Region
3.1 Global HVDC Converter Station Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global HVDC Converter Station Historic Market Size by Region
3.2.1 Global HVDC Converter Station Sales in Volume by Region (2018-2023)
3.2.2 Global HVDC Converter Station Sales in Value by Region (2018-2023)
3.2.3 Global HVDC Converter Station Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global HVDC Converter Station Forecasted Market Size by Region
3.3.1 Global HVDC Converter Station Sales in Volume by Region (2024-2029)
3.3.2 Global HVDC Converter Station Sales in Value by Region (2024-2029)
3.3.3 Global HVDC Converter Station Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global HVDC Converter Station by Application
4.1 HVDC Converter Station Market Segment by Application
4.1.1 Underground Power links
4.1.2 Powering Island and Remote Loads
4.1.3 Connecting Wind Farms
4.1.4 Interconnecting Networks
4.1.5 Oil & Gas Platforms
4.2 Global HVDC Converter Station Market Size by Application
4.2.1 Global HVDC Converter Station Market Size Overview by Application (2018-2029)
4.2.2 Global HVDC Converter Station Historic Market Size Review by Application (2018-2023)
4.2.3 Global HVDC Converter Station Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America HVDC Converter Station Sales Breakdown by Application (2018-2023)
4.3.2 Europe HVDC Converter Station Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific HVDC Converter Station Sales Breakdown by Application (2018-2023)
4.3.4 Latin America HVDC Converter Station Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa HVDC Converter Station Sales Breakdown by Application (2018-2023)
5 North America HVDC Converter Station by Country
5.1 North America HVDC Converter Station Historic Market Size by Country
5.1.1 North America HVDC Converter Station Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America HVDC Converter Station Sales in Volume by Country (2018-2023)
5.1.3 North America HVDC Converter Station Sales in Value by Country (2018-2023)
5.2 North America HVDC Converter Station Forecasted Market Size by Country
5.2.1 North America HVDC Converter Station Sales in Volume by Country (2024-2029)
5.2.2 North America HVDC Converter Station Sales in Value by Country (2024-2029)
6 Europe HVDC Converter Station by Country
6.1 Europe HVDC Converter Station Historic Market Size by Country
6.1.1 Europe HVDC Converter Station Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe HVDC Converter Station Sales in Volume by Country (2018-2023)
6.1.3 Europe HVDC Converter Station Sales in Value by Country (2018-2023)
6.2 Europe HVDC Converter Station Forecasted Market Size by Country
6.2.1 Europe HVDC Converter Station Sales in Volume by Country (2024-2029)
6.2.2 Europe HVDC Converter Station Sales in Value by Country (2024-2029)
7 Asia-Pacific HVDC Converter Station by Region
7.1 Asia-Pacific HVDC Converter Station Historic Market Size by Region
7.1.1 Asia-Pacific HVDC Converter Station Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific HVDC Converter Station Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific HVDC Converter Station Sales in Value by Region (2018-2023)
7.2 Asia-Pacific HVDC Converter Station Forecasted Market Size by Region
7.2.1 Asia-Pacific HVDC Converter Station Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific HVDC Converter Station Sales in Value by Region (2024-2029)
8 Latin America HVDC Converter Station by Country
8.1 Latin America HVDC Converter Station Historic Market Size by Country
8.1.1 Latin America HVDC Converter Station Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America HVDC Converter Station Sales in Volume by Country (2018-2023)
8.1.3 Latin America HVDC Converter Station Sales in Value by Country (2018-2023)
8.2 Latin America HVDC Converter Station Forecasted Market Size by Country
8.2.1 Latin America HVDC Converter Station Sales in Volume by Country (2024-2029)
8.2.2 Latin America HVDC Converter Station Sales in Value by Country (2024-2029)
9 Middle East and Africa HVDC Converter Station by Country
9.1 Middle East and Africa HVDC Converter Station Historic Market Size by Country
9.1.1 Middle East and Africa HVDC Converter Station Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa HVDC Converter Station Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa HVDC Converter Station Sales in Value by Country (2018-2023)
9.2 Middle East and Africa HVDC Converter Station Forecasted Market Size by Country
9.2.1 Middle East and Africa HVDC Converter Station Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa HVDC Converter Station Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 ABB
10.1.1 ABB Company Information
10.1.2 ABB Introduction and Business Overview
10.1.3 ABB HVDC Converter Station Sales, Revenue and Gross Margin (2018-2023)
10.1.4 ABB HVDC Converter Station Products Offered
10.1.5 ABB Recent Development
10.2 Siemens
10.2.1 Siemens Company Information
10.2.2 Siemens Introduction and Business Overview
10.2.3 Siemens HVDC Converter Station Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Siemens HVDC Converter Station Products Offered
10.2.5 Siemens Recent Development
10.3 GE & Alstom Energy
10.3.1 GE & Alstom Energy Company Information
10.3.2 GE & Alstom Energy Introduction and Business Overview
10.3.3 GE & Alstom Energy HVDC Converter Station Sales, Revenue and Gross Margin (2018-2023)
10.3.4 GE & Alstom Energy HVDC Converter Station Products Offered
10.3.5 GE & Alstom Energy Recent Development
10.4 BHEL
10.4.1 BHEL Company Information
10.4.2 BHEL Introduction and Business Overview
10.4.3 BHEL HVDC Converter Station Sales, Revenue and Gross Margin (2018-2023)
10.4.4 BHEL HVDC Converter Station Products Offered
10.4.5 BHEL Recent Development
10.5 Orano
10.5.1 Orano Company Information
10.5.2 Orano Introduction and Business Overview
10.5.3 Orano HVDC Converter Station Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Orano HVDC Converter Station Products Offered
10.5.5 Orano Recent Development
10.6 Hitachi
10.6.1 Hitachi Company Information
10.6.2 Hitachi Introduction and Business Overview
10.6.3 Hitachi HVDC Converter Station Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Hitachi HVDC Converter Station Products Offered
10.6.5 Hitachi Recent Development
10.7 Toshiba
10.7.1 Toshiba Company Information
10.7.2 Toshiba Introduction and Business Overview
10.7.3 Toshiba HVDC Converter Station Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Toshiba HVDC Converter Station Products Offered
10.7.5 Toshiba Recent Development
10.8 Mitsubishi
10.8.1 Mitsubishi Company Information
10.8.2 Mitsubishi Introduction and Business Overview
10.8.3 Mitsubishi HVDC Converter Station Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Mitsubishi HVDC Converter Station Products Offered
10.8.5 Mitsubishi Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 HVDC Converter Station Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 HVDC Converter Station Industrial Chain Analysis
11.4 HVDC Converter Station Market Dynamics
11.4.1 HVDC Converter Station Industry Trends
11.4.2 HVDC Converter Station Market Drivers
11.4.3 HVDC Converter Station Market Challenges
11.4.4 HVDC Converter Station Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 HVDC Converter Station Distributors
12.3 HVDC Converter Station Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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