Report cover image

North America HVDC Transmission Market Size, Share & Industry Trends Analysis Report By Project Type, By Technology, By Application, By Component (Converter Stations, Transmission Cables, and Others), By Country and Growth Forecast, 2023 - 2030

Publisher Knowledge Based Value (KBV) Research
Published Oct 31, 2023
Length 137 Pages
SKU # KBV18339078

Description

North America HVDC Transmission Market Size, Share & Industry Trends Analysis Report By Project Type, By Technology, By Application, By Component (Converter Stations, Transmission Cables, and Others), By Country and Growth Forecast, 2023 - 2030


The North America HVDC Transmission Market would witness market growth of 5.1% CAGR during the forecast period (2023-2030).

The HVDC transmission market is driven by the increasing demand for VSC technology. Usually, HVDC technology is generally used to transmit electricity over extended distances. In addition, the rising demand for high-voltage direct current transmission is primarily attributable to the increasing global demand for electricity. Increasing power demand is driving the need for an efficient and dependable transmission infrastructure, and HVDC transmission systems are being considered a solution. HVDC technology enables the development of international power lines between adjacent nations or regions.

Continuous advancements in HVDC technology, including voltage-source converters (VSC-HVDC) and line-commutated converters (LCC-HVDC), drive the market's development. VSC-HVDC systems are gaining popularity due to their improved controllability and performance. Prominent companies involved in the HVDC transmission market include ABB, Siemens, General Electric (GE), Hitachi ABB Power Grids, and Toshiba. These companies provide various HVDC solutions and services. Government support and policies to enhance grid infrastructure, promote renewable energy, and improve energy efficiency play a vital role in the growth of the HVDC transmission market.

North America has been witnessing a significant increase in renewable energy generation, particularly from sources such as wind and solar. HVDC transmission is essential for efficiently transporting renewable energy to urban and load centres from remote areas with abundant resources. Projects like the Plains & Eastern Clean Line and the Champlain Hudson Power Express in the United States are examples of HVDC lines aimed at integrating renewable energy. North America's neighbouring countries, such as the United States, Canada, and Mexico, are increasingly interconnected through HVDC transmission lines. These factors will propel the growth of the market.

The US market dominated the North America HVDC Transmission Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,111.9 million by 2030. The Canada market is experiencing a CAGR of 7.5% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.5% during (2023 - 2030).

Based on Project Type, the market is segmented into Point-to-point (Monopolar Transmission Systems, and Bipolar Transmission Systems), Back-to-back, and Multi-terminal. Based on Technology, the market is segmented into Line Commutated Converter (LCC), Capacitor Commutated Converter (CCC), and Voltage Source Converter (VSC). Based on Application, the market is segmented into Bulk Power Transmission, Interconnecting Grids, and Infeed Urban Areas. Based on Component, the market is segmented into Converter Stations, Transmission Cables, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hitachi, Ltd., Mitsubishi Electric Corporation, Siemens Energy AG, General Electric Company, Prysmian Group, Toshiba Corporation, NKT Photonics A/S (NKT A/S), Nexans S.A., LS ELECTRIC CO., Ltd, and NR Electric Co., Ltd. (NARI Technology Development Limited Co.)

Scope of the Study

Market Segments covered in the Report:

By Project Type
  • Point-to-point
  • Monopolar Transmission Systems
  • Bipolar Transmission Systems
  • Back-to-back
  • Multi-terminal
By Technology
  • Line Commutated Converter (LCC)
  • Capacitor Commutated Converter (CCC)
  • Voltage Source Converter (VSC)
By Application
  • Bulk Power Transmission
  • Interconnecting Grids
  • Infeed Urban Areas
By Component
  • Converter Stations
  • Transmission Cables
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America
Companies Profiled
  • Hitachi, Ltd.
  • Mitsubishi Electric Corporation
  • Siemens Energy AG
  • General Electric Company
  • Prysmian Group
  • Toshiba Corporation
  • NKT Photonics A/S (NKT A/S)
  • Nexans S.A.
  • LS ELECTRIC CO., Ltd
  • NR Electric Co., Ltd. (NARI Technology Development Limited Co.)
Unique Offerings from KBV Research
  • Exhaustive coverage
  • Highest number of market tables and figures
  • Subscription based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

