Energy & Power
Global HVDC Voltage Source Converters (VSC) Market Outlook, In‑Depth Analysis & Forecast to 2031
- Nov 04, 25
- ID: 562303
- Pages: 137
- Figures: 145
- Views: 2
Report Includes:
This definitive report equips CEOs, marketing directors, and investors with a 360° view of the global HVDC Voltage Source Converters (VSC) market across value chain. It analyzes historical revenue data (2020–2024) and delivers forecasts through 2031, illuminating demand trends and growth drivers.
By segmenting the market by Type and by Application, the study quantifies market size, growth rates, niche opportunities, and substitution risks, and analyzes downstream customers distribution pattern.
Granular regional insights cover five major markets—North America, Europe, APAC, South America, and MEA—with in‑depth analysis of 20+ countries, detailing dominant products, competitive landscape, and downstream demand trends.
Critical competitive intelligence profiles players—revenue, margins, pricing strategies, and major customers—and dissects the top-player positioning across product lines, applications, and regions to reveal strategic strengths.
A concise Industry‑chain overview maps upstream, middlestream, and downstream distribution dynamics to identify strategic gaps and unmet demand.
Market Segmentation
By Company
Siemens Energy
Hitachi Energy
GE Vernova
NARI Technology
Toshiba
Rongxin Huiko Electric
XJ Electric
Hyosung Heavy Industries
XD Electric
TBEA
Sifang Automation
Mitsubishi Electric
Segment by Type
Two/Three-level Converter
Multi-level Converter
Segment by Application
Wind Power
Hydropower
Others
Sales by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
Japan
South Korea
India
Australia
Vietnam
Indonesia
Malaysia
Philippines
Singapore
Rest of Asia
Europe
Germany
U.K.
France
Italy
Spain
Benelux
Russia
Rest of Europe
Central and South America
Brazil
Argentina
Rest of South America
Middle East & Africa
GCC Countries
Egypt
Israel
South Africa
Rest of MEA
Chapter Outline
Chapter 1: Defines the HVDC Voltage Source Converters (VSC) study scope, segments the market by Type and by Application, etc, highlights segment size and growth potential.
Chapter 2: Offers current market state, projects global revenue and sales to 2031, pinpointing high consumption regions and emerging market catalysts
Chapter 3: Dissects the player landscape—ranks by revenue and profitability, details Player performance by product type and evaluates concentration alongside M&A moves.
Chapter 4: Unlocks high margin product segments—compares revenue, ASP, and technology differentiators, highlighting growth niches and substitution risks
Chapter 5: Targets downstream market opportunities—evaluates market size by Application, identifies emerging use cases, and profiles leading customers by region and by Application.
Chapter 6: North America—breaks down market size by Type, by Application and country, profiles key players and assesses growth drivers and barriers.
Chapter 7: Europe—analyses regional market by Type, by Application and players, flagging drivers and barriers.
Chapter 8: Asia Pacific—quantifies market size by Type, by Application, and region/country, profiles top players, and uncovers high potential expansion areas.
Chapter 9: Central & South America—measures market size by Type, by Application, and country, profiles top players, and identifies investment opportunities and challenges.
Chapter 10: Middle East and Africa—evaluates market size by Type, by Application, and country, profiles key players, and outlines investment prospects and market hurdles
Chapter 11: Profiles players in depth—details product specs, revenue, margins; Top-tier players 2024 sales breakdowns by Product type, by Application, by region SWOT analysis, and recent strategic developments.
Chapter 12: Industry chain—analyses upstream, cost drivers, plus downstream channels.
Chapter 13: Market dynamics—explores drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 14: Actionable conclusions and strategic recommendations.
Why This Report:
Beyond standard market data, this analysis provides a clear profitability roadmap—empowering you to:
Allocate capital strategically to high growth regions (Chapters 6–10) and margin rich segments (Chapter 5).
Negotiate from strength with suppliers (Chapter 12) and customers (Chapter 5) using cost and demand intelligence.
Outmaneuver competitors with granular insights into their operations, margins, and strategies (Chapters 3 and 11).
Capitalize on the projected billion‑dollar opportunity with data‑driven regional and segment tactics (Chapter 12-14).
Leverage this 360° intelligence to turn market complexity into actionable competitive advantage.
This definitive report equips CEOs, marketing directors, and investors with a 360° view of the global HVDC Voltage Source Converters (VSC) market across value chain. It analyzes historical revenue data (2020–2024) and delivers forecasts through 2031, illuminating demand trends and growth drivers.
By segmenting the market by Type and by Application, the study quantifies market size, growth rates, niche opportunities, and substitution risks, and analyzes downstream customers distribution pattern.
Granular regional insights cover five major markets—North America, Europe, APAC, South America, and MEA—with in‑depth analysis of 20+ countries, detailing dominant products, competitive landscape, and downstream demand trends.
Critical competitive intelligence profiles players—revenue, margins, pricing strategies, and major customers—and dissects the top-player positioning across product lines, applications, and regions to reveal strategic strengths.
A concise Industry‑chain overview maps upstream, middlestream, and downstream distribution dynamics to identify strategic gaps and unmet demand.
Market Segmentation
By Company
Siemens Energy
Hitachi Energy
GE Vernova
NARI Technology
Toshiba
Rongxin Huiko Electric
XJ Electric
Hyosung Heavy Industries
XD Electric
TBEA
Sifang Automation
Mitsubishi Electric
Segment by Type
Two/Three-level Converter
Multi-level Converter
Segment by Application
Wind Power
Hydropower
Others
Sales by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
Japan
South Korea
India
Australia
Vietnam
Indonesia
Malaysia
Philippines
Singapore
Rest of Asia
Europe
Germany
U.K.
France
Italy
Spain
Benelux
Russia
Rest of Europe
Central and South America
Brazil
Argentina
Rest of South America
Middle East & Africa
GCC Countries
Egypt
Israel
South Africa
Rest of MEA
Chapter Outline
Chapter 1: Defines the HVDC Voltage Source Converters (VSC) study scope, segments the market by Type and by Application, etc, highlights segment size and growth potential.
Chapter 2: Offers current market state, projects global revenue and sales to 2031, pinpointing high consumption regions and emerging market catalysts
Chapter 3: Dissects the player landscape—ranks by revenue and profitability, details Player performance by product type and evaluates concentration alongside M&A moves.
Chapter 4: Unlocks high margin product segments—compares revenue, ASP, and technology differentiators, highlighting growth niches and substitution risks
Chapter 5: Targets downstream market opportunities—evaluates market size by Application, identifies emerging use cases, and profiles leading customers by region and by Application.
Chapter 6: North America—breaks down market size by Type, by Application and country, profiles key players and assesses growth drivers and barriers.
Chapter 7: Europe—analyses regional market by Type, by Application and players, flagging drivers and barriers.
Chapter 8: Asia Pacific—quantifies market size by Type, by Application, and region/country, profiles top players, and uncovers high potential expansion areas.
Chapter 9: Central & South America—measures market size by Type, by Application, and country, profiles top players, and identifies investment opportunities and challenges.
Chapter 10: Middle East and Africa—evaluates market size by Type, by Application, and country, profiles key players, and outlines investment prospects and market hurdles
Chapter 11: Profiles players in depth—details product specs, revenue, margins; Top-tier players 2024 sales breakdowns by Product type, by Application, by region SWOT analysis, and recent strategic developments.
Chapter 12: Industry chain—analyses upstream, cost drivers, plus downstream channels.
Chapter 13: Market dynamics—explores drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 14: Actionable conclusions and strategic recommendations.
Why This Report:
Beyond standard market data, this analysis provides a clear profitability roadmap—empowering you to:
Allocate capital strategically to high growth regions (Chapters 6–10) and margin rich segments (Chapter 5).
Negotiate from strength with suppliers (Chapter 12) and customers (Chapter 5) using cost and demand intelligence.
Outmaneuver competitors with granular insights into their operations, margins, and strategies (Chapters 3 and 11).
Capitalize on the projected billion‑dollar opportunity with data‑driven regional and segment tactics (Chapter 12-14).
Leverage this 360° intelligence to turn market complexity into actionable competitive advantage.
