Global HVDC Converter Station Market Growth 2023-2029

An HVDC converter station (or simply converter station) is a specialised type of substation which forms the terminal equipment for a high-voltage direct current (HVDC) transmission line. It converts direct current to alternating current or the reverse.

LPI (LP Information)' newest research report, the “HVDC Converter Station Industry Forecast” looks at past sales and reviews total world HVDC Converter Station sales in 2022, providing a comprehensive analysis by region and market sector of projected HVDC Converter Station sales for 2023 through 2029. With HVDC Converter Station sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world HVDC Converter Station industry.

This Insight Report provides a comprehensive analysis of the global HVDC Converter Station landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on HVDC Converter Station portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global HVDC Converter Station market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for HVDC Converter Station and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global HVDC Converter Station.

The global HVDC Converter Station market size is projected to grow from US$ 8692.2 million in 2022 to US$ 13540 million in 2029; it is expected to grow at a CAGR of 13540 from 2023 to 2029.

Global HVDC Converter Station key players include ABB, Siemens, GE & Alstom Energy, BHEL, Orano etc. Global top five manufacturers hold a share over 80%. 
Europe is the largest market, with a share over 40%, followed by North America and Japan, both have a share over 30% percent. 
In terms of product, 1001MW-2000MW is the largest segment, with a share over 15%. And in terms of application, the largest application is Interconnecting Networks followed by Underground Power links.

This report presents a comprehensive overview, market shares, and growth opportunities of HVDC Converter Station market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    0-500MW
    501MW-999MW
    1000MW-2000MW
    2000+ MW

Segmentation by application
    Underground Power links
    Powering Island and Remote Loads
    Connecting Wind Farms
    Interconnecting Networks
    Oil & Gas Platforms

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    ABB
    Siemens
    GE & Alstom Energy
    BHEL
    Orano
    Hitachi
    Toshiba
    Mitsubishi

Key Questions Addressed in this Report
What is the 10-year outlook for the global HVDC Converter Station market?
What factors are driving HVDC Converter Station market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do HVDC Converter Station market opportunities vary by end market size?
How does HVDC Converter Station break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

List of Tables
    Table 1. HVDC Converter Station Annual Sales CAGR by Geographic Region (2018, 2022 & 2029) & ($ millions)
    Table 2. HVDC Converter Station Annual Sales CAGR by Country/Region (2018, 2022 & 2029) & ($ millions)
    Table 3. Major Players of 0-500MW
    Table 4. Major Players of 501MW-999MW
    Table 5. Major Players of 1000MW-2000MW
    Table 6. Major Players of 2000+ MW
    Table 7. Global HVDC Converter Station Sales by Type (2018-2023) & (K Units)
    Table 8. Global HVDC Converter Station Sales Market Share by Type (2018-2023)
    Table 9. Global HVDC Converter Station Revenue by Type (2018-2023) & ($ million)
    Table 10. Global HVDC Converter Station Revenue Market Share by Type (2018-2023)
    Table 11. Global HVDC Converter Station Sale Price by Type (2018-2023) & (USD/Unit)
    Table 12. Global HVDC Converter Station Sales by Application (2018-2023) & (K Units)
    Table 13. Global HVDC Converter Station Sales Market Share by Application (2018-2023)
    Table 14. Global HVDC Converter Station Revenue by Application (2018-2023)
    Table 15. Global HVDC Converter Station Revenue Market Share by Application (2018-2023)
    Table 16. Global HVDC Converter Station Sale Price by Application (2018-2023) & (USD/Unit)
    Table 17. Global HVDC Converter Station Sales by Company (2018-2023) & (K Units)
    Table 18. Global HVDC Converter Station Sales Market Share by Company (2018-2023)
    Table 19. Global HVDC Converter Station Revenue by Company (2018-2023) ($ Millions)
    Table 20. Global HVDC Converter Station Revenue Market Share by Company (2018-2023)
    Table 21. Global HVDC Converter Station Sale Price by Company (2018-2023) & (USD/Unit)
    Table 22. Key Manufacturers HVDC Converter Station Producing Area Distribution and Sales Area
    Table 23. Players HVDC Converter Station Products Offered
    Table 24. HVDC Converter Station Concentration Ratio (CR3, CR5 and CR10) & (2018-2023)
    Table 25. New Products and Potential Entrants
    Table 26. Mergers & Acquisitions, Expansion
    Table 27. Global HVDC Converter Station Sales by Geographic Region (2018-2023) & (K Units)
    Table 28. Global HVDC Converter Station Sales Market Share Geographic Region (2018-2023)
    Table 29. Global HVDC Converter Station Revenue by Geographic Region (2018-2023) & ($ millions)
    Table 30. Global HVDC Converter Station Revenue Market Share by Geographic Region (2018-2023)
    Table 31. Global HVDC Converter Station Sales by Country/Region (2018-2023) & (K Units)
    Table 32. Global HVDC Converter Station Sales Market Share by Country/Region (2018-2023)
    Table 33. Global HVDC Converter Station Revenue by Country/Region (2018-2023) & ($ millions)
    Table 34. Global HVDC Converter Station Revenue Market Share by Country/Region (2018-2023)
    Table 35. Americas HVDC Converter Station Sales by Country (2018-2023) & (K Units)
    Table 36. Americas HVDC Converter Station Sales Market Share by Country (2018-2023)
    Table 37. Americas HVDC Converter Station Revenue by Country (2018-2023) & ($ Millions)
    Table 38. Americas HVDC Converter Station Revenue Market Share by Country (2018-2023)
    Table 39. Americas HVDC Converter Station Sales by Type (2018-2023) & (K Units)
    Table 40. Americas HVDC Converter Station Sales by Application (2018-2023) & (K Units)
    Table 41. APAC HVDC Converter Station Sales by Region (2018-2023) & (K Units)
    Table 42. APAC HVDC Converter Station Sales Market Share by Region (2018-2023)
    Table 43. APAC HVDC Converter Station Revenue by Region (2018-2023) & ($ Millions)
    Table 44. APAC HVDC Converter Station Revenue Market Share by Region (2018-2023)
    Table 45. APAC HVDC Converter Station Sales by Type (2018-2023) & (K Units)
    Table 46. APAC HVDC Converter Station Sales by Application (2018-2023) & (K Units)
    Table 47. Europe HVDC Converter Station Sales by Country (2018-2023) & (K Units)
    Table 48. Europe HVDC Converter Station Sales Market Share by Country (2018-2023)
    Table 49. Europe HVDC Converter Station Revenue by Country (2018-2023) & ($ Millions)
    Table 50. Europe HVDC Converter Station Revenue Market Share by Country (2018-2023)
    Table 51. Europe HVDC Converter Station Sales by Type (2018-2023) & (K Units)
    Table 52. Europe HVDC Converter Station Sales by Application (2018-2023) & (K Units)
    Table 53. Middle East & Africa HVDC Converter Station Sales by Country (2018-2023) & (K Units)
