The global High Voltage Direct Current (HVDC) Transmission market size is projected to reach USD 15.68 billion by 2029

• Global High Voltage Direct Current (HVDC) Transmission Market

HVDC Transmission 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.

According to the new market research report “Global High Voltage Direct Current (HVDC) Transmission Market Report 2023-2029”, published by GIResearch, the global High Voltage Direct Current (HVDC) Transmission market size is projected to reach USD 15.68 billion by 2029, at a CAGR of 6.9% during the forecast period.

• Global High Voltage Direct Current (HVDC) Transmission MarketSize(US$ Million), 2018-2029

Source: GlobalInfoResearch, “Global High Voltage Direct Current (HVDC) Transmission Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030”(HVDC) Transmission Market Report 2023-2029 (published in 2023). If you need the latest data, plaese contact GIResearch..

• Global High Voltage Direct Current (HVDC) Transmission Top12Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)

Source: GlobalInfoResearch, “Global High Voltage Direct Current (HVDC) Transmission Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030”(HVDC) Transmission Market Report 2023-2029 (published in 2023). If you need the latest data, plaese contact GIResearch.

The global key manufacturers of High Voltage Direct Current (HVDC) Transmission include Hitachi ABB Power Grids , Siemens, Prysmian Group, XD Group, GE Grid Solution, TBEA, Xuji Group, Nexans, NKT, Toshiba Energy Systems & Solutions , etc. In 2022, the global top five players had a share approximately 59.0% in terms of revenue.

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