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High Voltage Direct Current (Hvdc) Transmission Systems Market in UK 2024-2028- Product Image
High Voltage Direct Current (Hvdc) Transmission Systems Market in UK 2024-2028- Product Image
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High Voltage Direct Current (Hvdc) Transmission Systems Market in UK 2024-2028

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  • 137 Pages
  • August 2024
  • Region: United Kingdom
  • TechNavio
  • ID: 5547333
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The high voltage direct current (HVDC) transmission systems market in UK is forecasted to grow by USD 393.4 million during 2023-2028, accelerating at a CAGR of 8.09% during the forecast period. The report on the high voltage direct current (HVDC) transmission systems market in UK provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by optimal solution for long-distance transmission, increased renewable power generation, and growing demand for power.

The high voltage direct current (HVDC) transmission systems market in UK is segmented as below:

By Component

  • Converter stations
  • Transmission medium

By Type

  • Subsea transmission
  • Underground transmission
  • Overhead transmission

By Geographical Landscape

  • Europe
This study identifies the growing focus on energy efficiency as one of the prime reasons driving the high voltage direct current (HVDC) transmission systems market in UK growth during the next few years. Also, evolution of smart grids and rising strategic alliances by vendors operating in HVDC transmission system will lead to sizable demand in the market.

The report on the high voltage direct current (HVDC) transmission systems market in UK covers the following areas:

  • High voltage direct current (HVDC) transmission systems market in UK sizing
  • High voltage direct current (HVDC) transmission systems market in UK forecast
  • High voltage direct current (HVDC) transmission systems market in UK industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading high voltage direct current (HVDC) transmission systems market in UK vendors that include ABB Ltd., Aker Solutions ASA, ALSTOM SA, Aquind Ltd., Balfour Beatty PLC, EirGrid PLC, General Electric Co., Hitachi Ltd., Mitsubishi Electric Corp., National Grid PLC, Nexans SA, NR Electric Co. Ltd., Prysmian Spa, Rochling SE and Co. KG, Rongxin Power Ltd., Roxtec International AB, Siemens AG, Sumitomo Electric Industries Ltd., Tele Fonika Kable SA, and Toshiba Corp. Also, the high voltage direct current (HVDC) transmission systems market in UK analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
  • Executive Summary - Chart on Market Overview
  • Executive Summary - Data Table on Market Overview
  • Executive Summary - Chart on Country Market Characteristics
  • Executive Summary - Chart on Market Segmentation by Component
  • Executive Summary - Chart on Market Segmentation by Type
  • Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
  • Parent Market
  • Data Table on - Parent Market
2.2 Market characteristics
  • Market characteristics analysis
2.3 Value chain analysis
  • Value Chain Analysis
3 Market Sizing
3.1 Market definition
  • Offerings of companies included in the market definition
3.2 Market segment analysis
  • Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
  • Chart on UK - Market size and forecast 2023-2028 ($ million)
  • Data Table on UK - Market size and forecast 2023-2028 ($ million)
  • Chart on UK: Year-over-year growth 2023-2028 (%)
  • Data Table on UK: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 High Voltage Direct Current (HVDC) Transmission Systems Market in UK 2018 - 2022
  • Historic Market Size - Data Table on High Voltage Direct Current (HVDC) Transmission Systems Market in UK 2018 - 2022 ($ million)
4.2 Component segment analysis 2018 - 2022
  • Historic Market Size - Component Segment 2018 - 2022 ($ million)
4.3 Type segment analysis 2018 - 2022
  • Historic Market Size - Type Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
  • Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
  • Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
  • Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
  • Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
  • Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
  • Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
  • Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Component
6.1 Market segments
  • Chart on Component - Market share 2023-2028 (%)
  • Data Table on Component - Market share 2023-2028 (%)
6.2 Comparison by Component
  • Chart on Comparison by Component
  • Data Table on Comparison by Component
6.3 Converter stations - Market size and forecast 2023-2028
  • Chart on Converter stations - Market size and forecast 2023-2028 ($ million)
  • Data Table on Converter stations - Market size and forecast 2023-2028 ($ million)
  • Chart on Converter stations - Year-over-year growth 2023-2028 (%)
  • Data Table on Converter stations - Year-over-year growth 2023-2028 (%)
6.4 Transmission medium - Market size and forecast 2023-2028
  • Chart on Transmission medium - Market size and forecast 2023-2028 ($ million)
  • Data Table on Transmission medium - Market size and forecast 2023-2028 ($ million)
  • Chart on Transmission medium - Year-over-year growth 2023-2028 (%)
  • Data Table on Transmission medium - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Component
  • Market opportunity by Component ($ million)
  • Data Table on Market opportunity by Component ($ million)
7 Market Segmentation by Type
7.1 Market segments
  • Chart on Type - Market share 2023-2028 (%)
  • Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
  • Chart on Comparison by Type
  • Data Table on Comparison by Type
7.3 Subsea transmission - Market size and forecast 2023-2028
  • Chart on Subsea transmission - Market size and forecast 2023-2028 ($ million)
  • Data Table on Subsea transmission - Market size and forecast 2023-2028 ($ million)
  • Chart on Subsea transmission - Year-over-year growth 2023-2028 (%)
  • Data Table on Subsea transmission - Year-over-year growth 2023-2028 (%)
7.4 Underground transmission - Market size and forecast 2023-2028
  • Chart on Underground transmission - Market size and forecast 2023-2028 ($ million)
  • Data Table on Underground transmission - Market size and forecast 2023-2028 ($ million)
  • Chart on Underground transmission - Year-over-year growth 2023-2028 (%)
  • Data Table on Underground transmission - Year-over-year growth 2023-2028 (%)
7.5 Overhead transmission - Market size and forecast 2023-2028
  • Chart on Overhead transmission - Market size and forecast 2023-2028 ($ million)
  • Data Table on Overhead transmission - Market size and forecast 2023-2028 ($ million)
  • Chart on Overhead transmission - Year-over-year growth 2023-2028 (%)
  • Data Table on Overhead transmission - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by Type
  • Market opportunity by Type ($ million)
  • Data Table on Market opportunity by Type ($ million)
8 Customer Landscape
8.1 Customer landscape overview
  • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
  • Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
  • Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
