Energy & Power

Global HVDC Devices Market Research Report 2025

This report aims to provide a comprehensive presentation of the global market for HVDC Devices, 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 HVDC Devices.
The HVDC Devices market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global HVDC Devices market comprehensively. Regional market sizes, concerning products by Type, 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 HVDC Devices companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Hitachi ABB Power Grids
Siemens
Prysmian Group
XD Group
GE Grid Solution
TBEA
Xuji Group
Nexans
NKT
Toshiba Energy Systems & Solutions
Mitsubishi Electric
Segment by Type
Voltage-Source Converters (VSC)
Converter Transformers
HVDC Converter Stations
Other
Segment by Application
Overhead Transmission
Underground Transmission
Subsea Transmission
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of HVDC Devices company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global HVDC Devices Market Size Growth Rate by Type: 2020 VS 2024 VS 2031
1.2.2 Voltage-Source Converters (VSC)
1.2.3 Converter Transformers
1.2.4 HVDC Converter Stations
1.2.5 Other
1.3 Market by Application
1.3.1 Global HVDC Devices Market Growth by Application: 2020 VS 2024 VS 2031
1.3.2 Overhead Transmission
1.3.3 Underground Transmission
1.3.4 Subsea Transmission
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global HVDC Devices Market Perspective (2020-2031)
2.2 Global HVDC Devices Growth Trends by Region
2.2.1 Global HVDC Devices Market Size by Region: 2020 VS 2024 VS 2031
2.2.2 HVDC Devices Historic Market Size by Region (2020-2025)
2.2.3 HVDC Devices Forecasted Market Size by Region (2026-2031)
2.3 HVDC Devices Market Dynamics
2.3.1 HVDC Devices Industry Trends
2.3.2 HVDC Devices Market Drivers
2.3.3 HVDC Devices Market Challenges
2.3.4 HVDC Devices Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top HVDC Devices Players by Revenue
3.1.1 Global Top HVDC Devices Players by Revenue (2020-2025)
3.1.2 Global HVDC Devices Revenue Market Share by Players (2020-2025)
3.2 Global HVDC Devices Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by HVDC Devices Revenue
3.4 Global HVDC Devices Market Concentration Ratio
3.4.1 Global HVDC Devices Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by HVDC Devices Revenue in 2024
3.5 Global Key Players of HVDC Devices Head office and Area Served
3.6 Global Key Players of HVDC Devices, Product and Application
3.7 Global Key Players of HVDC Devices, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 HVDC Devices Breakdown Data by Type
4.1 Global HVDC Devices Historic Market Size by Type (2020-2025)
4.2 Global HVDC Devices Forecasted Market Size by Type (2026-2031)
5 HVDC Devices Breakdown Data by Application
5.1 Global HVDC Devices Historic Market Size by Application (2020-2025)
5.2 Global HVDC Devices Forecasted Market Size by Application (2026-2031)
6 North America
6.1 North America HVDC Devices Market Size (2020-2031)
6.2 North America HVDC Devices Market Growth Rate by Country: 2020 VS 2024 VS 2031
6.3 North America HVDC Devices Market Size by Country (2020-2025)
6.4 North America HVDC Devices Market Size by Country (2026-2031)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe HVDC Devices Market Size (2020-2031)
7.2 Europe HVDC Devices Market Growth Rate by Country: 2020 VS 2024 VS 2031
7.3 Europe HVDC Devices Market Size by Country (2020-2025)
7.4 Europe HVDC Devices Market Size by Country (2026-2031)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific HVDC Devices Market Size (2020-2031)
8.2 Asia-Pacific HVDC Devices Market Growth Rate by Region: 2020 VS 2024 VS 2031
