The global HVDC Transmission System market size is predicted to grow from US$ 10550 million in 2025 to US$ 15890 million in 2031; it is expected to grow at a CAGR of 7.1% from 2025 to 2031.
HVDC Transmission System uses direct current for the bulk transmission of electrical power, in contrast with the more common alternating current (AC) systems. For long-distance transmission, HVDC systems may be less expensive and suffer lower electrical losses. For underwater power cables, HVDC avoids the heavy currents required to charge and discharge the cable capacitance each cycle. For shorter distances, the higher cost of DC conversion equipment compared to an AC system may still be justified, due to other benefits of direct current links. HVDC allows power transmission between unsynchronized AC transmission systems. Since the power flow through an HVDC link can be controlled independently of the phase angle between source and load, it can stabilize a network against disturbances due to rapid changes in power. HVDC also allows transfer of power between grid systems running at different frequencies, such as 50 Hz and 60 Hz. This improves the stability and economy of each grid, by allowing exchange of power between incompatible networks.
Global HVDC transmission system key players include ABB, Siemens, XD Group, NR Electric, GE Grid Solution, etc. Global top 5 manufacturers hold a share about 57%. China is the largest market, with a share about 46%, followed by Europe, with a share about 17 percent.
The 鈥淗VDC Transmission System Industry Forecast鈥 looks at past sales and reviews total world HVDC Transmission System sales in 2024, providing a comprehensive analysis by region and market sector of projected HVDC Transmission System sales for 2025 through 2031. With HVDC Transmission System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world HVDC Transmission System industry.
This Insight Report provides a comprehensive analysis of the global HVDC Transmission System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on HVDC Transmission System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥 unique position in an accelerating global HVDC Transmission System market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for HVDC Transmission System 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 Transmission System.
This report presents a comprehensive overview, market shares, and growth opportunities of HVDC Transmission System market by product type, application, key players and key regions and countries.
Segmentation by Type:
Below 400 kV
Between 400-800 kV
Above 800 kV
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.
ABB
Siemens
XD
NR Electric
GE Grid Solution
NKT
TBEA
XJ Group Corporation
Hitachi ABB Power Grids
Nexans
Toshiba
Mitsubishi Electric
Abengoa
Prysmian Group
China XD Group
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 麻豆原创 Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 麻豆原创 Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 麻豆原创 Estimation Caveats
2 Executive Summary
2.1 World 麻豆原创 Overview
2.1.1 Global HVDC Transmission System 麻豆原创 Size (2020-2031)
2.1.2 HVDC Transmission System 麻豆原创 Size CAGR by Region (2020 VS 2024 VS 2031)
2.1.3 World Current & Future Analysis for HVDC Transmission System by Country/Region (2020, 2024 & 2031)
2.2 HVDC Transmission System Segment by Type
2.2.1 Below 400 kV
2.2.2 Between 400-800 kV
2.2.3 Above 800 kV
2.3 HVDC Transmission System 麻豆原创 Size by Type
2.3.1 HVDC Transmission System 麻豆原创 Size CAGR by Type (2020 VS 2024 VS 2031)
2.3.2 Global HVDC Transmission System 麻豆原创 Size 麻豆原创 Share by Type (2020-2025)
2.4 HVDC Transmission System Segment by Application
2.4.1 Overhead Transmission
2.4.2 Underground Transmission
2.4.3 Subsea Transmission
2.5 HVDC Transmission System 麻豆原创 Size by Application
2.5.1 HVDC Transmission System 麻豆原创 Size CAGR by Application (2020 VS 2024 VS 2031)
2.5.2 Global HVDC Transmission System 麻豆原创 Size 麻豆原创 Share by Application (2020-2025)
3 HVDC Transmission System 麻豆原创 Size by Player
3.1 HVDC Transmission System 麻豆原创 Size 麻豆原创 Share by Player