1 Study Coverage
1.1 Introduction to HVDC Voltage Source Converters (VSC): Definition, Properties, and Key Attributes
1.2 Market Segmentation by Type
1.2.1 Global HVDC Voltage Source Converters (VSC) Market Size by Type, 2020 VS 2024 VS 2031
1.2.2 Two/Three-level Converter
1.2.3 Multi-level Converter
1.3 Market Segmentation by Application
1.3.1 Global HVDC Voltage Source Converters (VSC) Market Size by Application, 2020 VS 2024 VS 2031
1.3.2 Wind Power
1.3.3 Hydropower
1.3.4 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Executive Summary
2.1 Global HVDC Voltage Source Converters (VSC) Revenue Estimates and Forecasts 2020-2031
2.2 Global HVDC Voltage Source Converters (VSC) Revenue by Region
2.2.1 Revenue Comparison: 2020 VS 2024 VS 2031
2.2.2 Historical and Forecasted Revenue by Region (2020-2031)
2.2.3 Global Revenue Market Share by Region (2020-2031)
2.2.4 Emerging Market Focus: Growth Drivers & Investment Trends
3 Competition by Players
3.1 Global HVDC Voltage Source Converters (VSC) Player Revenue Rankings and Profitability
3.1.1 Global Revenue (Value) by Players (2020-2025)
3.1.2 Global Key Player Revenue Ranking (2023 vs. 2024)
3.1.3 Revenue-Based Tier Segmentation (Tier 1, Tier 2, and Tier 3)
3.1.4 Gross Margin by Top Player (2020 VS 2024)
3.2 Global HVDC Voltage Source Converters (VSC) Companies Headquarters and Service Footprint
3.3 Main Product Type Market Size by Players
3.3.1 Two/Three-level Converter Market Size by Players
3.3.2 Multi-level Converter Market Size by Players
3.4 Global HVDC Voltage Source Converters (VSC) Market Concentration and Dynamics
3.4.1 Global Market Concentration (CR5 and HHI)
3.4.2 Entrant/Exit Impact Analysis
3.4.3 Strategic Moves: M&A, Expansion, R&D Investment
4 Global Product Segmentation Analysis
4.1 Global HVDC Voltage Source Converters (VSC) Revenue Trends by Type
4.1.1 Global Historical and Forecasted Revenue by Type (2020-2031)
4.1.2 Global Revenue Market Share by Type (2020-2031)
4.2 Key Product Attributes and Differentiation
4.3 Subtype Dynamics: Growth Leaders, Profitability and Risk
4.3.1 High-Growth Niches and Adoption Drivers
4.3.2 Profitability Hotspots and Cost Drivers
4.3.3 Substitution Threats
5 Global Downstream Application Analysis
5.1 Global HVDC Voltage Source Converters (VSC) Revenue by Application
5.1.1 Global Historical and Forecasted Revenue by Application (2020-2031)
5.1.2 Revenue Market Share by Application (2020-2031)
5.1.3 High-Growth Application Identification
5.1.4 Emerging Application Case Studies
5.2 Downstream Customer Analysis
5.2.1 Top Customers by Region
5.2.2 Top Customers by Application
6 North America
6.1 North America Market Size (2020-2031)
6.2 North America Key Players Revenue in 2024
6.3 North America HVDC Voltage Source Converters (VSC) Market Size by Type (2020-2031)
6.4 North America HVDC Voltage Source Converters (VSC) Market Size by Application (2020-2031)
6.5 North America Growth Accelerators and Market Barriers
6.6 North America HVDC Voltage Source Converters (VSC) Market Size by Country
6.6.1 North America Revenue Trends by Country
6.6.2 US
6.6.3 Canada
6.6.4 Mexico
7 Europe
7.1 Europe Market Size (2020-2031)
7.2 Europe Key Players Revenue in 2024
7.3 Europe HVDC Voltage Source Converters (VSC) Market Size by Type (2020-2031)
7.4 Europe HVDC Voltage Source Converters (VSC) Market Size by Application (2020-2031)
7.5 Europe Growth Accelerators and Market Barriers
7.6 Europe HVDC Voltage Source Converters (VSC) Market Size by Country
7.6.1 Europe Revenue Trends by Country
7.6.2 Germany
7.6.3 France
7.6.4 U.K.
7.6.5 Italy
7.6.6 Russia
8 Asia-Pacific
8.1 Asia-Pacific Market Size (2020-2031)
8.2 Asia-Pacific Key Players Revenue in 2024
8.3 Asia-Pacific HVDC Voltage Source Converters (VSC) Market Size by Type (2020-2031)
8.4 Asia-Pacific HVDC Voltage Source Converters (VSC) Market Size by Application (2020-2031)
8.5 Asia-Pacific Growth Accelerators and Market Barriers
8.6 Asia-Pacific HVDC Voltage Source Converters (VSC) Market Size by Region
8.6.1 Asia-Pacific Revenue Trends by Region
8.7 China
8.8 Japan
8.9 South Korea
8.10 Australia
8.11 India
8.12 Southeast Asia
8.12.1 Indonesia
8.12.2 Vietnam
8.12.3 Malaysia
8.12.4 Philippines
8.12.5 Singapore
9 Central and South America
9.1 Central and South America Market Size (2020-2031)
9.2 Central and South America Key Players Revenue in 2024
9.3 Central and South America HVDC Voltage Source Converters (VSC) Market Size by Type (2020-2031)
9.4 Central and South America HVDC Voltage Source Converters (VSC) Market Size by Application (2020-2031)
9.5 Central and South America Investment Opportunities and Key Challenges
9.6 Central and South America HVDC Voltage Source Converters (VSC) Market Size by Country
9.6.1 Central and South America Revenue Trends by Country (2020 VS 2024 VS 2031)
9.6.2 Brazil
9.6.3 Argentina
10 Middle East and Africa
10.1 Middle East and Africa Market Size (2020-2031)
10.2 Middle East and Africa Key Players Revenue in 2024
10.3 Middle East and Africa HVDC Voltage Source Converters (VSC) Market Size by Type (2020-2031)
10.4 Middle East and Africa HVDC Voltage Source Converters (VSC) Market Size by Application (2020-2031)
10.5 Middle East and Africa Investment Opportunities and Key Challenges
10.6 Middle East and Africa HVDC Voltage Source Converters (VSC) Market Size by Country
10.6.1 Middle East and Africa Revenue Trends by Country (2020 VS 2024 VS 2031)
10.6.2 GCC Countries
10.6.3 Israel
10.6.4 Egypt
10.6.5 South Africa
11 Corporate Profile
11.1 Siemens Energy
11.1.1 Siemens Energy Corporation Information
11.1.2 Siemens Energy Business Overview
11.1.3 Siemens Energy HVDC Voltage Source Converters (VSC) Product Features and Attributes
11.1.4 Siemens Energy HVDC Voltage Source Converters (VSC) Revenue and Gross Margin (2020-2025)
11.1.5 Siemens Energy HVDC Voltage Source Converters (VSC) Revenue by Product in 2024
11.1.6 Siemens Energy HVDC Voltage Source Converters (VSC) Revenue by Application in 2024
