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HVDC Transmission Market by Component (Convertor Stations, Transmission Cables, and Others), Technology (CCC, VSC, LCC, and UHVDC), Project Type, Power Rating, Application, and Geography - Global Forecast to 2023

HVDC Transmission Market by Component (Convertor Stations, Transmission Cables, and Others), Technology (CCC, VSC, LCC, and UHVDC), Project Type, Power Rating, Application, and Geography - Global Forecast to 2023

“The HVDC transmission market is likely to grow at a CAGR of 7.31% between 2017 and 2023”
The HVDC transmission market was valued at USD 6.79 billion in 2016 and is expected to reach USD 11.52 billion by 2023, at a CAGR of 7.31%. The market growth can be attributed to several factors such as integration of voltage sourced converter (VSC) technology across grids to enable system security, liberalization in the energy policies in Europe, and decommissioning of nuclear and coal power plants.

“The market for point-to-point is expected to grow in terms of value during the forecast period”
The bipolar configurations in the point-to-point project type are increasing being adopted in Asia Pacific (APAC) due to their reliability in carrying high power loads. The point-to-point project type is likely to be used in future transmission and distribution systems. Moreover, the point-to-point project type is used if high power energy is required or lower load rejection power makes it necessary to split the capacity between the two poles.

“The market in APAC is expected to grow at the highest rate during the forecast period”
The increasing demand for cost-effective solutions for long distance power transmission acts as driving force for the growth of the HVDC transmission market. APAC is considered to be the fastest growing market due to the high development in power transmission networks and the various initiatives taken by the government to integrate wind energy in power grids to ensure clean energy generation.

The countries considered in APAC are China, Japan, India, Australia, and Rest of APAC. APAC holds the largest share of the HVDC transmission market as there is strong support for HVDC transmission development from the governments of China and India.

Breakdown of primary participants’ profile by different parameters:
• By Company Type: Tier 1 – 50%, Tier 2 – 33%, and Tier 3 –17%
• By Designation: C-Level Executives – 50%, Directors – 33%, and Others –17%
• By Region: Americas – 34%, Europe – 33%, and APAC – 33%

The key players operating in this market are ABB Ltd. (Switzerland), Siemens AG (Germany), General Electric Co. (US), Toshiba Corporation (Japan), Mitsubishi Electric Corporation (Japan), Nexans SA (France), Hitachi Ltd. (Japan), NKT A/S (Denmark), Prysmian Group (Italy), NR Electric Co., Ltd. (China), Sumitomo Electric industries, Ltd. (Japan), C-EPRI Electric Power Engineering Co., Ltd. (China), American Superconductor Corp. (US), and Schneider Electric (France).

Research Coverage:
In this report, various segments such as component, technology, project type, power rating, application, and geography have been covered. Moreover, the report discusses the drivers, restraints, opportunities, and challenges of the HVDC transmission market. Furthermore, the report provides a detailed view of the market across four main regions, namely, the Americas, Europe, Asia Pacific (APAC), and Rest of the World (RoW). A competitive analysis section has been included in the report, which provides the details of the visionary leaders, innovators, dynamic, and emerging players in the HVDC transmission market.

