A high-voltage, direct current (HVDC) electric power transmission system (also called a power superhighway or an electrical superhighway) uses direct current for the bulk transmission of electrical power, in contrast with the more common alternating current (AC) systems. Voltage-source converters (VSC) Widely used in motor drives since the 1980s.
The report focuses on the VSC-HVDC market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. Furthermore, the report provides strategies for companies to overcome threats posed by COVID-19.
Technological innovation and advancement will further optimize the performance of the product, enabling it to acquire a wider range of applications in the downstream market. Moreover, customer preference analysis, market dynamics (drivers, restraints, opportunities), new product release, impact of COVID-19, regional conflicts and carbon neutrality provide crucial information for us to take a deep dive into the VSC-HVDC market.
Major Players in the VSC-HVDC market are:
General Electric
Siemens
Nexans
Mitsubishi Electric
NR Electric
Hitachi
C-EPRI Electric Power Engineering
NKT A/S
ABB
Prysmian Group
On the basis of types, the VSC-HVDC market is primarily split into:
IGBTs
GTOs
IGCTs
On the basis of applications, the market covers:
Wind Power Applications
Bulk Power Transmissions
Submarine
Underground Transmissions
Major Regions or countries covered in this report:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
Years considered for this report:
Historical Years: 2017-2021
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2022-2029
Table of Content
1 VSC-HVDC Market Overview
1.1 Product Overview and Scope of VSC-HVDC Market
1.2 VSC-HVDC Market Segment by Type
1.2.1 Global VSC-HVDC Market Sales and CAGR (%) Comparison by Type (2017-2029)
1.3 Global VSC-HVDC Market Segment by Application
1.3.1 VSC-HVDC Market Consumption (Sales) Comparison by Application (2017-2029)
1.4 Global VSC-HVDC Market, Region Wise (2017-2029)
1.4.1 Global VSC-HVDC Market Size (Revenue) and CAGR (%) Comparison by Region (2017-2029)
1.4.2 United States VSC-HVDC Market Status and Prospect (2017-2029)
1.4.3 Europe VSC-HVDC Market Status and Prospect (2017-2029)
1.4.4 China VSC-HVDC Market Status and Prospect (2017-2029)
1.4.5 Japan VSC-HVDC Market Status and Prospect (2017-2029)
1.4.6 India VSC-HVDC Market Status and Prospect (2017-2029)
1.4.7 Southeast Asia VSC-HVDC Market Status and Prospect (2017-2029)
1.4.8 Latin America VSC-HVDC Market Status and Prospect (2017-2029)
1.4.9 Middle East and Africa VSC-HVDC Market Status and Prospect (2017-2029)
1.5 Global Market Size (Revenue) of VSC-HVDC (2017-2029)
1.5.1 Global VSC-HVDC Market Revenue Status and Outlook (2017-2029)
1.5.2 Global VSC-HVDC Market Sales Status and Outlook (2017-2029)
1.6 Influence of Regional Conflicts on the VSC-HVDC Industry
1.7 Impact of Carbon Neutrality on the VSC-HVDC Industry
2 VSC-HVDC Market Upstream and Downstream Analysis
2.1 VSC-HVDC Industrial Chain Analysis
2.2 Key Raw Materials Suppliers and Price Analysis
2.3 Key Raw Materials Supply and Demand Analysis
2.4 Market Concentration Rate of Raw Materials
2.5 Manufacturing Process Analysis
2.6 Manufacturing Cost Structure Analysis
2.6.1 Labor Cost Analysis
2.6.2 Energy Costs Analysis
2.6.3 R&D Costs Analysis
2.7 Major Downstream Buyers of VSC-HVDC Analysis
2.8 Impact of COVID-19 on the Industry Upstream and Downstream
3 Players Profiles
3.1 General Electric
