Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2032

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Asia-Pacific High Voltage Direct Current (HVDC) Transmission Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2032

  • Semiconductors and Electronics
  • Published Report
  • Jul 2025
  • Asia-Pacific
  • 350 Pages
  • No of Tables: 142
  • No of Figures: 28

Table of Content

1 INTRODUCTION

1.1 OBJECTIVES OF THE STUDY

1.2 MARKET DEFINITION

1.3 OVERVIEW

1.4 LIMITATIONS

1.5 MARKETS COVERED

2 MARKET SEGMENTATION

2.1 MARKETS COVERED

2.2 GEOGRAPHICAL SCOPE

2.3 YEARS CONSIDERED FOR THE STUDY

2.4 CURRENCY AND PRICING

2.5 DBMR TRIPOD DATA VALIDATION MODEL

2.6 MULTIVARIATE MODELING

2.7 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS

2.8 DBMR MARKET POSITION GRID

2.9 DBMR VENDOR SHARE ANALYSIS

2.1 MARKET END USE COVERAGE GRID

2.11 SECONDARY SOURCES

2.12 ASSUMPTIONS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

4.1 PESTLE ANALYSIS

4.1.1 POLITICAL

4.1.2 ECONOMIC

4.1.3 SOCIAL

4.1.4 TECHNOLOGICAL

4.1.5 ENVIRONMENTAL

4.1.6 LEGAL

4.2 PORTERS FIVE FORCES

4.2.1 INTENSITY OF COMPETITIVE RIVALRY – MODERATE TO HIGH

4.2.2 BARGAINING POWER OF BUYERS / CONSUMERS – HIGH

4.2.3 THREAT OF NEW ENTRANTS – LOW

4.2.4 THREAT OF SUBSTITUTE PRODUCTS – LOW TO MODERATE

4.2.5 BARGAINING POWER OF SUPPLIERS – MODERATE

4.3 PATENT ANALYSIS

4.3.1 PATENT QUALITY AND STRENGTH

4.3.2 PATENT FAMILIES

4.3.3 NUMBER OF INTERNATIONAL PATENT FAMILIES BY PUBLICATION YEAR

4.3.4 LICENSING AND COLLABORATIONS

4.3.5 COMPANY PATENT LANDSCAPE

4.3.6 REGION PATENT LANDSCAPE

4.3.7 IP STRATEGY AND MANAGEMENT

4.3.8 PATENT ANALYSIS

4.4 VALUE CHAIN

4.4.1 COMPONENT MANUFACTURING:

4.4.2 SYSTEM INTEGRATION:

4.4.3 TRANSMISSION INFRASTRUCTURE DEVELOPMENT:

4.4.4 END-USERS:

4.5 SUPPLY CHAIN ANALYSIS

4.6 PENETRATION & GROWTH PROSPECT MAPPING FOR HVDC MARKET

4.7 OVERVIEW OF TECHNOLOGICAL INNOVATIONS IN THE ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET

4.8 TARIFFS & IMPACT ON THE MARKET

4.8.1 CURRENT TARIFF RATE (S) IN TOP-5 COUNTRY MARKETS

4.8.2 OUTLOOK: LOCAL PRODUCTION V/S IMPORT RELIANCE

4.8.3 VENDOR SELECTION CRITERIA DYNAMICS

4.8.4 IMPACT ON SUPPLY CHAIN

4.8.5 RAW MATERIAL PROCUREMENT

4.8.6 MANUFACTURING AND PRODUCTION

4.8.7 LOGISTICS AND DISTRIBUTION

4.8.8 PRICE PITCHING AND POSITION OF MARKET

4.8.9 INDUSTRY PARTICIPANTS: PROACTIVE MOVES

4.8.10 SUPPLY CHAIN OPTIMIZATION

4.8.11 JOINT VENTURE ESTABLISHMENTS

4.8.12 IMPACT ON PRICES

4.8.13 REGULATORY INCLINATION

4.8.14 GEOPOLITICAL SITUATION

4.8.15 TRADE PARTNERSHIPS BETWEEN THE COUNTRIES

4.8.16 FREE TRADE AGREEMENTS

4.8.17 ALLIANCES ESTABLISHMENTS

4.8.18 STATUS ACCREDITION (INCLUDING MFTN)

4.8.19 DOMESTIC COURSE OF CORRECTION

4.8.20 INCENTIVE SCHEMES TO BOOST PRODUCTION OUTPUTS

4.8.21 ESTABLISHMENT OF SPECIAL ECONOMIC ZONES/INDUSTRIAL PARKS

4.9 IMPACT ON PRICES

5 REGULATION COVERAGE

6 MARKET OVERVIEW

6.1 DRIVERS

6.1.1 RISING NEED TO TRANSMIT RENEWABLE ENERGY OVER LONG DISTANCES

6.1.2 GROWING INVESTMENTS IN GRID MODERNIZATION AND CROSS-BORDER

6.1.3 IMPROVED TECHNOLOGICAL CAPABILITIES IN HVDC SYSTEMS

6.1.4 STRONG POLICY PUSH FOR DECARBONIZATION AND ENERGY EFFICIENCY

6.2 RESTRAINTS

6.2.1 HIGH INITIAL CAPITAL INVESTMENT

6.2.2 COMPLEX AND LENGTHY REGULATORY APPROVALS

6.3 OPPORTUNITIES

6.3.1 GOVERNMENTS WORLDWIDE ARE BOOSTING HVDC INVESTMENT TO ACHIEVE ENERGY TRANSITION AND ENHANCE GRID RELIABILITY

6.3.2 EMERGING APPLICATIONS IN HIGH-SPEED RAIL AND ELECTRIC VEHICLE CHARGING INFRASTRUCTURE.

6.3.3 ADVANCEMENTS IN CABLE TECHNOLOGY, CONVERTERS AND DIGITAL CONTROLS EXPAND USE CASES.

6.4 CHALLENGES

6.4.1 HVDC FACES TECHNICAL HURDLES IN AC GRID CONNECTIONS, MULTI-TERMINAL DC MANAGEMENT/FAULTS, AND ADVANCED MODELING.

6.4.2 HVDC FACES FINANCIAL HURDLES: HIGH UPFRONT COSTS AND SLOW RETURNS REQUIRE GOVERNMENT AND INVESTOR SUPPORT.

7 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY COMPONENT

7.1 OVERVIEW

7.2 CONVERTER STATIONS

7.3 TRANSMISSION CABLES

7.4 CONTROL AND PROTECTION

7.5 REACTIVE POWER SUPPLIES

7.6 ELECTRODES

7.7 OTHERS

8 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY PROJECT TYPE

8.1 OVERVIEW

8.2 POINT-TO-POINT TRANSMISSION

8.3 BACK-TO-BACK STATIONS

8.4 MULTI-TERMINAL SYSTEM

9 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TECHNOLOGY

9.1 OVERVIEW

9.2 LINE COMMUTATED CONVERTER

9.3 VOLTAGE SOURCE CONVERTER

9.4 CAPACITOR COMMUTATED CONVERTER

10 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY APPLICATION

10.1 OVERVIEW

10.2 BULK POWER TRANSMISSION

10.2.1 CONVERTER STATIONS

10.2.2 TRANSMISSION CABLES

10.2.3 CONTROL AND PROTECTION

10.2.4 REACTIVE POWER SUPPLIES

10.2.5 ELECTRODES

10.2.6 OTHERS

10.3 INTERCONNECTING GRIDS

10.3.1 CONVERTER STATIONS

10.3.2 TRANSMISSION CABLES

10.3.3 CONTROL AND PROTECTION

10.3.4 REACTIVE POWER SUPPLIES

10.3.5 ELECTRODES

10.3.6 OTHERS

10.4 IN-FEED URBAN AREAS

10.4.1 CONVERTER STATIONS

10.4.2 TRANSMISSION CABLES

10.4.3 CONTROL AND PROTECTION

10.4.4 REACTIVE POWER SUPPLIES

10.4.5 ELECTRODES

10.4.6 OTHERS

11 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY POWER RATING

11.1 OVERVIEW

11.2 1001-1500 MW

11.3 1501-2000 MW

11.4 ABOVE 2001 MW

11.5 501-1000 MW

11.6 BELOW 500 MW

