HVDC 송전 시스템 시장 규모, 점유율, 성장 분석 : 유형별, 기술별, 용도별, 지역별 - 산업 예측(2025-2032년)

HVDC Transmission System Market size was valued at USD 11.6 billion in 2023 and is poised to grow from USD 12.35 billion in 2024 to USD 20.45 billion by 2032, growing at a CAGR of 6.5% during the forecast period (2025-2032).

The global High Voltage Direct Current (HVDC) Transmission System market has experienced substantial growth in recent years, fueled by critical factors. HVDC technology is vital for efficiently transmitting large amounts of power over long distances, significantly reducing transmission losses compared to conventional AC systems. The rising demand for HVDC systems is largely driven by the increased integration of renewable energy sources, such as wind and solar, enabling effective electricity transport from remote generation sites to urban centers. Governments and utilities are investing in power grid interconnection to enhance energy security and reliability, as HVDC systems allow for efficient power transfer between grids operating at different voltages and frequencies. Ongoing technological advancements, including voltage source converters (VSC) and line-commutated converters (LCC), further enhance system performance and control capabilities.

Top-down and bottom-up approaches were used to estimate and validate the size of the HVDC Transmission System market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

HVDC Transmission System Market Segments Analysis

Global HVDC Transmission System Market is segmented by Type, Technology, Application and region. Based on Type, the market is segmented into High-power Rating Projects and Low-power Rating Projects. Based on Technology, the market is segmented into Line Commutated Converter (LCC) and Voltage Source Converter (VSC). Based on Application, the market is segmented into Subsea, Underground, Overhead and Mixed. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the HVDC Transmission System Market

The HVDC Transmission System market is being significantly driven by the increasing demand for sustainable and long-distance energy transmission solutions. HVDC technology allows for efficient energy transfer over extensive distances while minimizing energy losses, making it a favorable option for interconnecting diverse power grids and transmitting energy from remote renewable sources. The rising integration of renewable energy, particularly from offshore wind farms, accelerates market growth as HVDC systems are well-suited for the environmentally friendly transportation of this renewable power to urban areas. This convergence of factors contributes to the growing relevance of HVDC systems in modern energy infrastructure.

Restraints in the HVDC Transmission System Market

A significant constraint in the HVDC Transmission System market is the considerable initial capital investment required for establishing the infrastructure. The substantial upfront costs linked to converter stations, DC lines, and various other components can deter potential projects, especially in regions with limited financial resources. This financial barrier can hinder the adoption of HVDC technology, as stakeholders may be hesitant to allocate such large sums for projects that may not provide immediate returns. As a result, the high capital expenditure associated with deploying HVDC systems serves as a notable obstacle within the industry, affecting its growth and expansion.

Market Trends of the HVDC Transmission System Market

The global HVDC Transmission System market is increasingly influenced by the rising integration of HVDC technology with renewable energy projects, particularly in the offshore wind sector. This trend is driven by the need for efficient electricity transport from remote renewable sources to onshore infrastructure, enabling the transition to cleaner energy. HVDC systems are emerging as a vital solution for addressing the challenges of long-distance power transmission, minimizing energy losses, and enhancing grid stability. As governments and organizations prioritize sustainability, the demand for HVDC systems is expected to accelerate, fostering investment and innovation in this transformative segment of the energy market.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Drivers & Opportunities
  • Restraints & Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2024
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Case Study Analysis

Global HVDC Transmission System Market Size by Type & CAGR (2025-2032)

• Market Overview
• High-power Rating Projects
• Low-power Rating Projects

Global HVDC Transmission System Market Size by Technology & CAGR (2025-2032)

• Market Overview
• Line Commutated Converter (LCC)
• Voltage Source Converter (VSC)

Global HVDC Transmission System Market Size by Application & CAGR (2025-2032)

• Market Overview
• Subsea
• Underground
• Overhead
• Mixed

Global HVDC Transmission System Market Size & CAGR (2025-2032)

• North America (Type, Technology, Application)
  • US
  • Canada
• Europe (Type, Technology, Application)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Type, Technology, Application)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Type, Technology, Application)
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Type, Technology, Application)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2024
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2024
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2022-2024)

Key Company Profiles

• ABB Ltd. (Switzerland)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Siemens AG (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Toshiba Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Mitsubishi Electric Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hitachi Ltd. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• NR Electric Co., Ltd (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Prysmian Group (Italy)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• General Electric Company (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• C-EPRI Electric Power Engineering Co. Ltd. (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• LS Industrial Systems Co., Ltd. (South Korea)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• NKT A/S (Denmark)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Nexans (France)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• XD Group (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• TBEA (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• GE Grid Solutions (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• State Grid Corporation of China (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• China South Grid (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hydro-Quebec (Canada)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations