HVDC Transmission Market by Component (Converter Stations, Transmission Cables), Technology (CCC, VSC, LCC, HVDC, UHVDC), Project Type (point-to-point, back-to-back, multi-terminal), Application, Region - Global Forecast to 2028
The HVDC transmission market is projected to reach USD 14.9 billion by 2028 from USD 11.4 billion in 2023, at a CAGR of 5.4% during the 2023–2028 period. The increasing number of VSC-based HVDC projects, the growing number of renewable energy projects globally, surging demand for reliable power supplies, and supportive government initiatives for power transmission are the major factors driving the market growth globally. Furthermore, an increasing number of technological advancements related to HVDC transmission and the growing need for integration of power grids are expected to provide ample growth opportunities for market players.
“Infeed urban areas application to register the highest CAGR in the HVDC transmission market during the forecast period.”
HVDC transmission is highly suitable for transmitting electricity into densely populated urban areas where overhead transmission lines could cause significant obstructions. Despite being more expensive, underground transmission lines are extensively preferred in urban areas where it is difficult to have overhead transmission cables. Furthermore, in recent areas, underground cables have been used in various urban infrastructure development projects for aesthetic appeal. The growing number of urban development projects globally is expected to provide growth opportunities for market players in the HVDC transmission market.
“Multi-terminal systems to register the highest CAGR during the forecast period.”
Multi-terminal systems are extensively used for connecting non-synchronous power systems and provide superior flexibility in electricity exchange between 2 or 3 converter stations. Multi-terminal systems are cost-effective and are highly suitable for transmitting power over longer distances. VSC-based technology is extensively used in multi-terminal HVDC systems as it consists of 2-level or multilevel converters that enable power reversal. The increasing need for integration of power grids is a major factor driving the market growth for multi-terminal systems.
“Europe is expected to account for the second-largest market share during the forecast period.”
Significantly growing use of renewable energy and the subsequent increase in renewable energy projects in the region are the major factors driving the market growth in Europe. Furthermore, the growing number of HVDC projects being commissioned in countries such as the UK is expected to provide growth opportunities for market players. Moreover, the presence of established market players such as Siemens Energy (Germany) and Prysmian Group (Italy) is also expected to propel the market growth in the region.
The break-up of the profile of primary participants in the HVDC transmission market-
Research Coverage
The report segments the HVDC transmission market and forecasts its size based on component, project type, technology, application, and region. The report also provides a comprehensive review of drivers, restraints, opportunities, and challenges influencing market growth. The report also covers qualitative aspects in addition to the quantitative aspects of the market.
Reasons to buy the report:
The report will help the market leaders/new entrants in this market with information on the closest approximate revenues for the overall HVDC transmission market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
“Infeed urban areas application to register the highest CAGR in the HVDC transmission market during the forecast period.”
HVDC transmission is highly suitable for transmitting electricity into densely populated urban areas where overhead transmission lines could cause significant obstructions. Despite being more expensive, underground transmission lines are extensively preferred in urban areas where it is difficult to have overhead transmission cables. Furthermore, in recent areas, underground cables have been used in various urban infrastructure development projects for aesthetic appeal. The growing number of urban development projects globally is expected to provide growth opportunities for market players in the HVDC transmission market.
“Multi-terminal systems to register the highest CAGR during the forecast period.”
Multi-terminal systems are extensively used for connecting non-synchronous power systems and provide superior flexibility in electricity exchange between 2 or 3 converter stations. Multi-terminal systems are cost-effective and are highly suitable for transmitting power over longer distances. VSC-based technology is extensively used in multi-terminal HVDC systems as it consists of 2-level or multilevel converters that enable power reversal. The increasing need for integration of power grids is a major factor driving the market growth for multi-terminal systems.
“Europe is expected to account for the second-largest market share during the forecast period.”
Significantly growing use of renewable energy and the subsequent increase in renewable energy projects in the region are the major factors driving the market growth in Europe. Furthermore, the growing number of HVDC projects being commissioned in countries such as the UK is expected to provide growth opportunities for market players. Moreover, the presence of established market players such as Siemens Energy (Germany) and Prysmian Group (Italy) is also expected to propel the market growth in the region.
The break-up of the profile of primary participants in the HVDC transmission market-
- By Company Type: Tier 1 – 30%, Tier 2 – 50%, Tier 3 – 20%
- By Designation Type: C Level – 25%, Director Level – 35%, Others – 40%
- By Region Type: Americas – 35%, Europe – 30%, Asia Pacific – 25%, Rest of the World (RoW) – 10%
Research Coverage
The report segments the HVDC transmission market and forecasts its size based on component, project type, technology, application, and region. The report also provides a comprehensive review of drivers, restraints, opportunities, and challenges influencing market growth. The report also covers qualitative aspects in addition to the quantitative aspects of the market.
Reasons to buy the report:
The report will help the market leaders/new entrants in this market with information on the closest approximate revenues for the overall HVDC transmission market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
- Analysis of key drivers (Growing demand for VSC technology, shift towards renewable energy, increasing demand for renewable power supplies, supportive government policies and initiatives for HVDC transmission), restraints (high initial investment, reduced demand due to distributed and off-grid power generation, high cost of circuit breakers), opportunities (technological advancements, electrification of transportation, growing need for integrated networks), and challenges (lack of standardization and interoperability, and stringent regulatory environment) influencing the growth of the HVDC transmission market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and deals in the HVDC transmission market.
- Market Development: Comprehensive information about lucrative markets – the report analyses the HVDC transmission market across varied regions.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the HVDC transmission market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players such as Hitachi (Japan), Siemens Energy (Germany), Mitsubishi Electric Corporation (Japan), General Electric (US), and Prysmian Group (Italy).
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS, BY COMPANY
1.2.2 INCLUSIONS AND EXCLUSIONS, BY COMPONENT
1.2.3 INCLUSIONS AND EXCLUSIONS, BY PROJECT TYPE
1.2.4 INCLUSIONS AND EXCLUSIONS, BY TECHNOLOGY
1.2.5 INCLUSIONS AND EXCLUSIONS, BY APPLICATION LEVEL
1.2.6 INCLUSIONS AND EXCLUSIONS, BY REGION
1.3 STUDY SCOPE
FIGURE 1 HVDC TRANSMISSION MARKET SEGMENTATION
1.4 CURRENCY CONSIDERED
1.5 UNITS CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
1.9 IMPACT OF RECESSION
2 RESEARCH METHODOLOGY
2.1 RESEARCH APPROACH
FIGURE 2 HVDC TRANSMISSION MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Major secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary interviews with experts
2.1.2.2 List of key primary interview participants
2.1.2.3 Breakdown of primaries
2.1.2.4 Key data from primary sources
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.1.3.1 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to capture market share by bottom-up analysis
