High Voltage Transmission Systems are used in distributing the electric current over long distances using the principle of Direct Current (DC). These systems ensure the unidirectional flow of current with efficiency and minimum loss of energy during the transmission process. This comparative advantage makes these systems highly beneficial in the power and utility sector where the electricity is supplied to industries as well as the households. The technology works on various frameworks like Line commutated Converter (LLC) and Voltage Source Converter (VSC). The power can be transmitted via different modes like overhead, underground and subsea transmission lines.

The Asia Pacific market is highly lucrative when it comes to the HVDC Transmission systems. Growing population, expanding industrial sector, Increasing demand and consumption of energy, inclination towards adopting cost-effective systems and systems that have minimum negative impact on the environment are amongst the factors that are expected to drive the market growth of APAC HVDC Transmission Systems Market in the Asia Pacific region. Moreover, the need for having systems with minimal flaws and avoiding electricity blackouts would further enhance the growth opportunities for the market as governments look forward to adopt HVDC systems for energy transmission by replacing the existing ones.

Market Dynamics

Electric components like smoothing reactors, converters, harmonic filters, etc. are used in the constructions of HVDC transmission systems. The current market requirement of developing systems that work seamlessly, avoid energy losses, have limited impact on the environment is increasingly growing the market for HVDC transmission systems. The market is driven by growing consumption of electricity by the households as well as the businesses. The rise in use of electrical gadgets like smart devices, home appliances, electric vehicles, etc. is resulting in the rise in the consumption requirements in the households while, the growing adoption of technology and automation of systems in the businesses is resulting in the growing requirement for electricity among the businesses. The construction of power grids for meeting the energy requirements is becoming a popular trend in several countries. These grids have the capacity to contribute towards the energy requirements of home country as well as the cross-border transmission of energy, if implemented efficiently.

Key features of the study:

• This report provides an in-depth analysis of the APAC HVDC transmission systems market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
• It profiles leading players in the APAC HVDC transmission systems market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans

• Companies covered as a part of this study are ABB Ltd., ATCO Electric Ltd., General Electric Co., Hitachi Ltd., Prysmian SpA, Siemens AG, Toshiba Corporation, TransGrid Solutions Inc.
• Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
• APAC HVDC transmission systems market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the APAC HVDC transmission systems market

Detailed Segmentation

• APAC HVDC transmission systems Market, By System Components:
  • AC & DC Harmonic Filters
  • Converters
  • DC Lines
  • Circuit Breakers
  • Others
• APAC HVDC transmission systems Market, By Technology:
  • LCC
  • VSC
  • Others
• APAC HVDC transmission systems Market, By Development:
  • Overhead
  • Underground
  • Subsea
  • Combination
• APAC HVDC transmission systems Market, By Power Rating:
  • Below 1,000 MWs
  • 1,001 to 2,000 MWs
  • 2001 MWs and Above
• APAC HVDC transmission systems Market, By Country:
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN
  • Rest of Asia Pacific 
    
• Company Profiles
  • ABB Ltd. 
  • ATCO Electric Ltd.
  • General Electric Co.
  • Hitachi Ltd.
  • Prysmian SpA
  • Siemens AG
  • Toshiba Corporation
  • TransGrid Solutions Inc.
  • Others