Report overview
An HVDC converter station (or simply converter station) is a specialised type of substation which forms the terminal equipment for a high-voltage direct current (HVDC) transmission line. It converts direct current to alternating current or the reverse.
This report aims to provide a comprehensive presentation of the global market for HVDC Converter Station, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding HVDC Converter Station. This report contains market size and forecasts of HVDC Converter Station in global, including the following market information:
Global HVDC Converter Station Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global HVDC Converter Station Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five HVDC Converter Station companies in 2022 (%)
The global HVDC Converter Station market was valued at US$ 9142.7 million in 2022 and is projected to reach US$ 13770 million by 2029, at a CAGR of 6.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global HVDC Converter Station key players include ABB, Siemens, GE & Alstom Energy, BHEL, Orano etc. Global top five manufacturers hold a share over 80%.
Europe is the largest market, with a share over 40%, followed by North America and Japan, both have a share over 30% percent.
In terms of product, 1001MW-2000MW is the largest segment, with a share over 15%. And in terms of application, the largest application is Interconnecting Networks followed by Underground Power links.
We surveyed the HVDC Converter Station manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global HVDC Converter Station Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global HVDC Converter Station Market Segment Percentages, by Type, 2022 (%)
0-500MW
501MW-999MW
1000MW-2000MW
2000+ MW
Global HVDC Converter Station Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global HVDC Converter Station Market Segment Percentages, by Application, 2022 (%)
Underground Power links
Powering Island and Remote Loads
Connecting Wind Farms
Interconnecting Networks
Oil & Gas Platforms
Global HVDC Converter Station Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global HVDC Converter Station Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies HVDC Converter Station revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies HVDC Converter Station revenues share in global market, 2022 (%)
Key companies HVDC Converter Station sales in global market, 2018-2023 (Estimated), (K Units)
Key companies HVDC Converter Station sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
ABB
Siemens
GE & Alstom Energy
BHEL
Orano
Hitachi
Toshiba
Mitsubishi
Outline of Major Chapters:
Chapter 1: Introduces the definition of HVDC Converter Station, market overview.
Chapter 2: Global HVDC Converter Station market size in revenue and volume.
Chapter 3: Detailed analysis of HVDC Converter Station manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of HVDC Converter Station in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global HVDC Converter Station capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