FIGURE 3 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to capture market share by top-down analysis
FIGURE 4 TOP-DOWN APPROACH
2.3 FACTOR ANALYSIS
2.3.1 DEMAND-SIDE ANALYSIS
FIGURE 5 MARKET SIZE ESTIMATION: DEMAND-SIDE ANALYSIS
2.3.2 SUPPLY-SIDE ANALYSIS
FIGURE 6 MARKET SIZE ESTIMATION: SUPPLY-SIDE ANALYSIS
2.3.3 GROWTH FORECAST ASSUMPTIONS
TABLE 1 MARKET GROWTH ASSUMPTIONS
2.4 APPROACH TO UNDERSTAND RECESSION IMPACT ON HVDC TRANSMISSION MARKET
2.5 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION
2.6 RESEARCH ASSUMPTIONS
2.7 RISK ASSESSMENT
TABLE 2 HVDC TRANSMISSION MARKET: RISK ASSESSMENT
3 EXECUTIVE SUMMARY
FIGURE 8 HVDC TRANSMISSION MARKET, 2019–2028
FIGURE 9 CONVERTER STATIONS SEGMENT TO DOMINATE HVDC TRANSMISSION MARKET DURING FORECAST PERIOD
FIGURE 10 POINT-TO-POINT SEGMENT TO CAPTURE LARGEST MARKET SHARE DURING FORECAST PERIOD
FIGURE 11 LCC-BASED SEGMENT TO ACCOUNT FOR LARGEST SHARE OF HVDC TRANSMISSION MARKET DURING FORECAST PERIOD
FIGURE 12 BULK POWER TRANSMISSION SEGMENT TO COMMAND LARGEST SHARE OF HVDC TRANSMISSION MARKET DURING FORECAST PERIOD
FIGURE 13 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HVDC TRANSMISSION MARKET
FIGURE 14 INCREASING DEMAND FOR VOLTAGE SOURCE CONVERTER (VSC)-BASED TRANSMISSION TO DRIVE MARKET
4.2 HVDC TRANSMISSION MARKET, BY COMPONENT
FIGURE 15 CONVERTER STATIONS SEGMENT TO DOMINATE HVDC TRANSMISSION MARKET DURING FORECAST PERIOD
4.3 HVDC TRANSMISSION MARKET, BY TECHNOLOGY
FIGURE 16 LCC-BASED SEGMENT TO CAPTURE LARGEST SHARE OF HVDC TRANSMISSION MARKET IN 2028
4.4 HVDC TRANSMISSION MARKET, BY PROJECT TYPE
FIGURE 17 POINT-TO-POINT SEGMENT TO CAPTURE LARGEST SHARE OF HVDC TRANSMISSION MARKET IN 2023
4.5 HVDC TRANSMISSION MARKET, BY APPLICATION
FIGURE 18 BULK POWER TRANSMISSION TO LEAD HVDC TRANSMISSION MARKET FROM 2023 TO 2028
4.6 AMERICAS: HVDC TRANSMISSION MARKET, BY PROJECT TYPE AND COUNTRY, 2022
FIGURE 19 POINT-TO-POINT AND US HELD LARGEST SHARES OF HVDC TRANSMISSION MARKET IN AMERICAS IN 2022
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 20 HVDC TRANSMISSION MARKET: MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Integration of VSC technology into HVDC systems
5.2.1.2 Rapid transition toward renewable energy
5.2.1.3 Strong focus of governments and utilities on grid modernization to improve power reliability
FIGURE 21 ELECTRICITY CONSUMPTION, BY REGION, 2020–2023 (TERAWATT-HOUR)
5.2.1.4 Government-led policies and initiatives promoting HVDC transmission technology
FIGURE 22 IMPACT ANALYSIS OF DRIVERS ON HVDC TRANSMISSION MARKET
5.2.2 RESTRAINTS
5.2.2.1 High initial investment requirements
5.2.2.2 Availability of substitute technologies such as distributed and off-grid power generation systems
5.2.2.3 Additional costs associated with circuit breakers
FIGURE 23 IMPACT ANALYSIS OF RESTRAINTS ON HVDC TRANSMISSION MARKET
5.2.3 OPPORTUNITIES
5.2.3.1 Constant advances in power electronics and adoption of digital and automation technologies
5.2.3.2 Electrification of transportation sector
5.2.3.3 Growing demand for integrated networks across long distances
FIGURE 24 IMPACT ANALYSIS OF OPPORTUNITIES ON HVDC TRANSMISSION MARKET
5.2.4 CHALLENGES
5.2.4.1 Interoperability issues due to lack of standardization
5.2.4.2 Stringent regulatory landscape and complexities associated with obtaining permits for HVDC projects
FIGURE 25 IMPACT ANALYSIS OF CHALLENGES ON HVDC TRANSMISSION MARKET
5.3 VALUE CHAIN ANALYSIS
FIGURE 26 HVDC TRANSMISSION MARKET: VALUE CHAIN ANALYSIS
TABLE 3 HVDC TRANSMISSION MARKET: ROLE OF KEY PLAYERS IN ECOSYSTEM
5.4 ECOSYSTEM MAPPING
FIGURE 27 HVDC TRANSMISSION MARKET: ECOSYSTEM
5.5 KEY TECHNOLOGY TRENDS
5.5.1 RELATED TECHNOLOGIES
5.5.1.1 Flexible AC transmission system (FACTS)
5.5.1.2 Modular multilevel converters (MMCs)
5.5.2 UPCOMING TECHNOLOGIES
5.5.2.1 Grid-forming inverters
5.5.2.2 Ultra-high voltage AC (UHVAC)
5.5.3 ADJACENT TECHNOLOGIES
5.5.3.1 Energy storage systems
5.5.3.2 Renewable energy integration
5.6 PRICING ANALYSIS
5.6.1 INDICATIVE PRICING ANALYSIS OF HVDC TRANSMISSION COMPONENTS
TABLE 4 INDICATIVE PRICING LEVELS OF HVDC TRANSMISSION SOLUTIONS
5.7 PATENT ANALYSIS
TABLE 5 PATENTS FILED DURING 2012–2022
FIGURE 28 NUMBER OF PATENTS GRANTED FOR HVDC TRANSMISSION
FIGURE 29 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS DURING 2012–2022
TABLE 6 TOP 20 PATENT OWNERS DURING 2012–2022
TABLE 7 KEY PATENTS RELATED TO HVDC TRANSMISSION
5.8 PORTER’S FIVE FORCES ANALYSIS
FIGURE 30 HVDC TRANSMISSION MARKET: PORTER’S FIVE FORCES ANALYSIS, 2022
FIGURE 31 IMPACT OF PORTER’S FIVE FORCES ON HVDC TRANSMISSION MARKET, 2022
TABLE 8 HVDC TRANSMISSION MARKET: PORTER’S FIVE FORCES ANALYSIS (2022)
5.8.1 THREAT OF NEW ENTRANTS
5.8.2 THREAT OF SUBSTITUTES
5.8.3 BARGAINING POWER OF SUPPLIERS
5.8.4 BARGAINING POWER OF BUYERS
5.8.5 INTENSITY OF COMPETITIVE RIVALRY
5.9 KEY STAKEHOLDERS AND BUYING CRITERIA
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 32 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR HVDC TRANSMISSION
TABLE 9 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR HVDC TRANSMISSION MARKET (%)
5.9.2 BUYING CRITERIA
FIGURE 33 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS OF HVDC TRANSMISSION
TABLE 10 KEY BUYING CRITERIA FOR HVDC TRANSMISSION, BY APPLICATION
5.10 CASE STUDIES
TABLE 11 HVDC SOLUTION POWERS RENEWABLE ENERGY INTEGRATION FROM GERMAN NORTH SEA WIND FARMS
TABLE 12 SIEMENS HELPED ALTA LINK TRANSITION TO WIND-BASED ENERGY WITH ADVANCED TECHNOLOGY AND EXPERTISE
TABLE 13 HVDC SOLUTIONS EMPOWERED SCOTLAND'S RENEWABLE ENERGY TRANSITION
TABLE 14 NKT A/S OFFERED POWER TRANSMISSION SOLUTIONS TO ENSURE RELIABLE ENERGY EXCHANGE BETWEEN DENMARK AND SWEDEN
TABLE 15 MITSUBISHI ELECTRIC CORPORATION HELPED SWANSEA NORTH SUBSTATION UPGRADE TO HIGHER VOLTAGE SYSTEM
5.11 TRADE DATA
TABLE 16 EXPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 8504, 2018–2022 (USD MILLION)
FIGURE 34 EXPORT VALUES FOR PRODUCTS COVERED UNDER HS CODE 8504, 2018–2022
TABLE 17 IMPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 8504, 2018–2022 (USD MILLION)
FIGURE 35 IMPORT VALUES FOR PRODUCTS COVERED UNDER HS CODE 8504, 2018–2022
5.12 TARIFFS AND REGULATORY LANDSCAPE
5.12.1 TARIFFS
TABLE 18 MFN TARIFFS FOR HS CODE 8504-COMPLIANT PRODUCTS EXPORTED BY GERMANY
5.12.2 STANDARDS
5.12.2.1 Europe
5.12.2.2 Asia Pacific
5.12.2.3 North America
5.12.3 REGULATIONS
5.12.3.1 North America
5.12.3.2 Europe
5.12.3.3 Asia Pacific
5.13 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 36 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PLAYERS IN HVDC TRANSMISSION MARKET
5.14 KEY CONFERENCES AND EVENTS, 2022–2023
TABLE 19 HVDC TRANSMISSION MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
6 HVDC TRANSMISSION MARKET, BY POWER RATING
6.1 INTRODUCTION
6.2 BELOW 500 MW
6.3 501–999 MW
6.4 1,000–2,000 MW
6.5 ABOVE 2,000 MW
7 HVDC TRANSMISSION MARKET, BY COMPONENT
7.1 INTRODUCTION
TABLE 20 HVDC TRANSMISSION MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
FIGURE 37 CONVERTER STATIONS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
TABLE 21 HVDC TRANSMISSION MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
7.2 CONVERTER STATIONS
TABLE 22 CONVERTER STATIONS: HVDC TRANSMISSION MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
FIGURE 38 CIRCUIT BREAKERS TO DOMINATE CONVERTER STATIONS MARKET DURING FORECAST PERIOD
TABLE 23 CONVERTER STATIONS: HVDC TRANSMISSION MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
7.2.1 VALVES
TABLE 24 VALVES: HVDC TRANSMISSION MARKET, BY TYPE, 2019–2022 (USD MILLION)
FIGURE 39 THYRISTORS SEGMENT TO COMMAND LARGER SHARE OF VALVES MARKET DURING FORECAST PERIOD
TABLE 25 VALVES: HVDC TRANSMISSION MARKET, BY TYPE, 2023–2028 (USD MILLION)
7.2.1.1 Thyristor valves
7.2.1.1.1 Increasing adoption of thyristor valves in modern HVDC projects to drive market
7.2.1.2 Insulated gate bipolar transistors (IGBTs)
7.2.1.2.1 Rising demand for IGBT-based converter stations in long-distance power transmission to boost market growth
7.2.2 TRANSFORMERS
7.2.2.1 Ability to optimize voltage conversion to induce demand for transformers
7.2.3 HARMONIC FILTERS
7.2.3.1 AC filter
7.2.3.1.1 Increasing adoption of AC filters in electrical systems to mitigate harmonic distortion to drive segmental growth
7.2.3.2 DC filter
7.2.3.2.1 Increasing emphasis on ensuring high-quality power transmission to fuel adoption of DC filters
7.2.4 CIRCUIT BREAKERS
7.2.4.1 Rising demand for safety and reliability in electrical systems to accelerate adoption of circuit breakers
7.2.5 REACTORS
7.2.5.1 Need to optimize power flow and voltage stability within systems to drive adoption of reactors
