Global High Voltage Direct Current Electric Power Transmission System Supply, Demand and Key Producers, 2026-2032
Description
The global High Voltage Direct Current Electric Power Transmission System market size is expected to reach $ 19100 million by 2032, rising at a market growth of 6.7% CAGR during the forecast period (2026-2032).
High Voltage Direct Current Electric Power 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. 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.
The key service providers of the High Voltage Direct Current Electric Power Transmission System in the world are Hitachi Energy, Siemens, Prysmian Group, XD Group, GE Grid Solution, TBEA, Xuji Group and Nexans, among which the top three service providers account for more than 50% of the market share, and Hitachi Energy is the largest service provider. The global high voltage direct current electric power transmission system services are mainly distributed in North America, Europe, China and Japan, among which the market share of the top three regions is close to 90%. At present, China is the largest service provider region, followed by Europe. In terms of its service type, the growth rate of systems with voltage above 800KV is relatively fast. At present, the market share of systems with voltage less than 400KV is the highest, more than 50%, followed by systems with voltage between 400KV and 800KV. In terms of its application, overhead transmission is the largest application field, with a market share of more than 70%, followed by subsea transmission and underground transmission.
The competition among vendors will increase during the forecast period. Vendors will compete to deliver competitive advantages in the market on the basis of pricing, user-friendly interfaces, value-added benefits, and service portfolios. During the forecast period, we expect this competition to intensify with an increase in product extensions.
Technological innovations have an important role in driving the growth of the market. To sustain in the competitive market, vendors should develop new ideas and technologies and stay up-to-date with the advanced technologies.
The HVDC transmission market in APAC is presently witnessing an exponential growth in terms of power consumption. The development of power infrastructure in this region offers many growth opportunities for market players. China is investing heavily in renewable energy and implementing latest UHVDC technology for power transmission.
The interconnection of HVDC and therefore the AC grid has toughened the reliability and capacity of power grids. Growing electricity consumption is one of the first factors driving the worldwide HVDC Transmission Market.
Electricity transmission through such lines leads to much lower transmission losses owing to high voltage during transmission and therefore the nature of direct current, and hence the adoption of high voltage direct current (HVDC) transmission is increasing significantly. The need for lesser space for the towers carrying HVDC transmission lines is additionally one of the key factors driving the global HVDC Transmission Market.
Increase in installation of offshore wind power generation projects is anticipated to drive the HVDC transmission systems market. Large amount of power generation is feasible through offshore wind energy; therefore, the generated energy can be distributed to locations with high demand for electricity.
This report studies the global High Voltage Direct Current Electric Power Transmission System demand, key companies, and key regions.
This report is a detailed and comprehensive analysis of the world market for High Voltage Direct Current Electric Power Transmission System, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of High Voltage Direct Current Electric Power Transmission System that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global High Voltage Direct Current Electric Power Transmission System total market, 2021-2032, (USD Million)
Global High Voltage Direct Current Electric Power Transmission System total market by region & country, CAGR, 2021-2032, (USD Million)
U.S. VS China: High Voltage Direct Current Electric Power Transmission System total market, key domestic companies, and share, (USD Million)
Global High Voltage Direct Current Electric Power Transmission System revenue by player, revenue and market share 2021-2026, (USD Million)
Global High Voltage Direct Current Electric Power Transmission System total market by Type, CAGR, 2021-2032, (USD Million)
Global High Voltage Direct Current Electric Power Transmission System total market by Application, CAGR, 2021-2032, (USD Million)
This report profiles major players in the global High Voltage Direct Current Electric Power Transmission System market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Hitachi Energy, Siemens, Prysmian Group, XD Group, GE Grid Solution, TBEA, Xuji Group, Nexans, NKT, Toshiba Energy Systems & Solutions, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the world High Voltage Direct Current Electric Power Transmission System market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global High Voltage Direct Current Electric Power Transmission System Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global High Voltage Direct Current Electric Power Transmission System Market, Segmentation by Type:
Less than 400 KV
400-800 KV
Above 800 KV
Global High Voltage Direct Current Electric Power Transmission System Market, Segmentation by Application:
Subsea Transmission
Underground Transmission
Overhead Transmission
Companies Profiled:
Hitachi Energy
Siemens
Prysmian Group
XD Group
GE Grid Solution
TBEA
Xuji Group
Nexans
NKT
Toshiba Energy Systems & Solutions
Mitsubishi Electric
NR Electric
Key Questions Answered
1. How big is the global High Voltage Direct Current Electric Power Transmission System market?
2. What is the demand of the global High Voltage Direct Current Electric Power Transmission System market?
3. What is the year over year growth of the global High Voltage Direct Current Electric Power Transmission System market?
4. What is the total value of the global High Voltage Direct Current Electric Power Transmission System market?
5. Who are the Major Players in the global High Voltage Direct Current Electric Power Transmission System market?
6. What are the growth factors driving the market demand?
High Voltage Direct Current Electric Power 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. 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.
