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Global HVDC Converter Stations Market 2018-2022

Global HVDC Converter Stations Market 2018-2022

About HVDC Converter Stations

Power is generated, transmitted, and distributed as alternating current (AC), and generally, power is also consumed as AC. However, when transmitting power over long distances such as from an offshore wind farm, an AC line would be uneconomical due to the high-power losses that such transmission involves.

Technavio’s analysts forecast the global HVDC converter stations market to grow at a CAGR of 20.56% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global HVDC converter stations market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global HVDC Converter Stations Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ABB
  • BHEL
  • GE Power
  • TOSHIBA
  • Mitsubishi Electric
  • Siemens
Market driver
  • Growth in offshore wind installations
  • For a full, detailed list, view our report
Market challenge
  • High capital investment
  • For a full, detailed list, view our report
Market trend
  • Development of supergrid
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global T&D market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global HVDC converter stations market - Market size and forecast 2017-2022 ($ mn)
      • Table Major HVDC markets
      • Table Right of way comparison for approximately 2 GW
      • Table Relative cost of 2,000 MW AC and DC transmission
      • Table Global HVDC converter stations market - Year over year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by technology
    • Segmentation by technology
      • Table Global HVDC converter stations market by technology - Market share 2017-2022 (%)
    • Comparison by technology
      • Table Comparison by technology
    • LCC - Market size and forecast 2017-2022
      • Table Global HVDC converter stations market by LCC- Market size and forecast 2017-2022 ($ mn)
      • Table Global HVDC converter stations market by LCC - Year over year growth 2018-2022 (%)
    • VSC - Market size and forecast 2017-2022
      • Table Global HVDC converter stations market by VSC - Market size and forecast 2017-2022 ($ mn)
      • Table Global HVDC converter stations market by VSC - Year over year growth 2018-2022 (%)
    • Market opportunity by technology
      • Table Market opportunity by technology
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Global HVDC converter stations market by region - Market share 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • APAC - Market size and forecast 2017-2022
      • Table HVDC converter stations market in APAC - Market size and forecast 2017-2022 ($ mn)
      • Table HVDC converter stations market in APAC - Year over year growth 2018-2022 (%)
    • EMEA - Market size and forecast 2017-2022
      • Table HVDC converter stations market in EMEA - Market size and forecast 2017-2022 ($ mn)
      • Table HVDC converter stations market in EMEA - Year over year growth 2018-2022 (%)
    • Americas - Market size and forecast 2017-2022
      • Table HVDC converter stations market in Americas - Market size and forecast 2017-2022 ($ mn)
      • Table HVDC converter stations market in Americas - Year over year growth 2018-2022 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Average distance of wind farm from shore (1991-2016)
      • Table Benefits of interconnected systems
    • Market challenges
      • Table Benefits of distribution generation
  • Market trends
    • Development of supergrid
    • Growing focus on energy efficiency
      • Table Countries with energy-efficiency targets and policies 2015
      • Table Global cumulative energy-efficiency investments 2014-2035 (%)
    • Growing investment in T&D infrastructure
      • Table Global investments in electricity networks, 2000-2016 ($ billions)
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • ABB
      • Table ABB overview
      • Table ABB - Business segments
      • Table ABB - Organizational developments
      • Table ABB - Geographic focus
      • Table ABB - Segment focus
      • Table ABB - Key offerings
    • BHEL
      • Table BHEL overview
      • Table BHEL - Business segments
      • Table BHEL - Organizational developments
      • Table BHEL - Geographic focus
      • Table BHEL - Segment focus
      • Table BHEL - Key offerings
    • GE Power
      • Table GE Power overview
      • Table GE Power - Business segments
      • Table GE Power - Organizational developments
      • Table GE Power - Geographic focus
      • Table GE Power* - Segment focus
      • Table GE Power - Key offerings
    • Mitsubishi Electric
      • Table Mitsubishi Electric overview
      • Table Mitsubishi Electric - Business segments
      • Table Mitsubishi Electric - Organizational developments
      • Table Mitsubishi Electric - Segment focus
      • Table Mitsubishi Electric - Geography focus
      • Table Mitsubishi Electric - Key offerings
    • Siemens
      • Table Siemens overview
      • Table Siemens - Business segments
      • Table Siemens - Organizational developments
      • Table Siemens - Geographic focus
      • Table Siemens - Segment focus
      • Table Siemens - Key offerings
    • TOSHIBA
      • Table TOSHIBA overview
      • Table TOSHIBA - Business segments
      • Table TOSHIBA - Organizational developments
      • Table TOSHIBA - Geographic focus
      • Table TOSHIBA - Segment focus
      • Table TOSHIBA - Key offerings
  • Abbreviation
    • List of abbreviations
  • Explore Technavio

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