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Yahoo
3 days ago
- Business
- Yahoo
HVDC (High Voltage Direct Current) Transmission Industry Report 2025 - Global $19 Bn Market Trends, Opportunities, and Forecasts, 2020-2030: Demand for Long-Distance and Efficient Power Transmission
The HVDC Transmission Market presents opportunities in enhancing long-distance power delivery with minimal losses, especially for integrating renewables from remote locations to urban centers. Growth is driven by the need for efficient power infrastructure and cross-border projects, despite high capital costs. HVDC Transmission Market Dublin, June 05, 2025 (GLOBE NEWSWIRE) -- The "HVDC Transmission Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F" report has been added to HVDC Transmission Market was valued at USD 12.98 Billion in 2024, and is expected to reach USD 19.05 Billion by 2030, rising at a CAGR of 6.44% HVDC (High Voltage Direct Current) transmission systems are increasingly adopted for long-distance power transmission due to their ability to minimize energy loss, enhance grid stability, and efficiently integrate renewable energy sources. These systems operate on direct current rather than alternating current, offering superior performance for transporting electricity over vast distances. Their strategic use in connecting remote renewable energy installations to urban centers, combined with growing investment in modernizing energy infrastructure, is accelerating market growth globally. Key Market Drivers Rising Demand for Long-Distance and Efficient Power TransmissionThe increasing requirement for reliable long-distance power delivery is significantly propelling the HVDC transmission market. As renewable energy projects - such as offshore wind farms and desert-based solar plants - are often situated far from major consumption zones, HVDC systems offer critical advantages including lower transmission losses and enhanced grid with vast and diverse geographies, such as China, India, and the U.S., particularly benefit from HVDC's capability to bridge large distances. The technology is also preferred in space-constrained areas and for undersea applications. Key projects like NordLink and the North Sea Wind Power Hub in Europe highlight HVDC's role in cross-border energy sharing. The expansion of ultra-high-voltage lines and ongoing deployment of over 300 projects worldwide further underscore the growing reliance on HVDC to support rising electricity demands and renewable energy Market Challenges High Initial Capital Investment and Long Payback PeriodThe HVDC transmission market faces a major hurdle in the form of substantial upfront capital expenditure. Establishing HVDC infrastructure requires costly equipment like converter stations, specialized cables, and advanced control technologies. The total expense often reaches billions of dollars, which limits accessibility for financially constrained entities and restricts adoption to well-funded or state-backed initiatives. Additionally, extended project timelines and long-term return on investment deter short-term-focused investors. Further complications arise from the complexity of permitting, regulatory approvals, and environmental assessments, which often cause cost overruns and delays. The limited pool of qualified manufacturers, including a few dominant players such as Hitachi Energy, Siemens Energy, and GE Vernova, adds to the challenge by constraining competition and increasing dependency on select Market Trends Expansion of Cross-Border HVDC Projects to Strengthen Regional Power GridsAn emerging trend in the HVDC transmission market is the growing number of cross-border projects aimed at reinforcing regional power networks and enabling efficient electricity trade. HVDC technology is increasingly recognized for its ability to transmit electricity over long distances with minimal losses, making it ideal for linking national grids. Europe is at the forefront with projects like Viking Link and NordLink, facilitating energy exchange and balancing renewable energy generation. Similar efforts in Asia and MENA regions focus on cross-border hydropower and solar integration. These projects not only bolster grid reliability and sustainability but also promote geopolitical collaboration and energy market efficiency. Advances in technologies like Voltage Source Converters and modular multilevel systems are further enhancing HVDC project feasibility, setting the stage for accelerated global deployment. Key Attributes: Report Attribute Details No. of Pages 180 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $12.98 Billion Forecasted Market Value (USD) by 2030 $19.05 Billion Compound Annual Growth Rate 6.4% Regions Covered Global Report Scope: Competitive LandscapeCompany Profiles: Detailed analysis of the major companies present in the Global HVDC Transmission Market. Hitachi Energy Ltd. Siemens Energy AG General Electric Company