
HVDC Voltage Source Converters (VSC) technology makes up for the natural defect of commutation failure in conventional DC transmission technology, which may cause power transmission interruption and thus system fluctuation. It has many advantages such as commutation without grid support, flexible power four-quadrant control, space saving without reactive compensation device, and low harmonic emission in multi-level topology. It has great application potential in the fields of large-scale renewable energy grid connection, offshore wind power grid connection, island power supply, urban power supply, asynchronous grid interconnection, long-distance power transmission, multi-terminal DC transmission network, etc. It is one of the key technologies for building a new power system with new energy as the main body.
The global HVDC Voltage Source Converters (VSC) market size is projected to grow from US$ 2435 million in 2024 to US$ 3648 million in 2030; it is expected to grow at a CAGR of 7.0% from 2024 to 2030.
The “HVDC Voltage Source Converters (VSC) Industry Forecast” looks at past sales and reviews total world HVDC Voltage Source Converters (VSC) sales in 2022, providing a comprehensive analysis by region and market sector of projected HVDC Voltage Source Converters (VSC) sales for 2023 through 2029. With HVDC Voltage Source Converters (VSC) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world HVDC Voltage Source Converters (VSC) industry.
This Insight Report provides a comprehensive analysis of the global HVDC Voltage Source Converters (VSC) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on HVDC Voltage Source Converters (VSC) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global HVDC Voltage Source Converters (VSC) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for HVDC Voltage Source Converters (VSC) 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 HVDC Voltage Source Converters (VSC).
United States market for HVDC Voltage Source Converters (VSC) is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.
China market for HVDC Voltage Source Converters (VSC) is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.
Europe market for HVDC Voltage Source Converters (VSC) is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.
Global key HVDC Voltage Source Converters (VSC) players cover Siemens Energy, Hitachi Energy, GE Vernova, NARI Technology, Toshiba, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2023.
This report presents a comprehensive overview, market shares, and growth opportunities of HVDC Voltage Source Converters (VSC) market by product type, application, key players and key regions and countries.
Segmentation by Type:
Two/Three-level Converter
Multi-level Converter
Segmentation by Application:
Wind Power
Hydropower
Others
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
Segmentation by Type:
Two/Three-level Converter
Multi-level Converter
Segmentation by Application:
Wind Power
Hydropower
Others
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 analyzing the company's coverage, product portfolio, its market penetration.
Siemens Energy
Hitachi Energy
GE Vernova
NARI Technology
Toshiba
Rongxin Huiko Electric
XJ Electric
Hyosung Heavy Industries
XD Electric
TBEA
Sifang Automation
Mitsubishi Electric
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global HVDC Voltage Source Converters (VSC) Market Size 2019-2030
2.1.2 HVDC Voltage Source Converters (VSC) Market Size CAGR by Region (2019 VS 2023 VS 2030)
2.1.3 World Current & Future Analysis for HVDC Voltage Source Converters (VSC) by Country/Region, 2019, 2023 & 2030
2.2 HVDC Voltage Source Converters (VSC) Segment by Type
2.2.1 Two/Three-level Converter
2.2.2 Multi-level Converter
2.3 HVDC Voltage Source Converters (VSC) Market Size by Type
2.3.1 HVDC Voltage Source Converters (VSC) Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global HVDC Voltage Source Converters (VSC) Market Size Market Share by Type (2019-2024)
2.4 HVDC Voltage Source Converters (VSC) Segment by Application
2.4.1 Wind Power
2.4.2 Hydropower
2.4.3 Others
2.5 HVDC Voltage Source Converters (VSC) Market Size by Application
2.5.1 HVDC Voltage Source Converters (VSC) Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global HVDC Voltage Source Converters (VSC) Market Size Market Share by Application (2019-2024)
