The High Voltage Direct Current (HVDC) Transmission System Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the High Voltage Direct Current (HVDC) Transmission System Market?
The market size for the high voltage direct current (HVDC) transmission system has seen substantial growth in the past few years. The market size is projected to increase from $11.7 billion in 2024 to $12.95 billion in 2025, with a compound annual growth rate (CAGR) of 10.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the High Voltage Direct Current (HVDC) Transmission System Industry?
The global market for high voltage direct current (HVDC) transmission systems is predicted to expand to $19.27 billion by 2029, with a compound annual growth rate (CAGR) of 10.4%.
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What are the Key Growth Drivers Fueling the High Voltage Direct Current (HVDC) Transmission System Market?
The key drivers in the high voltage direct current (hvdc) transmission system market are:
• Growing integration of renewable energy sources
• Advancements in smart grid technology
• Enhanced focus on grid resilience and reliability
• Increase in cross-border grid interconnections and transportation electrification
Global Market Segmentation: Identifying Major High Voltage Direct Current (HVDC) Transmission System Industry Segments
The high voltage direct current (HVDC) transmission system market covered in this report is segmented –
1) By Type: Monopolar, Bipolar, Homopolar, Back To Back, Multi-Terminal
2) By Technology: Line-Commutated Converters (LCC), Voltage-Source Converters (VSC), Capacitor Commutated Converters (CCC)
3) By Capacity: Upto 400 kV, 401-800 kV, 800 kV Above
4) By Deployment: Overhead, Underground, Subsea, Combination
5) By Application: Interconnecting Grids, Infeed Urban Areas, Connecting Offshore Wind, Other Applications
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What are the Emerging Trends Shaping the Future of the High Voltage Direct Current (HVDC) Transmission System Market?
The key trends in the high voltage direct current (hvdc) transmission system market are:
• Digitalization and control systems are emerging trends in the High Voltage Direct Current (HVDC) transmission system market.
• There are advancements in HVDC technology shaping the future of the market.
• The integration of energy storage is becoming a key trend.
• The market is currently influenced by the rise of grid interconnection, cross-border transmission, and electrification of transportation.
Who Are the Top Competitors & Leading Players in the High Voltage Direct Current (HVDC) Transmission System Market?
Major companies in the high voltage direct current (hvdc) transmission system market are:
• Siemens AG
• General Electric Company
• Mitsubishi Electric Corporation
• Schneider Electric SE
• ABB Ltd
• Prysmian S.p.A.
• TBEA Co., Ltd.
• Nexans SA
• Toshiba Energy Systems & Solutions Corporation
• China Electric Power Equipment and Technology Co., Ltd.
• ATCO Ltd.
• LS Electric Co. Ltd.
• Bharat Heavy Electricals Ltd.
• Jiangnan Group Limited
• China XD Group
• Hyosung Heavy Industries Corporation
• XJ Electric Co., Ltd.
• Adani Transmission
• NKT A/S
• NR Electric Co. Ltd.
• Rongxin Power Electronic Co., Ltd.
• American Superconductor Corporation
• Hitachi Energy
• Furukawa Electric Co. Ltd.
• TransGrid Solutions Inc.
• C-EPRI Electric Power Engineering Co. Ltd.
• Alstom SA
• TransWest Express LLC
• CTC Global Corporation
• VSC Technologies AG
Regional Dominance: Which Area Leads the Global Template Market?
Europe was the largest region in the global high voltage direct current (HVDC) transmission system market in 2024
