HVDC Transmission Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global HVDC transmission systems market size reached US$ 10.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.7 Billion by 2028, exhibiting a growth rate (CAGR) of 9.11% during 2023-2028.
The high voltage direct current (HVDC) transmission system relies on direct current (DC) to transmit power in long distances. It comprises a converter, rectifier, inverter, electrodes, smoothing reactors, direct current (DC) lines, harmonic filters, reactive power supplies, and alternate current (AC) circuit breakers. It is widely used in modern power transmission due to its simple constructional feature and less complexity. It provides efficient and economical transmission of power while meeting the requirements of growing load demands. In addition, it assists in transmitting bulk power while reducing power losses. Apart from this, it helps transfer power through submarine cables without voltage fluctuations.
HVDC Transmission Systems Market Trends:
The growing utilization of HVDC transmission systems for bulk power transmission, interconnecting grids, and in-feed urban areas represents one of the key factors driving the market. Besides this, there is a rise in the demand for cable-based transmission compared to overhead transmission lines across the globe. This, along with the burgeoning electrical industry, is contributing to the growth of the market. Moreover, the increasing development of smart cities to use smart technologies for managing assets and resources is offering lucrative growth opportunities to industry investors. In addition, the growing demand for cost-effective solutions for long-distance power transmission is positively influencing the market. Apart from this, there is an increase in the demand for valves and circuit breakers to break the circuit and stop the current flow when the current exceeds a predetermined value without causing damage to the circuit. This, coupled with the expansion of submarine power transmission systems, is catalyzing the demand for HVDC transmission systems. Additionally, the escalating demand for renewable sources of energy to reduce greenhouse gas emissions and air pollution is bolstering the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global HVDC transmission systems market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, transmission type, technology, project type and application.
Breakup by Component:
Converter Stations
Transmission Medium (Cables)
Breakup by Transmission Type:
Submarine HVDC Transmission System
HVDC Overhead Transmission System
HVDC Underground Transmission System
Breakup by Technology:
Capacitor Commutated Converter (CCC)
Voltage Source Converter (VSC)
Line Commutated Converter (LCC)
Breakup by Project Type:
Point-to-Point
Back-to-Back
Multi-terminal
Breakup by Application:
Bulk Power Transmission
Interconnecting Grids
Infeed Urban Areas
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., General Electric Company, Hitachi Ltd., LS ELECTRIC Co. Ltd., Mitsubishi Electric Corporation, Nexans S.A., NKT A/S, NR Electric Co. Ltd., Prysmian Group, Siemens AG and Toshiba Corporation.
Key Questions Answered in This Report
1. What was the size of the global HVDC transmission systems market in 2022?
2. What is the expected growth rate of the global HVDC transmission systems market during 2023-2028?
3. What are the key factors driving the global HVDC transmission systems market?
4. What has been the impact of COVID-19 on the global HVDC transmission systems market?
5. What is the breakup of the global HVDC transmission systems market based on the component?
6. What is the breakup of the global HVDC transmission systems market based on the transmission type?
7. What are the key regions in the global HVDC transmission systems market?
8. Who are the key players/companies in the global HVDC transmission systems market?
The high voltage direct current (HVDC) transmission system relies on direct current (DC) to transmit power in long distances. It comprises a converter, rectifier, inverter, electrodes, smoothing reactors, direct current (DC) lines, harmonic filters, reactive power supplies, and alternate current (AC) circuit breakers. It is widely used in modern power transmission due to its simple constructional feature and less complexity. It provides efficient and economical transmission of power while meeting the requirements of growing load demands. In addition, it assists in transmitting bulk power while reducing power losses. Apart from this, it helps transfer power through submarine cables without voltage fluctuations.