8.3 Asia-Pacific HVDC Devices Market Size by Region (2020-2025)
8.4 Asia-Pacific HVDC Devices Market Size by Region (2026-2031)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America HVDC Devices Market Size (2020-2031)
9.2 Latin America HVDC Devices Market Growth Rate by Country: 2020 VS 2024 VS 2031
9.3 Latin America HVDC Devices Market Size by Country (2020-2025)
9.4 Latin America HVDC Devices Market Size by Country (2026-2031)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa HVDC Devices Market Size (2020-2031)
10.2 Middle East & Africa HVDC Devices Market Growth Rate by Country: 2020 VS 2024 VS 2031
10.3 Middle East & Africa HVDC Devices Market Size by Country (2020-2025)
10.4 Middle East & Africa HVDC Devices Market Size by Country (2026-2031)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Hitachi ABB Power Grids
11.1.1 Hitachi ABB Power Grids Company Details
11.1.2 Hitachi ABB Power Grids Business Overview
11.1.3 Hitachi ABB Power Grids HVDC Devices Introduction
11.1.4 Hitachi ABB Power Grids Revenue in HVDC Devices Business (2020-2025)
11.1.5 Hitachi ABB Power Grids Recent Development
11.2 Siemens
11.2.1 Siemens Company Details
11.2.2 Siemens Business Overview
11.2.3 Siemens HVDC Devices Introduction
11.2.4 Siemens Revenue in HVDC Devices Business (2020-2025)
11.2.5 Siemens Recent Development
11.3 Prysmian Group
11.3.1 Prysmian Group Company Details
11.3.2 Prysmian Group Business Overview
11.3.3 Prysmian Group HVDC Devices Introduction
11.3.4 Prysmian Group Revenue in HVDC Devices Business (2020-2025)
11.3.5 Prysmian Group Recent Development
11.4 XD Group
11.4.1 XD Group Company Details
11.4.2 XD Group Business Overview
11.4.3 XD Group HVDC Devices Introduction
11.4.4 XD Group Revenue in HVDC Devices Business (2020-2025)
11.4.5 XD Group Recent Development
11.5 GE Grid Solution
11.5.1 GE Grid Solution Company Details
11.5.2 GE Grid Solution Business Overview
11.5.3 GE Grid Solution HVDC Devices Introduction
11.5.4 GE Grid Solution Revenue in HVDC Devices Business (2020-2025)
11.5.5 GE Grid Solution Recent Development
11.6 TBEA
11.6.1 TBEA Company Details
11.6.2 TBEA Business Overview
11.6.3 TBEA HVDC Devices Introduction
11.6.4 TBEA Revenue in HVDC Devices Business (2020-2025)
11.6.5 TBEA Recent Development
11.7 Xuji Group
11.7.1 Xuji Group Company Details
11.7.2 Xuji Group Business Overview
11.7.3 Xuji Group HVDC Devices Introduction
11.7.4 Xuji Group Revenue in HVDC Devices Business (2020-2025)
11.7.5 Xuji Group Recent Development
11.8 Nexans
11.8.1 Nexans Company Details
11.8.2 Nexans Business Overview
11.8.3 Nexans HVDC Devices Introduction
11.8.4 Nexans Revenue in HVDC Devices Business (2020-2025)
11.8.5 Nexans Recent Development
11.9 NKT
11.9.1 NKT Company Details
11.9.2 NKT Business Overview
11.9.3 NKT HVDC Devices Introduction
11.9.4 NKT Revenue in HVDC Devices Business (2020-2025)
11.9.5 NKT Recent Development
11.10 Toshiba Energy Systems & Solutions
11.10.1 Toshiba Energy Systems & Solutions Company Details
11.10.2 Toshiba Energy Systems & Solutions Business Overview
11.10.3 Toshiba Energy Systems & Solutions HVDC Devices Introduction
11.10.4 Toshiba Energy Systems & Solutions Revenue in HVDC Devices Business (2020-2025)
11.10.5 Toshiba Energy Systems & Solutions Recent Development
11.11 Mitsubishi Electric
11.11.1 Mitsubishi Electric Company Details
11.11.2 Mitsubishi Electric Business Overview
11.11.3 Mitsubishi Electric HVDC Devices Introduction
11.11.4 Mitsubishi Electric Revenue in HVDC Devices Business (2020-2025)
11.11.5 Mitsubishi Electric Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer
List of Tables
Table 1. Global HVDC Devices Market Size Growth Rate by Type (US$ Million): 2020 VS 2024 VS 2031