7.2.6 SURGE ARRESTERS
7.2.6.1 Increasing adoption of surge arresters to protect HVDC equipment from voltage surges to drive market
7.3 TRANSMISSION CABLES
7.3.1 RISING DEMAND FOR LONG-DISTANCE POWER TRANSFER TO ACCELERATE ADOPTION OF TRANSMISSION CABLES
7.4 OTHERS
8 HVDC TRANSMISSION MARKET, BY PROJECT TYPE
8.1 INTRODUCTION
FIGURE 40 POINT-TO-POINT SEGMENT TO CAPTURE LARGEST SHARE OF HVDC TRANSMISSION MARKET DURING FORECAST PERIOD
TABLE 26 HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2019–2022 (USD MILLION)
TABLE 27 HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2023–2028 (USD MILLION)
8.2 POINT-TO-POINT TRANSMISSION
8.2.1 INCREASING LONG-DISTANCE ELECTRICITY TRANSFER TO FUEL DEPLOYMENT OF POINT-TO-POINT TRANSMISSION SYSTEMS
TABLE 28 POINT-TO-POINT: HVDC TRANSMISSION MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 29 POINT-TO-POINT: HVDC TRANSMISSION MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
TABLE 30 POINT-TO-POINT: HVDC TRANSMISSION MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
FIGURE 41 BULK POWER TRANSMISSION SEGMENT TO DOMINATE POINT-TO-POINT HVDC TRANSMISSION MARKET DURING FORECAST PERIOD
TABLE 31 POINT-TO-POINT: HVDC TRANSMISSION MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 32 BULK POWER TRANSMISSION: HVDC TRANSMISSION MARKET FOR POINT-TO-POINT, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 33 BULK POWER TRANSMISSION: HVDC TRANSMISSION MARKET FOR POINT-TO-POINT, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 34 POINT-TO-POINT: HVDC TRANSMISSION MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 35 POINT-TO-POINT: HVDC TRANSMISSION MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 36 POINT-TO-POINT: HVDC TRANSMISSION MARKET, BY CONFIGURATION, 2019–2022 (USD MILLION)
TABLE 37 POINT-TO-POINT: HVDC TRANSMISSION MARKET, BY CONFIGURATION, 2023–2028 (USD MILLION)
8.2.2 MONOPOLAR TRANSMISSION SYSTEMS
8.2.2.1 Economic feasibility of monopolar HVDC transmission systems to drive segmental growth
TABLE 38 POINT-TO-POINT: HVDC TRANSMISSION MARKET FOR MONOPOLAR TRANSMISSION SYSTEMS, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 39 POINT-TO-POINT: HVDC TRANSMISSION MARKET FOR MONOPOLAR TRANSMISSION SYSTEMS, BY TECHNOLOGY, 2023–2028 (USD MILLION)
TABLE 40 POINT-TO-POINT: HVDC TRANSMISSION MARKET FOR MONOPOLAR TRANSMISSION SYSTEMS, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 41 POINT-TO-POINT: HVDC TRANSMISSION MARKET FOR MONOPOLAR TRANSMISSION SYSTEMS, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 42 MONOPOLAR TRANSMISSION SYSTEMS: HVDC TRANSMISSION MARKET FOR BULK POWER TRANSMISSION, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 43 MONOPOLAR TRANSMISSION SYSTEMS: HVDC TRANSMISSION MARKET FOR BULK POWER TRANSMISSION, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 44 POINT-TO-POINT: HVDC TRANSMISSION MARKET FOR MONOPOLAR, BY REGION, 2019–2022 (USD MILLION)
TABLE 45 POINT-TO-POINT: HVDC TRANSMISSION MARKET FOR MONOPOLAR, BY REGION, 2023–2028 (USD MILLION)
8.2.3 BIPOLAR TRANSMISSION SYSTEMS
8.2.3.1 Increasing focus on improving grid flexibility and resilience to boost demand for bipolar transmission systems
TABLE 46 POINT-TO-POINT: HVDC TRANSMISSION MARKET FOR BIPOLAR TRANSMISSION SYSTEMS, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 47 POINT-TO-POINT: HVDC TRANSMISSION MARKET FOR BIPOLAR TRANSMISSION SYSTEMS, BY TECHNOLOGY, 2023–2028 (USD MILLION)
TABLE 48 POINT-TO-POINT: HVDC TRANSMISSION MARKET FOR BIPOLAR TRANSMISSION SYSTEMS, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 49 POINT-TO-POINT: HVDC TRANSMISSION MARKET FOR BIPOLAR TRANSMISSION SYSTEMS, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 50 BIPOLAR TRANSMISSION SYSTEMS: HVDC TRANSMISSION MARKET FOR BULK POWER TRANSMISSION, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 51 BIPOLAR TRANSMISSION SYSTEMS: HVDC TRANSMISSION MARKET FOR BULK POWER TRANSMISSION, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 52 POINT-TO-POINT: HVDC TRANSMISSION MARKET FOR BIPOLAR, BY REGION, 2019–2022 (USD MILLION)
TABLE 53 POINT-TO-POINT: HVDC TRANSMISSION MARKET FOR BIPOLAR, BY REGION, 2023–2028 (USD MILLION)
8.3 BACK-TO-BACK STATIONS
8.3.1 ADOPTION OF BACK-TO-BACK STATIONS TO FACILITATE POWER TRANSMISSION BETWEEN CONVERTERS TO DRIVE SEGMENT
TABLE 54 BACK-TO-BACK: HVDC TRANSMISSION MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 55 BACK-TO-BACK: HVDC TRANSMISSION MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
TABLE 56 BACK-TO-BACK: HVDC TRANSMISSION MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 57 BACK-TO-BACK: HVDC TRANSMISSION MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 58 BACK-TO-BACK: HVDC TRANSMISSION MARKET FOR BULK POWER TRANSMISSION, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 59 BACK-TO-BACK: HVDC TRANSMISSION MARKET FOR BULK POWER TRANSMISSION, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 60 BACK-TO-BACK: HVDC TRANSMISSION MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 61 BACK-TO-BACK: HVDC TRANSMISSION MARKET, BY REGION, 2023–2028 (USD MILLION)
8.4 MULTI-TERMINAL SYSTEMS
8.4.1 INCREASING REQUIREMENT FOR RELIABILITY DURING FORCED OUTAGES TO DRIVE DEMAND FOR MULTI-TERMINAL SYSTEMS
TABLE 62 MULTI-TERMINAL: HVDC TRANSMISSION MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 63 MULTI-TERMINAL: HVDC TRANSMISSION MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
TABLE 64 MULTI-TERMINAL: HVDC TRANSMISSION MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
FIGURE 42 BULK POWER TRANSMISSION SEGMENT TO LEAD MULTI-TERMINAL HVDC TRANSMISSION MARKET DURING FORECAST PERIOD
TABLE 65 MULTI-TERMINAL: HVDC TRANSMISSION MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 66 MULTI-TERMINAL: HVDC TRANSMISSION MARKET FOR BULK POWER TRANSMISSION, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 67 MULTI-TERMINAL: HVDC TRANSMISSION MARKET FOR BULK POWER TRANSMISSION, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 68 MULTI-TERMINAL: HVDC TRANSMISSION MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 69 MULTI-TERMINAL: HVDC TRANSMISSION MARKET, BY REGION, 2023–2028 (USD MILLION)
9 HVDC TRANSMISSION MARKET, BY TECHNOLOGY
9.1 INTRODUCTION
FIGURE 43 LCC-BASED SEGMENT TO ACCOUNT FOR LARGEST SHARE OF HVDC TRANSMISSION MARKET FROM 2023 TO 2028
TABLE 70 HVDC TRANSMISSION MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 71 HVDC TRANSMISSION MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
9.2 LINE COMMUTATED CONVERTER (LCC)
TABLE 72 LCC: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2019–2022 (USD MILLION)
FIGURE 44 POINT-TO-POINT PROJECTS TO DOMINATE LCC HVDC TRANSMISSION MARKET DURING FORECAST PERIOD
TABLE 73 LCC: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2023–2028 (USD MILLION)
TABLE 74 LCC: HVDC TRANSMISSION MARKET FOR POINT-TO-POINT PROJECTS, BY CONFIGURATION, 2019–2022 (USD MILLION)
TABLE 75 LCC: HVDC TRANSMISSION MARKET FOR POINT-TO-POINT PROJECTS, BY CONFIGURATION, 2023–2028 (USD MILLION)
TABLE 76 LCC: HVDC TRANSMISSION MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 77 LCC: HVDC TRANSMISSION MARKET, BY TYPE, 2023–2028 (USD MILLION)
9.2.1 LCC HIGH-VOLTAGE DIRECT CURRENT (HVDC)
9.2.1.1 Increasing demand for electricity to drive adoption of LCC HVDC systems
9.2.2 LCC ULTRA HIGH-VOLTAGE DIRECT CURRENT (UHVDC)
9.2.2.1 Increasing electricity trade between various countries to increase demand for LLC UHVDC systems
9.3 VOLTAGE SOURCE CONVERTER (VSC)
TABLE 78 VSC: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2019–2022 (USD MILLION)
FIGURE 45 MULTI-TERMINAL SEGMENT TO REGISTER HIGHEST CAGR IN VSC HVDC TRANSMISSION MARKET DURING FORECAST PERIOD
TABLE 79 VSC: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2023–2028 (USD MILLION)
TABLE 80 VSC: HVDC TRANSMISSION MARKET FOR POINT-TO-POINT PROJECTS, BY CONFIGURATION, 2019–2022 (USD MILLION)
TABLE 81 VSC: HVDC TRANSMISSION MARKET FOR POINT-TO-POINT PROJECTS, BY CONFIGURATION, 2023–2028 (USD MILLION)
TABLE 82 VSC: HVDC TRANSMISSION MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 83 VSC: HVDC TRANSMISSION MARKET, BY TYPE, 2023–2028 (USD MILLION)
9.3.1 VSC HVDC
9.3.1.1 Technological advancements in VSC HVDC transmission to create growth opportunities for market players
9.3.2 VSC UHVDC
9.3.2.1 Increasing number of VSC UHVDC projects to drive market growth
9.4 CAPACITOR COMMUTATED CONVERTER (CCC)
9.4.1 INCREASING ADOPTION OF CCC TECHNOLOGY FOR BACK-TO-BACK HVDC TRANSMISSION TO DRIVE SEGMENTAL GROWTH
TABLE 84 CCC: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2019–2022 (USD MILLION)
TABLE 85 CCC: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2023–2028 (USD MILLION)
