High Voltage Direct Current (HVDC) Transmission System

  • High voltage direct current (HVDC) transmission system, also known as electrical superhighway or power superhighway, is an electric transmission system used for bulk direct-current transmission of electric power
  • HVDC transmission systems have the capability to interconnect networks with different features and frequencies and are more competent than alternating current lines
  • HVDC transmission systems are ideal for long distance transmission and also have less electrical losses. However, these transmission systems are costlier for short distances, as conversion units are required. The HVDC transmission system uses two technologies: voltage source converters (VSC) and line commutated converters (LCC).
  • The LCC technology is based on thyristor power semiconductor, which enables bulk power transfer with very low current losses. It is economical. The LCC technology also has inherent DC fault protection.
  • The VSC technology is based on power transistor, and has been recently introduced in the HVDC transmission systems market. The technology is largely applied in offshore applications including submarines and renewables.

Is something restraining your company’s growth in the High Voltage Direct Current (HVDC) Transmission Systems Market? Ask for the report brochure here

Key Driver of High Voltage Direct Current (HVDC) Transmission Systems Market

  • Increase in installation of offshore wind power generation projects is anticipated to drive the HVDC transmission systems market. Large amount of power generation is feasible through offshore wind energy; therefore, the generated energy can be distributed to locations with high demand for electricity. 

Key Development

  • In November 2018, The State Grid Corporation of China (SGCC), with the help of ABB, installed the world’s first DC-grid with HVDC in Zhangbei, China. The SGCC designed the entire grid, while ABB supplied several elements such as power semiconductor devices, transformer components, HVDC light valves, and high-voltage capacitors. The project is expected to enable the integration of remote solar, wind, and hydro energy power transmission.

Asia Pacific Expected to Hold Major Share of Global High Voltage Direct Current (HVDC) Transmission Systems Market

  • Based on region, the HVDC transmission systems market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Asia Pacific dominated the global HVDC transmission systems market in 2018. It is anticipated to be a highly attractive region during the forecast period. The trend is estimated to continue during the forecast period owing to the high investment in renewable energy sources, especially in countries such as China, Japan, and India.
  • Grids are installed in remote areas due to place constraints. Therefore, HVDC transmission systems are likely to be employed for transmission purposes. This is likely to boost the market in Asia Pacific.
  • Europe is estimated to hold vital share of the global HVDC transmission systems market during the forecast period. The region is investing in renewable energy sources due to the increase in pollution and rise in government policies to meet the 2030 climate and energy framework.
  • North America is projected to hold moderate share of the global HVDC transmission systems market during the forecast period, as the region possesses advanced electrical transmission systems. The market in the region is likely to expand at a healthy pace in the near future.
  • The market in Middle East & Africa and Latin America is expected to expand at a sluggish pace during the forecast period

To Get a Bird’s Eye View of High Voltage Direct Current (HVDC) Transmission Systems Market Forecast, Ask for a Custom Report

Key Players Operating in High Voltage Direct Current (HVDC) Transmission Systems Market

Leading companies operating in the High Voltage Direct Current (HVDC) Transmission Systems Market include:

  • Siemens AG
  • Toshiba Energy Systems & Solutions Corporation
  • General Electric
  • Mitsubishi Electric Corporation
  • PRYSMIAN GROUP
  • TransGrid Solutions.
  • ATCO LTD.
  • ABB
  • LSIS Co. Ltd.
  • Hitachi, Ltd.

Global High Voltage Direct Current (HVDC) Transmission Systems Market: Research Scope

Global High Voltage Direct Current (HVDC) Transmission Systems Market, by Technology

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

Global High Voltage Direct Current (HVDC) Transmission Systems Market, by Type

  • Monopole System
  • Bipolar System
  • Back To Back
  • Multi Terminal System

Global High Voltage Direct Current (HVDC) Transmission Systems Market, by Deployment

  • Overhead
  • Underground
  • Subsea
  • Combination

Global High Voltage Direct Current (HVDC) Transmission Systems Market, by Application

  • Interconnecting Grids
  • Infeed Urban Areas
  • Connecting Offshore Wind
  • Others

Global High Voltage Direct Current (HVDC) Transmission Systems Market, by Capacity

  • Up To 400 kV
  • 401-800 kV
  • Above 800 kV

Global High Voltage Direct Current (HVDC) Transmission Systems Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Australia
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Venezuela
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • Nigeria
    • Rest of Middle East & Africa

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.