PUBLISHER: TechNavio | PRODUCT CODE: 2110144
PUBLISHER: TechNavio | PRODUCT CODE: 2110144
Global Hvdc Transmission Market 2026-2030
The global hvdc transmission market is forecasted to grow by USD 5463.3 mn during 2025-2030, accelerating at a CAGR of 7.3% during the forecast period. The report on the global hvdc transmission market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by accelerated integration of large scale renewable energy projects, expansion of cross border interconnections and regional energy security, urbanization and modernization of aging power infrastructure.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
| Market Scope | |
|---|---|
| Base Year | 2025 |
| End Year | 2030 |
| Series Year | 2026-2030 |
| Growth Momentum | Accelerate |
| YOY 2026 | 6.6% |
| CAGR | 7.3% |
| Incremental Value | $5463.3 mn |
Technavio's global hvdc transmission market is segmented as below:
By Technology
- Voltage source converter
- Line commutated converter
- Others
By Component
- Converter stations
- Transmission cables
- Control and protection systems
- Others
By Application
- Renewable energy integration
- Bulk power transmission
- Interconnectors
- Others
Geography
- APAC
- China
- India
- Japan
- South Korea
- Australia
- Indonesia
- Europe
- Germany
- UK
- Norway
- Denmark
- The Netherlands
- France
- North America
- US
- Canada
- Mexico
- Middle East and Africa
- UAE
- South Africa
- Egypt
- Turkey
- South America
- Brazil
- Chile
- Argentina
- Rest of World (ROW)
This study identifies the proliferation of multi-terminal high voltage direct current networks as one of the prime reasons driving the global hvdc transmission market growth during the next few years. Also, integration of ai and digital twin technology for predictive operations and emergence of hybrid high voltage direct current systems and modular multi-level converters will lead to sizable demand in the market.
The report on the global hvdc transmission market covers the following areas:
- Global hvdc transmission market sizing
- Global hvdc transmission market forecast
- Global hvdc transmission market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading global hvdc transmission market vendors that include Bharat Heavy Electricals Ltd., EL Sewedy Electric Co., Furukawa Electric Co. Ltd., GE Vernova Inc., Hengtong Group Co. Ltd., Hitachi Energy India Ltd., Hyosung Heavy Industries Corp., LS ELECTRIC Co. Ltd., Mitsubishi Electric Corp., Nexans SA, NKT AS, NR Electric Co. Ltd., Prysmian S.p.A, Seatrium Ltd., Siemens Energy AG, Southwire Co. LLC, Sumitomo Electric Industries, Taihan Cable and Solution Co. Ltd., TBEA Co. Ltd., Toshiba Corp.. Also, the global hvdc transmission market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Technology
- Executive Summary - Chart on Market Segmentation by Component
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- 2.3 Factors of disruption
- 2.4 Impact of drivers and challenges
3 Market Landscape
- 3.1 Market ecosystem
- 3.2 Market characteristics
- 3.3 Value chain analysis
4 Market Sizing
- 4.1 Market definition
- 4.2 Market segment analysis
- Market segments
- 4.3 Market size 2025
- 4.4 Market outlook: Forecast for 2025-2030
5 Historic Market Size
- 5.1 Global HVDC Transmission Market 2020 - 2024
- Historic Market Size - Data Table on Global HVDC Transmission Market 2020 - 2024 ($ million)
- 5.2 Technology segment analysis 2020 - 2024
- Historic Market Size - Technology Segment 2020 - 2024 ($ million)
- 5.3 Component segment analysis 2020 - 2024
- Historic Market Size - Component Segment 2020 - 2024 ($ million)
- 5.4 Application segment analysis 2020 - 2024
- Historic Market Size - Application Segment 2020 - 2024 ($ million)
- 5.5 Geography segment analysis 2020 - 2024
- Historic Market Size - Geography Segment 2020 - 2024 ($ million)
- 5.6 Country segment analysis 2020 - 2024
- Historic Market Size - Country Segment 2020 - 2024 ($ million)
6 Qualitative Analysis
- 6.1 Impact of AI on Global HVDC Transmission Market
- 6.2 Impact of geopolitical conflicts on Global HVDC Transmission Market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2025 and 2030
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2025 and 2030
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2025 and 2030
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2025 and 2030
