APAC HVDC Transmission Systems Market, By System Components, By Technology, by Development, By Power Rating, and By Country - Size, Share, Outlook, and Opportunity Analysis, 2023

Description

High Voltage Transmission Systems are used in distributing the electric current over long distances using the principle of Direct Current (DC). These systems ensure the unidirectional flow of current with efficiency and minimum loss of energy during the transmission process. This comparative advantage makes these systems highly beneficial in the power and utility sector where the electricity is supplied to industries as well as the households. The technology works on various frameworks like Line commutated Converter (LLC) and Voltage Source Converter (VSC). The power can be transmitted via different modes like overhead, underground and subsea transmission lines.

The Asia Pacific market is highly lucrative when it comes to the HVDC Transmission systems. Growing population, expanding industrial sector, Increasing demand and consumption of energy, inclination towards adopting cost-effective systems and systems that have minimum negative impact on the environment are amongst the factors that are expected to drive the market growth of APAC HVDC Transmission Systems Market in the Asia Pacific region. Moreover, the need for having systems with minimal flaws and avoiding electricity blackouts would further enhance the growth opportunities for the market as governments look forward to adopt HVDC systems for energy transmission by replacing the existing ones.

Market Dynamics

Electric components like smoothing reactors, converters, harmonic filters, etc. are used in the constructions of HVDC transmission systems. The current market requirement of developing systems that work seamlessly, avoid energy losses, have limited impact on the environment is increasingly growing the market for HVDC transmission systems. The market is driven by growing consumption of electricity by the households as well as the businesses. The rise in use of electrical gadgets like smart devices, home appliances, electric vehicles, etc. is resulting in the rise in the consumption requirements in the households while, the growing adoption of technology and automation of systems in the businesses is resulting in the growing requirement for electricity among the businesses. The construction of power grids for meeting the energy requirements is becoming a popular trend in several countries. These grids have the capacity to contribute towards the energy requirements of home country as well as the cross-border transmission of energy, if implemented efficiently.

Key features of the study:

This report provides an in-depth analysis of the APAC HVDC transmission systems market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
It profiles leading players in the APAC HVDC transmission systems market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
Companies covered as a part of this study are ABB Ltd., ATCO Electric Ltd., General Electric Co., Hitachi Ltd., Prysmian SpA, Siemens AG, Toshiba Corporation, TransGrid Solutions Inc.
Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
APAC HVDC transmission systems market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the APAC HVDC transmission systems market

Detailed Segmentation

APAC HVDC transmission systems Market, By System Components:
- AC & DC Harmonic Filters
- Converters
- DC Lines
- Circuit Breakers
- Others
APAC HVDC transmission systems Market, By Technology:
- LCC
- VSC
- Others
APAC HVDC transmission systems Market, By Development:
- Overhead
- Underground
- Subsea
- Combination
APAC HVDC transmission systems Market, By Power Rating:
- Below 1,000 MWs
- 1,001 to 2,000 MWs
- 2001 MWs and Above
APAC HVDC transmission systems Market, By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
Company Profiles
ABB Ltd. *
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/ Updates
ATCO Electric Ltd.
General Electric Co.
Hitachi Ltd.
Prysmian SpA
Siemens AG
Toshiba Corporation
TransGrid Solutions Inc.
Others

"*" marked represents similar segmentation in other categories in the respective section.

Product Code: CMI3146

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By System Components
- Market Snippet, By Technology
- Market Snippet, By Development
- Market Snippet, By Power Rating
Market Snippet, By Region
- Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Higher Efficiency and Low-Cost benefits of HVDC systems over HVAC and other transmission systems
Better environmental sustainability offered by HVDC systems
- Restraints
Increase in the prices of components used in HVDC systems
Lack of trained workforce required engineering and maintenance efforts
- Market Opportunities
Increasing efforts taken by governments towards rural electrification
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New system Launches/Approvals
Impact of COVID-19 Pandemic

4. APAC HVDC Transmission Systems Market, By System Components, 2018-2030, (US$ Million)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends Market Share Analysis, 2023 and 2030 (%)
AC & DC Harmonic Filters
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Converters
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
DC Lines
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Circuit Breakers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)

5. APAC HVDC Transmission Systems Market, By Technology, 2018-2030, (US$ Million)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends Market Share Analysis, 2023 and 2030 (%)
LCC
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
VSC
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)

6. APAC HVDC Transmission Systems Market, By Development, 2018-2030, (US$ Million)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends Market Share Analysis, 2023 and 2030 (%)
Overhead
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Underground
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Subsea
- Introduction
- Market Size and Forecast, 2018-2030, (US$ Million)
Combination
- Introduction
- Market Size and Forecast, 2018-2030, (US$ Million)

7. APAC HVDC Transmission Systems Market, By Power Rating, 2018-2030, (US$ Million)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends Market Share Analysis, 2023 and 2030 (%)
Below 1,000 MWs
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
1,001 to 2,000 MWs
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
2,001 MWs and above
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)

8. APAC HVDC Transmission Systems Market, By Country, 2018-2030, (US$ Million)

Introduction
Market Share Analysis, By Country, 2023 and 2030 (%)
Y-o-Y Growth Analysis, For Country 2018-2030
Country Trends
- China
Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By System Components, 2018-2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Development, 2018-2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2018-2030, (US$ Million)
- India
Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By System Components, 2018-2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Development, 2018-2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Power Rating, 2018-2030, (US$ Million)
- Japan
Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By System Components, 2018-2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Development, 2018-2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Power Rating Type, 2018-2030, (US$ Million)
- Australia
Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By System Components, 2018-2030 ,(US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Development, 2018-2030, (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Power Rating Type, 2018-2030, (US$ Million)
- South Korea
Introduction
- Market Size and Forecast, and Y-o-Y Growth,2018-2030 (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By System Components, 2018-2030 (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030 (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Development, 2018-2030 (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Power Rating Type, 2018-2030 (US$ Million)
- ASEAN
Introduction
- Market Size and Forecast, and Y-o-Y Growth,2018-2030 (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By System Components, 2018-2030 (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030 (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Development, 2018-2030 (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Power Rating Type, 2018-2030 (US$ Million)
- Rest of APAC
Introduction
- Market Size and Forecast, and Y-o-Y Growth,2018-2030 (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By System Components, 2018-2030 (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030 (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Development, 2018-2030 (US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Power Rating Type, 2018-2030 (US$ Million)

9. Competitive Landscape

Company Profiles
- ABB Ltd.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
- ATCO Electric Ltd.
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
- General Electric Co.
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
- Hitachi Ltd.
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
- Prysmian SpA
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
- Siemens AG
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
- Toshiba Corporation
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
- TransGrid Solutions Inc.
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
- Others
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
- Analyst Views

10. Section

References
Research Methodology
About us and Sales Contact

APAC HVDC Transmission Systems Market, By System Components, By Technology, by Development, By Power Rating, and By Country - Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030