HVDC Converter Station Market Size, Share & Industry Analysis, By Type (Monopolar, Bi-Polar, Back-to-Back, and Multi-Terminal), By Technology (Line Commutated Converter and Voltage Sources Converters), By Power Rating (Low Power (Below 1000 MW) and High Power (Above 1000 MW)), and Regional Forecast, 2024-2032

Last Updated: February 17, 2025 | Format: PDF | Report ID: FBI101368

Table of Content

Introduction
1. Research Scope
2. Market Segmentation
3. Research Methodology
4. Definitions & Assumptions
Executive Summary
Market Dynamics
1. Market Drivers
2. Market Restraints
3. Market Opportunities
Key Insights
1. Key Emerging Trends – For Major Countries
2. Latest Technological Advancement
3. Insight on Regulatory Landscape
4. Porters Five Forces Analysis
5. Impact of COVID-19 on the HVDC Converter Station Market
Global HVDC Converter Station Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
1. Key Findings
2. Market Analysis, Insights, and Forecast – By Type
  1. Monopolar
  2. Bi-Polar
  3. Back-to-Back
  4. Multi-Terminal
3. Market Analysis, Insights, and Forecast – By Technology
  1. Line Commutated Converters
  2. Voltage Source Converters
4. Market Analysis, Insights, and Forecast – By Power Rating
  1. Low Power (Below 1000 MW)
  2. High Power (Above 1000 MW)
5. Market Analysis, Insights, and Forecast – By Region
  1. North America
  2. Europe
  3. Asia Pacific
  4. Latin America
  5. Middle East & Africa
North America HVDC Converter Station Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
1. Key Findings
2. Market Analysis, Insights, and Forecast – By Type
  1. Monopolar
  2. Bi-Polar
  3. Back-to-Back
  4. Multi-Terminal
3. Market Analysis, Insights, and Forecast – By Technology
  1. Line Commutated Converters
  2. Voltage Source Converters
4. Market Analysis, Insights, and Forecast – By Power Rating
  1. Low Power (Below 1000 MW)
  2. High Power (Above 1000 MW)
5. Market Analysis, Insights, and Forecast – By Country
  1. U.S. Market Analysis, Insights, and Forecast – By Power Rating
    1. Low Power (Below 1000 MW)
    2. High Power (Above 1000 MW)
  2. Canada Market Analysis, Insights, and Forecast – By Power Rating
    1. Low Power (Below 1000 MW)
    2. High Power (Above 1000 MW)
Europe HVDC Converter Station Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
1. Market Analysis, Insights, and Forecast – By Type
  1. Monopolar
  2. Bi-Polar
  3. Back-to-Back
  4. Multi-Terminal
2. Market Analysis, Insights, and Forecast – By Technology
  1. Line Commutated Converters
  2. Voltage Source Converters
3. Market Analysis, Insights, and Forecast – By Power Rating
  1. Low Power (Below 1000 MW)
  2. High Power (Above 1000 MW)
4. Market Analysis, Insights, and Forecast – By Country
  1. UK Market Analysis, Insights, and Forecast – By Power Rating
    1. Low Power (Below 1000 MW)
    2. High Power (Above 1000 MW)
  2. Germany Market Analysis, Insights, and Forecast – By Power Rating
    1. Low Power (Below 1000 MW)
    2. High Power (Above 1000 MW)
  3. France Market Analysis, Insights, and Forecast – By Power Rating
    1. Low Power (Below 1000 MW)
    2. High Power (Above 1000 MW)
  4. Spain Market Analysis, Insights, and Forecast – By Power Rating
    1. Low Power (Below 1000 MW)
    2. High Power (Above 1000 MW)
  5. Italy Market Analysis, Insights, and Forecast – By Power Rating
    1. Low Power (Below 1000 MW)
    2. High Power (Above 1000 MW)
  6. Russia Market Analysis, Insights, and Forecast – By Power Rating
    1. Low Power (Below 1000 MW)
    2. High Power (Above 1000 MW)
  7. Rest of Europe Market Analysis, Insights, and Forecast – By Power Rating
    1. Low Power (Below 1000 MW)
    2. High Power (Above 1000 MW)
Asia Pacific HVDC Converter Station Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
1. Market Analysis, Insights, and Forecast – By Type
  1. Monopolar
  2. Bi-Polar
  3. Back-to-Back
  4. Multi-Terminal
2. Market Analysis, Insights, and Forecast – By Technology
  1. Line Commutated Converters
  2. Voltage Source Converters
3. Market Analysis, Insights, and Forecast – By Power Rating
  1. Low Power (Below 1000 MW)
  2. High Power (Above 1000 MW)
