Global High Voltage Direct Current (HVDC) Transmission Competitive Landscape Professional Research Report 2025
Description
Research Summary
High Voltage Direct Current (HVDC) Transmission is an advanced technology for efficiently transmitting electrical power over long distances using direct current (DC) at high voltage levels. In contrast to traditional alternating current (AC) transmission, HVDC offers several advantages, including lower energy losses over extended distances, the ability to connect asynchronous power grids, and increased control over power flow. HVDC systems typically involve converting AC power from a generating station into DC for transmission, and then reconverting it to AC at the receiving end. This technology is particularly advantageous for connecting remote renewable energy sources, such as offshore wind farms, to distant load centers. HVDC transmission systems, comprising converters, transformers, and high-voltage DC cables, play a crucial role in modern power grids, enhancing overall efficiency, stability, and the integration of renewable energy into the electricity infrastructure.
According to DIResearch's in-depth investigation and research, the global High Voltage Direct Current (HVDC) Transmission market size was valued at XX Million USD in 2024 and is projected to reach XX Million USD by 2032, with a CAGR of XX% (2025-2032). Notably, the China market has changed rapidly in the past few years. By 2024, China's market size is expected to be XX Million USD, representing approximately XX% of the global market share. By 2032, it is anticipated to grow further to XX Million USD, contributing XX% to the worldwide market share.
The major global manufacturers of High Voltage Direct Current (HVDC) Transmission include Hitachi ABB Power Grids, Siemens, Prysmian Group, XD Group, GE Grid Solution, TBEA, Xuji Group, Nexans, NKT, Mitsubishi Electric, Toshiba Energy Systems & Solutions, NR Electric etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.
This report studies the market size, price trends and future development prospects of High Voltage Direct Current (HVDC) Transmission. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global High Voltage Direct Current (HVDC) Transmission market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.
The regions and countries in the report include North America, Europe, China, APAC (excl. China), Latin America and Middle East and Africa, covering the High Voltage Direct Current (HVDC) Transmission market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of High Voltage Direct Current (HVDC) Transmission industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.
The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.
Global Key Manufacturers of High Voltage Direct Current (HVDC) Transmission Include:
Hitachi ABB Power Grids
Siemens
Prysmian Group
XD Group
GE Grid Solution
TBEA
Xuji Group
Nexans
NKT
Mitsubishi Electric
Toshiba Energy Systems & Solutions
NR Electric
High Voltage Direct Current (HVDC) Transmission Product Segment Include:
Less than 400 KV
400-800 KV
Above 800 KV
High Voltage Direct Current (HVDC) Transmission Product Application Include:
Overhead Transmission
Underground Transmission
Subsea Transmission
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trends
Chapter 2: Global High Voltage Direct Current (HVDC) Transmission Industry PESTEL Analysis
Chapter 3: Global High Voltage Direct Current (HVDC) Transmission Industry Porter’s Five Forces Analysis
Chapter 4: Global High Voltage Direct Current (HVDC) Transmission Major Regional Market Size and Forecast Analysis
Chapter 5: Global High Voltage Direct Current (HVDC) Transmission Market Size and Forecast by Type and Application Analysis
Chapter 6: North America Passenger High Voltage Direct Current (HVDC) Transmission Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 7: Europe High Voltage Direct Current (HVDC) Transmission Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 8: China High Voltage Direct Current (HVDC) Transmission Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 9: APAC (Excl. China) High Voltage Direct Current (HVDC) Transmission Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 10: Latin America High Voltage Direct Current (HVDC) Transmission Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 11: Middle East and Africa High Voltage Direct Current (HVDC) Transmission Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 12: Global High Voltage Direct Current (HVDC) Transmission Competitive Analysis of Key Manufacturers (Revenue, Market Share, Regional Distribution and Industry Concentration)
Chapter 13: Key Company Profiles (Product Portfolio, Revenue and Gross Margin)
Chapter 14: Industrial Chain Analysis, Include Raw Material Suppliers, Distributors and Customers
Chapter 15: Research Findings and Conclusion
Chapter 16: Methodology and Data Sources
High Voltage Direct Current (HVDC) Transmission is an advanced technology for efficiently transmitting electrical power over long distances using direct current (DC) at high voltage levels. In contrast to traditional alternating current (AC) transmission, HVDC offers several advantages, including lower energy losses over extended distances, the ability to connect asynchronous power grids, and increased control over power flow. HVDC systems typically involve converting AC power from a generating station into DC for transmission, and then reconverting it to AC at the receiving end. This technology is particularly advantageous for connecting remote renewable energy sources, such as offshore wind farms, to distant load centers. HVDC transmission systems, comprising converters, transformers, and high-voltage DC cables, play a crucial role in modern power grids, enhancing overall efficiency, stability, and the integration of renewable energy into the electricity infrastructure.
