HVDC system enables utilities to move more power further, interconnect grids, integrate renewables, and improve network performance. HVDC systems utilize power electronics technology to convert AC and DC voltage, and are ideal for supporting existing systems or building new power highways.
The global HVDC Systems market is projected to grow from US$ 9579.2 million in 2024 to US$ 14100 million by 2030, at a Compound Annual Growth Rate (CAGR) of 6.7% during the forecast period.
The US & Canada market for HVDC Systems is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.
The China market for HVDC Systems is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.
The Europe market for HVDC Systems is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.
The global key manufacturers of HVDC Systems include General Electric Co, Siemens AG, ABB Ltd, Mitsubishi Electric Corporation, Toshiba Corporation, American Superconductor Corp, Hitachi Ltd, Schneider Electric and Prysmian Group, etc. In 2023, the global top five players had a share approximately % in terms of revenue.
In terms of production side, this report researches the HVDC Systems production, growth rate, market share by manufacturers and by region (region level and country level), from 2019 to 2024, and forecast to 2030.
In terms of consumption side, this report focuses on the sales of HVDC Systems by region (region level and country level), by company, by Type and by Application. from 2019 to 2024 and forecast to 2030.
Report Covers:
This report presents an overview of global market for HVDC Systems, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue/sales data for 2019 - 2024, estimates for 2024, and projections of CAGR through 2030.
This report researches the key producers of HVDC Systems, also provides the consumption of main regions and countries. Highlights of the upcoming market potential for HVDC Systems, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the HVDC Systems sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the global HVDC Systems market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for HVDC Systems sales, projected growth trends, production technology, application and end-user industry.
Market Segmentation
By Company
General Electric Co
Siemens AG
ABB Ltd
Mitsubishi Electric Corporation
Toshiba Corporation
American Superconductor Corp
Hitachi Ltd
Schneider Electric
Prysmian Group
NR Electric Co
Sumitomo Electric industries
Nexans SA
NKT A/S
LS Industrial Systems Co
Segment by Type
Point-to-Point Transmission
Back-to-Back Station
Multi-Terminal System
Segment by Application
Underground Power Transmission
Overhead Transmission
Offshore Power Transmission
Other
Production by Region
North America
Europe
China
Japan
Sales by Region
US & Canada
U.S.
Canada
China
Asia (excluding China)
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Latin America, Middle East & Africa
Brazil
Mexico
Turkey
Israel
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type and by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: HVDC Systems production/output of global and key producers (regions/countries). It provides a quantitative analysis of the production, and development potential of each producer in the next six years.
Chapter 3: Sales (consumption), revenue of HVDC Systems in global, regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 4: Detailed analysis of HVDC Systems manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 5: Provides the analysis of various market segments by Type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: North America (US & Canada) by Type, by Application and by country, sales, and revenue for each segment.
Chapter 8: Europe by Type, by Application and by country, sales, and revenue for each segment.
Chapter 9: China by Type, and by Application, sales, and revenue for each segment.
Chapter 10: Asia (excluding China) by Type, by Application and by region, sales, and revenue for each segment.
Chapter 11: Middle East, Africa, Latin America by Type, by Application and by country, sales, and revenue for each segment.
Chapter 12: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, HVDC Systems sales, revenue, price, gross margin, and recent development, etc.
Chapter 13: Analysis of industrial chain, sales channel, key raw materials, distributors and customers.
Chapter 14: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 15: The main points and conclusions of the report.