4. Market Analysis, Insights, and Forecast – By Country
  1. Japan Market Analysis, Insights, and Forecast – By Power Rating
    1. Low Power (Below 1000 MW)
    2. High Power (Above 1000 MW)
  2. India Market Analysis, Insights, and Forecast – By Power Rating
    1. Low Power (Below 1000 MW)
    2. High Power (Above 1000 MW)
  3. China Market Analysis, Insights, and Forecast – By Power Rating
    1. Low Power (Below 1000 MW)
    2. High Power (Above 1000 MW)
  4. Australia Market Analysis, Insights, and Forecast – By Power Rating
    1. Low Power (Below 1000 MW)
    2. High Power (Above 1000 MW)
  5. Southeast Asia Market Analysis, Insights, and Forecast – By Power Rating
    1. Low Power (Below 1000 MW)
    2. High Power (Above 1000 MW)
  6. Rest of Asia Pacific Market Analysis, Insights, and Forecast – By Power Rating
    1. Low Power (Below 1000 MW)
    2. High Power (Above 1000 MW)
Latin America HVDC Converter Station Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
1. Market Analysis, Insights, and Forecast – By Type
  1. Monopolar
  2. Bi-Polar
  3. Back-to-Back
  4. Multi-Terminal
2. Market Analysis, Insights, and Forecast – By Technology
  1. Line Commutated Converters
  2. Voltage Source Converters
3. Market Analysis, Insights, and Forecast – By Power Rating
  1. Low Power (Below 1000 MW)
  2. High Power (Above 1000 MW)
4. Market Analysis, Insights, and Forecast – By Country
  1. Brazil Market Analysis, Insights, and Forecast – By Power Rating
    1. Low Power (Below 1000 MW)
    2. High Power (Above 1000 MW)
  2. Mexico Market Analysis, Insights, and Forecast – By Power Rating
    1. Low Power (Below 1000 MW)
    2. High Power (Above 1000 MW)
  3. Rest of Latin America Market Analysis, Insights, and Forecast – By Power Rating
    1. Low Power (Below 1000 MW)
    2. High Power (Above 1000 MW)
Middle East and Africa HVDC Converter Station Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
1. Market Analysis, Insights, and Forecast – By Type
  1. Monopolar
  2. Bi-Polar
  3. Back-to-Back
  4. Multi-Terminal
2. Market Analysis, Insights, and Forecast – By Technology
  1. Line Commutated Converters
  2. Voltage Source Converters
3. Market Analysis, Insights, and Forecast – By Power Rating
  1. Low Power (Below 1000 MW)
  2. High Power (Above 1000 MW)
4. Market Analysis, Insights, and Forecast – By Country
  1. GCC Market Analysis, Insights, and Forecast – By Power Rating
    1. Low Power (Below 1000 MW)
    2. High Power (Above 1000 MW)
  2. South Africa Market Analysis, Insights, and Forecast – By Power Rating
    1. Low Power (Below 1000 MW)
    2. High Power (Above 1000 MW)
  3. Rest of Middle East and Africa Market Analysis, Insights, and Forecast – By Power Rating
    1. Low Power (Below 1000 MW)
    2. High Power (Above 1000 MW)
Competitive Analysis
1. Company Market Share Analysis, 2023
2. Company Profile
  1. GE
    1. Business Overview
    2. Type and Service Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  2. Siemens
    1. Business Overview
    2. Type and Service Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  3. Mitsubishi Electric
    1. Business Overview
    2. Type and Service Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  4. NR Electric Co.
    1. Business Overview
    2. Type and Service Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  5. Toshiba
    1. Business Overview
    2. Type and Service Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  6. Hyosung Heavy Industries
    1. Business Overview
    2. Type and Service Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  7. Hitachi Energy
    1. Business Overview
    2. Type and Service Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  8. C-EPRI China Electric Power Research Institute
    1. Business Overview
    2. Type and Service Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  9. BHEL
    1. Business Overview
    2. Type and Service Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  10. LS ELECTRIC CO., LTD.
    1. Business Overview
    2. Type and Service Offerings
    3. Recent Developments
    4. Financials (Based on Availability)