According to DIResearch's in-depth investigation and research, the global High Voltage Direct Current (HVDC) Transmission market size was valued at XX Million USD in 2024 and is projected to reach XX Million USD by 2032, with a CAGR of XX% (2025-2032). Notably, the China market has changed rapidly in the past few years. By 2024, China's market size is expected to be XX Million USD, representing approximately XX% of the global market share. By 2032, it is anticipated to grow further to XX Million USD, contributing XX% to the worldwide market share.
The major global manufacturers of High Voltage Direct Current (HVDC) Transmission include Hitachi ABB Power Grids, Siemens, Prysmian Group, XD Group, GE Grid Solution, TBEA, Xuji Group, Nexans, NKT, Mitsubishi Electric, Toshiba Energy Systems & Solutions, NR Electric etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.
This report studies the market size, price trends and future development prospects of High Voltage Direct Current (HVDC) Transmission. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global High Voltage Direct Current (HVDC) Transmission market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.
The regions and countries in the report include North America, Europe, China, APAC (excl. China), Latin America and Middle East and Africa, covering the High Voltage Direct Current (HVDC) Transmission market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of High Voltage Direct Current (HVDC) Transmission industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.
The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.
Global Key Manufacturers of High Voltage Direct Current (HVDC) Transmission Include:
Hitachi ABB Power Grids
Siemens
Prysmian Group
XD Group
GE Grid Solution
TBEA
Xuji Group
Nexans
NKT
Mitsubishi Electric
Toshiba Energy Systems & Solutions
NR Electric
High Voltage Direct Current (HVDC) Transmission Product Segment Include:
Less than 400 KV
400-800 KV
Above 800 KV
High Voltage Direct Current (HVDC) Transmission Product Application Include:
Overhead Transmission
Underground Transmission
Subsea Transmission
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trends
Chapter 2: Global High Voltage Direct Current (HVDC) Transmission Industry PESTEL Analysis
Chapter 3: Global High Voltage Direct Current (HVDC) Transmission Industry Porter’s Five Forces Analysis
Chapter 4: Global High Voltage Direct Current (HVDC) Transmission Major Regional Market Size and Forecast Analysis
Chapter 5: Global High Voltage Direct Current (HVDC) Transmission Market Size and Forecast by Type and Application Analysis
Chapter 6: North America Passenger High Voltage Direct Current (HVDC) Transmission Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 7: Europe High Voltage Direct Current (HVDC) Transmission Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 8: China High Voltage Direct Current (HVDC) Transmission Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 9: APAC (Excl. China) High Voltage Direct Current (HVDC) Transmission Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 10: Latin America High Voltage Direct Current (HVDC) Transmission Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 11: Middle East and Africa High Voltage Direct Current (HVDC) Transmission Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 12: Global High Voltage Direct Current (HVDC) Transmission Competitive Analysis of Key Manufacturers (Revenue, Market Share, Regional Distribution and Industry Concentration)
Chapter 13: Key Company Profiles (Product Portfolio, Revenue and Gross Margin)
Chapter 14: Industrial Chain Analysis, Include Raw Material Suppliers, Distributors and Customers
Chapter 15: Research Findings and Conclusion
Chapter 16: Methodology and Data Sources
Table of Contents
170 Pages
- 1 High Voltage Direct Current (HVDC) Transmission Market Overview
- 1.1 Product Definition and Statistical Scope
- 1.2 High Voltage Direct Current (HVDC) Transmission Product by Type
- 1.2.1 Less than 400 KV
- 1.2.2 400-800 KV
- 1.2.3 Above 800 KV
- 1.3 High Voltage Direct Current (HVDC) Transmission Product by Application
- 1.3.1 Overhead Transmission
- 1.3.2 Underground Transmission
- 1.3.3 Subsea Transmission
- 1.4 Global High Voltage Direct Current (HVDC) Transmission Market Size Analysis (2020-2032)
- 1.5 High Voltage Direct Current (HVDC) Transmission Market Development Status and Trends
- 1.5.1 High Voltage Direct Current (HVDC) Transmission Industry Development Status Analysis
- 1.5.2 High Voltage Direct Current (HVDC) Transmission Industry Development Trends Analysis