3 HVDC Voltage Source Converters (VSC) Market Size by Player
3.1 HVDC Voltage Source Converters (VSC) Market Size Market Share by Player
3.1.1 Global HVDC Voltage Source Converters (VSC) Revenue by Player (2019-2024)
3.1.2 Global HVDC Voltage Source Converters (VSC) Revenue Market Share by Player (2019-2024)
3.2 Global HVDC Voltage Source Converters (VSC) Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 HVDC Voltage Source Converters (VSC) by Region
4.1 HVDC Voltage Source Converters (VSC) Market Size by Region (2019-2024)
4.2 Global HVDC Voltage Source Converters (VSC) Annual Revenue by Country/Region (2019-2024)
4.3 Americas HVDC Voltage Source Converters (VSC) Market Size Growth (2019-2024)
4.4 APAC HVDC Voltage Source Converters (VSC) Market Size Growth (2019-2024)
4.5 Europe HVDC Voltage Source Converters (VSC) Market Size Growth (2019-2024)
4.6 Middle East & Africa HVDC Voltage Source Converters (VSC) Market Size Growth (2019-2024)
5 Americas
5.1 Americas HVDC Voltage Source Converters (VSC) Market Size by Country (2019-2024)
5.2 Americas HVDC Voltage Source Converters (VSC) Market Size by Type (2019-2024)
5.3 Americas HVDC Voltage Source Converters (VSC) Market Size by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC HVDC Voltage Source Converters (VSC) Market Size by Region (2019-2024)
6.2 APAC HVDC Voltage Source Converters (VSC) Market Size by Type (2019-2024)
6.3 APAC HVDC Voltage Source Converters (VSC) Market Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe HVDC Voltage Source Converters (VSC) Market Size by Country (2019-2024)
7.2 Europe HVDC Voltage Source Converters (VSC) Market Size by Type (2019-2024)
7.3 Europe HVDC Voltage Source Converters (VSC) Market Size by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa HVDC Voltage Source Converters (VSC) by Region (2019-2024)
8.2 Middle East & Africa HVDC Voltage Source Converters (VSC) Market Size by Type (2019-2024)
8.3 Middle East & Africa HVDC Voltage Source Converters (VSC) Market Size by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global HVDC Voltage Source Converters (VSC) Market Forecast
10.1 Global HVDC Voltage Source Converters (VSC) Forecast by Region (2025-2030)
10.1.1 Global HVDC Voltage Source Converters (VSC) Forecast by Region (2025-2030)
10.1.2 Americas HVDC Voltage Source Converters (VSC) Forecast
10.1.3 APAC HVDC Voltage Source Converters (VSC) Forecast
10.1.4 Europe HVDC Voltage Source Converters (VSC) Forecast
10.1.5 Middle East & Africa HVDC Voltage Source Converters (VSC) Forecast
10.2 Americas HVDC Voltage Source Converters (VSC) Forecast by Country (2025-2030)
10.2.1 United States Market HVDC Voltage Source Converters (VSC) Forecast
10.2.2 Canada Market HVDC Voltage Source Converters (VSC) Forecast
10.2.3 Mexico Market HVDC Voltage Source Converters (VSC) Forecast
10.2.4 Brazil Market HVDC Voltage Source Converters (VSC) Forecast
10.3 APAC HVDC Voltage Source Converters (VSC) Forecast by Region (2025-2030)
10.3.1 China HVDC Voltage Source Converters (VSC) Market Forecast
10.3.2 Japan Market HVDC Voltage Source Converters (VSC) Forecast
10.3.3 Korea Market HVDC Voltage Source Converters (VSC) Forecast
10.3.4 Southeast Asia Market HVDC Voltage Source Converters (VSC) Forecast
10.3.5 India Market HVDC Voltage Source Converters (VSC) Forecast
10.3.6 Australia Market HVDC Voltage Source Converters (VSC) Forecast
10.4 Europe HVDC Voltage Source Converters (VSC) Forecast by Country (2025-2030)
10.4.1 Germany Market HVDC Voltage Source Converters (VSC) Forecast
10.4.2 France Market HVDC Voltage Source Converters (VSC) Forecast
10.4.3 UK Market HVDC Voltage Source Converters (VSC) Forecast
10.4.4 Italy Market HVDC Voltage Source Converters (VSC) Forecast
10.4.5 Russia Market HVDC Voltage Source Converters (VSC) Forecast
10.5 Middle East & Africa HVDC Voltage Source Converters (VSC) Forecast by Region (2025-2030)
10.5.1 Egypt Market HVDC Voltage Source Converters (VSC) Forecast
10.5.2 South Africa Market HVDC Voltage Source Converters (VSC) Forecast
10.5.3 Israel Market HVDC Voltage Source Converters (VSC) Forecast
10.5.4 Turkey Market HVDC Voltage Source Converters (VSC) Forecast
10.6 Global HVDC Voltage Source Converters (VSC) Forecast by Type (2025-2030)
