The HVDC Converter Stations Global Market Report 2023, provides comprehensive information on the hvdc converter stations market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.



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The global HVDC converter stations market size is expected to grow from $11.23 billion in 2022 to $12.28 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global HVDC converter stations market size is expected to reach $16.8 billion in 2027 at a CAGR of 8.1%.



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The strategic partnership is a key trend gaining popularity in the HVDC converter station market. Major companies operating in the HVDC converter stations market are focused on partnerships and collaborations to strengthen and sustain their position in the market. For instance, in March 2023, Hitachi Energy, a Japan-based sustainable energy company, partnered with Gulf Cooperation Council Interconnection Authority (GCCIA), a Saudi-Arabia-based sustainable energy company, to upgrade the Al-Fadhili high-voltage direct current (HVDC) converter station will be able to exchange up to 1,800 megawatts of electricity between different states in middle-east. Furthermore, in September 2021, Siemens Energy AG, a Germany-based energy company, and Sumitomo Electric Industries, Ltd., a Japan-based electric wire and optical fiber cable manufacturer, partnered with Greenlink Interconnector Limited, an Ireland-based electricity company. Through these partnerships, companies aim to supply HVDC technology for power links between Ireland and Great Britain, increase power supply security, and foster the integration of renewable energy.



The hvdc converter stations market is segmented:

1) By Type: Monopolar, Bi-Polar, Back-To-Back, Multi-Terminal

2) By Component: Valve, Converter Transformer, Circuit Breakers, Harmonic Filters, Surge Arresters, Reactors, Other Components

3) By Technology: Line Commutated Converters, Voltage Source Converters

4) By Capacity: < 500 MW, = 500 MW - 1,000 MW, > 1,000 MW - 3,000 MW, > 3,000 MW

5) By Application: Power Industry, Oil And Gas, Powering Island And Remote Loads, Interconnecting Networks

Europe was the largest region in the hvdc converter stations market in 2022.

Major Players:

Hitachi Energy Ltd.
Siemens Energy AG
Bharat Heavy Electricals Limited
GE Grid Solutions LLC
Mitsubishi Electric Corporation
The table of contents in TBRC’s hvdc converter stations market report includes:

1. Executive Summary
2. HVDC Converter Stations Market Characteristics
3. HVDC Converter Stations Market Trends And Strategies
4. HVDC Converter Stations Market - Macro Economic Scenario
5. HVDC Converter Stations Market Size And Growth
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26. Africa HVDC Converter Stations Market
27. HVDC Converter Stations Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The HVDC Converter Stations Market
29. HVDC Converter Stations Market Future Outlook and Potential Analysis
30. Appendix




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