Global HVDC Voltage Source Converters (VSC) Market Research Report 2024

Publication ID:

PB508240269

Publication Date:

August 19, 2024

Pages:

Publisher:

MRRPB5

Countries:

Global [1]

USD 2,900.00

Electricity [2]

Energy & Utilities [3]

Description:

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 was valued at US$ 2326 million in 2023 and is anticipated to reach US$ 3677 million by 2030, witnessing a CAGR of 6.7% during the forecast period 2024-2030.
North American market for HVDC Voltage Source Converters (VSC) is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for HVDC Voltage Source Converters (VSC) is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The global market for HVDC Voltage Source Converters (VSC) in Wind Power is estimated to increase from $ million in 2023 to $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global companies of HVDC Voltage Source Converters (VSC) include Siemens Energy, Hitachi Energy, GE Vernova, NARI Technology, Toshiba, Rongxin Huiko Electric, XJ Electric, Hyosung Heavy Industries, XD Electric, TBEA, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for HVDC Voltage Source Converters (VSC), 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 Voltage Source Converters (VSC).
The HVDC Voltage Source Converters (VSC) market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global HVDC Voltage Source Converters (VSC) 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 Voltage Source Converters (VSC) companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Siemens Energy
Hitachi Energy
GE Vernova
NARI Technology
Toshiba
Rongxin Huiko Electric
XJ Electric
Hyosung Heavy Industries
XD Electric
TBEA
Sifang Automation
Mitsubishi Electric
Segment by Type
Two/Three-level Converter
Multi-level Converter
Segment by Application
Wind Power
Hydropower
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (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: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of HVDC Voltage Source Converters (VSC) company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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 capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: 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.

Table Of Contents:

