The global HVDC Switches market size was valued at US$ 789 million in 2024 and is projected to reach US$ 1.12 billion by 2030, at a CAGR of 6.0% during the forecast period 2024-2030.
United States HVDC Switches market size was valued at US$ 256 million in 2024 and is projected to reach US$ 352 million by 2030, at a CAGR of 5.4% during the forecast period 2024-2030.
Switches designed for use in High Voltage Direct Current (HVDC) power transmission systems.
Growing investments in HVDC transmission infrastructure. Increasing adoption of renewable energy sources driving demand. Development of more efficient and reliable HVDC switching technologies.
Report Overview
HVDC Switches are designed to close and open very rapidly in case of fault or for maintenance purposes. The switches may have to commutate load current while maintaining the flow of power within DC substation and its availability.
This report provides a deep insight into the global HVDC Switches market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global HVDC Switches Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the HVDC Switches market in any manner.
Global HVDC Switches Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
ABB
Rockwell Automation
General Electric
Keysight
ZTE Corporation
Siemens
Mitsubishi Electric
Market Segmentation (by Type)
Mechanical Switch
Hybrid Switch
Other
Market Segmentation (by Application)
Energy and Electricity
Transportation
Infrastructure
Seismic Application
Other
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the HVDC Switches Market
Overview of the regional outlook of the HVDC Switches Market:
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market from various perspectives through Porter
TABLE OF CONTENTS
Table of Contents
1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of HVDC Switches
1.2 Key Market Segments
1.2.1 HVDC Switches Segment by Type
1.2.2 HVDC Switches Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 HVDC Switches Market Overview
2.1 Global Market Overview
2.1.1 Global HVDC Switches Market Size (M USD) Estimates and Forecasts (2019-2030)
2.1.2 Global HVDC Switches Sales Estimates and Forecasts (2019-2030)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 HVDC Switches Market Competitive Landscape
3.1 Global HVDC Switches Sales by Manufacturers (2019-2024)
3.2 Global HVDC Switches Revenue Market Share by Manufacturers (2019-2024)
3.3 HVDC Switches Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global HVDC Switches Average Price by Manufacturers (2019-2024)
3.5 Manufacturers HVDC Switches Sales Sites, Area Served, Product Type
3.6 HVDC Switches Market Competitive Situation and Trends
3.6.1 HVDC Switches Market Concentration Rate
3.6.2 Global 5 and 10 Largest HVDC Switches Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4 HVDC Switches Industry Chain Analysis
4.1 HVDC Switches Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of HVDC Switches Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Market Restraints
5.5 Industry News
5.5.1 New Product Developments
5.5.2 Mergers & Acquisitions
5.5.3 Expansions
5.5.4 Collaboration/Supply Contracts
5.6 Industry Policies
6 HVDC Switches Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global HVDC Switches Sales Market Share by Type (2019-2024)
6.3 Global HVDC Switches Market Size Market Share by Type (2019-2024)
6.4 Global HVDC Switches Price by Type (2019-2024)
7 HVDC Switches Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global HVDC Switches Market Sales by Application (2019-2024)
7.3 Global HVDC Switches Market Size (M USD) by Application (2019-2024)
7.4 Global HVDC Switches Sales Growth Rate by Application (2019-2024)
8 HVDC Switches Market Segmentation by Region
8.1 Global HVDC Switches Sales by Region
8.1.1 Global HVDC Switches Sales by Region
8.1.2 Global HVDC Switches Sales Market Share by Region
8.2 North America
8.2.1 North America HVDC Switches Sales by Country
8.2.2 U.S.
8.2.3 Canada
8.2.4 Mexico
8.3 Europe
8.3.1 Europe HVDC Switches Sales by Country
8.3.2 Germany
8.3.3 France
8.3.4 U.K.
8.3.5 Italy
8.3.6 Russia
8.4 Asia Pacific
8.4.1 Asia Pacific HVDC Switches Sales by Region
8.4.2 China
8.4.3 Japan
8.4.4 South Korea
8.4.5 India
8.4.6 Southeast Asia
8.5 South America
8.5.1 South America HVDC Switches Sales by Country
8.5.2 Brazil
8.5.3 Argentina
8.5.4 Columbia
8.6 Middle East and Africa
8.6.1 Middle East and Africa HVDC Switches Sales by Region
8.6.2 Saudi Arabia
8.6.3 UAE
8.6.4 Egypt
8.6.5 Nigeria
8.6.6 South Africa
9 Key Companies Profile
9.1 ABB
9.1.1 ABB HVDC Switches Basic Information
9.1.2 ABB HVDC Switches Product Overview
9.1.3 ABB HVDC Switches Product Market Performance
9.1.4 ABB Business Overview
9.1.5 ABB HVDC Switches SWOT Analysis
9.1.6 ABB Recent Developments
9.2 Rockwell Automation
9.2.1 Rockwell Automation HVDC Switches Basic Information
9.2.2 Rockwell Automation HVDC Switches Product Overview
9.2.3 Rockwell Automation HVDC Switches Product Market Performance
9.2.4 Rockwell Automation Business Overview
9.2.5 Rockwell Automation HVDC Switches SWOT Analysis
9.2.6 Rockwell Automation Recent Developments
9.3 General Electric
9.3.1 General Electric HVDC Switches Basic Information
9.3.2 General Electric HVDC Switches Product Overview
9.3.3 General Electric HVDC Switches Product Market Performance
9.3.4 General Electric HVDC Switches SWOT Analysis
9.3.5 General Electric Business Overview
9.3.6 General Electric Recent Developments
9.4 Keysight
9.4.1 Keysight HVDC Switches Basic Information
9.4.2 Keysight HVDC Switches Product Overview
9.4.3 Keysight HVDC Switches Product Market Performance
9.4.4 Keysight Business Overview
9.4.5 Keysight Recent Developments
9.5 ZTE Corporation
9.5.1 ZTE Corporation HVDC Switches Basic Information
9.5.2 ZTE Corporation HVDC Switches Product Overview
9.5.3 ZTE Corporation HVDC Switches Product Market Performance
9.5.4 ZTE Corporation Business Overview
9.5.5 ZTE Corporation Recent Developments
9.6 Siemens
9.6.1 Siemens HVDC Switches Basic Information
9.6.2 Siemens HVDC Switches Product Overview
9.6.3 Siemens HVDC Switches Product Market Performance
9.6.4 Siemens Business Overview
9.6.5 Siemens Recent Developments
9.7 Mitsubishi Electric
9.7.1 Mitsubishi Electric HVDC Switches Basic Information
9.7.2 Mitsubishi Electric HVDC Switches Product Overview
9.7.3 Mitsubishi Electric HVDC Switches Product Market Performance
9.7.4 Mitsubishi Electric Business Overview
9.7.5 Mitsubishi Electric Recent Developments
10 HVDC Switches Market Forecast by Region
10.1 Global HVDC Switches Market Size Forecast
10.2 Global HVDC Switches Market Forecast by Region
10.2.1 North America Market Size Forecast by Country
10.2.2 Europe HVDC Switches Market Size Forecast by Country
10.2.3 Asia Pacific HVDC Switches Market Size Forecast by Region
10.2.4 South America HVDC Switches Market Size Forecast by Country
10.2.5 Middle East and Africa Forecasted Consumption of HVDC Switches by Country
11 Forecast Market by Type and by Application (2025-2030)
11.1 Global HVDC Switches Market Forecast by Type (2025-2030)
11.1.1 Global Forecasted Sales of HVDC Switches by Type (2025-2030)
11.1.2 Global HVDC Switches Market Size Forecast by Type (2025-2030)
11.1.3 Global Forecasted Price of HVDC Switches by Type (2025-2030)
11.2 Global HVDC Switches Market Forecast by Application (2025-2030)
11.2.1 Global HVDC Switches Sales (K Units) Forecast by Application
