Europe Leads HVDC Evolution with HVDC-VSC Technology Dominating Amid Offshore Wind Surge
The HVDC technology landscape is experiencing rapid evolution in Europe. HVDC-VSC is projected to maintain its dominance in the European market, driven by the growing demand for offshore wind development and cross-border electricity interconnection. HVDCLCC will continue to address specific requirements in select regions.
Key markets for HVDC-VSC technology include the United Kingdom, France, and Germany, positioning these countries as leaders in Europe. The year 2025 is anticipated to witness peak demand for HVDC-VSC technology, with a significant focus on offshore wind expansion in the German and Dutch North Sea regions. This growth underscores the pivotal role of HVDC technology in facilitating efficient electricity trade and supporting renewable energy initiatives in the evolving energy landscape. The Government initiatives promoting clean energy and advancements in HVDC technology further contribute to the market expansion.
Report Scope
This report covers the European market analysis of both HVDC technologies including Line Commutated Converter (LCC) and Voltage Source Converter (VSC) used in the power grid industry. The report comprises of following components:
- Market analysis of Europe's HVDC market for both HVDC LCC and VSC, including market size in terms of capacity additions (MW) and key trends.
- Market analysis of key markets in Europe including the UK, Germany, Italy, the Netherlands, and France for HVDC LCC and VSC, including capacity additions (MW) and market trends.
- Market Sizing of Europe’s HVDC market for both LCC and VSC from 2023 to 2030 in terms of capacity additions (MW).
- Company Profiles: Information on company profiles of top suppliers, their offered products, and recent developments are included in the report to get a holistic view of the companies.
- Competitive Analysis: Split of OEM’s market share for the last 5 years (2019 to 2023) in the European market has been reported in this section. These market shares are further segmented into sub-technologies of HVDC (LCC & VSC).
- Key Market Trends: Key technology trends and drivers for market growth are included in this report.
Countries Covered:
- UK
- Germany
- Italy
- Netherlands
- France
- Rest of Europe
Technologies Mentioned:
- Line Commutated Converter (LCC)
- Voltage Source Converter (VSC)
Reasons to Purchase
The report offers a comprehensive overview of the HVDC (both LCC and VSC) market in Europe. It includes a demand forecast for HVDC converters and provides key insights into the market trends. Plus, the market shares of the key HVDC converter OEMs in the region are included to capture market competition. This report aims to help executives and decision-makers of HVDC converter OEMs make strategic investments in the European HVDC market.
Who Should Buy the Report:
- Marketing Manager
- Director of Marketing
- Head of Marketing
- VP of Marketing
- Strategic Marketing Director
- Head of Strategic Marketing
- Head of Market Intelligence
- Manager Business Intelligence
- Strategy Development
- Director, Strategy Development
- Commercial Analyst
- Market Analyst
- Marketing Analyst
- Head of Sales
- Director of Sales
- Sales Manager
Research Methodology
The information contained in the report has been gathered through authentic online sources used for secondary research and the analyst's HVDC market forecast model. It has been verified through interviews with industry professionals conducted as part of primary research.
This product will be delivered within 1-3 business days.
Table of Contents
Companies Mentioned
- GE Vernova
- Hitachi Energy
- Siemens Energy