  • Overview on factors of disruption
10.4 Industry risks
  • Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
  • Companies covered
11.2 Market positioning of companies
  • Matrix on companies position and classification
11.3 ABB Ltd.
  • ABB Ltd. - Overview
  • ABB Ltd. - Business segments
  • ABB Ltd. - Key news
  • ABB Ltd. - Key offerings
  • ABB Ltd. - Segment focus
11.4 Aquind Ltd.
  • Aquind Ltd. - Overview
  • Aquind Ltd. - Product / Service
  • Aquind Ltd. - Key offerings
11.5 EirGrid Plc
  • EirGrid Plc - Overview
  • EirGrid Plc - Product / Service
  • EirGrid Plc - Key offerings
11.6 General Electric Co.
  • General Electric Co. - Overview
  • General Electric Co. - Business segments
  • General Electric Co. - Key news
  • General Electric Co. - Key offerings
  • General Electric Co. - Segment focus
11.7 Hitachi Ltd.
  • Hitachi Ltd. - Overview
  • Hitachi Ltd. - Business segments
  • Hitachi Ltd. - Key news
  • Hitachi Ltd. - Key offerings
  • Hitachi Ltd. - Segment focus
11.8 Mitsubishi Electric Corp.
  • Mitsubishi Electric Corp. - Overview
  • Mitsubishi Electric Corp. - Business segments
  • Mitsubishi Electric Corp. - Key news
  • Mitsubishi Electric Corp. - Key offerings
  • Mitsubishi Electric Corp. - Segment focus
11.9 National Grid plc
  • National Grid plc - Overview
  • National Grid plc - Business segments
  • National Grid plc - Key offerings
  • National Grid plc - Segment focus
11.10 NR Electric Co. Ltd.
  • NR Electric Co. Ltd. - Overview
  • NR Electric Co. Ltd. - Product / Service
  • NR Electric Co. Ltd. - Key offerings
11.11 Prysmian Spa
  • Prysmian Spa - Overview
  • Prysmian Spa - Business segments
  • Prysmian Spa - Key news
  • Prysmian Spa - Key offerings
  • Prysmian Spa - Segment focus
11.12 Rochling SE and Co. KG
  • Rochling SE and Co. KG - Overview
  • Rochling SE and Co. KG - Product / Service
  • Rochling SE and Co. KG - Key offerings
11.13 Rongxin Power Ltd.
  • Rongxin Power Ltd. - Overview
  • Rongxin Power Ltd. - Product / Service
  • Rongxin Power Ltd. - Key offerings
11.14 Roxtec International AB
  • Roxtec International AB - Overview
  • Roxtec International AB - Key offerings
11.15 Siemens AG
  • Siemens AG - Overview
  • Siemens AG - Business segments
  • Siemens AG - Key news
  • Siemens AG - Key offerings
  • Siemens AG - Segment focus
11.16 Sumitomo Electric Industries Ltd.
  • Sumitomo Electric Industries Ltd. - Overview
  • Sumitomo Electric Industries Ltd. - Business segments
  • Sumitomo Electric Industries Ltd. - Key news
  • Sumitomo Electric Industries Ltd. - Key offerings
  • Sumitomo Electric Industries Ltd. - Segment focus
11.17 Toshiba Corp.
  • Toshiba Corp. - Overview
  • Toshiba Corp. - Business segments
  • Toshiba Corp. - Key news
  • Toshiba Corp. - Key offerings
  • Toshiba Corp. - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
  • Inclusions checklist
  • Exclusions checklist
12.3 Currency conversion rates for US$
  • Currency conversion rates for US$
12.4 Research methodology
  • Research methodology
12.5 Data procurement
  • Information sources
12.6 Data validation
  • Data validation
12.7 Validation techniques employed for market sizing
  • Validation techniques employed for market sizing
12.8 Data synthesis
  • Data synthesis
12.9 360 degree market analysis
  • 360 degree market analysis
12.10 List of abbreviations
  • List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Component
Exhibits 5: Executive Summary - Chart on Market Segmentation by Type
Exhibits 6: Executive Summary - Chart on Company Market Positioning
Exhibits 7: Parent Market
Exhibits 8: Data Table on - Parent Market
Exhibits 9: Market characteristics analysis
Exhibits 10: Value Chain Analysis
Exhibits 11: Offerings of companies included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on UK - Market size and forecast 2023-2028 ($ million)
Exhibits 14: Data Table on UK - Market size and forecast 2023-2028 ($ million)
Exhibits 15: Chart on UK: Year-over-year growth 2023-2028 (%)
Exhibits 16: Data Table on UK: Year-over-year growth 2023-2028 (%)
Exhibits 17: Historic Market Size - Data Table on High Voltage Direct Current (HVDC) Transmission Systems Market in UK 2018 - 2022 ($ million)
Exhibits 18: Historic Market Size - Component Segment 2018 - 2022 ($ million)
Exhibits 19: Historic Market Size - Type Segment 2018 - 2022 ($ million)
Exhibits 20: Five forces analysis - Comparison between 2023 and 2028
Exhibits 21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 26: Chart on Market condition - Five forces 2023 and 2028
Exhibits 27: Chart on Component - Market share 2023-2028 (%)
Exhibits 28: Data Table on Component - Market share 2023-2028 (%)
Exhibits 29: Chart on Comparison by Component
Exhibits 30: Data Table on Comparison by Component
Exhibits 31: Chart on Converter stations - Market size and forecast 2023-2028 ($ million)
Exhibits 32: Data Table on Converter stations - Market size and forecast 2023-2028 ($ million)
Exhibits 33: Chart on Converter stations - Year-over-year growth 2023-2028 (%)
Exhibits 34: Data Table on Converter stations - Year-over-year growth 2023-2028 (%)
Exhibits 35: Chart on Transmission medium - Market size and forecast 2023-2028 ($ million)
Exhibits 36: Data Table on Transmission medium - Market size and forecast 2023-2028 ($ million)
Exhibits 37: Chart on Transmission medium - Year-over-year growth 2023-2028 (%)
Exhibits 38: Data Table on Transmission medium - Year-over-year growth 2023-2028 (%)
Exhibits 39: Market opportunity by Component ($ million)
Exhibits 40: Data Table on Market opportunity by Component ($ million)
