Power is generated, transmitted and distributed as AC, and most of the time, power is also consumed as AC. However, when transmitting power over long distances such as from an offshore wind farm, an AC line would be uneconomical due to the high power losses that such transmission involves. In such situations, DC power is used, and the conversion of AC power to DC for transmission is achieved using a converter station.
The major factors driving the growth of the market is the increasing requirement for cost-effective solutions for bulk power transfer and increasing need for connecting asynchronous grids. Due to these, there has been a rapid adoption of HVDC in Europe and Asia Pacific creating a market opportunity for the HVDC Converter Station Market. Increasing requirement to transfer bulk power over long distances and the connection of the renewable energy resources to the national grid are driving the market for HVDC converter stations.
The rise in the use of thyristor valves has increased the demand for LCC HVDC systems because of the better reliability of the thyristor technology. In the recent years, technical improvements and compact designs with large-capacity thyristors (up to 8.5 kV, 4 kA) have contributed to the progress of HVDC applications in the Asia Pacific region, because of which there have been large UHVDC projects with the LCC technology in China. The trend is expected to continue in the by 2022 as the major economies in Asia and Europe such as China and the UK, among others are still struggling to meet the energy requirement in the country.
The global HVDC Converter Stations market is valued at 71100 million US$ in 2018 is expected to reach 129700 million US$ by the end of 2025, growing at a CAGR of 7.8% during 2019-2025.
This report focuses on HVDC Converter Stations volume and value at global level, regional level and company level. From a global perspective, this report represents overall HVDC Converter Stations market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
Power Industry
Powering Island and Remote Loads
Interconnecting Networks
Oil & Gas
Other
...
Segment by Regions
North America
Europe
China
Japan
Segment by Type
Monopolar
Bi-Polar
Back to Back
Multi-Terminal
Segment by Application
Power Industry
Powering Island and Remote Loads
Interconnecting Networks
Oil & Gas
Others
Table of Contents
Executive Summary
1 HVDC Converter Stations Market Overview
1.1 Product Overview and Scope of HVDC Converter Stations
1.2 HVDC Converter Stations Segment by Type
1.2.1 Global HVDC Converter Stations Production Growth Rate Comparison by Type (2014-2025)
1.2.2 Monopolar
1.2.3 Bi-Polar
1.2.4 Back to Back
1.2.5 Multi-Terminal
1.3 HVDC Converter Stations Segment by Application
1.3.1 HVDC Converter Stations Consumption Comparison by Application (2014-2025)
1.3.2 Power Industry
1.3.3 Powering Island and Remote Loads
1.3.4 Interconnecting Networks
1.3.5 Oil & Gas
1.3.6 Others
1.4 Global HVDC Converter Stations Market by Region
1.4.1 Global HVDC Converter Stations Market Size Region
1.4.2 North America Status and Prospect (2014-2025)
1.4.3 Europe Status and Prospect (2014-2025)
1.4.4 China Status and Prospect (2014-2025)
1.4.5 Japan Status and Prospect (2014-2025)
1.5 Global HVDC Converter Stations Market Size
1.5.1 Global HVDC Converter Stations Revenue (2014-2025)
1.5.2 Global HVDC Converter Stations Production (2014-2025)
2 Global HVDC Converter Stations Market Competition by Manufacturers
2.1 Global HVDC Converter Stations Production Market Share by Manufacturers (2014-2019)
2.2 Global HVDC Converter Stations Revenue Share by Manufacturers (2014-2019)
2.3 Global HVDC Converter Stations Average Price by Manufacturers (2014-2019)
2.4 Manufacturers HVDC Converter Stations Production Sites, Area Served, Product Types
2.5 HVDC Converter Stations Market Competitive Situation and Trends
2.5.1 HVDC Converter Stations Market Concentration Rate
2.5.2 HVDC Converter Stations Market Share of Top 3 and Top 5 Manufacturers
2.5.3 Mergers & Acquisitions, Expansion
3 Global HVDC Converter Stations Production Market Share by Regions
3.1 Global HVDC Converter Stations Production Market Share by Regions
3.2 Global HVDC Converter Stations Revenue Market Share by Regions (2014-2019)
3.3 Global HVDC Converter Stations Production, Revenue, Price and Gross Margin (2014-2019)
3.4 North America HVDC Converter Stations Production
