High Voltage Direct Current Transmission Systems Market Demand Key Growth Opportunities. Development

High Voltage Direct Current Transmission Systems Market size was valued at USD 16 billion in 2021 and is estimated to reach an expected value of USD 27 billion by 2030, registering a CAGR of 6.2% during the forecast period (2022-2030). Bulk electric power transmission over great distances uses high-voltage direct current cable. A conductor and insulator make up a cable, which can be run on land or in the sea. Compared to alternating current (AC) cables, which are more frequently used, high voltage direct current (HVDC) cables are a better option for transferring electricity over long distances. These cables are primarily used to supply energy to oil and gas facilities like floating production storage and offloading and other platforms located in or near the ocean. They have significant advantages over traditional cables.

The development of smart cities and increasing urbanisation will become the main market growth drivers. The market value will be further harmed by expanding industrialisation and increased demand for efficient ways to distribute electricity over vast distances. Growing demand for voltage source converters, a trend toward renewable energy sources, and an increase in production units, particularly in developing nations, will all contribute to the market's expansion. However, short circuits in the AC power infrastructure will prevent the market from expanding. The proportion of distributed and off-grid power generation is rising, which will slow the market's development pace even more. The complexity of multi-terminal systems is another another barrier to commercial expansion. This market study on high voltage direct current (HVDC) transmission

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High Voltage Direct Current Transmission Systems Market: Segment Analysis

Global High Voltage Direct Current Transmission Systems Market: Major Players

Toshiba

NKT

Mitsubishi Electric

ABB

Sumitomo Electric

XD Group

LSIS

Siemens

Nexans

NR Electric

C-EPRI Electric

Prysmian Group

GE Grid Solutions

Global High Voltage Direct Current Transmission Systems Market: By Types

Less than 500 MW

Between 501 MW-2000 MW

Above 2001 MW

Global High Voltage Direct Current Transmission Systems Market: By Applications

Subsea Transmission

Underground Transmission

Overhead Transmission

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors

• Provision of market value (USD Billion) data for each segment and sub-segment

• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis

• Provides insight into the market through Value Chain

• Market dynamics scenario, along with growth opportunities of the market in the years to come

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