10.7 Global HVDC Voltage Source Converters (VSC) Forecast by Application (2025-2030)
10.7.1 GCC Countries Market HVDC Voltage Source Converters (VSC) Forecast
11 Key Players Analysis
11.1 Siemens Energy
11.1.1 Siemens Energy Company Information
11.1.2 Siemens Energy HVDC Voltage Source Converters (VSC) Product Offered
11.1.3 Siemens Energy HVDC Voltage Source Converters (VSC) Revenue, Gross Margin and Market Share (2019-2024)
11.1.4 Siemens Energy Main Business Overview
11.1.5 Siemens Energy Latest Developments
11.2 Hitachi Energy
11.2.1 Hitachi Energy Company Information
11.2.2 Hitachi Energy HVDC Voltage Source Converters (VSC) Product Offered
11.2.3 Hitachi Energy HVDC Voltage Source Converters (VSC) Revenue, Gross Margin and Market Share (2019-2024)
11.2.4 Hitachi Energy Main Business Overview
11.2.5 Hitachi Energy Latest Developments
11.3 GE Vernova
11.3.1 GE Vernova Company Information
11.3.2 GE Vernova HVDC Voltage Source Converters (VSC) Product Offered
11.3.3 GE Vernova HVDC Voltage Source Converters (VSC) Revenue, Gross Margin and Market Share (2019-2024)
11.3.4 GE Vernova Main Business Overview
11.3.5 GE Vernova Latest Developments
11.4 NARI Technology
11.4.1 NARI Technology Company Information
11.4.2 NARI Technology HVDC Voltage Source Converters (VSC) Product Offered
11.4.3 NARI Technology HVDC Voltage Source Converters (VSC) Revenue, Gross Margin and Market Share (2019-2024)
11.4.4 NARI Technology Main Business Overview
11.4.5 NARI Technology Latest Developments
11.5 Toshiba
11.5.1 Toshiba Company Information
11.5.2 Toshiba HVDC Voltage Source Converters (VSC) Product Offered
11.5.3 Toshiba HVDC Voltage Source Converters (VSC) Revenue, Gross Margin and Market Share (2019-2024)
11.5.4 Toshiba Main Business Overview
11.5.5 Toshiba Latest Developments
11.6 Rongxin Huiko Electric
11.6.1 Rongxin Huiko Electric Company Information
11.6.2 Rongxin Huiko Electric HVDC Voltage Source Converters (VSC) Product Offered
11.6.3 Rongxin Huiko Electric HVDC Voltage Source Converters (VSC) Revenue, Gross Margin and Market Share (2019-2024)
11.6.4 Rongxin Huiko Electric Main Business Overview
11.6.5 Rongxin Huiko Electric Latest Developments
11.7 XJ Electric
11.7.1 XJ Electric Company Information
11.7.2 XJ Electric HVDC Voltage Source Converters (VSC) Product Offered
11.7.3 XJ Electric HVDC Voltage Source Converters (VSC) Revenue, Gross Margin and Market Share (2019-2024)
11.7.4 XJ Electric Main Business Overview
11.7.5 XJ Electric Latest Developments
11.8 Hyosung Heavy Industries
11.8.1 Hyosung Heavy Industries Company Information
11.8.2 Hyosung Heavy Industries HVDC Voltage Source Converters (VSC) Product Offered
11.8.3 Hyosung Heavy Industries HVDC Voltage Source Converters (VSC) Revenue, Gross Margin and Market Share (2019-2024)
11.8.4 Hyosung Heavy Industries Main Business Overview
11.8.5 Hyosung Heavy Industries Latest Developments
11.9 XD Electric
11.9.1 XD Electric Company Information
11.9.2 XD Electric HVDC Voltage Source Converters (VSC) Product Offered
11.9.3 XD Electric HVDC Voltage Source Converters (VSC) Revenue, Gross Margin and Market Share (2019-2024)
11.9.4 XD Electric Main Business Overview
11.9.5 XD Electric Latest Developments
11.10 TBEA
11.10.1 TBEA Company Information
11.10.2 TBEA HVDC Voltage Source Converters (VSC) Product Offered
11.10.3 TBEA HVDC Voltage Source Converters (VSC) Revenue, Gross Margin and Market Share (2019-2024)
11.10.4 TBEA Main Business Overview
11.10.5 TBEA Latest Developments
11.11 Sifang Automation
11.11.1 Sifang Automation Company Information
11.11.2 Sifang Automation HVDC Voltage Source Converters (VSC) Product Offered
11.11.3 Sifang Automation HVDC Voltage Source Converters (VSC) Revenue, Gross Margin and Market Share (2019-2024)
11.11.4 Sifang Automation Main Business Overview
11.11.5 Sifang Automation Latest Developments
11.12 Mitsubishi Electric
11.12.1 Mitsubishi Electric Company Information
11.12.2 Mitsubishi Electric HVDC Voltage Source Converters (VSC) Product Offered
11.12.3 Mitsubishi Electric HVDC Voltage Source Converters (VSC) Revenue, Gross Margin and Market Share (2019-2024)
11.12.4 Mitsubishi Electric Main Business Overview
11.12.5 Mitsubishi Electric Latest Developments
12 Research Findings and Conclusion
*If Applicable.
