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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.
The increasing demand for cost-effective solutions for long distance power transmission and integration of VSC technology across grids to enable system security are the major factors that drives the HVDC transmission system market.
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.
In China and India, high-power rating projects are more popular as it can supply more power for the huge population. While in Europe, most projects are the low-power rating projects and used for the new energy transmission like the wind energy.
Market Analysis and Insights: Global HVDC Transmission System Market
In 2019, the global HVDC Transmission System market size was US$ 9308.4 million and it is expected to reach US$ 18040 million by the end of 2026, with a CAGR of 9.8% during 2021-2026.
Global HVDC Transmission System Scope and Market Size
HVDC Transmission System market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global HVDC Transmission System 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 2015-2026.
Segment by Type, the HVDC Transmission System market is segmented into High-power Rating Projects, Low power Rating Projects, etc.
Segment by Application, the HVDC Transmission System market is segmented into Overhead Transmission, Underground Transmission, Subsea Transmission, etc.
Regional and Country-level Analysis
The HVDC Transmission System market is analysed and market size information is provided by regions (countries).
The key regions covered in the HVDC Transmission System market report are North America, Europe, China, Japan, Southeast Asia, India and Central & South America, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of revenue for the period 2015-2026.
HVDC Transmission System market competitive landscape provides details and data information by vendors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by player for the period 2015-2020. Details included are company description, major business, company total revenue and the revenue generated in HVDC Transmission System business, the date to enter into the HVDC Transmission System market, HVDC Transmission System product introduction, recent developments, etc.
The major vendors include ABB, Siemens, XD, NR Electric, GE Grid Solution, NKT, TBEA, Xuji, Hitachi, Nexans, Toshiba, Mitsubishi Electric, Abengoa, etc.
This report focuses on the global HVDC Transmission System status, future forecast, growth opportunity, key market and key players. The study objectives are to present the HVDC Transmission System development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
ABB
Siemens
XD
NR Electric
GE Grid Solution
NKT
TBEA
Xuji
Hitachi
Nexans
Toshiba
Mitsubishi Electric
Abengoa
High-power Rating Projects
Low power Rating Projects
Overhead Transmission
Underground Transmission
Subsea Transmission
North America
Europe
China
Japan
Southeast Asia
India
Central & South America
To analyze global HVDC Transmission System status, future forecast, growth opportunity, key market and key players.
To present the HVDC Transmission System development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.
In this study, the years considered to estimate the market size of HVDC Transmission System are as follows:
History Year: 2015-2019
2019
Forecast Year 2020 to 2026
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
The increasing demand for cost-effective solutions for long distance power transmission and integration of VSC technology across grids to enable system security are the major factors that drives the HVDC transmission system market.
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.
In China and India, high-power rating projects are more popular as it can supply more power for the huge population. While in Europe, most projects are the low-power rating projects and used for the new energy transmission like the wind energy.
Major players
operating in the HVDC transmission market are ABB,Siemens,XD , NR Electric,GE Grid Solution, NKT, TBEA, etc. These Chinese players are rising faster through technology joint with the foreign players like ABB and Siemens. And the laters are also expanding their market through this method.Market Analysis and Insights: Global HVDC Transmission System Market
In 2019, the global HVDC Transmission System market size was US$ 9308.4 million and it is expected to reach US$ 18040 million by the end of 2026, with a CAGR of 9.8% during 2021-2026.
Global HVDC Transmission System Scope and Market Size
HVDC Transmission System market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global HVDC Transmission System 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 2015-2026.
Segment by Type, the HVDC Transmission System market is segmented into High-power Rating Projects, Low power Rating Projects, etc.
Segment by Application, the HVDC Transmission System market is segmented into Overhead Transmission, Underground Transmission, Subsea Transmission, etc.
Regional and Country-level Analysis
The HVDC Transmission System market is analysed and market size information is provided by regions (countries).
The key regions covered in the HVDC Transmission System market report are North America, Europe, China, Japan, Southeast Asia, India and Central & South America, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of revenue for the period 2015-2026.
Competitive Landscape
and HVDC Transmission System Market Share AnalysisHVDC Transmission System market competitive landscape provides details and data information by vendors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by player for the period 2015-2020. Details included are company description, major business, company total revenue and the revenue generated in HVDC Transmission System business, the date to enter into the HVDC Transmission System market, HVDC Transmission System product introduction, recent developments, etc.
The major vendors include ABB, Siemens, XD, NR Electric, GE Grid Solution, NKT, TBEA, Xuji, Hitachi, Nexans, Toshiba, Mitsubishi Electric, Abengoa, etc.
This report focuses on the global HVDC Transmission System status, future forecast, growth opportunity, key market and key players. The study objectives are to present the HVDC Transmission System development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
The key players covered in this study
ABB
Siemens
XD
NR Electric
GE Grid Solution
NKT
TBEA
Xuji
Hitachi
Nexans
Toshiba
Mitsubishi Electric
Abengoa
Market segment by Type, the product can be split into
High-power Rating Projects
Low power Rating Projects
Market segment by Application, split into
Overhead Transmission
Underground Transmission
Subsea Transmission
Market segment by Regions/Countries, this report covers
North America
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global HVDC Transmission System status, future forecast, growth opportunity, key market and key players.
To present the HVDC Transmission System development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.
In this study, the years considered to estimate the market size of HVDC Transmission System are as follows:
History Year: 2015-2019
Base Year:
2019Estimated Year:
2020Forecast Year 2020 to 2026
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
