Global High Voltage DC Valve Market Growth 2026-2032
Description
The global High Voltage DC Valve market size is predicted to grow from US$ 1477 million in 2025 to US$ 2269 million in 2032; it is expected to grow at a CAGR of 6.5% from 2026 to 2032.
In 2025, global High Voltage DC Valve production reached approximately 18.86 M Units.The average price is approximately $80.High-voltage direct current (HVDC) valves are core power conversion devices in HVDC transmission systems, used to convert alternating current (AC) to direct current (DC) within converter stations. They consist of numerous high-power semiconductor devices (traditional thyristors or IGBTs/fully controlled devices in flexible DC systems) connected in series and parallel according to a specific topology (such as LCC or VSC/MMC), and are equipped with voltage and current sharing circuits, insulation and support structures, cooling systems, and measurement and protection units to achieve highly reliable and continuous operation under ultra-high voltage (±500 kV to ±1100 kV) and high current conditions.
Gross Profit Margin Levels
High-voltage DC valves (HVDC/UHVDC converter valves) are composite products combining high-reliability power electronic equipment and engineered delivery. Their gross profit margins are typically significantly affected by project-based fluctuations. On one hand, valve towers/assemblies need to achieve extremely low failure rates under high voltage, high current, complex electromagnetic environments, and long-term continuous operation, leading to higher design verification, redundancy, and quality costs. On the other hand, delivery is often tied to the overall contracting of converter stations or core equipment packages, and prices are significantly influenced by bidding competition, localization rates, the cost of key components (thyristors/IGBTs, insulation components, cooling systems, control and measurement), and supply chain cycles. Based on industry project practices, the gross profit margins of high-end valve systems from leading international manufacturers are typically between 25% and 35%, while those of domestic/regional manufacturers, often driven by intense bidding and localized delivery, tend to fall between 18% and 30%. Among these, "flexible DC MMC valves (with more modules and more complex control and pressure equalization)" usually have higher value and technological premiums, but also place greater demands on yield rates, testing, and a comprehensive lifecycle service system.
Industry Drivers
The core driver of the growth in demand for high-voltage direct current (HVDC) valves is the structural shift in the global power system from "local balancing" to "inter-regional interconnection + large-scale renewable energy transmission." HVDC is widely used for long-distance, low-loss, and high-capacity power transmission, as well as for more stably delivering clean energy such as wind, solar, and hydropower from distant locations to load centers. Simultaneously, inter-regional interconnection and power flow control have become crucial for enhancing grid resilience, reducing wind and solar curtailment, and supporting electricity market transactions. As countries advance energy transition and grid upgrades, the number of UHVDC and flexible direct current (VSC) projects is increasing, directly benefiting converter valves as the "core power conversion unit" of converter stations. For example, publicly available data indicates that the UHVDC converter valve market size was approximately one billion US dollars in 2024 and continues to grow, with several leading manufacturers accelerating HVDC project implementation and capacity/supply chain investment globally.
LP Information, Inc. (LPI) ' newest research report, the “High Voltage DC Valve Industry Forecast” looks at past sales and reviews total world High Voltage DC Valve sales in 2025, providing a comprehensive analysis by region and market sector of projected High Voltage DC Valve sales for 2026 through 2032. With High Voltage DC Valve sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world High Voltage DC Valve industry.
This Insight Report provides a comprehensive analysis of the global High Voltage DC Valve landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on High Voltage DC Valve portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global High Voltage DC Valve market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for High Voltage DC Valve and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global High Voltage DC Valve.
This report presents a comprehensive overview, market shares, and growth opportunities of High Voltage DC Valve market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Photoelectrically Controlled DC Valve
Electrically Controlled DC Valve
Segmentation by Core Component Types:
Thyristor Valve
IGBT Valve
Mercury Arc Valve
Segmentation by Voltage Levels:
≤±500 kV
±500–±800 kV
≥±800 kV
Segmentation by Application:
Power Industry
New Energy Industry
Transportation and Energy Supporting Facilities
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Hitachi Energy
Siemens Energy
GE Vernova Grid Solutions
Mitsubishi Electric
Toshiba
ABB Sifang
XJ Electric
NR Electric
NARI Technology
China XD Group
C-EPR
Beijing Sifang Automation
GEIRI
TBEA
RXPE
Hyosung Heavy Industries
LS Electric
Key Questions Addressed in this Report
What is the 10-year outlook for the global High Voltage DC Valve market?
What factors are driving High Voltage DC Valve market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do High Voltage DC Valve market opportunities vary by end market size?
