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HVDC Systems-Global Market Insights and Sales Trends 2024
Synopsis
HVDC system enables utilities to move more power further, interconnect grids, integrate renewables, and improve network performance. HVDC systems utilize power electronics technology to convert AC and DC voltage, and are ideal for supporting existing systems or building new power highways.
The global HVDC Systems market size is expected to reach US$ 14100 million by 2029, growing at a CAGR of 6.7% from 2023 to 2029. The market is mainly driven by the significant applications of HVDC Systems in various end use industries. The expanding demands from the Underground Power Transmission, Overhead Transmission, Offshore Power Transmission and Other, are propelling HVDC Systems market. Point-to-Point Transmission, 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 Back-to-Back Station segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for HVDC Systems market, driven by demand from China, the second largest economy with some signs of stabilising, the HVDC Systems market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
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 Systems, 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 Systems 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 Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, HVDC Systems 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 Systems covered in this report include General Electric Co, Siemens AG, ABB Ltd, Mitsubishi Electric Corporation, Toshiba Corporation, American Superconductor Corp, Hitachi Ltd, Schneider Electric and Prysmian Group, etc.
The global HVDC Systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
General Electric Co
Siemens AG
ABB Ltd
Mitsubishi Electric Corporation
Toshiba Corporation
American Superconductor Corp
Hitachi Ltd
Schneider Electric
Prysmian Group
NR Electric Co
Sumitomo Electric industries
Nexans SA
NKT A/S
LS Industrial Systems Co
Global HVDC Systems 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 Systems market, Segment by Type:
Point-to-Point Transmission
Back-to-Back Station
Multi-Terminal System
Global HVDC Systems market, by Application
Underground Power Transmission
Overhead Transmission
Offshore Power Transmission
Other
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 Systems manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of HVDC Systems 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.
HVDC system enables utilities to move more power further, interconnect grids, integrate renewables, and improve network performance. HVDC systems utilize power electronics technology to convert AC and DC voltage, and are ideal for supporting existing systems or building new power highways.
The global HVDC Systems market size is expected to reach US$ 14100 million by 2029, growing at a CAGR of 6.7% from 2023 to 2029. The market is mainly driven by the significant applications of HVDC Systems in various end use industries. The expanding demands from the Underground Power Transmission, Overhead Transmission, Offshore Power Transmission and Other, are propelling HVDC Systems market. Point-to-Point Transmission, 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 Back-to-Back Station segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for HVDC Systems market, driven by demand from China, the second largest economy with some signs of stabilising, the HVDC Systems market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
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 Systems, 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 Systems 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 Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, HVDC Systems 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 Systems covered in this report include General Electric Co, Siemens AG, ABB Ltd, Mitsubishi Electric Corporation, Toshiba Corporation, American Superconductor Corp, Hitachi Ltd, Schneider Electric and Prysmian Group, etc.
The global HVDC Systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
General Electric Co
Siemens AG
ABB Ltd
Mitsubishi Electric Corporation
Toshiba Corporation
American Superconductor Corp
Hitachi Ltd
Schneider Electric
Prysmian Group
NR Electric Co
Sumitomo Electric industries
Nexans SA
NKT A/S
LS Industrial Systems Co
Global HVDC Systems 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 Systems market, Segment by Type:
Point-to-Point Transmission
Back-to-Back Station
Multi-Terminal System
Global HVDC Systems market, by Application
Underground Power Transmission
Overhead Transmission
Offshore Power Transmission
Other
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 Systems manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of HVDC Systems 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 Systems Market Overview
1.1 HVDC Systems Product Overview
1.2 HVDC Systems Market Segment by Type
1.2.1 Point-to-Point Transmission
1.2.2 Back-to-Back Station
1.2.3 Multi-Terminal System
