DBMR - Semiconductors and Electronics

Global HVDC Transmission Market - Industry Trends and Forecast to 2026

  • Semiconductors and Electronics
  • Upcoming Report
  • Oct 2019
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global HVDC Transmission Market By Component (Converter Stations, Transmission Cables, Electrodes, Control & Protection, Reactive Power Supplies), Project Type (Point-To-Point Transmission, Back-To-Back Stations, Multi-terminal Systems), Technology (Capacitor Commutated Converter, Voltage Source Converter, Line Commutated Converter), Application (Bulk Power Transmission, Interconnecting Grids, Infeed Urban Areas), Power Rating (Below 500 MW, 501-1000 MW, 1001-1500 MW, 1501-2000 MW, Above 2001 MW), Voltage Rating (Less Than 350 kV, 350-640 kV, 640-800 kV, More Than 800 kV), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Industry Trends and Forecast to 2026

Market Analysis: Global HVDC Transmission Market

Global HVDC transmission market is set to witness a substantial CAGR of 7.50% in the forecast period of 2019 to 2026. The report contains data of the base year 2018 and historic year 2017. The rise in the market can be attributed due to the surge in population globally which in turn increase the demand for electricity consumption. With the rise in the need for cable based transmission instead of overhead transmission lines are driving the growth of the market.

Market Definition: Global HVDC Transmission Market

High Voltage Direct Current Transmission (HDVC) is the bulk transmission of electric power over long distances.  The systems are connected through the power grids in the particular area which also eliminates the issues related to loss of electricity. HDVC is less expensive and is the most efficient solution for transmitting the electrical power generated from solar and wind farms over the long distances. It uses the voltages between 100kV–800kV and maintains the economy of each grid.

Market Drivers:

  • Efficient solution for long distance electricity transmission is driving the market for HVDC
  • There is a surge in the demand for voltage sourced converter
  • There is substantial shift towards the renewable energy sources globally which is driving the market growth
  • There are various government initiatives and policies that are driving the market for HVDC
  • There is an increase in the demand for cable based transmission which is fueling growth of the market

Market Restraints:

  • The short circuits in AC power system can result in power faults which hinders the market growth
  • The various complexities associated with multi-terminal systems are hampering the market growth

Segmentation: Global HVDC Transmission Market

By Component

  • Converter Stations

    • Valves
    • Thyristor Valves

      • Insulated Gate Bipolar Transistors

    • Transformers
    • Harmonic Filters

      • AC Filters
      • DC Filters

    • Circuit Breakers
    • Reactors
    • Surge Arresters

  • Transmission Cables
  • Electrodes
  • Control and Protection
  • Reactive Power Supplies

By Project Type

  • Point-To-Point Transmission

    • Monopolar
    • Bipolar

  • Back-To-Back Stations
  • Multi-Terminal Systems

By Technology

  • Capacitor Commutated Converter
  • Voltage Source Converter

    • HVDC
    • UHVDC

  • Line Commutated Converter

    • HVDC
    • UHVDC

By Application

  • Bulk Power Transmission

    • Overhead
    • Submarine and Underground

  • Interconnecting Grids
  • Infeed Urban Areas

By Power Rating

  • Below 500 MW
  • 501–1000 MW
  • 1001-1500 MW
  • 1501-2000 MW
  • Above 2001 MW

By Voltage Rating

  • Less Than 350 kV
  • 350-640 kV
  • 640-800 kV
  • More Than 800 kV

By Geography

  • North America

    • U.S.
    • Canada
    • Mexico

  • South America

    • Brazil
    • Argentina
    • Rest of South America

  • Europe

    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Turkey
    • Belgium
    • Netherlands
    • Rest of Europe

  • Asia-Pacific

    • Japan
    • China
    • South Korea
    • India
    • Australia
    • Singapore
    • Malaysia
    • Indonesia
    • Thailand
    • Philippines
    • Rest of Asia-Pacific

  • Middle East and Africa

    • South Africa
    • Egypt
    • Saudi Arabia
    • United Arab Emirates
    • Israel
    • Rest of Middle East and Africa

Key Developments in the Market:

  • In March 2018, ABB had announced that they have launched the world’s first integrated power transformer which will be enhancing the reliability and efficiency. The transformer will be equipped with digital hubs that allow access to plug-and-play capabilities of smart devices. The launch had enhanced the product life by taking preventing an action for any outages
  • In January 2018, Siemens completed the manufacturing of the world’s first 1100 kV transformer and its efficiency was well above 99% of its rated power. The transformer will enable HVDC transmission up to a distance of 3284km with very minimal electricity losses. The launch had enabled the company in achieving a new dimension in high-voltage direct-current transmission.

Competitive Analysis

Global HVDC transmission market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of customer of HVDC transmission market for global, Europe, North America, Asia Pacific and South America, Middle East and Africa

Major Market Competitors/Players

Few of the major competitors currently working in the global HVDC transmission market are ABB, Siemens, General Electric, TOSHIBA CORPORATION, Mitsubishi Electric Corporation, NEXANS, NKT A/S, Hitachi Ltd., Sumitomo Electric Industries Ltd., Schneider Electric, Prysmian Group, American Superconductor, LSIS Co. Ltd., C-EPRI Electric Power Engineering Co. Ltd., TransGrid Solutions, ATCO LTD., Doble Engineering Company, HVDC Technologies Ltd., Eltek, Origin Co. Ltd., Abengoa, TDK Electronics AG and AECOM among others

Research Methodology: Global HVDC Transmission Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key Market players involved in this industry
  • Detailed analysis of the Market Segmentation
  • Competitive analysis of the key players involved


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