10 HVDC TRANSMISSION MARKET, BY APPLICATION
10.1 INTRODUCTION
FIGURE 46 BULK POWER TRANSMISSION SEGMENT TO AMASS LARGEST SHARE OF HVDC TRANSMISSION MARKET DURING 2023–2028
TABLE 86 HVDC TRANSMISSION MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 87 HVDC TRANSMISSION MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
10.2 BULK POWER TRANSMISSION
TABLE 88 BULK POWER TRANSMISSION: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2019–2022 (USD MILLION)
FIGURE 47 POINT-TO-POINT PROJECT TYPE TO DOMINATE BULK POWER HVDC TRANSMISSION MARKET DURING FORECAST PERIOD
TABLE 89 BULK POWER TRANSMISSION: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2023–2028 (USD MILLION)
TABLE 90 BULK POWER TRANSMISSION: HVDC TRANSMISSION MARKET FOR POINT-TO-POINT PROJECTS, BY CONFIGURATION, 2019–2022 (USD MILLION)
TABLE 91 BULK POWER TRANSMISSION: HVDC TRANSMISSION MARKET FOR POINT-TO-POINT PROJECTS, BY CONFIGURATION, 2023–2028 (USD MILLION)
TABLE 92 BULK POWER TRANSMISSION: HVDC TRANSMISSION MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 93 BULK POWER TRANSMISSION: HVDC TRANSMISSION MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
10.2.1 OVERHEAD
10.2.1.1 Focus on minimizing power loss to fuel demand for overhead transmission
TABLE 94 OVERHEAD: BULK POWER HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2019–2022 (USD MILLION)
TABLE 95 OVERHEAD: BULK POWER HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2023–2028 (USD MILLION)
10.2.2 UNDERWATER & UNDERGROUND
10.2.2.1 Increasing cross-border electricity trade to propel demand for underwater and underground transmission
TABLE 96 UNDERWATER & UNDERGROUND: BULK POWER HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2019–2022 (USD MILLION)
TABLE 97 UNDERWATER & UNDERGROUND: BULK POWER HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2023–2028 (USD MILLION)
10.3 INTERCONNECTING GRIDS
10.3.1 GROWING INTERCONNECTION OF POWER GRIDS TO CREATE DEMAND FOR HVDC TRANSMISSION
TABLE 98 INTERCONNECTING GRIDS: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2019–2022 (USD MILLION)
TABLE 99 INTERCONNECTING GRIDS: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2023–2028 (USD MILLION)
TABLE 100 INTERCONNECTING GRIDS: HVDC TRANSMISSION MARKET FOR POINT-TO-POINT PROJECTS, BY CONFIGURATION, 2019–2022 (USD MILLION)
TABLE 101 INTERCONNECTING GRIDS: HVDC TRANSMISSION MARKET FOR POINT-TO-POINT PROJECTS, BY CONFIGURATION, 2023–2028 (USD MILLION)
10.4 INFEED URBAN AREAS
10.4.1 RISING ELECTRICITY DEMAND FROM DENSELY POPULATED URBAN AREAS TO FUEL REQUIREMENT FOR HVDC TRANSMISSION
TABLE 102 INFEED URBAN AREAS: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2019–2022 (USD MILLION)
FIGURE 48 POINT-TO-POINT PROJECTS TO LEAD HVDC TRANSMISSION MARKET FOR INFEED URBAN AREAS DURING FORECAST PERIOD
TABLE 103 INFEED URBAN AREAS: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2023–2028 (USD MILLION)
TABLE 104 INFEED URBAN AREAS: HVDC TRANSMISSION MARKET FOR POINT-TO-POINT PROJECTS, BY CONFIGURATION, 2019–2022 (USD MILLION)
TABLE 105 INFEED URBAN AREAS: HVDC TRANSMISSION MARKET FOR POINT-TO-POINT PROJECTS, BY CONFIGURATION, 2023–2028 (USD MILLION)
11 HVDC TRANSMISSION MARKET, BY REGION
11.1 INTRODUCTION
FIGURE 49 CHINA TO BE FASTEST-GROWING COUNTRY-LEVEL MARKET DURING FORECAST PERIOD
TABLE 106 HVDC TRANSMISSION MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 107 HVDC TRANSMISSION MARKET, BY REGION, 2023–2028 (USD MILLION)
11.2 AMERICAS
FIGURE 50 AMERICAS: HVDC TRANSMISSION MARKET SNAPSHOT
TABLE 108 AMERICAS: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2019–2022 (USD MILLION)
TABLE 109 AMERICAS: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2023–2028 (USD MILLION)
TABLE 110 AMERICAS: POINT-TO-POINT: HVDC TRANSMISSION MARKET, BY CONFIGURATION, 2019–2022 (USD MILLION)
TABLE 111 AMERICAS: POINT-TO-POINT: HVDC TRANSMISSION MARKET, BY CONFIGURATION, 2023–2028 (USD MILLION)
TABLE 112 AMERICAS: HVDC TRANSMISSION MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 113 AMERICAS: HVDC TRANSMISSION MARKET, BY REGION, 2023–2028 (USD MILLION)
11.2.1 AMERICAS: RECESSION IMPACT
11.2.2 NORTH AMERICA
TABLE 114 NORTH AMERICA: HVDC TRANSMISSION MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 115 NORTH AMERICA: HVDC TRANSMISSION MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
11.2.2.1 US
11.2.2.1.1 Increasing renewable energy production to boost adoption of HVDC systems
11.2.2.2 Canada
11.2.2.2.1 Government-led initiatives to enhance power transmission infrastructure to drive market
11.2.2.3 Mexico
11.2.2.3.1 Government initiatives promoting renewable energy integration to stimulate demand for HVDC transmission
11.2.3 SOUTH AMERICA
TABLE 116 SOUTH AMERICA: HVDC TRANSMISSION MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 117 SOUTH AMERICA: HVDC TRANSMISSION MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
11.2.3.1 Brazil
11.2.3.1.1 Government initiatives to modernize grid infrastructure to drive market
11.2.3.2 Rest of South America
11.3 EUROPE
FIGURE 51 EUROPE: HVDC TRANSMISSION MARKET SNAPSHOT
TABLE 118 EUROPE: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2019–2022 (USD MILLION)
TABLE 119 EUROPE: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2023–2028 (USD MILLION
TABLE 120 EUROPE: POINT-TO-POINT: HVDC TRANSMISSION MARKET, BY CONFIGURATION, 2019–2022 (USD MILLION)
TABLE 121 EUROPE: POINT-TO-POINT: HVDC TRANSMISSION MARKET, BY CONFIGURATION, 2023–2028 (USD MILLION)
TABLE 122 EUROPE: HVDC TRANSMISSION MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 123 EUROPE: HVDC TRANSMISSION MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
11.3.1 EUROPE: RECESSION IMPACT
11.3.2 UK
11.3.2.1 Focus on improving transmission and distribution network to foster market growth
11.3.3 GERMANY
11.3.3.1 Implementation of policies promoting low-carbon future to drive market
11.3.4 RUSSIA
11.3.4.1 Transition to cleaner energy to support adoption of HVDC technology
11.3.5 FRANCE
11.3.5.1 Growing focus on decarbonization to drive adoption of HVDC transmission
11.3.6 REST OF EUROPE
11.4 ASIA PACIFIC
FIGURE 52 ASIA PACIFIC: HVDC TRANSMISSION MARKET SNAPSHOT
TABLE 124 ASIA PACIFIC: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2019–2022 (USD MILLION)
TABLE 125 ASIA PACIFIC: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2023–2028 (USD MILLION
TABLE 126 ASIA PACIFIC: HVDC TRANSMISSION MARKET FOR POINT-TO-POINT, BY CONFIGURATION, 2019–2022 (USD MILLION)
TABLE 127 ASIA PACIFIC: HVDC TRANSMISSION MARKET FOR POINT-TO-POINT, BY CONFIGURATION 2023–2028 (USD MILLION)
TABLE 128 ASIA PACIFIC: HVDC TRANSMISSION MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 129 ASIA PACIFIC: HVDC TRANSMISSION MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
11.4.1 ASIA PACIFIC: RECESSION IMPACT
11.4.2 CHINA
11.4.2.1 Substantial investments in ultra-high-voltage (UHV) projects to foster market growth
11.4.3 JAPAN
11.4.3.1 Surging electricity demand to drive market
11.4.4 INDIA
11.4.4.1 Government-led initiatives to strengthen energy security to drive market
11.4.5 AUSTRALIA
11.4.5.1 Strategic investments in modernizing grid infrastructure to drive demand for HVDC transmission
11.4.6 REST OF ASIA PACIFIC
11.5 REST OF THE WORLD (ROW)
TABLE 130 ROW: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2019–2022 (USD MILLION)
TABLE 131 ROW: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2023–2028 (USD MILLION
TABLE 132 ROW: HVDC TRANSMISSION MARKET FOR POINT-TO-POINT, BY CONFIGURATION, 2019–2022 (USD MILLION)
TABLE 133 ROW: HVDC TRANSMISSION MARKET FOR POINT-TO-POINT, BY CONFIGURATION, 2023–2028 (USD MILLION)
TABLE 134 ROW: HVDC TRANSMISSION MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 135 ROW: HVDC TRANSMISSION MARKET, BY REGION, 2023–2028 (USD MILLION)
11.5.1 MIDDLE EAST & AFRICA: RECESSION IMPACT
11.5.2 MIDDLE EAST
11.5.2.1 Emerging transformative projects in Abu Dabi to drive demand for HVDC technology
11.5.3 AFRICA
11.5.3.1 Investments in modernization of energy infrastructure to drive market
12 COMPETITIVE LANDSCAPE
12.1 INTRODUCTION
12.2 STRATEGIES ADOPTED BY KEY PLAYERS
TABLE 136 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
TABLE 137 KEY GROWTH STRATEGIES ADOPTED BY COMPANIES DURING 2019–2022
12.2.1 ORGANIC/INORGANIC GROWTH STRATEGIES
12.2.2 PRODUCT PORTFOLIO
12.2.3 GEOGRAPHIC PRESENCE
12.2.4 MANUFACTURING AND DISTRIBUTION FOOTPRINT
12.3 MARKET SHARE ANALYSIS, 2022
TABLE 138 MARKET SHARE ANALYSIS OF TOP 5 PLAYERS IN HVDC TRANSMISSION MARKET, 2022
12.4 REVENUE ANALYSIS, 2018–2022
FIGURE 53 REVENUE ANALYSIS OF MAJOR COMPANIES IN HVDC TRANSMISSION MARKET, 2018–2022 (USD BILLION)
