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HVDC Transmission Market by Component (Converter Stations, Transmission Cables, and Others), Project Type (Point-to-Point, Back-to-Back, and Multi-Terminal), Technology (CCC, VSC, and lCC), Application, and Geography - Global Forecast to 2024

HVDC Transmission Market by Component (Converter Stations, Transmission Cables, and Others), Project Type (Point-to-Point, Back-to-Back, and Multi-Terminal), Technology (CCC, VSC, and lCC), Application, and Geography - Global Forecast to 2024

“HVDC transmission market to grow at CAGR of 6.9% from 2018 to 2024”
The HVDC transmission market is projected to reach USD 12.3 billion by 2024 from USD 8.2 billion in 2018, at a CAGR of 6.9% during 2018-2024. The growth of this market can largely be attributed to optimal solutions for long distance transmission, growing demand for VSC technology, shift toward renewable energy, and supportive government policies and initiatives for HVDC transmission. However, the high cost of installing HVDC transmission systems is expected to restrict the growth of the said market to a certain extent.

“Converter stations to register highest growth in HVDC transmission market during forecast period”
The market for converter stations is expected to grow at the highest CAGR during the forecast period. In HVDC transmission systems, converters are bi-directional: operating as a rectifier (converting AC to DC), and as an inverter (converting DC to AC). Converter stations comprise several converters in series or parallel. The requirement for more efficient power transmission and connecting asynchronous grids has filliped the demand for HVDC converter stations in recent years. These factors are expected to boost the adoption of converter stations in the coming years.

“Bulk power transmission to hold largest share of HVDC transmission market during forecast period”
HVDC systems are preferred for sending bulk power across long distances, with fewer power losses. That makes the underlying technology valuable for overcoming an important problem associated with renewable energy generation. HVDC is economical, which results in higher efficiency, no reactive power compensation, and more stable and reliable operations than an equivalent high voltage alternating current (HVAC) system transmitting the same amount of power.

“HVDC transmission market in APAC to register highest growth during forecast period”
APAC is an economically growing region owing to the presence of technologically strong countries such as China and Japan. Favorable regulatory environment and rural electrification plans are expected to drive the growth of the HVDC transmission market in APAC. In addition, demand for uninterrupted power plays a crucial role in driving HVDC adoption in the region. Moreover, emerging economies, such as China and India, provide power capacity addition across the existing power infrastructure. These factors are projected to fuel the growth of the HVDC transmission market in APAC in the coming years.

Breakdown of primary participants’ profile:
By Company Type: Tier 1 = 57%, Tier 2 = 29%, and Tier 3 = 14%
By Designation: C-Level Executives = 50%, Directors = 35%, and Others = 17%
By Region: Americas = 33%, Europe = 17%, and APAC = 50%

Key players in the HVDC transmission market include ABB (Switzerland), Siemens (Germany), General Electric (US), Hitachi (Japan), Mitsubishi Electric (Japan), Nexans (France), NKT A/S (Denmark), NR Electric (China), C-EPRI Electric Power Engineering (China), and Prysmian Group (Italy). The study includes an in-depth competitive analysis of these key players, with their company profiles, recent developments, and key market strategies.

Research Coverage:
This study involves estimating the HVDC transmission market’s size and analyzing the growth potential of this market across different segments, such as component, technology, project type, application, and region. The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key growth strategies.

Key Benefits of Buying the Report:
The report would assist market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall HVDC transmission market and its subsegments. It would help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report would also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.