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2025 and 2030
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2025 and 2030
- 7.7 Market condition
8 Market Segmentation by Technology
- 8.1 Market segments
- 8.2 Comparison by Technology
- 8.3 Voltage source converter - Market size and forecast 2025-2030
- 8.4 Line commutated converter - Market size and forecast 2025-2030
- 8.5 Others - Market size and forecast 2025-2030
- 8.6 Market opportunity by Technology
- Market opportunity by Technology ($ million)
9 Market Segmentation by Component
- 9.1 Market segments
- 9.2 Comparison by Component
- 9.3 Converter stations - Market size and forecast 2025-2030
- 9.4 Transmission cables - Market size and forecast 2025-2030
- 9.5 Control and protection systems - Market size and forecast 2025-2030
- 9.6 Others - Market size and forecast 2025-2030
- 9.7 Market opportunity by Component
- Market opportunity by Component ($ million)
10 Market Segmentation by Application
- 10.1 Market segments
- 10.2 Comparison by Application
- 10.3 Renewable energy integration - Market size and forecast 2025-2030
- 10.4 Bulk power transmission - Market size and forecast 2025-2030
- 10.5 Interconnectors - Market size and forecast 2025-2030
- 10.6 Others - Market size and forecast 2025-2030
- 10.7 Market opportunity by Application
- Market opportunity by Application ($ million)
11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
- 12.1 Geographic segmentation
- 12.2 Geographic comparison
- 12.3 APAC - Market size and forecast 2025-2030
- 12.3.1 China - Market size and forecast 2025-2030
- 12.3.2 India - Market size and forecast 2025-2030
- 12.3.3 Japan - Market size and forecast 2025-2030
- 12.3.4 South Korea - Market size and forecast 2025-2030
- 12.3.5 Australia - Market size and forecast 2025-2030
- 12.3.6 Indonesia - Market size and forecast 2025-2030
- 12.4 Europe - Market size and forecast 2025-2030
- 12.4.1 Germany - Market size and forecast 2025-2030
- 12.4.2 UK - Market size and forecast 2025-2030
- 12.4.3 Norway - Market size and forecast 2025-2030
- 12.4.4 Denmark - Market size and forecast 2025-2030
- 12.4.5 The Netherlands - Market size and forecast 2025-2030
- 12.4.6 France - Market size and forecast 2025-2030
- 12.5 North America - Market size and forecast 2025-2030
- 12.5.1 US - Market size and forecast 2025-2030
- 12.5.2 Canada - Market size and forecast 2025-2030
- 12.5.3 Mexico - Market size and forecast 2025-2030
- 12.6 Middle East and Africa - Market size and forecast 2025-2030
- 12.6.1 Saudi Arabia - Market size and forecast 2025-2030
- 12.6.2 UAE - Market size and forecast 2025-2030
- 12.6.3 South Africa - Market size and forecast 2025-2030
- 12.6.4 Egypt - Market size and forecast 2025-2030
- 12.6.5 Turkey - Market size and forecast 2025-2030
- 12.7 South America - Market size and forecast 2025-2030
- 12.7.1 Brazil - Market size and forecast 2025-2030
- 12.7.2 Chile - Market size and forecast 2025-2030
- 12.7.3 Argentina - Market size and forecast 2025-2030
- 12.8 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)
13 Drivers, Challenges, and Opportunity
- 13.1 Market drivers
- Accelerated integration of large scale renewable energy projects
- Expansion of cross border interconnections and regional energy security
- Urbanization and modernization of aging power infrastructure
- 13.2 Market challenges
- High initial capital expenditure and financial resource allocation
- Complex regulatory frameworks and jurisdictional disputes
- Scarcity of technical expertise and supply chain bottlenecks
- 13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2025 and 2030
- 13.4 Market opportunities
- Proliferation of multi-terminal high voltage direct current networks
- Integration of AI and digital twin technology for predictive operations
- Emergence of hybrid high voltage direct current systems and modular multi-level converters
14 Competitive Landscape
- 14.1 Overview
- 14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 14.3 Landscape disruption
- Overview on factors of disruption
- 14.4 Industry risks
- Impact of key risks on business
15 Competitive Analysis
- 15.1 Companies profiled
- Companies covered
- 15.2 Company ranking index
- Company ranking index
- 15.3 Market positioning of companies
- Matrix on companies position and classification
- 15.4 Bharat Heavy Electricals Ltd.