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1 Study Coverage
1.1 HVDC Systems Product Introduction
1.2 Market by Type
1.2.1 Global HVDC Systems Market Size by Type, 2019 VS 2023 VS 2030
1.2.2 Point-to-Point Transmission
1.2.3 Back-to-Back Station
1.2.4 Multi-Terminal System
1.3 Market by Application
1.3.1 Global HVDC Systems Market Size by Application, 2019 VS 2023 VS 2030
1.3.2 Underground Power Transmission
1.3.3 Overhead Transmission
1.3.4 Offshore Power Transmission
1.3.5 Other
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global HVDC Systems Production
2.1 Global HVDC Systems Production Capacity (2019-2030)
2.2 Global HVDC Systems Production by Region: 2019 VS 2023 VS 2030
2.3 Global HVDC Systems Production by Region
2.3.1 Global HVDC Systems Historic Production by Region (2019-2024)
2.3.2 Global HVDC Systems Forecasted Production by Region (2025-2030)
2.3.3 Global HVDC Systems Production Market Share by Region (2019-2030)
2.4 North America
2.5 Europe
2.6 China
2.7 Japan
3 Executive Summary
3.1 Global HVDC Systems Revenue Estimates and Forecasts 2019-2030
3.2 Global HVDC Systems Revenue by Region
3.2.1 Global HVDC Systems Revenue by Region: 2019 VS 2023 VS 2030
3.2.2 Global HVDC Systems Revenue by Region (2019-2024)
3.2.3 Global HVDC Systems Revenue by Region (2025-2030)
3.2.4 Global HVDC Systems Revenue Market Share by Region (2019-2030)
3.3 Global HVDC Systems Sales Estimates and Forecasts 2019-2030
3.4 Global HVDC Systems Sales by Region
3.4.1 Global HVDC Systems Sales by Region: 2019 VS 2023 VS 2030
3.4.2 Global HVDC Systems Sales by Region (2019-2024)
3.4.3 Global HVDC Systems Sales by Region (2025-2030)
3.4.4 Global HVDC Systems Sales Market Share by Region (2019-2030)
3.5 US & Canada
3.6 Europe
3.7 China
3.8 Asia (excluding China)
3.9 Middle East, Africa and Latin America
4 Competition by Manufactures
4.1 Global HVDC Systems Sales by Manufacturers
4.1.1 Global HVDC Systems Sales by Manufacturers (2019-2024)
4.1.2 Global HVDC Systems Sales Market Share by Manufacturers (2019-2024)
4.1.3 Global Top 10 and Top 5 Largest Manufacturers of HVDC Systems in 2023
4.2 Global HVDC Systems Revenue by Manufacturers
4.2.1 Global HVDC Systems Revenue by Manufacturers (2019-2024)
4.2.2 Global HVDC Systems Revenue Market Share by Manufacturers (2019-2024)
4.2.3 Global Top 10 and Top 5 Companies by HVDC Systems Revenue in 2023
4.3 Global HVDC Systems Sales Price by Manufacturers
4.4 Global Key Players of HVDC Systems, Industry Ranking, 2022 VS 2023 VS 2024
4.5 Analysis of Competitive Landscape
4.5.1 Manufacturers Market Concentration Ratio (CR5 and HHI)
4.5.2 Global HVDC Systems Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
4.6 Global Key Manufacturers of HVDC Systems, Manufacturing Base Distribution and Headquarters
4.7 Global Key Manufacturers of HVDC Systems, Product Offered and Application
4.8 Global Key Manufacturers of HVDC Systems, Date of Enter into This Industry
4.9 Mergers & Acquisitions, Expansion Plans
5 Market Size by Type
5.1 Global HVDC Systems Sales by Type
5.1.1 Global HVDC Systems Historical Sales by Type (2019-2024)
5.1.2 Global HVDC Systems Forecasted Sales by Type (2025-2030)
5.1.3 Global HVDC Systems Sales Market Share by Type (2019-2030)
5.2 Global HVDC Systems Revenue by Type
5.2.1 Global HVDC Systems Historical Revenue by Type (2019-2024)
5.2.2 Global HVDC Systems Forecasted Revenue by Type (2025-2030)
5.2.3 Global HVDC Systems Revenue Market Share by Type (2019-2030)
5.3 Global HVDC Systems Price by Type
5.3.1 Global HVDC Systems Price by Type (2019-2024)
5.3.2 Global HVDC Systems Price Forecast by Type (2025-2030)
6 Market Size by Application
6.1 Global HVDC Systems Sales by Application
6.1.1 Global HVDC Systems Historical Sales by Application (2019-2024)
6.1.2 Global HVDC Systems Forecasted Sales by Application (2025-2030)
6.1.3 Global HVDC Systems Sales Market Share by Application (2019-2030)
6.2 Global HVDC Systems Revenue by Application
6.2.1 Global HVDC Systems Historical Revenue by Application (2019-2024)
6.2.2 Global HVDC Systems Forecasted Revenue by Application (2025-2030)
6.2.3 Global HVDC Systems Revenue Market Share by Application (2019-2030)
6.3 Global HVDC Systems Price by Application
6.3.1 Global HVDC Systems Price by Application (2019-2024)
6.3.2 Global HVDC Systems Price Forecast by Application (2025-2030)
7 US & Canada
7.1 US & Canada HVDC Systems Market Size by Type
7.1.1 US & Canada HVDC Systems Sales by Type (2019-2030)
7.1.2 US & Canada HVDC Systems Revenue by Type (2019-2030)
7.2 US & Canada HVDC Systems Market Size by Application
7.2.1 US & Canada HVDC Systems Sales by Application (2019-2030)
7.2.2 US & Canada HVDC Systems Revenue by Application (2019-2030)
7.3 US & Canada HVDC Systems Sales by Country
7.3.1 US & Canada HVDC Systems Revenue by Country: 2019 VS 2023 VS 2030
7.3.2 US & Canada HVDC Systems Sales by Country (2019-2030)
7.3.3 US & Canada HVDC Systems Revenue by Country (2019-2030)
7.3.4 U.S.
7.3.5 Canada
8 Europe
8.1 Europe HVDC Systems Market Size by Type
8.1.1 Europe HVDC Systems Sales by Type (2019-2030)
8.1.2 Europe HVDC Systems Revenue by Type (2019-2030)
8.2 Europe HVDC Systems Market Size by Application
8.2.1 Europe HVDC Systems Sales by Application (2019-2030)
8.2.2 Europe HVDC Systems Revenue by Application (2019-2030)
8.3 Europe HVDC Systems Sales by Country
8.3.1 Europe HVDC Systems Revenue by Country: 2019 VS 2023 VS 2030
8.3.2 Europe HVDC Systems Sales by Country (2019-2030)
8.3.3 Europe HVDC Systems Revenue by Country (2019-2030)
8.3.4 Germany
8.3.5 France
8.3.6 U.K.
8.3.7 Italy
8.3.8 Russia
9 China
9.1 China HVDC Systems Market Size by Type
9.1.1 China HVDC Systems Sales by Type (2019-2030)
9.1.2 China HVDC Systems Revenue by Type (2019-2030)
9.2 China HVDC Systems Market Size by Application
9.2.1 China HVDC Systems Sales by Application (2019-2030)
9.2.2 China HVDC Systems Revenue by Application (2019-2030)
10 Asia (excluding China)
10.1 Asia HVDC Systems Market Size by Type
10.1.1 Asia HVDC Systems Sales by Type (2019-2030)
10.1.2 Asia HVDC Systems Revenue by Type (2019-2030)
10.2 Asia HVDC Systems Market Size by Application
10.2.1 Asia HVDC Systems Sales by Application (2019-2030)
10.2.2 Asia HVDC Systems Revenue by Application (2019-2030)
10.3 Asia HVDC Systems Sales by Region
10.3.1 Asia HVDC Systems Revenue by Region: 2019 VS 2023 VS 2030
10.3.2 Asia HVDC Systems Revenue by Region (2019-2030)
10.3.3 Asia HVDC Systems Sales by Region (2019-2030)
10.3.4 Japan
10.3.5 South Korea
10.3.6 China Taiwan
10.3.7 Southeast Asia
10.3.8 India
11 Middle East, Africa and Latin America
11.1 Middle East, Africa and Latin America HVDC Systems Market Size by Type