137 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America HVDC Transmission Market, by Project Type
1.4.2 North America HVDC Transmission Market, by Technology
1.4.3 North America HVDC Transmission Market, by Application
1.4.4 North America HVDC Transmission Market, by Component
1.4.5 North America HVDC Transmission Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 Market Share Analysis, 2022
4.2 Porter Five Forces Analysis
Chapter 5. North America HVDC Transmission Market by Project Type
5.1 North America Point-to-point Market by Country
5.2 North America HVDC Transmission Market by Point-to-point Type
5.2.1 North America Monopolar Transmission Systems Market by Region
5.2.2 North America Bipolar Transmission Systems Market by Region
5.3 North America Back-to-back Market by Country
5.4 North America Multi-terminal Market by Country
Chapter 6. North America HVDC Transmission Market by Technology
6.1 North America Line Commutated Converter (LCC) Market by Country
6.2 North America Capacitor Commutated Converter (CCC) Market by Country
6.3 North America Voltage Source Converter (VSC) Market by Country
Chapter 7. North America HVDC Transmission Market by Application
7.1 North America Bulk Power Transmission Market by Country
7.2 North America Interconnecting Grids Market by Country
7.3 North America Infeed Urban Areas Market by Country
Chapter 8. North America HVDC Transmission Market by Component
8.1 North America Converter Stations Market by Country
8.2 North America Transmission Cables Market by Country
8.3 North America Others Market by Country
Chapter 9. North America HVDC Transmission Market by Country
9.1 US HVDC Transmission Market
9.1.1 US HVDC Transmission Market by Project Type
9.1.1.1 US HVDC Transmission Market by Point-to-point Type
9.1.2 US HVDC Transmission Market by Technology
9.1.3 US HVDC Transmission Market by Application
9.1.4 US HVDC Transmission Market by Component
9.2 Canada HVDC Transmission Market
9.2.1 Canada HVDC Transmission Market by Project Type
9.2.1.1 Canada HVDC Transmission Market by Point-to-point Type
9.2.2 Canada HVDC Transmission Market by Technology
9.2.3 Canada HVDC Transmission Market by Application
9.2.4 Canada HVDC Transmission Market by Component
9.3 Mexico HVDC Transmission Market
9.3.1 Mexico HVDC Transmission Market by Project Type
9.3.1.1 Mexico HVDC Transmission Market by Point-to-point Type
9.3.2 Mexico HVDC Transmission Market by Technology
9.3.3 Mexico HVDC Transmission Market by Application
9.3.4 Mexico HVDC Transmission Market by Component
9.4 Rest of North America HVDC Transmission Market
9.4.1 Rest of North America HVDC Transmission Market by Project Type
9.4.1.1 Rest of North America HVDC Transmission Market by Point-to-point Type
9.4.2 Rest of North America HVDC Transmission Market by Technology
9.4.3 Rest of North America HVDC Transmission Market by Application
9.4.4 Rest of North America HVDC Transmission Market by Component
Chapter 10. Company Profiles
10.1 Hitachi, Ltd.
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expenses
10.1.5 Recent strategies and developments:
10.1.5.1 Partnerships, Collaborations, and Agreements:
10.1.6 SWOT Analysis
10.2 Mitsubishi Electric Corporation
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expense
10.2.5 Recent strategies and developments:
10.2.5.1 Partnerships, Collaborations, and Agreements:
10.2.5.2 Acquisition and Mergers:
10.2.6 SWOT Analysis
10.3 Siemens Energy AG
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expense
10.3.5 Recent strategies and developments:
10.3.5.1 Acquisition and Mergers:
10.3.6 SWOT Analysis
10.4 General Electric Company
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expense
10.4.5 SWOT Analysis
10.5 Prysmian Group
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expenses
10.5.5 Recent strategies and developments:
10.5.5.1 Partnerships, Collaborations, and Agreements:
10.5.6 SWOT Analysis
10.6 Toshiba Corporation
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research and Development Expense
10.6.5 SWOT Analysis
10.7 NKT Photonics A/S (NKT A/S)
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expenses
10.7.5 Recent strategies and developments:
10.7.5.1 Partnerships, Collaborations, and Agreements:
10.7.6 SWOT Analysis
10.8 Nexans S.A.
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental and Regional Analysis
10.8.4 Research & Development Expense
10.8.5 SWOT Analysis
10.9 LS ELECTRIC CO., Ltd
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 SWOT Analysis
10.1 NR Electric Co., Ltd. (NARI Technology Development Limited Co.)
10.10.1 Company Overview
10.10.2 SWOT Analysis

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Request A Sample
Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us