Reasons to Buy the Report:
• This report includes the statistics pertaining to the HVDC transmission market in terms of component, technology, project type, power rating, application, and geography, along with their respective market size (in terms of value for the components segment).
• The competitive analysis section provides the details of the visionary leaders, innovators, dynamic, and emerging players in the HVDC transmission market.
• The report provides a detailed analysis of the major drivers, restraints, opportunities, and challenges of the HVDC transmission market.
• The report includes the illustrative segmentation, analysis, and forecast of the HVDC transmission market based on its segments and subsegments.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • STUDY SCOPE
      • MARKETS COVERED
      • HVDC TRANSMISSION MARKET, BY REGION
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • SECONDARY AND PRIMARY RESEARCH
      • KEY INDUSTRY INSIGHTS
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • GROWING DEMAND FOR VSC TECHNOLOGY IN HVDC TRANSMISSION MARKET
    • OVERALL HVDC TRANSMISSION MARKET, BY POWER RATING
    • APAC HELD LARGEST SHARE OF OVERALL HVDC TRANSMISSION MARKET IN 2017
    • CHINA DOMINATED HVDC TRANSMISSION MARKET IN APAC IN 2017
    • OFFSHORE POWER TRANSMISSION APPLICATION IN HVDC TRANSMISSION MARKET
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • INDUSTRY TRENDS
    • VALUE CHAIN ANALYSIS
      • Table FUNCTION & STAKEHOLDERS IN HVDC TRANSMISSION VALUE CHAIN
    • REGULATORY STANDARDS
      • Table HVDC TRANSMISSION MARKET: REGULATORY STANDARDS
  • HVDC TRANSMISSION MARKET, BY COMPONENT
    • INTRODUCTION
      • Table HVDC TRANSMISSION MARKET, BY COMPONENT, 2014-2023 (USD BILLION)
    • CONVERTER STATIONS
      • Table HVDC TRANSMISSION MARKET, BY CONVERTER STATION, 2014-2023 (USD BILLION)
      • VALVES
        • Table HVDC TRANSMISSION MARKET FOR COMPONENTS, BY VALVE TYPE, 2014-2023 (USD BILLION)
      • TRANSFORMERS
      • HARMONIC FILTERS
      • CIRCUIT BREAKERS
      • REACTORS
      • SURGE ARRESTERS
    • TRANSMISSION CABLES
      • HVDC SUBMARINE CABLES
    • OTHERS
  • HVDC TRANSMISSION MARKET, BY TECHNOLOGY
    • INTRODUCTION
      • Table HVDC TRANSMISSION MARKET, BY TECHNOLOGY, 2014-2023 (USD BILLION)
    • CAPACITOR COMMUTATED CONVERTER (CCC) BASED
    • VOLTAGE SOURCE CONVERTER (VSC) BASED
      • Table HVDC MARKET FOR VSC-BASED TECHNOLOGY, BY PROJECT TYPE, 2014-2023 (USD BILLION)
      • Table VSC-BASED TECHNOLOGY MARKET FOR POINT-TO-POINT, BY TYPE, 2014-2023 (USD BILLION)
    • LINE COMMUTATED CONVERTER (LCC) BASED (THYRISTOR BASED)
      • Table HVDC MARKET FOR LCC-BASED TECHNOLOGY, BY PROJECT TYPE, 2014-2023 (USD BILLION)
      • Table HVDC LCC-BASED TECHNOLOGY MARKET FOR POINT-TO-POINT, BY TYPE, 2014-2023 (USD BILLION)
    • UHVDC
      • Table HVDC MARKET FOR UHVDC, BY PROJECT TYPE, 2014-2023 (USD BILLION)
      • Table UHVDC MARKET FOR POINT-TO-POINT, BY TYPE, 2014-2023 (USD BILLION)
  • HVDC TRANSMISSION MARKET, BY PROJECT TYPE
    • INTRODUCTION
      • Table HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2014-2023 (USD BILLION)
    • POINT-TO-POINT TRANSMISSION
      • Table HVDC TRANSMISSION MARKET FOR POINT-TO-POINT PROJECT TYPE, BY TECHNOLOGY, 2014-2023 (USD BILLION)
      • Table HVDC TRANSMISSION MARKET FOR POINT-TO-POINT PROJECT TYPE, BY APPLICATION, 2014-2023 (USD BILLION)
      • Table HVDC TRANSMISSION MARKET FOR POINT-TO-POINT PROJECT TYPE, BY OFFSHORE POWER TRANSMISSION TYPE, 2014-2023 (USD BILLION)
      • Table HVDC TRANSMISSION MARKET FOR POINT-TO-POINT PROJECT TYPE, BY REGION, 2014-2023 (USD BILLION)
      • Table HVDC TRANSMISSION MARKET, BY POINT-TO-POINT PROJECT TYPE, 2014-2023 (USD BILLION)
      • MONOPOLAR