12.5 EVALUATION MATRIX FOR MAJOR PLAYERS, 2022
12.5.1 STARS
12.5.2 EMERGING LEADERS
12.5.3 PERVASIVE PLAYERS
12.5.4 PARTICIPANTS
FIGURE 54 HVDC TRANSMISSION MARKET: EVALUATION MATRIX FOR MAJOR PLAYERS, 2022
12.6 EVALUATION MATRIX FOR STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES), 2022
12.6.1 COMPETITIVE BENCHMARKING
TABLE 139 HVDC TRANSMISSION MARKET: DETAILED LIST OF KEY STARTUPS/SMES
TABLE 140 STARTUPS/SMES FOOTPRINT, BY COMPONENT
TABLE 141 STARTUPS/SMES FOOTPRINT, BY APPLICATION
TABLE 142 STARTUPS/SMES FOOTPRINT, BY REGION
12.6.2 PROGRESSIVE COMPANIES
12.6.3 RESPONSIVE COMPANIES
12.6.4 DYNAMIC COMPANIES
12.6.5 STARTING BLOCKS
FIGURE 55 HVDC TRANSMISSION MARKET: EVALUATION MATRIX
FOR STARTUPS/SMES, 2022
12.7 COMPANY FOOTPRINT
TABLE 143 OVERALL COMPANY FOOTPRINT
TABLE 144 COMPANY COMPONENT FOOTPRINT
TABLE 145 COMPANY APPLICATION FOOTPRINT
TABLE 146 COMPANY REGION FOOTPRINT
12.8 COMPETITIVE SCENARIOS AND TRENDS
12.8.1 DEALS
TABLE 147 HVDC TRANSMISSION MARKET: DEALS, 2019–2023
13 COMPANY PROFILES
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
13.1 INTRODUCTION
13.2 KEY PLAYERS
13.2.1 HITACHI, LTD.
TABLE 148 HITACHI, LTD.: COMPANY OVERVIEW
FIGURE 56 HITACHI, LTD.: COMPANY SNAPSHOT
TABLE 149 HITACHI, LTD.: DEALS
13.2.2 SIEMENS ENERGY
TABLE 150 SIEMENS ENERGY: COMPANY OVERVIEW
FIGURE 57 SIEMENS ENERGY: COMPANY SNAPSHOT
TABLE 151 SIEMENS ENERGY: DEALS
13.2.3 MITSUBISHI ELECTRIC CORPORATION
TABLE 152 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW
FIGURE 58 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
TABLE 153 MITSUBISHI ELECTRIC CORPORATION: DEALS
13.2.4 GENERAL ELECTRIC
TABLE 154 GENERAL ELECTRIC: COMPANY OVERVIEW
FIGURE 59 GENERAL ELECTRIC: COMPANY SNAPSHOT
TABLE 155 GENERAL ELECTRIC: DEALS
13.2.5 PRYSMIAN GROUP
TABLE 156 PRYSMIAN GROUP: COMPANY OVERVIEW
FIGURE 60 PRYSMIAN GROUP: COMPANY SNAPSHOT
TABLE 157 PRYSMIAN GROUP: DEALS
13.2.6 TOSHIBA CORPORATION
TABLE 158 TOSHIBA CORPORATION: COMPANY OVERVIEW
FIGURE 61 TOSHIBA CORPORATION: COMPANY SNAPSHOT
TABLE 159 TOSHIBA CORPORATION: DEALS
13.2.7 NKT A/S
TABLE 160 NKT A/S: COMPANY OVERVIEW
FIGURE 62 NKT A/S: COMPANY SNAPSHOT
TABLE 161 NKT A/S: DEALS
13.2.8 NEXANS
TABLE 162 NEXANS: COMPANY OVERVIEW
FIGURE 63 NEXANS: COMPANY SNAPSHOT
TABLE 163 NEXANS: DEALS
13.2.9 LS ELECTRIC CO., LTD.
TABLE 164 LS ELECTRIC CO., LTD.: COMPANY OVERVIEW
FIGURE 64 LS ELECTRIC CO., LTD.: COMPANY SNAPSHOT
13.2.10 NR ELECTRIC CO., LTD.
TABLE 165 NR ELECTRIC CO., LTD.: COMPANY OVERVIEW
13.3 OTHER PLAYERS
13.3.1 SUMITOMO ELECTRIC INDUSTRIES, LTD.
13.3.2 ZAPOROZHTRANSFORMATOR
13.3.3 ALSTOM GRID (GE GRID SOLUTIONS)
13.3.4 TAIHAN
13.3.5 AMERICAN SUPERCONDUCTOR
13.3.6 ZTT GROUP
13.3.7 TBEA CO., LTD.
13.3.8 EFACEC
13.3.9 SIEYUAN ELECTRIC CO., LTD.
13.3.10 XJ ELECTRIC CO., LTD.
13.3.11 BAODING TIANWEI BAOBIAN ELECTRIC CO., LTD.
13.3.12 CG POWER & INDUSTRIAL SOLUTIONS LTD.
13.3.13 SGB SMIT
13.3.14 C-EPRI ELECTRIC POWER ENGINEERING CO., LTD.
13.3.15 HYOSUNG HEAVY INDUSTRIES
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
14 APPENDIX
14.1 INSIGHTS FROM INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.4 CUSTOMIZATION OPTIONS
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS, BY COMPANY
1.2.2 INCLUSIONS AND EXCLUSIONS, BY COMPONENT
1.2.3 INCLUSIONS AND EXCLUSIONS, BY PROJECT TYPE
1.2.4 INCLUSIONS AND EXCLUSIONS, BY TECHNOLOGY
1.2.5 INCLUSIONS AND EXCLUSIONS, BY APPLICATION LEVEL
1.2.6 INCLUSIONS AND EXCLUSIONS, BY REGION
1.3 STUDY SCOPE
FIGURE 1 HVDC TRANSMISSION MARKET SEGMENTATION
1.4 CURRENCY CONSIDERED
1.5 UNITS CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
1.9 IMPACT OF RECESSION
2 RESEARCH METHODOLOGY
2.1 RESEARCH APPROACH
FIGURE 2 HVDC TRANSMISSION MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Major secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary interviews with experts
2.1.2.2 List of key primary interview participants
2.1.2.3 Breakdown of primaries
2.1.2.4 Key data from primary sources
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.1.3.1 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to capture market share by bottom-up analysis
FIGURE 3 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to capture market share by top-down analysis
FIGURE 4 TOP-DOWN APPROACH
2.3 FACTOR ANALYSIS
2.3.1 DEMAND-SIDE ANALYSIS
FIGURE 5 MARKET SIZE ESTIMATION: DEMAND-SIDE ANALYSIS
2.3.2 SUPPLY-SIDE ANALYSIS
FIGURE 6 MARKET SIZE ESTIMATION: SUPPLY-SIDE ANALYSIS
2.3.3 GROWTH FORECAST ASSUMPTIONS
TABLE 1 MARKET GROWTH ASSUMPTIONS
2.4 APPROACH TO UNDERSTAND RECESSION IMPACT ON HVDC TRANSMISSION MARKET
2.5 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION
2.6 RESEARCH ASSUMPTIONS
2.7 RISK ASSESSMENT
TABLE 2 HVDC TRANSMISSION MARKET: RISK ASSESSMENT
3 EXECUTIVE SUMMARY
FIGURE 8 HVDC TRANSMISSION MARKET, 2019–2028
FIGURE 9 CONVERTER STATIONS SEGMENT TO DOMINATE HVDC TRANSMISSION MARKET DURING FORECAST PERIOD
FIGURE 10 POINT-TO-POINT SEGMENT TO CAPTURE LARGEST MARKET SHARE DURING FORECAST PERIOD
FIGURE 11 LCC-BASED SEGMENT TO ACCOUNT FOR LARGEST SHARE OF HVDC TRANSMISSION MARKET DURING FORECAST PERIOD
FIGURE 12 BULK POWER TRANSMISSION SEGMENT TO COMMAND LARGEST SHARE OF HVDC TRANSMISSION MARKET DURING FORECAST PERIOD
FIGURE 13 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HVDC TRANSMISSION MARKET
FIGURE 14 INCREASING DEMAND FOR VOLTAGE SOURCE CONVERTER (VSC)-BASED TRANSMISSION TO DRIVE MARKET
4.2 HVDC TRANSMISSION MARKET, BY COMPONENT
FIGURE 15 CONVERTER STATIONS SEGMENT TO DOMINATE HVDC TRANSMISSION MARKET DURING FORECAST PERIOD
4.3 HVDC TRANSMISSION MARKET, BY TECHNOLOGY
FIGURE 16 LCC-BASED SEGMENT TO CAPTURE LARGEST SHARE OF HVDC TRANSMISSION MARKET IN 2028
4.4 HVDC TRANSMISSION MARKET, BY PROJECT TYPE
FIGURE 17 POINT-TO-POINT SEGMENT TO CAPTURE LARGEST SHARE OF HVDC TRANSMISSION MARKET IN 2023
4.5 HVDC TRANSMISSION MARKET, BY APPLICATION
FIGURE 18 BULK POWER TRANSMISSION TO LEAD HVDC TRANSMISSION MARKET FROM 2023 TO 2028
4.6 AMERICAS: HVDC TRANSMISSION MARKET, BY PROJECT TYPE AND COUNTRY, 2022
FIGURE 19 POINT-TO-POINT AND US HELD LARGEST SHARES OF HVDC TRANSMISSION MARKET IN AMERICAS IN 2022
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 20 HVDC TRANSMISSION MARKET: MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Integration of VSC technology into HVDC systems
5.2.1.2 Rapid transition toward renewable energy
5.2.1.3 Strong focus of governments and utilities on grid modernization to improve power reliability
FIGURE 21 ELECTRICITY CONSUMPTION, BY REGION, 2020–2023 (TERAWATT-HOUR)
5.2.1.4 Government-led policies and initiatives promoting HVDC transmission technology
FIGURE 22 IMPACT ANALYSIS OF DRIVERS ON HVDC TRANSMISSION MARKET
5.2.2 RESTRAINTS
5.2.2.1 High initial investment requirements
5.2.2.2 Availability of substitute technologies such as distributed and off-grid power generation systems
5.2.2.3 Additional costs associated with circuit breakers
FIGURE 23 IMPACT ANALYSIS OF RESTRAINTS ON HVDC TRANSMISSION MARKET
5.2.3 OPPORTUNITIES
5.2.3.1 Constant advances in power electronics and adoption of digital and automation technologies
5.2.3.2 Electrification of transportation sector
5.2.3.3 Growing demand for integrated networks across long distances
FIGURE 24 IMPACT ANALYSIS OF OPPORTUNITIES ON HVDC TRANSMISSION MARKET
5.2.4 CHALLENGES
5.2.4.1 Interoperability issues due to lack of standardization
5.2.4.2 Stringent regulatory landscape and complexities associated with obtaining permits for HVDC projects
FIGURE 25 IMPACT ANALYSIS OF CHALLENGES ON HVDC TRANSMISSION MARKET
5.3 VALUE CHAIN ANALYSIS
FIGURE 26 HVDC TRANSMISSION MARKET: VALUE CHAIN ANALYSIS
TABLE 3 HVDC TRANSMISSION MARKET: ROLE OF KEY PLAYERS IN ECOSYSTEM
5.4 ECOSYSTEM MAPPING
FIGURE 27 HVDC TRANSMISSION MARKET: ECOSYSTEM
5.5 KEY TECHNOLOGY TRENDS
5.5.1 RELATED TECHNOLOGIES
5.5.1.1 Flexible AC transmission system (FACTS)
5.5.1.2 Modular multilevel converters (MMCs)
5.5.2 UPCOMING TECHNOLOGIES
5.5.2.1 Grid-forming inverters
5.5.2.2 Ultra-high voltage AC (UHVAC)
5.5.3 ADJACENT TECHNOLOGIES
5.5.3.1 Energy storage systems
5.5.3.2 Renewable energy integration
5.6 PRICING ANALYSIS
5.6.1 INDICATIVE PRICING ANALYSIS OF HVDC TRANSMISSION COMPONENTS
TABLE 4 INDICATIVE PRICING LEVELS OF HVDC TRANSMISSION SOLUTIONS
5.7 PATENT ANALYSIS
TABLE 5 PATENTS FILED DURING 2012–2022