3.1.1 General Electric Basic Information, Manufacturing Base, Sales Area and Competitors
3.1.2 Product Profiles, Application and Specification
3.1.3 VSC-HVDC Market Performance (2017-2022)
3.1.4 Business Overview
3.2 Siemens
3.2.1 Siemens Basic Information, Manufacturing Base, Sales Area and Competitors
3.2.2 Product Profiles, Application and Specification
3.2.3 VSC-HVDC Market Performance (2017-2022)
3.2.4 Business Overview
3.3 Nexans
3.3.1 Nexans Basic Information, Manufacturing Base, Sales Area and Competitors
3.3.2 Product Profiles, Application and Specification
3.3.3 VSC-HVDC Market Performance (2017-2022)
3.3.4 Business Overview
3.4 Mitsubishi Electric
3.4.1 Mitsubishi Electric Basic Information, Manufacturing Base, Sales Area and Competitors
3.4.2 Product Profiles, Application and Specification
3.4.3 VSC-HVDC Market Performance (2017-2022)
3.4.4 Business Overview
3.5 NR Electric
3.5.1 NR Electric Basic Information, Manufacturing Base, Sales Area and Competitors
3.5.2 Product Profiles, Application and Specification
3.5.3 VSC-HVDC Market Performance (2017-2022)
3.5.4 Business Overview
3.6 Hitachi
3.6.1 Hitachi Basic Information, Manufacturing Base, Sales Area and Competitors
3.6.2 Product Profiles, Application and Specification
3.6.3 VSC-HVDC Market Performance (2017-2022)
3.6.4 Business Overview
3.7 C-EPRI Electric Power Engineering
3.7.1 C-EPRI Electric Power Engineering Basic Information, Manufacturing Base, Sales Area and Competitors
3.7.2 Product Profiles, Application and Specification
3.7.3 VSC-HVDC Market Performance (2017-2022)
3.7.4 Business Overview
3.8 NKT A/S
3.8.1 NKT A/S Basic Information, Manufacturing Base, Sales Area and Competitors
3.8.2 Product Profiles, Application and Specification
3.8.3 VSC-HVDC Market Performance (2017-2022)
3.8.4 Business Overview
3.9 ABB
3.9.1 ABB Basic Information, Manufacturing Base, Sales Area and Competitors
3.9.2 Product Profiles, Application and Specification
3.9.3 VSC-HVDC Market Performance (2017-2022)
3.9.4 Business Overview
3.10 Prysmian Group
3.10.1 Prysmian Group Basic Information, Manufacturing Base, Sales Area and Competitors
3.10.2 Product Profiles, Application and Specification
3.10.3 VSC-HVDC Market Performance (2017-2022)
3.10.4 Business Overview
4 Global VSC-HVDC Market Landscape by Player
4.1 Global VSC-HVDC Sales and Share by Player (2017-2022)
4.2 Global VSC-HVDC Revenue and Market Share by Player (2017-2022)
4.3 Global VSC-HVDC Average Price by Player (2017-2022)
4.4 Global VSC-HVDC Gross Margin by Player (2017-2022)
4.5 VSC-HVDC Market Competitive Situation and Trends
4.5.1 VSC-HVDC Market Concentration Rate
4.5.2 VSC-HVDC Market Share of Top 3 and Top 6 Players
4.5.3 Mergers & Acquisitions, Expansion
5 Global VSC-HVDC Sales, Revenue, Price Trend by Type
5.1 Global VSC-HVDC Sales and Market Share by Type (2017-2022)
5.2 Global VSC-HVDC Revenue and Market Share by Type (2017-2022)
5.3 Global VSC-HVDC Price by Type (2017-2022)
5.4 Global VSC-HVDC Sales, Revenue and Growth Rate by Type (2017-2022)
5.4.1 Global VSC-HVDC Sales, Revenue and Growth Rate of IGBTs (2017-2022)
5.4.2 Global VSC-HVDC Sales, Revenue and Growth Rate of GTOs (2017-2022)
5.4.3 Global VSC-HVDC Sales, Revenue and Growth Rate of IGCTs (2017-2022)
6 Global VSC-HVDC Market Analysis by Application
6.1 Global VSC-HVDC Consumption and Market Share by Application (2017-2022)
6.2 Global VSC-HVDC Consumption Revenue and Market Share by Application (2017-2022)
