

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 was valued at US$ 8921 million in 2022 and is anticipated to reach US$ 14100 million by 2029, witnessing a CAGR of 6.7% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
North American market for HVDC Systems is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
Asia-Pacific market for HVDC Systems is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The key global companies 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 2022, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for HVDC Systems, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding HVDC Systems.
The HVDC Systems market size, estimations, and forecasts are provided in terms of output/shipments (GWh) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global HVDC Systems market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the HVDC Systems manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
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
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America
Mexico
Brazil
Core Chapters
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by type, 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: Detailed analysis of HVDC Systems manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of HVDC Systems by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of HVDC Systems in 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, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by type, covering the market size 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 market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the key companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: 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 10: The main points and conclusions of the report.
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 HVDC Systems Market Overview
1.1 Product Definition
1.2 HVDC Systems Segment by Type
1.2.1 Global HVDC Systems Market Value Growth Rate Analysis by Type 2022 VS 2029
1.2.2 Point-to-Point Transmission
1.2.3 Back-to-Back Station
1.2.4 Multi-Terminal System
1.3 HVDC Systems Segment by Application
1.3.1 Global HVDC Systems Market Value Growth Rate Analysis by Application: 2022 VS 2029
1.3.2 Underground Power Transmission
1.3.3 Overhead Transmission
1.3.4 Offshore Power Transmission
1.3.5 Other
1.4 Global Market Growth Prospects
1.4.1 Global HVDC Systems Production Value Estimates and Forecasts (2018-2029)
1.4.2 Global HVDC Systems Production Capacity Estimates and Forecasts (2018-2029)
1.4.3 Global HVDC Systems Production Estimates and Forecasts (2018-2029)
1.4.4 Global HVDC Systems Market Average Price Estimates and Forecasts (2018-2029)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global HVDC Systems Production Market Share by Manufacturers (2018-2023)
2.2 Global HVDC Systems Production Value Market Share by Manufacturers (2018-2023)
2.3 Global Key Players of HVDC Systems, Industry Ranking, 2021 VS 2022 VS 2023
2.4 Global HVDC Systems Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global HVDC Systems Average Price by Manufacturers (2018-2023)
2.6 Global Key Manufacturers of HVDC Systems, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of HVDC Systems, Product Offered and Application
2.8 Global Key Manufacturers of HVDC Systems, Date of Enter into This Industry
2.9 HVDC Systems Market Competitive Situation and Trends
2.9.1 HVDC Systems Market Concentration Rate
2.9.2 Global 5 and 10 Largest HVDC Systems Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 HVDC Systems Production by Region
3.1 Global HVDC Systems Production Value Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.2 Global HVDC Systems Production Value by Region (2018-2029)
3.2.1 Global HVDC Systems Production Value Market Share by Region (2018-2023)
3.2.2 Global Forecasted Production Value of HVDC Systems by Region (2024-2029)
3.3 Global HVDC Systems Production Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.4 Global HVDC Systems Production by Region (2018-2029)
3.4.1 Global HVDC Systems Production Market Share by Region (2018-2023)