ABB Ltd. NR Electric Co., Ltd. Prysmian S.p.A. Nexans S.A. NKT A/S Toshiba Energy Systems & Solutions Corporation Mitsubishi Electric Corporation HVDC Transmission Market, By Type: High-power Rating Projects Low-power Rating Projects HVDC Transmission Market, By Technology: Line Commutated Converter (LCC) Voltage Source Converters (VSC) HVDC Transmission Market, By Application: Subsea Underground Overhead Mixed HVDC Transmission Market, By Region: North America United States Canada Mexico Europe France United Kingdom Italy Germany Spain Asia-Pacific China India Japan Australia South Korea South America Brazil Argentina Colombia Middle East & Africa South Africa Saudi Arabia UAE Kuwait Turkey For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment HVDC Transmission Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
HVDC (High Voltage Direct Current) Transmission Industry Report 2025 - Global $19 Bn Market Trends, Opportunities, and Forecasts, 2020-2030: Demand for Long-Distance and Efficient Power Transmission
The HVDC Transmission Market presents opportunities in enhancing long-distance power delivery with minimal losses, especially for integrating renewables from remote locations to urban centers. Growth is driven by the need for efficient power infrastructure and cross-border projects, despite high capital costs. HVDC Transmission Market Dublin, June 05, 2025 (GLOBE NEWSWIRE) -- The "HVDC Transmission Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F" report has been added to HVDC Transmission Market was valued at USD 12.98 Billion in 2024, and is expected to reach USD 19.05 Billion by 2030, rising at a CAGR of 6.44% HVDC (High Voltage Direct Current) transmission systems are increasingly adopted for long-distance power transmission due to their ability to minimize energy loss, enhance grid stability, and efficiently integrate renewable energy sources. These systems operate on direct current rather than alternating current, offering superior performance for transporting electricity over vast distances. Their strategic use in connecting remote renewable energy installations to urban centers, combined with growing investment in modernizing energy infrastructure, is accelerating market growth globally. Key Market Drivers Rising Demand for Long-Distance and Efficient Power TransmissionThe increasing requirement for reliable long-distance power delivery is significantly propelling the HVDC transmission market. As renewable energy projects - such as offshore wind farms and desert-based solar plants - are often situated far from major consumption zones, HVDC systems offer critical advantages including lower transmission losses and enhanced grid with vast and diverse geographies, such as China, India, and the U.S., particularly benefit from HVDC's capability to bridge large distances. The technology is also preferred in space-constrained areas and for undersea applications. Key projects like NordLink and the North Sea Wind Power Hub in Europe highlight HVDC's role in cross-border energy sharing. The expansion of ultra-high-voltage lines and ongoing deployment of over 300 projects worldwide further underscore the growing reliance on HVDC to support rising electricity demands and renewable energy Market Challenges High Initial Capital Investment and Long Payback PeriodThe HVDC transmission market faces a major hurdle in the form of substantial upfront capital expenditure. Establishing HVDC infrastructure requires costly equipment like converter stations, specialized cables, and advanced control technologies. The total expense often reaches billions of dollars, which limits accessibility for financially constrained entities and restricts adoption to well-funded or state-backed initiatives. Additionally, extended project timelines and long-term return on investment deter short-term-focused investors. Further complications arise from the complexity of permitting, regulatory approvals, and environmental assessments, which often cause cost overruns and delays. The limited pool of qualified manufacturers, including a few dominant players such as Hitachi Energy, Siemens Energy, and GE Vernova, adds to the challenge by constraining competition and increasing dependency on select Market Trends Expansion of Cross-Border HVDC Projects to Strengthen Regional Power GridsAn emerging trend in the HVDC transmission market is the growing number of cross-border projects aimed at reinforcing regional power networks and enabling efficient electricity trade. HVDC technology is increasingly recognized for its ability to transmit electricity over long distances with minimal losses, making it ideal for linking national grids. Europe is at the forefront with projects like Viking Link and NordLink, facilitating energy exchange and balancing renewable energy generation. Similar efforts in Asia and MENA regions focus on cross-border hydropower and solar integration. These projects not only