12 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY VOLTAGE RATING

12.1 OVERVIEW

12.2 350-640 KV

12.3 640-800 KV

12.4 LESS THAN 350 KV

12.5 MORE THAN 800 KV

13 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY REGION

13.1 ASIA-PACIFIC

13.1.1 CHINA

13.1.2 INDIA

13.1.3 SOUTH KOREA

13.1.4 JAPAN

13.1.5 SINGAPORE

13.1.6 AUSTRALIA

13.1.7 MALAYSIA

13.1.8 THAILAND

13.1.9 INDONESIA

13.1.10 PHILIPPINES

13.1.11 REST OF ASIA-PACIFIC

14 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET

14.1 COMPANY SHARE ANALYSIS: ASIA-PACIFIC

15 SWOT ANALYSIS

16 COMPANY PROFILES

16.1 ABB

16.1.1 COMPANY SNAPSHOT

16.1.2 REVENUE ANALYSIS

16.1.3 COMPANY SHARE ANALYSIS

16.1.4 PRODUCT PORTFOLIO

16.1.5 RECENT DEVELOPMENTS/NEWS

16.2 SIEMENS

16.2.1 COMPANY SNAPSHOT

16.2.2 REVENUE ANALYSIS

16.2.3 COMPANY SHARE ANALYSIS

16.2.4 PRODUCT PORTFOLIO

16.2.5 RECENT DEVELOPMENTS/NEWS

16.3 GE VERNOVA

16.3.1 COMPANY SNAPSHOT

16.3.2 REVENUE ANALYSIS

16.3.3 COMPANY SHARE ANALYSIS

16.3.4 PRODUCT PORTFOLIO

16.3.5 RECENT DEVELOPMENTS/NEWS

16.4 PRYSMIAN GROUP

16.4.1 COMPANY SNAPSHOT

16.4.2 REVENUE ANALYSIS

16.4.3 COMPANY SHARE ANALYSIS

16.4.4 PRODUCT PORTFOLIO

16.4.5 RECENT DEVELOPMENT

16.5 HITACHI, LTD.

16.5.1 COMPANY SNAPSHOT

16.5.2 REVENUE ANALYSIS

16.5.3 COMPANY SHARE ANALYSIS

16.5.4 PRODUCT PORTFOLIO

16.5.5 RECENT DEVELOPMENTS/NEWS

16.6 AMERICAN SUPERCONDUCTOR

16.6.1 COMPANY SNAPSHOT

16.6.2 REVENUE ANALYSIS

16.6.3 PRODUCT PORTFOLIO

16.6.4 RECENT DEVELOPMENT

16.7 ATCO LTD.

16.7.1 COMPANY SNAPSHOT

16.7.2 REVENUE ANALYSIS

16.7.3 PRODUCT PORTFOLIO

16.7.4 RECENT DEVELOPMENT

16.8 DELTA ELECTRONICS, INC.

16.8.1 COMPANY SNAPSHOT

16.8.2 REVENUE ANALYSIS

16.8.3 PRODUCT PORTFOLIO

16.8.4 RECENT DEVELOPMENT/NEWS

16.9 EMERSON ELECTRIC CO.

16.9.1 COMPANY SNAPSHOT

16.9.2 REVENUE ANALYSIS

16.9.3 PRODUCT PORTFOLIO

16.9.4 RECENT DEVELOPMENTS/NEWS

16.1 ESCO TECHNOLOGIES INC. (DOBLE ENGINEERING COMPANY)

16.10.1 COMPANY SNAPSHOT

16.10.2 REVENUE ANALYSIS

16.10.3 PRODUCT PORTFOLIO

16.10.4 RECENT DEVELOPMENT

16.11 INFINEON TECHNOLOGIES AG

16.11.1 COMPANY SNAPSHOT

16.11.2 REVENUE ANALYSIS

16.11.3 PRODUCT PORTFOLIO

16.11.4 RECENT DEVELOPMENT/NEWS

16.12 LS ELECTRIC CO, LTD.

16.12.1 COMPANY SNAPSHOT

16.12.2 REVENUE ANALYSIS

16.12.3 PRODUCT PORTFOLIO

16.12.4 RECENT DEVELOPMENT

16.13 MITSUBISHI ELECTRIC CORPORATION

16.13.1 COMPANY SNAPSHOT

16.13.2 REVENUE ANALYSIS

16.13.3 PRODUCT PORTFOLIO

16.13.4 RECENT DEVELOPMENTS/NEWS

16.14 NEXANS

16.14.1 COMPANY SNAPSHOT

16.14.2 REVENUE ANALYSIS

16.14.3 PRODUCT PORTFOLIO

16.14.4 RECENT DEVELOPMENTS/NEWS

16.15 NKT A S

16.15.1 COMPANY SNAPSHOT

16.15.2 REVENUE ANALYSIS

16.15.3 PRODUCT PORTFOLIO

16.15.4 RECENT DEVELOPMENTS/NEWS

16.16 SCHNEIDER ELECTRIC

16.16.1 COMPANY SNAPSHOT

16.16.2 REVENUE ANALYSIS

16.16.3 PRODUCT PORTFOLIO

16.16.4 RECENT DEVELOPMENTS/NEWS

16.17 SCHWEITZER ENGINEERING LABORATORIES, INC.

16.17.1 COMPANY SNAPSHOT

16.17.2 PRODUCT PORTFOLIO

16.17.3 RECENT DEVELOPMENTS/NEWS

16.18 STANTEC

16.18.1 COMPANY SNAPSHOT

16.18.2 REVENUE ANALYSIS

16.18.3 SERVICES PORTFOLIO

16.18.4 RECENT DEVELOPMENT

16.19 SUMITOMO ELECTRIC INDUSTRIES, LTD

16.19.1 COMPANY SNAPSHOT

16.19.2 REVENUE ANALYSIS

16.19.3 PRODUCT PORTFOLIO

16.19.4 RECENT DEVELOPMENTS/NEWS

16.2 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION

16.20.1 COMPANY SNAPSHOT

16.20.2 PRODUCT PORTFOLIO

16.20.3 RECENT DEVELOPMENT

17 QUESTIONNAIRE

18 RELATED REPORTS

List of Table

TABLE 1 CONSUMER BUYING BEHAVIOUR

TABLE 2 HVDC TRANSMISSION IMPORT TARIFF RATES IN TOP 5 MARKETS (2024)

TABLE 3 LOCAL PRODUCTION V/S IMPORT RELIANCE

TABLE 4 REGULATORY INCLINATION

TABLE 5 TRADE PARTNERSHIPS BETWEEN THE COUNTRIES

TABLE 6 ALLIANCES ESTABLISHMENTS

TABLE 7 ESTABLISHMENT OF SPECIAL ECONOMIC ZONES (SEZS) AND INDUSTRIAL PARKS

TABLE 8 REGULATORY COVERAGE

TABLE 9 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY COMPONENT, 2018-2032 (USD THOUSAND)

TABLE 10 ASIA-PACIFIC CONVERTER STATIONS IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY REGION, 2018-2032 (USD THOUSAND)

TABLE 11 ASIA-PACIFIC TRANSMISSION CABLES IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY REGION, 2018-2032 (USD THOUSAND)

TABLE 12 ASIA-PACIFIC CONTROL AND PROTECTION IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY REGION, 2018-2032 (USD THOUSAND)

TABLE 13 ASIA-PACIFIC REACTIVE POWER SUPPLIES IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY REGION, 2018-2032 (USD THOUSAND)

TABLE 14 ASIA-PACIFIC ELECTRODES IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY REGION, 2018-2032 (USD THOUSAND)

TABLE 15 ASIA-PACIFIC OTHERS IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY REGION, 2018-2032 (USD THOUSAND)

TABLE 16 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY PROJECT TYPE, 2018-2032 (USD THOUSAND)

TABLE 17 ASIA-PACIFIC POINT-TO-POINT TRANSMISSION IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY REGION, 2018-2032 (USD THOUSAND)

TABLE 18 ASIA-PACIFIC BACK-TO-BACK STATIONS IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY REGION, 2018-2032 (USD THOUSAND)

TABLE 19 ASIA-PACIFIC MULTI-TERMINAL SYSTEM IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY REGION, 2018-2032 (USD THOUSAND)

