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Saudi Arabia HVDC Transmission System Market, By Technology (Line Commutated Converter (LCC), Voltage Source Converter (VSC), Capacitor Commutated Converter (CCC)); By Component (Converter Stations, Transmission Cables, Transformers, Switchgear); By Appli

Publisher BlueWeave Consulting
Published Jun 25, 2025
Length 131 Pages
SKU # BLWC20227887

Description

Saudi Arabia HVDC Transmission System Market Size Set to Surpass USD 525 Million by 2031
Saudi Arabia HVDC Transmission System Market is flourishing due to an increasing demand for electricity driven by population growth and industrial expansion, coupled with the need to connect isolated power grids.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Saudi Arabia HVDC Transmission System Market size by value at USD 314.43 million in 2024. During the forecast period between 2025 and 2031, BlueWeave expects Saudi Arabia HVDC Transmission System Market size to boom at a significant CAGR of 7.6% reaching a value of USD 525.05 million by 2031. Prominent drivers of Saudi Arabia HVDC Transmission System Market include the advantages of HVDC transmission systems, offering advanced control capabilities, and allowing for precise regulation of application flows and voltage levels. As a result, HVDC transmission systems enhance grid stability, reduce the risk of blackouts, and improve the overall reliability of the electricity supply.
Opportunity – Increasing Focus on Decarbonization in Power Sector
The shift toward decarbonization in Saudi Arabia’s power sector is fundamentally transforming the country’s energy landscape and creating significant opportunities for HVDC (High Voltage Direct Current) transmission systems. As part of its Vision 2030 strategy, Saudi Arabia is committed to reducing its reliance on fossil fuels and increasing the share of renewable energy in its power mix, with ambitious targets for solar and wind capacity. However, HVDC systems offer superior controllability and grid stability, which are essential for integrating variable renewable energy sources like solar and wind. They allow for precise management of power flows and can help stabilize the grid by quickly responding to fluctuations in generation or demand. This is especially valuable as the share of renewables increases, as renewable output can be intermittent and less predictable than conventional power sources.
LCC Technology Leads Saudi Arabia HVDC Transmission System Market
The dominant technology segment in the Saudi Arabia HVDC Transmission System Market is the Line Commutated Converter (LCC) technology. LCC uses thyristor-based systems. The technology has traditionally been the preferred choice for high-capacity and long-distance power transmission projects, due to its proven reliability, robustness, and cost-effectiveness for large-scale installations. It effectively handles large-scale energy transfers and is well-established in existing HVDC projects across the country. While Voltage Source Converter (VSC) technology is gaining traction for its flexibility and suitability for integrating renewables and asynchronous grids.
Utilities Segment Is Largest End User of HVDC Transmission System
The utilities segment dominates Saudi Arabia HVDC Transmission System Market in terms of end user. National and regional grid operators represent the largest share due to ongoing grid modernization, expansion projects, and the integration of renewable energy sources into the national grid. These utilities are leading investors in HVDC infrastructure to enhance power management, reduce transmission losses, and ensure stable, high-capacity electricity delivery across the country, supporting Saudi Arabia’s Vision 2030 and its energy transition goals.
Impact of Escalating Geopolitical Tensions on Saudi Arabia HVDC Transmission System Market
Intensifying geopolitical tensions among countries across the regions are reshaping Saudi Arabia HVDC Transmission System Market through disrupt supply chains, inflate costs for critical HVDC components, and delay project timelines due to increased risk aversion among investors and contractors. As Saudi Arabia navigates a complex diplomatic landscape-balancing relations with major countries, such as the US, China, and Russia, its ability to maintain stable partnerships is crucial for securing the technology transfers, expertise, and international investments needed for large scale HVDC projects.

Competitive Landscape
Major players operating in Saudi Arabia HVDC Transmission System Market include ABB Ltd, Siemens Energy AG, General Electric Company, Schneider Electric SE, Mitsubishi Electric Corporation, Hitachi Energy Ltd, NR Electric Co., Ltd, Toshiba Energy Systems & Solutions Corporation, Sungrow Power Supply Co., Ltd, and AESC Group Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The report's in-depth analysis provides information about growth potential, upcoming trends, and Saudi Arabia HVDC Transmission System Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Saudi Arabia HVDC Transmission System Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

