High Voltage Direct Current (HVDC) Transmission Market Trends, Business Overview, Industry Growth and Forecast to 2022-2028

The High Voltage Direct Current (HVDC) Transmission Market size is expected to grow at an annual average of CAGR 7% during the forecast period (2022-2028). High voltage direct current (HVDC) power systems use direct current (DC) to transmit large amounts of power over long distances. HVDC lines can transfer power faster by improving transmission line efficiency. The AC voltage generated at the transmitting end of an AC and DC combined system is converted to DC. In AC transmission, alternating waves of voltage and current travel along a line and change direction every millisecond, resulting in heat loss. Unlike AC lines, voltage and current waves in DC do not change direction. HVDC lines can transfer power faster by improving transmission line efficiency. Above the break-even point, HVDC is cheaper to transmit than HVAC. Compared to HVAC, HVDC transmission lines have lower power dissipation. HVDC has no radiated or induced losses. HVDC has no dielectric loss, which increases the life of the conductor.

The following segmentation are covered in this report:

By Deployment

• Overhead
• Underground
• Subsea
• Combination

By Technology

• LCC
• VSC
• Others

By Power Rating

• Below 1000 MWs
• 1001 to 2000 MWs
• 2001 MWs and above

Company Profile

• Siemens AG
• Toshiba Energy Systems & Solutions Corporation
• General Electric
• Mitsubishi Electric Corporation
• PRYSMIAN GROUP
• TransGrid Solutions.
• ATCO LTD.
• ABB
• LSIS Co. Ltd.
• Hitachi, Ltd.

Scope of the report

The research study analyses the High Voltage Direct Current (HVDC) Transmission Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent developments

• Market overview and growth analysis
• Import and export overview
• Volume analysis
• Current market trends and future outlook
• Market opportunistic and attractive investment segment

Geographic coverage

• North America market size and/or volume
• Latin America market size and/or volume
• Europe market size and/or volume
• Asia-pacific market size and/or volume
• Rest of the world market size and/or volume

Key Questions Answered by High Voltage Direct Current (HVDC) Transmission Market Report

• What was the High Voltage Direct Current (HVDC) Transmission Market size in 2022 and 2028; what are the estimated growth trends and market forecast (2022-2028)
• What will be the High Voltage Direct Current (HVDC) Transmission Market CAGR of Market during the forecast period (2022-2028)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
• Which manufacturer/vendor/players in the High Voltage Direct Current (HVDC) Transmission Market was the market leader in 2022?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.