HVDC Transmission Systems Market Trends:
The growing utilization of HVDC transmission systems for bulk power transmission, interconnecting grids, and in-feed urban areas represents one of the key factors driving the market. Besides this, there is a rise in the demand for cable-based transmission compared to overhead transmission lines across the globe. This, along with the burgeoning electrical industry, is contributing to the growth of the market. Moreover, the increasing development of smart cities to use smart technologies for managing assets and resources is offering lucrative growth opportunities to industry investors. In addition, the growing demand for cost-effective solutions for long-distance power transmission is positively influencing the market. Apart from this, there is an increase in the demand for valves and circuit breakers to break the circuit and stop the current flow when the current exceeds a predetermined value without causing damage to the circuit. This, coupled with the expansion of submarine power transmission systems, is catalyzing the demand for HVDC transmission systems. Additionally, the escalating demand for renewable sources of energy to reduce greenhouse gas emissions and air pollution is bolstering the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global HVDC transmission systems market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, transmission type, technology, project type and application.
Breakup by Component:
Converter Stations
Transmission Medium (Cables)
Breakup by Transmission Type:
Submarine HVDC Transmission System
HVDC Overhead Transmission System
HVDC Underground Transmission System
Breakup by Technology:
Capacitor Commutated Converter (CCC)
Voltage Source Converter (VSC)
Line Commutated Converter (LCC)
Breakup by Project Type:
Point-to-Point
Back-to-Back
Multi-terminal
Breakup by Application:
Bulk Power Transmission
Interconnecting Grids
Infeed Urban Areas
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., General Electric Company, Hitachi Ltd., LS ELECTRIC Co. Ltd., Mitsubishi Electric Corporation, Nexans S.A., NKT A/S, NR Electric Co. Ltd., Prysmian Group, Siemens AG and Toshiba Corporation.
Key Questions Answered in This Report
1. What was the size of the global HVDC transmission systems market in 2022?
2. What is the expected growth rate of the global HVDC transmission systems market during 2023-2028?
3. What are the key factors driving the global HVDC transmission systems market?
4. What has been the impact of COVID-19 on the global HVDC transmission systems market?
5. What is the breakup of the global HVDC transmission systems market based on the component?
6. What is the breakup of the global HVDC transmission systems market based on the transmission type?
7. What are the key regions in the global HVDC transmission systems market?
8. Who are the key players/companies in the global HVDC transmission systems market?
1 PREFACE
2 SCOPE AND METHODOLOGY
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1 Overview
4.2 Key Industry Trends
5 GLOBAL HVDC TRANSMISSION SYSTEMS MARKET
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 MARKET BREAKUP BY COMPONENT
6.1 Converter Stations
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Transmission Medium (Cables)
6.2.1 Market Trends
6.2.2 Market Forecast
7 MARKET BREAKUP BY TRANSMISSION TYPE
7.1 Submarine HVDC Transmission System
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 HVDC Overhead Transmission System
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 HVDC Underground Transmission System
7.3.1 Market Trends
7.3.2 Market Forecast
8 MARKET BREAKUP BY TECHNOLOGY
8.1 Capacitor Commutated Converter (CCC)
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Voltage Source Converter (VSC)
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Line Commutated Converter (LCC)
8.3.1 Market Trends
8.3.2 Market Forecast
9 MARKET BREAKUP BY PROJECT TYPE
9.1 Point-to-Point
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Back-to-Back
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Multi-terminal
9.3.1 Market Trends
9.3.2 Market Forecast
10 MARKET BREAKUP BY APPLICATION
10.1 Bulk Power Transmission
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Interconnecting Grids
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Infeed Urban Areas
10.3.1 Market Trends
10.3.2 Market Forecast
11 MARKET BREAKUP BY REGION
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia-Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT ANALYSIS
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 VALUE CHAIN ANALYSIS
14 PORTERS FIVE FORCES ANALYSIS
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 PRICE ANALYSIS
16 COMPETITIVE LANDSCAPE
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 ABB Ltd.