    Table 54. Middle East & Africa HVDC Converter Station Sales Market Share by Country (2018-2023)
    Table 55. Middle East & Africa HVDC Converter Station Revenue by Country (2018-2023) & ($ Millions)
    Table 56. Middle East & Africa HVDC Converter Station Revenue Market Share by Country (2018-2023)
    Table 57. Middle East & Africa HVDC Converter Station Sales by Type (2018-2023) & (K Units)
    Table 58. Middle East & Africa HVDC Converter Station Sales by Application (2018-2023) & (K Units)
    Table 59. Key Market Drivers & Growth Opportunities of HVDC Converter Station
    Table 60. Key Market Challenges & Risks of HVDC Converter Station
    Table 61. Key Industry Trends of HVDC Converter Station
    Table 62. HVDC Converter Station Raw Material
    Table 63. Key Suppliers of Raw Materials
    Table 64. HVDC Converter Station Distributors List
    Table 65. HVDC Converter Station Customer List
    Table 66. Global HVDC Converter Station Sales Forecast by Region (2024-2029) & (K Units)
    Table 67. Global HVDC Converter Station Revenue Forecast by Region (2024-2029) & ($ millions)
    Table 68. Americas HVDC Converter Station Sales Forecast by Country (2024-2029) & (K Units)
    Table 69. Americas HVDC Converter Station Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 70. APAC HVDC Converter Station Sales Forecast by Region (2024-2029) & (K Units)
    Table 71. APAC HVDC Converter Station Revenue Forecast by Region (2024-2029) & ($ millions)
    Table 72. Europe HVDC Converter Station Sales Forecast by Country (2024-2029) & (K Units)
    Table 73. Europe HVDC Converter Station Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 74. Middle East & Africa HVDC Converter Station Sales Forecast by Country (2024-2029) & (K Units)
    Table 75. Middle East & Africa HVDC Converter Station Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 76. Global HVDC Converter Station Sales Forecast by Type (2024-2029) & (K Units)
    Table 77. Global HVDC Converter Station Revenue Forecast by Type (2024-2029) & ($ Millions)
    Table 78. Global HVDC Converter Station Sales Forecast by Application (2024-2029) & (K Units)
    Table 79. Global HVDC Converter Station Revenue Forecast by Application (2024-2029) & ($ Millions)
    Table 80. ABB Basic Information, HVDC Converter Station Manufacturing Base, Sales Area and Its Competitors
    Table 81. ABB HVDC Converter Station Product Portfolios and Specifications
    Table 82. ABB HVDC Converter Station Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2018-2023)
    Table 83. ABB Main Business
    Table 84. ABB Latest Developments
    Table 85. Siemens Basic Information, HVDC Converter Station Manufacturing Base, Sales Area and Its Competitors
    Table 86. Siemens HVDC Converter Station Product Portfolios and Specifications
    Table 87. Siemens HVDC Converter Station Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2018-2023)
    Table 88. Siemens Main Business
    Table 89. Siemens Latest Developments
    Table 90. GE & Alstom Energy Basic Information, HVDC Converter Station Manufacturing Base, Sales Area and Its Competitors
    Table 91. GE & Alstom Energy HVDC Converter Station Product Portfolios and Specifications
    Table 92. GE & Alstom Energy HVDC Converter Station Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2018-2023)
    Table 93. GE & Alstom Energy Main Business
    Table 94. GE & Alstom Energy Latest Developments
    Table 95. BHEL Basic Information, HVDC Converter Station Manufacturing Base, Sales Area and Its Competitors
    Table 96. BHEL HVDC Converter Station Product Portfolios and Specifications
    Table 97. BHEL HVDC Converter Station Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2018-2023)
    Table 98. BHEL Main Business
    Table 99. BHEL Latest Developments
    Table 100. Orano Basic Information, HVDC Converter Station Manufacturing Base, Sales Area and Its Competitors
    Table 101. Orano HVDC Converter Station Product Portfolios and Specifications
    Table 102. Orano HVDC Converter Station Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2018-2023)
    Table 103. Orano Main Business
    Table 104. Orano Latest Developments
    Table 105. Hitachi Basic Information, HVDC Converter Station Manufacturing Base, Sales Area and Its Competitors
    Table 106. Hitachi HVDC Converter Station Product Portfolios and Specifications