  • INTRODUCTION
    • STUDY OBJECTIVES
    • MARKET DEFINITION
    • STUDY SCOPE
      • MARKETS COVERED
      • GEOGRAPHIC SCOPE
      • YEARS CONSIDERED
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
      • SECONDARY AND PRIMARY RESEARCH
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • LUCRATIVE OPPORTUNITIES IN HVDC TRANSMISSION MARKET
    • HVDC TRANSMISSION MARKET, BY TECHNOLOGY
    • HVDC TRANSMISSION MARKET IN APAC, BY PROJECT TYPE AND COUNTRY
    • HVDC TRANSMISSION MARKET, BY COUNTRY/REGION
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • INDUSTRY TRENDS
    • VALUE CHAIN ANALYSIS
    • REGULATORY STANDARDS
      • Table HVDC TRANSMISSION MARKET: REGULATORY STANDARDS
  • HVDC TRANSMISSION MARKET, BY COMPONENT
    • INTRODUCTION
      • Table HVDC TRANSMISSION MARKET, BY COMPONENT, 2015-2024 (USD BILLION)
    • CONVERTER STATIONS
      • VALVES
      • THYRISTOR VALVES
        • Table HVDC TRANSMISSION MARKET FOR VALVES, BY TYPE, 2015-2024 (USD BILLION)
      • TRANSFORMERS
      • HARMONIC FILTERS
      • CIRCUIT BREAKERS
      • REACTORS
      • SURGE ARRESTERS
        • Table HVDC TRANSMISSION MARKET, BY CONVERTER STATION, 2015-2024 (USD BILLION)
    • TRANSMISSION CABLES
      • TRANSMISSION CABLES TRANSMIT ELECTRICITY ACROSS COUNTRIES, ISLANDS, WIND FARMS, AND OIL PLATFORMS
    • OTHERS
      • OTHERS INCLUDE ELECTRODES, CONTROL & PROTECTION, AND REACTIVE POWER SUPPLIES
  • HVDC TRANSMISSION MARKET, BY PROJECT TYPE
    • INTRODUCTION
      • Table HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2015-2024 (USD BILLION)
    • POINT-TO-POINT TRANSMISSION
      • Table HVDC TRANSMISSION MARKET FOR POINT-TO-POINT TRANSMISSION, BY TECHNOLOGY, 2015-2024 (USD BILLION)
      • Table HVDC TRANSMISSION MARKET FOR POINT-TO-POINT TRANSMISSIONS, BY APPLICATION, 2015-2024 (USD BILLION)
      • Table HVDC TRANSMISSION MARKET FOR POINT-TO-POINT TRANSMISSIONS, BY BULK POWER TRANSMISSION APPLICATION, 2015-2024 (USD BILLION)
      • Table HVDC TRANSMISSION MARKET FOR POINT-TO-POINT TRANSMISSIONS, BY REGION, 2015-2024 (USD BILLION)
      • MONOPOLAR
      • BIPOLAR
        • Table HVDC TRANSMISSION MARKET FOR POINT-TO-POINT TRANSMISSIONS, BY PROJECT TYPE, 2015-2024 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET FOR POINT-TO-POINT MONOPOLAR TRANSMISSIONS, BY TECHNOLOGY, 2015-2024 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET FOR POINT-TO-POINT BIPOLAR TRANSMISSIONS, BY TECHNOLOGY, 2015-2024 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET FOR POINT-TO-POINT MONOPOLAR TRANSMISSIONS, BY APPLICATION, 2015-2024 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET FOR POINT-TO-POINT MONOPOLAR TRANSMISSIONS, BY BULK POWER TRANSMISSION APPLICATION, 2015-2024 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET FOR POINT-TO-POINT BIPOLAR TRANSMISSIONS, BY APPLICATION, 2015-2024 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET FOR POINT-TO-POINT BIPOLAR TRANSMISSION, BY BULK POWER TRANSMISSION APPLICATION, 2015-2024 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET FOR POINT-TO-POINT MONOPOLAR TRANSMISSIONS, BY REGION, 2015-2024 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET FOR POINT-TO-POINT BIPOLAR TRANSMISSIONS, BY REGION, 2015-2024 (USD BILLION)
    • BACK-TO-BACK STATIONS
      • BACK-TO-BACK STATIONS ARE MAINLY USED FOR CONVERTERS WITHIN THE SAME CONVERTER BUILDING