11.1.7 Siemens Energy HVDC Voltage Source Converters (VSC) Revenue by Geographic Area in 2024
11.1.8 Siemens Energy HVDC Voltage Source Converters (VSC) SWOT Analysis
11.1.9 Siemens Energy Recent Developments
11.2 Hitachi Energy
11.2.1 Hitachi Energy Corporation Information
11.2.2 Hitachi Energy Business Overview
11.2.3 Hitachi Energy HVDC Voltage Source Converters (VSC) Product Features and Attributes
11.2.4 Hitachi Energy HVDC Voltage Source Converters (VSC) Revenue and Gross Margin (2020-2025)
11.2.5 Hitachi Energy HVDC Voltage Source Converters (VSC) Revenue by Product in 2024
11.2.6 Hitachi Energy HVDC Voltage Source Converters (VSC) Revenue by Application in 2024
11.2.7 Hitachi Energy HVDC Voltage Source Converters (VSC) Revenue by Geographic Area in 2024
11.2.8 Hitachi Energy HVDC Voltage Source Converters (VSC) SWOT Analysis
11.2.9 Hitachi Energy Recent Developments
11.3 GE Vernova
11.3.1 GE Vernova Corporation Information
11.3.2 GE Vernova Business Overview
11.3.3 GE Vernova HVDC Voltage Source Converters (VSC) Product Features and Attributes
11.3.4 GE Vernova HVDC Voltage Source Converters (VSC) Revenue and Gross Margin (2020-2025)
11.3.5 GE Vernova HVDC Voltage Source Converters (VSC) Revenue by Product in 2024
11.3.6 GE Vernova HVDC Voltage Source Converters (VSC) Revenue by Application in 2024
11.3.7 GE Vernova HVDC Voltage Source Converters (VSC) Revenue by Geographic Area in 2024
11.3.8 GE Vernova HVDC Voltage Source Converters (VSC) SWOT Analysis
11.3.9 GE Vernova Recent Developments
11.4 NARI Technology
11.4.1 NARI Technology Corporation Information
11.4.2 NARI Technology Business Overview
11.4.3 NARI Technology HVDC Voltage Source Converters (VSC) Product Features and Attributes
11.4.4 NARI Technology HVDC Voltage Source Converters (VSC) Revenue and Gross Margin (2020-2025)
11.4.5 NARI Technology HVDC Voltage Source Converters (VSC) Revenue by Product in 2024
11.4.6 NARI Technology HVDC Voltage Source Converters (VSC) Revenue by Application in 2024
11.4.7 NARI Technology HVDC Voltage Source Converters (VSC) Revenue by Geographic Area in 2024
11.4.8 NARI Technology HVDC Voltage Source Converters (VSC) SWOT Analysis
11.4.9 NARI Technology Recent Developments
11.5 Toshiba
11.5.1 Toshiba Corporation Information
11.5.2 Toshiba Business Overview
11.5.3 Toshiba HVDC Voltage Source Converters (VSC) Product Features and Attributes
11.5.4 Toshiba HVDC Voltage Source Converters (VSC) Revenue and Gross Margin (2020-2025)
11.5.5 Toshiba HVDC Voltage Source Converters (VSC) Revenue by Product in 2024
11.5.6 Toshiba HVDC Voltage Source Converters (VSC) Revenue by Application in 2024
11.5.7 Toshiba HVDC Voltage Source Converters (VSC) Revenue by Geographic Area in 2024
11.5.8 Toshiba HVDC Voltage Source Converters (VSC) SWOT Analysis
11.5.9 Toshiba Recent Developments
11.6 Rongxin Huiko Electric
11.6.1 Rongxin Huiko Electric Corporation Information
11.6.2 Rongxin Huiko Electric Business Overview
11.6.3 Rongxin Huiko Electric HVDC Voltage Source Converters (VSC) Product Features and Attributes
11.6.4 Rongxin Huiko Electric HVDC Voltage Source Converters (VSC) Revenue and Gross Margin (2020-2025)
11.6.5 Rongxin Huiko Electric Recent Developments
11.7 XJ Electric
11.7.1 XJ Electric Corporation Information
11.7.2 XJ Electric Business Overview
11.7.3 XJ Electric HVDC Voltage Source Converters (VSC) Product Features and Attributes
11.7.4 XJ Electric HVDC Voltage Source Converters (VSC) Revenue and Gross Margin (2020-2025)
11.7.5 XJ Electric Recent Developments
11.8 Hyosung Heavy Industries
11.8.1 Hyosung Heavy Industries Corporation Information
11.8.2 Hyosung Heavy Industries Business Overview
11.8.3 Hyosung Heavy Industries HVDC Voltage Source Converters (VSC) Product Features and Attributes
11.8.4 Hyosung Heavy Industries HVDC Voltage Source Converters (VSC) Revenue and Gross Margin (2020-2025)
11.8.5 Hyosung Heavy Industries Recent Developments
11.9 XD Electric
11.9.1 XD Electric Corporation Information
11.9.2 XD Electric Business Overview
11.9.3 XD Electric HVDC Voltage Source Converters (VSC) Product Features and Attributes
11.9.4 XD Electric HVDC Voltage Source Converters (VSC) Revenue and Gross Margin (2020-2025)
11.9.5 XD Electric Recent Developments
11.10 TBEA
11.10.1 TBEA Corporation Information
11.10.2 TBEA Business Overview
11.10.3 TBEA HVDC Voltage Source Converters (VSC) Product Features and Attributes
11.10.4 TBEA HVDC Voltage Source Converters (VSC) Revenue and Gross Margin (2020-2025)
11.10.5 Company Ten Recent Developments
11.11 Sifang Automation
11.11.1 Sifang Automation Corporation Information
11.11.2 Sifang Automation Business Overview
11.11.3 Sifang Automation HVDC Voltage Source Converters (VSC) Product Features and Attributes
11.11.4 Sifang Automation HVDC Voltage Source Converters (VSC) Revenue and Gross Margin (2020-2025)
11.11.5 Sifang Automation Recent Developments
11.12 Mitsubishi Electric
11.12.1 Mitsubishi Electric Corporation Information
11.12.2 Mitsubishi Electric Business Overview
11.12.3 Mitsubishi Electric HVDC Voltage Source Converters (VSC) Product Features and Attributes
11.12.4 Mitsubishi Electric HVDC Voltage Source Converters (VSC) Revenue and Gross Margin (2020-2025)
11.12.5 Mitsubishi Electric Recent Developments
12 HVDC Voltage Source Converters (VSC)Industry Chain Analysis
12.1 HVDC Voltage Source Converters (VSC) Industry Chain
12.2 Upstream Analysis
12.2.1 Upstream Key Suppliers
12.3 Middlestream Analysis
12.4 Downstream Sales Model and Distribution Networks
12.4.1 Sales Channels
12.4.2 Distributors
13 HVDC Voltage Source Converters (VSC) Market Dynamics
13.1 Industry Trends and Evolution
13.2 Market Growth Drivers and Emerging Opportunities
13.3 Market Challenges, Risks, and Restraints
14 Key Findings in the Global HVDC Voltage Source Converters (VSC) Study
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.1.1 Research Programs/Design
