Global HVDC Converter Stations Market Report 2024

HVDC Converter Stations Global Market Report 2024 – By Type (Monopolar, Bi-Polar, Back-To-Back, Multi-Terminal), By Component (Valve, Converter Transformer, Circuit Breakers, Harmonic Filters, Surge Arresters, Reactors, Other Components), By Technology (Line Commutated Converters, Voltage Source Converters), By Capacity (< 500 MW, = 500 MW - 1,000 MW, > 1,000 MW - 3,000 MW, > 3,000 MW), By Application (Power Industry, Oil And Gas, Powering Island And Remote Loads, Interconnecting Networks) – Market Size, Trends, And Global Forecast 2024-2033

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HVDC Converter Stations Global Market Report 2023

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Description Table Of Contents Tables & Figures Market Insights Related Reports

HVDC Converter Stations Market Definition And Segments

High-voltage direct current (HVDC) converter stations are facilities that convert electrical power in high-voltage transmission networks between AC (alternating current) and DC (direct current) formats. It is used for long-distance power transmission, integrating multiple power systems, and promoting renewable energy integration with decreased transmission losses and more excellent grid stability.

The main types of HVDC converter stations are monopolar, bi-polar, back-to-back, and multi-terminal. Monopolar configuration refers to the use of a single high-voltage conductor for transmitting direct current (DC) in an HVDC transmission system in which the current flows from the converter station to the transmission line through the high-voltage conductor, while the return path is established through the ground or a metallic earth electrode and it is employed in HVDC converter stations for long-distance transmission which allows efficient utilization of transmission assets and reducing cost. The major components are valves, converter transformers, circuit breakers, harmonic filters, surge arresters, reactors, and others that use different technologies such as line commutated converters and voltage sources. It has various capacities such as < 500 MW, = 500 MW - 1,000 MW, > 1,000 MW - 3,000 MW, and > 3,000 MW that is applied in the power industry, oil and gas, powering island and remote loads, and interconnecting networks.

The HCDC 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

The HVDC converter stations market size has grown strongly in recent years. It will grow from $12.28 billion in 2023 to $13.39 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to long-distance power transmission, urbanization and power demand, cross-border power transmission, government initiatives and policies, grid stability and reliability.

The HVDC converter stations market size is expected to see strong growth in the next few years. It will grow to $18.23 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to global electrification trends, enhanced grid resilience, smart grid integration, carbon neutrality goals, interconnection of power networks. Major trends in the forecast period include growing renewable energy integration, advancements in voltage source converter (VSC) technology, cross-border power transmission projects, technological advancements, digitalization and smart controls.

Renewable Energy Surge Fuels Robust Growth In HVDC Converter Stations Market

Growth in the renewable energy sector is expected to propel the growth of the HVDC converter stations market going forward. Renewable energy refers to the energy produced from natural sources that are replenished at a faster rate than it is consumed. HVDC converter is used for effective integration, transmission, and distribution of renewable energy over a longer distance, increases grid stability, and aids in the transition to a more sustainable and decarbonized energy system with minimum energy loss. For instance, in October 2023, according to a report by the International Energy Agency, a Paris-based autonomous intergovernmental organization, in world's power generation increased to 22.5% in 2021 and it is expected to increase to 42.5% by 2030. Therefore, the growth in the renewable energy sector is driving the growth of the HVDC converter stations market.

Driving Growth In The HVDC Converter Stations Market With Meeting The Increasing Demand For Cost-Effective Solutions

The increasing demand for long-distance power transmission is expected to propel the growth of the HVDC converter station market going forward. Long-distance power transmission refers to the transfer of electrical energy over significant distances, typically from electric generation plants to consumers or between interconnected power systems. HVDC converter stations are used in transmitting electricity over long distances efficiently by acting like the bookends of an HVDC transmission system, transforming power between AC and DC at both ends of the line. For instance, in August 2022, according to the European Network of Transmission System Operators for Electricity, a Europe-based association for the cooperation of transmission system operators, the total HVDC transmission capacity connected to the Nordic and Baltic power systems in 2021 was 13.9 GW, which makes the annual transmission capacity 121.6 TWh. Therefore, the increasing demand for cost-effective solutions for long-distance power transmission is driving the growth of the HVDC converter station market.