        • Table HVDC TRANSMISSION MARKET FOR BACK-TO-BACK TRANSMISSIONS, BY TECHNOLOGY, 2015-2024 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET FOR BACK-TO-BACK TRANSMISSIONS, BY APPLICATION, 2015-2024 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET FOR BACK-TO-BACK TRANSMISSIONS, BY BULK POWER TRANSMISSION APPLICATION, 2015-2024 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET FOR BACK-TO-BACK TRANSMISSIONS, BY REGION, 2015-2024 (USD BILLION)
    • MULTI-TERMINAL SYSTEMS
      • MULTI TERMINAL PROJECT TYPES TO EXHIBIT HIGHEST GROWTH DURING THE FORECAST PERIOD
        • Table HVDC TRANSMISSION MARKET FOR MULTI-TERMINAL TRANSMISSIONS, BY TECHNOLOGY, 2015-2024 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET FOR MULTI-TERMINAL TRANSMISSIONS, BY APPLICATION, 2015-2024 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET FOR MULTI-TERMINAL TRANSMISSIONS, BY BULK POWER TRANSMISSION APPLICATION, 2015-2024 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET FOR MULTI-TERMINAL TRANSMISSIONS, BY REGION, 2015-2024 (USD BILLION)
  • HVDC TRANSMISSION MARKET, BY TECHNOLOGY
    • INTRODUCTION
      • Table HVDC TRANSMISSION MARKET, BY TECHNOLOGY, 2015-2024 (USD BILLION)
    • CAPACITOR COMMUTATED CONVERTER (CCC)
      • CCC IS DESIGNED BY ADDING AC CAPACITORS IN SERIES BETWEEN THE TRANSFORMER AND THE VALVE
        • Table HVDC TRANSMISSION MARKET FOR CCC-BASED TECHNOLOGY, BY PROJECT TYPE, 2015-2024 (USD BILLION)
    • VOLTAGE SOURCE CONVERTER (VSC)
      • HVDC
      • ULTRA-HIGH VOLTAGE DIRECT CURRENT (UHVDC)
        • Table HVDC TRANSMISSION MARKET FOR VSC, BY TECHNOLOGY, 2015-2024 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET FOR VSC-BASED TECHNOLOGY, BY PROJECT TYPE, 2015-2024 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET FOR VSC-BASED TECHNOLOGY, BY POINT-TO-POINT PROJECT TYPE, 2015-2024 (USD BILLION)
    • LINE COMMUTATED CONVERTER (LCC), (THYRISTOR BASED)
      • HVDC
      • UHVDC
        • Table HVDC TRANSMISSION MARKET FOR LCC, BY TECHNOLOGY, 2015-2024 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET FOR LCC-BASED TECHNOLOGY, BY PROJECT TYPE, 2015-2024 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET FOR LCC-BASED TECHNOLOGY, BY POINT-TO-POINT PROJECT TYPE, 2015-2024 (USD BILLION)
  • HVDC TRANSMISSION MARKET, BY APPLICATION
    • INTRODUCTION
      • Table HVDC TRANSMISSION MARKET, BY APPLICATION, 2015-2024 (USD BILLION)
    • BULK POWER TRANSMISSION
      • Table HVDC TRANSMISSION MARKET FOR BULK POWER TRANSMISSION, BY PROJECT TYPE, 2015-2024 (USD BILLION)
      • Table HVDC TRANSMISSION MARKET FOR BULK POWER TRANSMISSION, BY POINT-TO-POINT PROJECT TYPE, 2015-2024 (USD BILLION)
      • OVERHEAD
      • SUBMARINE & UNDERGROUND
        • Table HVDC TRANSMISSION MARKET, BY BULK POWER TRANSMISSION APPLICATIONS, 2015-2024 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET FOR OVERHEAD BULK POWER TRANSMISSIONS, BY PROJECT TYPE, 2015-2024 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET FOR SUBMARINE & UNDERGROUND BULK POWER TRANSMISSIONS, BY PROJECT TYPE, 2015-2024 (USD BILLION)
    • INTERCONNECTING GRIDS
      • HVDC TRANSMISSION SYSTEMS CAN BE USED TO INTERCONNECT ASYNCHRONOUSLY-OPERATED POWER SYSTEMS
