Global HVDC Transmission Market size was valued at USD 10.87 Bn in 2023 and is expected to reach USD 19.49 Bn by 2030, at a CAGR of 8.7 %.
HVDC Transmission Market Overview:
The HVDC Transmission Market study offers a complete view of the competition, including market share and company profiles for the world’s largest competitors. The research scope includes a thorough examination of the HVDC Transmission Market , as well as the factors influencing the industry’s growth across a variety of sectors.
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Market Scope:
Market size is validated and estimated by segment using both top-down and bottom-up methodologies. The market estimates in the study are based on the sale price (excluding any discounts offered by the manufacturer, distributor, wholesaler, or trader). Weights based on usage rate and average sale price are assigned to each location to provide percentage splits, market shares, and segment breakdowns. The entire market and its sub-segments are divided by country based on the percentage adoption or usage of the given market size in the relevant area or nation.
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Segmentation:
by Component
Converter Stations
Transmission Cables
Others
by Technology
Capacitor Commutated Converter
Voltage Source Converter
Line Commutated Converter
Key Players:
Primary and secondary research are utilized to identify market leaders, and they are also used to assess market revenue. The core study included in-depth interviews with major thought leaders and industry professionals such as experienced front-line workers, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry professionals, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of the primary research, while the leading manufacturers’ annual and financial reports were reviewed in the secondary research. Secondary data is utilized to calculate percentage splits, market share, growth rates, and global market breakdowns, which are then cross-checked against primary data.
The biggest players in the HVDC Transmission Market are as follows:
1. ABB (Zürich, Switzerland)
2. Siemens (Munich, Germany)
3. General Electric (Boston, Massachusetts, USA)
4. Hitachi (Tokyo, Japan)
5. Mitsubishi Electric (Tokyo, Japan)
6. Nexans (Paris, France)
7. NKT A/S (Brøndby, Denmark)
8. NR Electric (Nanjing, China)
9. C-Epri Electric Power Engineering (Beijing, China)
10. Prysmian Group (Milan, Italy)
11. Schneider Electric (Rueil-Malmaison, France)
12. Toshiba (Tokyo, Japan)
13. Epcos (Munich, Germany)
14. Aecom (Los Angeles, California, USA)
15. PSC Group (Melbourne, Australia)
Regional Analysis:
Individual market influencing components, as well as changes in market laws that affect present and future market trends, are described in the regional overview. Current and future trends are investigated in order to assess the entire market potential and identify profitable patterns in order to gain a stronger foothold. The geographical market appraisal is based on the existing situation and expected trends.
Key questions addressed in the HVDC Transmission Market Report include:
- In 2023, which segment dominated the HVDC Transmission Market ?
- What is the competitive landscape of the HVDC Transmission Market ?
- What are the primary factors impacting HVDC Transmission Market growth?
- Which region controls the majority of the HVDC Transmission Market ?
- What is the projected CAGR for the HVDC Transmission Market from 2023 to 2029?
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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