11.2.2 Global HVDC Switches Market Size (M USD) Forecast by Application (2025-2030)
12 Conclusion and Key Findings
LIST OF TABLES & FIGURES
List of Tables
Table 1. Introduction of the Type
Table 2. Introduction of the Application
Table 3. Market Size (M USD) Segment Executive Summary
Table 4. HVDC Switches Market Size Comparison by Region (M USD)
Table 5. Global HVDC Switches Sales (K Units) by Manufacturers (2019-2024)
Table 6. Global HVDC Switches Sales Market Share by Manufacturers (2019-2024)
Table 7. Global HVDC Switches Revenue (M USD) by Manufacturers (2019-2024)
Table 8. Global HVDC Switches Revenue Share by Manufacturers (2019-2024)
Table 9. Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in HVDC Switches as of 2022)
Table 10. Global Market HVDC Switches Average Price (USD/Unit) of Key Manufacturers (2019-2024)
Table 11. Manufacturers HVDC Switches Sales Sites and Area Served
Table 12. Manufacturers HVDC Switches Product Type
Table 13. Global HVDC Switches Manufacturers Market Concentration Ratio (CR5 and HHI)
Table 14. Mergers & Acquisitions, Expansion Plans
Table 15. Industry Chain Map of HVDC Switches
Table 16. Market Overview of Key Raw Materials
Table 17. Midstream Market Analysis
Table 18. Downstream Customer Analysis
Table 19. Key Development Trends
Table 20. Driving Factors
Table 21. HVDC Switches Market Challenges
Table 22. Global HVDC Switches Sales by Type (K Units)
Table 23. Global HVDC Switches Market Size by Type (M USD)
Table 24. Global HVDC Switches Sales (K Units) by Type (2019-2024)
Table 25. Global HVDC Switches Sales Market Share by Type (2019-2024)
Table 26. Global HVDC Switches Market Size (M USD) by Type (2019-2024)
Table 27. Global HVDC Switches Market Size Share by Type (2019-2024)
Table 28. Global HVDC Switches Price (USD/Unit) by Type (2019-2024)
Table 29. Global HVDC Switches Sales (K Units) by Application
Table 30. Global HVDC Switches Market Size by Application
Table 31. Global HVDC Switches Sales by Application (2019-2024) & (K Units)
Table 32. Global HVDC Switches Sales Market Share by Application (2019-2024)
Table 33. Global HVDC Switches Sales by Application (2019-2024) & (M USD)
Table 34. Global HVDC Switches Market Share by Application (2019-2024)
Table 35. Global HVDC Switches Sales Growth Rate by Application (2019-2024)
Table 36. Global HVDC Switches Sales by Region (2019-2024) & (K Units)
Table 37. Global HVDC Switches Sales Market Share by Region (2019-2024)
Table 38. North America HVDC Switches Sales by Country (2019-2024) & (K Units)
Table 39. Europe HVDC Switches Sales by Country (2019-2024) & (K Units)
Table 40. Asia Pacific HVDC Switches Sales by Region (2019-2024) & (K Units)
Table 41. South America HVDC Switches Sales by Country (2019-2024) & (K Units)
Table 42. Middle East and Africa HVDC Switches Sales by Region (2019-2024) & (K Units)
Table 43. ABB HVDC Switches Basic Information
Table 44. ABB HVDC Switches Product Overview
Table 45. ABB HVDC Switches Sales (K Units), Revenue (M USD), Price (USD/Unit) and Gross Margin (2019-2024)
Table 46. ABB Business Overview
Table 47. ABB HVDC Switches SWOT Analysis
Table 48. ABB Recent Developments
Table 49. Rockwell Automation HVDC Switches Basic Information
Table 50. Rockwell Automation HVDC Switches Product Overview
Table 51. Rockwell Automation HVDC Switches Sales (K Units), Revenue (M USD), Price (USD/Unit) and Gross Margin (2019-2024)
Table 52. Rockwell Automation Business Overview
Table 53. Rockwell Automation HVDC Switches SWOT Analysis
Table 54. Rockwell Automation Recent Developments
Table 55. General Electric HVDC Switches Basic Information
Table 56. General Electric HVDC Switches Product Overview
Table 57. General Electric HVDC Switches Sales (K Units), Revenue (M USD), Price (USD/Unit) and Gross Margin (2019-2024)
Table 58. General Electric HVDC Switches SWOT Analysis