Read Less

List of Figures

Figure 1: Global HVDC Converter Station Market Revenue Breakdown (USD Billion, %) by Region, 2023 & 2032

Figure 2: Global HVDC Converter Station Market Value Share (%), By Type, 2023 & 2032

Figure 3: Global HVDC Converter Station Market Forecast (USD Billion), by Monopolar, 2019-2032

Figure 4: Global HVDC Converter Station Market Forecast (USD Billion), by Bi-Polar, 2019-2032

Figure 5: Global HVDC Converter Station Market Forecast (USD Billion), by Back-to-Back, 2019-2032

Figure 6: Global HVDC Converter Station Market Forecast (USD Billion), by Multi-terminal, 2019-2032

Figure 7: Global HVDC Converter Station Market Value Share (%), By Technology, 2023 & 2032

Figure 8: Global HVDC Converter Station Market Forecast (USD Billion), by Line Commutated Converters, 2019-2032

Figure 9: Global HVDC Converter Station Market Forecast (USD Billion), by Voltage Source Converters, 2019-2032

Figure 10: Global HVDC Converter Station Market Value Share (%), By Power Rating, 2023 & 2032

Figure 11: Global HVDC Converter Station Market Forecast (USD Billion), by Low Power (Below 1000 MW), 2019-2032

Figure 12: Global HVDC Converter Station Market Forecast (USD Billion), by High Power (Above 1000 MW), 2019-2032

Figure 13: Global HVDC Converter Station Market Value (USD Billion), by Region, 2023 & 2032

Figure 14: Global HVDC Converter Station Market Share (%), by Region, 2023

Figure 15: North America HVDC Converter Station Market Value Share (%), By Type, 2023 & 2032

Figure 16: North America HVDC Converter Station Market Forecast (USD Billion), by Monopolar, 2019-2032

Figure 17: North America HVDC Converter Station Market Forecast (USD Billion), by Bi-Polar, 2019-2032

Figure 18: North America HVDC Converter Station Market Forecast (USD Billion), by Back-to-Back, 2019-2032

Figure 19: North America HVDC Converter Station Market Forecast (USD Billion), by Multi-terminal, 2019-2032

Figure 20: North America HVDC Converter Station Market Value Share (%), By Technology, 2023 & 2032

Figure 21: North America HVDC Converter Station Market Forecast (USD Billion), by Line Commutated Converters, 2019-2032

Figure 22: North America HVDC Converter Station Market Forecast (USD Billion), by Voltage Source Converters, 2019-2032

Figure 23: North America HVDC Converter Station Market Value Share (%), By Power Rating, 2023 & 2032

Figure 24: North America HVDC Converter Station Market Forecast (USD Billion), by Low Power (Below 1000 MW), 2019-2032

Figure 25: North America HVDC Converter Station Market Forecast (USD Billion), by High Power (Above 1000 MW), 2019-2032

Figure 26: North America HVDC Converter Station Market Value (USD Billion), by Country, 2023 & 2032

Figure 27: North America HVDC Converter Station Market Share (%), by Country, 2023

Figure 28: Europe HVDC Converter Station Market Value Share (%), By Type, 2023 & 2032

Figure 29: Europe HVDC Converter Station Market Forecast (USD Billion), by Monopolar, 2019-2032

Figure 30: Europe HVDC Converter Station Market Forecast (USD Billion), by Bi-Polar, 2019-2032

Figure 31: Europe HVDC Converter Station Market Forecast (USD Billion), by Back-to-Back, 2019-2032

Figure 32: Europe HVDC Converter Station Market Forecast (USD Billion), by Multi-terminal, 2019-2032

Figure 33: Europe HVDC Converter Station Market Value Share (%), By Technology, 2023 & 2032

Figure 34: Europe HVDC Converter Station Market Forecast (USD Billion), by Line Commutated Converters, 2019-2032

Figure 35: Europe HVDC Converter Station Market Forecast (USD Billion), by Voltage Source Converters, 2019-2032

Figure 36: Europe HVDC Converter Station Market Value Share (%), By Power Rating, 2023 & 2032

Figure 37: Europe HVDC Converter Station Market Forecast (USD Billion), by Low Power (Below 1000 MW), 2019-2032

Figure 38: Europe HVDC Converter Station Market Forecast (USD Billion), by High Power (Above 1000 MW), 2019-2032

Figure 39: Europe HVDC Converter Station Market Value (USD Billion), by Country, 2023 & 2032

Figure 40: Europe HVDC Converter Station Market Share (%), by Country, 2023

Figure 41: Asia Pacific HVDC Converter Station Market Value Share (%), By Type, 2023 & 2032

Figure 42: Asia Pacific HVDC Converter Station Market Forecast (USD Billion), by Monopolar, 2019-2032

Figure 43: Asia Pacific HVDC Converter Station Market Forecast (USD Billion), by Bi-Polar, 2019-2032

Figure 44: Asia Pacific HVDC Converter Station Market Forecast (USD Billion), by Back-to-Back, 2019-2032

Figure 45: Asia Pacific HVDC Converter Station Market Forecast (USD Billion), by Multi-terminal, 2019-2032

Figure 46: Asia Pacific HVDC Converter Station Market Value Share (%), By Technology, 2023 & 2032

Figure 47: Asia Pacific HVDC Converter Station Market Forecast (USD Billion), by Line Commutated Converters, 2019-2032

Figure 48: Asia Pacific HVDC Converter Station Market Forecast (USD Billion), by Voltage Source Converters, 2019-2032

Figure 49: Asia Pacific HVDC Converter Station Market Value Share (%), By Power Rating, 2023 & 2032

Figure 50: Asia Pacific HVDC Converter Station Market Forecast (USD Billion), by Low Power (Below 1000 MW), 2019-2032

Figure 51: Asia Pacific HVDC Converter Station Market Forecast (USD Billion), by High Power (Above 1000 MW), 2019-2032

Figure 52: Asia Pacific HVDC Converter Station Market Value (USD Billion), by Country, 2023 & 2032

Figure 53: Asia Pacific HVDC Converter Station Market Share (%), by Country, 2023

Figure 54: Latin America HVDC Converter Station Market Value Share (%), By Type, 2023 & 2032

Figure 55: Latin America HVDC Converter Station Market Forecast (USD Billion), by Monopolar, 2019-2032

Figure 56: Latin America HVDC Converter Station Market Forecast (USD Billion), by Bi-Polar, 2019-2032

Figure 57: Latin America HVDC Converter Station Market Forecast (USD Billion), by Back-to-Back, 2019-2032

Figure 58: Latin America HVDC Converter Station Market Forecast (USD Billion), by Multi-terminal, 2019-2032

Figure 59: Latin America HVDC Converter Station Market Value Share (%), By Technology, 2023 & 2032

Figure 60: Latin America HVDC Converter Station Market Forecast (USD Billion), by Line Commutated Converters, 2019-2032

Figure 61: Latin America HVDC Converter Station Market Forecast (USD Billion), by Voltage Source Converters, 2019-2032

Figure 62: Latin America HVDC Converter Station Market Value Share (%), By Power Rating, 2023 & 2032

Figure 63: Latin America HVDC Converter Station Market Forecast (USD Billion), by Low Power (Below 1000 MW), 2019-2032