1.3 Global HVDC Systems Market Size by Type
1.3.1 Global HVDC Systems Market Size Overview by Type (2018-2029)
1.3.2 Global HVDC Systems Historic Market Size Review by Type (2018-2023)
1.3.3 Global HVDC Systems Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America HVDC Systems Sales Breakdown by Type (2018-2023)
1.4.2 Europe HVDC Systems Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific HVDC Systems Sales Breakdown by Type (2018-2023)
1.4.4 Latin America HVDC Systems Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa HVDC Systems Sales Breakdown by Type (2018-2023)
2 Global HVDC Systems Market Competition by Company
2.1 Global Top Players by HVDC Systems Sales (2018-2023)
2.2 Global Top Players by HVDC Systems Revenue (2018-2023)
2.3 Global Top Players by HVDC Systems Price (2018-2023)
2.4 Global Top Manufacturers HVDC Systems Manufacturing Base Distribution, Sales Area, Product Type
2.5 HVDC Systems Market Competitive Situation and Trends
2.5.1 HVDC Systems Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by HVDC Systems 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 Systems as of 2022)
2.7 Date of Key Manufacturers Enter into HVDC Systems Market
2.8 Key Manufacturers HVDC Systems Product Offered
2.9 Mergers & Acquisitions, Expansion
3 HVDC Systems Status and Outlook by Region
3.1 Global HVDC Systems Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global HVDC Systems Historic Market Size by Region
3.2.1 Global HVDC Systems Sales in Volume by Region (2018-2023)
3.2.2 Global HVDC Systems Sales in Value by Region (2018-2023)
3.2.3 Global HVDC Systems Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global HVDC Systems Forecasted Market Size by Region
3.3.1 Global HVDC Systems Sales in Volume by Region (2024-2029)
3.3.2 Global HVDC Systems Sales in Value by Region (2024-2029)
3.3.3 Global HVDC Systems Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global HVDC Systems by Application
4.1 HVDC Systems Market Segment by Application
4.1.1 Underground Power Transmission
4.1.2 Overhead Transmission
4.1.3 Offshore Power Transmission
4.1.4 Other
4.2 Global HVDC Systems Market Size by Application
4.2.1 Global HVDC Systems Market Size Overview by Application (2018-2029)
4.2.2 Global HVDC Systems Historic Market Size Review by Application (2018-2023)
4.2.3 Global HVDC Systems Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America HVDC Systems Sales Breakdown by Application (2018-2023)
4.3.2 Europe HVDC Systems Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific HVDC Systems Sales Breakdown by Application (2018-2023)
4.3.4 Latin America HVDC Systems Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa HVDC Systems Sales Breakdown by Application (2018-2023)
5 North America HVDC Systems by Country
5.1 North America HVDC Systems Historic Market Size by Country
5.1.1 North America HVDC Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America HVDC Systems Sales in Volume by Country (2018-2023)
5.1.3 North America HVDC Systems Sales in Value by Country (2018-2023)
5.2 North America HVDC Systems Forecasted Market Size by Country
5.2.1 North America HVDC Systems Sales in Volume by Country (2024-2029)
5.2.2 North America HVDC Systems Sales in Value by Country (2024-2029)
6 Europe HVDC Systems by Country
6.1 Europe HVDC Systems Historic Market Size by Country
6.1.1 Europe HVDC Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe HVDC Systems Sales in Volume by Country (2018-2023)
6.1.3 Europe HVDC Systems Sales in Value by Country (2018-2023)
6.2 Europe HVDC Systems Forecasted Market Size by Country
6.2.1 Europe HVDC Systems Sales in Volume by Country (2024-2029)
6.2.2 Europe HVDC Systems Sales in Value by Country (2024-2029)
7 Asia-Pacific HVDC Systems by Region
7.1 Asia-Pacific HVDC Systems Historic Market Size by Region
7.1.1 Asia-Pacific HVDC Systems Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific HVDC Systems Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific HVDC Systems Sales in Value by Region (2018-2023)
7.2 Asia-Pacific HVDC Systems Forecasted Market Size by Region
7.2.1 Asia-Pacific HVDC Systems Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific HVDC Systems Sales in Value by Region (2024-2029)
8 Latin America HVDC Systems by Country
8.1 Latin America HVDC Systems Historic Market Size by Country
8.1.1 Latin America HVDC Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America HVDC Systems Sales in Volume by Country (2018-2023)
8.1.3 Latin America HVDC Systems Sales in Value by Country (2018-2023)
8.2 Latin America HVDC Systems Forecasted Market Size by Country
8.2.1 Latin America HVDC Systems Sales in Volume by Country (2024-2029)
8.2.2 Latin America HVDC Systems Sales in Value by Country (2024-2029)
9 Middle East and Africa HVDC Systems by Country
9.1 Middle East and Africa HVDC Systems Historic Market Size by Country
9.1.1 Middle East and Africa HVDC Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa HVDC Systems Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa HVDC Systems Sales in Value by Country (2018-2023)