    Table 107. Hitachi HVDC Converter Station Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2018-2023)
    Table 108. Hitachi Main Business
    Table 109. Hitachi Latest Developments
    Table 110. Toshiba Basic Information, HVDC Converter Station Manufacturing Base, Sales Area and Its Competitors
    Table 111. Toshiba HVDC Converter Station Product Portfolios and Specifications
    Table 112. Toshiba HVDC Converter Station Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2018-2023)
    Table 113. Toshiba Main Business
    Table 114. Toshiba Latest Developments
    Table 115. Mitsubishi Basic Information, HVDC Converter Station Manufacturing Base, Sales Area and Its Competitors
    Table 116. Mitsubishi HVDC Converter Station Product Portfolios and Specifications
    Table 117. Mitsubishi HVDC Converter Station Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2018-2023)
    Table 118. Mitsubishi Main Business
    Table 119. Mitsubishi Latest Developments
List of Figures
    Figure 1. Picture of HVDC Converter Station
    Figure 2. HVDC Converter Station Report Years Considered
    Figure 3. Research Objectives
    Figure 4. Research Methodology
    Figure 5. Research Process and Data Source
    Figure 6. Global HVDC Converter Station Sales Growth Rate 2018-2029 (K Units)
    Figure 7. Global HVDC Converter Station Revenue Growth Rate 2018-2029 ($ Millions)
    Figure 8. HVDC Converter Station Sales by Region (2018, 2022 & 2029) & ($ Millions)
    Figure 9. Product Picture of 0-500MW
    Figure 10. Product Picture of 501MW-999MW
    Figure 11. Product Picture of 1000MW-2000MW
    Figure 12. Product Picture of 2000+ MW
    Figure 13. Global HVDC Converter Station Sales Market Share by Type in 2022
    Figure 14. Global HVDC Converter Station Revenue Market Share by Type (2018-2023)
    Figure 15. HVDC Converter Station Consumed in Underground Power links
    Figure 16. Global HVDC Converter Station Market: Underground Power links (2018-2023) & (K Units)
    Figure 17. HVDC Converter Station Consumed in Powering Island and Remote Loads
    Figure 18. Global HVDC Converter Station Market: Powering Island and Remote Loads (2018-2023) & (K Units)
    Figure 19. HVDC Converter Station Consumed in Connecting Wind Farms
    Figure 20. Global HVDC Converter Station Market: Connecting Wind Farms (2018-2023) & (K Units)
    Figure 21. HVDC Converter Station Consumed in Interconnecting Networks
    Figure 22. Global HVDC Converter Station Market: Interconnecting Networks (2018-2023) & (K Units)
    Figure 23. HVDC Converter Station Consumed in Oil & Gas Platforms
    Figure 24. Global HVDC Converter Station Market: Oil & Gas Platforms (2018-2023) & (K Units)
    Figure 25. Global HVDC Converter Station Sales Market Share by Application (2022)
    Figure 26. Global HVDC Converter Station Revenue Market Share by Application in 2022
    Figure 27. HVDC Converter Station Sales Market by Company in 2022 (K Units)
    Figure 28. Global HVDC Converter Station Sales Market Share by Company in 2022
    Figure 29. HVDC Converter Station Revenue Market by Company in 2022 ($ Million)
    Figure 30. Global HVDC Converter Station Revenue Market Share by Company in 2022
    Figure 31. Global HVDC Converter Station Sales Market Share by Geographic Region (2018-2023)
    Figure 32. Global HVDC Converter Station Revenue Market Share by Geographic Region in 2022
    Figure 33. Americas HVDC Converter Station Sales 2018-2023 (K Units)
    Figure 34. Americas HVDC Converter Station Revenue 2018-2023 ($ Millions)
    Figure 35. APAC HVDC Converter Station Sales 2018-2023 (K Units)
    Figure 36. APAC HVDC Converter Station Revenue 2018-2023 ($ Millions)
    Figure 37. Europe HVDC Converter Station Sales 2018-2023 (K Units)
    Figure 38. Europe HVDC Converter Station Revenue 2018-2023 ($ Millions)
    Figure 39. Middle East & Africa HVDC Converter Station Sales 2018-2023 (K Units)
    Figure 40. Middle East & Africa HVDC Converter Station Revenue 2018-2023 ($ Millions)
    Figure 41. Americas HVDC Converter Station Sales Market Share by Country in 2022
    Figure 42. Americas HVDC Converter Station Revenue Market Share by Country in 2022
    Figure 43. Americas HVDC Converter Station Sales Market Share by Type (2018-2023)
    Figure 44. Americas HVDC Converter Station Sales Market Share by Application (2018-2023)
    Figure 45. United States HVDC Converter Station Revenue Growth 2018-2023 ($ Millions)
    Figure 46. Canada HVDC Converter Station Revenue Growth 2018-2023 ($ Millions)