Exhibits 41: Chart on Type - Market share 2023-2028 (%)
Exhibits 42: Data Table on Type - Market share 2023-2028 (%)
Exhibits 43: Chart on Comparison by Type
Exhibits 44: Data Table on Comparison by Type
Exhibits 45: Chart on Subsea transmission - Market size and forecast 2023-2028 ($ million)
Exhibits 46: Data Table on Subsea transmission - Market size and forecast 2023-2028 ($ million)
Exhibits 47: Chart on Subsea transmission - Year-over-year growth 2023-2028 (%)
Exhibits 48: Data Table on Subsea transmission - Year-over-year growth 2023-2028 (%)
Exhibits 49: Chart on Underground transmission - Market size and forecast 2023-2028 ($ million)
Exhibits 50: Data Table on Underground transmission - Market size and forecast 2023-2028 ($ million)
Exhibits 51: Chart on Underground transmission - Year-over-year growth 2023-2028 (%)
Exhibits 52: Data Table on Underground transmission - Year-over-year growth 2023-2028 (%)
Exhibits 53: Chart on Overhead transmission - Market size and forecast 2023-2028 ($ million)
Exhibits 54: Data Table on Overhead transmission - Market size and forecast 2023-2028 ($ million)
Exhibits 55: Chart on Overhead transmission - Year-over-year growth 2023-2028 (%)
Exhibits 56: Data Table on Overhead transmission - Year-over-year growth 2023-2028 (%)
Exhibits 57: Market opportunity by Type ($ million)
Exhibits 58: Data Table on Market opportunity by Type ($ million)
Exhibits 59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 60: Impact of drivers and challenges in 2023 and 2028
Exhibits 61: Overview on criticality of inputs and factors of differentiation
Exhibits 62: Overview on factors of disruption
Exhibits 63: Impact of key risks on business
Exhibits 64: Companies covered
Exhibits 65: Matrix on companies position and classification
Exhibits 66: ABB Ltd. - Overview
Exhibits 67: ABB Ltd. - Business segments
Exhibits 68: ABB Ltd. - Key news
Exhibits 69: ABB Ltd. - Key offerings
Exhibits 70: ABB Ltd. - Segment focus
Exhibits 71: Aquind Ltd. - Overview
Exhibits 72: Aquind Ltd. - Product / Service
Exhibits 73: Aquind Ltd. - Key offerings
Exhibits 74: EirGrid Plc - Overview
Exhibits 75: EirGrid Plc - Product / Service
Exhibits 76: EirGrid Plc - Key offerings
Exhibits 77: General Electric Co. - Overview
Exhibits 78: General Electric Co. - Business segments
Exhibits 79: General Electric Co. - Key news
Exhibits 80: General Electric Co. - Key offerings
Exhibits 81: General Electric Co. - Segment focus
Exhibits 82: Hitachi Ltd. - Overview
Exhibits 83: Hitachi Ltd. - Business segments
Exhibits 84: Hitachi Ltd. - Key news
Exhibits 85: Hitachi Ltd. - Key offerings
Exhibits 86: Hitachi Ltd. - Segment focus
Exhibits 87: Mitsubishi Electric Corp. - Overview
Exhibits 88: Mitsubishi Electric Corp. - Business segments
Exhibits 89: Mitsubishi Electric Corp. - Key news
Exhibits 90: Mitsubishi Electric Corp. - Key offerings
Exhibits 91: Mitsubishi Electric Corp. - Segment focus
Exhibits 92: National Grid plc - Overview
Exhibits 93: National Grid plc - Business segments
Exhibits 94: National Grid plc - Key offerings
Exhibits 95: National Grid plc - Segment focus
Exhibits 96: NR Electric Co. Ltd. - Overview
Exhibits 97: NR Electric Co. Ltd. - Product / Service
Exhibits 98: NR Electric Co. Ltd. - Key offerings
Exhibits 99: Prysmian Spa - Overview
Exhibits 100: Prysmian Spa - Business segments
Exhibits 101: Prysmian Spa - Key news
Exhibits 102: Prysmian Spa - Key offerings
Exhibits 103: Prysmian Spa - Segment focus
Exhibits 104: Rochling SE and Co. KG - Overview
Exhibits 105: Rochling SE and Co. KG - Product / Service
Exhibits 106: Rochling SE and Co. KG - Key offerings
Exhibits 107: Rongxin Power Ltd. - Overview
Exhibits 108: Rongxin Power Ltd. - Product / Service
Exhibits 109: Rongxin Power Ltd. - Key offerings
Exhibits 110: Roxtec International AB - Overview
Exhibits 111: Roxtec International AB - Key offerings
Exhibits 112: Siemens AG - Overview
Exhibits 113: Siemens AG - Business segments
Exhibits 114: Siemens AG - Key news
Exhibits 115: Siemens AG - Key offerings
Exhibits 116: Siemens AG - Segment focus
Exhibits 117: Sumitomo Electric Industries Ltd. - Overview
Exhibits 118: Sumitomo Electric Industries Ltd. - Business segments
Exhibits 119: Sumitomo Electric Industries Ltd. - Key news
Exhibits 120: Sumitomo Electric Industries Ltd. - Key offerings
Exhibits 121: Sumitomo Electric Industries Ltd. - Segment focus
Exhibits 122: Toshiba Corp. - Overview
Exhibits 123: Toshiba Corp. - Business segments
Exhibits 124: Toshiba Corp. - Key news
Exhibits 125: Toshiba Corp. - Key offerings
Exhibits 126: Toshiba Corp. - Segment focus
Exhibits 127: Inclusions checklist
Exhibits 128: Exclusions checklist
Exhibits 129: Currency conversion rates for US$
Exhibits 130: Research methodology
Exhibits 131: Information sources
Exhibits 132: Data validation
Exhibits 133: Validation techniques employed for market sizing
Exhibits 134: Data synthesis
Exhibits 135: 360 degree market analysis
Exhibits 136: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the high voltage direct current (HVDC) transmission systems market in UK: ABB Ltd., Aker Solutions ASA, ALSTOM SA, Aquind Ltd., Balfour Beatty PLC, EirGrid PLC, General Electric Co., Hitachi Ltd., Mitsubishi Electric Corp., National Grid PLC, Nexans SA, NR Electric Co. Ltd., Prysmian Spa, Rochling SE and Co. KG, Rongxin Power Ltd., Roxtec International AB, Siemens AG, Sumitomo Electric Industries Ltd., Tele Fonika Kable SA, and Toshiba Corp..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is growing focus on energy efficiency."