Major companies operating in the HVDC converter stations market report are Hitachi Energy Ltd., Siemens Energy AG, Crompton Greaves Limited, Mitsubishi Electric Corporation, Schneider Electric SE, ABB Ltd., Toshiba Corporation, China XD Group, Hyosung Corporation, Prysmian Group, Shanghai Electric Group Co. Ltd., TBEA Co. Ltd., Alstom, 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., Excelitas Technologies, Nissin Electric Co. Ltd., Rongxin Power Electronic Co. Ltd., Xiamen Jiyi Electric Co. Ltd., XJ Group Corporation, Matsusada Precision Inc., NRH Research Inc., EFACEC, China Electric Power Research Institute (CEPRI), PSC Industries Limited, NR Electric Co. Ltd., BKK (Bergenshalvøens Kommunale Kraftselskap), NARI Group Corporation, Neelachal Ispat Nigam Limited (NINL), TGOOD Global Ltd., Ramboll Group A/S, ZTT International Limited, Energex Ltd., NKT A/S, Korea Electric Power Corporation

Strategic Partnerships Fueling Growth In The HVDC Converter Station Market

Major companies operating in the HVDC converter station market are focusing on strategic partnership, to provide reliable services to customers. A strategic partnership is an arrangement between two or more companies or organizations that helps each other or work together to achieve their respective goals. For instance, in March 2023, Hitachi Energy, a Japan-based sustainable energy company, partnered with Gulf Cooperation Council Interconnection Authority (GCCIA), a Saudi-Arabia-based sustainable energy company, to upgrade the Al-Fadhili high-voltage direct current (HVDC) converter station will be able to exchange up to 1,800 megawatts of electricity between different states in middle-east. Furthermore, in September 2021, Siemens Energy AG, a Germany-based energy company, and Sumitomo Electric Industries, Ltd., a Japan-based electric wire and optical fiber cable manufacturer, partnered with Greenlink Interconnector Limited, an Ireland-based electricity company. Through these partnerships, companies aim to supply HVDC technology for power links between Ireland and Great Britain, increase power supply security, and foster the integration of renewable energy.

National Grid's Innovation In HVDC Converter Stations

Major companies operating in the HVDC converter station market are focusing on developing innovative solutions such as framework to provide reliable services to customers. Frameworks provide a structure or foundation for building something. They offer a set of guidelines, patterns, and tools to make development more efficient and consistent. For instance, in December 2023, National Grid PLC, a UK-based electricity and gas utility company, launched Frameworks for high voltage direct current (HVDC) cable requirements. This includes the complex electronic equipment that converts AC to DC and vice versa at the ends of the HVDC transmission lines.

Sensata Technologies Expands Electrification Portfolio With Acquisition Of Dynapower Company LLC

In July 2022, Sensata Technologies, a US-based global industrial technology company striving to create a cleaner, more efficient, electrified, and connected world, acquired Dynapower Company LLC for $580 million. The acquisition aims to expand Sensata's global footprint, invest in new technologies and markets, and accelerate the scaling of its electrification efforts. The acquisition will enable Dynapower to leverage Sensata's global resources and support its customers across the globe. Dynapower Company LLC, a US-based trusted leader in all types of power conversion and energy storage solutions.

Europe was the largest region in the HVDC converter station market in 2023. North America is expected to be the fastest-growing region in the global HVDC converter stations market report during the forecast period. The regions covered in the hvdc converter stations market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the hvdc converter stations market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The high-voltage direct current (HVDC) converter stations market consists of revenues earned by entities by providing services such as long-distance power transmission, grid access for onshore and offshore, transnational grid connections, controlled power supply, performance improvements and firewalling of AC grids. The market value includes the value of related goods sold by the service provider or included within the service offering. The high-voltage direct current HVDC converter stations market also includes sales of series line-commutated converters (LCC), voltage-sourced converters, and current-source converters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The HVDC converter stations market research report is one of a series of new reports from The Business Research Company that provides HVDC converter stations market statistics, including HVDC converter stations industry global market size, regional shares, competitors with a HVDC converter stations market share, detailed HVDC converter stations market segments, market trends and opportunities, and any further data you may need to thrive in the HVDC converter stations industry. This HVDC converter stations market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

