Home > Energy & Power > Electrical Equipment > HVDC Converters > HVDC Converters Market

HVDC Converters Market Share

Report ID: GMI4015
Published Date: Mar 2023
Report Format: PDF

Download Free Sample

HVDC Converters Market Share

Some of the prominent companies functioning in the global business scenario for HVDC converters are :

General Electric
Hitachi, Ltd
CG Power & Industrial Solutions Ltd.
Bharat Heavy Electricals Limited (BHEL)
ABB
Toshiba Corporation
Siemens Energy

These companies are incorporating strategies including product reach expansion, collaborations, and economic developments to strengthen their presence in the market.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of HVDC converters surpassed USD 4.5 billion in 2023 and is slated to register 22.7% CAGR during 2024 to 2032, due to the mounting expenditure on grid infrastructure modernization projects.

HVDC converters industry from the VSC segment will witness 20% growth rate from 2023-2032, driven by the strong demand for offshore and underground power transmission networks.

The Europe HVDC converters industry size is set to observe 15% gains between 2023 and 2032, on account of the rising emphasis on cross-border transmission network expansion.

General Electric, Hitachi, Ltd., CG Power & Industrial Solutions Ltd., Bharat Heavy Electricals Limited (BHEL), ABB, Toshiba Corporation, and Siemens Energy are some of the prominent companies functioning in the global HVDC converters business scenario.