FIGURE 28 NUMBER OF PATENTS GRANTED FOR HVDC TRANSMISSION
FIGURE 29 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS DURING 2012–2022
TABLE 6 TOP 20 PATENT OWNERS DURING 2012–2022
TABLE 7 KEY PATENTS RELATED TO HVDC TRANSMISSION
5.8 PORTER’S FIVE FORCES ANALYSIS
FIGURE 30 HVDC TRANSMISSION MARKET: PORTER’S FIVE FORCES ANALYSIS, 2022
FIGURE 31 IMPACT OF PORTER’S FIVE FORCES ON HVDC TRANSMISSION MARKET, 2022
TABLE 8 HVDC TRANSMISSION MARKET: PORTER’S FIVE FORCES ANALYSIS (2022)
5.8.1 THREAT OF NEW ENTRANTS
5.8.2 THREAT OF SUBSTITUTES
5.8.3 BARGAINING POWER OF SUPPLIERS
5.8.4 BARGAINING POWER OF BUYERS
5.8.5 INTENSITY OF COMPETITIVE RIVALRY
5.9 KEY STAKEHOLDERS AND BUYING CRITERIA
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 32 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR HVDC TRANSMISSION
TABLE 9 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR HVDC TRANSMISSION MARKET (%)
5.9.2 BUYING CRITERIA
FIGURE 33 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS OF HVDC TRANSMISSION
TABLE 10 KEY BUYING CRITERIA FOR HVDC TRANSMISSION, BY APPLICATION
5.10 CASE STUDIES
TABLE 11 HVDC SOLUTION POWERS RENEWABLE ENERGY INTEGRATION FROM GERMAN NORTH SEA WIND FARMS
TABLE 12 SIEMENS HELPED ALTA LINK TRANSITION TO WIND-BASED ENERGY WITH ADVANCED TECHNOLOGY AND EXPERTISE
TABLE 13 HVDC SOLUTIONS EMPOWERED SCOTLAND'S RENEWABLE ENERGY TRANSITION
TABLE 14 NKT A/S OFFERED POWER TRANSMISSION SOLUTIONS TO ENSURE RELIABLE ENERGY EXCHANGE BETWEEN DENMARK AND SWEDEN
TABLE 15 MITSUBISHI ELECTRIC CORPORATION HELPED SWANSEA NORTH SUBSTATION UPGRADE TO HIGHER VOLTAGE SYSTEM
5.11 TRADE DATA
TABLE 16 EXPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 8504, 2018–2022 (USD MILLION)
FIGURE 34 EXPORT VALUES FOR PRODUCTS COVERED UNDER HS CODE 8504, 2018–2022
TABLE 17 IMPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 8504, 2018–2022 (USD MILLION)
FIGURE 35 IMPORT VALUES FOR PRODUCTS COVERED UNDER HS CODE 8504, 2018–2022
5.12 TARIFFS AND REGULATORY LANDSCAPE
5.12.1 TARIFFS
TABLE 18 MFN TARIFFS FOR HS CODE 8504-COMPLIANT PRODUCTS EXPORTED BY GERMANY
5.12.2 STANDARDS
5.12.2.1 Europe
5.12.2.2 Asia Pacific
5.12.2.3 North America
5.12.3 REGULATIONS
5.12.3.1 North America
5.12.3.2 Europe
5.12.3.3 Asia Pacific
5.13 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 36 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PLAYERS IN HVDC TRANSMISSION MARKET
5.14 KEY CONFERENCES AND EVENTS, 2022–2023
TABLE 19 HVDC TRANSMISSION MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
6 HVDC TRANSMISSION MARKET, BY POWER RATING
6.1 INTRODUCTION
6.2 BELOW 500 MW
6.3 501–999 MW
6.4 1,000–2,000 MW
6.5 ABOVE 2,000 MW
7 HVDC TRANSMISSION MARKET, BY COMPONENT
7.1 INTRODUCTION
TABLE 20 HVDC TRANSMISSION MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
FIGURE 37 CONVERTER STATIONS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
TABLE 21 HVDC TRANSMISSION MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
7.2 CONVERTER STATIONS
TABLE 22 CONVERTER STATIONS: HVDC TRANSMISSION MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
FIGURE 38 CIRCUIT BREAKERS TO DOMINATE CONVERTER STATIONS MARKET DURING FORECAST PERIOD
TABLE 23 CONVERTER STATIONS: HVDC TRANSMISSION MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
7.2.1 VALVES
TABLE 24 VALVES: HVDC TRANSMISSION MARKET, BY TYPE, 2019–2022 (USD MILLION)
FIGURE 39 THYRISTORS SEGMENT TO COMMAND LARGER SHARE OF VALVES MARKET DURING FORECAST PERIOD
TABLE 25 VALVES: HVDC TRANSMISSION MARKET, BY TYPE, 2023–2028 (USD MILLION)
7.2.1.1 Thyristor valves
7.2.1.1.1 Increasing adoption of thyristor valves in modern HVDC projects to drive market
7.2.1.2 Insulated gate bipolar transistors (IGBTs)
7.2.1.2.1 Rising demand for IGBT-based converter stations in long-distance power transmission to boost market growth
7.2.2 TRANSFORMERS
7.2.2.1 Ability to optimize voltage conversion to induce demand for transformers
7.2.3 HARMONIC FILTERS
7.2.3.1 AC filter
7.2.3.1.1 Increasing adoption of AC filters in electrical systems to mitigate harmonic distortion to drive segmental growth
7.2.3.2 DC filter
7.2.3.2.1 Increasing emphasis on ensuring high-quality power transmission to fuel adoption of DC filters
7.2.4 CIRCUIT BREAKERS
7.2.4.1 Rising demand for safety and reliability in electrical systems to accelerate adoption of circuit breakers
7.2.5 REACTORS
7.2.5.1 Need to optimize power flow and voltage stability within systems to drive adoption of reactors
7.2.6 SURGE ARRESTERS
7.2.6.1 Increasing adoption of surge arresters to protect HVDC equipment from voltage surges to drive market
7.3 TRANSMISSION CABLES
7.3.1 RISING DEMAND FOR LONG-DISTANCE POWER TRANSFER TO ACCELERATE ADOPTION OF TRANSMISSION CABLES
7.4 OTHERS
8 HVDC TRANSMISSION MARKET, BY PROJECT TYPE
8.1 INTRODUCTION
FIGURE 40 POINT-TO-POINT SEGMENT TO CAPTURE LARGEST SHARE OF HVDC TRANSMISSION MARKET DURING FORECAST PERIOD
TABLE 26 HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2019–2022 (USD MILLION)
TABLE 27 HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2023–2028 (USD MILLION)
8.2 POINT-TO-POINT TRANSMISSION
8.2.1 INCREASING LONG-DISTANCE ELECTRICITY TRANSFER TO FUEL DEPLOYMENT OF POINT-TO-POINT TRANSMISSION SYSTEMS
TABLE 28 POINT-TO-POINT: HVDC TRANSMISSION MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 29 POINT-TO-POINT: HVDC TRANSMISSION MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
TABLE 30 POINT-TO-POINT: HVDC TRANSMISSION MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
FIGURE 41 BULK POWER TRANSMISSION SEGMENT TO DOMINATE POINT-TO-POINT HVDC TRANSMISSION MARKET DURING FORECAST PERIOD
TABLE 31 POINT-TO-POINT: HVDC TRANSMISSION MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 32 BULK POWER TRANSMISSION: HVDC TRANSMISSION MARKET FOR POINT-TO-POINT, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 33 BULK POWER TRANSMISSION: HVDC TRANSMISSION MARKET FOR POINT-TO-POINT, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 34 POINT-TO-POINT: HVDC TRANSMISSION MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 35 POINT-TO-POINT: HVDC TRANSMISSION MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 36 POINT-TO-POINT: HVDC TRANSMISSION MARKET, BY CONFIGURATION, 2019–2022 (USD MILLION)
TABLE 37 POINT-TO-POINT: HVDC TRANSMISSION MARKET, BY CONFIGURATION, 2023–2028 (USD MILLION)
8.2.2 MONOPOLAR TRANSMISSION SYSTEMS
8.2.2.1 Economic feasibility of monopolar HVDC transmission systems to drive segmental growth
TABLE 38 POINT-TO-POINT: HVDC TRANSMISSION MARKET FOR MONOPOLAR TRANSMISSION SYSTEMS, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 39 POINT-TO-POINT: HVDC TRANSMISSION MARKET FOR MONOPOLAR TRANSMISSION SYSTEMS, BY TECHNOLOGY, 2023–2028 (USD MILLION)
TABLE 40 POINT-TO-POINT: HVDC TRANSMISSION MARKET FOR MONOPOLAR TRANSMISSION SYSTEMS, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 41 POINT-TO-POINT: HVDC TRANSMISSION MARKET FOR MONOPOLAR TRANSMISSION SYSTEMS, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 42 MONOPOLAR TRANSMISSION SYSTEMS: HVDC TRANSMISSION MARKET FOR BULK POWER TRANSMISSION, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 43 MONOPOLAR TRANSMISSION SYSTEMS: HVDC TRANSMISSION MARKET FOR BULK POWER TRANSMISSION, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 44 POINT-TO-POINT: HVDC TRANSMISSION MARKET FOR MONOPOLAR, BY REGION, 2019–2022 (USD MILLION)
TABLE 45 POINT-TO-POINT: HVDC TRANSMISSION MARKET FOR MONOPOLAR, BY REGION, 2023–2028 (USD MILLION)
8.2.3 BIPOLAR TRANSMISSION SYSTEMS
8.2.3.1 Increasing focus on improving grid flexibility and resilience to boost demand for bipolar transmission systems
TABLE 46 POINT-TO-POINT: HVDC TRANSMISSION MARKET FOR BIPOLAR TRANSMISSION SYSTEMS, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 47 POINT-TO-POINT: HVDC TRANSMISSION MARKET FOR BIPOLAR TRANSMISSION SYSTEMS, BY TECHNOLOGY, 2023–2028 (USD MILLION)
TABLE 48 POINT-TO-POINT: HVDC TRANSMISSION MARKET FOR BIPOLAR TRANSMISSION SYSTEMS, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 49 POINT-TO-POINT: HVDC TRANSMISSION MARKET FOR BIPOLAR TRANSMISSION SYSTEMS, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 50 BIPOLAR TRANSMISSION SYSTEMS: HVDC TRANSMISSION MARKET FOR BULK POWER TRANSMISSION, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 51 BIPOLAR TRANSMISSION SYSTEMS: HVDC TRANSMISSION MARKET FOR BULK POWER TRANSMISSION, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 52 POINT-TO-POINT: HVDC TRANSMISSION MARKET FOR BIPOLAR, BY REGION, 2019–2022 (USD MILLION)
