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The global High Voltage Direct Current (HVDC) Transmission System market was valued at US$ 9179.3 million in 2022 and is projected to reach US$ 11580 million by 2029, at a CAGR of 3.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
HVDC 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 61 Hz. This improves the stability and economy of each grid, by allowing exchange of power between incompatible networks.
This report aims to provide a comprehensive presentation of the global market for High Voltage Direct Current (HVDC) Transmission System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding High Voltage Direct Current (HVDC) Transmission System. This report contains market size and forecasts of High Voltage Direct Current (HVDC) Transmission System in global, including the following market information:
Global High Voltage Direct Current (HVDC) Transmission System Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global High Voltage Direct Current (HVDC) Transmission System Market Sales, 2018-2023, 2024-2032, (K Units)
Global top five High Voltage Direct Current (HVDC) Transmission System companies in 2022 (%)
Global HVDC transmission system key players include ABB, Siemens, XD Group, NR Electric, GE Grid Solution, etc. Global top 5 manufacturers hold a share about 57%. China is the largest market, with a share about 46%, followed by Europe, with a share about 18 percent.
We surveyed the High Voltage Direct Current (HVDC) Transmission System manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Chapter 1: Introduces the definition of High Voltage Direct Current (HVDC) Transmission System, market overview.
Chapter 2: Global High Voltage Direct Current (HVDC) Transmission System market size in revenue and volume.
Chapter 3: Detailed analysis of High Voltage Direct Current (HVDC) Transmission System manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of High Voltage Direct Current (HVDC) Transmission System in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global High Voltage Direct Current (HVDC) Transmission System capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.