3.4.1 North America HVDC Converter Stations Production Growth Rate (2014-2019)
3.4.2 North America HVDC Converter Stations Production, Revenue, Price and Gross Margin (2014-2019)
3.5 Europe HVDC Converter Stations Production
3.5.1 Europe HVDC Converter Stations Production Growth Rate (2014-2019)
3.5.2 Europe HVDC Converter Stations Production, Revenue, Price and Gross Margin (2014-2019)
3.6 China HVDC Converter Stations Production (2014-2019)
3.6.1 China HVDC Converter Stations Production Growth Rate (2014-2019)
3.6.2 China HVDC Converter Stations Production, Revenue, Price and Gross Margin (2014-2019)
3.7 Japan HVDC Converter Stations Production (2014-2019)
3.7.1 Japan HVDC Converter Stations Production Growth Rate (2014-2019)
3.7.2 Japan HVDC Converter Stations Production, Revenue, Price and Gross Margin (2014-2019)
4 Global HVDC Converter Stations Consumption by Regions
4.1 Global HVDC Converter Stations Consumption by Regions
4.2 North America HVDC Converter Stations Consumption (2014-2019)
4.3 Europe HVDC Converter Stations Consumption (2014-2019)
4.4 China HVDC Converter Stations Consumption (2014-2019)
4.5 Japan HVDC Converter Stations Consumption (2014-2019)
5 Global HVDC Converter Stations Production, Revenue, Price Trend by Type
5.1 Global HVDC Converter Stations Production Market Share by Type (2014-2019)
5.2 Global HVDC Converter Stations Revenue Market Share by Type (2014-2019)
5.3 Global HVDC Converter Stations Price by Type (2014-2019)
5.4 Global HVDC Converter Stations Production Growth by Type (2014-2019)
6 Global HVDC Converter Stations Market Analysis by Applications
6.1 Global HVDC Converter Stations Consumption Market Share by Application (2014-2019)
6.2 Global HVDC Converter Stations Consumption Growth Rate by Application (2014-2019)
7 Company Profiles and Key Figures in HVDC Converter Stations Business
7.1 Power Industry
7.1.1 Power Industry HVDC Converter Stations Production Sites and Area Served
7.1.2 HVDC Converter Stations Product Introduction, Application and Specification
7.1.3 Power Industry HVDC Converter Stations Production, Revenue, Price and Gross Margin (2014-2019)
7.1.4 Main Business and Markets Served
7.2 Powering Island and Remote Loads
7.2.1 Powering Island and Remote Loads HVDC Converter Stations Production Sites and Area Served
7.2.2 HVDC Converter Stations Product Introduction, Application and Specification
7.2.3 Powering Island and Remote Loads HVDC Converter Stations Production, Revenue, Price and Gross Margin (2014-2019)
7.2.4 Main Business and Markets Served
7.3 Interconnecting Networks
7.3.1 Interconnecting Networks HVDC Converter Stations Production Sites and Area Served
7.3.2 HVDC Converter Stations Product Introduction, Application and Specification
7.3.3 Interconnecting Networks HVDC Converter Stations Production, Revenue, Price and Gross Margin (2014-2019)
7.3.4 Main Business and Markets Served
7.4 Oil & Gas
7.4.1 Oil & Gas HVDC Converter Stations Production Sites and Area Served
7.4.2 HVDC Converter Stations Product Introduction, Application and Specification
7.4.3 Oil & Gas HVDC Converter Stations Production, Revenue, Price and Gross Margin (2014-2019)
7.4.4 Main Business and Markets Served
7.5 Other
7.5.1 Other HVDC Converter Stations Production Sites and Area Served
7.5.2 HVDC Converter Stations Product Introduction, Application and Specification
7.5.3 Other HVDC Converter Stations Production, Revenue, Price and Gross Margin (2014-2019)
7.5.4 Main Business and Markets Served
8 HVDC Converter Stations Manufacturing Cost Analysis
8.1 HVDC Converter Stations Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Price Trend of Key Raw Materials
8.1.3 Key Suppliers of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of HVDC Converter Stations
8.4 HVDC Converter Stations Industrial Chain Analysis
9 Marketing Channel, Distributors and Customers
9.1 Marketing Channel
9.1.1 Direct Marketing
9.1.2 Indirect Marketing
9.2 HVDC Converter Stations Distributors List
9.3 HVDC Converter Stations Customers
10 Market Dynamics
10.1 Market Trends
10.2 Opportunities
10.3 Market Drivers
10.4 Challenges
10.5 Influence Factors
11 Global HVDC Converter Stations Market Forecast
11.1 Global HVDC Converter Stations Production, Revenue Forecast
11.1.1 Global HVDC Converter Stations Production Growth Rate Forecast (2019-2025)
11.1.2 Global HVDC Converter Stations Revenue and Growth Rate Forecast (2019-2025)