TABLE 20 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TECHNOLOGY, 2018-2032 (USD THOUSAND)

TABLE 21 ASIA-PACIFIC LINE COMMUTATED CONVERTER IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY REGION, 2018-2032 (USD THOUSAND)

TABLE 22 ASIA-PACIFIC VOLTAGE SOURCE CONVERTER IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY REGION, 2018-2032 (USD THOUSAND)

TABLE 23 ASIA-PACIFIC CAPACITOR COMMUTATED CONVERTER IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY REGION, 2018-2032 (USD THOUSAND)

TABLE 24 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY APPLICATION, 2018-2032 (USD THOUSAND)

TABLE 25 ASIA-PACIFIC BULK POWER TRANSMISSION IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY REGION, 2018-2032 (USD THOUSAND)

TABLE 26 ASIA-PACIFIC BULK POWER TRANSMISSION IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TYPE, 2018-2032 (USD THOUSAND)

TABLE 27 ASIA-PACIFIC INTERCONNECTING GRIDS IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY REGION, 2018-2032 (USD THOUSAND)

TABLE 28 ASIA-PACIFIC INTERCONNECTING GRIDS IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TYPE, 2018-2032 (USD THOUSAND)

TABLE 29 ASIA-PACIFIC IN-FEED URBAN AREAS IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY REGION, 2018-2032 (USD THOUSAND)

TABLE 30 ASIA-PACIFIC IN-FEED URBAN AREAS IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TYPE, 2018-2032 (USD THOUSAND)

TABLE 31 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY POWER RATING, 2018-2032 (USD THOUSAND)

TABLE 32 ASIA-PACIFIC 1001-1500 MW IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY REGION, 2018-2032 (USD THOUSAND)

TABLE 33 ASIA-PACIFIC 1501-2000 MW IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY REGION, 2018-2032 (USD THOUSAND)

TABLE 34 ASIA-PACIFIC ABOVE 2001 MW IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY REGION, 2018-2032 (USD THOUSAND)

TABLE 35 ASIA-PACIFIC 501-1000 MW IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY REGION, 2018-2032 (USD THOUSAND)

TABLE 36 ASIA-PACIFIC BELOW 500 MW IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY REGION, 2018-2032 (USD THOUSAND)

TABLE 37 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY VOLTAGE RATING, 2018-2032 (USD THOUSAND)

TABLE 38 ASIA-PACIFIC 350-640 KV IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY REGION, 2018-2032 (USD THOUSAND)

TABLE 39 ASIA-PACIFIC 640-800 KV IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY REGION, 2018-2032 (USD THOUSAND)

TABLE 40 ASIA-PACIFIC LESS THAN 350 KV IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY REGION, 2018-2032 (USD THOUSAND)

TABLE 41 ASIA-PACIFIC MORE THAN 800 KV IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY REGION, 2018-2032 (USD THOUSAND)

TABLE 42 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY COUNTRY, 2018-2032 (USD THOUSAND)

TABLE 43 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY COMPONENT, 2018-2032 (USD THOUSAND)

TABLE 44 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY PROJECT TYPE, 2018-2032 (USD THOUSAND)

TABLE 45 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TECHNOLOGY, 2018-2032 (USD THOUSAND)

TABLE 46 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY APPLICATION, 2018-2032 (USD THOUSAND)

TABLE 47 ASIA-PACIFIC BULK POWER TRANSMISSION IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TYPE, 2018-2032 (USD THOUSAND)

TABLE 48 ASIA-PACIFIC INTERCONNECTING GRIDS IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TYPE, 2018-2032 (USD THOUSAND)

TABLE 49 ASIA-PACIFIC IN-FEED URBAN AREAS IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TYPE, 2018-2032 (USD THOUSAND)

TABLE 50 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY POWER RATING, 2018-2032 (USD THOUSAND)

TABLE 51 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY VOLTAGE RATING, 2018-2032 (USD THOUSAND)

TABLE 52 CHINA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY COMPONENT, 2018-2032 (USD THOUSAND)

TABLE 53 CHINA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY PROJECT TYPE, 2018-2032 (USD THOUSAND)