11.1.1 Middle East, Africa and Latin America HVDC Systems Sales by Type (2019-2030)
11.1.2 Middle East, Africa and Latin America HVDC Systems Revenue by Type (2019-2030)
11.2 Middle East, Africa and Latin America HVDC Systems Market Size by Application
11.2.1 Middle East, Africa and Latin America HVDC Systems Sales by Application (2019-2030)
11.2.2 Middle East, Africa and Latin America HVDC Systems Revenue by Application (2019-2030)
11.3 Middle East, Africa and Latin America HVDC Systems Sales by Country
11.3.1 Middle East, Africa and Latin America HVDC Systems Revenue by Country: 2019 VS 2023 VS 2030
11.3.2 Middle East, Africa and Latin America HVDC Systems Revenue by Country (2019-2030)
11.3.3 Middle East, Africa and Latin America HVDC Systems Sales by Country (2019-2030)
11.3.4 Brazil
11.3.5 Mexico
11.3.6 Turkey
11.3.7 Israel
11.3.8 GCC Countries
12 Corporate Profiles
12.1 General Electric Co
12.1.1 General Electric Co Company Information
12.1.2 General Electric Co Overview
12.1.3 General Electric Co HVDC Systems Sales, Price, Revenue and Gross Margin (2019-2024)
12.1.4 General Electric Co HVDC Systems Product Model Numbers, Pictures, Descriptions and Specifications
12.1.5 General Electric Co Recent Developments
12.2 Siemens AG
12.2.1 Siemens AG Company Information
12.2.2 Siemens AG Overview
12.2.3 Siemens AG HVDC Systems Sales, Price, Revenue and Gross Margin (2019-2024)
12.2.4 Siemens AG HVDC Systems Product Model Numbers, Pictures, Descriptions and Specifications
12.2.5 Siemens AG Recent Developments
12.3 ABB Ltd
12.3.1 ABB Ltd Company Information
12.3.2 ABB Ltd Overview
12.3.3 ABB Ltd HVDC Systems Sales, Price, Revenue and Gross Margin (2019-2024)
12.3.4 ABB Ltd HVDC Systems Product Model Numbers, Pictures, Descriptions and Specifications
12.3.5 ABB Ltd Recent Developments
12.4 Mitsubishi Electric Corporation
12.4.1 Mitsubishi Electric Corporation Company Information
12.4.2 Mitsubishi Electric Corporation Overview
12.4.3 Mitsubishi Electric Corporation HVDC Systems Sales, Price, Revenue and Gross Margin (2019-2024)
12.4.4 Mitsubishi Electric Corporation HVDC Systems Product Model Numbers, Pictures, Descriptions and Specifications
12.4.5 Mitsubishi Electric Corporation Recent Developments
12.5 Toshiba Corporation
12.5.1 Toshiba Corporation Company Information
12.5.2 Toshiba Corporation Overview
12.5.3 Toshiba Corporation HVDC Systems Sales, Price, Revenue and Gross Margin (2019-2024)
12.5.4 Toshiba Corporation HVDC Systems Product Model Numbers, Pictures, Descriptions and Specifications
12.5.5 Toshiba Corporation Recent Developments
12.6 American Superconductor Corp
12.6.1 American Superconductor Corp Company Information
12.6.2 American Superconductor Corp Overview
12.6.3 American Superconductor Corp HVDC Systems Sales, Price, Revenue and Gross Margin (2019-2024)
12.6.4 American Superconductor Corp HVDC Systems Product Model Numbers, Pictures, Descriptions and Specifications
12.6.5 American Superconductor Corp Recent Developments
12.7 Hitachi Ltd
12.7.1 Hitachi Ltd Company Information
12.7.2 Hitachi Ltd Overview
12.7.3 Hitachi Ltd HVDC Systems Sales, Price, Revenue and Gross Margin (2019-2024)
12.7.4 Hitachi Ltd HVDC Systems Product Model Numbers, Pictures, Descriptions and Specifications
12.7.5 Hitachi Ltd Recent Developments
12.8 Schneider Electric