15.1.1.2 Market Size Estimation
15.1.1.3 Market Breakdown and Data Triangulation
15.1.2 Data Source
15.1.2.1 Secondary Sources
15.1.2.2 Primary Sources
15.2 Author Details
1.1 Introduction to HVDC Voltage Source Converters (VSC): Definition, Properties, and Key Attributes
1.2 Market Segmentation by Type
1.2.1 Global HVDC Voltage Source Converters (VSC) Market Size by Type, 2020 VS 2024 VS 2031
1.2.2 Two/Three-level Converter
1.2.3 Multi-level Converter
1.3 Market Segmentation by Application
1.3.1 Global HVDC Voltage Source Converters (VSC) Market Size by Application, 2020 VS 2024 VS 2031
1.3.2 Wind Power
1.3.3 Hydropower
1.3.4 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Executive Summary
2.1 Global HVDC Voltage Source Converters (VSC) Revenue Estimates and Forecasts 2020-2031
2.2 Global HVDC Voltage Source Converters (VSC) Revenue by Region
2.2.1 Revenue Comparison: 2020 VS 2024 VS 2031
2.2.2 Historical and Forecasted Revenue by Region (2020-2031)
2.2.3 Global Revenue Market Share by Region (2020-2031)
2.2.4 Emerging Market Focus: Growth Drivers & Investment Trends
3 Competition by Players
3.1 Global HVDC Voltage Source Converters (VSC) Player Revenue Rankings and Profitability
3.1.1 Global Revenue (Value) by Players (2020-2025)
3.1.2 Global Key Player Revenue Ranking (2023 vs. 2024)
3.1.3 Revenue-Based Tier Segmentation (Tier 1, Tier 2, and Tier 3)
3.1.4 Gross Margin by Top Player (2020 VS 2024)
3.2 Global HVDC Voltage Source Converters (VSC) Companies Headquarters and Service Footprint
3.3 Main Product Type Market Size by Players
3.3.1 Two/Three-level Converter Market Size by Players
3.3.2 Multi-level Converter Market Size by Players
3.4 Global HVDC Voltage Source Converters (VSC) Market Concentration and Dynamics
3.4.1 Global Market Concentration (CR5 and HHI)
3.4.2 Entrant/Exit Impact Analysis
3.4.3 Strategic Moves: M&A, Expansion, R&D Investment
4 Global Product Segmentation Analysis
4.1 Global HVDC Voltage Source Converters (VSC) Revenue Trends by Type
4.1.1 Global Historical and Forecasted Revenue by Type (2020-2031)
4.1.2 Global Revenue Market Share by Type (2020-2031)
4.2 Key Product Attributes and Differentiation
4.3 Subtype Dynamics: Growth Leaders, Profitability and Risk
4.3.1 High-Growth Niches and Adoption Drivers
4.3.2 Profitability Hotspots and Cost Drivers
4.3.3 Substitution Threats
5 Global Downstream Application Analysis
5.1 Global HVDC Voltage Source Converters (VSC) Revenue by Application
5.1.1 Global Historical and Forecasted Revenue by Application (2020-2031)
5.1.2 Revenue Market Share by Application (2020-2031)
5.1.3 High-Growth Application Identification
5.1.4 Emerging Application Case Studies
5.2 Downstream Customer Analysis
5.2.1 Top Customers by Region
5.2.2 Top Customers by Application
6 North America
6.1 North America Market Size (2020-2031)
6.2 North America Key Players Revenue in 2024
6.3 North America HVDC Voltage Source Converters (VSC) Market Size by Type (2020-2031)
6.4 North America HVDC Voltage Source Converters (VSC) Market Size by Application (2020-2031)
6.5 North America Growth Accelerators and Market Barriers
6.6 North America HVDC Voltage Source Converters (VSC) Market Size by Country
6.6.1 North America Revenue Trends by Country
6.6.2 US
6.6.3 Canada
6.6.4 Mexico
7 Europe
7.1 Europe Market Size (2020-2031)
7.2 Europe Key Players Revenue in 2024
7.3 Europe HVDC Voltage Source Converters (VSC) Market Size by Type (2020-2031)
7.4 Europe HVDC Voltage Source Converters (VSC) Market Size by Application (2020-2031)
7.5 Europe Growth Accelerators and Market Barriers
7.6 Europe HVDC Voltage Source Converters (VSC) Market Size by Country
7.6.1 Europe Revenue Trends by Country
7.6.2 Germany
7.6.3 France
7.6.4 U.K.
7.6.5 Italy
7.6.6 Russia
8 Asia-Pacific
8.1 Asia-Pacific Market Size (2020-2031)
8.2 Asia-Pacific Key Players Revenue in 2024
8.3 Asia-Pacific HVDC Voltage Source Converters (VSC) Market Size by Type (2020-2031)
8.4 Asia-Pacific HVDC Voltage Source Converters (VSC) Market Size by Application (2020-2031)
8.5 Asia-Pacific Growth Accelerators and Market Barriers
8.6 Asia-Pacific HVDC Voltage Source Converters (VSC) Market Size by Region
8.6.1 Asia-Pacific Revenue Trends by Region
8.7 China
8.8 Japan
8.9 South Korea
8.10 Australia
8.11 India
8.12 Southeast Asia
8.12.1 Indonesia
8.12.2 Vietnam
8.12.3 Malaysia
8.12.4 Philippines
8.12.5 Singapore
9 Central and South America
9.1 Central and South America Market Size (2020-2031)
9.2 Central and South America Key Players Revenue in 2024
9.3 Central and South America HVDC Voltage Source Converters (VSC) Market Size by Type (2020-2031)
9.4 Central and South America HVDC Voltage Source Converters (VSC) Market Size by Application (2020-2031)
9.5 Central and South America Investment Opportunities and Key Challenges
9.6 Central and South America HVDC Voltage Source Converters (VSC) Market Size by Country
9.6.1 Central and South America Revenue Trends by Country (2020 VS 2024 VS 2031)
9.6.2 Brazil
9.6.3 Argentina
10 Middle East and Africa
10.1 Middle East and Africa Market Size (2020-2031)
10.2 Middle East and Africa Key Players Revenue in 2024
10.3 Middle East and Africa HVDC Voltage Source Converters (VSC) Market Size by Type (2020-2031)
10.4 Middle East and Africa HVDC Voltage Source Converters (VSC) Market Size by Application (2020-2031)
10.5 Middle East and Africa Investment Opportunities and Key Challenges
10.6 Middle East and Africa HVDC Voltage Source Converters (VSC) Market Size by Country
10.6.1 Middle East and Africa Revenue Trends by Country (2020 VS 2024 VS 2031)
10.6.2 GCC Countries
10.6.3 Israel
10.6.4 Egypt
10.6.5 South Africa
11 Corporate Profile
11.1 Siemens Energy
11.1.1 Siemens Energy Corporation Information
11.1.2 Siemens Energy Business Overview
11.1.3 Siemens Energy HVDC Voltage Source Converters (VSC) Product Features and Attributes
11.1.4 Siemens Energy HVDC Voltage Source Converters (VSC) Revenue and Gross Margin (2020-2025)
11.1.5 Siemens Energy HVDC Voltage Source Converters (VSC) Revenue by Product in 2024
11.1.6 Siemens Energy HVDC Voltage Source Converters (VSC) Revenue by Application in 2024
11.1.7 Siemens Energy HVDC Voltage Source Converters (VSC) Revenue by Geographic Area in 2024
11.1.8 Siemens Energy HVDC Voltage Source Converters (VSC) SWOT Analysis
11.1.9 Siemens Energy Recent Developments
11.2 Hitachi Energy
11.2.1 Hitachi Energy Corporation Information
11.2.2 Hitachi Energy Business Overview
11.2.3 Hitachi Energy HVDC Voltage Source Converters (VSC) Product Features and Attributes
11.2.4 Hitachi Energy HVDC Voltage Source Converters (VSC) Revenue and Gross Margin (2020-2025)
11.2.5 Hitachi Energy HVDC Voltage Source Converters (VSC) Revenue by Product in 2024
11.2.6 Hitachi Energy HVDC Voltage Source Converters (VSC) Revenue by Application in 2024
11.2.7 Hitachi Energy HVDC Voltage Source Converters (VSC) Revenue by Geographic Area in 2024
11.2.8 Hitachi Energy HVDC Voltage Source Converters (VSC) SWOT Analysis
11.2.9 Hitachi Energy Recent Developments
11.3 GE Vernova
11.3.1 GE Vernova Corporation Information
11.3.2 GE Vernova Business Overview
11.3.3 GE Vernova HVDC Voltage Source Converters (VSC) Product Features and Attributes
11.3.4 GE Vernova HVDC Voltage Source Converters (VSC) Revenue and Gross Margin (2020-2025)
11.3.5 GE Vernova HVDC Voltage Source Converters (VSC) Revenue by Product in 2024
11.3.6 GE Vernova HVDC Voltage Source Converters (VSC) Revenue by Application in 2024
11.3.7 GE Vernova HVDC Voltage Source Converters (VSC) Revenue by Geographic Area in 2024
11.3.8 GE Vernova HVDC Voltage Source Converters (VSC) SWOT Analysis
11.3.9 GE Vernova Recent Developments
11.4 NARI Technology
11.4.1 NARI Technology Corporation Information
11.4.2 NARI Technology Business Overview
11.4.3 NARI Technology HVDC Voltage Source Converters (VSC) Product Features and Attributes
11.4.4 NARI Technology HVDC Voltage Source Converters (VSC) Revenue and Gross Margin (2020-2025)
11.4.5 NARI Technology HVDC Voltage Source Converters (VSC) Revenue by Product in 2024
11.4.6 NARI Technology HVDC Voltage Source Converters (VSC) Revenue by Application in 2024
