North America High Voltage Direct Current (HVDC) Transmission Market to 2032
Overview
The North America High Voltage Direct Current (HVDC) Transmission Market is expected to reach a 5.30 USD Billion by 2032 and is projected to grow at a CAGR of 5.90% from 2025 to 2032.
Revenue, 2024 (USD Billion)
3.38
Forecast, 2032 (USD Billion)
5.30
CAGR, 2024 - 2032
5.90%
Report Coverage
North America
North America High Voltage Direct Current (HVDC) Transmission Market 2018-2032 USD Billion
North America High Voltage Direct Current (HVDC) Transmission Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 3.38 USD Billion
- Projected Market Size (2032): 5.30 USD Billion
- CAGR (2025-2032): 5.90%
Key Findings of North America High Voltage Direct Current (HVDC) Transmission Market
- The North America High Voltage Direct Current (HVDC) Transmission Market was valued at 5.30 USD Billion in 2024.
- The North America High Voltage Direct Current (HVDC) Transmission Market is likely to grow at a CAGR of 5.90% 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 2.00 USD Billion
- The fastest growing segment Above 2001 MW in Power Rating Segment grew Fastest with a CAGR of 6.46% during the forecast period from 2024 to 2032.
North America High Voltage Direct Current (HVDC) Transmission Market Scope
North America High Voltage Direct Current (HVDC) Transmission Market Segmentation & Scope
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
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
Application
- In-feed Urban Areas
- Interconnecting Grids
- Bulk Power Transmission
Technology
- Capacitor Commutated Converter
- Voltage Source Converter
- Line Commutated Converter
North America 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 | 3.38 USD Billion |
| Market Value in 2032 | 5.30 USD Billion |
| CAGR (2025-2032) | 5.90% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Component,Project Type,Power Rating,Voltage Rating,Application,Technology |
Regional Insights:
-
Leading Market (2024-2032): North America, leading in terms of revenue 3.38 USD Billion in 2024
- Key Country: U.S., leading in terms of revenue with value of 2,562.99 USD Million in 2024.
Segments and Scope
-
North America High Voltage Direct Current (HVDC) Transmission Market to 2032, By Component
- Converter Stations is the largest segment in North America High Voltage Direct Current (HVDC) Transmission Market to 2032 with a revenue of 1.65 USD Billion in the year 2024.
- Converter Stations is the Fastest growing segment in North America High Voltage Direct Current (HVDC) Transmission Market to 2032 with a Growth rate of 6.35 % in forecast period 2025-2032.
-
North America High Voltage Direct Current (HVDC) Transmission Market to 2032, By Project Type
- Point-To-Point Transmission is the largest segment in North America High Voltage Direct Current (HVDC) Transmission Market to 2032 with a revenue of 1.51 USD Billion in the year 2024.
- Point-To-Point Transmission is the Fastest growing segment in North America High Voltage Direct Current (HVDC) Transmission Market to 2032 with a Growth rate of 6.18 % in forecast period 2025-2032.
-
North America High Voltage Direct Current (HVDC) Transmission Market to 2032, By Power Rating
- 1001-1500 MW is the largest segment in North America High Voltage Direct Current (HVDC) Transmission Market to 2032 with a revenue of 1.17 USD Billion in the year 2024.
- Above 2001 MW is the Fastest growing segment in North America High Voltage Direct Current (HVDC) Transmission Market to 2032 with a Growth rate of 6.14 % in forecast period 2025-2032.
-
North America High Voltage Direct Current (HVDC) Transmission Market to 2032, By Voltage Rating
- 350-640 kV is the largest segment in North America High Voltage Direct Current (HVDC) Transmission Market to 2032 with a revenue of 1.43 USD Billion in the year 2024.
- 350-640 kV is the Fastest growing segment in North America High Voltage Direct Current (HVDC) Transmission Market to 2032 with a Growth rate of 6.37 % in forecast period 2025-2032.
-
North America High Voltage Direct Current (HVDC) Transmission Market to 2032, By Application
- Bulk Power Transmission is the largest segment in North America High Voltage Direct Current (HVDC) Transmission Market to 2032 with a revenue of 2.00 USD Billion in the year 2024.
- Bulk Power Transmission is the Fastest growing segment in North America High Voltage Direct Current (HVDC) Transmission Market to 2032 with a Growth rate of 6.20 % in forecast period 2025-2032.
-
North America High Voltage Direct Current (HVDC) Transmission Market to 2032, By Technology
- Line Commutated Converter is the largest segment in North America High Voltage Direct Current (HVDC) Transmission Market to 2032 with a revenue of 1.70 USD Billion in the year 2024.
- Line Commutated Converter is the Fastest growing segment in North America High Voltage Direct Current (HVDC) Transmission Market to 2032 with a Growth rate of 6.19 % in forecast period 2025-2032.
North America High Voltage Direct Current (HVDC) Transmission Market Company Share Analysis
| Company Name |
|
||
| Siemens | |||
| ABB | |||
| Hitachi, Ltd. | |||
| Prysmian Group | |||
| GE Vernova and/or its affiliates | |||
North America High Voltage Direct Current (HVDC) Transmission Market Geographical Sales Distribution, 2018-2032 USD Billion
North America High Voltage Direct Current (HVDC) Transmission Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The North America High Voltage Direct Current (HVDC) Transmission Market is segmented based on Segmentation Component,Project Type,Power Rating,Voltage Rating,Application,Technology.
North America High Voltage Direct Current (HVDC) Transmission Market was valued at USD 3.38(Revenue in USD Billion) in 2024.
North America High Voltage Direct Current (HVDC) Transmission Market is projected to grow at a CAGR of 5.90% during the forecast period of 2024 to 2032.
The Bulk Power Transmission segment is expected to dominate the North America High Voltage Direct Current (HVDC) Transmission Market, holding a largest market share of 2.00 USD Billion in 2024
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North America High Voltage Direct Current (HVDC) Transmission Market Scope
North America High Voltage Direct Current (HVDC) Transmission Market Segmentation & Scope
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
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
Application
- In-feed Urban Areas
- Interconnecting Grids
- Bulk Power Transmission
Technology
- Capacitor Commutated Converter
- Voltage Source Converter
- Line Commutated Converter
Frequently Asked Questions
The North America High Voltage Direct Current (HVDC) Transmission Market is segmented based on Segmentation Component,Project Type,Power Rating,Voltage Rating,Application,Technology.
North America High Voltage Direct Current (HVDC) Transmission Market was valued at USD 3.38(Revenue in USD Billion) in 2024.
North America High Voltage Direct Current (HVDC) Transmission Market is projected to grow at a CAGR of 5.90% during the forecast period of 2024 to 2032.
The estimated market value of the North America High Voltage Direct Current (HVDC) Transmission Market for final year is USD 5.30 (USD Billion).
North America High Voltage Direct Current (HVDC) Transmission Market Company Profiling
Frequently Asked Questions
The North America High Voltage Direct Current (HVDC) Transmission Market is segmented based on Segmentation Component,Project Type,Power Rating,Voltage Rating,Application,Technology.
North America High Voltage Direct Current (HVDC) Transmission Market was valued at USD 3.38(Revenue in USD Billion) in 2024.
North America High Voltage Direct Current (HVDC) Transmission Market is projected to grow at a CAGR of 5.90% during the forecast period of 2024 to 2032.
The estimated market value of the North America High Voltage Direct Current (HVDC) Transmission Market for final year is USD 5.30 (USD Billion).
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