6.3 Global VSC-HVDC Consumption and Growth Rate by Application (2017-2022)
6.3.1 Global VSC-HVDC Consumption and Growth Rate of Wind Power Applications (2017-2022)
6.3.2 Global VSC-HVDC Consumption and Growth Rate of Bulk Power Transmissions (2017-2022)
6.3.3 Global VSC-HVDC Consumption and Growth Rate of Submarine (2017-2022)
6.3.4 Global VSC-HVDC Consumption and Growth Rate of Underground Transmissions (2017-2022)
7 Global VSC-HVDC Sales and Revenue Region Wise (2017-2022)
7.1 Global VSC-HVDC Sales and Market Share, Region Wise (2017-2022)
7.2 Global VSC-HVDC Revenue and Market Share, Region Wise (2017-2022)
7.3 Global VSC-HVDC Sales, Revenue, Price and Gross Margin (2017-2022)
7.4 United States VSC-HVDC Sales, Revenue, Price and Gross Margin (2017-2022)
7.4.1 United States VSC-HVDC Market Under COVID-19
7.5 Europe VSC-HVDC Sales, Revenue, Price and Gross Margin (2017-2022)
7.5.1 Europe VSC-HVDC Market Under COVID-19
7.6 China VSC-HVDC Sales, Revenue, Price and Gross Margin (2017-2022)
7.6.1 China VSC-HVDC Market Under COVID-19
7.7 Japan VSC-HVDC Sales, Revenue, Price and Gross Margin (2017-2022)
7.7.1 Japan VSC-HVDC Market Under COVID-19
7.8 India VSC-HVDC Sales, Revenue, Price and Gross Margin (2017-2022)
7.8.1 India VSC-HVDC Market Under COVID-19
7.9 Southeast Asia VSC-HVDC Sales, Revenue, Price and Gross Margin (2017-2022)
7.9.1 Southeast Asia VSC-HVDC Market Under COVID-19
7.10 Latin America VSC-HVDC Sales, Revenue, Price and Gross Margin (2017-2022)
7.10.1 Latin America VSC-HVDC Market Under COVID-19
7.11 Middle East and Africa VSC-HVDC Sales, Revenue, Price and Gross Margin (2017-2022)
7.11.1 Middle East and Africa VSC-HVDC Market Under COVID-19
8 Global VSC-HVDC Market Forecast (2022-2029)
8.1 Global VSC-HVDC Sales, Revenue Forecast (2022-2029)
8.1.1 Global VSC-HVDC Sales and Growth Rate Forecast (2022-2029)
8.1.2 Global VSC-HVDC Revenue and Growth Rate Forecast (2022-2029)
8.1.3 Global VSC-HVDC Price and Trend Forecast (2022-2029)
8.2 Global VSC-HVDC Sales and Revenue Forecast, Region Wise (2022-2029)
8.2.1 United States VSC-HVDC Sales and Revenue Forecast (2022-2029)
8.2.2 Europe VSC-HVDC Sales and Revenue Forecast (2022-2029)
8.2.3 China VSC-HVDC Sales and Revenue Forecast (2022-2029)
8.2.4 Japan VSC-HVDC Sales and Revenue Forecast (2022-2029)
8.2.5 India VSC-HVDC Sales and Revenue Forecast (2022-2029)
8.2.6 Southeast Asia VSC-HVDC Sales and Revenue Forecast (2022-2029)
8.2.7 Latin America VSC-HVDC Sales and Revenue Forecast (2022-2029)
8.2.8 Middle East and Africa VSC-HVDC Sales and Revenue Forecast (2022-2029)
8.3 Global VSC-HVDC Sales, Revenue and Price Forecast by Type (2022-2029)
8.3.1 Global VSC-HVDC Revenue and Growth Rate of IGBTs (2022-2029)
8.3.2 Global VSC-HVDC Revenue and Growth Rate of GTOs (2022-2029)
8.3.3 Global VSC-HVDC Revenue and Growth Rate of IGCTs (2022-2029)
8.4 Global VSC-HVDC Consumption Forecast by Application (2022-2029)
8.4.1 Global VSC-HVDC Consumption Value and Growth Rate of Wind Power Applications (2022-2029)
8.4.2 Global VSC-HVDC Consumption Value and Growth Rate of Bulk Power Transmissions (2022-2029)
8.4.3 Global VSC-HVDC Consumption Value and Growth Rate of Submarine (2022-2029)
8.4.4 Global VSC-HVDC Consumption Value and Growth Rate of Underground Transmissions (2022-2029)
8.5 VSC-HVDC Market Forecast Under COVID-19
9 Industry Outlook
9.1 VSC-HVDC Market Drivers Analysis
9.2 VSC-HVDC Market Restraints and Challenges
9.3 VSC-HVDC Market Opportunities Analysis
9.4 Emerging Market Trends