3.4.2 Global Forecasted Production of HVDC Systems by Region (2024-2029)
3.5 Global HVDC Systems Market Price Analysis by Region (2018-2023)
3.6 Global HVDC Systems Production and Value, Year-over-Year Growth
3.6.1 North America HVDC Systems Production Value Estimates and Forecasts (2018-2029)
3.6.2 Europe HVDC Systems Production Value Estimates and Forecasts (2018-2029)
3.6.3 China HVDC Systems Production Value Estimates and Forecasts (2018-2029)
3.6.4 Japan HVDC Systems Production Value Estimates and Forecasts (2018-2029)
4 HVDC Systems Consumption by Region
4.1 Global HVDC Systems Consumption Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
4.2 Global HVDC Systems Consumption by Region (2018-2029)
4.2.1 Global HVDC Systems Consumption by Region (2018-2023)
4.2.2 Global HVDC Systems Forecasted Consumption by Region (2024-2029)
4.3 North America
4.3.1 North America HVDC Systems Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.3.2 North America HVDC Systems Consumption by Country (2018-2029)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe HVDC Systems Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.4.2 Europe HVDC Systems Consumption by Country (2018-2029)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific HVDC Systems Consumption Growth Rate by Region: 2018 VS 2022 VS 2029
4.5.2 Asia Pacific HVDC Systems Consumption by Region (2018-2029)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa HVDC Systems Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.6.2 Latin America, Middle East & Africa HVDC Systems Consumption by Country (2018-2029)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global HVDC Systems Production by Type (2018-2029)
5.1.1 Global HVDC Systems Production by Type (2018-2023)
5.1.2 Global HVDC Systems Production by Type (2024-2029)
5.1.3 Global HVDC Systems Production Market Share by Type (2018-2029)
5.2 Global HVDC Systems Production Value by Type (2018-2029)
5.2.1 Global HVDC Systems Production Value by Type (2018-2023)
5.2.2 Global HVDC Systems Production Value by Type (2024-2029)
5.2.3 Global HVDC Systems Production Value Market Share by Type (2018-2029)
5.3 Global HVDC Systems Price by Type (2018-2029)
6 Segment by Application
6.1 Global HVDC Systems Production by Application (2018-2029)
6.1.1 Global HVDC Systems Production by Application (2018-2023)
6.1.2 Global HVDC Systems Production by Application (2024-2029)
6.1.3 Global HVDC Systems Production Market Share by Application (2018-2029)
6.2 Global HVDC Systems Production Value by Application (2018-2029)
6.2.1 Global HVDC Systems Production Value by Application (2018-2023)
6.2.2 Global HVDC Systems Production Value by Application (2024-2029)
6.2.3 Global HVDC Systems Production Value Market Share by Application (2018-2029)
6.3 Global HVDC Systems Price by Application (2018-2029)
7 Key Companies Profiled
7.1 General Electric Co
7.1.1 General Electric Co HVDC Systems Corporation Information
7.1.2 General Electric Co HVDC Systems Product Portfolio
7.1.3 General Electric Co HVDC Systems Production, Value, Price and Gross Margin (2018-2023)
7.1.4 General Electric Co Main Business and Markets Served
7.1.5 General Electric Co Recent Developments/Updates
7.2 Siemens AG
7.2.1 Siemens AG HVDC Systems Corporation Information
7.2.2 Siemens AG HVDC Systems Product Portfolio
7.2.3 Siemens AG HVDC Systems Production, Value, Price and Gross Margin (2018-2023)
7.2.4 Siemens AG Main Business and Markets Served
7.2.5 Siemens AG Recent Developments/Updates
7.3 ABB Ltd
7.3.1 ABB Ltd HVDC Systems Corporation Information
7.3.2 ABB Ltd HVDC Systems Product Portfolio
7.3.3 ABB Ltd HVDC Systems Production, Value, Price and Gross Margin (2018-2023)
7.3.4 ABB Ltd Main Business and Markets Served
7.3.5 ABB Ltd Recent Developments/Updates
7.4 Mitsubishi Electric Corporation
7.4.1 Mitsubishi Electric Corporation HVDC Systems Corporation Information
7.4.2 Mitsubishi Electric Corporation HVDC Systems Product Portfolio
7.4.3 Mitsubishi Electric Corporation HVDC Systems Production, Value, Price and Gross Margin (2018-2023)