bolster grid reliability and sustainability but also promote geopolitical collaboration and energy market efficiency. Advances in technologies like Voltage Source Converters and modular multilevel systems are further enhancing HVDC project feasibility, setting the stage for accelerated global deployment. Key Attributes: Report Attribute Details No. of Pages 180 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $12.98 Billion Forecasted Market Value (USD) by 2030 $19.05 Billion Compound Annual Growth Rate 6.4% Regions Covered Global Report Scope: Competitive LandscapeCompany Profiles: Detailed analysis of the major companies present in the Global HVDC Transmission Market. Hitachi Energy Ltd. Siemens Energy AG General Electric Company ABB Ltd. NR Electric Co., Ltd. Prysmian S.p.A. Nexans S.A. NKT A/S Toshiba Energy Systems & Solutions Corporation Mitsubishi Electric Corporation HVDC Transmission Market, By Type: High-power Rating Projects Low-power Rating Projects HVDC Transmission Market, By Technology: Line Commutated Converter (LCC) Voltage Source Converters (VSC) HVDC Transmission Market, By Application: Subsea Underground Overhead Mixed HVDC Transmission Market, By Region: North America United States Canada Mexico Europe France United Kingdom Italy Germany Spain Asia-Pacific China India Japan Australia South Korea South America Brazil Argentina Colombia Middle East & Africa South Africa Saudi Arabia UAE Kuwait Turkey For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment HVDC Transmission Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
Time of India
14-05-2025
- Business
- Time of India
GE Vernova to invest ₹140 crore to expand grid tech footprint in India
New Delhi: GE Vernova on Wednesday announced plans to invest approximately ₹140 crore ($16 million) in India to expand its electrification manufacturing and engineering footprint, with a focus on advanced grid technologies. The investment will be made by GE Vernova T&D India Limited, the listed entity of GE Vernova's Electrification business in India. It includes the development of a new manufacturing line at the company's existing facility in Chennai (Pallavaram) and a new engineering and test lab in Noida. These expansions aim to enhance the ability of GE Vernova T&D India to manufacture and test key next-generation equipment used in modern transmission systems, to support India's energy transition and export demand from other fast-growing economies. The facilities will focus on High Voltage Direct Current (HVDC) and Flexible Alternating Current Transmission Systems (FACTS)—technologies used to stabilize power grids, reduce transmission losses, and enable integration of renewable energy sources such as wind and solar. 'India continues to be a critical part of our global strategy—both for our customers and as a manufacturing hub,' said Johan Bindele, VP of Grid Systems Integration at GE Vernova. 'GE Vernova's Electrification equipment backlog has more than tripled over the past year—driven by strong demand for transformers, switchgear, and grid technologies including HVDC and FACTS. These new expansions are aimed at enhancing our capabilities in the region, helping reduce supply chain dependencies, and allowing us to deliver faster, smarter solutions to customers in India and around the world.' 'With energy demand rising and more renewables being added to the grid, the need for strong, smart, and flexible infrastructure has never been greater,' said Sandeep Zanzaria, Managing Director and CEO of GE Vernova T&D India Limited. 'Through this investment, we are strengthening our ability to deliver technologies that help utilities move more power, with fewer losses, over longer distances—and do it more sustainably.' The new manufacturing line at the Chennai facility will produce Line Commutated Converter (LCC) HVDC valves and Voltage Source Converter (VSC) Static Synchronous Compensator (STATCOM) valves. LCC is used for long-distance, high-capacity power transmission, while VSC is suitable for connecting renewable energy sources and providing grid stability. In Noida, GE Vernova T&D India will set up a new engineering and test lab to support design and system validation, as well as to supply control systems for real-world grid conditions. The Noida lab is expected to be operational by the end of 2025, and the new manufacturing line at the Chennai facility by early 2027. The investment is part of GE Vernova's broader 'Asia for Asia' strategy and is included within the company's previously announced $4 billion global capex plan through 2028. The strategy focuses on building local manufacturing capacity to serve regional needs and strengthen global supply chains. It also aligns with India's renewable energy goals and promotes domestic production of grid technologies. GE Vernova T&D India currently operates five manufacturing facilities across the country and has been serving the Indian grid for over a century.