9.5 VSC-HVDC Industry Technology Status and Trends
9.6 News of Product Release
9.7 Consumer Preference Analysis
9.8 VSC-HVDC Industry Development Trends under COVID-19 Outbreak
9.8.1 Global COVID-19 Status Overview
9.8.2 Influence of COVID-19 Outbreak on VSC-HVDC Industry Development
10 Research Findings and Conclusion
11 Appendix
11.1 Methodology
11.2 Research Data Source
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List of Tables and Figures
Figure VSC-HVDC Product Picture
Table Global VSC-HVDC Market Sales and CAGR (%) Comparison by Type
Table Profile of IGBTs
Table Profile of GTOs
Table Profile of IGCTs
Table VSC-HVDC Market Consumption (Sales) Comparison by Application (2017-2029)
Table Profile of Wind Power Applications
Table Profile of Bulk Power Transmissions
Table Profile of Submarine
Table Profile of Underground Transmissions
Figure Global VSC-HVDC Market Size (Revenue, Million USD) and CAGR (%) (2017-2029)
Figure United States VSC-HVDC Market Revenue (Million USD) and Growth Rate (2017-2029)
Figure Europe VSC-HVDC Market Revenue (Million USD) and Growth Rate (2017-2029)
Figure China VSC-HVDC Market Revenue (Million USD) and Growth Rate (2017-2029)
Figure Japan VSC-HVDC Market Revenue (Million USD) and Growth Rate (2017-2029)
Figure India VSC-HVDC Market Revenue (Million USD) and Growth Rate (2017-2029)
Figure Southeast Asia VSC-HVDC Market Revenue (Million USD) and Growth Rate (2017-2029)
Figure Latin America VSC-HVDC Market Revenue (Million USD) and Growth Rate (2017-2029)
Figure Middle East and Africa VSC-HVDC Market Revenue (Million USD) and Growth Rate (2017-2029)
Figure Global VSC-HVDC Market Sales Status and Outlook (2017-2029)
Figure VSC-HVDC Industrial Chain Analysis
Table Key Raw Materials Suppliers and Price Analysis
Figure Market Concentration Rate of Raw Materials
Figure Manufacturing Cost Structure Analysis
Table Downstream Buyers
Table General Electric Profile
Table General Electric Sales, Revenue (Million USD), Price and Gross Margin (2017-2022)
Figure General Electric Sales and Growth Rate
Figure General Electric Revenue (Million USD) Market Share 2017-2022
Table Siemens Profile
Table Siemens Sales, Revenue (Million USD), Price and Gross Margin (2017-2022)
Figure Siemens Sales and Growth Rate
Figure Siemens Revenue (Million USD) Market Share 2017-2022
Table Nexans Profile
Table Nexans Sales, Revenue (Million USD), Price and Gross Margin (2017-2022)
Figure Nexans Sales and Growth Rate
Figure Nexans Revenue (Million USD) Market Share 2017-2022
Table Mitsubishi Electric Profile
Table Mitsubishi Electric Sales, Revenue (Million USD), Price and Gross Margin (2017-2022)
Figure Mitsubishi Electric Sales and Growth Rate
Figure Mitsubishi Electric Revenue (Million USD) Market Share 2017-2022
Table NR Electric Profile
Table NR Electric Sales, Revenue (Million USD), Price and Gross Margin (2017-2022)
Figure NR Electric Sales and Growth Rate
Figure NR Electric Revenue (Million USD) Market Share 2017-2022
Table Hitachi Profile
Table Hitachi Sales, Revenue (Million USD), Price and Gross Margin (2017-2022)
Figure Hitachi Sales and Growth Rate
Figure Hitachi Revenue (Million USD) Market Share 2017-2022
Table C-EPRI Electric Power Engineering Profile
Table C-EPRI Electric Power Engineering Sales, Revenue (Million USD), Price and Gross Margin (2017-2022)
Figure C-EPRI Electric Power Engineering Sales and Growth Rate
Figure C-EPRI Electric Power Engineering Revenue (Million USD) Market Share 2017-2022