7.4.4 Mitsubishi Electric Corporation Main Business and Markets Served
7.4.5 Mitsubishi Electric Corporation Recent Developments/Updates
7.5 Toshiba Corporation
7.5.1 Toshiba Corporation HVDC Systems Corporation Information
7.5.2 Toshiba Corporation HVDC Systems Product Portfolio
7.5.3 Toshiba Corporation HVDC Systems Production, Value, Price and Gross Margin (2018-2023)
7.5.4 Toshiba Corporation Main Business and Markets Served
7.5.5 Toshiba Corporation Recent Developments/Updates
7.6 American Superconductor Corp
7.6.1 American Superconductor Corp HVDC Systems Corporation Information
7.6.2 American Superconductor Corp HVDC Systems Product Portfolio
7.6.3 American Superconductor Corp HVDC Systems Production, Value, Price and Gross Margin (2018-2023)
7.6.4 American Superconductor Corp Main Business and Markets Served
7.6.5 American Superconductor Corp Recent Developments/Updates
7.7 Hitachi Ltd
7.7.1 Hitachi Ltd HVDC Systems Corporation Information
7.7.2 Hitachi Ltd HVDC Systems Product Portfolio
7.7.3 Hitachi Ltd HVDC Systems Production, Value, Price and Gross Margin (2018-2023)
7.7.4 Hitachi Ltd Main Business and Markets Served
7.7.5 Hitachi Ltd Recent Developments/Updates
7.8 Schneider Electric
7.8.1 Schneider Electric HVDC Systems Corporation Information
7.8.2 Schneider Electric HVDC Systems Product Portfolio
7.8.3 Schneider Electric HVDC Systems Production, Value, Price and Gross Margin (2018-2023)
7.8.4 Schneider Electric Main Business and Markets Served
7.7.5 Schneider Electric Recent Developments/Updates
7.9 Prysmian Group
7.9.1 Prysmian Group HVDC Systems Corporation Information
7.9.2 Prysmian Group HVDC Systems Product Portfolio
7.9.3 Prysmian Group HVDC Systems Production, Value, Price and Gross Margin (2018-2023)
7.9.4 Prysmian Group Main Business and Markets Served
7.9.5 Prysmian Group Recent Developments/Updates
7.10 NR Electric Co
7.10.1 NR Electric Co HVDC Systems Corporation Information
7.10.2 NR Electric Co HVDC Systems Product Portfolio
7.10.3 NR Electric Co HVDC Systems Production, Value, Price and Gross Margin (2018-2023)
7.10.4 NR Electric Co Main Business and Markets Served
7.10.5 NR Electric Co Recent Developments/Updates
7.11 Sumitomo Electric industries
7.11.1 Sumitomo Electric industries HVDC Systems Corporation Information
7.11.2 Sumitomo Electric industries HVDC Systems Product Portfolio
7.11.3 Sumitomo Electric industries HVDC Systems Production, Value, Price and Gross Margin (2018-2023)
7.11.4 Sumitomo Electric industries Main Business and Markets Served
7.11.5 Sumitomo Electric industries Recent Developments/Updates
7.12 Nexans SA
7.12.1 Nexans SA HVDC Systems Corporation Information
7.12.2 Nexans SA HVDC Systems Product Portfolio
7.12.3 Nexans SA HVDC Systems Production, Value, Price and Gross Margin (2018-2023)
7.12.4 Nexans SA Main Business and Markets Served
7.12.5 Nexans SA Recent Developments/Updates
7.13 NKT A/S
7.13.1 NKT A/S HVDC Systems Corporation Information
7.13.2 NKT A/S HVDC Systems Product Portfolio
7.13.3 NKT A/S HVDC Systems Production, Value, Price and Gross Margin (2018-2023)
7.13.4 NKT A/S Main Business and Markets Served
7.13.5 NKT A/S Recent Developments/Updates
7.14 LS Industrial Systems Co
7.14.1 LS Industrial Systems Co HVDC Systems Corporation Information
7.14.2 LS Industrial Systems Co HVDC Systems Product Portfolio
7.14.3 LS Industrial Systems Co HVDC Systems Production, Value, Price and Gross Margin (2018-2023)
7.14.4 LS Industrial Systems Co Main Business and Markets Served
7.14.5 LS Industrial Systems Co Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 HVDC Systems Industry Chain Analysis
8.2 HVDC Systems Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 HVDC Systems Production Mode & Process
8.4 HVDC Systems Sales and Marketing
8.4.1 HVDC Systems Sales Channels
8.4.2 HVDC Systems Distributors
8.5 HVDC Systems Customers
9 HVDC Systems Market Dynamics
9.1 HVDC Systems Industry Trends
9.2 HVDC Systems Market Drivers
9.3 HVDC Systems Market Challenges
9.4 HVDC Systems Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 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
Ìý
Ìý
*If Applicable.