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HVDC Transmission System-Global Market Insights and Sales Trends 2024
Synopsis
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.
The global HVDC Transmission System market size is expected to reach US$ 14220 million by 2029, growing at a CAGR of 6.8% from 2023 to 2029. The market is mainly driven by the significant applications of HVDC Transmission System in various end use industries. The expanding demands from the Overhead Transmission, Underground Transmission and Subsea Transmission,, are propelling HVDC Transmission System market. Below 400 kV, 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 Between 400-800 kV segment is estimated at % CAGR for the next seven-year period.
Global HVDC transmission system key players include ABB, Siemens, XD Group, NR Electric, GE Grid Solution, etc. Global top 5 manufacturers hold a share about 57%. China is the largest market, with a share about 46%, followed by Europe, with a share about 17 percent.
Report Objectives
This report provides market insight on the different segments, by players, 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 Transmission System, 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 Transmission System 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 Transmission System market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, HVDC Transmission System 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 Transmission System covered in this report include ABB, Siemens, XD, NR Electric, GE Grid Solution, NKT, TBEA, XJ Group Corporation and Hitachi ABB Power Grids, etc.
The global HVDC Transmission System market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global HVDC Transmission System 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 Transmission System market, Segment by Type:
Below 400 kV
Between 400-800 kV
Above 800 kV
Global HVDC Transmission System market, by Application
Overhead Transmission
Underground Transmission
Subsea Transmission
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). 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 Two: 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 Three: 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 Four: Detailed analysis of HVDC Transmission System companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: 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 Twelve: Research Finding/Conclusion
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.
The global HVDC Transmission System market size is expected to reach US$ 14220 million by 2029, growing at a CAGR of 6.8% from 2023 to 2029. The market is mainly driven by the significant applications of HVDC Transmission System in various end use industries. The expanding demands from the Overhead Transmission, Underground Transmission and Subsea Transmission,, are propelling HVDC Transmission System market. Below 400 kV, 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 Between 400-800 kV segment is estimated at % CAGR for the next seven-year period.
Global HVDC transmission system key players include ABB, Siemens, XD Group, NR Electric, GE Grid Solution, etc. Global top 5 manufacturers hold a share about 57%. China is the largest market, with a share about 46%, followed by Europe, with a share about 17 percent.
Report Objectives
This report provides market insight on the different segments, by players, 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 Transmission System, 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 Transmission System 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 Transmission System market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, HVDC Transmission System 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 Transmission System covered in this report include ABB, Siemens, XD, NR Electric, GE Grid Solution, NKT, TBEA, XJ Group Corporation and Hitachi ABB Power Grids, etc.
The global HVDC Transmission System market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global HVDC Transmission System 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 Transmission System market, Segment by Type:
Below 400 kV
Between 400-800 kV
Above 800 kV
Global HVDC Transmission System market, by Application
Overhead Transmission
Underground Transmission
Subsea Transmission
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). 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 Two: 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 Three: 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 Four: Detailed analysis of HVDC Transmission System companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: 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 Twelve: Research Finding/Conclusion
Index1 Market Overview of HVDC Transmission System
1.1 HVDC Transmission System Market Overview
1.1.1 HVDC Transmission System Product Scope
1.1.2 HVDC Transmission System Market Status and Outlook
1.2 Global HVDC Transmission System Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global HVDC Transmission System Market Size by Region (2018-2029)
1.4 Global HVDC Transmission System Historic Market Size by Region (2018-2023)
1.5 Global HVDC Transmission System Market Size Forecast by Region (2024-2029)
1.6 Key Regions, HVDC Transmission System Market Size (2018-2029)
1.6.1 North America HVDC Transmission System Market Size (2018-2029)
1.6.2 Europe HVDC Transmission System Market Size (2018-2029)
1.6.3 Asia-Pacific HVDC Transmission System Market Size (2018-2029)
1.6.4 Latin America HVDC Transmission System Market Size (2018-2029)
1.6.5 Middle East & Africa HVDC Transmission System Market Size (2018-2029)
2 HVDC Transmission System Market by Type
2.1 Introduction
2.1.1 Below 400 kV
2.1.2 Between 400-800 kV
2.1.3 Above 800 kV
2.2 Global HVDC Transmission System Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global HVDC Transmission System Historic Market Size by Type (2018-2023)
2.2.2 Global HVDC Transmission System Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America HVDC Transmission System Revenue Breakdown by Type (2018-2029)