11.1.3 Global HVDC Converter Stations Price and Trend Forecast (2019-2025)
11.2 Global HVDC Converter Stations Production Forecast by Regions (2019-2025)
11.2.1 North America HVDC Converter Stations Production, Revenue Forecast (2019-2025)
11.2.2 Europe HVDC Converter Stations Production, Revenue Forecast (2019-2025)
11.2.3 China HVDC Converter Stations Production, Revenue Forecast (2019-2025)
11.2.4 Japan HVDC Converter Stations Production, Revenue Forecast (2019-2025)
11.3 Global HVDC Converter Stations Consumption Forecast by Regions (2019-2025)
11.3.1 North America HVDC Converter Stations Consumption Forecast (2019-2025)
11.3.2 Europe HVDC Converter Stations Consumption Forecast (2019-2025)
11.3.3 China HVDC Converter Stations Consumption Forecast (2019-2025)
11.3.4 Japan HVDC Converter Stations Consumption Forecast (2019-2025)
11.4 Global HVDC Converter Stations Production, Revenue and Price Forecast by Type (2019-2025)
11.5 Global HVDC Converter Stations Consumption Forecast by Application (2019-2025)
12 Research Findings and Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Author List
13.4 Disclaimer
List of Tables and Figures
Figure Picture of HVDC Converter Stations
Table Global HVDC Converter Stations Production (K Units) Growth Rate Comparison by Types (2014-2025)
Figure Global HVDC Converter Stations Production Market Share by Types in 2018
Figure Monopolar Product Picture
Table Monopolar Major Manufacturers
Figure Bi-Polar Product Picture
Table Bi-Polar Major Manufacturers
Figure Back to Back Product Picture
Table Back to Back Major Manufacturers
Figure Multi-Terminal Product Picture
Table Multi-Terminal Major Manufacturers
Table Global HVDC Converter Stations Consumption (K Units) Comparison by Applications (2014-2025)
Figure Global HVDC Converter Stations Consumption Market Share by Applications in 2018
Figure Power Industry
Figure Powering Island and Remote Loads
Figure Interconnecting Networks
Figure Oil & Gas
Figure Others
Table HVDC Converter Stations Market Size (Million US$) Comparison by Regions (2014-2025)
Figure North America HVDC Converter Stations Revenue (Million USD) and Growth Rate (2014-2025)
Figure Europe HVDC Converter Stations Revenue (Million USD) and Growth Rate (2014-2025)
Figure China HVDC Converter Stations Revenue (Million USD) and Growth Rate (2014-2025)
Figure Japan HVDC Converter Stations Revenue (Million USD) and Growth Rate (2014-2025)
Figure Global HVDC Converter Stations Revenue (Million USD) (2014-2025)
Figure Global HVDC Converter Stations Production (K Units) (2014-2025)
Table Global HVDC Converter Stations Production (K Units) of Key Manufacturers (2014-2019)
Table Global HVDC Converter Stations Production Share by Manufacturers (2014-2019)
Figure HVDC Converter Stations Production Share by Manufacturers in 2018
Table Global HVDC Converter Stations Revenue (Million USD) by Manufacturers (2014-2019)
Table Global HVDC Converter Stations Revenue Share by Manufacturers (2014-2019)
Figure Global HVDC Converter Stations Revenue Share by Manufacturers in 2018
Table Global Market HVDC Converter Stations Average Price (USD/Unit) of Key Manufacturers (2014-2019)
Figure Global Market HVDC Converter Stations Average Price (USD/Unit) of Key Manufacturers in 2018
Table Manufacturers HVDC Converter Stations Production Sites and Area Served
Table Manufacturers HVDC Converter Stations Product Types
Figure HVDC Converter Stations Market Share of Top 5 Manufacturers
Figure HVDC Converter Stations Market Share of Top 10 Manufacturers
Table Global HVDC Converter Stations Production (K Units) by Region (2014-2019)
Table Global HVDC Converter Stations Production Market Share by Region (2014-2019)
Figure Global HVDC Converter Stations Production Market Share by Region (2014-2019)
Figure Global HVDC Converter Stations Production Market Share by Region in 2018
Table Global HVDC Converter Stations Revenue (Million USD) by Region (2014-2019)
Table Global HVDC Converter Stations Revenue Market Share by Region (2014-2019)
Figure Global HVDC Converter Stations Revenue Market Share by Region (2014-2019)
Figure Global HVDC Converter Stations Revenue Market Share by Region in 2018
Figure Global HVDC Converter Stations Production (K Units) Growth Rate (2014-2019)
Table Global HVDC Converter Stations Production (K Units), Revenue (Million US$), Price (USD/Unit) and Gross Margin (2014-2019)
