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HVDC Converters Market Share
- Report ID: GMI4015
- Published Date: Mar 2023
- Report Format: PDF
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.
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.
HVDC Converters Market Scope
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