HVDC Converter Stations Market Report Scope
Report AttributeDetails
Market Size Value In 2024 $13.39 billion
Revenue Forecast In 2033 $18.23 billion
Growth Rate CAGR of 8% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 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
Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Key Companies Profiled Hitachi Energy Ltd.; Siemens Energy AG; Crompton Greaves Limited; Mitsubishi Electric Corporation; Schneider Electric SE; ABB Ltd.; Toshiba Corporation; China XD Group; Hyosung Corporation; Prysmian Group; Shanghai Electric Group Co. Ltd.; TBEA Co. Ltd.; Alstom; 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.; Excelitas Technologies; Nissin Electric Co. Ltd.; Rongxin Power Electronic Co. Ltd.; Xiamen Jiyi Electric Co. Ltd.; XJ Group Corporation; Matsusada Precision Inc; NRH Research Inc.; EFACEC; China Electric Power Research Institute (CEPRI); PSC Industries Limited; NR Electric Co. Ltd.; BKK (Bergenshalvøens Kommunale Kraftselskap); NARI Group Corporation; Neelachal Ispat Nigam Limited (NINL); TGOOD Global Ltd.; Ramboll Group A/S; ZTT International Limited; Energex Ltd.; NKT A/S; Korea Electric Power Corporation
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    Table Of Contents

    1. Executive Summary

    2. HVDC Converter Stations Market Characteristics

    3. HVDC Converter Stations Market Trends And Strategies

    4. HVDC Converter Stations Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On The Market

    4.2. Ukraine-Russia War Impact On The Market

    4.3. COVID-19 Impact On The Market

    5. Global HVDC Converter Stations Market Size and Growth

    5.1. Global HVDC Converter Stations Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global HVDC Converter Stations Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global HVDC Converter Stations Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. HVDC Converter Stations Market Segmentation

    6.1. Global HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Monopolar

    Bi-Polar

    Back-To-Back

    Multi-Terminal

    6.2. Global HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Valve

    Converter Transformer

    Circuit Breakers

    Harmonic Filters

    Surge Arresters

    Reactors

    Other Components

    6.3. Global HVDC Converter Stations Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Line Commutated Converters

    Voltage Source Converters

    6.4. Global HVDC Converter Stations Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    < 500 MW

    = 500 MW - 1,000 MW

    > 1,000 MW - 3,000 MW

    > 3,000 MW

    6.5. Global HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Power Industry

    Oil And Gas

    Powering Island And Remote Loads

    Interconnecting Networks

    7. HVDC Converter Stations Market Regional And Country Analysis

    7.1. Global HVDC Converter Stations Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global HVDC Converter Stations Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific HVDC Converter Stations Market

    8.1. Asia-Pacific HVDC Converter Stations Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China HVDC Converter Stations Market

    9.1. China HVDC Converter Stations Market Overview

    9.2. China HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India HVDC Converter Stations Market

    10.1. India HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan HVDC Converter Stations Market

    11.1. Japan HVDC Converter Stations Market Overview

    11.2. Japan HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia HVDC Converter Stations Market

    12.1. Australia HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia HVDC Converter Stations Market

    13.1. Indonesia HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea HVDC Converter Stations Market

    14.1. South Korea HVDC Converter Stations Market Overview

    14.2. South Korea HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe HVDC Converter Stations Market

    15.1. Western Europe HVDC Converter Stations Market Overview

    15.2. Western Europe HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK HVDC Converter Stations Market

    16.1. UK HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany HVDC Converter Stations Market

    17.1. Germany HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France HVDC Converter Stations Market

    18.1. France HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.2. France HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.3. France HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy HVDC Converter Stations Market

    19.1. Italy HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.2. Italy HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.3. Italy HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain HVDC Converter Stations Market

    20.1. Spain HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.2. Spain HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.3. Spain HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe HVDC Converter Stations Market