Figure 64: Latin America HVDC Converter Station Market Forecast (USD Billion), by High Power (Above 1000 MW), 2019-2032

Figure 65: Latin America HVDC Converter Station Market Value (USD Billion), by Country, 2023 & 2032

Figure 66: Latin America HVDC Converter Station Market Share (%), by Country, 2023

Figure 67: Middle East and Africa HVDC Converter Station Market Value Share (%), By Type, 2023 & 2032

Figure 68: Middle East and Africa HVDC Converter Station Market Forecast (USD Billion), by Monopolar, 2019-2032

Figure 69: Middle East and Africa HVDC Converter Station Market Forecast (USD Billion), by Bi-Polar, 2019-2032

Figure 70: Middle East and Africa HVDC Converter Station Market Forecast (USD Billion), by Back-to-Back, 2019-2032

Figure 71: Middle East and Africa HVDC Converter Station Market Forecast (USD Billion), by Multi-terminal, 2019-2032

Figure 72: Middle East and Africa HVDC Converter Station Market Value Share (%), By Technology, 2023 & 2032

Figure 73: Middle East and Africa HVDC Converter Station Market Forecast (USD Billion), by Line Commutated Converters, 2019-2032

Figure 74: Middle East and Africa HVDC Converter Station Market Forecast (USD Billion), by Voltage Source Converters, 2019-2032

Figure 75: Middle East and Africa HVDC Converter Station Market Value Share (%), By Power Rating, 2023 & 2032

Figure 76: Middle East and Africa HVDC Converter Station Market Forecast (USD Billion), by Low Power (Below 1000 MW), 2019-2032

Figure 77: Middle East and Africa HVDC Converter Station Market Forecast (USD Billion), by High Power (Above 1000 MW), 2019-2032

Figure 78: Middle East and Africa HVDC Converter Station Market Value (USD Billion), by Country, 2023 & 2032

Figure 79: Middle East and Africa HVDC Converter Station Market Share (%), by Country, 2023

Figure 80: Company Market Share Analysis (%), 2023

List of Tables

Table 1: Global HVDC Converter Station Market Revenue (USD Billion) Forecast, by Type, 2019-2032

Table 2: Global HVDC Converter Station Market Revenue (USD Billion) Forecast, by Technology, 2019-2032

Table 3: Global HVDC Converter Station Market Revenue (USD Billion) Forecast, by Power Rating, 2019-2032

Table 4: Global HVDC Converter Station Market Revenue (USD Billion) Forecast, By Region, 2019-2032

Table 5: North America HVDC Converter Station Market Revenue (USD Billion) Forecast, by Type, 2019-2032

Table 6: North America HVDC Converter Station Market Revenue (USD Billion) Forecast, by Technology, 2019-2032

Table 7: North America HVDC Converter Station Market Revenue (USD Billion) Forecast, by Power Rating, 2019-2032

Table 8: North America HVDC Converter Station Market Revenue (USD Billion) Forecast, By Country, 2019-2032

Table 9: US HVDC Converter Station Market Revenue (USD Billion) Forecast, by Power Rating, 2019-2032

Table 10: Canada HVDC Converter Station Market Revenue (USD Billion) Forecast, by Power Rating, 2019-2032

Table 11: Europe HVDC Converter Station Market Revenue (USD Billion) Forecast, by Type, 2019-2032

Table 12: Europe HVDC Converter Station Market Revenue (USD Billion) Forecast, by Technology, 2019-2032

Table 13: Europe HVDC Converter Station Market Revenue (USD Billion) Forecast, by Power Rating, 2019-2032

Table 14: Europe HVDC Converter Station Market Revenue (USD Billion) Forecast, By Country, 2019-2032

Table 15: U.K. HVDC Converter Station Market Revenue (USD Billion) Forecast, by Power Rating, 2019-2032

Table 16: Germany HVDC Converter Station Market Revenue (USD Billion) Forecast, by Power Rating, 2019-2032

Table 17: France HVDC Converter Station Market Revenue (USD Billion) Forecast, by Power Rating, 2019-2032

