According to Verified Market Intelligence, The Global HVDC Transmission market was valued at USD 7.52 Billion in 2017 and is projected to reach USD 13.07 Billion by 2025, growing at a CAGR of 7.2% from 2018 to 2025.

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High voltage direct current power system involves usages of direct current for transmitting bulk power over long distances. This transmission allows a stable and secure asynchronous interconnection of power networks operating on different frequencies. It also provides precise and instant control over the flow of power. HVDC transmission lines are less expensive and produce less electrical losses as compared to HVAC transmission. It offers many benefits such as long-distance water crossings, low short-circuit currents, controllability, asynchronous grids and many others. Increase in adoption of cable-based transmission lines contributes to the growth of the HVDC transmission market.
Growing demand for cost-effective solutions for long distance power transmission, rising market for valves and circuit breakers and growing demand for VSC technology in HVDC grids have been driving the global HVDC transmission market. On the other hand, an increase in component cost and high initial investment cost of the transmission grids might hinder the overall growth at a global level.
The “Global HVDC Transmission Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as ABB Ltd., Siemens AG, American Superconductor Corp., General Electric, ATCO Electric Ltd., HVDC Technologies Ltd., Hitachi Ltd., C-Epri Electric Power Engineering Co. Ltd, Mitsubishi Electric Corporation, Epcos, Toshiba Corporation, and Transgrid Solutions, Inc. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.