2.3.2 Europe HVDC Transmission System Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific HVDC Transmission System Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America HVDC Transmission System Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa HVDC Transmission System Revenue Breakdown by Type (2018-2029)
3 HVDC Transmission System Market Overview by Application
3.1 Introduction
3.1.1 Overhead Transmission
3.1.2 Underground Transmission
3.1.3 Subsea Transmission
3.2 Global HVDC Transmission System Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global HVDC Transmission System Historic Market Size by Application (2018-2023)
3.2.2 Global HVDC Transmission System Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America HVDC Transmission System Revenue Breakdown by Application (2018-2029)
3.3.2 Europe HVDC Transmission System Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific HVDC Transmission System Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America HVDC Transmission System Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa HVDC Transmission System Revenue Breakdown by Application (2018-2029)
4 HVDC Transmission System Competition Analysis by Players
4.1 Global HVDC Transmission System Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in HVDC Transmission System as of 2022)
4.3 Date of Key Players Enter into HVDC Transmission System Market
4.4 Global Top Players HVDC Transmission System Headquarters and Area Served
4.5 Key Players HVDC Transmission System Product Solution and Service
4.6 Competitive Status
4.6.1 HVDC Transmission System Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 ABB
5.1.1 ABB Profile
5.1.2 ABB Main Business
5.1.3 ABB HVDC Transmission System Products, Services and Solutions
5.1.4 ABB HVDC Transmission System Revenue (US$ Million) & (2018-2023)
5.1.5 ABB Recent Developments
5.2 Siemens
5.2.1 Siemens Profile
5.2.2 Siemens Main Business
5.2.3 Siemens HVDC Transmission System Products, Services and Solutions
5.2.4 Siemens HVDC Transmission System Revenue (US$ Million) & (2018-2023)
5.2.5 Siemens Recent Developments
5.3 XD
5.3.1 XD Profile
5.3.2 XD Main Business
5.3.3 XD HVDC Transmission System Products, Services and Solutions
5.3.4 XD HVDC Transmission System Revenue (US$ Million) & (2018-2023)
5.3.5 NR Electric Recent Developments
5.4 NR Electric
5.4.1 NR Electric Profile
5.4.2 NR Electric Main Business
5.4.3 NR Electric HVDC Transmission System Products, Services and Solutions
5.4.4 NR Electric HVDC Transmission System Revenue (US$ Million) & (2018-2023)
5.4.5 NR Electric Recent Developments
5.5 GE Grid Solution
5.5.1 GE Grid Solution Profile
5.5.2 GE Grid Solution Main Business
5.5.3 GE Grid Solution HVDC Transmission System Products, Services and Solutions
5.5.4 GE Grid Solution HVDC Transmission System Revenue (US$ Million) & (2018-2023)
5.5.5 GE Grid Solution Recent Developments
5.6 NKT
5.6.1 NKT Profile
5.6.2 NKT Main Business
5.6.3 NKT HVDC Transmission System Products, Services and Solutions
5.6.4 NKT HVDC Transmission System Revenue (US$ Million) & (2018-2023)
5.6.5 NKT Recent Developments
5.7 TBEA
5.7.1 TBEA Profile
5.7.2 TBEA Main Business
5.7.3 TBEA HVDC Transmission System Products, Services and Solutions
5.7.4 TBEA HVDC Transmission System Revenue (US$ Million) & (2018-2023)
5.7.5 TBEA Recent Developments
5.8 XJ Group Corporation
5.8.1 XJ Group Corporation Profile
5.8.2 XJ Group Corporation Main Business
5.8.3 XJ Group Corporation HVDC Transmission System Products, Services and Solutions
5.8.4 XJ Group Corporation HVDC Transmission System Revenue (US$ Million) & (2018-2023)
5.8.5 XJ Group Corporation Recent Developments
5.9 Hitachi ABB Power Grids
5.9.1 Hitachi ABB Power Grids Profile
5.9.2 Hitachi ABB Power Grids Main Business
5.9.3 Hitachi ABB Power Grids HVDC Transmission System Products, Services and Solutions
5.9.4 Hitachi ABB Power Grids HVDC Transmission System Revenue (US$ Million) & (2018-2023)
5.9.5 Hitachi ABB Power Grids Recent Developments
5.10 Nexans
5.10.1 Nexans Profile
5.10.2 Nexans Main Business
5.10.3 Nexans HVDC Transmission System Products, Services and Solutions
5.10.4 Nexans HVDC Transmission System Revenue (US$ Million) & (2018-2023)
5.10.5 Nexans Recent Developments
5.11 Toshiba
5.11.1 Toshiba Profile
5.11.2 Toshiba Main Business
5.11.3 Toshiba HVDC Transmission System Products, Services and Solutions
5.11.4 Toshiba HVDC Transmission System Revenue (US$ Million) & (2018-2023)
5.11.5 Toshiba Recent Developments
5.12 Mitsubishi Electric
5.12.1 Mitsubishi Electric Profile
5.12.2 Mitsubishi Electric Main Business
5.12.3 Mitsubishi Electric HVDC Transmission System Products, Services and Solutions
5.12.4 Mitsubishi Electric HVDC Transmission System Revenue (US$ Million) & (2018-2023)
5.12.5 Mitsubishi Electric Recent Developments
5.13 Abengoa
5.13.1 Abengoa Profile
5.13.2 Abengoa Main Business
5.13.3 Abengoa HVDC Transmission System Products, Services and Solutions
5.13.4 Abengoa HVDC Transmission System Revenue (US$ Million) & (2018-2023)
5.13.5 Abengoa Recent Developments
5.14 Prysmian Group
5.14.1 Prysmian Group Profile
5.14.2 Prysmian Group Main Business
5.14.3 Prysmian Group HVDC Transmission System Products, Services and Solutions
5.14.4 Prysmian Group HVDC Transmission System Revenue (US$ Million) & (2018-2023)
5.14.5 Prysmian Group Recent Developments
5.15 China XD Group
5.15.1 China XD Group Profile
5.15.2 China XD Group Main Business
5.15.3 China XD Group HVDC Transmission System Products, Services and Solutions
5.15.4 China XD Group HVDC Transmission System Revenue (US$ Million) & (2018-2023)
5.15.5 China XD Group Recent Developments
6 North America
6.1 North America HVDC Transmission System Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe HVDC Transmission System Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific HVDC Transmission System Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America HVDC Transmission System Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa HVDC Transmission System Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 HVDC Transmission System Market Dynamics
11.1 HVDC Transmission System Industry Trends
11.2 HVDC Transmission System Market Drivers
11.3 HVDC Transmission System Market Challenges
11.4 HVDC Transmission System Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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