Table 18: Italy HVDC Converter Station Market Revenue (USD Billion) Forecast, by Power Rating, 2019-2032

Table 19: Spain HVDC Converter Station Market Revenue (USD Billion) Forecast, by Power Rating, 2019-2032

Table 20: Russia HVDC Converter Station Market Revenue (USD Billion) Forecast, by Power Rating, 2019-2032

Table 21: Rest of Europe HVDC Converter Station Market Revenue (USD Billion) Forecast, by Power Rating, 2019-2032

Table 22: Asia-Pacific HVDC Converter Station Market Revenue (USD Billion) Forecast, by Type, 2019-2032

Table 23: Asia-Pacific HVDC Converter Station Market Revenue (USD Billion) Forecast, by Technology, 2019-2032

Table 24: Asia-Pacific HVDC Converter Station Market Revenue (USD Billion) Forecast, by Power Rating, 2019-2032

Table 25: Asia-Pacific HVDC Converter Station Market Revenue (USD Billion) Forecast, By Country, 2019-2032

Table 26: China HVDC Converter Station Market Revenue (USD Billion) Forecast, by Power Rating, 2019-2032

Table 27: Japan HVDC Converter Station Market Revenue (USD Billion) Forecast, by Power Rating, 2019-2032

Table 28: India HVDC Converter Station Market Revenue (USD Billion) Forecast, by Power Rating, 2019-2032

Table 29: Australia HVDC Converter Station Market Revenue (USD Billion) Forecast, by Power Rating, 2019-2032

Table 30: Southeast Asia HVDC Converter Station Market Revenue (USD Billion) Forecast, by Power Rating, 2019-2032

Table 31: Rest of Asia-Pacific HVDC Converter Station Market Revenue (USD Billion) Forecast, by Power Rating, 2019-2032

Table 32: Latin America HVDC Converter Station Market Revenue (USD Billion) Forecast, by Type, 2019-2032

Table 33: Latin America HVDC Converter Station Market Revenue (USD Billion) Forecast, by Technology, 2019-2032

Table 34: Latin America HVDC Converter Station Market Revenue (USD Billion) Forecast, by Power Rating, 2019-2032

Table 35: Latin America HVDC Converter Station Market Revenue (USD Billion) Forecast, by Country, 2019-2032

Table 36: Brazil HVDC Converter Station Market Revenue (USD Billion) Forecast, by Power Rating, 2019-2032

Table 37: Mexico HVDC Converter Station Market Revenue (USD Billion) Forecast, by Power Rating, 2019-2032

Table 38: Rest of Latin America HVDC Converter Station Market Revenue (USD Billion) Forecast, by Power Rating, 2019-2032

Table 39: Middle East & Africa HVDC Converter Station Market Revenue (USD Billion) Forecast, by Type, 2019-2032

Table 40: Middle East & Africa HVDC Converter Station Market Revenue (USD Billion) Forecast, by Technology, 2019-2032

Table 41: Middle East & Africa HVDC Converter Station Market Revenue (USD Billion) Forecast, by Power Rating, 2019-2032

Table 42: Middle East & Africa HVDC Converter Station Market Revenue (USD Billion) Forecast, by Country, 2019-2032

Table 43: GCC HVDC Converter Station Market Revenue (USD Billion) Forecast, by Power Rating, 2019-2032

Table 44: South Africa HVDC Converter Station Market Revenue (USD Billion) Forecast, by Power Rating, 2019-2032

Table 45: Rest of Middle East & Africa HVDC Converter Station Market Revenue (USD Billion) Forecast, by Power Rating, 2019-2032

STUDY PERIOD: 2019-2032
BASE YEAR:2023
HISTORICAL DATA: 2019-2022
NO OF PAGES: 237

Consulting Services

Energy & Power Clients

Related Reports

Get in Touch with Us

US +1 833 909 2966 ( Toll Free )

UK +44 808 502 0280 ( Toll Free )

+91 744 740 1245 (APAC)
[email protected]