Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market to 2032
Overview
The Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market is expected to reach a 7.29 USD Billion by 2032 and is projected to grow at a CAGR of 6.97% from 2025 to 2032.
Revenue, 2024 (USD Billion)
4.29
Forecast, 2032 (USD Billion)
7.29
CAGR, 2024 - 2032
6.97%
Report Coverage
Asia-Pacific
Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market 2018-2032 USD Billion
Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 4.29 USD Billion
- Projected Market Size (2032): 7.29 USD Billion
- CAGR (2025-2032): 6.97%
Key Findings of Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market
- The Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market was valued at 7.29 USD Billion in 2024.
- The Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market is likely to grow at a CAGR of 6.97% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Bulk Power Transmission in Application Segment accounted for the largest share of the market with a revenue of 2.54 USD Billion
- The fastest growing segment Above 2001 MW in Power Rating Segment grew Fastest with a CAGR of 7.51% during the forecast period from 2024 to 2032.
Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market Scope
Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market Segmentation & Scope
Application
- In-feed Urban Areas
- Interconnecting Grids
- Bulk Power Transmission
Power Rating
- Below 500 MW
- 501-1000 MW
- Above 2001 MW
- 1501-2000 MW
- 1001-1500 MW
Voltage Rating
- More Than 800 kV
- Less Than 350 kV
- 640-800 kV
- 350-640 kV
Component
- Others
- Electrodes
- Reactive Power Supplies
- Control and Protection
- Transmission Cables
- Converter Stations
Project Type
- Multi-terminal System
- Back-To-Back Stations
- Point-To-Point Transmission
Technology
- Capacitor Commutated Converter
- Voltage Source Converter
- Line Commutated Converter
Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2024 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 4.29 USD Billion |
| Market Value in 2032 | 7.29 USD Billion |
| CAGR (2025-2032) | 6.97% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Application,Power Rating,Voltage Rating,Component,Project Type,Technology |
Regional Insights:
-
Leading Market (2024-2032): Asia-Pacific, leading in terms of revenue 4.29 USD Billion in 2024
- Key Country: China, leading in terms of revenue with value of 1,155.35 USD Million in 2024.
Segments and Scope
-
Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market to 2032, By Application
- Bulk Power Transmission is the largest segment in Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market to 2032 with a revenue of 2.54 USD Billion in the year 2024.
- Bulk Power Transmission is the Fastest growing segment in Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market to 2032 with a Growth rate of 7.20 % in forecast period 2025-2032.
-
Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market to 2032, By Power Rating
- 1001-1500 MW is the largest segment in Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market to 2032 with a revenue of 1.48 USD Billion in the year 2024.
- Above 2001 MW is the Fastest growing segment in Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market to 2032 with a Growth rate of 7.22 % in forecast period 2025-2032.
-
Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market to 2032, By Voltage Rating
- 350-640 kV is the largest segment in Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market to 2032 with a revenue of 1.79 USD Billion in the year 2024.
- 350-640 kV is the Fastest growing segment in Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market to 2032 with a Growth rate of 7.36 % in forecast period 2025-2032.
-
Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market to 2032, By Component
- Converter Stations is the largest segment in Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market to 2032 with a revenue of 2.12 USD Billion in the year 2024.
- Converter Stations is the Fastest growing segment in Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market to 2032 with a Growth rate of 7.33 % in forecast period 2025-2032.
-
Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market to 2032, By Project Type
- Point-To-Point Transmission is the largest segment in Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market to 2032 with a revenue of 1.93 USD Billion in the year 2024.
- Point-To-Point Transmission is the Fastest growing segment in Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market to 2032 with a Growth rate of 7.34 % in forecast period 2025-2032.
-
Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market to 2032, By Technology
- Line Commutated Converter is the largest segment in Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market to 2032 with a revenue of 2.17 USD Billion in the year 2024.
- Line Commutated Converter is the Fastest growing segment in Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market to 2032 with a Growth rate of 7.19 % in forecast period 2025-2032.
Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market Company Share Analysis
| Company Name |
|
||
| Siemens | |||
| ABB | |||
| Hitachi, Ltd. | |||
| Prysmian Group | |||
| GE Vernova and/or its affiliates | |||
Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market Geographical Sales Distribution, 2018-2032 USD Billion
Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market is segmented based on Segmentation Application,Power Rating,Voltage Rating,Component,Project Type,Technology.
Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market was valued at USD 4.29(Revenue in USD Billion) in 2024.
Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market is projected to grow at a CAGR of 6.97% during the forecast period of 2024 to 2032.
The Bulk Power Transmission segment is expected to dominate the Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market, holding a largest market share of 2.54 USD Billion in 2024
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Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market Scope
Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market Segmentation & Scope
Application
- In-feed Urban Areas
- Interconnecting Grids
- Bulk Power Transmission
Power Rating
- Below 500 MW
- 501-1000 MW
- Above 2001 MW
- 1501-2000 MW
- 1001-1500 MW
Voltage Rating
- More Than 800 kV
- Less Than 350 kV
- 640-800 kV
- 350-640 kV
Component
- Others
- Electrodes
- Reactive Power Supplies
- Control and Protection
- Transmission Cables
- Converter Stations
Project Type
- Multi-terminal System
- Back-To-Back Stations
- Point-To-Point Transmission
Technology
- Capacitor Commutated Converter
- Voltage Source Converter
- Line Commutated Converter
Frequently Asked Questions
The Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market is segmented based on Segmentation Application,Power Rating,Voltage Rating,Component,Project Type,Technology.
Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market was valued at USD 4.29(Revenue in USD Billion) in 2024.
Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market is projected to grow at a CAGR of 6.97% during the forecast period of 2024 to 2032.
The estimated market value of the Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market for final year is USD 7.29 (USD Billion).
Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market Company Profiling
Frequently Asked Questions
The Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market is segmented based on Segmentation Application,Power Rating,Voltage Rating,Component,Project Type,Technology.
Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market was valued at USD 4.29(Revenue in USD Billion) in 2024.
Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market is projected to grow at a CAGR of 6.97% during the forecast period of 2024 to 2032.
The estimated market value of the Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market for final year is USD 7.29 (USD Billion).
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