HVDC Converter Market Report 2023 (Global Edition)

Global HVDC Converter Market Report 2023 talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing HVDC Converter Industry growth. HVDC Converter market has been segmented with the help of its Products , Application Component, and others. HVDC Converter market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.

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By Product, Bi-Polar was the leading segment with 36.09% of total HVDC Converter market in 2021!

By configuration, Bi-Polar segment is anticipated to hold largest in the market during the forecast period owing to its increasing usage during requirement of higher energy availability.

• Monopolar
• Bi-Polar
• Back to Back
• Multi-Terminal

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Application Segment Analysis of HVDC Converter Market

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of HVDC Converter from 2018 to 2030. This will also help to analyze the demand for HVDC Converter across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.

Some of the key Application of HVDC Converter are:

• Industrial
• Telecommunication
• Medical
• Oil & gas industry

The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the HVDC Converter market report 2023 Edition by contacting our team.

HVDC Converter Component Segment Analysis

• Valve
• Converter Transformer
• Harmonic Filter
• Reactor

HVDC Converter Technology Segment Analysis

• Line Commutated Converters (LCC)
• Voltage Source Converters (VSC)

HVDC Converter End User Segment Analysis

• Underground Power links
• Powering Island and Remote Loads
• Connecting Wind Farms
• Interconnecting Networks
• Oil & Gas Platforms

Asia Pacific was the dominated region with 36.44% of total revenue market share in 2021!

Asia Pacific held the major market share in year 2021 and expected to remain dominance during forecast period of analysis. This is attributed to the high infrastructure spending across APAC, increasing government support, and growing demand for power transmission systems in countries like China and India. For instance, according to study, China's average infrastructure investment as a percentage of GDP in 2020 was more than 10 times higher than that of the US in 2019. Indeed, compared to other countries in the globe, China's investments were far higher.
Furthermore, new HVDC voltage-sourced converter installed in South Korea by GE Grid Solutions and KAPES, a KEPCO-GE joint venture. This joint venture said to deliver a 500-MW Back-to-Back Voltage Sourced Converter (VSC) High Voltage Direct Current (HVDC) link in Incheon, South Korea. The contract is worth more than US $100 million, said the companies. Thus, increasing demand for bulk transport power in the region is driving the market growth.
Europe is expected to witness significant growth during the forecast period owing to rising power demand, presence of large number of players and increasing number of renewable sources like solar energy, wind energy and others are supporting the market growth in this region. According to European Commission, EU Member States have given green light to a Commission proposal to invest €602 million of EU funds in eight cross-border energy infrastructure projects under the Connecting Europe Facility (CEF) for Trans-European Networks for Energy.

Region-wise, the market is analyzed across: (In case you wish to acquire a specific region or any country data then please contact us)

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!

HVDC Converter Industry News:

• ABB announced to deliver HVDC converter transformers to China based utility State Grid Corporation of China (SGCC).

In April 2020, ABB has announced that its Power Grids business has secured several orders from State Grid Corporation of China (SGCC). ABB will supply advanced high-voltage direct current (HVDC) converter transformers and high-voltage equipment for three 800KV ultrahigh-voltage direct current (UHVDC) transmission links owned by SGCC.

• Siemens Energy has announced to deliver the high-voltage direct current (HVDC) transmission technology for the Celtic Interconnector, an electricity highway between France and Ireland.

In November 2022, Siemens Energy announced to deliver converter stations for Irish – Europe grid connection. This strengthens the security of electricity supply in France and Ireland and facilitate the integration of renewable energy sources into the European electricity grid. The order value for Siemens Energy is in the mid three-digit million-euro range. The interconnector is jointly developed by EirGrid, the electricity transmission system operator in Ireland, and its French counterpart, RTE.

Top Companies Market Share in HVDC Converter Industry: (In no particular order of Rank)

• Crompton Greaves Ltd.
• Alstom
• BHEL
• GE-Alstom Grid
• ABB
• Siemens
• Toshiba
• Nissin Electric Co Ltd
• Areva
• Hitachi
• Bharat Heavy Electricals Ltd.
• General Electric
• Mitsubishi
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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