Global HVDC Converter Station Market To Reach USD 11.10 Billion By 2032

As per Zion Market Research, the global HVDC converter station market was is predicted to expandat a CAGR of almost 6.3% to cross USD 11.10 Billion by 2032. Major players such as LSIS, Siemens, General Electric, ABB, Toshiba, Mitsubishi, C-EPRI, NR Electric, , china Xian XD power system, HYOSUNG, XJ Electric, and BHEL.

The >2,000 MW Category By Power Rating Is Predicted To Develop At The Max CAGR In The Coming Years

The >2000 MW power rating section is expected to develop at the max CAGR. The >2000 MW section had the biggest share of the market and the trend is expected to carry on till 2025. The segment is powered by the growth of the power transmission ability of valves, due to which major countries such as China and India have resulted in a high requirement for such stations. In addition to this, the EU aims for power creation via renewable resources have generated a rising requirement for connecting renewable energy sources to the grid, which is additionally predicted to power the requirement in Europe for HVDC converter stations.

LCC Segment By Technology Is Predicted To Have The Biggest Share During The Forecast Period Of The Global Market

The LCC section is predicted to dominate the global market for HVDC converter station, by technology. The growth of thyristor valves in the late times has offered an edge for such stations to transmit bulk power over remote distances. Owing to this, the LCC tech finds usage in UHVDC projects planned for bulk power transport in major nations in Asia Pacific.

Asia Pacific To Add Up For The Biggest Market Size In The Coming Years

The market in Europe is presently the biggest market for HVDC converter stations, after Asia Pacific. The Asia Pacific market is majorly powered by India and China as these are the major nations in the area that have a huge requirement for efficient energy transmission systems. Asia Pacific has the biggest set up of these stations in the globe due to the need of bulk power transmission. In addition to this, China has a number of regional firms such as C-EPRI and NR Electric, among others in the global market to suffice the need of its huge UHVDC projects. China is aiming to link different energy grids to a central hub, powering the HVDC converter stations market.

Browse the full “HVDC Converter Station Market -by Technology (VSC and LCC), by Configuration (Bi-Polar, Monopolar, Multi-Terminal, and Back-to-Back), by Component (Converter Transformer, Valve, Reactor, and Harmonic Filter), by Power Rating (Below 500, More than 500 & Less than 1000, More than 1000 & Less than 1500, More than 1500 & Less than 2000, and More than 2000) and by Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/hvdc-converter-station-market

The global HVDC converter station market is segmented as follows:

By Technology

• LCC
• VSC

By Components

• Valve
• Converter Transformer
• Circuit Breakers
• Harmonic Filters
• Surge Arresters
• Reactors
• Others

By Power Rating

• Below 500
• >500-1000
• >1000-1500
• >1500-2000
• >2000

By Configuration

• Bi-Polar
• Monopolar
• Back-to-back
• Multi Terminal

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com