TABLE 54 CHINA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TECHNOLOGY, 2018-2032 (USD THOUSAND)

TABLE 55 CHINA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY APPLICATION, 2018-2032 (USD THOUSAND)

TABLE 56 CHINA BULK POWER TRANSMISSION IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TYPE, 2018-2032 (USD THOUSAND)

TABLE 57 CHINA INTERCONNECTING GRIDS IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TYPE, 2018-2032 (USD THOUSAND)

TABLE 58 CHINA IN-FEED URBAN AREAS IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TYPE, 2018-2032 (USD THOUSAND)

TABLE 59 CHINA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY POWER RATING, 2018-2032 (USD THOUSAND)

TABLE 60 CHINA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY VOLTAGE RATING, 2018-2032 (USD THOUSAND)

TABLE 61 INDIA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY COMPONENT, 2018-2032 (USD THOUSAND)

TABLE 62 INDIA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY PROJECT TYPE, 2018-2032 (USD THOUSAND)

TABLE 63 INDIA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TECHNOLOGY, 2018-2032 (USD THOUSAND)

TABLE 64 INDIA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY APPLICATION, 2018-2032 (USD THOUSAND)

TABLE 65 INDIA BULK POWER TRANSMISSION IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TYPE, 2018-2032 (USD THOUSAND)

TABLE 66 INDIA INTERCONNECTING GRIDS IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TYPE, 2018-2032 (USD THOUSAND)

TABLE 67 INDIA IN-FEED URBAN AREAS IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TYPE, 2018-2032 (USD THOUSAND)

TABLE 68 INDIA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY POWER RATING, 2018-2032 (USD THOUSAND)

TABLE 69 INDIA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY VOLTAGE RATING, 2018-2032 (USD THOUSAND)

TABLE 70 SOUTH KOREA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY COMPONENT, 2018-2032 (USD THOUSAND)

TABLE 71 SOUTH KOREA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY PROJECT TYPE, 2018-2032 (USD THOUSAND)

TABLE 72 SOUTH KOREA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TECHNOLOGY, 2018-2032 (USD THOUSAND)

TABLE 73 SOUTH KOREA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY APPLICATION, 2018-2032 (USD THOUSAND)

TABLE 74 SOUTH KOREA BULK POWER TRANSMISSION IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TYPE, 2018-2032 (USD THOUSAND)

TABLE 75 SOUTH KOREA INTERCONNECTING GRIDS IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TYPE, 2018-2032 (USD THOUSAND)

TABLE 76 SOUTH KOREA IN-FEED URBAN AREAS IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TYPE, 2018-2032 (USD THOUSAND)

TABLE 77 SOUTH KOREA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY POWER RATING, 2018-2032 (USD THOUSAND)

TABLE 78 SOUTH KOREA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY VOLTAGE RATING, 2018-2032 (USD THOUSAND)

TABLE 79 JAPAN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY COMPONENT, 2018-2032 (USD THOUSAND)

TABLE 80 JAPAN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY PROJECT TYPE, 2018-2032 (USD THOUSAND)

TABLE 81 JAPAN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TECHNOLOGY, 2018-2032 (USD THOUSAND)

TABLE 82 JAPAN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY APPLICATION, 2018-2032 (USD THOUSAND)

TABLE 83 JAPAN BULK POWER TRANSMISSION IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TYPE, 2018-2032 (USD THOUSAND)

TABLE 84 JAPAN INTERCONNECTING GRIDS IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TYPE, 2018-2032 (USD THOUSAND)

TABLE 85 JAPAN IN-FEED URBAN AREAS IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TYPE, 2018-2032 (USD THOUSAND)

TABLE 86 JAPAN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY POWER RATING, 2018-2032 (USD THOUSAND)

TABLE 87 JAPAN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY VOLTAGE RATING, 2018-2032 (USD THOUSAND)

TABLE 88 SINGAPORE HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY COMPONENT, 2018-2032 (USD THOUSAND)

TABLE 89 SINGAPORE HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY PROJECT TYPE, 2018-2032 (USD THOUSAND)

TABLE 90 SINGAPORE HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TECHNOLOGY, 2018-2032 (USD THOUSAND)

