Global Hvdc Converter Station Market Size & Outlook

The hvdc converter station industry worldwide is expected to reach a projected revenue of US$ 15,844.0 million by 2030. A compound annual growth rate of 4.2% is expected of the worldwide hvdc converter station industry from 2024 to 2030.
Revenue, 2023 (US$M)
$11,850.0
Forecast, 2030 (US$M)
$15,844.0
CAGR, 2024 - 2030
4.2%
Report Coverage
Worldwide

Global hvdc converter station market, 2018-2030 (US$M)

Global hvdc converter station market highlights

  • The global hvdc converter station market generated a revenue of USD 11,850.0 million in 2023 and is expected to reach USD 15,844.0 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 4.2% by 2030.
  • In terms of segment, line commutated converter (lcc) accounted for a revenue of USD 11,850.0 million in 2023.
  • Line Commutated Converter (LCC) is the most lucrative technology segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2023.

Global data book summary

Market revenue in 2023USD 11,850.0 million
Market revenue in 2030USD 15,844.0 million
Growth rate4.2% (CAGR from 2023 to 2030)
Largest segmentLine commutated converter (lcc)
Fastest growing segmentLine Commutated Converter (LCC)
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationLine Commutated Converter (LCC)

Other key industry trends

  • In terms of revenue, the North America accounted for 25.0% of the global hvdc converter station market in 2023.

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HVDC Converter Station Market Scope

Hvdc converter station market segmentation & scope
Voltage Source Converter (VSC)
Type
Bi-Polar
Monopolar
Back-to-back
Multi Terminal
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait

HVDC Converter Station Market Companies

Name Profile # Employees HQ Website

Global hvdc converter station market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hvdc converter station market will help companies and investors design strategic landscapes.


Line commutated converter (lcc) was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Global hvdc converter station market based on line commutated converter (lcc) covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global HVDC Converter Station Technology Outlook (Revenue, USD Million, 2018-2030)
    • Line Commutated Converter (LCC)
    • Voltage Source Converter (VSC)
  • Global HVDC Converter Station Type Outlook (Revenue, USD Million, 2018-2030)
    • Bi-Polar
    • Monopolar
    • Back-to-back
    • Multi Terminal

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Horizon Databook provides a detailed overview of global-level data and insights on the Global hvdc converter station market , including forecasts for subscribers. This global databook contains high-level insights into Global hvdc converter station market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global hvdc converter station market size, by regions, 2018-2030 (US$M)

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