        • Table HVDC TRANSMISSION MARKET FOR MONOPOLAR POINT-TO-POINT PROJECT TYPE, BY TECHNOLOGY, 2014-2023 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET FOR MONOPOLAR POINT-TO-POINT PROJECT TYPE, BY APPLICATION, 2014-2023 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET FOR MONOPOLAR POINT-TO-POINT PROJECT TYPE, BY OFFSHORE POWER TRANSMISSION TYPE, 2014-2023 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET FOR MONOPOLAR POINT-TO-POINT PROJECT TYPE, BY REGION, 2014-2023 (USD BILLION)
      • BIPOLAR
        • Table HVDC TRANSMISSION MARKET FOR BIPOLAR POINT-TO-POINT PROJECT TYPE, BY TECHNOLOGY, 2014-2023 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET FOR BIPOLAR POINT-TO-POINT PROJECT TYPE, BY APPLICATION, 2014-2023 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET FOR BIPOLAR POINT-TO-POINT PROJECT TYPE, BY OFFSHORE POWER TRANSMISSION TYPE, 2014-2023 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET FOR BIPOLAR POINT-TO-POINT PROJECT TYPE, BY REGION, 2014-2023 (USD BILLION)
    • BACK-TO-BACK STATIONS
      • Table HVDC TRANSMISSION MARKET FOR BACK-TO-BACK PROJECT TYPE, BY TECHNOLOGY, 2014-2023 (USD BILLION)
      • Table HVDC TRANSMISSION MARKET FOR BACK-TO-BACK PROJECT TYPE, BY APPLICATION, 2014-2023 (USD BILLION)
      • Table HVDC TRANSMISSION MARKET FOR BACK-TO-BACK PROJECT TYPE, BY OFFSHORE POWER TRANSMISSION, 2014-2023 (USD BILLION)
      • Table HVDC TRANSMISSION MARKET FOR BACK-TO-BACK PROJECT TYPE, BY REGION, 2014-2023 (USD BILLION)
    • MULTI-TERMINAL SYSTEMS
      • Table HVDC TRANSMISSION MARKET FOR MULTI-TERMINAL PROJECT TYPE, BY TECHNOLOGY, 2014-2023 (USD BILLION)
      • Table HVDC TRANSMISSION MARKET FOR MULTI-TERMINAL PROJECT TYPE, BY APPLICATION, 2014-2023 (USD BILLION)
      • Table HVDC TRANSMISSION MARKET FOR MULTI-TERMINAL PROJECT TYPE, BY OFFSHORE POWER TRANSMISSION TYPE, 2014-2023 (USD BILLION)
      • Table HVDC TRANSMISSION MARKET FOR MULTI-TERMINAL PROJECT TYPE, BY REGION, 2014-2023 (USD BILLION)
      • SERIES MULTI-TERMINAL SYSTEMS
      • PARALLEL MULTI-TERMINAL SYSTEMS
  • HVDC TRANSMISSION MARKET, BY POWER RATING
    • INTRODUCTION
      • Table HVDC TRANSMISSION MARKET, BY POWER RATING, 2014-2023 (USD BILLION)
    • BELOW 500 MW
    • 501-1000 MW
    • 1001-1500 MW
    • 1501-2000 MW
    • ABOVE 2001 MW
  • HVDC TRANSMISSION MARKET, BY APPLICATION
    • INTRODUCTION
      • Table HVDC TRANSMISSION MARKET, BY APPLICATION, 2014-2023 (USD BILLION)
    • UNDERGROUND POWER TRANSMISSION
      • Table HVDC TRANSMISSION MARKET FOR UNDERGROUND POWER TRANSMISSION, BY PROJECT TYPE, 2014-2023 (USD BILLION)
      • Table HVDC TRANSMISSION MARKET FOR UNDERGROUND POWER TRANSMISSION, BY POINT-TO-POINT PROJECT TYPE, 2014-2023 (USD BILLION)
      • ISLANDS
      • URBAN AREAS
      • INDUSTRIAL LOCATIONS
    • ASYNCHRONOUS GRID INTERCONNECTION
      • Table HVDC TRANSMISSION MARKET FOR ASYNCHRONOUS GRID INTERCONNECTION, BY PROJECT TYPE, 2014-2023 (USD BILLION)
      • Table HVDC TRANSMISSION MARKET FOR ASYNCHRONOUS GRID INTERCONNECTION, BY POINT-TO-POINT PROJECT TYPE, 2014-2023 (USD BILLION)
    • OFF-SHORE POWER TRANSMISSION
      • Table HVDC TRANSMISSION MARKET FOR OFFSHORE POWER TRANSMISSION, BY PROJECT TYPE, 2014-2023 (USD BILLION)
      • Table HVDC TRANSMISSION MARKET FOR OFFSHORE POWER TRANSMISSION, BY POINT-TO-POINT PROJECT TYPE, 2014-2023 (USD BILLION)
      • Table HVDC TRANSMISSION MARKET FOR OFFSHORE POWER TRANSMISSION, BY TYPE 2014-2023 (USD BILLION)
      • WIND PROJECTS
        • Table HVDC TRANSMISSION MARKET FOR OFF-SHORE POWER TRANSMISSION FOR WIND PROJECTS, BY PROJECT TYPE, 2014-2023 (USD BILLION)
        • Table MARKET FOR WIND PROJECTS, BY POINT-TO-POINT PROJECT TYPE, 2014-2023 (USD BILLION)
      • OIL & GAS
        • Table MARKET FOR OIL & GAS, BY PROJECT TYPE, 2014-2023 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET FOR OIL & GAS, BY POINT-TO-POINT PROJECT TYPE, 2014-2023 (USD BILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table HVDC TRANSMISSION MARKET, BY REGION, 2014-2023 (USD BILLION)