11.4.7 NARI Technology HVDC Voltage Source Converters (VSC) Revenue by Geographic Area in 2024
11.4.8 NARI Technology HVDC Voltage Source Converters (VSC) SWOT Analysis
11.4.9 NARI Technology Recent Developments
11.5 Toshiba
11.5.1 Toshiba Corporation Information
11.5.2 Toshiba Business Overview
11.5.3 Toshiba HVDC Voltage Source Converters (VSC) Product Features and Attributes
11.5.4 Toshiba HVDC Voltage Source Converters (VSC) Revenue and Gross Margin (2020-2025)
11.5.5 Toshiba HVDC Voltage Source Converters (VSC) Revenue by Product in 2024
11.5.6 Toshiba HVDC Voltage Source Converters (VSC) Revenue by Application in 2024
11.5.7 Toshiba HVDC Voltage Source Converters (VSC) Revenue by Geographic Area in 2024
11.5.8 Toshiba HVDC Voltage Source Converters (VSC) SWOT Analysis
11.5.9 Toshiba Recent Developments
11.6 Rongxin Huiko Electric
11.6.1 Rongxin Huiko Electric Corporation Information
11.6.2 Rongxin Huiko Electric Business Overview
11.6.3 Rongxin Huiko Electric HVDC Voltage Source Converters (VSC) Product Features and Attributes
11.6.4 Rongxin Huiko Electric HVDC Voltage Source Converters (VSC) Revenue and Gross Margin (2020-2025)
11.6.5 Rongxin Huiko Electric Recent Developments
11.7 XJ Electric
11.7.1 XJ Electric Corporation Information
11.7.2 XJ Electric Business Overview
11.7.3 XJ Electric HVDC Voltage Source Converters (VSC) Product Features and Attributes
11.7.4 XJ Electric HVDC Voltage Source Converters (VSC) Revenue and Gross Margin (2020-2025)
11.7.5 XJ Electric Recent Developments
11.8 Hyosung Heavy Industries
11.8.1 Hyosung Heavy Industries Corporation Information
11.8.2 Hyosung Heavy Industries Business Overview
11.8.3 Hyosung Heavy Industries HVDC Voltage Source Converters (VSC) Product Features and Attributes
11.8.4 Hyosung Heavy Industries HVDC Voltage Source Converters (VSC) Revenue and Gross Margin (2020-2025)
11.8.5 Hyosung Heavy Industries Recent Developments
11.9 XD Electric
11.9.1 XD Electric Corporation Information
11.9.2 XD Electric Business Overview
11.9.3 XD Electric HVDC Voltage Source Converters (VSC) Product Features and Attributes
11.9.4 XD Electric HVDC Voltage Source Converters (VSC) Revenue and Gross Margin (2020-2025)
11.9.5 XD Electric Recent Developments
11.10 TBEA
11.10.1 TBEA Corporation Information
11.10.2 TBEA Business Overview
11.10.3 TBEA HVDC Voltage Source Converters (VSC) Product Features and Attributes
11.10.4 TBEA HVDC Voltage Source Converters (VSC) Revenue and Gross Margin (2020-2025)
11.10.5 Company Ten Recent Developments
11.11 Sifang Automation
11.11.1 Sifang Automation Corporation Information
11.11.2 Sifang Automation Business Overview
11.11.3 Sifang Automation HVDC Voltage Source Converters (VSC) Product Features and Attributes
11.11.4 Sifang Automation HVDC Voltage Source Converters (VSC) Revenue and Gross Margin (2020-2025)
11.11.5 Sifang Automation Recent Developments
11.12 Mitsubishi Electric
11.12.1 Mitsubishi Electric Corporation Information
11.12.2 Mitsubishi Electric Business Overview
11.12.3 Mitsubishi Electric HVDC Voltage Source Converters (VSC) Product Features and Attributes
11.12.4 Mitsubishi Electric HVDC Voltage Source Converters (VSC) Revenue and Gross Margin (2020-2025)
11.12.5 Mitsubishi Electric Recent Developments
12 HVDC Voltage Source Converters (VSC)Industry Chain Analysis
12.1 HVDC Voltage Source Converters (VSC) Industry Chain
12.2 Upstream Analysis
12.2.1 Upstream Key Suppliers
12.3 Middlestream Analysis
12.4 Downstream Sales Model and Distribution Networks
12.4.1 Sales Channels
12.4.2 Distributors
13 HVDC Voltage Source Converters (VSC) Market Dynamics
13.1 Industry Trends and Evolution
13.2 Market Growth Drivers and Emerging Opportunities
13.3 Market Challenges, Risks, and Restraints
14 Key Findings in the Global HVDC Voltage Source Converters (VSC) Study
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.1.1 Research Programs/Design
15.1.1.2 Market Size Estimation
15.1.1.3 Market Breakdown and Data Triangulation
15.1.2 Data Source
15.1.2.1 Secondary Sources
15.1.2.2 Primary Sources
15.2 Author Details
List of Tables
Table 1. Global HVDC Voltage Source Converters (VSC) Market Size Growth Rate by Type, 2020 VS 2024 VS 2031 (US$ Million)
Table 2. Global HVDC Voltage Source Converters (VSC) Market Size Growth Rate by Application, 2020 VS 2024 VS 2031 (US$ Million)
Table 3. Global HVDC Voltage Source Converters (VSC) Revenue Grow Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (US$ Million)
Table 4. Global HVDC Voltage Source Converters (VSC) Revenue by Region (2020-2025) & (US$ Million)
Table 5. Global HVDC Voltage Source Converters (VSC) Revenue by Region (2026-2031) & (US$ Million)
Table 6. Emerging Market Revenue Grow Rate (CAGR) by Country (2020 VS 2024 VS 2031) (US$ Million)
Table 7. Global HVDC Voltage Source Converters (VSC) Revenue by Players (2020-2025) & (US$ Million)
Table 8. Global HVDC Voltage Source Converters (VSC) Revenue Market Share by Players (2020-2025)
Table 9. Global Key Players’Ranking Shift (2023 vs. 2024) (Based on Revenue)
Table 10. Global HVDC Voltage Source Converters (VSC) by Player Tier (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in HVDC Voltage Source Converters (VSC) as of 2024)
Table 11. Global HVDC Voltage Source Converters (VSC) Average Gross Margin (%) by Player (2020 VS 2024)
Table 12. Global HVDC Voltage Source Converters (VSC) Companies Headquarters
Table 13. Global HVDC Voltage Source Converters (VSC) Market Concentration Ratio (CR5 and HHI)
Table 14. Key Market Entrant/Exit (2020-2024) – Drivers & Impact Analysis
Table 15. Key Mergers & Acquisitions, Expansion Plans, R&D Investment
Table 16. Global HVDC Voltage Source Converters (VSC) Revenue by Type (2020-2025) & (US$ Million)
Table 17. Global HVDC Voltage Source Converters (VSC) Revenue by Type (2026-2031) & (US$ Million)
Table 18. Key Product Attributes and Differentiation
Table 19. Global HVDC Voltage Source Converters (VSC) Revenue by Application (2020-2025) & (US$ Million)
Table 20. Global HVDC Voltage Source Converters (VSC) Revenue by Application (2026-2031) & (US$ Million)
Table 21. HVDC Voltage Source Converters (VSC) High-Growth Sectors Demand CAGR (2024-2031)
Table 22. Top Customers by Region
Table 23. Top Customers by Application
Table 24. North America HVDC Voltage Source Converters (VSC) Growth Accelerators and Market Barriers
Table 25. North America HVDC Voltage Source Converters (VSC) Revenue Grow Rate (CAGR) by Country (2020 VS 2024 VS 2031) (US$ Million)
Table 26. Europe HVDC Voltage Source Converters (VSC) Growth Accelerators and Market Barriers
Table 27. Europe HVDC Voltage Source Converters (VSC) Revenue Grow Rate (CAGR) by Country: 2020 VS 2024 VS 2031 (US$ Million)
Table 28. Asia-Pacific HVDC Voltage Source Converters (VSC) Growth Accelerators and Market Barriers
Table 29. Asia-Pacific HVDC Voltage Source Converters (VSC) Revenue Grow Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (US$ Million)
Table 30. Central and South America HVDC Voltage Source Converters (VSC) Investment Opportunities and Key Challenges
Table 31. Central and South America HVDC Voltage Source Converters (VSC) Revenue Grow Rate (CAGR) by Country (2020 VS 2024 VS 2031) (US$ Million)
Table 32. Middle East and Africa HVDC Voltage Source Converters (VSC) Investment Opportunities and Key Challenges
Table 33. Middle East and Africa HVDC Voltage Source Converters (VSC) Revenue Grow Rate (CAGR) by Country (2020 VS 2024 VS 2031) (US$ Million)
Table 34. Siemens Energy Corporation Information
Table 35. Siemens Energy Description and Major Businesses
Table 36. Siemens Energy Product Features and Attributes
Table 37. Siemens Energy Revenue (US$ Million) and Gross Margin (2020-2025)
Table 38. Siemens Energy Revenue Proportion by Product in 2024
Table 39. Siemens Energy Revenue Proportion by Application in 2024
Table 40. Siemens Energy Revenue Proportion by Geographic Area in 2024
Table 41. Siemens Energy HVDC Voltage Source Converters (VSC) SWOT Analysis
Table 42. Siemens Energy Recent Developments
Table 43. Hitachi Energy Corporation Information
Table 44. Hitachi Energy Description and Major Businesses
