Global HVDC Transmissions System Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

Segmented by System Component;

Solution and Services.

Segmented by Deployment;

Overhead, Underground, Subsea and Combination.

Segmented by Technology;

LCC (Line Commutated Converters) , VSC (Voltage Source Converters) and Others.

Segmented by Power Rating;

Below 1000 MWs, 1001-2000 MWs and Above 2000 MWs.

Segmented by Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn443281259 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global HVDC Transmissions System Market (USD Million), 2020 - 2030

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
# Global Market (USD Million), 2020 - 2030
2020 78.5
2021 92.5
2022 110.8
2023 130.3
2024 151.9
2025 182.0
2026 206.9
2027 210.9
2028 242.5
2029 273.1
2030 323.6

In the year 2023, the Global HVDC Transmissions System Market was valued at USD 11,318.33 million. The size of this market is expected to increase to USD 19,906.15 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 8.4%.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By System Component
    2. Market Snapshot, By Deployment
    3. Market Snapshot, By Technology
    4. Market Snapshot, By Power Rating
    5. Market Snapshot, By Region
    6. Market Opportunity Map
  4. Global HVDC Transmissions System Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
      2. Restraints
      3. Opportunities
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bragaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Industry Rivalry
  5. Market Segmentation
    1. Global HVDC Transmissions System Market, By System Component, 2022 - 2032 (USD Million)
      1. Introduction
      2. Market Share Analysis, 2024 and 2030 (%)
      3. Y-o-Y Growth Analysis, 2021 - 2030
      4. Segment Trends
        1. Solution
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        2. Services
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
    2. Global HVDC Transmissions System Market, By Deployment, 2022 - 2032 (USD Million)
      1. Introduction
      2. Market Share Analysis, 2024 and 2030 (%)
      3. Y-o-Y Growth Analysis, 2021 - 2030
      4. Segment Trends
        1. Overhead
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        2. Underground
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        3. Subsea
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        4. Combination
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
    3. Global HVDC Transmissions System Market, By Technology, 2022 - 2032 (USD Million)
      1. Introduction
      2. Market Share Analysis, 2024 and 2030 (%)
      3. Y-o-Y Growth Analysis, 2021 - 2030
      4. Segment Trends
        1. LCC (Line Commutated Converters)
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        2. VSC (Voltage Source Converters)
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        3. Others
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
    4. Global HVDC Transmissions System Market, By Power Rating, 2022 - 2032 (USD Million)
      1. Introduction
      2. Market Share Analysis, 2024 and 2030 (%)
      3. Y-o-Y Growth Analysis, 2021 - 2030
      4. Segment Trends
        1. Below 1000 MWs
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        2. 1001-2000 MWs
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        3. Above 2000 MWs
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
    5. Global HVDC Transmissions System Market, By Geography, 2022 - 2032 (USD Million)
      1. Introduction
      2. Market Share Analysis, 2024 and 2030 (%)
      3. Y-o-Y Growth Analysis, 2021 - 2030
      4. Regional Trends
        1. North America
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, By System Component, 2020 - 2030 (USD Million)
          3. Market Size and Forecast, and Y-o-Y Growth, By Deployment, 2020 - 2030 (USD Million)
          4. Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020 - 2030 (USD Million)
          5. Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2020 - 2030 (USD Million)
            1. United States
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By System Component, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Deployment, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2020 - 2030 (USD Million)
            2. Canada
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By System Component, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Deployment, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2020 - 2030 (USD Million)
        2. Europe
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, By System Component, 2020 - 2030 (USD Million)
          3. Market Size and Forecast, and Y-o-Y Growth, By Deployment, 2020 - 2030 (USD Million)
          4. Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020 - 2030 (USD Million)
          5. Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2020 - 2030 (USD Million)
            1. Germany
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By System Component, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Deployment, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2020 - 2030 (USD Million)
            2. United Kingdom
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By System Component, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Deployment, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2020 - 2030 (USD Million)
            3. France
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By System Component, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Deployment, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2020 - 2030 (USD Million)
            4. Italy
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By System Component, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Deployment, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2020 - 2030 (USD Million)
            5. Spain
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By System Component, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Deployment, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2020 - 2030 (USD Million)
            6. Rest of Europe
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By System Component, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Deployment, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2020 - 2030 (USD Million)
        3. Asia Pacific
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, By System Component, 2020 - 2030 (USD Million)
          3. Market Size and Forecast, and Y-o-Y Growth, By Deployment, 2020 - 2030 (USD Million)
          4. Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020 - 2030 (USD Million)
          5. Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2020 - 2030 (USD Million)
            1. Japan
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By System Component, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Deployment, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2020 - 2030 (USD Million)
            2. China
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By System Component, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Deployment, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2020 - 2030 (USD Million)
            3. India
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By System Component, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Deployment, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2020 - 2030 (USD Million)
            4. Australia & New Zealand
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By System Component, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Deployment, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2020 - 2030 (USD Million)
            5. South Korea
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By System Component, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Deployment, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2020 - 2030 (USD Million)
            6. ASEAN (Association of South East Asian Countries)
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By System Component, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Deployment, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2020 - 2030 (USD Million)
            7. Rest of Asia Pacific
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By System Component, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Deployment, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2020 - 2030 (USD Million)
        4. Middle East & Africa
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, By System Component, 2020 - 2030 (USD Million)
          3. Market Size and Forecast, and Y-o-Y Growth, By Deployment, 2020 - 2030 (USD Million)
          4. Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020 - 2030 (USD Million)
          5. Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2020 - 2030 (USD Million)
            1. GCC
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By System Component, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Deployment, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2020 - 2030 (USD Million)
            2. Israel
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By System Component, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Deployment, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2020 - 2030 (USD Million)
            3. South Africa
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By System Component, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Deployment, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2020 - 2030 (USD Million)
            4. Rest of Middle East & Africa
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By System Component, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Deployment, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2020 - 2030 (USD Million)
        5. Latin America
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, By System Component, 2020 - 2030 (USD Million)
          3. Market Size and Forecast, and Y-o-Y Growth, By Deployment, 2020 - 2030 (USD Million)
          4. Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020 - 2030 (USD Million)
          5. Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2020 - 2030 (USD Million)
            1. Brazil
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By System Component, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Deployment, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2020 - 2030 (USD Million)
            2. Mexico
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By System Component, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Deployment, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2020 - 2030 (USD Million)
            3. Argentina
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By System Component, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Deployment, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2020 - 2030 (USD Million)
            4. Rest of Latin America
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By System Component, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Deployment, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Technology, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2020 - 2030 (USD Million)
  6. Competitive Landscape
    1. Heat Map Analysis
    2. Company Profiles
      1. ABB Ltd.
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      2. Siemens AG
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      3. Toshiba Corporation
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      4. General Electric
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      5. Mitsubishi Electric Corporation
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      6. Prysmian SpA
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      7. TransGrid Solutions Inc.
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      8. Abengoa S.A.
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      9. ATCO Ltd.
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      10. LS Industrial Systems Co., Ltd.
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
  7. Analyst Views
  8. Future Outlook of the Market

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