Table 59. General Electric Business Overview
Table 60. General Electric Recent Developments
Table 61. Keysight HVDC Switches Basic Information
Table 62. Keysight HVDC Switches Product Overview
Table 63. Keysight HVDC Switches Sales (K Units), Revenue (M USD), Price (USD/Unit) and Gross Margin (2019-2024)
Table 64. Keysight Business Overview
Table 65. Keysight Recent Developments
Table 66. ZTE Corporation HVDC Switches Basic Information
Table 67. ZTE Corporation HVDC Switches Product Overview
Table 68. ZTE Corporation HVDC Switches Sales (K Units), Revenue (M USD), Price (USD/Unit) and Gross Margin (2019-2024)
Table 69. ZTE Corporation Business Overview
Table 70. ZTE Corporation Recent Developments
Table 71. Siemens HVDC Switches Basic Information
Table 72. Siemens HVDC Switches Product Overview
Table 73. Siemens HVDC Switches Sales (K Units), Revenue (M USD), Price (USD/Unit) and Gross Margin (2019-2024)
Table 74. Siemens Business Overview
Table 75. Siemens Recent Developments
Table 76. Mitsubishi Electric HVDC Switches Basic Information
Table 77. Mitsubishi Electric HVDC Switches Product Overview
Table 78. Mitsubishi Electric HVDC Switches Sales (K Units), Revenue (M USD), Price (USD/Unit) and Gross Margin (2019-2024)
Table 79. Mitsubishi Electric Business Overview
Table 80. Mitsubishi Electric Recent Developments
Table 81. Global HVDC Switches Sales Forecast by Region (2025-2030) & (K Units)
Table 82. Global HVDC Switches Market Size Forecast by Region (2025-2030) & (M USD)
Table 83. North America HVDC Switches Sales Forecast by Country (2025-2030) & (K Units)
Table 84. North America HVDC Switches Market Size Forecast by Country (2025-2030) & (M USD)
Table 85. Europe HVDC Switches Sales Forecast by Country (2025-2030) & (K Units)
Table 86. Europe HVDC Switches Market Size Forecast by Country (2025-2030) & (M USD)
Table 87. Asia Pacific HVDC Switches Sales Forecast by Region (2025-2030) & (K Units)
Table 88. Asia Pacific HVDC Switches Market Size Forecast by Region (2025-2030) & (M USD)
Table 89. South America HVDC Switches Sales Forecast by Country (2025-2030) & (K Units)
Table 90. South America HVDC Switches Market Size Forecast by Country (2025-2030) & (M USD)
Table 91. Middle East and Africa HVDC Switches Consumption Forecast by Country (2025-2030) & (Units)
Table 92. Middle East and Africa HVDC Switches Market Size Forecast by Country (2025-2030) & (M USD)
Table 93. Global HVDC Switches Sales Forecast by Type (2025-2030) & (K Units)
Table 94. Global HVDC Switches Market Size Forecast by Type (2025-2030) & (M USD)
Table 95. Global HVDC Switches Price Forecast by Type (2025-2030) & (USD/Unit)
Table 96. Global HVDC Switches Sales (K Units) Forecast by Application (2025-2030)
Table 97. Global HVDC Switches Market Size Forecast by Application (2025-2030) & (M USD)
List of Figures
Figure 1. Product Picture of HVDC Switches
Figure 2. Data Triangulation
Figure 3. Key Caveats
Figure 4. Global HVDC Switches Market Size (M USD), 2019-2030
Figure 5. Global HVDC Switches Market Size (M USD) (2019-2030)
Figure 6. Global HVDC Switches Sales (K Units) & (2019-2030)
Figure 7. Evaluation Matrix of Segment Market Development Potential (Type)
Figure 8. Evaluation Matrix of Segment Market Development Potential (Application)
Figure 9. Evaluation Matrix of Regional Market Development Potential
Figure 10. HVDC Switches Market Size by Country (M USD)
Figure 11. HVDC Switches Sales Share by Manufacturers in 2023
Figure 12. Global HVDC Switches Revenue Share by Manufacturers in 2023
Figure 13. HVDC Switches Market Share by Company Type (Tier 1, Tier 2 and Tier 3): 2023
Figure 14. Global Market HVDC Switches Average Price (USD/Unit) of Key Manufacturers in 2023
Figure 15. The Global 5 and 10 Largest Players: Market Share by HVDC Switches Revenue in 2023
