HVDC 컨버터 시장 : 기술별, 유형별, 정격전력별, 용도별, 지역별 규모, 점유율 및 성장 분석과 산업 예측(2026-2033년)

Global HVDC Converter Market size was valued at USD 3.55 Billion in 2024 and is poised to grow from USD 3.82 Billion in 2025 to USD 6.81 Billion by 2033, growing at a CAGR of 7.5% during the forecast period (2026-2033).

The global HVDC converter market is poised for robust growth, driven by a surge in demand for renewable energy and the need for efficient transmission systems. High Voltage Direct Current (HVDC) technology, which enables the transmission of electrical power over long distances with reduced losses, is becoming increasingly vital as the integration of wind and solar energy into power grids expands. Moreover, aging power grid infrastructure necessitates innovative solutions, and HVDC systems can be seamlessly implemented alongside existing infrastructure. Government initiatives promoting clean energy and energy efficiency are further supporting market expansion. However, challenges such as high initial costs, technical complexities, and competition from alternative technologies must be addressed for sustained growth in this sector.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global HVDC Converter 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.

Global HVDC Converter Market Segments Analysis

Global HVDC Converter Market is segmented by Technology, Type, Power Rating, Application and region. Based on Technology, the market is segmented into Line Commutated Converter (LCC) and Voltage Source Converter (VSC). Based on Type, the market is segmented into Monopolar, Bi-Polar, Back-to-Back and Multi-Terminal. Based on Power Rating, the market is segmented into Low Power and High Power. Based on Application, the market is segmented into Renewable Energy Integration, Bulk Power Transmission, Interconnecting Grids and Urban & Industrial Power Supply. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global HVDC Converter Market

The Global HVDC Converter Market is primarily propelled by the surging demand for electricity across the globe. This heightened demand stems from various factors including population growth, urbanization, and ongoing economic development. As nations advance and their economies flourish, the requirement for electricity intensifies. Emerging markets, in particular, are set to witness substantial growth in this demand. To accommodate this increase, expanding the power transmission infrastructure becomes essential for delivering a stable electricity supply. HVDC converter technology is vital for efficient long-distance power transmission, facilitating the interconnection of regional and national grids while simultaneously minimizing power losses. Additionally, the push for sustainable, low-carbon energy sources amplifies the need for HVDC technology, enabling seamless integration of renewable energies like wind and solar into the grid, thereby ensuring reliable power delivery.

Restraints in the Global HVDC Converter Market

One significant challenge facing the global HVDC converter market is the substantial initial investment required for these advanced systems. Due to their intricate design, HVDC converters necessitate specialized components-such as power electronics, transformers, and control systems-that are typically more expensive than those used in conventional AC transmission networks. The complexity of HVDC technology means it requires skilled engineering expertise for design, installation, and operation, further driving up costs. These high capital expenditures can hinder the adoption of HVDC converters, particularly in areas where electricity prices are low, making traditional AC systems appear more financially viable despite the advantages of HVDC technology.

Market Trends of the Global HVDC Converter Market

The global HVDC converter market is witnessing robust growth driven by increasing energy demands in emerging economies, propelled by rapid urbanization and industrialization. Nations like China, India, and Brazil are prioritizing the development of advanced power grids to sustain their economic expansion and meet escalating electricity needs. HVDC converters are gaining traction due to their efficiency in long-distance power transmission and their capacity to enhance grid stability and reliability. China leads in this market, boasting the highest installed capacity of HVDC systems and significant government investment in grid modernization. Similarly, India's push for renewable energy integration and Brazil's complex grid challenges are further solidifying the relevance of HVDC technology in these regions.

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, 2025
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Case Studies
• Technology Advancement
• Regulatory Landscape
• Patent Analysis
• Trade Analysis

Global HVDC Converter Market Size by Technology & CAGR (2026-2033)

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

Global HVDC Converter Market Size by Type & CAGR (2026-2033)

• Market Overview
• Monopolar
• Bi-Polar
• Back-to-Back
• Multi-Terminal

Global HVDC Converter Market Size by Power Rating & CAGR (2026-2033)

• Market Overview
• Low Power
• High Power

Global HVDC Converter Market Size by Application & CAGR (2026-2033)

• Market Overview
• Renewable Energy Integration
• Bulk Power Transmission
• Interconnecting Grids
• Urban & Industrial Power Supply

Global HVDC Converter Market Size & CAGR (2026-2033)

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

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2025
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2025
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2023-2025)

Key Company Profiles

• ABB Ltd. (Switzerland)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Siemens Energy (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• General Electric (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hitachi Energy (Japan)
  • 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
• Bharat Heavy Electricals Limited (BHEL) (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Alstom Energy (France)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Nexans (France)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• NR Electric Co., Ltd. (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hyosung Heavy Industries (South Korea)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Rongxin Power Electronic Co., Ltd. (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Schneider Electric (France)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• CG Power and Industrial Solutions Limited (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Power Grid Corporation of India Limited (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Prysmian Group (Italy)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Sumitomo Electric Industries, Ltd. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• NKT A/S (Denmark)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• LS Cable & System Ltd. (South Korea)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• TBEA Co., Ltd. (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations