The global HVDC Devices market size is projected to grow from US$ million in 2023 to US$ million in 2030; it is expected to grow at a CAGR of % from 2024 to 2030.
Publisher' newest research report, the “HVDC Devices Industry Forecast” looks at past sales and reviews total world HVDC Devices sales in 2023, providing a comprehensive analysis by region and market sector of projected HVDC Devices sales for 2024 through 2030. With HVDC Devices sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world HVDC Devices industry.
This Insight Report provides a comprehensive analysis of the global HVDC Devices landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on HVDC Devices portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global HVDC Devices market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for HVDC Devices and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global HVDC Devices.
Renewable Energy Integration: The transition towards renewable energy sources such as wind and solar power was driving the need for efficient long-distance electricity transmission. HVDC technology enables the integration of remote renewable energy resources into existing power grids by overcoming transmission constraints and reducing power losses over long distances.
Grid Modernization Initiatives: Increasing investments in grid modernization projects, particularly in aging infrastructure regions, were driving the adoption of HVDC transmission systems. HVDC devices facilitate the upgrade and expansion of power transmission networks, improving grid reliability, stability, and capacity while enabling the integration of renewable energy and distributed generation resources.
This report presents a comprehensive overview, market shares, and growth opportunities of HVDC Devices market by product type, application, key players and key regions and countries.
Segmentation by type
Voltage-Source Converters (VSC)
Converter Transformers
HVDC Converter Stations
Other
Segmentation by application
Overhead Transmission
Underground Transmission
Subsea Transmission
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Hitachi ABB Power Grids
Siemens
Prysmian Group
XD Group
GE Grid Solution
TBEA
Xuji Group
Nexans
NKT
Toshiba Energy Systems & Solutions
Mitsubishi Electric
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global HVDC Devices Market Size 2019-2030
2.1.2 HVDC Devices Market Size CAGR by Region 2019 VS 2023 VS 2030
2.2 HVDC Devices Segment by Type
2.2.1 Voltage-Source Converters (VSC)
2.2.2 Converter Transformers
2.2.3 HVDC Converter Stations
2.2.4 Other
2.3 HVDC Devices Market Size by Type
2.3.1 HVDC Devices Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global HVDC Devices Market Size Market Share by Type (2019-2024)
2.4 HVDC Devices Segment by Application
2.4.1 Overhead Transmission
2.4.2 Underground Transmission
2.4.3 Subsea Transmission
2.5 HVDC Devices Market Size by Application
2.5.1 HVDC Devices Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global HVDC Devices Market Size Market Share by Application (2019-2024)
3 HVDC Devices Market Size by Player
3.1 HVDC Devices Market Size Market Share by Players
3.1.1 Global HVDC Devices Revenue by Players (2019-2024)
3.1.2 Global HVDC Devices Revenue Market Share by Players (2019-2024)
3.2 Global HVDC Devices Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 HVDC Devices by Regions
4.1 HVDC Devices Market Size by Regions (2019-2024)
4.2 Americas HVDC Devices Market Size Growth (2019-2024)
4.3 APAC HVDC Devices Market Size Growth (2019-2024)
4.4 Europe HVDC Devices Market Size Growth (2019-2024)
4.5 Middle East & Africa HVDC Devices Market Size Growth (2019-2024)
5 Americas
5.1 Americas HVDC Devices Market Size by Country (2019-2024)
5.2 Americas HVDC Devices Market Size by Type (2019-2024)
5.3 Americas HVDC Devices Market Size by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC HVDC Devices Market Size by Region (2019-2024)
6.2 APAC HVDC Devices Market Size by Type (2019-2024)
6.3 APAC HVDC Devices Market Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe HVDC Devices by Country (2019-2024)
7.2 Europe HVDC Devices Market Size by Type (2019-2024)
7.3 Europe HVDC Devices Market Size by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa HVDC Devices by Region (2019-2024)
8.2 Middle East & Africa HVDC Devices Market Size by Type (2019-2024)
8.3 Middle East & Africa HVDC Devices Market Size by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global HVDC Devices Market Forecast
10.1 Global HVDC Devices Forecast by Regions (2025-2030)
10.1.1 Global HVDC Devices Forecast by Regions (2025-2030)
10.1.2 Americas HVDC Devices Forecast
10.1.3 APAC HVDC Devices Forecast
10.1.4 Europe HVDC Devices Forecast
10.1.5 Middle East & Africa HVDC Devices Forecast
10.2 Americas HVDC Devices Forecast by Country (2025-2030)
10.2.1 United States HVDC Devices Market Forecast
10.2.2 Canada HVDC Devices Market Forecast
10.2.3 Mexico HVDC Devices Market Forecast
10.2.4 Brazil HVDC Devices Market Forecast
10.3 APAC HVDC Devices Forecast by Region (2025-2030)
10.3.1 China HVDC Devices Market Forecast
10.3.2 Japan HVDC Devices Market Forecast
10.3.3 Korea HVDC Devices Market Forecast
10.3.4 Southeast Asia HVDC Devices Market Forecast
10.3.5 India HVDC Devices Market Forecast
10.3.6 Australia HVDC Devices Market Forecast
10.4 Europe HVDC Devices Forecast by Country (2025-2030)
10.4.1 Germany HVDC Devices Market Forecast
10.4.2 France HVDC Devices Market Forecast
10.4.3 UK HVDC Devices Market Forecast
10.4.4 Italy HVDC Devices Market Forecast
10.4.5 Russia HVDC Devices Market Forecast
10.5 Middle East & Africa HVDC Devices Forecast by Region (2025-2030)
10.5.1 Egypt HVDC Devices Market Forecast
10.5.2 South Africa HVDC Devices Market Forecast
10.5.3 Israel HVDC Devices Market Forecast
10.5.4 Turkey HVDC Devices Market Forecast
10.5.5 GCC Countries HVDC Devices Market Forecast
10.6 Global HVDC Devices Forecast by Type (2025-2030)
10.7 Global HVDC Devices Forecast by Application (2025-2030)
11 Key Players Analysis
11.1 Hitachi ABB Power Grids
11.1.1 Hitachi ABB Power Grids Company Information
11.1.2 Hitachi ABB Power Grids HVDC Devices Product Offered
11.1.3 Hitachi ABB Power Grids HVDC Devices Revenue, Gross Margin and Market Share (2019-2024)
11.1.4 Hitachi ABB Power Grids Main Business Overview
11.1.5 Hitachi ABB Power Grids Latest Developments
11.2 Siemens
11.2.1 Siemens Company Information
11.2.2 Siemens HVDC Devices Product Offered
11.2.3 Siemens HVDC Devices Revenue, Gross Margin and Market Share (2019-2024)
11.2.4 Siemens Main Business Overview
11.2.5 Siemens Latest Developments
11.3 Prysmian Group
11.3.1 Prysmian Group Company Information
11.3.2 Prysmian Group HVDC Devices Product Offered
11.3.3 Prysmian Group HVDC Devices Revenue, Gross Margin and Market Share (2019-2024)
11.3.4 Prysmian Group Main Business Overview
11.3.5 Prysmian Group Latest Developments
11.4 XD Group
11.4.1 XD Group Company Information
11.4.2 XD Group HVDC Devices Product Offered
11.4.3 XD Group HVDC Devices Revenue, Gross Margin and Market Share (2019-2024)
11.4.4 XD Group Main Business Overview
11.4.5 XD Group Latest Developments
11.5 GE Grid Solution
11.5.1 GE Grid Solution Company Information
11.5.2 GE Grid Solution HVDC Devices Product Offered
11.5.3 GE Grid Solution HVDC Devices Revenue, Gross Margin and Market Share (2019-2024)
11.5.4 GE Grid Solution Main Business Overview
11.5.5 GE Grid Solution Latest Developments
11.6 TBEA
11.6.1 TBEA Company Information
11.6.2 TBEA HVDC Devices Product Offered
11.6.3 TBEA HVDC Devices Revenue, Gross Margin and Market Share (2019-2024)
11.6.4 TBEA Main Business Overview
11.6.5 TBEA Latest Developments
11.7 Xuji Group
11.7.1 Xuji Group Company Information
11.7.2 Xuji Group HVDC Devices Product Offered
11.7.3 Xuji Group HVDC Devices Revenue, Gross Margin and Market Share (2019-2024)
11.7.4 Xuji Group Main Business Overview
11.7.5 Xuji Group Latest Developments
11.8 Nexans
11.8.1 Nexans Company Information
11.8.2 Nexans HVDC Devices Product Offered
11.8.3 Nexans HVDC Devices Revenue, Gross Margin and Market Share (2019-2024)
11.8.4 Nexans Main Business Overview
11.8.5 Nexans Latest Developments
11.9 NKT
11.9.1 NKT Company Information
11.9.2 NKT HVDC Devices Product Offered
11.9.3 NKT HVDC Devices Revenue, Gross Margin and Market Share (2019-2024)
11.9.4 NKT Main Business Overview
11.9.5 NKT Latest Developments
11.10 Toshiba Energy Systems & Solutions
11.10.1 Toshiba Energy Systems & Solutions Company Information
11.10.2 Toshiba Energy Systems & Solutions HVDC Devices Product Offered
11.10.3 Toshiba Energy Systems & Solutions HVDC Devices Revenue, Gross Margin and Market Share (2019-2024)
11.10.4 Toshiba Energy Systems & Solutions Main Business Overview
11.10.5 Toshiba Energy Systems & Solutions Latest Developments
11.11 Mitsubishi Electric
11.11.1 Mitsubishi Electric Company Information
11.11.2 Mitsubishi Electric HVDC Devices Product Offered
11.11.3 Mitsubishi Electric HVDC Devices Revenue, Gross Margin and Market Share (2019-2024)
11.11.4 Mitsubishi Electric Main Business Overview
11.11.5 Mitsubishi Electric Latest Developments
12 Research Findings and Conclusion
*If Applicable.