The key service providers of the High Voltage Direct Current Electric Power Transmission System in the world are Hitachi Energy, Siemens, Prysmian Group, XD Group, GE Grid Solution, TBEA, Xuji Group and Nexans, among which the top three service providers account for more than 50% of the market share, and Hitachi Energy is the largest service provider. The global high voltage direct current electric power transmission system services are mainly distributed in North America, Europe, China and Japan, among which the market share of the top three regions is close to 90%. At present, China is the largest service provider region, followed by Europe. In terms of its service type, the growth rate of systems with voltage above 800KV is relatively fast. At present, the market share of systems with voltage less than 400KV is the highest, more than 50%, followed by systems with voltage between 400KV and 800KV. In terms of its application, overhead transmission is the largest application field, with a market share of more than 70%, followed by subsea transmission and underground transmission.
The competition among vendors will increase during the forecast period. Vendors will compete to deliver competitive advantages in the market on the basis of pricing, user-friendly interfaces, value-added benefits, and service portfolios. During the forecast period, we expect this competition to intensify with an increase in product extensions.
Technological innovations have an important role in driving the growth of the market. To sustain in the competitive market, vendors should develop new ideas and technologies and stay up-to-date with the advanced technologies.
The HVDC transmission market in APAC is presently witnessing an exponential growth in terms of power consumption. The development of power infrastructure in this region offers many growth opportunities for market players. China is investing heavily in renewable energy and implementing latest UHVDC technology for power transmission.
The interconnection of HVDC and therefore the AC grid has toughened the reliability and capacity of power grids. Growing electricity consumption is one of the first factors driving the worldwide HVDC Transmission Market.
Electricity transmission through such lines leads to much lower transmission losses owing to high voltage during transmission and therefore the nature of direct current, and hence the adoption of high voltage direct current (HVDC) transmission is increasing significantly. The need for lesser space for the towers carrying HVDC transmission lines is additionally one of the key factors driving the global HVDC Transmission Market.
Increase in installation of offshore wind power generation projects is anticipated to drive the HVDC transmission systems market. Large amount of power generation is feasible through offshore wind energy; therefore, the generated energy can be distributed to locations with high demand for electricity.
This report studies the global High Voltage Direct Current Electric Power Transmission System demand, key companies, and key regions.
This report is a detailed and comprehensive analysis of the world market for High Voltage Direct Current Electric Power Transmission System, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of High Voltage Direct Current Electric Power Transmission System that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global High Voltage Direct Current Electric Power Transmission System total market, 2021-2032, (USD Million)
Global High Voltage Direct Current Electric Power Transmission System total market by region & country, CAGR, 2021-2032, (USD Million)
U.S. VS China: High Voltage Direct Current Electric Power Transmission System total market, key domestic companies, and share, (USD Million)
Global High Voltage Direct Current Electric Power Transmission System revenue by player, revenue and market share 2021-2026, (USD Million)
Global High Voltage Direct Current Electric Power Transmission System total market by Type, CAGR, 2021-2032, (USD Million)
Global High Voltage Direct Current Electric Power Transmission System total market by Application, CAGR, 2021-2032, (USD Million)
This report profiles major players in the global High Voltage Direct Current Electric Power Transmission System market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Hitachi Energy, Siemens, Prysmian Group, XD Group, GE Grid Solution, TBEA, Xuji Group, Nexans, NKT, Toshiba Energy Systems & Solutions, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the world High Voltage Direct Current Electric Power Transmission System market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global High Voltage Direct Current Electric Power Transmission System Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global High Voltage Direct Current Electric Power Transmission System Market, Segmentation by Type:
Less than 400 KV
400-800 KV
Above 800 KV
Global High Voltage Direct Current Electric Power Transmission System Market, Segmentation by Application:
Subsea Transmission
Underground Transmission
Overhead Transmission
Companies Profiled:
Hitachi Energy
Siemens
Prysmian Group
XD Group
GE Grid Solution
TBEA
Xuji Group
Nexans
NKT
Toshiba Energy Systems & Solutions
Mitsubishi Electric
NR Electric
Key Questions Answered
1. How big is the global High Voltage Direct Current Electric Power Transmission System market?
2. What is the demand of the global High Voltage Direct Current Electric Power Transmission System market?
3. What is the year over year growth of the global High Voltage Direct Current Electric Power Transmission System market?
4. What is the total value of the global High Voltage Direct Current Electric Power Transmission System market?
5. Who are the Major Players in the global High Voltage Direct Current Electric Power Transmission System market?
6. What are the growth factors driving the market demand?
Table of Contents
123 Pages
- 1 Supply Summary
- 2 Demand Summary
- 3 World High Voltage Direct Current Electric Power Transmission System Companies Competitive Analysis
- 4 United States VS China VS Rest of World (by Headquarter Location)
- 5 Market Analysis by Type
- 6 Market Analysis by Application
- 7 Company Profiles
- 8 Industry Chain Analysis
- 9 Research Findings and Conclusion
- 10 Appendix
Pricing
Currency Rates
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