Figure North America HVDC Converter Stations Production (K Units) Growth Rate (2014-2019)
Table North America HVDC Converter Stations Production (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2014-2019)
Figure Europe HVDC Converter Stations Production (K Units) Growth Rate (2014-2019)
Table Europe HVDC Converter Stations Production (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2014-2019)
Figure China HVDC Converter Stations Production (K Units) Growth Rate (2014-2019)
Table China HVDC Converter Stations Production (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2014-2019)
Figure Japan HVDC Converter Stations Production (K Units) Growth Rate (2014-2019)
Table Japan HVDC Converter Stations Production (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2014-2019)
Table Global HVDC Converter Stations Consumption (K Units) Market by Region (2014-2019)
Table Global HVDC Converter Stations Consumption Market Share by Region (2014-2019)
Figure Global HVDC Converter Stations Consumption Market Share by Region (2014-2019)
Figure Global HVDC Converter Stations Consumption Market Share by Region in 2018
Figure North America HVDC Converter Stations Consumption Growth Rate (2014-2019) (K Units)
Figure Europe HVDC Converter Stations Consumption Growth Rate (2014-2019) (K Units)
Figure China HVDC Converter Stations Consumption Growth Rate (2014-2019) (K Units)
Figure Japan HVDC Converter Stations Consumption Growth Rate (2014-2019) (K Units)
Table Global HVDC Converter Stations Production (K Units) by Type (2014-2019)
Table Global HVDC Converter Stations Production Share by Type (2014-2019)
Figure Production Market Share of HVDC Converter Stations by Type (2014-2019)
Figure Production Market Share of HVDC Converter Stations by Type in 2018
Table Global HVDC Converter Stations Revenue (Million USD) by Type (2014-2019)
Table Global HVDC Converter Stations Revenue Share by Type (2014-2019)
Figure Revenue Share of HVDC Converter Stations by Type (2014-2019)
Figure Revenue Market Share of HVDC Converter Stations by Type in 2018
Table Global HVDC Converter Stations Price (USD/Unit) by Type (2014-2019)
Figure Global HVDC Converter Stations Production Growth by Type (2014-2019) (K Units)
Table Global HVDC Converter Stations Consumption (K Units) by Application (2014-2019)
Table Global HVDC Converter Stations Consumption Market Share by Application (2014-2019)
Figure Global HVDC Converter Stations Consumption Market Share by Applications (2014-2019)
Figure Global HVDC Converter Stations Consumption Market Share by Application in 2018
Table Global HVDC Converter Stations Consumption Growth Rate by Application (2014-2019)
Figure Global HVDC Converter Stations Consumption Growth Rate by Application (2014-2019)
Table Power Industry HVDC Converter Stations Production Sites and Area Served
Table Power Industry Product Introduction, Application and Specification
Table Power Industry HVDC Converter Stations Production (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2014-2019)
Figure Power Industry HVDC Converter Stations Production Growth Rate (2014-2019)
Figure Power Industry HVDC Converter Stations Production Market Share (2014-2019)
Figure Power Industry HVDC Converter Stations Revenue Market Share (2014-2019)
Table Power Industry Main Business and Markets Served
Table Powering Island and Remote Loads HVDC Converter Stations Production Sites and Area Served
Table Powering Island and Remote Loads Product Introduction, Application and Specification
Table Powering Island and Remote Loads HVDC Converter Stations Production (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2014-2019)
Figure Powering Island and Remote Loads HVDC Converter Stations Production Growth Rate (2014-2019)
Figure Powering Island and Remote Loads HVDC Converter Stations Production Market Share (2014-2019)
Figure Powering Island and Remote Loads HVDC Converter Stations Revenue Market Share (2014-2019)
Table Powering Island and Remote Loads Main Business and Markets Served
Table Interconnecting Networks HVDC Converter Stations Production Sites and Area Served
Table Interconnecting Networks Product Introduction, Application and Specification
Table Interconnecting Networks HVDC Converter Stations Production (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2014-2019)
Figure Interconnecting Networks HVDC Converter Stations Production Growth Rate (2014-2019)
Figure Interconnecting Networks HVDC Converter Stations Production Market Share (2014-2019)