3.1.1 Global HVDC Transmission System Revenue by Player (2020-2025)
3.1.2 Global HVDC Transmission System Revenue 麻豆原创 Share by Player (2020-2025)
3.2 Global HVDC Transmission System Key Players Head office and Products Offered
3.3 麻豆原创 Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 HVDC Transmission System by Region
4.1 HVDC Transmission System 麻豆原创 Size by Region (2020-2025)
4.2 Global HVDC Transmission System Annual Revenue by Country/Region (2020-2025)
4.3 Americas HVDC Transmission System 麻豆原创 Size Growth (2020-2025)
4.4 APAC HVDC Transmission System 麻豆原创 Size Growth (2020-2025)
4.5 Europe HVDC Transmission System 麻豆原创 Size Growth (2020-2025)
4.6 Middle East & Africa HVDC Transmission System 麻豆原创 Size Growth (2020-2025)
5 Americas
5.1 Americas HVDC Transmission System 麻豆原创 Size by Country (2020-2025)
5.2 Americas HVDC Transmission System 麻豆原创 Size by Type (2020-2025)
5.3 Americas HVDC Transmission System 麻豆原创 Size by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC HVDC Transmission System 麻豆原创 Size by Region (2020-2025)
6.2 APAC HVDC Transmission System 麻豆原创 Size by Type (2020-2025)
6.3 APAC HVDC Transmission System 麻豆原创 Size by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe HVDC Transmission System 麻豆原创 Size by Country (2020-2025)
7.2 Europe HVDC Transmission System 麻豆原创 Size by Type (2020-2025)
7.3 Europe HVDC Transmission System 麻豆原创 Size by Application (2020-2025)
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 Transmission System by Region (2020-2025)
8.2 Middle East & Africa HVDC Transmission System 麻豆原创 Size by Type (2020-2025)
8.3 Middle East & Africa HVDC Transmission System 麻豆原创 Size by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 麻豆原创 Drivers, Challenges and Trends
9.1 麻豆原创 Drivers & Growth Opportunities
9.2 麻豆原创 Challenges & Risks
9.3 Industry Trends
10 Global HVDC Transmission System 麻豆原创 Forecast
10.1 Global HVDC Transmission System Forecast by Region (2026-2031)
10.1.1 Global HVDC Transmission System Forecast by Region (2026-2031)
10.1.2 Americas HVDC Transmission System Forecast
10.1.3 APAC HVDC Transmission System Forecast
10.1.4 Europe HVDC Transmission System Forecast
10.1.5 Middle East & Africa HVDC Transmission System Forecast
10.2 Americas HVDC Transmission System Forecast by Country (2026-2031)
10.2.1 United States 麻豆原创 HVDC Transmission System Forecast
10.2.2 Canada 麻豆原创 HVDC Transmission System Forecast
10.2.3 Mexico 麻豆原创 HVDC Transmission System Forecast
10.2.4 Brazil 麻豆原创 HVDC Transmission System Forecast
10.3 APAC HVDC Transmission System Forecast by Region (2026-2031)
10.3.1 China HVDC Transmission System 麻豆原创 Forecast
10.3.2 Japan 麻豆原创 HVDC Transmission System Forecast
10.3.3 Korea 麻豆原创 HVDC Transmission System Forecast
10.3.4 Southeast Asia 麻豆原创 HVDC Transmission System Forecast
10.3.5 India 麻豆原创 HVDC Transmission System Forecast
10.3.6 Australia 麻豆原创 HVDC Transmission System Forecast
10.4 Europe HVDC Transmission System Forecast by Country (2026-2031)
10.4.1 Germany 麻豆原创 HVDC Transmission System Forecast
10.4.2 France 麻豆原创 HVDC Transmission System Forecast
10.4.3 UK 麻豆原创 HVDC Transmission System Forecast
10.4.4 Italy 麻豆原创 HVDC Transmission System Forecast
10.4.5 Russia 麻豆原创 HVDC Transmission System Forecast
10.5 Middle East & Africa HVDC Transmission System Forecast by Region (2026-2031)
10.5.1 Egypt 麻豆原创 HVDC Transmission System Forecast
10.5.2 South Africa 麻豆原创 HVDC Transmission System Forecast
10.5.3 Israel 麻豆原创 HVDC Transmission System Forecast
10.5.4 Turkey 麻豆原创 HVDC Transmission System Forecast
10.6 Global HVDC Transmission System Forecast by Type (2026-2031)
10.7 Global HVDC Transmission System Forecast by Application (2026-2031)
10.7.1 GCC Countries 麻豆原创 HVDC Transmission System Forecast
11 Key Players Analysis
11.1 ABB
11.1.1 ABB Company Information
11.1.2 ABB HVDC Transmission System Product Offered
11.1.3 ABB HVDC Transmission System Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
11.1.4 ABB Main Business Overview
11.1.5 ABB Latest Developments
11.2 Siemens
11.2.1 Siemens Company Information
11.2.2 Siemens HVDC Transmission System Product Offered
11.2.3 Siemens HVDC Transmission System Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
11.2.4 Siemens Main Business Overview
11.2.5 Siemens Latest Developments
11.3 XD
11.3.1 XD Company Information
11.3.2 XD HVDC Transmission System Product Offered
11.3.3 XD HVDC Transmission System Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
11.3.4 XD Main Business Overview
11.3.5 XD Latest Developments
11.4 NR Electric
11.4.1 NR Electric Company Information
11.4.2 NR Electric HVDC Transmission System Product Offered
11.4.3 NR Electric HVDC Transmission System Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
11.4.4 NR Electric Main Business Overview
11.4.5 NR Electric Latest Developments
11.5 GE Grid Solution
11.5.1 GE Grid Solution Company Information
11.5.2 GE Grid Solution HVDC Transmission System Product Offered
11.5.3 GE Grid Solution HVDC Transmission System Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
11.5.4 GE Grid Solution Main Business Overview
11.5.5 GE Grid Solution Latest Developments
11.6 NKT
11.6.1 NKT Company Information
11.6.2 NKT HVDC Transmission System Product Offered
11.6.3 NKT HVDC Transmission System Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
11.6.4 NKT Main Business Overview
11.6.5 NKT Latest Developments
11.7 TBEA
11.7.1 TBEA Company Information
11.7.2 TBEA HVDC Transmission System Product Offered
11.7.3 TBEA HVDC Transmission System Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
11.7.4 TBEA Main Business Overview
11.7.5 TBEA Latest Developments
11.8 XJ Group Corporation
11.8.1 XJ Group Corporation Company Information
11.8.2 XJ Group Corporation HVDC Transmission System Product Offered
11.8.3 XJ Group Corporation HVDC Transmission System Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
11.8.4 XJ Group Corporation Main Business Overview
11.8.5 XJ Group Corporation Latest Developments
11.9 Hitachi ABB Power Grids
11.9.1 Hitachi ABB Power Grids Company Information
11.9.2 Hitachi ABB Power Grids HVDC Transmission System Product Offered
11.9.3 Hitachi ABB Power Grids HVDC Transmission System Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
11.9.4 Hitachi ABB Power Grids Main Business Overview
11.9.5 Hitachi ABB Power Grids Latest Developments
11.10 Nexans
11.10.1 Nexans Company Information
11.10.2 Nexans HVDC Transmission System Product Offered
11.10.3 Nexans HVDC Transmission System Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
11.10.4 Nexans Main Business Overview
11.10.5 Nexans Latest Developments
11.11 Toshiba
11.11.1 Toshiba Company Information
11.11.2 Toshiba HVDC Transmission System Product Offered
11.11.3 Toshiba HVDC Transmission System Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
11.11.4 Toshiba Main Business Overview
11.11.5 Toshiba Latest Developments
11.12 Mitsubishi Electric
11.12.1 Mitsubishi Electric Company Information
11.12.2 Mitsubishi Electric HVDC Transmission System Product Offered
11.12.3 Mitsubishi Electric HVDC Transmission System Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
11.12.4 Mitsubishi Electric Main Business Overview
11.12.5 Mitsubishi Electric Latest Developments
11.13 Abengoa
11.13.1 Abengoa Company Information
11.13.2 Abengoa HVDC Transmission System Product Offered
11.13.3 Abengoa HVDC Transmission System Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
11.13.4 Abengoa Main Business Overview
11.13.5 Abengoa Latest Developments
11.14 Prysmian Group
11.14.1 Prysmian Group Company Information
11.14.2 Prysmian Group HVDC Transmission System Product Offered
11.14.3 Prysmian Group HVDC Transmission System Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
11.14.4 Prysmian Group Main Business Overview
11.14.5 Prysmian Group Latest Developments
11.15 China XD Group
11.15.1 China XD Group Company Information
11.15.2 China XD Group HVDC Transmission System Product Offered
11.15.3 China XD Group HVDC Transmission System Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
11.15.4 China XD Group Main Business Overview
11.15.5 China XD Group Latest Developments
12 Research Findings and Conclusion
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*If Applicable.