Belgium High Voltage Direct Current (HVDC) Transmission Market to 2032
Overview
The Belgium High Voltage Direct Current (HVDC) Transmission Market is expected to reach a 177.70 USD Million by 2032 and is projected to grow at a CAGR of 4.68% from 2025 to 2032.
Revenue, 2024 (USD Million)
124.27
Forecast, 2032 (USD Million)
177.70
CAGR, 2024 - 2032
4.68%
Report Coverage
Belgium
Belgium High Voltage Direct Current (HVDC) Transmission Market 2018-2032 USD Million
Belgium High Voltage Direct Current (HVDC) Transmission Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 124.27 USD Million
- Projected Market Size (2032): 177.70 USD Million
- CAGR (2025-2032): 4.68%
Key Findings of Belgium High Voltage Direct Current (HVDC) Transmission Market
- The Belgium High Voltage Direct Current (HVDC) Transmission Market was valued at 124.27 USD Million in 2024.
- The Belgium High Voltage Direct Current (HVDC) Transmission Market is likely to grow at a CAGR of 4.68% 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 70.81 USD Million
- The fastest growing segment Above 2001 MW in Power Rating Segment grew Fastest with a CAGR of 5.41% during the forecast period from 2024 to 2032.
Belgium High Voltage Direct Current (HVDC) Transmission Market Scope
Belgium High Voltage Direct Current (HVDC) Transmission Market Segmentation & Scope
Voltage Rating
- More Than 800 kV
- Less Than 350 kV
- 640-800 kV
- 350-640 kV
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
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
Belgium High Voltage Direct Current (HVDC) Transmission Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2024 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 124.27 USD Million |
| Market Value in 2032 | 177.70 USD Million |
| CAGR (2025-2032) | 4.68% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Voltage Rating,Application,Power Rating,Component,Project Type,Technology |
Regional Insights:
-
Leading Market (2024-2032): Belgium, leading in terms of revenue 124.27 USD Million in 2024
- Key Country: Belgium, leading in terms of revenue with value of 124.27 USD Million in 2024.
Segments and Scope
-
Belgium High Voltage Direct Current (HVDC) Transmission Market to 2032, By Voltage Rating
- 350-640 kV is the largest segment in Belgium High Voltage Direct Current (HVDC) Transmission Market to 2032 with a revenue of 51.27 USD Million in the year 2024.
- 350-640 kV is the Fastest growing segment in Belgium High Voltage Direct Current (HVDC) Transmission Market to 2032 with a Growth rate of 5.24 % in forecast period 2025-2032.
-
Belgium High Voltage Direct Current (HVDC) Transmission Market to 2032, By Application
- Bulk Power Transmission is the largest segment in Belgium High Voltage Direct Current (HVDC) Transmission Market to 2032 with a revenue of 70.81 USD Million in the year 2024.
- Bulk Power Transmission is the Fastest growing segment in Belgium High Voltage Direct Current (HVDC) Transmission Market to 2032 with a Growth rate of 4.86 % in forecast period 2025-2032.
-
Belgium High Voltage Direct Current (HVDC) Transmission Market to 2032, By Power Rating
- 1001-1500 MW is the largest segment in Belgium High Voltage Direct Current (HVDC) Transmission Market to 2032 with a revenue of 42.23 USD Million in the year 2024.
- Above 2001 MW is the Fastest growing segment in Belgium High Voltage Direct Current (HVDC) Transmission Market to 2032 with a Growth rate of 4.87 % in forecast period 2025-2032.
-
Belgium High Voltage Direct Current (HVDC) Transmission Market to 2032, By Component
- Converter Stations is the largest segment in Belgium High Voltage Direct Current (HVDC) Transmission Market to 2032 with a revenue of 61.28 USD Million in the year 2024.
- Converter Stations is the Fastest growing segment in Belgium High Voltage Direct Current (HVDC) Transmission Market to 2032 with a Growth rate of 5.11 % in forecast period 2025-2032.
-
Belgium High Voltage Direct Current (HVDC) Transmission Market to 2032, By Project Type
- Point-To-Point Transmission is the largest segment in Belgium High Voltage Direct Current (HVDC) Transmission Market to 2032 with a revenue of 53.77 USD Million in the year 2024.
- Point-To-Point Transmission is the Fastest growing segment in Belgium High Voltage Direct Current (HVDC) Transmission Market to 2032 with a Growth rate of 5.09 % in forecast period 2025-2032.
-
Belgium High Voltage Direct Current (HVDC) Transmission Market to 2032, By Technology
- Line Commutated Converter is the largest segment in Belgium High Voltage Direct Current (HVDC) Transmission Market to 2032 with a revenue of 60.62 USD Million in the year 2024.
- Line Commutated Converter is the Fastest growing segment in Belgium High Voltage Direct Current (HVDC) Transmission Market to 2032 with a Growth rate of 5.08 % in forecast period 2025-2032.
Belgium High Voltage Direct Current (HVDC) Transmission Market Company Share Analysis
| Company Name |
|
||
| Siemens | |||
| ABB | |||
| Hitachi, Ltd. | |||
| Prysmian Group | |||
| GE Vernova and/or its affiliates | |||
Belgium High Voltage Direct Current (HVDC) Transmission Market Geographical Sales Distribution, 2018-2032 USD Million
Belgium High Voltage Direct Current (HVDC) Transmission Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Belgium High Voltage Direct Current (HVDC) Transmission Market is segmented based on Segmentation Voltage Rating,Application,Power Rating,Component,Project Type,Technology.
Belgium High Voltage Direct Current (HVDC) Transmission Market was valued at USD 124.27(Revenue in USD Million) in 2024.
Belgium High Voltage Direct Current (HVDC) Transmission Market is projected to grow at a CAGR of 4.68% during the forecast period of 2024 to 2032.
The Bulk Power Transmission segment is expected to dominate the Belgium High Voltage Direct Current (HVDC) Transmission Market, holding a largest market share of 70.81 USD Million in 2024
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Belgium High Voltage Direct Current (HVDC) Transmission Market Scope
Belgium High Voltage Direct Current (HVDC) Transmission Market Segmentation & Scope
Voltage Rating
- More Than 800 kV
- Less Than 350 kV
- 640-800 kV
- 350-640 kV
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
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 Belgium High Voltage Direct Current (HVDC) Transmission Market is segmented based on Segmentation Voltage Rating,Application,Power Rating,Component,Project Type,Technology.
Belgium High Voltage Direct Current (HVDC) Transmission Market was valued at USD 124.27(Revenue in USD Million) in 2024.
Belgium High Voltage Direct Current (HVDC) Transmission Market is projected to grow at a CAGR of 4.68% during the forecast period of 2024 to 2032.
The estimated market value of the Belgium High Voltage Direct Current (HVDC) Transmission Market for final year is USD 177.70 (USD Million).
Belgium High Voltage Direct Current (HVDC) Transmission Market Company Profiling
Frequently Asked Questions
The Belgium High Voltage Direct Current (HVDC) Transmission Market is segmented based on Segmentation Voltage Rating,Application,Power Rating,Component,Project Type,Technology.
Belgium High Voltage Direct Current (HVDC) Transmission Market was valued at USD 124.27(Revenue in USD Million) in 2024.
Belgium High Voltage Direct Current (HVDC) Transmission Market is projected to grow at a CAGR of 4.68% during the forecast period of 2024 to 2032.
The estimated market value of the Belgium High Voltage Direct Current (HVDC) Transmission Market for final year is USD 177.70 (USD Million).
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