Table 2. Key Players of Voltage-Source Converters (VSC)
Table 3. Key Players of Converter Transformers
Table 4. Key Players of HVDC Converter Stations
Table 5. Key Players of Other
Table 6. Global HVDC Devices Market Size Growth by Application (US$ Million): 2020 VS 2024 VS 2031
Table 7. Global HVDC Devices Market Size by Region (US$ Million): 2020 VS 2024 VS 2031
Table 8. Global HVDC Devices Market Size by Region (2020-2025) & (US$ Million)
Table 9. Global HVDC Devices Market Share by Region (2020-2025)
Table 10. Global HVDC Devices Forecasted Market Size by Region (2026-2031) & (US$ Million)
Table 11. Global HVDC Devices Market Share by Region (2026-2031)
Table 12. HVDC Devices Market Trends
Table 13. HVDC Devices Market Drivers
Table 14. HVDC Devices Market Challenges
Table 15. HVDC Devices Market Restraints
Table 16. Global HVDC Devices Revenue by Players (2020-2025) & (US$ Million)
Table 17. Global HVDC Devices Market Share by Players (2020-2025)
Table 18. Global Top HVDC Devices Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in HVDC Devices as of 2024)
Table 19. Ranking of Global Top HVDC Devices Companies by Revenue (US$ Million) in 2024
Table 20. Global 5 Largest Players Market Share by HVDC Devices Revenue (CR5 and HHI) & (2020-2025)
Table 21. Global Key Players of HVDC Devices, Headquarters and Area Served
Table 22. Global Key Players of HVDC Devices, Product and Application
Table 23. Global Key Players of HVDC Devices, Date of Enter into This Industry
Table 24. Mergers & Acquisitions, Expansion Plans
Table 25. Global HVDC Devices Market Size by Type (2020-2025) & (US$ Million)
Table 26. Global HVDC Devices Revenue Market Share by Type (2020-2025)
Table 27. Global HVDC Devices Forecasted Market Size by Type (2026-2031) & (US$ Million)
Table 28. Global HVDC Devices Revenue Market Share by Type (2026-2031)
Table 29. Global HVDC Devices Market Size by Application (2020-2025) & (US$ Million)
Table 30. Global HVDC Devices Revenue Market Share by Application (2020-2025)
Table 31. Global HVDC Devices Forecasted Market Size by Application (2026-2031) & (US$ Million)
Table 32. Global HVDC Devices Revenue Market Share by Application (2026-2031)
Table 33. North America HVDC Devices Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031
Table 34. North America HVDC Devices Market Size by Country (2020-2025) & (US$ Million)
Table 35. North America HVDC Devices Market Size by Country (2026-2031) & (US$ Million)
Table 36. Europe HVDC Devices Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031
Table 37. Europe HVDC Devices Market Size by Country (2020-2025) & (US$ Million)
Table 38. Europe HVDC Devices Market Size by Country (2026-2031) & (US$ Million)
Table 39. Asia-Pacific HVDC Devices Market Size Growth Rate by Region (US$ Million): 2020 VS 2024 VS 2031
Table 40. Asia-Pacific HVDC Devices Market Size by Region (2020-2025) & (US$ Million)
Table 41. Asia-Pacific HVDC Devices Market Size by Region (2026-2031) & (US$ Million)
Table 42. Latin America HVDC Devices Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031
Table 43. Latin America HVDC Devices Market Size by Country (2020-2025) & (US$ Million)
Table 44. Latin America HVDC Devices Market Size by Country (2026-2031) & (US$ Million)
Table 45. Middle East & Africa HVDC Devices Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031
Table 46. Middle East & Africa HVDC Devices Market Size by Country (2020-2025) & (US$ Million)
Table 47. Middle East & Africa HVDC Devices Market Size by Country (2026-2031) & (US$ Million)
Table 48. Hitachi ABB Power Grids Company Details
Table 49. Hitachi ABB Power Grids Business Overview
Table 50. Hitachi ABB Power Grids HVDC Devices Product