Figure Interconnecting Networks HVDC Converter Stations Revenue Market Share (2014-2019)
Table Interconnecting Networks Main Business and Markets Served
Table Oil & Gas HVDC Converter Stations Production Sites and Area Served
Table Oil & Gas Product Introduction, Application and Specification
Table Oil & Gas HVDC Converter Stations Production (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2014-2019)
Figure Oil & Gas HVDC Converter Stations Production Growth Rate (2014-2019)
Figure Oil & Gas HVDC Converter Stations Production Market Share (2014-2019)
Figure Oil & Gas HVDC Converter Stations Revenue Market Share (2014-2019)
Table Oil & Gas Main Business and Markets Served
Table Other HVDC Converter Stations Production Sites and Area Served
Table Other Product Introduction, Application and Specification
Table Other HVDC Converter Stations Production (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2014-2019)
Figure Other HVDC Converter Stations Production Growth Rate (2014-2019)
Figure Other HVDC Converter Stations Production Market Share (2014-2019)
Figure Other HVDC Converter Stations Revenue Market Share (2014-2019)
Table Other Main Business and Markets Served
Table Production Base and Market Concentration Rate of Raw Material
Figure Price Trend of Key Raw Materials
Table Key Suppliers of Raw Materials
Figure Manufacturing Cost Structure of HVDC Converter Stations
Figure Manufacturing Process Analysis of HVDC Converter Stations
Figure HVDC Converter Stations Industrial Chain Analysis
Table HVDC Converter Stations Distributors List
Table HVDC Converter Stations Customers List
Table Market Key Trends
Table Key Opportunities
Table Market Key Drivers
Table Key Challenges
Table Key Influence Factors
Figure Global HVDC Converter Stations Production (K Units) and Growth Rate Forecast (2019-2025)
Figure Global HVDC Converter Stations Revenue (Million USD) and Growth Rate Forecast (2019-2025)
Figure Global HVDC Converter Stations Price and Trend Forecast (2019-2025)
Table Global HVDC Converter Stations Production (K Units) Forecast by Region (2019-2025)
Figure Global HVDC Converter Stations Production Market Share Forecast by Region (2019-2025)
Figure North America HVDC Converter Stations Production (K Units) and Growth Rate Forecast (2019-2025)
Figure North America HVDC Converter Stations Revenue (Million USD) and Growth Rate Forecast (2019-2025)
Figure Europe HVDC Converter Stations Production (K Units) and Growth Rate Forecast (2019-2025)
Figure Europe HVDC Converter Stations Revenue (Million USD) and Growth Rate Forecast (2019-2025)
Figure China HVDC Converter Stations Production (K Units) and Growth Rate Forecast (2019-2025)
Figure China HVDC Converter Stations Revenue (Million USD) and Growth Rate Forecast (2019-2025)
Figure Japan HVDC Converter Stations Production (K Units) and Growth Rate Forecast (2019-2025)
Figure Japan HVDC Converter Stations Revenue (Million USD) and Growth Rate Forecast (2019-2025)
Table Global HVDC Converter Stations Consumption (K Units) Forecast by Regions (2019-2025)
Figure Global HVDC Converter Stations Consumption Market Share Forecast by Regions (2019-2025)
Figure North America HVDC Converter Stations Consumption (K Units) Growth Rate Forecast (2019-2025)
Figure Europe HVDC Converter Stations Consumption (K Units) Growth Rate Forecast (2019-2025)
Figure China HVDC Converter Stations Consumption (K Units) Growth Rate Forecast (2019-2025)
Figure Japan HVDC Converter Stations Consumption (K Units) Growth Rate Forecast (2019-2025)
Table Global HVDC Converter Stations Production (K Units) Forecast by Type (2019-2025)
Figure Global HVDC Converter Stations Production (K Units) Forecast by Type (2019-2025)
Table Global HVDC Converter Stations Revenue (Million USD) Forecast by Type (2019-2025)
Figure Global HVDC Converter Stations Revenue Market Share Forecast by Type (2019-2025)
Table Global HVDC Converter Stations Price (USD/Unit) Forecast by Type (2019-2025)
Table Global HVDC Converter Stations Consumption (K Units) Forecast by Application (2019-2025)
Figure Global HVDC Converter Stations Consumption Forecast by Application (2019-2025)
Table Research Programs/Design for This Report
Figure Bottom-up and Top-down Approaches for This Report
Figure Data Triangulation
Table Key Data Information from Secondary Sources
Table Key Data Information from Primary Sources
