HVDC Systems Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players Siemens AG, ABB Ltd, Mitsubishi Electric Corporation

Acknowledging the kind of traction gained by this market, recently published a study report asserts the global HVDC Systems Market size is projected to accrue voluminously by 2026 registering a phenomenal CAGR of 11.18% during the review period (2022 to 2027).

HVDC Systems Market Overview

The global power industry is expected to witness tremendous change given the technological advancements from the traditional and conventional transmission and distribution system to efficient transmission lines. One of the prevailing reasons for higher losses from transmission lines is high voltage current getting converted to alternate current.

To upgrade the technological aspects of transmission of power, High Voltage Direct Current HVDC Systems can be used, as they are feasible over conventional High Voltage Alternate Current transmission systems. For instance, HVDC Systems lines for 800 kV long line counts only 3% loss per 1000 km while HVDC Systems lines count 7% loss for the same parameters

Recent Development

GE Researchers Working to Speed Up Certification of Software for Critical Military and Industrial Systems

March 21, 2022 – GE Research, the central technology development arm for the General Electric Company (GE), is leading a $10.5 million project through the Defense Advanced Research Agency’s (DARPA) Automated Rapid Certification of Software (ARCOS) program, to revolutionize the process of certifying software for critical military and industrial systems.

What are the major Applications, Types, and Regions of the HVDC Systems Market?

By Type, it is segmented into

• Point-to-Point Transmission


• Back-to-Back Station


• Multi-Terminal System


• Others

By Applications, it is segmented into

• Point-to-Point Transmission


• Back-to-Back Station


• Multi-Terminal System


• Underground Power Transmission


• Overhead Transmission


• Offshore Power Transmission


• Others

HVDC Systems Market Regional Analysis

The European power generation mix is expected to change considerably in favor of renewables over the next few years, with countries, such as Germany, Spain, Belgium, and France, increasingly moving toward a low-carbon economy. The region also has several policies in place, such as the EU's renewable energy directive and national renewable energy action plans that support the transition to a low-carbon energy system.

The energy transition continues to be an integral part of Germany’s energy landscape with ambitious goals to cut CO2 emissions by 80%, as well as increase the share of renewable energy in the total energy consumption to 60% and 80% of electricity generated from renewable sources by 2050.

•  North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The HVDC Systems Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global HVDC Systems Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our HVDC Systems Market Report Scope?

Scope of the Report covers HVDC Systems Market with detailed analysis of the overall scenario for the market. It also highlights the business participants environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this HVDC Systems Market analysis report as it has vital details to provide about regional markets, expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how worldwide market is working through efficient information graphics.

Key Takeaways from this HVDC Systems Report

• Evaluate HVDC Systems market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the HVDC Systems market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report as your needs.

Frequently Asked Questions

What is the study period of this market?

The HVDC Systems Market is studied from 2017 - 2027.

Who are the key players in HVDC Systems Market?

General Electric Company (NYSE :GE), Siemens Aktiengesellschaft (OTC SIEGY), ABB Ltd, Mitsubishi Electric Corporation, Toshiba Corporation, American Superconductor Corp, Hitachi Ltd, Schneider Electric, Prysmian Group, NR Electric Co, Sumitomo Electric industries, Nexans SA, NKT A/S, LS Industrial Systems Co and Others.

What are the significant types of HVDC Systems Market?

Point-to-Point Transmission, Back-to-Back Station, Multi-Terminal System, Others

What are the major end-use applications of HVDC Systems Market?

Point-to-Point Transmission, Back-to-Back Station, Multi-Terminal System, Underground Power Transmission, Overhead Transmission, Offshore Power Transmission, Other

What segments are covered in the HVDC Systems Market report?

The Global HVDC Systems Market is Segmented on the basic of Product, Application, and Geography.

How can I get a sample report/company profile for the HVDC Systems Market?

The sample report for the HVDC Systems Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.