9.2 Middle East and Africa HVDC Systems Forecasted Market Size by Country
9.2.1 Middle East and Africa HVDC Systems Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa HVDC Systems Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 General Electric Co
10.1.1 General Electric Co Company Information
10.1.2 General Electric Co Introduction and Business Overview
10.1.3 General Electric Co HVDC Systems Sales, Revenue and Gross Margin (2018-2023)
10.1.4 General Electric Co HVDC Systems Products Offered
10.1.5 General Electric Co Recent Development
10.2 Siemens AG
10.2.1 Siemens AG Company Information
10.2.2 Siemens AG Introduction and Business Overview
10.2.3 Siemens AG HVDC Systems Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Siemens AG HVDC Systems Products Offered
10.2.5 Siemens AG Recent Development
10.3 ABB Ltd
10.3.1 ABB Ltd Company Information
10.3.2 ABB Ltd Introduction and Business Overview
10.3.3 ABB Ltd HVDC Systems Sales, Revenue and Gross Margin (2018-2023)
10.3.4 ABB Ltd HVDC Systems Products Offered
10.3.5 ABB Ltd Recent Development
10.4 Mitsubishi Electric Corporation
10.4.1 Mitsubishi Electric Corporation Company Information
10.4.2 Mitsubishi Electric Corporation Introduction and Business Overview
10.4.3 Mitsubishi Electric Corporation HVDC Systems Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Mitsubishi Electric Corporation HVDC Systems Products Offered
10.4.5 Mitsubishi Electric Corporation Recent Development
10.5 Toshiba Corporation
10.5.1 Toshiba Corporation Company Information
10.5.2 Toshiba Corporation Introduction and Business Overview
10.5.3 Toshiba Corporation HVDC Systems Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Toshiba Corporation HVDC Systems Products Offered
10.5.5 Toshiba Corporation Recent Development
10.6 American Superconductor Corp
10.6.1 American Superconductor Corp Company Information
10.6.2 American Superconductor Corp Introduction and Business Overview
10.6.3 American Superconductor Corp HVDC Systems Sales, Revenue and Gross Margin (2018-2023)
10.6.4 American Superconductor Corp HVDC Systems Products Offered
10.6.5 American Superconductor Corp Recent Development
10.7 Hitachi Ltd
10.7.1 Hitachi Ltd Company Information
10.7.2 Hitachi Ltd Introduction and Business Overview
10.7.3 Hitachi Ltd HVDC Systems Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Hitachi Ltd HVDC Systems Products Offered
10.7.5 Hitachi Ltd Recent Development
10.8 Schneider Electric
10.8.1 Schneider Electric Company Information
10.8.2 Schneider Electric Introduction and Business Overview
10.8.3 Schneider Electric HVDC Systems Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Schneider Electric HVDC Systems Products Offered
10.8.5 Schneider Electric Recent Development
10.9 Prysmian Group
10.9.1 Prysmian Group Company Information
10.9.2 Prysmian Group Introduction and Business Overview
10.9.3 Prysmian Group HVDC Systems Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Prysmian Group HVDC Systems Products Offered
10.9.5 Prysmian Group Recent Development
10.10 NR Electric Co
10.10.1 NR Electric Co Company Information
10.10.2 NR Electric Co Introduction and Business Overview
10.10.3 NR Electric Co HVDC Systems Sales, Revenue and Gross Margin (2018-2023)
10.10.4 NR Electric Co HVDC Systems Products Offered
10.10.5 NR Electric Co Recent Development
10.11 Sumitomo Electric industries
10.11.1 Sumitomo Electric industries Company Information
10.11.2 Sumitomo Electric industries Introduction and Business Overview
10.11.3 Sumitomo Electric industries HVDC Systems Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Sumitomo Electric industries HVDC Systems Products Offered
10.11.5 Sumitomo Electric industries Recent Development
10.12 Nexans SA
10.12.1 Nexans SA Company Information
10.12.2 Nexans SA Introduction and Business Overview
10.12.3 Nexans SA HVDC Systems Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Nexans SA HVDC Systems Products Offered
10.12.5 Nexans SA Recent Development
10.13 NKT A/S
10.13.1 NKT A/S Company Information
10.13.2 NKT A/S Introduction and Business Overview
10.13.3 NKT A/S HVDC Systems Sales, Revenue and Gross Margin (2018-2023)
10.13.4 NKT A/S HVDC Systems Products Offered
10.13.5 NKT A/S Recent Development
10.14 LS Industrial Systems Co
10.14.1 LS Industrial Systems Co Company Information
10.14.2 LS Industrial Systems Co Introduction and Business Overview
10.14.3 LS Industrial Systems Co HVDC Systems Sales, Revenue and Gross Margin (2018-2023)
10.14.4 LS Industrial Systems Co HVDC Systems Products Offered
10.14.5 LS Industrial Systems Co Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 HVDC Systems 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 Systems Industrial Chain Analysis
11.4 HVDC Systems Market Dynamics
11.4.1 HVDC Systems Industry Trends
11.4.2 HVDC Systems Market Drivers
11.4.3 HVDC Systems Market Challenges
11.4.4 HVDC Systems Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 HVDC Systems Distributors
12.3 HVDC Systems 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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