1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global HVDC Voltage Source Converters (VSC) Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Two/Three-level Converter
1.2.3 Multi-level Converter
1.3 Market by Application
1.3.1 Global HVDC Voltage Source Converters (VSC) Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Wind Power
1.3.3 Hydropower
1.3.4 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global HVDC Voltage Source Converters (VSC) Market Perspective (2019-2030)
2.2 Global HVDC Voltage Source Converters (VSC) Growth Trends by Region
2.2.1 Global HVDC Voltage Source Converters (VSC) Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 HVDC Voltage Source Converters (VSC) Historic Market Size by Region (2019-2024)
2.2.3 HVDC Voltage Source Converters (VSC) Forecasted Market Size by Region (2025-2030)
2.3 HVDC Voltage Source Converters (VSC) Market Dynamics
2.3.1 HVDC Voltage Source Converters (VSC) Industry Trends
2.3.2 HVDC Voltage Source Converters (VSC) Market Drivers
2.3.3 HVDC Voltage Source Converters (VSC) Market Challenges
2.3.4 HVDC Voltage Source Converters (VSC) Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top HVDC Voltage Source Converters (VSC) Players by Revenue
3.1.1 Global Top HVDC Voltage Source Converters (VSC) Players by Revenue (2019-2024)
3.1.2 Global HVDC Voltage Source Converters (VSC) Revenue Market Share by Players (2019-2024)
3.2 Global HVDC Voltage Source Converters (VSC) Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by HVDC Voltage Source Converters (VSC) Revenue
3.4 Global HVDC Voltage Source Converters (VSC) Market Concentration Ratio
3.4.1 Global HVDC Voltage Source Converters (VSC) Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by HVDC Voltage Source Converters (VSC) Revenue in 2023
3.5 Global Key Players of HVDC Voltage Source Converters (VSC) Head office and Area Served
3.6 Global Key Players of HVDC Voltage Source Converters (VSC), Product and Application
3.7 Global Key Players of HVDC Voltage Source Converters (VSC), Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 HVDC Voltage Source Converters (VSC) Breakdown Data by Type
4.1 Global HVDC Voltage Source Converters (VSC) Historic Market Size by Type (2019-2024)
4.2 Global HVDC Voltage Source Converters (VSC) Forecasted Market Size by Type (2025-2030)
5 HVDC Voltage Source Converters (VSC) Breakdown Data by Application
5.1 Global HVDC Voltage Source Converters (VSC) Historic Market Size by Application (2019-2024)
5.2 Global HVDC Voltage Source Converters (VSC) Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America HVDC Voltage Source Converters (VSC) Market Size (2019-2030)
6.2 North America HVDC Voltage Source Converters (VSC) Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America HVDC Voltage Source Converters (VSC) Market Size by Country (2019-2024)
6.4 North America HVDC Voltage Source Converters (VSC) Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe HVDC Voltage Source Converters (VSC) Market Size (2019-2030)
7.2 Europe HVDC Voltage Source Converters (VSC) Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe HVDC Voltage Source Converters (VSC) Market Size by Country (2019-2024)
7.4 Europe HVDC Voltage Source Converters (VSC) Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific HVDC Voltage Source Converters (VSC) Market Size (2019-2030)
8.2 Asia-Pacific HVDC Voltage Source Converters (VSC) Market Growth Rate by Country: 2019 VS 2023 VS 2030
8.3 Asia-Pacific HVDC Voltage Source Converters (VSC) Market Size by Region (2019-2024)
8.4 Asia-Pacific HVDC Voltage Source Converters (VSC) Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America HVDC Voltage Source Converters (VSC) Market Size (2019-2030)
9.2 Latin America HVDC Voltage Source Converters (VSC) Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America HVDC Voltage Source Converters (VSC) Market Size by Country (2019-2024)
9.4 Latin America HVDC Voltage Source Converters (VSC) Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa HVDC Voltage Source Converters (VSC) Market Size (2019-2030)
10.2 Middle East & Africa HVDC Voltage Source Converters (VSC) Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa HVDC Voltage Source Converters (VSC) Market Size by Country (2019-2024)
10.4 Middle East & Africa HVDC Voltage Source Converters (VSC) Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Siemens Energy
11.1.1 Siemens Energy Company Details
11.1.2 Siemens Energy Business Overview
11.1.3 Siemens Energy HVDC Voltage Source Converters (VSC) Introduction
11.1.4 Siemens Energy Revenue in HVDC Voltage Source Converters (VSC) Business (2019-2024)
11.1.5 Siemens Energy Recent Development
11.2 Hitachi Energy
11.2.1 Hitachi Energy Company Details
11.2.2 Hitachi Energy Business Overview
11.2.3 Hitachi Energy HVDC Voltage Source Converters (VSC) Introduction
11.2.4 Hitachi Energy Revenue in HVDC Voltage Source Converters (VSC) Business (2019-2024)
11.2.5 Hitachi Energy Recent Development
11.3 GE Vernova
11.3.1 GE Vernova Company Details
11.3.2 GE Vernova Business Overview
11.3.3 GE Vernova HVDC Voltage Source Converters (VSC) Introduction
11.3.4 GE Vernova Revenue in HVDC Voltage Source Converters (VSC) Business (2019-2024)
11.3.5 GE Vernova Recent Development
11.4 NARI Technology
11.4.1 NARI Technology Company Details
11.4.2 NARI Technology Business Overview
11.4.3 NARI Technology HVDC Voltage Source Converters (VSC) Introduction
11.4.4 NARI Technology Revenue in HVDC Voltage Source Converters (VSC) Business (2019-2024)
11.4.5 NARI Technology Recent Development
11.5 Toshiba
11.5.1 Toshiba Company Details
11.5.2 Toshiba Business Overview
11.5.3 Toshiba HVDC Voltage Source Converters (VSC) Introduction
11.5.4 Toshiba Revenue in HVDC Voltage Source Converters (VSC) Business (2019-2024)
11.5.5 Toshiba Recent Development
11.6 Rongxin Huiko Electric
11.6.1 Rongxin Huiko Electric Company Details
11.6.2 Rongxin Huiko Electric Business Overview
11.6.3 Rongxin Huiko Electric HVDC Voltage Source Converters (VSC) Introduction
11.6.4 Rongxin Huiko Electric Revenue in HVDC Voltage Source Converters (VSC) Business (2019-2024)
11.6.5 Rongxin Huiko Electric Recent Development
11.7 XJ Electric
11.7.1 XJ Electric Company Details
11.7.2 XJ Electric Business Overview
11.7.3 XJ Electric HVDC Voltage Source Converters (VSC) Introduction
11.7.4 XJ Electric Revenue in HVDC Voltage Source Converters (VSC) Business (2019-2024)
11.7.5 XJ Electric Recent Development
11.8 Hyosung Heavy Industries
11.8.1 Hyosung Heavy Industries Company Details
11.8.2 Hyosung Heavy Industries Business Overview
11.8.3 Hyosung Heavy Industries HVDC Voltage Source Converters (VSC) Introduction
11.8.4 Hyosung Heavy Industries Revenue in HVDC Voltage Source Converters (VSC) Business (2019-2024)
11.8.5 Hyosung Heavy Industries Recent Development
11.9 XD Electric
11.9.1 XD Electric Company Details
11.9.2 XD Electric Business Overview
11.9.3 XD Electric HVDC Voltage Source Converters (VSC) Introduction
11.9.4 XD Electric Revenue in HVDC Voltage Source Converters (VSC) Business (2019-2024)
11.9.5 XD Electric Recent Development
11.10 TBEA
11.10.1 TBEA Company Details
11.10.2 TBEA Business Overview
11.10.3 TBEA HVDC Voltage Source Converters (VSC) Introduction
11.10.4 TBEA Revenue in HVDC Voltage Source Converters (VSC) Business (2019-2024)
11.10.5 TBEA Recent Development
11.11 Sifang Automation
11.11.1 Sifang Automation Company Details
11.11.2 Sifang Automation Business Overview
11.11.3 Sifang Automation HVDC Voltage Source Converters (VSC) Introduction
11.11.4 Sifang Automation Revenue in HVDC Voltage Source Converters (VSC) Business (2019-2024)
11.11.5 Sifang Automation Recent Development
11.12 Mitsubishi Electric
11.12.1 Mitsubishi Electric Company Details
11.12.2 Mitsubishi Electric Business Overview
11.12.3 Mitsubishi Electric HVDC Voltage Source Converters (VSC) Introduction
11.12.4 Mitsubishi Electric Revenue in HVDC Voltage Source Converters (VSC) Business (2019-2024)
11.12.5 Mitsubishi Electric Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer

Companies Mentioned:

Siemens Energy
Hitachi Energy
GE Vernova
NARI Technology
Toshiba
Rongxin Huiko Electric
XJ Electric
Hyosung Heavy Industries
XD Electric
TBEA
Sifang Automation
Mitsubishi Electric

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