How does High Voltage DC Valve break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
In 2025, global High Voltage DC Valve production reached approximately 18.86 M Units.The average price is approximately $80.High-voltage direct current (HVDC) valves are core power conversion devices in HVDC transmission systems, used to convert alternating current (AC) to direct current (DC) within converter stations. They consist of numerous high-power semiconductor devices (traditional thyristors or IGBTs/fully controlled devices in flexible DC systems) connected in series and parallel according to a specific topology (such as LCC or VSC/MMC), and are equipped with voltage and current sharing circuits, insulation and support structures, cooling systems, and measurement and protection units to achieve highly reliable and continuous operation under ultra-high voltage (±500 kV to ±1100 kV) and high current conditions.
Gross Profit Margin Levels
High-voltage DC valves (HVDC/UHVDC converter valves) are composite products combining high-reliability power electronic equipment and engineered delivery. Their gross profit margins are typically significantly affected by project-based fluctuations. On one hand, valve towers/assemblies need to achieve extremely low failure rates under high voltage, high current, complex electromagnetic environments, and long-term continuous operation, leading to higher design verification, redundancy, and quality costs. On the other hand, delivery is often tied to the overall contracting of converter stations or core equipment packages, and prices are significantly influenced by bidding competition, localization rates, the cost of key components (thyristors/IGBTs, insulation components, cooling systems, control and measurement), and supply chain cycles. Based on industry project practices, the gross profit margins of high-end valve systems from leading international manufacturers are typically between 25% and 35%, while those of domestic/regional manufacturers, often driven by intense bidding and localized delivery, tend to fall between 18% and 30%. Among these, "flexible DC MMC valves (with more modules and more complex control and pressure equalization)" usually have higher value and technological premiums, but also place greater demands on yield rates, testing, and a comprehensive lifecycle service system.
Industry Drivers
The core driver of the growth in demand for high-voltage direct current (HVDC) valves is the structural shift in the global power system from "local balancing" to "inter-regional interconnection + large-scale renewable energy transmission." HVDC is widely used for long-distance, low-loss, and high-capacity power transmission, as well as for more stably delivering clean energy such as wind, solar, and hydropower from distant locations to load centers. Simultaneously, inter-regional interconnection and power flow control have become crucial for enhancing grid resilience, reducing wind and solar curtailment, and supporting electricity market transactions. As countries advance energy transition and grid upgrades, the number of UHVDC and flexible direct current (VSC) projects is increasing, directly benefiting converter valves as the "core power conversion unit" of converter stations. For example, publicly available data indicates that the UHVDC converter valve market size was approximately one billion US dollars in 2024 and continues to grow, with several leading manufacturers accelerating HVDC project implementation and capacity/supply chain investment globally.
LP Information, Inc. (LPI) ' newest research report, the “High Voltage DC Valve Industry Forecast” looks at past sales and reviews total world High Voltage DC Valve sales in 2025, providing a comprehensive analysis by region and market sector of projected High Voltage DC Valve sales for 2026 through 2032. With High Voltage DC Valve sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world High Voltage DC Valve industry.
This Insight Report provides a comprehensive analysis of the global High Voltage DC Valve landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on High Voltage DC Valve portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global High Voltage DC Valve market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for High Voltage DC Valve and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global High Voltage DC Valve.
This report presents a comprehensive overview, market shares, and growth opportunities of High Voltage DC Valve market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Photoelectrically Controlled DC Valve
Electrically Controlled DC Valve
Segmentation by Core Component Types:
Thyristor Valve
IGBT Valve
Mercury Arc Valve
Segmentation by Voltage Levels:
≤±500 kV
±500–±800 kV
≥±800 kV
Segmentation by Application:
Power Industry
New Energy Industry
Transportation and Energy Supporting Facilities
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Hitachi Energy
Siemens Energy
GE Vernova Grid Solutions
Mitsubishi Electric
Toshiba
ABB Sifang
XJ Electric
NR Electric
NARI Technology
China XD Group
C-EPR
Beijing Sifang Automation
GEIRI
TBEA
RXPE
Hyosung Heavy Industries
LS Electric
Key Questions Addressed in this Report
What is the 10-year outlook for the global High Voltage DC Valve market?
What factors are driving High Voltage DC Valve market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do High Voltage DC Valve market opportunities vary by end market size?
How does High Voltage DC Valve break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
144 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for High Voltage DC Valve by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for High Voltage DC Valve by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
Pricing
Currency Rates
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