According to the report, one of the major drivers for this market is the optimal solution for long-distance transmission.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • ABB Ltd.
  • Aker Solutions ASA
  • ALSTOM SA
  • Aquind Ltd.
  • Balfour Beatty Plc
  • EirGrid Plc
  • General Electric Co.
  • Hitachi Ltd.
  • Mitsubishi Electric Corp.
  • National Grid Plc
  • Nexans SA
  • NR Electric Co. Ltd.
  • Prysmian Spa
  • Rochling SE and Co. KG
  • Rongxin Power Ltd.
  • Roxtec International AB
  • Siemens AG
  • Sumitomo Electric Industries Ltd.
  • Tele Fonika Kable SA
  • Toshiba Corp.

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About the High Voltage Direct Current Transmission Market

High Voltage Direct Current (HVDC) transmission is a technology used in electrical engineering to transmit large amounts of electrical power over long distances. It is used to connect two asynchronous power systems, such as two different countries or two different parts of the same country. HVDC transmission is more efficient than traditional Alternating Current (AC) transmission, as it reduces power losses and allows for more precise control of the power flow. It is also more reliable, as it is less affected by weather conditions and other external factors. HVDC transmission is used in a variety of applications, such as connecting offshore wind farms to the mainland grid, connecting two different power grids, and providing power to remote areas. It is also used in the development of smart grids, which are designed to be more efficient and reliable. Some companies in the HVDC transmission market include ABB, Siemens, General Electric, Hitachi, and Toshiba. Show Less Read more

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