- Bharat Heavy Electricals Ltd. - Overview
- Bharat Heavy Electricals Ltd. - Business segments
- Bharat Heavy Electricals Ltd. - Key offerings
- Bharat Heavy Electricals Ltd. - Segment focus
- SWOT
- 15.5 EL Sewedy Electric Co.
- EL Sewedy Electric Co. - Overview
- EL Sewedy Electric Co. - Business segments
- EL Sewedy Electric Co. - Key offerings
- EL Sewedy Electric Co. - Segment focus
- SWOT
- 15.6 GE Vernova Inc.
- GE Vernova Inc. - Overview
- GE Vernova Inc. - Business segments
- GE Vernova Inc. - Key offerings
- GE Vernova Inc. - Segment focus
- SWOT
- 15.7 Hengtong Group Co. Ltd.
- Hengtong Group Co. Ltd. - Overview
- Hengtong Group Co. Ltd. - Product / Service
- Hengtong Group Co. Ltd. - Key offerings
- SWOT
- 15.8 Hitachi Energy India Ltd.
- Hitachi Energy India Ltd. - Overview
- Hitachi Energy India Ltd. - Product / Service
- Hitachi Energy India Ltd. - Key offerings
- SWOT
- 15.9 LS ELECTRIC Co. Ltd.
- LS ELECTRIC Co. Ltd. - Overview
- LS ELECTRIC Co. Ltd. - Business segments
- LS ELECTRIC Co. Ltd. - Key offerings
- LS ELECTRIC Co. Ltd. - Segment focus
- SWOT
- 15.10 Mitsubishi Electric Corp.
- Mitsubishi Electric Corp. - Overview
- Mitsubishi Electric Corp. - Business segments
- Mitsubishi Electric Corp. - Key offerings
- Mitsubishi Electric Corp. - Segment focus
- SWOT
- 15.11 Nexans SA
- Nexans SA - Overview
- Nexans SA - Business segments
- Nexans SA - Key offerings
- Nexans SA - Segment focus
- SWOT
- 15.12 NKT AS
- NKT AS - Overview
- NKT AS - Business segments
- NKT AS - Key offerings
- NKT AS - Segment focus
- SWOT
- 15.13 NR Electric Co. Ltd.
- NR Electric Co. Ltd. - Overview
- NR Electric Co. Ltd. - Product / Service
- NR Electric Co. Ltd. - Key offerings
- SWOT
- 15.14 Seatrium Ltd.
- Seatrium Ltd. - Overview
- Seatrium Ltd. - Business segments
- Seatrium Ltd. - Key offerings
- Seatrium Ltd. - Segment focus
- SWOT
- 15.15 Siemens Energy AG
- Siemens Energy AG - Overview
- Siemens Energy AG - Business segments
- Siemens Energy AG - Key news
- Siemens Energy AG - Key offerings
- Siemens Energy AG - Segment focus
- SWOT
- 15.16 Sumitomo Electric Industries
- Sumitomo Electric Industries - Overview
- Sumitomo Electric Industries - Business segments
- Sumitomo Electric Industries - Key news
- Sumitomo Electric Industries - Key offerings
- Sumitomo Electric Industries - Segment focus
- SWOT
- 15.17 TBEA Co. Ltd.
- TBEA Co. Ltd. - Overview
- TBEA Co. Ltd. - Product / Service
- TBEA Co. Ltd. - Key offerings
- SWOT
- 15.18 Toshiba Corp.
- Toshiba Corp. - Overview
- Toshiba Corp. - Product / Service
- Toshiba Corp. - Key offerings
- SWOT
16 Appendix
- 16.1 Scope of the report
- Market definition
- Objectives
- Notes and caveats
- 16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 16.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 16.4 Research methodology
- Research methodology
- 16.5 Data procurement
- Information sources
- 16.6 Data validation
- Data validation
- 16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 16.8 Data synthesis
- Data synthesis
- 16.9 360 degree market analysis
- 360 degree market analysis
- 16.10 List of abbreviations
- List of abbreviations
