The HVDC Converter Stations 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 HVDC Converter Stations Market?
The historical growth trend in the HVDC Converter Stations Global Market Report 2025 indicates a robust growth, with a rise from $13.17 billion in 2024 to $14.21 billion in 2025. This equates to a compound annual growth rate (CAGR) of 7.9%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the HVDC Converter Stations Industry?
The HVDC converter stations market is projected to reach a size of $19.39 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.1%.
Download Your Free Sample of the 2025 HVDC Converter Stations Market Report and Uncover Key Trends Now!
What are the Key Growth Drivers Fueling the HVDC Converter Stations Market?
The key drivers in the hvdc converter stations market are:
• Global electrification trends
• Enhanced grid resilience and smart grid integration
• Carbon neutrality goals and interconnection of power networks
• Growing renewable energy integration and advancements in voltage source converter technology
Global Market Segmentation: Identifying Major HVDC Converter Stations Industry Segments
The HVDC converter stations market covered in this report is segmented –
1) By Type: Monopolar, Bi-Polar, Back-To-Back, Multi-Terminal
2) By Component: Valve, Converter Transformer, Circuit Breakers, Harmonic Filters, Surge Arresters, Reactors, Other Components
3) By Technology: Line Commutated Converters, Voltage Source Converters
4) By Capacity: < 500 MW, = 500 MW - 1,000 MW, > 1,000 MW - 3,000 MW, > 3,000 MW
5) By Application: Power Industry, Oil And Gas, Powering Island And Remote Loads, Interconnecting Networks
Pre-order the 2025 HVDC Converter Stations Global Market Report for Fast Delivery & Comprehensive Insights!
What are the Emerging Trends Shaping the Future of the HVDC Converter Stations Market?
The key trends in the hvdc converter stations market are:
• The integration of renewable energy is a key emerging trend.
• Advancements in voltage source converter (VSC) technology are shaping the future of the market.
• Cross-border power transmission projects are becoming increasingly prevalent.
• Digitalization and smart controls are crucial future trends in the market.
Who Are the Top Competitors & Leading Players in the HVDC Converter Stations Market?
Major companies in the hvdc converter stations market are:
• Hitachi Energy Ltd.
• Siemens Energy AG
• Mitsubishi Electric Corporation
• Schneider Electric SE
• ABB Ltd.
• Toshiba Corporation
• China XD Group
• Hyosung Corporation
• Shanghai Electric Group Co. Ltd.
• TBEA Co. Ltd.
• ZTT Group
• SNC-Lavalin Group Inc.
• GE Grid Solutions LLC
• LS Industrial Systems Co. Ltd.
• Fuji Electric Co. Ltd.
• Bharat Heavy Electricals Limited
• Hyundai Electric & Energy Systems Co. Ltd.
• Nissin Electric Co. Ltd.
• Rongxin Power Electronic Co. Ltd.
• Xiamen Jiyi Electric Co. Ltd.
• XJ Group Corporation
• EFACEC
• China Electric Power Research Institute (CEPRI)
• NR Electric Co. Ltd.
• NARI Group Corporation
• TGOOD Global Ltd.
• Ramboll Group A/S
• ZTT International Limited
• NKT A/S
• Korea Electric Power Corporation
Regional Dominance: Which Area Leads the Global Template Market?
Europe was the largest region in the HVDC converter station market in 2024