Figure 16. Evaluation Matrix of Segment Market Development Potential (Type)
Figure 17. Global HVDC Switches Market Share by Type
Figure 18. Sales Market Share of HVDC Switches by Type (2019-2024)
Figure 19. Sales Market Share of HVDC Switches by Type in 2023
Figure 20. Market Size Share of HVDC Switches by Type (2019-2024)
Figure 21. Market Size Market Share of HVDC Switches by Type in 2023
Figure 22. Evaluation Matrix of Segment Market Development Potential (Application)
Figure 23. Global HVDC Switches Market Share by Application
Figure 24. Global HVDC Switches Sales Market Share by Application (2019-2024)
Figure 25. Global HVDC Switches Sales Market Share by Application in 2023
Figure 26. Global HVDC Switches Market Share by Application (2019-2024)
Figure 27. Global HVDC Switches Market Share by Application in 2023
Figure 28. Global HVDC Switches Sales Growth Rate by Application (2019-2024)
Figure 29. Global HVDC Switches Sales Market Share by Region (2019-2024)
Figure 30. North America HVDC Switches Sales and Growth Rate (2019-2024) & (K Units)
Figure 31. North America HVDC Switches Sales Market Share by Country in 2023
Figure 32. U.S. HVDC Switches Sales and Growth Rate (2019-2024) & (K Units)
Figure 33. Canada HVDC Switches Sales (K Units) and Growth Rate (2019-2024)
Figure 34. Mexico HVDC Switches Sales (Units) and Growth Rate (2019-2024)
Figure 35. Europe HVDC Switches Sales and Growth Rate (2019-2024) & (K Units)
Figure 36. Europe HVDC Switches Sales Market Share by Country in 2023
Figure 37. Germany HVDC Switches Sales and Growth Rate (2019-2024) & (K Units)
Figure 38. France HVDC Switches Sales and Growth Rate (2019-2024) & (K Units)
Figure 39. U.K. HVDC Switches Sales and Growth Rate (2019-2024) & (K Units)
Figure 40. Italy HVDC Switches Sales and Growth Rate (2019-2024) & (K Units)
Figure 41. Russia HVDC Switches Sales and Growth Rate (2019-2024) & (K Units)
Figure 42. Asia Pacific HVDC Switches Sales and Growth Rate (K Units)
Figure 43. Asia Pacific HVDC Switches Sales Market Share by Region in 2023
Figure 44. China HVDC Switches Sales and Growth Rate (2019-2024) & (K Units)
Figure 45. Japan HVDC Switches Sales and Growth Rate (2019-2024) & (K Units)
Figure 46. South Korea HVDC Switches Sales and Growth Rate (2019-2024) & (K Units)
Figure 47. India HVDC Switches Sales and Growth Rate (2019-2024) & (K Units)
Figure 48. Southeast Asia HVDC Switches Sales and Growth Rate (2019-2024) & (K Units)
Figure 49. South America HVDC Switches Sales and Growth Rate (K Units)
Figure 50. South America HVDC Switches Sales Market Share by Country in 2023
Figure 51. Brazil HVDC Switches Sales and Growth Rate (2019-2024) & (K Units)
Figure 52. Argentina HVDC Switches Sales and Growth Rate (2019-2024) & (K Units)
Figure 53. Columbia HVDC Switches Sales and Growth Rate (2019-2024) & (K Units)
Figure 54. Middle East and Africa HVDC Switches Sales and Growth Rate (K Units)
Figure 55. Middle East and Africa HVDC Switches Sales Market Share by Region in 2023
Figure 56. Saudi Arabia HVDC Switches Sales and Growth Rate (2019-2024) & (K Units)
Figure 57. UAE HVDC Switches Sales and Growth Rate (2019-2024) & (K Units)
Figure 58. Egypt HVDC Switches Sales and Growth Rate (2019-2024) & (K Units)
Figure 59. Nigeria HVDC Switches Sales and Growth Rate (2019-2024) & (K Units)
Figure 60. South Africa HVDC Switches Sales and Growth Rate (2019-2024) & (K Units)
Figure 61. Global HVDC Switches Sales Forecast by Volume (2019-2030) & (K Units)
Figure 62. Global HVDC Switches Market Size Forecast by Value (2019-2030) & (M USD)
Figure 63. Global HVDC Switches Sales Market Share Forecast by Type (2025-2030)
Figure 64. Global HVDC Switches Market Share Forecast by Type (2025-2030)
Figure 65. Global HVDC Switches Sales Forecast by Application (2025-2030)
Figure 66. Global HVDC Switches Market Share Forecast by Application (2025-2030)
