Global High Voltage Direct Current (HVDC) Transmission Supply, Demand and Key Producers, 2026-2032

The global High Voltage Direct Current (HVDC) Transmission market size is expected to reach $ 18090 million by 2032, rising at a market growth of 6.9% CAGR during the forecast period (2026-2032).

HVDC Transmission 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.

Global key players of high voltage direct current (HVDC) transmission include Hitachi ABB Power Grids, Siemens, Prysmian Group, XD Group and GE Grid Solution, etc. Top 2 players occupy for a share about 45%. Asia-Pacific is the largest market, with a share about 62%, followed by North America and Europe. In terms of product, less than 400 KV is the largest segment, with a share over 56%. In terms of application, overhead transmission is the largest market, with a share over 74%.

This report studies the global High Voltage Direct Current (HVDC) Transmission demand, key companies, and key regions.

This report is a detailed and comprehensive analysis of the world market for High Voltage Direct Current (HVDC) Transmission, 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 (HVDC) Transmission that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global High Voltage Direct Current (HVDC) Transmission total market, 2021-2032, (USD Million)

Global High Voltage Direct Current (HVDC) Transmission total market by region & country, CAGR, 2021-2032, (USD Million)

U.S. VS China: High Voltage Direct Current (HVDC) Transmission total market, key domestic companies, and share, (USD Million)

Global High Voltage Direct Current (HVDC) Transmission revenue by player, revenue and market share 2021-2026, (USD Million)

Global High Voltage Direct Current (HVDC) Transmission total market by Type, CAGR, 2021-2032, (USD Million)

Global High Voltage Direct Current (HVDC) Transmission total market by Application, CAGR, 2021-2032, (USD Million)

This report profiles major players in the global High Voltage Direct Current (HVDC) Transmission 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 ABB Power Grids, 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 (HVDC) Transmission 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 (HVDC) Transmission Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global High Voltage Direct Current (HVDC) Transmission Market, Segmentation by Type:
Less than 400 KV
400-800 KV
Above 800 KV

Global High Voltage Direct Current (HVDC) Transmission Market, Segmentation by Application:
Overhead Transmission
Underground Transmission
Subsea Transmission

Companies Profiled:
Hitachi ABB Power Grids
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 (HVDC) Transmission market?

2. What is the demand of the global High Voltage Direct Current (HVDC) Transmission market?

3. What is the year over year growth of the global High Voltage Direct Current (HVDC) Transmission market?

4. What is the total value of the global High Voltage Direct Current (HVDC) Transmission market?

5. Who are the Major Players in the global High Voltage Direct Current (HVDC) Transmission market?

6. What are the growth factors driving the market demand? Show more