- 2 High Voltage Direct Current (HVDC) Transmission Market PESTEL Analysis
- 2.1 Political Factors Analysis
- 2.2 Economic Factors Analysis
- 2.3 Social Factors Analysis
- 2.4 Technological Factors Analysis
- 2.5 Environmental Factors Analysis
- 2.6 Legal Factors Analysis
- 3 High Voltage Direct Current (HVDC) Transmission Market Porter's Five Forces Analysis
- 3.1 Competitive Rivalry
- 3.2 Threat of New Entrants
- 3.3 Bargaining Power of Suppliers
- 3.4 Bargaining Power of Buyers
- 3.5 Threat of Substitutes
- 4 Global High Voltage Direct Current (HVDC) Transmission Market Analysis by Regions
- 4.1 Global High Voltage Direct Current (HVDC) Transmission Overall Market: 2024 VS 2025 VS 2032
- 4.2 Global High Voltage Direct Current (HVDC) Transmission Revenue and Forecast Analysis (2020-2032)
- 4.2.1 Global High Voltage Direct Current (HVDC) Transmission Revenue and Market Share by Region (2020-2025)
- 4.2.2 Global High Voltage Direct Current (HVDC) Transmission Revenue Forecast by Region (2026-2032)
- 5 Global High Voltage Direct Current (HVDC) Transmission Market Size by Type and Application
- 5.1 Global High Voltage Direct Current (HVDC) Transmission Market Size by Type (2020-2032)
- 5.2 Global High Voltage Direct Current (HVDC) Transmission Market Size by Application (2020-2032)
- 6 North America
- 6.1 North America High Voltage Direct Current (HVDC) Transmission Market Size and Growth Rate Analysis (2020-2032)
- 6.2 North America Key Manufacturers Analysis
- 6.3 North America High Voltage Direct Current (HVDC) Transmission Market Size by Type
- 6.4 North America High Voltage Direct Current (HVDC) Transmission Market Size by Application
- 6.5 North America High Voltage Direct Current (HVDC) Transmission Market Size by Country
- 6.5.1 US
- 6.5.2 Canada
- 7 Europe
- 7.1 Europe High Voltage Direct Current (HVDC) Transmission Market Size and Growth Rate Analysis (2020-2032)
- 7.2 Europe Key Manufacturers Analysis
- 7.3 Europe High Voltage Direct Current (HVDC) Transmission Market Size by Type
- 7.4 Europe High Voltage Direct Current (HVDC) Transmission Market Size by Application
- 7.5 Europe High Voltage Direct Current (HVDC) Transmission Market Size by Country
- 7.5.1 Germany
- 7.5.2 France
- 7.5.3 United Kingdom
- 7.5.4 Italy
- 7.5.5 Spain
- 7.5.6 Benelux
- 8 China
- 8.1 China High Voltage Direct Current (HVDC) Transmission Market Size and Growth Rate Analysis (2020-2032)
- 8.2 China Key Manufacturers Analysis
- 8.3 China High Voltage Direct Current (HVDC) Transmission Market Size by Type
- 8.4 China High Voltage Direct Current (HVDC) Transmission Market Size by Application
- 9 APAC (excl. China)
- 9.1 APAC (excl. China) High Voltage Direct Current (HVDC) Transmission Market Size and Growth Rate Analysis (2020-2032)
- 9.2 APAC (excl. China) Key Manufacturers Analysis
- 9.3 APAC (excl. China) High Voltage Direct Current (HVDC) Transmission Market Size by Type
- 9.4 APAC (excl. China) High Voltage Direct Current (HVDC) Transmission Market Size by Application
- 9.5 APAC (excl. China) High Voltage Direct Current (HVDC) Transmission Market Size by Country
- 9.5.1 Japan
- 9.5.2 South Korea
- 9.5.3 India
- 9.5.4 Australia
- 9.5.5 Southeast Asia
- 10 Latin America
- 10.1 Latin America High Voltage Direct Current (HVDC) Transmission Market Size and Growth Rate Analysis (2020-2032)
- 10.2 Latin America Key Manufacturers Analysis
- 10.3 Latin America High Voltage Direct Current (HVDC) Transmission Market Size by Type
- 10.4 Latin America High Voltage Direct Current (HVDC) Transmission Market Size by Application
- 10.5 Latin America High Voltage Direct Current (HVDC) Transmission Market Size by Country
- 10.5.1 Mexico
- 10.5.2 Brazil
- 11 Middle East & Africa
- 11.1 Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market Size and Growth Rate Analysis (2020-2032)
- 11.2 Middle East & Africa Key Manufacturers Analysis
- 11.3 Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market Size by Type
- 11.4 Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market Size by Application
- 11.5 Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market Size by Country
- 11.5.1 Saudi Arabia
- 11.5.2 South Africa
- 12 Competition by Manufacturers
- 12.1 Global High Voltage Direct Current (HVDC) Transmission Market Revenue by Key Manufacturers (2021-2025)
- 12.2 High Voltage Direct Current (HVDC) Transmission Competitive Landscape Analysis and Market Dynamic
- 12.2.1 High Voltage Direct Current (HVDC) Transmission Competitive Landscape Analysis
- 12.2.2 Global Key Manufacturers Headquarter Location and Key Area Sales