Table NKT A/S Profile
Table NKT A/S Sales, Revenue (Million USD), Price and Gross Margin (2017-2022)
Figure NKT A/S Sales and Growth Rate
Figure NKT A/S Revenue (Million USD) Market Share 2017-2022
Table ABB Profile
Table ABB Sales, Revenue (Million USD), Price and Gross Margin (2017-2022)
Figure ABB Sales and Growth Rate
Figure ABB Revenue (Million USD) Market Share 2017-2022
Table Prysmian Group Profile
Table Prysmian Group Sales, Revenue (Million USD), Price and Gross Margin (2017-2022)
Figure Prysmian Group Sales and Growth Rate
Figure Prysmian Group Revenue (Million USD) Market Share 2017-2022
Table Global VSC-HVDC Sales by Player (2017-2022)
Table Global VSC-HVDC Sales Share by Player (2017-2022)
Figure Global VSC-HVDC Sales Share by Player in 2021
Table VSC-HVDC Revenue (Million USD) by Player (2017-2022)
Table VSC-HVDC Revenue (Million USD) Market Share by Player (2017-2022)
Table VSC-HVDC Price by Player (2017-2022)
Table VSC-HVDC Gross Margin by Player (2017-2022)
Table Mergers & Acquisitions, Expansion Plans
Table Global VSC-HVDC Sales by Type (2017-2022)
Table Global VSC-HVDC Sales Market Share by Type (2017-2022)
Figure Global VSC-HVDC Sales Market Share by Type in 2021
Table Global VSC-HVDC Revenue (Million USD) by Type (2017-2022)
Table Global VSC-HVDC Revenue Market Share by Type (2017-2022)
Figure Global VSC-HVDC Revenue Market Share by Type in 2021
Table VSC-HVDC Price by Type (2017-2022)
Figure Global VSC-HVDC Sales and Growth Rate of IGBTs (2017-2022)
Figure Global VSC-HVDC Revenue (Million USD) and Growth Rate of IGBTs (2017-2022)
Figure Global VSC-HVDC Sales and Growth Rate of GTOs (2017-2022)
Figure Global VSC-HVDC Revenue (Million USD) and Growth Rate of GTOs (2017-2022)
Figure Global VSC-HVDC Sales and Growth Rate of IGCTs (2017-2022)
Figure Global VSC-HVDC Revenue (Million USD) and Growth Rate of IGCTs (2017-2022)
Table Global VSC-HVDC Consumption by Application (2017-2022)
Table Global VSC-HVDC Consumption Market Share by Application (2017-2022)
Table Global VSC-HVDC Consumption Revenue (Million USD) by Application (2017-2022)
Table Global VSC-HVDC Consumption Revenue Market Share by Application (2017-2022)
Table Global VSC-HVDC Consumption and Growth Rate of Wind Power Applications (2017-2022)
Table Global VSC-HVDC Consumption and Growth Rate of Bulk Power Transmissions (2017-2022)
Table Global VSC-HVDC Consumption and Growth Rate of Submarine (2017-2022)
Table Global VSC-HVDC Consumption and Growth Rate of Underground Transmissions (2017-2022)
Table Global VSC-HVDC Sales, Region Wise (2017-2022)
Table Global VSC-HVDC Sales Market Share, Region Wise (2017-2022)
Figure Global VSC-HVDC Sales Market Share, Region Wise (2017-2022)
Figure Global VSC-HVDC Sales Market Share, Region Wise in 2021
Table Global VSC-HVDC Revenue (Million USD), Region Wise (2017-2022)
Table Global VSC-HVDC Revenue Market Share, Region Wise (2017-2022)
Figure Global VSC-HVDC Revenue Market Share, Region Wise (2017-2022)
Figure Global VSC-HVDC Revenue Market Share, Region Wise in 2021
Table Global VSC-HVDC Sales, Revenue (Million USD), Price and Gross Margin (2017-2022)
Table United States VSC-HVDC Sales, Revenue (Million USD), Price and Gross Margin (2017-2022)
Table Europe VSC-HVDC Sales, Revenue (Million USD), Price and Gross Margin (2017-2022)
Table China VSC-HVDC Sales, Revenue (Million USD), Price and Gross Margin (2017-2022)
Table Japan VSC-HVDC Sales, Revenue (Million USD), Price and Gross Margin (2017-2022)