    21.1. Eastern Europe HVDC Converter Stations Market Overview

    21.2. Eastern Europe HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia HVDC Converter Stations Market

    22.1. Russia HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America HVDC Converter Stations Market

    23.1. North America HVDC Converter Stations Market Overview

    23.2. North America HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA HVDC Converter Stations Market

    24.1. USA HVDC Converter Stations Market Overview

    24.2. USA HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada HVDC Converter Stations Market

    25.1. Canada HVDC Converter Stations Market Overview

    25.2. Canada HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America HVDC Converter Stations Market

    26.1. South America HVDC Converter Stations Market Overview

    26.2. South America HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil HVDC Converter Stations Market

    27.1. Brazil HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East HVDC Converter Stations Market

    28.1. Middle East HVDC Converter Stations Market Overview

    28.2. Middle East HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa HVDC Converter Stations Market

    29.1. Africa HVDC Converter Stations Market Overview

    29.2. Africa HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. HVDC Converter Stations Market Competitive Landscape And Company Profiles

    30.1. HVDC Converter Stations Market Competitive Landscape

    30.2. HVDC Converter Stations Market Company Profiles

    30.2.1. Hitachi Energy Ltd.

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Siemens Energy AG

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Crompton Greaves Limited

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. Mitsubishi Electric Corporation

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. Schneider Electric SE

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. HVDC Converter Stations Market Other Major And Innovative Companies

    31.1. ABB Ltd.

    31.2. Toshiba Corporation

    31.3. China XD Group

    31.4. Hyosung Corporation

    31.5. Prysmian Group

    31.6. Shanghai Electric Group Co. Ltd.

    31.7. TBEA Co. Ltd.

    31.8. Alstom

    31.9. ZTT Group

    31.10. SNC-Lavalin Group Inc.

    31.11. GE Grid Solutions LLC

    31.12. LS Industrial Systems Co. Ltd.

    31.13. Fuji Electric Co. Ltd.

    31.14. Bharat Heavy Electricals Limited

    31.15. Hyundai Electric & Energy Systems Co. Ltd.

    32. Global HVDC Converter Stations Market Competitive Benchmarking

    33. Global HVDC Converter Stations Market Competitive Dashboard

    34. Key Mergers And Acquisitions In The HVDC Converter Stations Market

    35. HVDC Converter Stations Market Future Outlook and Potential Analysis

    35.1 HVDC Converter Stations Market In 2028 - Countries Offering Most New Opportunities

    35.2 HVDC Converter Stations Market In 2028 - Segments Offering Most New Opportunities

    35.3 HVDC Converter Stations Market In 2028 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global HVDC Converter Stations Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global HVDC Converter Stations Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Global HVDC Converter Stations Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Global HVDC Converter Stations Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: Asia-Pacific, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: Asia-Pacific, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: China, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: China, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: India, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: India, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Japan, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Japan, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Australia, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Australia, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: Indonesia, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: Indonesia, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: South Korea, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: South Korea, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: Western Europe, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: Western Europe, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: UK, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: UK, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: Germany, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: Germany, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: France, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: France, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Italy, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Italy, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Spain, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Spain, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Eastern Europe, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Eastern Europe, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: Russia, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: Russia, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: North America, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: North America, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: USA, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: USA, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: Canada, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: Canada, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: South America, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: South America, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Brazil, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Brazil, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Middle East, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Middle East, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: Africa, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 75: Africa, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 76: Hitachi Energy Ltd. Financial Performance
  • Table 77: Siemens Energy AG Financial Performance
  • Table 78: Crompton Greaves Limited Financial Performance
  • Table 79: Mitsubishi Electric Corporation Financial Performance
  • Table 80: Schneider Electric SE Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global HVDC Converter Stations Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global HVDC Converter Stations Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Global HVDC Converter Stations Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Global HVDC Converter Stations Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: Asia-Pacific, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: Asia-Pacific, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: China, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: China, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: India, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: India, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Japan, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Japan, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Australia, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Australia, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: Indonesia, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: Indonesia, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: South Korea, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: South Korea, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: Western Europe, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: Western Europe, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: UK, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: UK, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: Germany, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: Germany, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: France, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: France, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Italy, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Italy, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Spain, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Spain, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Eastern Europe, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Eastern Europe, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: Russia, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: Russia, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: North America, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: North America, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: USA, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: USA, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: Canada, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: Canada, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: South America, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: South America, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Brazil, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Brazil, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Middle East, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Middle East, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, HVDC Converter Stations Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: Africa, HVDC Converter Stations Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 75: Africa, HVDC Converter Stations Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 76: Hitachi Energy Ltd. Financial Performance
  • Figure 77: Siemens Energy AG Financial Performance
  • Figure 78: Crompton Greaves Limited Financial Performance
  • Figure 79: Mitsubishi Electric Corporation Financial Performance
  • Figure 80: Schneider Electric SE Financial Performance
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Frequently Asked Questions

What is the definition of the HVDC converter stations market?

