Market Overview:
The global HVDC (high voltage direct current) system market is expected to grow at a CAGR of 10.5% from 2018 to 2030. The market growth is attributed to the increasing demand for electric power transmission and special purpose applications, and the growing need for reliable and efficient power transmission systems. The two-terminal HVDC system segment is expected to dominate the global HVDC system market in terms of revenue during the forecast period. This segment accounted for more than 60% of the total market share in 2017 and is projected to grow at a CAGR of 11%. The multi-terminal HVDC system (MTDC) segment is projected to grow at a higher CAGR of 12%, owing to its ability to transmit large amounts of power over long distances with low losses. In terms of application, electric power transmission accounted for more than 85% share of the total global HVDC system market in 2017. This application segment is expected witness significant growth during the forecast period, owingtothe increasing demand for electricity across all regions worldwide.
 System Industry Outlook.svg)
Product Definition:
HVDC (High Voltage Direct Current) systems are used to transmit large amounts of power over long distances with low losses. The importance of HVDC is its ability to transfer large amounts of power without the losses that are common in AC transmission lines.
Two-terminal HVDC System:
The two-terminal HVDC system is a special type of HVDC system, which has only two terminals. The other terminal does not have an electrical connection to the load side. This type of configuration allows for more flexibility in the design and operation of the power supply unit as compared to a three- or four-terminal HVDC system.
Global Two-terminal HVDC System, it's usage.
Multi-terminal HVDC System (MTDC):
Multi-terminal HVDC system (MTDC) is a type of high voltage DC (HVDC) system which consists of more than two terminals for the conversion from AC to DC and back. The multi-terminal HVDC systems are widely used in power transmission and distribution, industrial processes, renewable energy sources etc.
The multi terminal HVdc system market size was valued at USD 1.6 billion in 2015.
Application Insights:
Electric power transmission segment dominated the global HVDC system market in 2017. The application segment is sub-divided into six parts including long distance transmission, special purpose applications, interconnection of power grids and islands, industrial applications and others. Electric power transmission was the largest revenue generating application for HVDC systems in 2017. This can be attributed to its ability to span long distances with minimal loss and increased efficiency over land lines.
The growing need for renewable sources of energy has led to an increase in investments by various governments across different countries towards this end goal; this investment is expected to boost demand over the forecast period as well as lead towards a rise in installation of new equipment within both existing.
Regional Analysis:
Asia Pacific region accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The regional growth can be attributed to increasing investments in China, India, South Korea, Taiwan and Japan. For instance, China has implemented a national plan on HVDC development with an investment of USD X billion between 2014 and 2018. Similarly, India has planned a similar investment program worth USD X billion by 2019 under the National Mission on Electric Vehicles (NMV).
Europe was another significant market for global HVDC system demand owing to large-scale projects such as High Voltage Direct Current Transmission System Europe (HVolt) project that will connect Germany with Denmark via underground cable along with Sweden via underwater cable thereby reducing power losses at each stage of transmission process.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Rapid deployment of renewable energy sources, such as solar and wind, which are best suited for HVDC systems
- Need for grid stability and security, especially with the increasing share of renewables in the grid mix
- Rising costs of traditional transmission technologies such as AC (Alternating Current) lines and substations
- Government policies that promote investment in HVDC systems
Scope Of The Report
Report Attributes
Report Details
Report Title
HVDC (High Voltage Direct Current) System Market Research Report
By Type
Two-terminal HVDC System, Multi-terminal HVDC System (MTDC)
By Application
Electric Power Transmission, Special Purpose Applications
By Companies
ABB, Siemens, GE Grid Solutions, Toshiba, Sumitomo Electric Industries
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
165
Number of Tables & Figures
116
Customization Available
Yes, the report can be customized as per your need.
Global HVDC (High Voltage Direct Current) System Market Report Segments:
The global HVDC (High Voltage Direct Current) System market is segmented on the basis of:
Types
Two-terminal HVDC System, Multi-terminal HVDC System (MTDC)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Electric Power Transmission, Special Purpose Applications
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Siemens
- GE Grid Solutions
- Toshiba
- Sumitomo Electric Industries
 System Market Overview.svg)
Highlights of The HVDC (High Voltage Direct Current) System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Two-terminal HVDC System
- Multi-terminal HVDC System (MTDC)
- By Application:
- Electric Power Transmission
- Special Purpose Applications
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the HVDC (High Voltage Direct Current) System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 System Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A high voltage direct current (HVDC) system is a type of electric power transmission system that uses two or more alternating current (AC) voltages to carry electricity over long distances. The high voltage AC voltages are generated by an HVDC converter, which is a special type of transformer.
Some of the major players in the hvdc (high voltage direct current) system market are ABB, Siemens, GE Grid Solutions, Toshiba, Sumitomo Electric Industries.
The hvdc (high voltage direct current) system market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 HVDC (High Voltage Direct Current) System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 HVDC (High Voltage Direct Current) System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 HVDC (High Voltage Direct Current) System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the HVDC (High Voltage Direct Current) System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global HVDC (High Voltage Direct Current) System Market Size & Forecast, 2020-2028
4.5.1 HVDC (High Voltage Direct Current) System Market Size and Y-o-Y Growth
4.5.2 HVDC (High Voltage Direct Current) System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Two-terminal HVDC System
5.2.2 Multi-terminal HVDC System (MTDC)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Electric Power Transmission
6.2.2 Special Purpose Applications
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global HVDC (High Voltage Direct Current) System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 HVDC (High Voltage Direct Current) System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Two-terminal HVDC System
9.6.2 Multi-terminal HVDC System (MTDC)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Electric Power Transmission
9.10.2 Special Purpose Applications
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Two-terminal HVDC System
10.6.2 Multi-terminal HVDC System (MTDC)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Electric Power Transmission
10.10.2 Special Purpose Applications
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Two-terminal HVDC System
11.6.2 Multi-terminal HVDC System (MTDC)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Electric Power Transmission
11.10.2 Special Purpose Applications
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Two-terminal HVDC System
12.6.2 Multi-terminal HVDC System (MTDC)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Electric Power Transmission
12.10.2 Special Purpose Applications
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Two-terminal HVDC System
13.6.2 Multi-terminal HVDC System (MTDC)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Electric Power Transmission
13.10.2 Special Purpose Applications
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 HVDC (High Voltage Direct Current) System Market: Competitive Dashboard
14.2 Global HVDC (High Voltage Direct Current) System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Siemens
14.3.3 GE Grid Solutions
14.3.4 Toshiba
14.3.5 Sumitomo Electric Industries