    • AMERICAS
      • HVDC EXPECTED TO BE THE BACKBONE FOR POWER TRANSMISSION IN THE AMERICAS IN FUTURE
        • Table HVDC TRANSMISSION MARKET IN AMERICAS, BY PROJECT TYPE, 2014-2023 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET IN AMERICAS, BY POINT-TO-POINT PROJECT TYPE, 2014-2023 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET IN AMERICAS, BY REGION, 2014-2023 (USD BILLION)
      • NORTH AMERICA
        • Table HVDC TRANSMISSION MARKET IN NORTH AMERICA, BY COUNTRY, 2014-2023 (USD BILLION)
      • SOUTH AMERICA
        • Table HVDC TRANSMISSION MARKET IN SOUTH AMERICA, BY COUNTRY, 2014-2023 (USD BILLION)
    • EUROPE
      • DEPLOYMENT OF HVDC TRANSMISSION PROJECTS USING RENEWABLES
        • Table HVDC TRANSMISSION MARKET IN EUROPE, BY PROJECT TYPE, 2014-2023 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET IN EUROPE, BY POINT-TO-POINT PROJECT TYPE, 2014-2023 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET IN EUROPE, BY COUNTRY, 2014-2023 (USD BILLION)
      • UK
      • GERMANY
      • RUSSIA
      • FRANCE
      • REST OF EUROPE
    • APAC
      • CAPACITY ADDITION ACROSS THE EXISTING POWER INFRASTRUCTURE TO DRIVE HVDC TRANSMISSION MARKET IN APAC
        • Table HVDC TRANSMISSION MARKET IN APAC, BY PROJECT TYPE, 2014-2023 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET IN APAC, BY POINT-TO-POINT PROJECT TYPE, 2014-2023 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET IN APAC, BY COUNTRY, 2014-2023 (USD BILLION)
      • CHINA
      • JAPAN
      • INDIA
      • AUSTRALIA
      • REST OF APAC
    • ROW
      • DEVELOPMENT IN POWER INFRASTRUCTURE TO MEETS THE INCREASING DEMANDS FOR POWER
        • Table HVDC TRANSMISSION MARKET IN ROW, BY PROJECT TYPE, 2014-2023 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET IN ROW, BY POINT-TO-POINT PROJECT TYPE, 2014-2023 (USD BILLION)
        • Table HVDC TRANSMISSION MARKET IN ROW, BY REGION, 2014-2023 (USD BILLION)
      • MIDDLE EAST
      • AFRICA
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • MARKET RANKING ANALYSIS: HVDC TRANSMISSION MARKET
      • Table MARKET RANKING OF THE TOP 5 PLAYERS IN HVDC TRANSMISSION MARKET, 2016
    • HVDC TRANSMISSION MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2017
      • VISIONARY LEADERS
      • DYNAMIC DIFFERENTIATORS
      • INNOVATORS
      • EMERGING COMPANIES
    • HVDC TRANSMISSION MARKET: STRENGTH OF PRODUCT PORTFOLIO (25 COMPANIES)
    • HVDC TRANSMISSION MARKET: BUSINESS STRATEGY EXCELLENCE (25 COMPANIES)
  • COMPANY PROFILES
    • ABB LTD.
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • SIEMENS AG
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • GENERAL ELECTRIC
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • TOSHIBA CORPORATION
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • MITSUBISHI ELECTRIC CORPORATION
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • NEXANS SA
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • NKT A/S
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • HITACHI LTD.
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • SCHNEIDER ELECTRIC
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • NR ELECTRIC CO., LTD.
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • PRYSMIAN GROUP
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • C-EPRI ELECTRIC POWER ENGINEERING CO., LTD
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • KEY INNOVATORS AND START-UPS
      • AMERICAN SUPERCONDUCTOR CORP.
      • TRANSGRID SOLUTIONS INC.
      • ATCO ELECTRIC LTD.
      • DOUBLE ENGINEERING COMPANY
      • HVDC TECHNOLOGIES LTD.
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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