HVDC Transmission System Market Size, Share & COVID-19 Impact Analysis, By Type (High-power Rating Projects and Low-power Rating Projects), By Technology (Line Commutated Converter (LCC) and Voltage Source Converters (VSC)), By Application (Subsea, Underground, Overhead, and Mixed), and Regional
This HVDC Transmission System market 2023-2030 study is a one-of-a-kind representation of Porter's five forces analysis, a comprehensive examination of market views. This in-depth market study evaluates the industry's current and future market prospects in developed and emerging markets, as well as recent changes such as market drivers, opportunities, challenges, and market restraints. The value chain provides market information. It also includes information on the industry landscape, market dynamics, and future growth possibilities.
The global HVDC transmission system market size was valued at USD 9.68 billion in 2022. The market is projected to grow from USD 10.27 billion in 2023 to USD 18.05 billion by 2030, exhibiting a CAGR of 8.4% during the forecast period.
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Top Key Vendors:
Hitachi Energy Ltd. (Switzerland)
Toshiba Energy Systems Solutions Corporation (Japan)
CHINA XD GROUP (China)
Mitsubishi Electric Corporation (Japan)
General Electric (U.S.)
Xu Ji Group Co. Ltd (China)
NR Electric Co. Ltd. (China)
Prysmian Group. (Italy)
TBEA Co., Ltd. (China)
The report encompasses company profiles, product specifications, production capacity/sales, revenue, pricing, gross margin (2023-2030), and sales by product types. It covers the current state and future prospects of both global and regional markets from 2023 to 2030. Furthermore, the report provides detailed insights into each region and country. It outlines companies' production, consumption, import/export, sales volume, and revenue projections.
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Growth Factor Analysis:
The increasing focus on power trading between countries has propelled the demand for HVDC transmission system market growth. Another reason that bolstered the demand for HVDC transmission system market is the rising need for energy demand in developing nations. Increasing number of installations in Europe, South America, and China is also expected to drive the market growth. With an increase in renewable energy capacity, growth in domestic power trading, and increasing demand for more reliable power supplies, have contributed significantly to the development of the market.
HVDC Transmission System Market Segmentation Analysis:
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period. By Application segment also provides consumption during the forecast period. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
High-power Rating Projects
Low-power Rating Projects
Line Commutated Converter (LCC)
Voltage Source Converter (VSC)
The regional analysis has been carried out on the basis of size, share, and CAGR, stressing the growth potential of each key region and country in the HVDC Transmission System Market. The report also encompasses appropriate and reliable figures based on consumption and production in key regions. Further the study incorporates insightful knowledge on new trends that are anticipated to determine the progress of these segments during the forecast period.
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The Report Covers:
• Extensive profiles and recent developments of market players.
Key Questions Answered in the Report:-
➯ What is the growth potential in the Global HVDC Transmission System Market for new entrants?
➯ Who are the key players in the global HVDC Transmission System marketplace?
➯ What are the primary methods that participants are expected to employ in order to enhance their share of the Global HVDC Transmission System industry?
➯ What is the level of competition in the global HVDC Transmission System market?
➯ What are the upcoming trends that may affect the growth of the global HVDC Transmission System market?
➯ Which product type category will have the highest CAGR in the future?
➯ Which application category will dominate the Global HVDC Transmission System industry?
➯ Which region is profitable for manufacturers?
Table of content:
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