TABLE 53 POINT-TO-POINT: HVDC TRANSMISSION MARKET FOR BIPOLAR, BY REGION, 2023–2028 (USD MILLION)
8.3 BACK-TO-BACK STATIONS
8.3.1 ADOPTION OF BACK-TO-BACK STATIONS TO FACILITATE POWER TRANSMISSION BETWEEN CONVERTERS TO DRIVE SEGMENT
TABLE 54 BACK-TO-BACK: HVDC TRANSMISSION MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 55 BACK-TO-BACK: HVDC TRANSMISSION MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
TABLE 56 BACK-TO-BACK: HVDC TRANSMISSION MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 57 BACK-TO-BACK: HVDC TRANSMISSION MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 58 BACK-TO-BACK: HVDC TRANSMISSION MARKET FOR BULK POWER TRANSMISSION, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 59 BACK-TO-BACK: HVDC TRANSMISSION MARKET FOR BULK POWER TRANSMISSION, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 60 BACK-TO-BACK: HVDC TRANSMISSION MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 61 BACK-TO-BACK: HVDC TRANSMISSION MARKET, BY REGION, 2023–2028 (USD MILLION)
8.4 MULTI-TERMINAL SYSTEMS
8.4.1 INCREASING REQUIREMENT FOR RELIABILITY DURING FORCED OUTAGES TO DRIVE DEMAND FOR MULTI-TERMINAL SYSTEMS
TABLE 62 MULTI-TERMINAL: HVDC TRANSMISSION MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 63 MULTI-TERMINAL: HVDC TRANSMISSION MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
TABLE 64 MULTI-TERMINAL: HVDC TRANSMISSION MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
FIGURE 42 BULK POWER TRANSMISSION SEGMENT TO LEAD MULTI-TERMINAL HVDC TRANSMISSION MARKET DURING FORECAST PERIOD
TABLE 65 MULTI-TERMINAL: HVDC TRANSMISSION MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 66 MULTI-TERMINAL: HVDC TRANSMISSION MARKET FOR BULK POWER TRANSMISSION, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 67 MULTI-TERMINAL: HVDC TRANSMISSION MARKET FOR BULK POWER TRANSMISSION, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 68 MULTI-TERMINAL: HVDC TRANSMISSION MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 69 MULTI-TERMINAL: HVDC TRANSMISSION MARKET, BY REGION, 2023–2028 (USD MILLION)
9 HVDC TRANSMISSION MARKET, BY TECHNOLOGY
9.1 INTRODUCTION
FIGURE 43 LCC-BASED SEGMENT TO ACCOUNT FOR LARGEST SHARE OF HVDC TRANSMISSION MARKET FROM 2023 TO 2028
TABLE 70 HVDC TRANSMISSION MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 71 HVDC TRANSMISSION MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
9.2 LINE COMMUTATED CONVERTER (LCC)
TABLE 72 LCC: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2019–2022 (USD MILLION)
FIGURE 44 POINT-TO-POINT PROJECTS TO DOMINATE LCC HVDC TRANSMISSION MARKET DURING FORECAST PERIOD
TABLE 73 LCC: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2023–2028 (USD MILLION)
TABLE 74 LCC: HVDC TRANSMISSION MARKET FOR POINT-TO-POINT PROJECTS, BY CONFIGURATION, 2019–2022 (USD MILLION)
TABLE 75 LCC: HVDC TRANSMISSION MARKET FOR POINT-TO-POINT PROJECTS, BY CONFIGURATION, 2023–2028 (USD MILLION)
TABLE 76 LCC: HVDC TRANSMISSION MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 77 LCC: HVDC TRANSMISSION MARKET, BY TYPE, 2023–2028 (USD MILLION)
9.2.1 LCC HIGH-VOLTAGE DIRECT CURRENT (HVDC)
9.2.1.1 Increasing demand for electricity to drive adoption of LCC HVDC systems
9.2.2 LCC ULTRA HIGH-VOLTAGE DIRECT CURRENT (UHVDC)
9.2.2.1 Increasing electricity trade between various countries to increase demand for LLC UHVDC systems
9.3 VOLTAGE SOURCE CONVERTER (VSC)
TABLE 78 VSC: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2019–2022 (USD MILLION)
FIGURE 45 MULTI-TERMINAL SEGMENT TO REGISTER HIGHEST CAGR IN VSC HVDC TRANSMISSION MARKET DURING FORECAST PERIOD
TABLE 79 VSC: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2023–2028 (USD MILLION)
TABLE 80 VSC: HVDC TRANSMISSION MARKET FOR POINT-TO-POINT PROJECTS, BY CONFIGURATION, 2019–2022 (USD MILLION)
TABLE 81 VSC: HVDC TRANSMISSION MARKET FOR POINT-TO-POINT PROJECTS, BY CONFIGURATION, 2023–2028 (USD MILLION)
TABLE 82 VSC: HVDC TRANSMISSION MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 83 VSC: HVDC TRANSMISSION MARKET, BY TYPE, 2023–2028 (USD MILLION)
9.3.1 VSC HVDC
9.3.1.1 Technological advancements in VSC HVDC transmission to create growth opportunities for market players
9.3.2 VSC UHVDC
9.3.2.1 Increasing number of VSC UHVDC projects to drive market growth
9.4 CAPACITOR COMMUTATED CONVERTER (CCC)
9.4.1 INCREASING ADOPTION OF CCC TECHNOLOGY FOR BACK-TO-BACK HVDC TRANSMISSION TO DRIVE SEGMENTAL GROWTH
TABLE 84 CCC: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2019–2022 (USD MILLION)
TABLE 85 CCC: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2023–2028 (USD MILLION)
10 HVDC TRANSMISSION MARKET, BY APPLICATION
10.1 INTRODUCTION
FIGURE 46 BULK POWER TRANSMISSION SEGMENT TO AMASS LARGEST SHARE OF HVDC TRANSMISSION MARKET DURING 2023–2028
TABLE 86 HVDC TRANSMISSION MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 87 HVDC TRANSMISSION MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
10.2 BULK POWER TRANSMISSION
TABLE 88 BULK POWER TRANSMISSION: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2019–2022 (USD MILLION)
FIGURE 47 POINT-TO-POINT PROJECT TYPE TO DOMINATE BULK POWER HVDC TRANSMISSION MARKET DURING FORECAST PERIOD
TABLE 89 BULK POWER TRANSMISSION: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2023–2028 (USD MILLION)
TABLE 90 BULK POWER TRANSMISSION: HVDC TRANSMISSION MARKET FOR POINT-TO-POINT PROJECTS, BY CONFIGURATION, 2019–2022 (USD MILLION)
TABLE 91 BULK POWER TRANSMISSION: HVDC TRANSMISSION MARKET FOR POINT-TO-POINT PROJECTS, BY CONFIGURATION, 2023–2028 (USD MILLION)
TABLE 92 BULK POWER TRANSMISSION: HVDC TRANSMISSION MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 93 BULK POWER TRANSMISSION: HVDC TRANSMISSION MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
10.2.1 OVERHEAD
10.2.1.1 Focus on minimizing power loss to fuel demand for overhead transmission
TABLE 94 OVERHEAD: BULK POWER HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2019–2022 (USD MILLION)
TABLE 95 OVERHEAD: BULK POWER HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2023–2028 (USD MILLION)
10.2.2 UNDERWATER & UNDERGROUND
10.2.2.1 Increasing cross-border electricity trade to propel demand for underwater and underground transmission
TABLE 96 UNDERWATER & UNDERGROUND: BULK POWER HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2019–2022 (USD MILLION)
TABLE 97 UNDERWATER & UNDERGROUND: BULK POWER HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2023–2028 (USD MILLION)
10.3 INTERCONNECTING GRIDS
10.3.1 GROWING INTERCONNECTION OF POWER GRIDS TO CREATE DEMAND FOR HVDC TRANSMISSION
TABLE 98 INTERCONNECTING GRIDS: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2019–2022 (USD MILLION)
TABLE 99 INTERCONNECTING GRIDS: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2023–2028 (USD MILLION)
TABLE 100 INTERCONNECTING GRIDS: HVDC TRANSMISSION MARKET FOR POINT-TO-POINT PROJECTS, BY CONFIGURATION, 2019–2022 (USD MILLION)
TABLE 101 INTERCONNECTING GRIDS: HVDC TRANSMISSION MARKET FOR POINT-TO-POINT PROJECTS, BY CONFIGURATION, 2023–2028 (USD MILLION)
10.4 INFEED URBAN AREAS
10.4.1 RISING ELECTRICITY DEMAND FROM DENSELY POPULATED URBAN AREAS TO FUEL REQUIREMENT FOR HVDC TRANSMISSION
TABLE 102 INFEED URBAN AREAS: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2019–2022 (USD MILLION)
FIGURE 48 POINT-TO-POINT PROJECTS TO LEAD HVDC TRANSMISSION MARKET FOR INFEED URBAN AREAS DURING FORECAST PERIOD
TABLE 103 INFEED URBAN AREAS: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2023–2028 (USD MILLION)
TABLE 104 INFEED URBAN AREAS: HVDC TRANSMISSION MARKET FOR POINT-TO-POINT PROJECTS, BY CONFIGURATION, 2019–2022 (USD MILLION)
TABLE 105 INFEED URBAN AREAS: HVDC TRANSMISSION MARKET FOR POINT-TO-POINT PROJECTS, BY CONFIGURATION, 2023–2028 (USD MILLION)
11 HVDC TRANSMISSION MARKET, BY REGION
11.1 INTRODUCTION
FIGURE 49 CHINA TO BE FASTEST-GROWING COUNTRY-LEVEL MARKET DURING FORECAST PERIOD
TABLE 106 HVDC TRANSMISSION MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 107 HVDC TRANSMISSION MARKET, BY REGION, 2023–2028 (USD MILLION)
11.2 AMERICAS
FIGURE 50 AMERICAS: HVDC TRANSMISSION MARKET SNAPSHOT
