United States HVDC Transmission Market 2025 | Industry Developments, Future Growth, Share & Industry Insights

HVDC Transmission Market is expected to grow at a CAGR of 8% during the forecast period 2024-2031

DataM Intelligence unveils its latest report on the "HVDC Transmission Market Size 2025," offering an in-depth analysis of market trends, growth drivers, competitive landscape, and regional dynamics. The study covers market size in value and volume, CAGR forecasts, and emerging opportunities that can guide businesses in seizing growth potential and crafting winning strategies. Packed with data-driven insights on current developments and future trends, this report is essential for companies aiming to stay ahead in the competitive Market.

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List of Top Key Player: Siemens AG, ABB, General Electric Co., Hitachi Ltd, Mitsubishi Electric Corporation, NKT A/S, Nexans S.A., NR Electric Co., Ltd., and Toshiba Corporation.

United States - Industry Developments:

✅ Hitachi Energy and Grid United announced a key milestone in the development of the North Plains Connector, a 420-mile HVDC interregional transmission system capable of transporting up to 3,000 MW of electricity between the eastern and western U.S.

✅ SuperX unveiled a Modular AI Factory Solution integrating high-performance AI servers, high-density liquid cooling, and HVDC power systems, enhancing system efficiency and reliability.

Japan - Industry Developments:

✅ SuperX announced plans to establish an AI Supply Center in Japan, serving as a regional hub for the integration and delivery of AI servers and HVDC products, with a projected annual capacity of 10,000 units.

South Korea - Industry Developments:

✅ Hyosung Heavy Industries secured a long-term supply agreement for ultra-high-voltage transformers with German transmission system operators, strengthening its global position in power solutions.

✅ A major new HVDC project, the "West Coast Underwater Power Highway," is set to transmit electricity from the Honam region to the Seoul metropolitan area, featuring a 620-kilometer underwater transmission network.

Forecast Projection:

The Global HVDC Transmission Market is poised for significant growth between 2025 and 2032. In 2024, the market maintained a steady upward trajectory, and with strategic initiatives by leading players accelerating adoption, the market is expected to soar throughout the forecast period. Companies leveraging these trends are well-positioned to capture emerging opportunities and maximize revenue potential.

Market Intelligence Research Process:

The HVDC Transmission Market research report by DataM Intelligence combines primary and secondary data to deliver deep, actionable insights. It examines the full spectrum of factors shaping the industry, from government regulations and market conditions to competitive dynamics, historical trends, technological breakthroughs, upcoming innovations, and potential challenges. This comprehensive analysis not only highlights growth prospects but also identifies barriers, equipping businesses to navigate market volatility and capitalize on emerging opportunities.

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Key Segmentation:

By Technology (Capacitor Commutated Converter (CCC), Voltage Source Converter (VSC), Line Commutated Converter (LCC)),

By Configuration (Point-to-Point, Back-to-Back, Multi-terminal)

By Voltage (350 kV, 350-640 kV, 640-800 kV, 800 kV)

By Application (Bulk Power Transmission, Interconnection of Grids, Infeed Urban Areas, Offshore Grid, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Global Growth Regional Analysis:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1 - Market Overview: Kickstarts the report with a comprehensive snapshot of the HVDC Transmission Market, summarizing key segments by region, product type, and application. Highlights include market size, segment growth potential, and short- & long-term industry outlook.

Chapter 2 - Emerging Trends: Uncovers the game-changing trends and high-impact innovations shaping the future of the industry.

Chapter 3 - Competitive Landscape: Offers a deep dive into market competition, detailing revenue shares, strategic initiatives, and recent mergers & acquisitions.

Chapter 4 - Top Player Profiles: Features detailed company profiles, covering revenue, profit margins, product lines, and major milestones for leading market players.

Chapters 5 & 6 - Regional & Country Analysis: Breaks down revenue performance across global regions, providing insights on market sizes, opportunities, and growth prospects worldwide.

Chapter 7 - Segmentation Analysis: Explores market segmentation by type, revealing high-potential categories and guiding businesses towards lucrative areas.

Chapter 8 - Application Insights: Examines downstream markets and identifies promising sectors for expansion, showing how different applications are driving growth.

Chapter 9 - Supply Chain Mapping: Maps the entire industry supply chain, highlighting upstream and downstream activities for a holistic market perspective.

Chapter 10 - Key Takeaways: Concludes with critical insights and actionable strategies, equipping stakeholders to make informed decisions and stay ahead in the market.

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FAQ's

Q1: How fast is the HVDC Transmission Market expected to grow in the coming years?

A: HVDC Transmission Market is expected to grow at a CAGR of 8% during the forecast period 2024-2031

Q2: Which regions are dominating the HVDC Transmission Market and which are fastest-growing?

A: North America dominating the HVDC Transmission market.

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