TABLE 91 SINGAPORE HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY APPLICATION, 2018-2032 (USD THOUSAND)

TABLE 92 SINGAPORE BULK POWER TRANSMISSION IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TYPE, 2018-2032 (USD THOUSAND)

TABLE 93 SINGAPORE INTERCONNECTING GRIDS IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TYPE, 2018-2032 (USD THOUSAND)

TABLE 94 SINGAPORE IN-FEED URBAN AREAS IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TYPE, 2018-2032 (USD THOUSAND)

TABLE 95 SINGAPORE HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY POWER RATING, 2018-2032 (USD THOUSAND)

TABLE 96 SINGAPORE HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY VOLTAGE RATING, 2018-2032 (USD THOUSAND)

TABLE 97 AUSTRALIA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY COMPONENT, 2018-2032 (USD THOUSAND)

TABLE 98 AUSTRALIA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY PROJECT TYPE, 2018-2032 (USD THOUSAND)

TABLE 99 AUSTRALIA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TECHNOLOGY, 2018-2032 (USD THOUSAND)

TABLE 100 AUSTRALIA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY APPLICATION, 2018-2032 (USD THOUSAND)

TABLE 101 AUSTRALIA BULK POWER TRANSMISSION IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TYPE, 2018-2032 (USD THOUSAND)

TABLE 102 AUSTRALIA INTERCONNECTING GRIDS IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TYPE, 2018-2032 (USD THOUSAND)

TABLE 103 AUSTRALIA IN-FEED URBAN AREAS IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TYPE, 2018-2032 (USD THOUSAND)

TABLE 104 AUSTRALIA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY POWER RATING, 2018-2032 (USD THOUSAND)

TABLE 105 AUSTRALIA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY VOLTAGE RATING, 2018-2032 (USD THOUSAND)

TABLE 106 MALAYSIA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY COMPONENT, 2018-2032 (USD THOUSAND)

TABLE 107 MALAYSIA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY PROJECT TYPE, 2018-2032 (USD THOUSAND)

TABLE 108 MALAYSIA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TECHNOLOGY, 2018-2032 (USD THOUSAND)

TABLE 109 MALAYSIA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY APPLICATION, 2018-2032 (USD THOUSAND)

TABLE 110 MALAYSIA BULK POWER TRANSMISSION IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TYPE, 2018-2032 (USD THOUSAND)

TABLE 111 MALAYSIA INTERCONNECTING GRIDS IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TYPE, 2018-2032 (USD THOUSAND)

TABLE 112 MALAYSIA IN-FEED URBAN AREAS IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TYPE, 2018-2032 (USD THOUSAND)

TABLE 113 MALAYSIA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY POWER RATING, 2018-2032 (USD THOUSAND)

TABLE 114 MALAYSIA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY VOLTAGE RATING, 2018-2032 (USD THOUSAND)

TABLE 115 THAILAND HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY COMPONENT, 2018-2032 (USD THOUSAND)

TABLE 116 THAILAND HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY PROJECT TYPE, 2018-2032 (USD THOUSAND)

TABLE 117 THAILAND HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TECHNOLOGY, 2018-2032 (USD THOUSAND)

TABLE 118 THAILAND HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY APPLICATION, 2018-2032 (USD THOUSAND)

TABLE 119 THAILAND BULK POWER TRANSMISSION IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TYPE, 2018-2032 (USD THOUSAND)

TABLE 120 THAILAND INTERCONNECTING GRIDS IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TYPE, 2018-2032 (USD THOUSAND)

TABLE 121 THAILAND IN-FEED URBAN AREAS IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TYPE, 2018-2032 (USD THOUSAND)

TABLE 122 THAILAND HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY POWER RATING, 2018-2032 (USD THOUSAND)

TABLE 123 THAILAND HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY VOLTAGE RATING, 2018-2032 (USD THOUSAND)

TABLE 124 INDONESIA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY COMPONENT, 2018-2032 (USD THOUSAND)

TABLE 125 INDONESIA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY PROJECT TYPE, 2018-2032 (USD THOUSAND)

TABLE 126 INDONESIA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TECHNOLOGY, 2018-2032 (USD THOUSAND)

