Global High Voltage Direct Current Electric Power Transmission System Market 2023 by Company, Regions, Type and Application, Forecast to 2029

According to our (Global Info Research) latest study, the global High Voltage Direct Current Electric Power Transmission System market size was valued at USD 10050 million in 2022 and is forecast to a readjusted size of USD 15730 million by 2029 with a CAGR of 6.6% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The key service providers of the High Voltage Direct Current Electric Power Transmission System in the world are Hitachi Energy, Siemens, Prysmian Group, XD Group, GE Grid Solution, TBEA, Xuji Group and Nexans, among which the top three service providers account for more than 50% of the market share, and Hitachi Energy is the largest service provider. The global high voltage direct current electric power transmission system services are mainly distributed in North America, Europe, China and Japan, among which the market share of the top three regions is close to 90%. At present, China is the largest service provider region, followed by Europe. In terms of its service type, the growth rate of systems with voltage above 800KV is relatively fast. At present, the market share of systems with voltage less than 400KV is the highest, more than 50%, followed by systems with voltage between 400KV and 800KV. In terms of its application, overhead transmission is the largest application field, with a market share of more than 70%, followed by subsea transmission and underground transmission.
High Voltage Direct Current Electric Power Transmission System uses direct current for the bulk transmission of electrical power, in contrast with the more common alternating current (AC) systems. For long-distance transmission, HVDC systems may be less expensive and suffer lower electrical losses. For underwater power cables, HVDC avoids the heavy currents required to charge and discharge the cable capacitance each cycle. For shorter distances, the higher cost of DC conversion equipment compared to an AC system may still be justified, due to other benefits of direct current links.
HVDC allows power transmission between unsynchronized AC transmission systems. Since the power flow through an HVDC link can be controlled independently of the phase angle between source and load, it can stabilize a network against disturbances due to rapid changes in power. HVDC also allows transfer of power between grid systems running at different frequencies, such as 50 Hz and 60 Hz. This improves the stability and economy of each grid, by allowing exchange of power between incompatible networks.
This report is a detailed and comprehensive analysis for global High Voltage Direct Current Electric Power Transmission System market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global High Voltage Direct Current Electric Power Transmission System market size and forecasts, in consumption value ($ Million), 2018-2029
Global High Voltage Direct Current Electric Power Transmission System market size and forecasts by region and country, in consumption value ($ Million), 2018-2029
Global High Voltage Direct Current Electric Power Transmission System market size and forecasts, by Type and by Application, in consumption value ($ Million), 2018-2029
Global High Voltage Direct Current Electric Power Transmission System market shares of main players, in revenue ($ Million), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for High Voltage Direct Current Electric Power Transmission System
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global High Voltage Direct Current Electric Power Transmission System market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Hitachi Energy, Siemens, Prysmian Group, XD Group and GE Grid Solution, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market segmentation
High Voltage Direct Current Electric Power Transmission System market is split by Type and by Application. For the period 2018-2029, the growth among segments provide accurate calculations and forecasts for consumption value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
    Less than 400 KV
    400-800 KV
    Above 800 KV
Market segment by Application
    Subsea Transmission
    Underground Transmission
    Overhead Transmission
Market segment by players, this report covers
    Hitachi Energy
    Siemens
    Prysmian Group
    XD Group
    GE Grid Solution
    TBEA
    Xuji Group
    Nexans
    NKT
    Toshiba Energy Systems & Solutions
    Mitsubishi Electric
    NR Electric
Market segment by regions, regional analysis covers
    North America (United States, Canada, and Mexico)
    Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
    Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
    South America (Brazil, Argentina and Rest of South America)
    Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe High Voltage Direct Current Electric Power Transmission System product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of High Voltage Direct Current Electric Power Transmission System, with revenue, gross margin and global market share of High Voltage Direct Current Electric Power Transmission System from 2018 to 2023.
Chapter 3, the High Voltage Direct Current Electric Power Transmission System competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2018 to 2029.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2018 to 2023.and High Voltage Direct Current Electric Power Transmission System market forecast, by regions, type and application, with consumption value, from 2024 to 2029.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War
Chapter 12, the key raw materials and key suppliers, and industry chain of High Voltage Direct Current Electric Power Transmission System.
Chapter 13, to describe High Voltage Direct Current Electric Power Transmission System research findings and conclusion.