- 12.2.3 Market Dynamic
- 13 Key Companies Analysis
- 13.1 Hitachi ABB Power Grids
- 13.1.1 Hitachi ABB Power Grids Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.1.2 Hitachi ABB Power Grids High Voltage Direct Current (HVDC) Transmission Product Portfolio
- 13.1.3 Hitachi ABB Power Grids High Voltage Direct Current (HVDC) Transmission Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 13.2 Siemens
- 13.2.1 Siemens Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.2.2 Siemens High Voltage Direct Current (HVDC) Transmission Product Portfolio
- 13.2.3 Siemens High Voltage Direct Current (HVDC) Transmission Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 13.3 Prysmian Group
- 13.3.1 Prysmian Group Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.3.2 Prysmian Group High Voltage Direct Current (HVDC) Transmission Product Portfolio
- 13.3.3 Prysmian Group High Voltage Direct Current (HVDC) Transmission Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 13.4 XD Group
- 13.4.1 XD Group Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.4.2 XD Group High Voltage Direct Current (HVDC) Transmission Product Portfolio
- 13.4.3 XD Group High Voltage Direct Current (HVDC) Transmission Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 13.5 GE Grid Solution
- 13.5.1 GE Grid Solution Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.5.2 GE Grid Solution High Voltage Direct Current (HVDC) Transmission Product Portfolio
- 13.5.3 GE Grid Solution High Voltage Direct Current (HVDC) Transmission Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 13.6 TBEA
- 13.6.1 TBEA Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.6.2 TBEA High Voltage Direct Current (HVDC) Transmission Product Portfolio
- 13.6.3 TBEA High Voltage Direct Current (HVDC) Transmission Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 13.7 Xuji Group
- 13.7.1 Xuji Group Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.7.2 Xuji Group High Voltage Direct Current (HVDC) Transmission Product Portfolio
- 13.7.3 Xuji Group High Voltage Direct Current (HVDC) Transmission Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 13.8 Nexans
- 13.8.1 Nexans Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.8.2 Nexans High Voltage Direct Current (HVDC) Transmission Product Portfolio
- 13.8.3 Nexans High Voltage Direct Current (HVDC) Transmission Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 13.9 NKT
- 13.9.1 NKT Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.9.2 NKT High Voltage Direct Current (HVDC) Transmission Product Portfolio
- 13.9.3 NKT High Voltage Direct Current (HVDC) Transmission Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 13.10 Mitsubishi Electric
- 13.10.1 Mitsubishi Electric Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.10.2 Mitsubishi Electric High Voltage Direct Current (HVDC) Transmission Product Portfolio
- 13.10.3 Mitsubishi Electric High Voltage Direct Current (HVDC) Transmission Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 13.11 Toshiba Energy Systems & Solutions
- 13.11.1 Toshiba Energy Systems & Solutions Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.11.2 Toshiba Energy Systems & Solutions High Voltage Direct Current (HVDC) Transmission Product Portfolio
- 13.11.3 Toshiba Energy Systems & Solutions High Voltage Direct Current (HVDC) Transmission Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 13.12 NR Electric
- 13.12.1 NR Electric Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.12.2 NR Electric High Voltage Direct Current (HVDC) Transmission Product Portfolio
- 13.12.3 NR Electric High Voltage Direct Current (HVDC) Transmission Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 14 Industry Chain Analysis
- 14.1 High Voltage Direct Current (HVDC) Transmission Industry Chain Analysis
- 14.2 High Voltage Direct Current (HVDC) Transmission Industry Raw Material and Suppliers Analysis
- 14.2.1 High Voltage Direct Current (HVDC) Transmission Key Raw Material Supply Analysis
- 14.2.2 Raw Material Suppliers and Contact Information
- 14.3 High Voltage Direct Current (HVDC) Transmission Typical Downstream Customers
- 14.4 High Voltage Direct Current (HVDC) Transmission Sales Channel Analysis
- 15 Research Findings and Conclusion
- 16 Methodology and Data Source
- 16.1 Methodology/Research Approach
- 16.2 Research Scope
- 16.3 Benchmarks and Assumptions
- 16.4 Date Source
- 16.4.1 Primary Sources
- 16.4.2 Secondary Sources
- 16.5 Data Cross Validation
- 16.6 Disclaimer
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