Table of Contents

131 Pages
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. Saudi Arabia HVDC Transmission System Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Increasing investments in smart grid modernization
3.2.1.2. Growing adoption of renewable energy sources
3.2.1.3. Expansion of cross-border power exchange
3.2.2. Restraints
3.2.2.1. High Initial Capital Investment
3.2.2.2. Shortage of Local Expertise
3.2.3. Opportunities
3.2.3.1. Shifting Towards the Decarbonization in the Power Sector
3.2.3.2. Increased public and private sector investments
3.2.4. Challenges
3.2.4.1. Operational and Maintenance Difficulties
3.2.4.2. Regulatory and Logistical Hurdles
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Saudi Arabia HVDC Transmission System Market: Marketing Strategies
5. Saudi Arabia HVDC Transmission System Market: Pricing Analysis
6. Saudi Arabia HVDC Transmission System Market Overview
6.1. Market Size & Forecast, 2019–2031
6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
6.2.1. By Technology
6.2.1.1. Line Commutated Converter (LCC)
6.2.1.2. Voltage Source Converter (VSC)
6.2.1.3. Capacitor Commutated Converter (CCC)
6.2.2. By Component
6.2.2.1. Converter Stations
6.2.2.2. Transmission Cables
6.2.2.3. Transformers
6.2.2.4. Switchgear
6.2.3. By Application
6.2.3.1. Bulk Power Transmission
6.2.3.2. Interconnecting Grids
6.2.3.3. Infeed Urban Areas
6.2.3.4. Subsea, Underground, Overhead
6.2.4. By End User
6.2.4.1. Utilities
6.2.4.2. Industrial
6.2.4.3. Commercial
6.2.4.4. Residential
7. Competitive Landscape
7.1. List of Key Players and Their End Users
7.2. Saudi Arabia Automotive Retail Company Market Share Analysis, 2024
7.3. Competitive Benchmarking, By Operating Parameters
7.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
8. Impact of Escalating Geopolitical Tensions on Saudi Arabia HVDC Transmission System Market
9. Company Profiles (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
9.1. ABB Ltd
9.2. Siemens Energy AG
9.3. General Electric Company
9.4. Schneider Electric SE
9.5. Mitsubishi Electric Corporation
9.6. Hitachi Energy Ltd
9.7. NR Electric Co., Ltd
9.8. Toshiba Energy Systems & Solutions Corporation
9.9. Sungrow Power Supply Co., Ltd
9.10. AESC Group Ltd
9.11. Other Prominent Players
10. Key Strategic Recommendations
11. Research Methodology
11.1. Qualitative Research
11.1.1. Primary & Secondary Research
11.2. Quantitative Research
11.3. Market Breakdown & Data Triangulation
11.3.1. Secondary Research
11.3.2. Primary Research
11.4. Breakdown of Primary Research Respondents
11.5. Assumption & Limitation
*Financial information of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
Figure 1 Saudi Arabia HVDC Transmission System Market Segmentation
Figure 2 Saudi Arabia HVDC Transmission System Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2024
Figure 4 Saudi Arabia HVDC Transmission System Market Size, By Value (USD Million), 2019–2031
Figure 5 Saudi Arabia HVDC Transmission System Market Share, By Technology, By Value (USD Million) 2019–2031
Figure 6 Saudi Arabia HVDC Transmission System Market Share, By Component, By Value (USD Million) 2019–2031
Figure 7 Saudi Arabia HVDC Transmission System Market Share, By Application, By Value (USD Million) 2019–2031
Figure 8 Saudi Arabia HVDC Transmission System Market Share, By End User, By Value (USD Million) 2019–2031
List of Tables
Table 1 Saudi Arabia HVDC Transmission System Market Share, By Technology, By Value (USD Million) 2019–2031
Table 2 Saudi Arabia HVDC Transmission System Market Share, By Component, By Value (USD Million) 2019–2031
Table 3 Saudi Arabia HVDC Transmission System Market Share, By Application, By Value (USD Million) 2019–2031
Table 4 Saudi Arabia HVDC Transmission System Market Share, By End User, By Value (USD Million) 2019–2031
Table 5 ABB Ltd Company Overview
Table 6 ABB Ltd Financial Overview
Table 7 Siemens Energy AG Company Overview
Table 8 Siemens Energy AG Financial Overview
Table 9 General Electric Company: Company Overview
Table 10 General Electric Company Financial Overview
Table 11 Schneider Electric SE Company Overview
Table 12 Schneider Electric SE Financial Overview
Table 13 Mitsubishi Electric Corporation Company Overview
Table 14 Mitsubishi Electric Corporation Financial Overview
Table 15 Hitachi Energy Ltd Company Overview
Table 16 Hitachi Energy Ltd Financial Overview
Table 17 NR Electric Co., Ltd Company Overview
Table 18 NR Electric Co., Ltd Financial Overview
Table 19 Toshiba Energy Systems & Solutions Corporation Company Overview
Table 20 Toshiba Energy Systems & Solutions Corporation Financial Overview
Table 21 Sungrow Power Supply Co., Ltd Company Overview
Table 22 Sungrow Power Supply Co., Ltd Financial Overview
Table 23 AESC Group Ltd Company Overview
Table 24 AESC Group Ltd Financial Overview

Pricing

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