Asia Pacific Hvdc Converter Station Market Size & Outlook
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Asia Pacific hvdc converter station market highlights
- The Asia Pacific hvdc converter station market generated a revenue of USD 20,920.3 million in 2024.
- The market is expected to grow at a CAGR of 6.2% from 2025 to 2030.
- In terms of segment, line commutated converter (lcc) was the largest revenue generating technology in 2024.
- Voltage Source Converter (VSC) is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, Australia is expected to register the highest CAGR from 2025 to 2030.
Asia Pacific data book summary
| Market revenue in 2024 | USD 20,920.3 million |
| Market revenue in 2030 | USD 29,252.5 million |
| Growth rate | 6.2% (CAGR from 2025 to 2030) |
| Largest segment | Line commutated converter (lcc) |
| Fastest growing segment | Voltage Source Converter (VSC) |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Voltage Source Converter (VSC), Line Commutated Converter (LCC) |
| Key market players worldwide | Bharat Heavy Electricals, Mitsubishi Electric Corp, Siemens Energy AG ADR, Hitachi Energy, LSIS, Hyosung Corporation, Toshiba Corporation, NR Electric USA, Crompton Greaves, ABB Ltd ADR, XJ Electric, BHEL -GE Gas Turbine Services |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 51.7% of the global hvdc converter station market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 7,733.6 million by 2030.
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HVDC Converter Station Market Scope
HVDC Converter Station Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| BHEL -GE Gas Turbine Services | View profile | 101-250 | Hyderabad, Andhra Pradesh, India, Asia | https://www.bggts.com |
| LSIS | View profile | 1-10 | Hannut, Liege, Belgium, Europe | https://lsis.be |
| Hyosung Corporation | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | http://www.hyosung.com |
| Crompton Greaves | View profile | 10001+ | Mumbai, Maharashtra, India, Asia | http://www.cgglobal.com/frontend/Crompton.aspx?Id=a6+Ptuxdm38= |
| Hitachi Energy | View profile | 10001+ | Zürich, Zurich, Switzerland, Europe | https://www.hitachienergy.com/ |
| XJ Electric | View profile | 5001-10000 | Yuzhou, Henan, China, Asia | http://www.xjgc.com |
| Bharat Heavy Electricals | View profile | 10001+ | New Delhi, Delhi, India, Asia | http://www.bhel.com |
| NR Electric USA | View profile | 1001-5000 | Nanjing, Jiangsu, China, Asia | https://www.nrelect.com |
| ABB Ltd ADR | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Siemens Energy AG ADR | View profile | 97000 | Otto-Hahn-Ring 6, Munich, BY, Germany, 81739 | https://www.siemens-energy.com |
| Toshiba Corporation | View profile | 10001+ | Tokyo, Tokyo, Japan, Asia | http://www.toshiba.com/tai/ |
| Mitsubishi Electric Corp | View profile | 149134 | Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8310 | https://www.mitsubishielectric.com |
Asia Pacific 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 75.76% in 2024. Horizon Databook has segmented the Asia Pacific hvdc converter station market based on voltage source converter (vsc), line commutated converter (lcc) covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of hvdc converter station market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific hvdc converter station market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific hvdc converter station market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific hvdc converter station market size, by country, 2018-2030 (US$M)
Asia Pacific HVDC Converter Station Market Outlook Share, 2024 & 2030 (US$M)
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