High-voltage direct current (HVDC) converter stations are facilities that convert electrical power in high-voltage transmission networks between AC (alternating current) and DC (direct current) formats. It is used for long-distance power transmission, integrating multiple power systems, and promoting renewable energy integration with decreased transmission losses and more excellent grid stability. For further insights on the HVDC converter stations market, request a sample here

How will the HVDC converter stations market drivers and restraints affect the HVDC converter stations market dynamics? What forces will shape the HVDC converter stations industry going forward?

The HVDC converter stations market major growth driver - renewable energy surge fuels robust growth in HVDC converter stations market. For further insights on the HVDC converter stations market, request a sample here

What is the forecast market size or the forecast market value of the HVDC converter stations market ?

The HVDC converter stations market size has grown strongly in recent years. It will grow from $12.28 billion in 2023 to $13.39 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to long-distance power transmission, urbanization and power demand, cross-border power transmission, government initiatives and policies, grid stability and reliability. The HVDC converter stations market size is expected to see strong growth in the next few years. It will grow to $18.23 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to global electrification trends, enhanced grid resilience, smart grid integration, carbon neutrality goals, interconnection of power networks. Major trends in the forecast period include growing renewable energy integration, advancements in voltage source converter (VSC) technology, cross-border power transmission projects, technological advancements, digitalization and smart controls. For further insights on the HVDC converter stations market, request a sample here

How is the HVDC converter stations market segmented?

The HVDC converter stations market 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: 1,000 MW - 3,000 MW, > 3,000 MW
5) By Application: Power Industry, Oil And Gas, Powering Island And Remote Loads, Interconnecting NetworksFor further insights on the HVDC converter stations market, request a sample here

Which region has the largest share of the HVDC converter stations market? What are the other regions covered in the report?

Europe was the largest region in the HVDC converter station market in 2023. North America is expected to be the fastest-growing region in the global HVDC converter stations market report during the forecast period. The regions covered in the hvdc converter stations market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the HVDC converter stations market, request a sample here.

Who are the major players in the HVDC converter stations market?

Major companies operating in the HVDC converter stations market report are Hitachi Energy Ltd., Siemens Energy AG, Crompton Greaves Limited, Mitsubishi Electric Corporation, Schneider Electric SE, ABB Ltd., Toshiba Corporation, China XD Group, Hyosung Corporation, Prysmian Group, Shanghai Electric Group Co. Ltd., TBEA Co. Ltd., Alstom, 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., Excelitas Technologies, Nissin Electric Co. Ltd., Rongxin Power Electronic Co. Ltd., Xiamen Jiyi Electric Co. Ltd., XJ Group Corporation, Matsusada Precision Inc, NRH Research Inc., EFACEC, China Electric Power Research Institute (CEPRI), PSC Industries Limited, NR Electric Co. Ltd., BKK (Bergenshalvøens Kommunale Kraftselskap), NARI Group Corporation, Neelachal Ispat Nigam Limited (NINL), TGOOD Global Ltd., Ramboll Group A/S, ZTT International Limited, Energex Ltd., NKT A/S, Korea Electric Power Corporation For further insights on the HVDC converter stations market, request a sample here.

What are the key trends in the HVDC converter stations market?

Major trend in the HVDC converter stations market - national grid's innovation in HVDC converter stations. For further insights on the HVDC converter stations market, request a sample here.

What are the major opportunities in the HVDC converter stations market? What are the strategies for the HVDC converter stations market?

For detailed insights on the major opportunities and strategies in the HVDC converter stations market, request a sample here.

How does the HVDC converter stations market relate to the overall economy and other similar markets?

For detailed insights on HVDC converter stations market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the HVDC converter stations industry?

For detailed insights on the mergers and acquisitions in the HVDC converter stations industry, request a sample here.

What are the key dynamics influencing the HVDC converter stations market growth? SWOT analysis of the HVDC converter stations market.

For detailed insights on the key dynamics influencing the HVDC converter stations market growth and SWOT analysis of the HVDC converter stations industry, request a sample here.