    Figure 47. Mexico HVDC Converter Station Revenue Growth 2018-2023 ($ Millions)
    Figure 48. Brazil HVDC Converter Station Revenue Growth 2018-2023 ($ Millions)
    Figure 49. APAC HVDC Converter Station Sales Market Share by Region in 2022
    Figure 50. APAC HVDC Converter Station Revenue Market Share by Regions in 2022
    Figure 51. APAC HVDC Converter Station Sales Market Share by Type (2018-2023)
    Figure 52. APAC HVDC Converter Station Sales Market Share by Application (2018-2023)
    Figure 53. China HVDC Converter Station Revenue Growth 2018-2023 ($ Millions)
    Figure 54. Japan HVDC Converter Station Revenue Growth 2018-2023 ($ Millions)
    Figure 55. South Korea HVDC Converter Station Revenue Growth 2018-2023 ($ Millions)
    Figure 56. Southeast Asia HVDC Converter Station Revenue Growth 2018-2023 ($ Millions)
    Figure 57. India HVDC Converter Station Revenue Growth 2018-2023 ($ Millions)
    Figure 58. Australia HVDC Converter Station Revenue Growth 2018-2023 ($ Millions)
    Figure 59. China Taiwan HVDC Converter Station Revenue Growth 2018-2023 ($ Millions)
    Figure 60. Europe HVDC Converter Station Sales Market Share by Country in 2022
    Figure 61. Europe HVDC Converter Station Revenue Market Share by Country in 2022
    Figure 62. Europe HVDC Converter Station Sales Market Share by Type (2018-2023)
    Figure 63. Europe HVDC Converter Station Sales Market Share by Application (2018-2023)
    Figure 64. Germany HVDC Converter Station Revenue Growth 2018-2023 ($ Millions)
    Figure 65. France HVDC Converter Station Revenue Growth 2018-2023 ($ Millions)
    Figure 66. UK HVDC Converter Station Revenue Growth 2018-2023 ($ Millions)
    Figure 67. Italy HVDC Converter Station Revenue Growth 2018-2023 ($ Millions)
    Figure 68. Russia HVDC Converter Station Revenue Growth 2018-2023 ($ Millions)
    Figure 69. Middle East & Africa HVDC Converter Station Sales Market Share by Country in 2022
    Figure 70. Middle East & Africa HVDC Converter Station Revenue Market Share by Country in 2022
    Figure 71. Middle East & Africa HVDC Converter Station Sales Market Share by Type (2018-2023)
    Figure 72. Middle East & Africa HVDC Converter Station Sales Market Share by Application (2018-2023)
    Figure 73. Egypt HVDC Converter Station Revenue Growth 2018-2023 ($ Millions)
    Figure 74. South Africa HVDC Converter Station Revenue Growth 2018-2023 ($ Millions)
    Figure 75. Israel HVDC Converter Station Revenue Growth 2018-2023 ($ Millions)
    Figure 76. Turkey HVDC Converter Station Revenue Growth 2018-2023 ($ Millions)
    Figure 77. GCC Country HVDC Converter Station Revenue Growth 2018-2023 ($ Millions)
    Figure 78. Manufacturing Cost Structure Analysis of HVDC Converter Station in 2022
    Figure 79. Manufacturing Process Analysis of HVDC Converter Station
    Figure 80. Industry Chain Structure of HVDC Converter Station
    Figure 81. Channels of Distribution
    Figure 82. Global HVDC Converter Station Sales Market Forecast by Region (2024-2029)
    Figure 83. Global HVDC Converter Station Revenue Market Share Forecast by Region (2024-2029)
    Figure 84. Global HVDC Converter Station Sales Market Share Forecast by Type (2024-2029)
    Figure 85. Global HVDC Converter Station Revenue Market Share Forecast by Type (2024-2029)
    Figure 86. Global HVDC Converter Station Sales Market Share Forecast by Application (2024-2029)
    Figure 87. Global HVDC Converter Station Revenue Market Share Forecast by Application (2024-2029)

ABB
Siemens
GE & Alstom Energy
BHEL
Orano
Hitachi
Toshiba
Mitsubishi

LP Information presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

• Primary Source
  Players/Suppliers
  Industry Experts
  Distributors/Traders
  Opinion Leaders
  Front-line Staff
  Marketing Executives

  Secondary Source
  Journals and Periodicals
  Government Bodies
  Annual Reports
  Presentations
  Paid Databases
  LPI Internal Repository

• Data Synthesis
  Information Gathering
  Collation of Data
  Estimation of Key Figures
  Analysis of Derived Insights

  Data Validation
  Triangulation with Data Models
  Reference Against Proprietary
  Databases
  Corroboration with Industry Experts

• Qualitative Analysis
  Market drivers
  Market challenges
  Market trends
  Five forces analysis

  Qualitative Analysis
  Market size and forecast
  Market segmentation
  Geographical insights
  Competitive landscape