TABLE 108 AMERICAS: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2019–2022 (USD MILLION)
TABLE 109 AMERICAS: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2023–2028 (USD MILLION)
TABLE 110 AMERICAS: POINT-TO-POINT: HVDC TRANSMISSION MARKET, BY CONFIGURATION, 2019–2022 (USD MILLION)
TABLE 111 AMERICAS: POINT-TO-POINT: HVDC TRANSMISSION MARKET, BY CONFIGURATION, 2023–2028 (USD MILLION)
TABLE 112 AMERICAS: HVDC TRANSMISSION MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 113 AMERICAS: HVDC TRANSMISSION MARKET, BY REGION, 2023–2028 (USD MILLION)
11.2.1 AMERICAS: RECESSION IMPACT
11.2.2 NORTH AMERICA
TABLE 114 NORTH AMERICA: HVDC TRANSMISSION MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 115 NORTH AMERICA: HVDC TRANSMISSION MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
11.2.2.1 US
11.2.2.1.1 Increasing renewable energy production to boost adoption of HVDC systems
11.2.2.2 Canada
11.2.2.2.1 Government-led initiatives to enhance power transmission infrastructure to drive market
11.2.2.3 Mexico
11.2.2.3.1 Government initiatives promoting renewable energy integration to stimulate demand for HVDC transmission
11.2.3 SOUTH AMERICA
TABLE 116 SOUTH AMERICA: HVDC TRANSMISSION MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 117 SOUTH AMERICA: HVDC TRANSMISSION MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
11.2.3.1 Brazil
11.2.3.1.1 Government initiatives to modernize grid infrastructure to drive market
11.2.3.2 Rest of South America
11.3 EUROPE
FIGURE 51 EUROPE: HVDC TRANSMISSION MARKET SNAPSHOT
TABLE 118 EUROPE: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2019–2022 (USD MILLION)
TABLE 119 EUROPE: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2023–2028 (USD MILLION
TABLE 120 EUROPE: POINT-TO-POINT: HVDC TRANSMISSION MARKET, BY CONFIGURATION, 2019–2022 (USD MILLION)
TABLE 121 EUROPE: POINT-TO-POINT: HVDC TRANSMISSION MARKET, BY CONFIGURATION, 2023–2028 (USD MILLION)
TABLE 122 EUROPE: HVDC TRANSMISSION MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 123 EUROPE: HVDC TRANSMISSION MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
11.3.1 EUROPE: RECESSION IMPACT
11.3.2 UK
11.3.2.1 Focus on improving transmission and distribution network to foster market growth
11.3.3 GERMANY
11.3.3.1 Implementation of policies promoting low-carbon future to drive market
11.3.4 RUSSIA
11.3.4.1 Transition to cleaner energy to support adoption of HVDC technology
11.3.5 FRANCE
11.3.5.1 Growing focus on decarbonization to drive adoption of HVDC transmission
11.3.6 REST OF EUROPE
11.4 ASIA PACIFIC
FIGURE 52 ASIA PACIFIC: HVDC TRANSMISSION MARKET SNAPSHOT
TABLE 124 ASIA PACIFIC: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2019–2022 (USD MILLION)
TABLE 125 ASIA PACIFIC: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2023–2028 (USD MILLION
TABLE 126 ASIA PACIFIC: HVDC TRANSMISSION MARKET FOR POINT-TO-POINT, BY CONFIGURATION, 2019–2022 (USD MILLION)
TABLE 127 ASIA PACIFIC: HVDC TRANSMISSION MARKET FOR POINT-TO-POINT, BY CONFIGURATION 2023–2028 (USD MILLION)
TABLE 128 ASIA PACIFIC: HVDC TRANSMISSION MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 129 ASIA PACIFIC: HVDC TRANSMISSION MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
11.4.1 ASIA PACIFIC: RECESSION IMPACT
11.4.2 CHINA
11.4.2.1 Substantial investments in ultra-high-voltage (UHV) projects to foster market growth
11.4.3 JAPAN
11.4.3.1 Surging electricity demand to drive market
11.4.4 INDIA
11.4.4.1 Government-led initiatives to strengthen energy security to drive market
11.4.5 AUSTRALIA
11.4.5.1 Strategic investments in modernizing grid infrastructure to drive demand for HVDC transmission
11.4.6 REST OF ASIA PACIFIC
11.5 REST OF THE WORLD (ROW)
TABLE 130 ROW: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2019–2022 (USD MILLION)
TABLE 131 ROW: HVDC TRANSMISSION MARKET, BY PROJECT TYPE, 2023–2028 (USD MILLION
TABLE 132 ROW: HVDC TRANSMISSION MARKET FOR POINT-TO-POINT, BY CONFIGURATION, 2019–2022 (USD MILLION)
TABLE 133 ROW: HVDC TRANSMISSION MARKET FOR POINT-TO-POINT, BY CONFIGURATION, 2023–2028 (USD MILLION)
TABLE 134 ROW: HVDC TRANSMISSION MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 135 ROW: HVDC TRANSMISSION MARKET, BY REGION, 2023–2028 (USD MILLION)
11.5.1 MIDDLE EAST & AFRICA: RECESSION IMPACT
11.5.2 MIDDLE EAST
11.5.2.1 Emerging transformative projects in Abu Dabi to drive demand for HVDC technology
11.5.3 AFRICA
11.5.3.1 Investments in modernization of energy infrastructure to drive market
12 COMPETITIVE LANDSCAPE
12.1 INTRODUCTION
12.2 STRATEGIES ADOPTED BY KEY PLAYERS
TABLE 136 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
TABLE 137 KEY GROWTH STRATEGIES ADOPTED BY COMPANIES DURING 2019–2022
12.2.1 ORGANIC/INORGANIC GROWTH STRATEGIES
12.2.2 PRODUCT PORTFOLIO
12.2.3 GEOGRAPHIC PRESENCE
12.2.4 MANUFACTURING AND DISTRIBUTION FOOTPRINT
12.3 MARKET SHARE ANALYSIS, 2022
TABLE 138 MARKET SHARE ANALYSIS OF TOP 5 PLAYERS IN HVDC TRANSMISSION MARKET, 2022
12.4 REVENUE ANALYSIS, 2018–2022
FIGURE 53 REVENUE ANALYSIS OF MAJOR COMPANIES IN HVDC TRANSMISSION MARKET, 2018–2022 (USD BILLION)
12.5 EVALUATION MATRIX FOR MAJOR PLAYERS, 2022
12.5.1 STARS
12.5.2 EMERGING LEADERS
12.5.3 PERVASIVE PLAYERS
12.5.4 PARTICIPANTS
FIGURE 54 HVDC TRANSMISSION MARKET: EVALUATION MATRIX FOR MAJOR PLAYERS, 2022
12.6 EVALUATION MATRIX FOR STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES), 2022
12.6.1 COMPETITIVE BENCHMARKING
TABLE 139 HVDC TRANSMISSION MARKET: DETAILED LIST OF KEY STARTUPS/SMES
TABLE 140 STARTUPS/SMES FOOTPRINT, BY COMPONENT
TABLE 141 STARTUPS/SMES FOOTPRINT, BY APPLICATION
TABLE 142 STARTUPS/SMES FOOTPRINT, BY REGION
12.6.2 PROGRESSIVE COMPANIES
12.6.3 RESPONSIVE COMPANIES
12.6.4 DYNAMIC COMPANIES
12.6.5 STARTING BLOCKS
FIGURE 55 HVDC TRANSMISSION MARKET: EVALUATION MATRIX
FOR STARTUPS/SMES, 2022
12.7 COMPANY FOOTPRINT
TABLE 143 OVERALL COMPANY FOOTPRINT
TABLE 144 COMPANY COMPONENT FOOTPRINT
TABLE 145 COMPANY APPLICATION FOOTPRINT
TABLE 146 COMPANY REGION FOOTPRINT
12.8 COMPETITIVE SCENARIOS AND TRENDS
12.8.1 DEALS
TABLE 147 HVDC TRANSMISSION MARKET: DEALS, 2019–2023
13 COMPANY PROFILES
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
13.1 INTRODUCTION
13.2 KEY PLAYERS
13.2.1 HITACHI, LTD.
TABLE 148 HITACHI, LTD.: COMPANY OVERVIEW
FIGURE 56 HITACHI, LTD.: COMPANY SNAPSHOT
TABLE 149 HITACHI, LTD.: DEALS
13.2.2 SIEMENS ENERGY
TABLE 150 SIEMENS ENERGY: COMPANY OVERVIEW
FIGURE 57 SIEMENS ENERGY: COMPANY SNAPSHOT
TABLE 151 SIEMENS ENERGY: DEALS
13.2.3 MITSUBISHI ELECTRIC CORPORATION
TABLE 152 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW
FIGURE 58 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
TABLE 153 MITSUBISHI ELECTRIC CORPORATION: DEALS
13.2.4 GENERAL ELECTRIC
TABLE 154 GENERAL ELECTRIC: COMPANY OVERVIEW
FIGURE 59 GENERAL ELECTRIC: COMPANY SNAPSHOT
TABLE 155 GENERAL ELECTRIC: DEALS
13.2.5 PRYSMIAN GROUP
TABLE 156 PRYSMIAN GROUP: COMPANY OVERVIEW
FIGURE 60 PRYSMIAN GROUP: COMPANY SNAPSHOT
TABLE 157 PRYSMIAN GROUP: DEALS
13.2.6 TOSHIBA CORPORATION
TABLE 158 TOSHIBA CORPORATION: COMPANY OVERVIEW
FIGURE 61 TOSHIBA CORPORATION: COMPANY SNAPSHOT
TABLE 159 TOSHIBA CORPORATION: DEALS
13.2.7 NKT A/S
TABLE 160 NKT A/S: COMPANY OVERVIEW
FIGURE 62 NKT A/S: COMPANY SNAPSHOT
TABLE 161 NKT A/S: DEALS
13.2.8 NEXANS
TABLE 162 NEXANS: COMPANY OVERVIEW
FIGURE 63 NEXANS: COMPANY SNAPSHOT
TABLE 163 NEXANS: DEALS
13.2.9 LS ELECTRIC CO., LTD.
TABLE 164 LS ELECTRIC CO., LTD.: COMPANY OVERVIEW
FIGURE 64 LS ELECTRIC CO., LTD.: COMPANY SNAPSHOT
13.2.10 NR ELECTRIC CO., LTD.
TABLE 165 NR ELECTRIC CO., LTD.: COMPANY OVERVIEW
13.3 OTHER PLAYERS
13.3.1 SUMITOMO ELECTRIC INDUSTRIES, LTD.
13.3.2 ZAPOROZHTRANSFORMATOR
13.3.3 ALSTOM GRID (GE GRID SOLUTIONS)
13.3.4 TAIHAN
13.3.5 AMERICAN SUPERCONDUCTOR
13.3.6 ZTT GROUP
13.3.7 TBEA CO., LTD.
13.3.8 EFACEC
13.3.9 SIEYUAN ELECTRIC CO., LTD.
13.3.10 XJ ELECTRIC CO., LTD.
13.3.11 BAODING TIANWEI BAOBIAN ELECTRIC CO., LTD.
13.3.12 CG POWER & INDUSTRIAL SOLUTIONS LTD.
13.3.13 SGB SMIT
13.3.14 C-EPRI ELECTRIC POWER ENGINEERING CO., LTD.
13.3.15 HYOSUNG HEAVY INDUSTRIES
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
14 APPENDIX
14.1 INSIGHTS FROM INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.4 CUSTOMIZATION OPTIONS
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS
