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.
This report contains market size and forecasts of HVDC Systems in global, including the following market information:
Global HVDC Systems Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global HVDC Systems Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five HVDC Systems companies in 2021 (%)
The global HVDC Systems market was valued at 9179.3 million in 2021 and is projected to reach US$ 14150 million by 2028, at a CAGR of 6.4% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Point-to-Point Transmission Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of HVDC Systems include General Electric Co, Siemens AG, ABB Ltd, Mitsubishi Electric Corporation, Toshiba Corporation, American Superconductor Corp, Hitachi Ltd, Schneider Electric and Prysmian Group, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the HVDC Systems manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global HVDC Systems Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global HVDC Systems Market Segment Percentages, by Type, 2021 (%)
Point-to-Point Transmission
Back-to-Back Station
Multi-Terminal System
Global HVDC Systems Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global HVDC Systems Market Segment Percentages, by Application, 2021 (%)
Underground Power Transmission
Overhead Transmission
Offshore Power Transmission
Other
Global HVDC Systems Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global HVDC Systems Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies HVDC Systems revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies HVDC Systems revenues share in global market, 2021 (%)
Key companies HVDC Systems sales in global market, 2017-2022 (Estimated), (K Units)
Key companies HVDC Systems sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
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