TABLE 127 INDONESIA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY APPLICATION, 2018-2032 (USD THOUSAND)

TABLE 128 INDONESIA BULK POWER TRANSMISSION IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TYPE, 2018-2032 (USD THOUSAND)

TABLE 129 INDONESIA INTERCONNECTING GRIDS IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TYPE, 2018-2032 (USD THOUSAND)

TABLE 130 INDONESIA IN-FEED URBAN AREAS IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TYPE, 2018-2032 (USD THOUSAND)

TABLE 131 INDONESIA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY POWER RATING, 2018-2032 (USD THOUSAND)

TABLE 132 INDONESIA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY VOLTAGE RATING, 2018-2032 (USD THOUSAND)

TABLE 133 PHILIPPINES HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY COMPONENT, 2018-2032 (USD THOUSAND)

TABLE 134 PHILIPPINES HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY PROJECT TYPE, 2018-2032 (USD THOUSAND)

TABLE 135 PHILIPPINES HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TECHNOLOGY, 2018-2032 (USD THOUSAND)

TABLE 136 PHILIPPINES HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY APPLICATION, 2018-2032 (USD THOUSAND)

TABLE 137 PHILIPPINES BULK POWER TRANSMISSION IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TYPE, 2018-2032 (USD THOUSAND)

TABLE 138 PHILIPPINES INTERCONNECTING GRIDS IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TYPE, 2018-2032 (USD THOUSAND)

TABLE 139 PHILIPPINES IN-FEED URBAN AREAS IN HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TYPE, 2018-2032 (USD THOUSAND)

TABLE 140 PHILIPPINES HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY POWER RATING, 2018-2032 (USD THOUSAND)

TABLE 141 PHILIPPINES HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY VOLTAGE RATING, 2018-2032 (USD THOUSAND)

TABLE 142 REST OF ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY COMPONENT, 2018-2032 (USD THOUSAND)

List of Figure

FIGURE 1 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET

FIGURE 2 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET: DATA TRIANGULATION

FIGURE 3 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET: DROC ANALYSIS

FIGURE 4 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET: ASIA-PACIFIC VS REGIONAL MARKET ANALYSIS

FIGURE 5 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET: COMPANY RESEARCH ANALYSIS

FIGURE 6 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET: MULTIVARIATE MODELLING

FIGURE 7 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET: INTERVIEW DEMOGRAPHICS

FIGURE 8 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET: DBMR MARKET POSITION GRID

FIGURE 9 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET: VENDOR SHARE ANALYSIS

FIGURE 10 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET: SEGMENTATION

FIGURE 11 EXECUTIVE SUMMARY

FIGURE 12 THREE SEGMENTS COMPRISE THE ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION, BY PROJECT TYPE (2024)

FIGURE 13 STRATEGIC DECISIONS

FIGURE 14 RISING NEED TO TRANSMIT RENEWABLE ENERGY OVER LONG DISTANCES IS EXPECTED TO DRIVE THE ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET IN THE FORECAST PERIOD OF 2025 TO 2032

FIGURE 15 THE CONVERTER STATIONS SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST MARKET SHARE OF THE ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET IN 2025 AND 2032

FIGURE 16 PATENT FAMILIES

FIGURE 17 PATENT FAMILIES

FIGURE 18 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET VALUE CHAIN ANALYSIS

FIGURE 19 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET SUPPLY CHAIN ANALYSIS

FIGURE 20 DRIVERS, RESTRAINTS, OPPORTUNITIES AND CHALLENGES OF ASIA-PACIFIC HVDC TRANSMISSION MARKET

FIGURE 21 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET: BY COMPONENT, 2024

FIGURE 22 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET: BY PROJECT TYPE, 2024

FIGURE 23 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET: BY TECHNOLOGY, 2024

FIGURE 24 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET: BY APPLICATION, 2024

FIGURE 25 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET: BY POWER RATING, 2024

FIGURE 26 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET: BY VOLTAGE RATING, 2024

FIGURE 27 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET: SNAPSHOT (2025)

FIGURE 28 ASIA-PACIFIC HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET: COMPANY SHARE 2024 (%)