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 Financials
16.3.1.4 SWOT Analysis
16.3.2 General Electric Company
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Financials
16.3.2.4 SWOT Analysis
16.3.3 Hitachi Ltd.
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Financials
16.3.3.4 SWOT Analysis
16.3.4 LS ELECTRIC Co. Ltd.
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 Financials
16.3.4.4 SWOT Analysis
16.3.5 Mitsubishi Electric Corporation
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Financials
16.3.5.4 SWOT Analysis
16.3.6 Nexans S.A.
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Financials
16.3.6.4 SWOT Analysis
16.3.7 NKT A/S
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.8 NR Electric Co. Ltd.
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.9 Prysmian Group
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Financials
16.3.9.4 SWOT Analysis
16.3.10 Siemens AG
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.10.3 Financials
16.3.10.4 SWOT Analysis
16.3.11 Toshiba Corporation
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.11.3 Financials
16.3.11.4 SWOT Analysis
2 SCOPE AND METHODOLOGY
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1 Overview
4.2 Key Industry Trends
5 GLOBAL HVDC TRANSMISSION SYSTEMS MARKET
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 MARKET BREAKUP BY COMPONENT
6.1 Converter Stations
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Transmission Medium (Cables)
6.2.1 Market Trends
6.2.2 Market Forecast
7 MARKET BREAKUP BY TRANSMISSION TYPE
7.1 Submarine HVDC Transmission System
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 HVDC Overhead Transmission System
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 HVDC Underground Transmission System
7.3.1 Market Trends
7.3.2 Market Forecast
8 MARKET BREAKUP BY TECHNOLOGY
8.1 Capacitor Commutated Converter (CCC)
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Voltage Source Converter (VSC)
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Line Commutated Converter (LCC)
8.3.1 Market Trends
8.3.2 Market Forecast
9 MARKET BREAKUP BY PROJECT TYPE
9.1 Point-to-Point
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Back-to-Back
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Multi-terminal
9.3.1 Market Trends
9.3.2 Market Forecast
10 MARKET BREAKUP BY APPLICATION
10.1 Bulk Power Transmission
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Interconnecting Grids
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Infeed Urban Areas
10.3.1 Market Trends
10.3.2 Market Forecast
11 MARKET BREAKUP BY REGION
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia-Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT ANALYSIS
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 VALUE CHAIN ANALYSIS
14 PORTERS FIVE FORCES ANALYSIS
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 PRICE ANALYSIS
16 COMPETITIVE LANDSCAPE
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 ABB Ltd.
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 Financials
16.3.1.4 SWOT Analysis
16.3.2 General Electric Company
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Financials
16.3.2.4 SWOT Analysis
16.3.3 Hitachi Ltd.
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Financials
16.3.3.4 SWOT Analysis
16.3.4 LS ELECTRIC Co. Ltd.
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 Financials
16.3.4.4 SWOT Analysis
16.3.5 Mitsubishi Electric Corporation
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Financials
16.3.5.4 SWOT Analysis
16.3.6 Nexans S.A.
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Financials
16.3.6.4 SWOT Analysis
16.3.7 NKT A/S
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.8 NR Electric Co. Ltd.
