HVDC referred to as high voltage direct current which is a potential technology for bulk power transmission over long distances, with lower electrical losses and higher efficiency. It offers precise and instant control of the power flow. Once installed, it becomes an important part of the electrical power systems and improves reliability, stability, and transmission capacity. There are several factors contributing to market growth, such as rapid industrialization across the globe and significant demand for renewable energy sources. Rapid industrialization across the globe has been reported due to government initiatives for domestic manufacturing of goods. For instance, Made in China is an initiative aimed to make China leader in global high-tech manufacturing. CCP (Chinese Communist Party) has taken steps to shift focus towards significant production of energy, mining products, and consumer goods such as footwear and clothing, which constitute almost half of the country’s economy.

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Such government initiatives are supporting industrialization and thereby, leading to an increase in the consumption of energy. As a result, this significantly increases the need for more facilities in transmission and interconnection systems at optimal cost, which in turn, surges the demand for HVAC (High voltage alternating current) and HVDC transmission systems. HVDC transmission systems are considered as a more efficient and economical way of power transmission as it can transport power efficiently and cost-effectively over long distances with reduced transmission lines rather than losses in AC systems. In addition, only two conductors are required for a single line in DC transmission, while in AC transmission, minimum of three conductors are required and for double circuit line, six conductors are required. Therefore, the HVDC transmission system is a cost-effective way to transmit power over long distances.

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Global HVDC Transmission Market Segmentation



By Type

Point-to-Point System

Back-to-Back System

Multi Terminal System

By Technology

Voltage Source Converter (VSC)

Line Commutated Converters (LCC)

By Application

Bulk Power Transmission

Interconnecting Grids

Infeed Urban Areas

Regional Analysis

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe

Asia-Pacific

China

India

Japan

Rest of Asia-Pacific

Rest of the World

Company Profiles

ABB Ltd.

American Superconductor Corp.

ATCO Ltd.

Bharat Heavy Electricals Ltd.

C-EPRI Electric Power Engineering Co., Ltd.

General Electric Co.

Hitachi Ltd.

HVDC Technologies Ltd.

Mitsubishi Electric Corp.

Nexans

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