Table 51. Hitachi ABB Power Grids Revenue in HVDC Devices Business (2020-2025) & (US$ Million)
Table 52. Hitachi ABB Power Grids Recent Development
Table 53. Siemens Company Details
Table 54. Siemens Business Overview
Table 55. Siemens HVDC Devices Product
Table 56. Siemens Revenue in HVDC Devices Business (2020-2025) & (US$ Million)
Table 57. Siemens Recent Development
Table 58. Prysmian Group Company Details
Table 59. Prysmian Group Business Overview
Table 60. Prysmian Group HVDC Devices Product
Table 61. Prysmian Group Revenue in HVDC Devices Business (2020-2025) & (US$ Million)
Table 62. Prysmian Group Recent Development
Table 63. XD Group Company Details
Table 64. XD Group Business Overview
Table 65. XD Group HVDC Devices Product
Table 66. XD Group Revenue in HVDC Devices Business (2020-2025) & (US$ Million)
Table 67. XD Group Recent Development
Table 68. GE Grid Solution Company Details
Table 69. GE Grid Solution Business Overview
Table 70. GE Grid Solution HVDC Devices Product
Table 71. GE Grid Solution Revenue in HVDC Devices Business (2020-2025) & (US$ Million)
Table 72. GE Grid Solution Recent Development
Table 73. TBEA Company Details
Table 74. TBEA Business Overview
Table 75. TBEA HVDC Devices Product
Table 76. TBEA Revenue in HVDC Devices Business (2020-2025) & (US$ Million)
Table 77. TBEA Recent Development
Table 78. Xuji Group Company Details
Table 79. Xuji Group Business Overview
Table 80. Xuji Group HVDC Devices Product
Table 81. Xuji Group Revenue in HVDC Devices Business (2020-2025) & (US$ Million)
Table 82. Xuji Group Recent Development
Table 83. Nexans Company Details
Table 84. Nexans Business Overview
Table 85. Nexans HVDC Devices Product
Table 86. Nexans Revenue in HVDC Devices Business (2020-2025) & (US$ Million)
Table 87. Nexans Recent Development
Table 88. NKT Company Details
Table 89. NKT Business Overview
Table 90. NKT HVDC Devices Product
Table 91. NKT Revenue in HVDC Devices Business (2020-2025) & (US$ Million)
Table 92. NKT Recent Development
Table 93. Toshiba Energy Systems & Solutions Company Details
Table 94. Toshiba Energy Systems & Solutions Business Overview
Table 95. Toshiba Energy Systems & Solutions HVDC Devices Product
Table 96. Toshiba Energy Systems & Solutions Revenue in HVDC Devices Business (2020-2025) & (US$ Million)
Table 97. Toshiba Energy Systems & Solutions Recent Development
Table 98. Mitsubishi Electric Company Details
Table 99. Mitsubishi Electric Business Overview
Table 100. Mitsubishi Electric HVDC Devices Product
Table 101. Mitsubishi Electric Revenue in HVDC Devices Business (2020-2025) & (US$ Million)
Table 102. Mitsubishi Electric Recent Development
Table 103. Research Programs/Design for This Report
Table 104. Key Data Information from Secondary Sources
Table 105. Key Data Information from Primary Sources
Table 106. Authors List of This Report


List of Figures
Figure 1. HVDC Devices Picture
Figure 2. Global HVDC Devices Market Size Comparison by Type (2020-2031) & (US$ Million)
Figure 3. Global HVDC Devices Market Share by Type: 2024 VS 2031
Figure 4. Voltage-Source Converters (VSC) Features
Figure 5. Converter Transformers Features
Figure 6. HVDC Converter Stations Features
Figure 7. Other Features
Figure 8. Global HVDC Devices Market Size by Application (2020-2031) & (US$ Million)
Figure 9. Global HVDC Devices Market Share by Application: 2024 VS 2031
Figure 10. Overhead Transmission Case Studies
Figure 11. Underground Transmission Case Studies
Figure 12. Subsea Transmission Case Studies
Figure 13. HVDC Devices Report Years Considered
Figure 14. Global HVDC Devices Market Size (US$ Million), Year-over-Year: 2020-2031
Figure 15. Global HVDC Devices Market Size, (US$ Million), 2020 VS 2024 VS 2031
Figure 16. Global HVDC Devices Market Share by Region: 2024 VS 2031
Figure 17. Global HVDC Devices Market Share by Players in 2024
Figure 18. Global Top HVDC Devices Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in HVDC Devices as of 2024)
Figure 19. The Top 10 and 5 Players Market Share by HVDC Devices Revenue in 2024
Figure 20. North America HVDC Devices Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 21. North America HVDC Devices Market Share by Country (2020-2031)
Figure 22. United States HVDC Devices Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 23. Canada HVDC Devices Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 24. Europe HVDC Devices Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 25. Europe HVDC Devices Market Share by Country (2020-2031)
Figure 26. Germany HVDC Devices Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 27. France HVDC Devices Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 28. U.K. HVDC Devices Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 29. Italy HVDC Devices Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 30. Russia HVDC Devices Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 31. Nordic Countries HVDC Devices Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 32. Asia-Pacific HVDC Devices Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 33. Asia-Pacific HVDC Devices Market Share by Region (2020-2031)
Figure 34. China HVDC Devices Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 35. Japan HVDC Devices Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 36. South Korea HVDC Devices Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 37. Southeast Asia HVDC Devices Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 38. India HVDC Devices Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 39. Australia HVDC Devices Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 40. Latin America HVDC Devices Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 41. Latin America HVDC Devices Market Share by Country (2020-2031)
Figure 42. Mexico HVDC Devices Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 43. Brazil HVDC Devices Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 44. Middle East & Africa HVDC Devices Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 45. Middle East & Africa HVDC Devices Market Share by Country (2020-2031)
Figure 46. Turkey HVDC Devices Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 47. Saudi Arabia HVDC Devices Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 48. UAE HVDC Devices Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 49. Hitachi ABB Power Grids Revenue Growth Rate in HVDC Devices Business (2020-2025)
Figure 50. Siemens Revenue Growth Rate in HVDC Devices Business (2020-2025)
Figure 51. Prysmian Group Revenue Growth Rate in HVDC Devices Business (2020-2025)
Figure 52. XD Group Revenue Growth Rate in HVDC Devices Business (2020-2025)
Figure 53. GE Grid Solution Revenue Growth Rate in HVDC Devices Business (2020-2025)
Figure 54. TBEA Revenue Growth Rate in HVDC Devices Business (2020-2025)
Figure 55. Xuji Group Revenue Growth Rate in HVDC Devices Business (2020-2025)
Figure 56. Nexans Revenue Growth Rate in HVDC Devices Business (2020-2025)
Figure 57. NKT Revenue Growth Rate in HVDC Devices Business (2020-2025)
Figure 58. Toshiba Energy Systems & Solutions Revenue Growth Rate in HVDC Devices Business (2020-2025)
Figure 59. Mitsubishi Electric Revenue Growth Rate in HVDC Devices Business (2020-2025)
Figure 60. Bottom-up and Top-down Approaches for This Report
Figure 61. Data Triangulation
Figure 62. Key Executives Interviewed
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