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.9 Prysmian Group
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Financials
16.3.9.4 SWOT Analysis
16.3.10 Siemens AG
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.10.3 Financials
16.3.10.4 SWOT Analysis
16.3.11 Toshiba Corporation
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.11.3 Financials
16.3.11.4 SWOT Analysis
LIST OF TABLES
Table 1: Global: HVDC Transmission Systems Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: HVDC Transmission Systems Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: HVDC Transmission Systems Market Forecast: Breakup by Transmission Type (in Million US$), 2023-2028
Table 4: Global: HVDC Transmission Systems Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 5: Global: HVDC Transmission Systems Market Forecast: Breakup by Project Type (in Million US$), 2023-2028
Table 6: Global: HVDC Transmission Systems Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 7: Global: HVDC Transmission Systems Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: HVDC Transmission Systems Market: Competitive Structure
Table 9: Global: HVDC Transmission Systems Market: Key Players
Table 1: Global: HVDC Transmission Systems Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: HVDC Transmission Systems Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: HVDC Transmission Systems Market Forecast: Breakup by Transmission Type (in Million US$), 2023-2028
Table 4: Global: HVDC Transmission Systems Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 5: Global: HVDC Transmission Systems Market Forecast: Breakup by Project Type (in Million US$), 2023-2028
Table 6: Global: HVDC Transmission Systems Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 7: Global: HVDC Transmission Systems Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: HVDC Transmission Systems Market: Competitive Structure
Table 9: Global: HVDC Transmission Systems Market: Key Players
LIST OF FIGURES
Figure 1: Global: HVDC Transmission Systems Market: Major Drivers and Challenges
Figure 2: Global: HVDC Transmission Systems Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: HVDC Transmission Systems Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: HVDC Transmission Systems Market: Breakup by Component (in %), 2022
Figure 5: Global: HVDC Transmission Systems Market: Breakup by Transmission Type (in %), 2022
Figure 6: Global: HVDC Transmission Systems Market: Breakup by Technology (in %), 2022
Figure 7: Global: HVDC Transmission Systems Market: Breakup by Project Type (in %), 2022
Figure 8: Global: HVDC Transmission Systems Market: Breakup by Application (in %), 2022
Figure 9: Global: HVDC Transmission Systems Market: Breakup by Region (in %), 2022
Figure 10: Global: HVDC Transmission Systems (Converter Stations) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: HVDC Transmission Systems (Converter Stations) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: HVDC Transmission Systems (Transmission Medium-Cables) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: HVDC Transmission Systems (Transmission Medium-Cables) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: HVDC Transmission Systems (Submarine HVDC Transmission System) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: HVDC Transmission Systems (Submarine HVDC Transmission System) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: HVDC Transmission Systems (HVDC Overhead Transmission System) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: HVDC Transmission Systems (HVDC Overhead Transmission System) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: HVDC Transmission Systems (HVDC Underground Transmission System) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: HVDC Transmission Systems (HVDC Underground Transmission System) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: HVDC Transmission Systems (Capacitor Commutated Converter-CCC) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: HVDC Transmission Systems (Capacitor Commutated Converter-CCC) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: HVDC Transmission Systems (Voltage Source Converter-VSC) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: HVDC Transmission Systems (Voltage Source Converter-VSC) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: HVDC Transmission Systems (Line Commutated Converter -LCC) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: HVDC Transmission Systems (Line Commutated Converter -LCC) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: HVDC Transmission Systems (Point-to-Point) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: HVDC Transmission Systems (Point-to-Point) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: HVDC Transmission Systems (Back-to-Back) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: HVDC Transmission Systems (Back-to-Back) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: HVDC Transmission Systems (Multi-terminal) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: HVDC Transmission Systems (Multi-terminal) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: HVDC Transmission Systems (Bulk Power Transmission) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: HVDC Transmission Systems (Bulk Power Transmission) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: HVDC Transmission Systems (Interconnecting Grids) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: HVDC Transmission Systems (Interconnecting Grids) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: HVDC Transmission Systems (Infeed Urban Areas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: HVDC Transmission Systems (Infeed Urban Areas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: North America: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: North America: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: United States: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: United States: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Canada: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Canada: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Asia-Pacific: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Asia-Pacific: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: China: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: China: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Japan: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Japan: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: India: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: India: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: South Korea: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: South Korea: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Australia: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Australia: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Indonesia: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Indonesia: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Others: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Others: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Europe: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Europe: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Germany: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Germany: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: France: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: France: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: United Kingdom: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: United Kingdom: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Italy: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Italy: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Spain: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Spain: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Russia: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Russia: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Others: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Others: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Latin America: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Latin America: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Brazil: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Brazil: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Mexico: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Mexico: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Others: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Others: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Middle East and Africa: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Middle East and Africa: HVDC Transmission Systems Market: Breakup by Country (in %), 2022