Table India VSC-HVDC Sales, Revenue (Million USD), Price and Gross Margin (2017-2022)
Table Southeast Asia VSC-HVDC Sales, Revenue (Million USD), Price and Gross Margin (2017-2022)
Table Latin America VSC-HVDC Sales, Revenue (Million USD), Price and Gross Margin (2017-2022)
Table Middle East and Africa VSC-HVDC Sales, Revenue (Million USD), Price and Gross Margin (2017-2022)
Figure Global VSC-HVDC Sales and Growth Rate Forecast (2022-2029)
Figure Global VSC-HVDC Revenue (Million USD) and Growth Rate Forecast (2022-2029)
Figure Global VSC-HVDC Price and Trend Forecast (2022-2029)
Figure USA VSC-HVDC Market Sales and Growth Rate Forecast Analysis (2022-2029)
Figure USA VSC-HVDC Market Revenue (Million USD) and Growth Rate Forecast Analysis (2022-2029)
Figure Europe VSC-HVDC Market Sales and Growth Rate Forecast Analysis (2022-2029)
Figure Europe VSC-HVDC Market Revenue (Million USD) and Growth Rate Forecast Analysis (2022-2029)
Figure China VSC-HVDC Market Sales and Growth Rate Forecast Analysis (2022-2029)
Figure China VSC-HVDC Market Revenue (Million USD) and Growth Rate Forecast Analysis (2022-2029)
Figure Japan VSC-HVDC Market Sales and Growth Rate Forecast Analysis (2022-2029)
Figure Japan VSC-HVDC Market Revenue (Million USD) and Growth Rate Forecast Analysis (2022-2029)
Figure India VSC-HVDC Market Sales and Growth Rate Forecast Analysis (2022-2029)
Figure India VSC-HVDC Market Revenue (Million USD) and Growth Rate Forecast Analysis (2022-2029)
Figure Southeast Asia VSC-HVDC Market Sales and Growth Rate Forecast Analysis (2022-2029)
Figure Southeast Asia VSC-HVDC Market Revenue (Million USD) and Growth Rate Forecast Analysis (2022-2029)
Figure Latin America VSC-HVDC Market Sales and Growth Rate Forecast Analysis (2022-2029)
Figure Latin America VSC-HVDC Market Revenue (Million USD) and Growth Rate Forecast Analysis (2022-2029)
Figure Middle East and Africa VSC-HVDC Market Sales and Growth Rate Forecast Analysis (2022-2029)
Figure Middle East and Africa VSC-HVDC Market Revenue (Million USD) and Growth Rate Forecast Analysis (2022-2029)
Table Global VSC-HVDC Market Sales Forecast, by Type
Table Global VSC-HVDC Sales Volume Market Share Forecast, by Type
Table Global VSC-HVDC Market Revenue (Million USD) Forecast, by Type
Table Global VSC-HVDC Revenue Market Share Forecast, by Type
Table Global VSC-HVDC Price Forecast, by Type
Figure Global VSC-HVDC Revenue (Million USD) and Growth Rate of IGBTs (2022-2029)
Figure Global VSC-HVDC Revenue (Million USD) and Growth Rate of GTOs (2022-2029)
Figure Global VSC-HVDC Revenue (Million USD) and Growth Rate of IGCTs (2022-2029)
Table Global VSC-HVDC Market Consumption Forecast, by Application
Table Global VSC-HVDC Consumption Volume Market Share Forecast, by Application
Table Global VSC-HVDC Market Revenue (Million USD) Forecast, by Application
Table Global VSC-HVDC Revenue Market Share Forecast, by Application
Figure Global VSC-HVDC Consumption Value (Million USD) and Growth Rate of Wind Power Applications (2022-2029)
Figure Global VSC-HVDC Consumption Value (Million USD) and Growth Rate of Bulk Power Transmissions (2022-2029)
Figure Global VSC-HVDC Consumption Value (Million USD) and Growth Rate of Submarine (2022-2029)
Figure Global VSC-HVDC Consumption Value (Million USD) and Growth Rate of Underground Transmissions (2022-2029)
Figure Global COVID-19 Status Overview
Table Influence of COVID-19 Outbreak on VSC-HVDC Industry Development