        • Table HVDC TRANSMISSION MARKET FOR INTERCONNECTING GRIDS, BY PROJECT TYPE, 2015-2024 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET FOR INTERCONNECTING GRIDS, BY POINT-TO-POINT PROJECT TYPE, 2015-2024 (USD BILLION)
    • INFEED URBAN AREAS
      • INFEED URBAN AREAS TO EXHIBIT HIGHEST GROWTH IN COMING YEARS
        • Table HVDC TRANSMISSION MARKET FOR INFEED URBAN AREAS, BY PROJECT TYPE, 2015-2024 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET FOR INFEED URBAN AREAS, BY POINT-TO-POINT PROJECT TYPE, 2015-2024 (USD BILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table HVDC TRANSMISSION MARKET, BY REGION, 2015-2024 (USD BILLION)
    • AMERICAS
      • Table HVDC TRANSMISSION MARKET IN AMERICAS, BY REGION, 2015-2024 (USD BILLION)
      • Table HVDC TRANSMISSION MARKET IN NORTH AMERICA, BY COUNTRY, 2015-2024 (USD BILLION)
      • Table HVDC TRANSMISSION MARKET IN SOUTH AMERICA, BY COUNTRY, 2015-2024 (USD BILLION)
      • Table HVDC TRANSMISSION MARKET IN AMERICAS, BY PROJECT TYPE, 2015-2024 (USD BILLION)
      • Table HVDC TRANSMISSION MARKET IN AMERICAS, BY POINT-TO-POINT PROJECT TYPE, 2015-2024 (USD BILLION)
      • NORTH AMERICA
      • SOUTH AMERICA
    • EUROPE
      • Table HVDC TRANSMISSION MARKET IN EUROPE, BY COUNTRY, 2015-2024 (USD BILLION)
      • Table HVDC TRANSMISSION MARKET IN EUROPE, BY PROJECT TYPE, 2015-2024 (USD BILLION)
      • Table HVDC TRANSMISSION MARKET IN EUROPE, BY POINT-TO-POINT PROJECT TYPE, 2015-2024 (USD BILLION)
      • UK
      • GERMANY
      • RUSSIA
      • FRANCE
      • REST OF EUROPE
    • APAC
      • Table HVDC TRANSMISSION MARKET IN APAC, BY COUNTRY, 2015-2024 (USD BILLION)
      • Table HVDC TRANSMISSION MARKET IN APAC, BY PROJECT TYPE, 2015-2024 (USD BILLION)
      • Table HVDC TRANSMISSION MARKET IN APAC, BY POINT-TO-POINT PROJECT TYPE, 2015-2024 (USD BILLION)
      • CHINA
      • JAPAN
      • INDIA
      • AUSTRALIA
      • REST OF APAC
    • REST OF THE WORLD (ROW)
      • Table HVDC TRANSMISSION MARKET IN ROW, BY REGION, 2015-2024 (USD BILLION)
      • Table HVDC TRANSMISSION MARKET IN ROW, BY PROJECT TYPE, 2015-2024 (USD BILLION)
      • Table HVDC TRANSMISSION MARKET IN ROW, BY POINT-TO-POINT PROJECT TYPE, 2015-2024 (USD BILLION)
      • MIDDLE EAST
      • AFRICA
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING OF PLAYERS, 2017
    • COMPETITIVE SCENARIO
      • PRODUCT LAUNCHES/PRODUCT DEVELOPMENTS/TECHNOLOGICAL EXPANSIONS
        • Table PRODUCT LAUNCHES/PRODUCT DEVELOPMENTS/TECHNOLOGICAL EXPANSIONS, 2015-2018
      • PARTNERSHIPS, COLLABORATIONS, JOINT VENTURES, AND CONTRACTS
        • Table PARTNERSHIPS, COLLABORATIONS, JOINT VENTURES, AND CONTRACTS, 2015-2018
      • GEOGRAPHIC EXPANSION
        • Table GEOGRAPHIC EXPANSION, 2016-2017
  • COMPANY PROFILE
    • KEY PLAYERS
      • ABB
      • SIEMENS
      • GENERAL ELECTRIC
      • HITACHI
      • MITSUBISHI ELECTRIC
      • NEXANS
      • NKT A/S
      • NR ELECTRIC
      • C-EPRI ELECTRIC POWER ENGINEERING
      • PRYSMIAN GROUP
    • OTHER IMPORTANT PLAYERS
      • SCHNEIDER ELECTRIC
      • TOSHIBA
      • EPCOS
      • AECOM
      • PSC GROUP
    • KEY INNOVATORS
      • AMERICAN SUPERCONDUCTOR
      • TRANSGRID SOLUTIONS
      • ATCO
      • DOBLE ENGINEERING COMPANY
      • HVDC TECHNOLOGIES
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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