12.8.1 Schneider Electric Company Information
12.8.2 Schneider Electric Overview
12.8.3 Schneider Electric HVDC Systems Sales, Price, Revenue and Gross Margin (2019-2024)
12.8.4 Schneider Electric HVDC Systems Product Model Numbers, Pictures, Descriptions and Specifications
12.8.5 Schneider Electric Recent Developments
12.9 Prysmian Group
12.9.1 Prysmian Group Company Information
12.9.2 Prysmian Group Overview
12.9.3 Prysmian Group HVDC Systems Sales, Price, Revenue and Gross Margin (2019-2024)
12.9.4 Prysmian Group HVDC Systems Product Model Numbers, Pictures, Descriptions and Specifications
12.9.5 Prysmian Group Recent Developments
12.10 NR Electric Co
12.10.1 NR Electric Co Company Information
12.10.2 NR Electric Co Overview
12.10.3 NR Electric Co HVDC Systems Sales, Price, Revenue and Gross Margin (2019-2024)
12.10.4 NR Electric Co HVDC Systems Product Model Numbers, Pictures, Descriptions and Specifications
12.10.5 NR Electric Co Recent Developments
12.11 Sumitomo Electric industries
12.11.1 Sumitomo Electric industries Company Information
12.11.2 Sumitomo Electric industries Overview
12.11.3 Sumitomo Electric industries HVDC Systems Sales, Price, Revenue and Gross Margin (2019-2024)
12.11.4 Sumitomo Electric industries HVDC Systems Product Model Numbers, Pictures, Descriptions and Specifications
12.11.5 Sumitomo Electric industries Recent Developments
12.12 Nexans SA
12.12.1 Nexans SA Company Information
12.12.2 Nexans SA Overview
12.12.3 Nexans SA HVDC Systems Sales, Price, Revenue and Gross Margin (2019-2024)
12.12.4 Nexans SA HVDC Systems Product Model Numbers, Pictures, Descriptions and Specifications
12.12.5 Nexans SA Recent Developments
12.13 NKT A/S
12.13.1 NKT A/S Company Information
12.13.2 NKT A/S Overview
12.13.3 NKT A/S HVDC Systems Sales, Price, Revenue and Gross Margin (2019-2024)
12.13.4 NKT A/S HVDC Systems Product Model Numbers, Pictures, Descriptions and Specifications
12.13.5 NKT A/S Recent Developments
12.14 LS Industrial Systems Co
12.14.1 LS Industrial Systems Co Company Information
12.14.2 LS Industrial Systems Co Overview
12.14.3 LS Industrial Systems Co HVDC Systems Sales, Price, Revenue and Gross Margin (2019-2024)
12.14.4 LS Industrial Systems Co HVDC Systems Product Model Numbers, Pictures, Descriptions and Specifications
12.14.5 LS Industrial Systems Co Recent Developments
13 Industry Chain and Sales Channels Analysis
13.1 HVDC Systems Industry Chain Analysis
13.2 HVDC Systems Key Raw Materials
13.2.1 Key Raw Materials
13.2.2 Raw Materials Key Suppliers
13.3 HVDC Systems Production Mode & Process
13.4 HVDC Systems Sales and Marketing
13.4.1 HVDC Systems Sales Channels
13.4.2 HVDC Systems Distributors
13.5 HVDC Systems Customers
14 HVDC Systems Market Dynamics
14.1 HVDC Systems Industry Trends
14.2 HVDC Systems Market Drivers
14.3 HVDC Systems Market Challenges
14.4 HVDC Systems Market Restraints
15 Key Finding in The Global HVDC Systems Study
16 Appendix
16.1 Research Methodology
16.1.1 Methodology/Research Approach
16.1.2 Data Source
16.2 Author Details
16.3 Disclaimer
General Electric Co
Siemens AG
ABB Ltd
Mitsubishi Electric Corporation
Toshiba Corporation
American Superconductor Corp
Hitachi Ltd
Schneider Electric
Prysmian Group
NR Electric Co
Sumitomo Electric industries
Nexans SA
NKT A/S
LS Industrial Systems Co
听
听
*If Applicable.