Press release
Global High Voltage Direct Current Converter (HVDC Converter) Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth
Global High Voltage Direct Current Converter (HVDC Converter) MarketAn HVDC converter converts electric power from high voltage alternating current (AC) to high-voltage direct current (HVDC), or vice versa.
The global High Voltage Direct Current Converter (HVDC Converter) market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
HVDC converters can take several different forms. Early HVDC systems, built until the 1930s, were effectively rotary converters and used electromechanical conversion with motor-generator sets connected in series on the DC side and in parallel on the AC side. However, all HVDC systems built since the 1940s have used electronic (static) converters.Electronic converters for HVDC are divided into two main categories. Line-commutated converters (HVDC classic) are made with electronic switches that can only be turned on. Voltage-sourced converters are made with switching devices that can be turned both on and off. Line-commutated converters (LCC) used mercury-arc valves until the 1970s, or thyristors from the 1970s to the present day. Voltage-source converters (VSC), which first appeared in HVDC in 1997, use transistors, usually the Insulated-gate bipolar transistor (IGBT).
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Report Scope
This report aims to provide a comprehensive presentation of the global market for High Voltage Direct Current Converter (HVDC Converter), 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 High Voltage Direct Current Converter (HVDC Converter).
The High Voltage Direct Current Converter (HVDC Converter) market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global High Voltage Direct Current Converter (HVDC Converter) market comprehensively. Regional market sizes, concerning products by power, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the High Voltage Direct Current Converter (HVDC Converter) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by power, by application, and by regions.
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Segment Type
• 0-500MW
• 501MW-999MW
• 1000MW-2000MW
• 2000+ MW
Segment Application
• Energy
• Industrial
• Oil and Gas
• Others
By Company
• North America
• U.S.
• Canada
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Asia-Pacific
• China
• Japan
• South Korea
• Taiwan
• Southeast Asia
• India
• Latin America
• Mexico
• Brazil
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