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HVDC Transmission 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.
In Asia Pacific (APAC), China and India are the major contributors to the growth of the HVDC transmission system market due to the growing demand for power in these countries. Some other factors affecting the growth of the market in this region include aging power infrastructure, increase in power consumption pattern, economic uncertainties, and low carbon emission initiatives. High power quality along with reliable and stable power transmission are some of the key requirements in the power industry. This factor is driving the growth of the HVDC transmission market in the APAC region.
Market Analysis and Insights: Global High Voltage Direct Current (HVDC) Transmission Market
The global High Voltage Direct Current (HVDC) Transmission market size is projected to reach US$ 10620 million by 2027, from US$ 7353.8 million in 2020, at a CAGR of 4.9% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global High Voltage Direct Current (HVDC) Transmission market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global High Voltage Direct Current (HVDC) Transmission market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global High Voltage Direct Current (HVDC) Transmission market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global High Voltage Direct Current (HVDC) Transmission market.
Global High Voltage Direct Current (HVDC) Transmission Scope and Market Size
High Voltage Direct Current (HVDC) Transmission market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global High Voltage Direct Current (HVDC) Transmission market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.
Segment by Type
High-power Rating Projects
Low power Rating Projects
Segment by Application
Subsea Transmission
Underground Transmission
Overhead Transmission
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
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
By Company
ABB
Siemens
XD Group
NR Electric
GE Grid Solution
NKT
TBEA
Xuji Group
Hitachi
Nexans
Toshiba
Mitsubishi Electric
Abengoa
In Asia Pacific (APAC), China and India are the major contributors to the growth of the HVDC transmission system market due to the growing demand for power in these countries. Some other factors affecting the growth of the market in this region include aging power infrastructure, increase in power consumption pattern, economic uncertainties, and low carbon emission initiatives. High power quality along with reliable and stable power transmission are some of the key requirements in the power industry. This factor is driving the growth of the HVDC transmission market in the APAC region.
Market Analysis and Insights: Global High Voltage Direct Current (HVDC) Transmission Market
The global High Voltage Direct Current (HVDC) Transmission market size is projected to reach US$ 10620 million by 2027, from US$ 7353.8 million in 2020, at a CAGR of 4.9% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global High Voltage Direct Current (HVDC) Transmission market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global High Voltage Direct Current (HVDC) Transmission market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global High Voltage Direct Current (HVDC) Transmission market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global High Voltage Direct Current (HVDC) Transmission market.
Global High Voltage Direct Current (HVDC) Transmission Scope and Market Size
High Voltage Direct Current (HVDC) Transmission market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global High Voltage Direct Current (HVDC) Transmission market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.
Segment by Type
High-power Rating Projects
Low power Rating Projects
Segment by Application
Subsea Transmission
Underground Transmission
Overhead Transmission
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
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
By Company
ABB
Siemens
XD Group
NR Electric
GE Grid Solution
NKT
TBEA
Xuji Group
Hitachi
Nexans
Toshiba
Mitsubishi Electric
Abengoa
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