Figure 86: Middle East and Africa: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Global: HVDC Transmission Systems Industry: SWOT Analysis
Figure 88: Global: HVDC Transmission Systems Industry: Value Chain Analysis
Figure 89: Global: HVDC Transmission Systems Industry: Porter's Five Forces Analysis
Figure 1: Global: HVDC Transmission Systems Market: Major Drivers and Challenges
Figure 2: Global: HVDC Transmission Systems Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: HVDC Transmission Systems Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: HVDC Transmission Systems Market: Breakup by Component (in %), 2022
Figure 5: Global: HVDC Transmission Systems Market: Breakup by Transmission Type (in %), 2022
Figure 6: Global: HVDC Transmission Systems Market: Breakup by Technology (in %), 2022
Figure 7: Global: HVDC Transmission Systems Market: Breakup by Project Type (in %), 2022
Figure 8: Global: HVDC Transmission Systems Market: Breakup by Application (in %), 2022
Figure 9: Global: HVDC Transmission Systems Market: Breakup by Region (in %), 2022
Figure 10: Global: HVDC Transmission Systems (Converter Stations) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: HVDC Transmission Systems (Converter Stations) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: HVDC Transmission Systems (Transmission Medium-Cables) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: HVDC Transmission Systems (Transmission Medium-Cables) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: HVDC Transmission Systems (Submarine HVDC Transmission System) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: HVDC Transmission Systems (Submarine HVDC Transmission System) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: HVDC Transmission Systems (HVDC Overhead Transmission System) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: HVDC Transmission Systems (HVDC Overhead Transmission System) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: HVDC Transmission Systems (HVDC Underground Transmission System) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: HVDC Transmission Systems (HVDC Underground Transmission System) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: HVDC Transmission Systems (Capacitor Commutated Converter-CCC) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: HVDC Transmission Systems (Capacitor Commutated Converter-CCC) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: HVDC Transmission Systems (Voltage Source Converter-VSC) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: HVDC Transmission Systems (Voltage Source Converter-VSC) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: HVDC Transmission Systems (Line Commutated Converter -LCC) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: HVDC Transmission Systems (Line Commutated Converter -LCC) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: HVDC Transmission Systems (Point-to-Point) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: HVDC Transmission Systems (Point-to-Point) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: HVDC Transmission Systems (Back-to-Back) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: HVDC Transmission Systems (Back-to-Back) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: HVDC Transmission Systems (Multi-terminal) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: HVDC Transmission Systems (Multi-terminal) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: HVDC Transmission Systems (Bulk Power Transmission) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: HVDC Transmission Systems (Bulk Power Transmission) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: HVDC Transmission Systems (Interconnecting Grids) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: HVDC Transmission Systems (Interconnecting Grids) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: HVDC Transmission Systems (Infeed Urban Areas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: HVDC Transmission Systems (Infeed Urban Areas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: North America: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: North America: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: United States: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: United States: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Canada: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Canada: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Asia-Pacific: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Asia-Pacific: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: China: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: China: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Japan: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Japan: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: India: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: India: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: South Korea: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: South Korea: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Australia: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Australia: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Indonesia: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Indonesia: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Others: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Others: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Europe: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Europe: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Germany: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Germany: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: France: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: France: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: United Kingdom: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: United Kingdom: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Italy: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Italy: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Spain: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Spain: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Russia: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Russia: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Others: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Others: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Latin America: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Latin America: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Brazil: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Brazil: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Mexico: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Mexico: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Others: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Others: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Middle East and Africa: HVDC Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Middle East and Africa: HVDC Transmission Systems Market: Breakup by Country (in %), 2022
Figure 86: Middle East and Africa: HVDC Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Global: HVDC Transmission Systems Industry: SWOT Analysis
Figure 88: Global: HVDC Transmission Systems Industry: Value Chain Analysis
Figure 89: Global: HVDC Transmission Systems Industry: Porter's Five Forces Analysis