Table 45. Hitachi Energy Product Features and Attributes
Table 46. Hitachi Energy Revenue (US$ Million) and Gross Margin (2020-2025)
Table 47. Hitachi Energy Revenue Proportion by Product in 2024
Table 48. Hitachi Energy Revenue Proportion by Application in 2024
Table 49. Hitachi Energy Revenue Proportion by Geographic Area in 2024
Table 50. Hitachi Energy HVDC Voltage Source Converters (VSC) SWOT Analysis
Table 51. Hitachi Energy Recent Developments
Table 52. GE Vernova Corporation Information
Table 53. GE Vernova Description and Major Businesses
Table 54. GE Vernova Product Features and Attributes
Table 55. GE Vernova Revenue (US$ Million) and Gross Margin (2020-2025)
Table 56. GE Vernova Revenue Proportion by Product in 2024
Table 57. GE Vernova Revenue Proportion by Application in 2024
Table 58. GE Vernova Revenue Proportion by Geographic Area in 2024
Table 59. GE Vernova HVDC Voltage Source Converters (VSC) SWOT Analysis
Table 60. GE Vernova Recent Developments
Table 61. NARI Technology Corporation Information
Table 62. NARI Technology Description and Major Businesses
Table 63. NARI Technology Product Features and Attributes
Table 64. NARI Technology Revenue (US$ Million) and Gross Margin (2020-2025)
Table 65. NARI Technology Revenue Proportion by Product in 2024
Table 66. NARI Technology Revenue Proportion by Application in 2024
Table 67. NARI Technology Revenue Proportion by Geographic Area in 2024
Table 68. NARI Technology HVDC Voltage Source Converters (VSC) SWOT Analysis
Table 69. NARI Technology Recent Developments
Table 70. Toshiba Corporation Information
Table 71. Toshiba Description and Major Businesses
Table 72. Toshiba Product Features and Attributes
Table 73. Toshiba Revenue (US$ Million) and Gross Margin (2020-2025)
Table 74. Toshiba Revenue Proportion by Product in 2024
Table 75. Toshiba Revenue Proportion by Application in 2024
Table 76. Toshiba Revenue Proportion by Geographic Area in 2024
Table 77. Toshiba HVDC Voltage Source Converters (VSC) SWOT Analysis
Table 78. Toshiba Recent Developments
Table 79. Rongxin Huiko Electric Corporation Information
Table 80. Rongxin Huiko Electric Description and Major Businesses
Table 81. Rongxin Huiko Electric Product Features and Attributes
Table 82. Rongxin Huiko Electric Revenue (US$ Million) and Gross Margin (2020-2025)
Table 83. Rongxin Huiko Electric Recent Developments
Table 84. XJ Electric Corporation Information
Table 85. XJ Electric Description and Major Businesses
Table 86. XJ Electric Product Features and Attributes
Table 87. XJ Electric Revenue (US$ Million) and Gross Margin (2020-2025)
Table 88. XJ Electric Recent Developments
Table 89. Hyosung Heavy Industries Corporation Information
Table 90. Hyosung Heavy Industries Description and Major Businesses
Table 91. Hyosung Heavy Industries Product Features and Attributes
Table 92. Hyosung Heavy Industries Revenue (US$ Million) and Gross Margin (2020-2025)
Table 93. Hyosung Heavy Industries Recent Developments
Table 94. XD Electric Corporation Information
Table 95. XD Electric Description and Major Businesses
Table 96. XD Electric Product Features and Attributes
Table 97. XD Electric Revenue (US$ Million) and Gross Margin (2020-2025)
Table 98. XD Electric Recent Developments
Table 99. TBEA Corporation Information
Table 100. TBEA Description and Major Businesses
Table 101. TBEA Product Features and Attributes
Table 102. TBEA Revenue (US$ Million) and Gross Margin (2020-2025)
Table 103. TBEA Recent Developments
Table 104. Sifang Automation Corporation Information
Table 105. Sifang Automation Description and Major Businesses
Table 106. Sifang Automation Product Features and Attributes
Table 107. Sifang Automation Revenue (US$ Million) and Gross Margin (2020-2025)
Table 108. Sifang Automation Recent Developments
Table 109. Mitsubishi Electric Corporation Information
Table 110. Mitsubishi Electric Description and Major Businesses
Table 111. Mitsubishi Electric Product Features and Attributes
Table 112. Mitsubishi Electric Revenue (US$ Million) and Gross Margin (2020-2025)
Table 113. Mitsubishi Electric Recent Developments
Table 114. Raw Materials Key Suppliers
Table 115. Distributors List
Table 116. Market Trends and Market Evolution
Table 117. Market Drivers and Opportunities
Table 118. Market Challenges, Risks, and Restraints
Table 119. Research Programs/Design for This Report
Table 120. Key Data Information from Secondary Sources
Table 121. Key Data Information from Primary Sources
List of Figures
Figure 1. HVDC Voltage Source Converters (VSC) Product Picture
Figure 2. Global HVDC Voltage Source Converters (VSC) Market Size Growth Rate by Type, 2020 VS 2024 VS 2031 (US$ Million)
Figure 3. Two/Three-level Converter Product Picture
Figure 4. Multi-level Converter Product Picture
Figure 5. Global HVDC Voltage Source Converters (VSC) Market Size Growth Rate by Application, 2020 VS 2024 VS 2031 (US$ Million)
Figure 6. Wind Power
Figure 7. Hydropower
Figure 8. Others
Figure 9. HVDC Voltage Source Converters (VSC) Report Years Considered
Figure 10. Global HVDC Voltage Source Converters (VSC) Revenue, (US$ Million), 2020 VS 2024 VS 2031
Figure 11. Global HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 12. Global HVDC Voltage Source Converters (VSC) Revenue (CAGR) by Region: 2020 VS 2024 VS 2031 (US$ Million)
Figure 13. Global HVDC Voltage Source Converters (VSC) Revenue Market Share by Region (2020-2031)
Figure 14. Global HVDC Voltage Source Converters (VSC) Revenue Market Share Ranking (2024)
Figure 15. Tier Distribution by Revenue Contribution (2020 VS 2024)
Figure 16. Two/Three-level Converter Revenue Market Share by Player in 2024
Figure 17. Multi-level Converter Revenue Market Share by Player in 2024
Figure 18. Global HVDC Voltage Source Converters (VSC) Revenue Market Share by Type (2020-2031)
Figure 19. Global HVDC Voltage Source Converters (VSC) Revenue Market Share by Application (2020-2031)
Figure 20. North America HVDC Voltage Source Converters (VSC) Revenue YoY (2020-2031) & (US$ Million)
Figure 21. North America Top 5 Players HVDC Voltage Source Converters (VSC) Revenue (US$ Million) in 2024
Figure 22. North America HVDC Voltage Source Converters (VSC) Revenue (US$ Million) by Type (2020 - 2031)
Figure 23. North America HVDC Voltage Source Converters (VSC) Revenue (US$ Million) by Application (2020-2031)
Figure 24. US HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 25. Canada HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 26. Mexico HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 27. Europe HVDC Voltage Source Converters (VSC) Revenue YoY (2020-2031) & (US$ Million)
Figure 28. Europe Top 5 Players HVDC Voltage Source Converters (VSC) Revenue (US$ Million) in 2024
Figure 29. Europe HVDC Voltage Source Converters (VSC) Revenue (US$ Million) by Type (2020-2031)
Figure 30. Europe HVDC Voltage Source Converters (VSC) Revenue (US$ Million) by Application (2020-2031)
Figure 31. Germany HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 32. France HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 33. U.K. HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 34. Italy HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 35. Russia HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 36. Asia-Pacific HVDC Voltage Source Converters (VSC) Revenue YoY (2020-2031) & (US$ Million)
Figure 37. Asia-Pacific Top 8 Players HVDC Voltage Source Converters (VSC) Revenue (US$ Million) in 2024
Figure 38. Asia-Pacific HVDC Voltage Source Converters (VSC) Revenue (US$ Million) by Type (2020-2031)
Figure 39. Asia-Pacific HVDC Voltage Source Converters (VSC) Revenue (US$ Million) by Application (2020-2031)
Figure 40. Indonesia HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 41. Japan HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 42. South Korea HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 43. Australia HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 44. India HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 45. Indonesia HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 46. Vietnam HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 47. Malaysia HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 48. Philippines HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 49. Singapore HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 50. Central and South America HVDC Voltage Source Converters (VSC) Revenue YoY (2020-2031) & (US$ Million)
Figure 51. Central and South America Top 5 Players HVDC Voltage Source Converters (VSC) Revenue (US$ Million) in 2024
Figure 52. Central and South America HVDC Voltage Source Converters (VSC) Revenue (US$ Million) by Type (2020-2031)
Figure 53. Central and South America HVDC Voltage Source Converters (VSC) Revenue (US$ Million) by Application (2020-2031)
Figure 54. Brazil HVDC Voltage Source Converters (VSC) Revenue (2020-2025) & (US$ Million)
Figure 55. Argentina HVDC Voltage Source Converters (VSC) Revenue (2020-2025) & (US$ Million)
Figure 56. Middle East and Africa HVDC Voltage Source Converters (VSC) Revenue YoY (2020-2031) & (US$ Million)
Figure 57. Middle East and Africa Top 5 Players HVDC Voltage Source Converters (VSC) Revenue (US$ Million) in 2024
Figure 58. South America HVDC Voltage Source Converters (VSC) Revenue (US$ Million) by Type (2020-2031)
Figure 59. Middle East and Africa HVDC Voltage Source Converters (VSC) Revenue (US$ Million) by Application (2020-2031)
Figure 60. GCC Countries HVDC Voltage Source Converters (VSC) Revenue (2020-2025) & (US$ Million)
Figure 61. Israel HVDC Voltage Source Converters (VSC) Revenue (2020-2025) & (US$ Million)
Figure 62. Egypt HVDC Voltage Source Converters (VSC) Revenue (2020-2025) & (US$ Million)
Figure 63. South Africa HVDC Voltage Source Converters (VSC) Revenue (2020-2025) & (US$ Million)
Figure 64. HVDC Voltage Source Converters (VSC) Industry Chain Mapping
Figure 65. Channels of Distribution (Direct Vs Distribution)
Figure 66. Bottom-up and Top-down Approaches for This Report
Figure 67. Data Triangulation
Figure 68. Key Executives Interviewed
Table 1. Global HVDC Voltage Source Converters (VSC) Market Size Growth Rate by Type, 2020 VS 2024 VS 2031 (US$ Million)
Table 2. Global HVDC Voltage Source Converters (VSC) Market Size Growth Rate by Application, 2020 VS 2024 VS 2031 (US$ Million)
Table 3. Global HVDC Voltage Source Converters (VSC) Revenue Grow Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (US$ Million)
Table 4. Global HVDC Voltage Source Converters (VSC) Revenue by Region (2020-2025) & (US$ Million)
Table 5. Global HVDC Voltage Source Converters (VSC) Revenue by Region (2026-2031) & (US$ Million)
Table 6. Emerging Market Revenue Grow Rate (CAGR) by Country (2020 VS 2024 VS 2031) (US$ Million)
Table 7. Global HVDC Voltage Source Converters (VSC) Revenue by Players (2020-2025) & (US$ Million)
Table 8. Global HVDC Voltage Source Converters (VSC) Revenue Market Share by Players (2020-2025)
Table 9. Global Key Players’Ranking Shift (2023 vs. 2024) (Based on Revenue)
Table 10. Global HVDC Voltage Source Converters (VSC) by Player Tier (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in HVDC Voltage Source Converters (VSC) as of 2024)
Table 11. Global HVDC Voltage Source Converters (VSC) Average Gross Margin (%) by Player (2020 VS 2024)
Table 12. Global HVDC Voltage Source Converters (VSC) Companies Headquarters
Table 13. Global HVDC Voltage Source Converters (VSC) Market Concentration Ratio (CR5 and HHI)
Table 14. Key Market Entrant/Exit (2020-2024) – Drivers & Impact Analysis
Table 15. Key Mergers & Acquisitions, Expansion Plans, R&D Investment
Table 16. Global HVDC Voltage Source Converters (VSC) Revenue by Type (2020-2025) & (US$ Million)
Table 17. Global HVDC Voltage Source Converters (VSC) Revenue by Type (2026-2031) & (US$ Million)
Table 18. Key Product Attributes and Differentiation
Table 19. Global HVDC Voltage Source Converters (VSC) Revenue by Application (2020-2025) & (US$ Million)
Table 20. Global HVDC Voltage Source Converters (VSC) Revenue by Application (2026-2031) & (US$ Million)
Table 21. HVDC Voltage Source Converters (VSC) High-Growth Sectors Demand CAGR (2024-2031)
Table 22. Top Customers by Region
Table 23. Top Customers by Application
Table 24. North America HVDC Voltage Source Converters (VSC) Growth Accelerators and Market Barriers
Table 25. North America HVDC Voltage Source Converters (VSC) Revenue Grow Rate (CAGR) by Country (2020 VS 2024 VS 2031) (US$ Million)
Table 26. Europe HVDC Voltage Source Converters (VSC) Growth Accelerators and Market Barriers
Table 27. Europe HVDC Voltage Source Converters (VSC) Revenue Grow Rate (CAGR) by Country: 2020 VS 2024 VS 2031 (US$ Million)
Table 28. Asia-Pacific HVDC Voltage Source Converters (VSC) Growth Accelerators and Market Barriers
Table 29. Asia-Pacific HVDC Voltage Source Converters (VSC) Revenue Grow Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (US$ Million)
Table 30. Central and South America HVDC Voltage Source Converters (VSC) Investment Opportunities and Key Challenges
Table 31. Central and South America HVDC Voltage Source Converters (VSC) Revenue Grow Rate (CAGR) by Country (2020 VS 2024 VS 2031) (US$ Million)
Table 32. Middle East and Africa HVDC Voltage Source Converters (VSC) Investment Opportunities and Key Challenges
Table 33. Middle East and Africa HVDC Voltage Source Converters (VSC) Revenue Grow Rate (CAGR) by Country (2020 VS 2024 VS 2031) (US$ Million)
Table 34. Siemens Energy Corporation Information
Table 35. Siemens Energy Description and Major Businesses
Table 36. Siemens Energy Product Features and Attributes
Table 37. Siemens Energy Revenue (US$ Million) and Gross Margin (2020-2025)
Table 38. Siemens Energy Revenue Proportion by Product in 2024
Table 39. Siemens Energy Revenue Proportion by Application in 2024
Table 40. Siemens Energy Revenue Proportion by Geographic Area in 2024
Table 41. Siemens Energy HVDC Voltage Source Converters (VSC) SWOT Analysis
Table 42. Siemens Energy Recent Developments
Table 43. Hitachi Energy Corporation Information
Table 44. Hitachi Energy Description and Major Businesses
Table 45. Hitachi Energy Product Features and Attributes
Table 46. Hitachi Energy Revenue (US$ Million) and Gross Margin (2020-2025)
Table 47. Hitachi Energy Revenue Proportion by Product in 2024
Table 48. Hitachi Energy Revenue Proportion by Application in 2024
Table 49. Hitachi Energy Revenue Proportion by Geographic Area in 2024
Table 50. Hitachi Energy HVDC Voltage Source Converters (VSC) SWOT Analysis
Table 51. Hitachi Energy Recent Developments
Table 52. GE Vernova Corporation Information
Table 53. GE Vernova Description and Major Businesses
Table 54. GE Vernova Product Features and Attributes
Table 55. GE Vernova Revenue (US$ Million) and Gross Margin (2020-2025)
Table 56. GE Vernova Revenue Proportion by Product in 2024
Table 57. GE Vernova Revenue Proportion by Application in 2024
Table 58. GE Vernova Revenue Proportion by Geographic Area in 2024
Table 59. GE Vernova HVDC Voltage Source Converters (VSC) SWOT Analysis
Table 60. GE Vernova Recent Developments
Table 61. NARI Technology Corporation Information
Table 62. NARI Technology Description and Major Businesses
Table 63. NARI Technology Product Features and Attributes
Table 64. NARI Technology Revenue (US$ Million) and Gross Margin (2020-2025)
Table 65. NARI Technology Revenue Proportion by Product in 2024
Table 66. NARI Technology Revenue Proportion by Application in 2024
Table 67. NARI Technology Revenue Proportion by Geographic Area in 2024
Table 68. NARI Technology HVDC Voltage Source Converters (VSC) SWOT Analysis
Table 69. NARI Technology Recent Developments
Table 70. Toshiba Corporation Information
Table 71. Toshiba Description and Major Businesses
Table 72. Toshiba Product Features and Attributes
Table 73. Toshiba Revenue (US$ Million) and Gross Margin (2020-2025)
Table 74. Toshiba Revenue Proportion by Product in 2024
Table 75. Toshiba Revenue Proportion by Application in 2024
Table 76. Toshiba Revenue Proportion by Geographic Area in 2024
Table 77. Toshiba HVDC Voltage Source Converters (VSC) SWOT Analysis
Table 78. Toshiba Recent Developments
Table 79. Rongxin Huiko Electric Corporation Information
Table 80. Rongxin Huiko Electric Description and Major Businesses
Table 81. Rongxin Huiko Electric Product Features and Attributes
Table 82. Rongxin Huiko Electric Revenue (US$ Million) and Gross Margin (2020-2025)
Table 83. Rongxin Huiko Electric Recent Developments
Table 84. XJ Electric Corporation Information
Table 85. XJ Electric Description and Major Businesses
Table 86. XJ Electric Product Features and Attributes
Table 87. XJ Electric Revenue (US$ Million) and Gross Margin (2020-2025)
Table 88. XJ Electric Recent Developments
Table 89. Hyosung Heavy Industries Corporation Information
Table 90. Hyosung Heavy Industries Description and Major Businesses
Table 91. Hyosung Heavy Industries Product Features and Attributes
Table 92. Hyosung Heavy Industries Revenue (US$ Million) and Gross Margin (2020-2025)
Table 93. Hyosung Heavy Industries Recent Developments
Table 94. XD Electric Corporation Information
Table 95. XD Electric Description and Major Businesses
Table 96. XD Electric Product Features and Attributes
Table 97. XD Electric Revenue (US$ Million) and Gross Margin (2020-2025)
Table 98. XD Electric Recent Developments
Table 99. TBEA Corporation Information
Table 100. TBEA Description and Major Businesses
Table 101. TBEA Product Features and Attributes
Table 102. TBEA Revenue (US$ Million) and Gross Margin (2020-2025)
Table 103. TBEA Recent Developments
Table 104. Sifang Automation Corporation Information
Table 105. Sifang Automation Description and Major Businesses
Table 106. Sifang Automation Product Features and Attributes
Table 107. Sifang Automation Revenue (US$ Million) and Gross Margin (2020-2025)
Table 108. Sifang Automation Recent Developments
Table 109. Mitsubishi Electric Corporation Information
Table 110. Mitsubishi Electric Description and Major Businesses
Table 111. Mitsubishi Electric Product Features and Attributes
Table 112. Mitsubishi Electric Revenue (US$ Million) and Gross Margin (2020-2025)
Table 113. Mitsubishi Electric Recent Developments
Table 114. Raw Materials Key Suppliers
Table 115. Distributors List
Table 116. Market Trends and Market Evolution
Table 117. Market Drivers and Opportunities
Table 118. Market Challenges, Risks, and Restraints
Table 119. Research Programs/Design for This Report
Table 120. Key Data Information from Secondary Sources
Table 121. Key Data Information from Primary Sources
List of Figures
Figure 1. HVDC Voltage Source Converters (VSC) Product Picture
Figure 2. Global HVDC Voltage Source Converters (VSC) Market Size Growth Rate by Type, 2020 VS 2024 VS 2031 (US$ Million)
Figure 3. Two/Three-level Converter Product Picture
Figure 4. Multi-level Converter Product Picture
Figure 5. Global HVDC Voltage Source Converters (VSC) Market Size Growth Rate by Application, 2020 VS 2024 VS 2031 (US$ Million)
Figure 6. Wind Power
Figure 7. Hydropower
Figure 8. Others
Figure 9. HVDC Voltage Source Converters (VSC) Report Years Considered
Figure 10. Global HVDC Voltage Source Converters (VSC) Revenue, (US$ Million), 2020 VS 2024 VS 2031
Figure 11. Global HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 12. Global HVDC Voltage Source Converters (VSC) Revenue (CAGR) by Region: 2020 VS 2024 VS 2031 (US$ Million)
Figure 13. Global HVDC Voltage Source Converters (VSC) Revenue Market Share by Region (2020-2031)
Figure 14. Global HVDC Voltage Source Converters (VSC) Revenue Market Share Ranking (2024)
Figure 15. Tier Distribution by Revenue Contribution (2020 VS 2024)
Figure 16. Two/Three-level Converter Revenue Market Share by Player in 2024
Figure 17. Multi-level Converter Revenue Market Share by Player in 2024
Figure 18. Global HVDC Voltage Source Converters (VSC) Revenue Market Share by Type (2020-2031)
Figure 19. Global HVDC Voltage Source Converters (VSC) Revenue Market Share by Application (2020-2031)
Figure 20. North America HVDC Voltage Source Converters (VSC) Revenue YoY (2020-2031) & (US$ Million)
Figure 21. North America Top 5 Players HVDC Voltage Source Converters (VSC) Revenue (US$ Million) in 2024
Figure 22. North America HVDC Voltage Source Converters (VSC) Revenue (US$ Million) by Type (2020 - 2031)
Figure 23. North America HVDC Voltage Source Converters (VSC) Revenue (US$ Million) by Application (2020-2031)
Figure 24. US HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 25. Canada HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 26. Mexico HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 27. Europe HVDC Voltage Source Converters (VSC) Revenue YoY (2020-2031) & (US$ Million)
Figure 28. Europe Top 5 Players HVDC Voltage Source Converters (VSC) Revenue (US$ Million) in 2024
Figure 29. Europe HVDC Voltage Source Converters (VSC) Revenue (US$ Million) by Type (2020-2031)
Figure 30. Europe HVDC Voltage Source Converters (VSC) Revenue (US$ Million) by Application (2020-2031)
Figure 31. Germany HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 32. France HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 33. U.K. HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 34. Italy HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 35. Russia HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 36. Asia-Pacific HVDC Voltage Source Converters (VSC) Revenue YoY (2020-2031) & (US$ Million)
Figure 37. Asia-Pacific Top 8 Players HVDC Voltage Source Converters (VSC) Revenue (US$ Million) in 2024
Figure 38. Asia-Pacific HVDC Voltage Source Converters (VSC) Revenue (US$ Million) by Type (2020-2031)
Figure 39. Asia-Pacific HVDC Voltage Source Converters (VSC) Revenue (US$ Million) by Application (2020-2031)
Figure 40. Indonesia HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 41. Japan HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 42. South Korea HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 43. Australia HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 44. India HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 45. Indonesia HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 46. Vietnam HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 47. Malaysia HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 48. Philippines HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 49. Singapore HVDC Voltage Source Converters (VSC) Revenue (2020-2031) & (US$ Million)
Figure 50. Central and South America HVDC Voltage Source Converters (VSC) Revenue YoY (2020-2031) & (US$ Million)
Figure 51. Central and South America Top 5 Players HVDC Voltage Source Converters (VSC) Revenue (US$ Million) in 2024
Figure 52. Central and South America HVDC Voltage Source Converters (VSC) Revenue (US$ Million) by Type (2020-2031)
Figure 53. Central and South America HVDC Voltage Source Converters (VSC) Revenue (US$ Million) by Application (2020-2031)
Figure 54. Brazil HVDC Voltage Source Converters (VSC) Revenue (2020-2025) & (US$ Million)
Figure 55. Argentina HVDC Voltage Source Converters (VSC) Revenue (2020-2025) & (US$ Million)
Figure 56. Middle East and Africa HVDC Voltage Source Converters (VSC) Revenue YoY (2020-2031) & (US$ Million)
Figure 57. Middle East and Africa Top 5 Players HVDC Voltage Source Converters (VSC) Revenue (US$ Million) in 2024
Figure 58. South America HVDC Voltage Source Converters (VSC) Revenue (US$ Million) by Type (2020-2031)
Figure 59. Middle East and Africa HVDC Voltage Source Converters (VSC) Revenue (US$ Million) by Application (2020-2031)
Figure 60. GCC Countries HVDC Voltage Source Converters (VSC) Revenue (2020-2025) & (US$ Million)
Figure 61. Israel HVDC Voltage Source Converters (VSC) Revenue (2020-2025) & (US$ Million)
Figure 62. Egypt HVDC Voltage Source Converters (VSC) Revenue (2020-2025) & (US$ Million)
Figure 63. South Africa HVDC Voltage Source Converters (VSC) Revenue (2020-2025) & (US$ Million)
Figure 64. HVDC Voltage Source Converters (VSC) Industry Chain Mapping
Figure 65. Channels of Distribution (Direct Vs Distribution)
Figure 66. Bottom-up and Top-down Approaches for This Report
Figure 67. Data Triangulation
Figure 68. Key Executives Interviewed
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