Global High Voltage Direct Current Power Supply Market Size, Trends, and Growth Opportunity, By Voltage (1000V, 1000-4000V, more than 4000V), By Application (Telecommunication, Industrial, Medical, Oil & Gas), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) and forecast till 2030.
Report ID : IR1001974 | Industries : Energy & Power | Published On :June 2024 | Page Count : 256
Global High Voltage Direct Current Power Supply Market Size, Trends, and Growth Opportunity, By Voltage (1000V, 1000-4000V, more than 4000V), By Application (Telecommunication, Industrial, Medical, Oil & Gas), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) and forecast till 2030.
Global High Voltage Direct Current Power Supply Market
The global High Voltage Direct Current Power Supply market was valued at USD 2.73 billion in 2022 and is expected to expand to USD 5.80 billion in 2030 at a CAGR of 8.10% during the forecast period 2023- 2030.
An electronic instrument that transfers electric energy from a power frequency network into a high-voltage power supply is the HVDC power supply. Several conductors, poles, transformers, wires, and earthing systems can transfer electricity through the power supply system.
Market Drivers
Some of the major driving factors for the Global High Voltage Direct Current Power Supply Market are the growing demand for electricity or energy and rapid urbanization.
Moreover, industrialization in the modern world is driven by automation and digitization, whose ultimate basis is power in the form of chemical, electrical and mechanical energy have all substantially increased energy demand.
Market Restraints
Issues with conversion, availability, switching, control, and maintenance of HVDCS are the main restraining factors for the growth of the Global High Voltage Direct Current Power Supply Market. The essential converter stations are costly and only have an insignificant amount of overload capacity.
Market Segmentation
The global High Voltage Direct Current Power Supply market is segmented based on Voltage, Application, and region. On the basis of Voltage, it is segmented into 1000V, 1000-4000V, and more than 4000V. Based on Application, it is segmented into Telecommunication, Industrial, Medical, Oil & Gas. Based on region, it is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Regional Analysis
Europe region is likely to dominate the market owing to augmented government restrictions inspiring the use of renewable energy resources and energy conservation.
Asia Pacific region is also expected to grow at that substantial growth rate due to the growing population, speedy industrialization, and the need to convey bulk energy with the least possible conversion points.
Key Players
Various key players are listed in this report such as ABB, AHV, American Power Design, Applied Kilovolts, Excelitas Technologies, General Electric, Glassman Europe, Hamamatsu, Hi-Tek Power, and HVM Technology.
Key Developments
Jun-2022: Hitachi Energy joined hands with Petrofac, a foremost international service provider. This collaboration aimed to deliver joint grid integration and supporting infrastructure to sustain the quickly developing offshore wind market. Additionally, the collaboration includes the collection of high-voltage alternating current (HVAC) and high-voltage direct current (HVDC) solutions.
Mar-2022: Hitachi Energy came into a partnership with Aker BP, the Norwegian oil and gas investigation and production enterprise. Through this partnership, Hitachi Energy offered a solution including a new grid connection to house the STATCOM, thyristor-controlled series capacitors, shunt reactors, and gas-insulated switches. Moreover, the solution would also expand the information abilities of a current 420 kV mainland grid connection with a new gas-insulated power transformer and switchgear.
Oct-2021: Hitachi Energy expanded its geographical footprint by establishing a Bland, Virginia manufacturing facility, the leading producer of dry-type transformers in North America. The collaboration with the Commonwealth of Virginia, the development has delivered additional production capability, adding the installation of state-of-the-art technology to sustain new manufacturing abilities.
Market Taxonomy
By Voltage
o 1000V
o 1000-4000V
o More than 4000V
By Application
o Telecommunication
o Industrial
o Medical
o Oil & Gas
By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East and Africa
Key Question Addressed by the Report
· What are the Key Opportunities in the Global High Voltage Direct Current Power Supply Market?
· What will be the growth rate from 2023 to 2030?
· Which segment/region will have the highest growth?
· What are the factors that will impact/drive the Market?
· What is the role of key players in the value chain?
Global High Voltage Direct Current Power Supply Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Feedstock Types
3 Executive Summary
4 Global Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global High Voltage Direct Current Power Supply Market, By Voltage
5.1 Y-o-Y Growth Comparison, By Voltage
5.2 Global High Voltage Direct Current Power Supply Market Share Analysis, By Voltage
5.3 Global High Voltage Direct Current Power Supply Market Size and Forecast, By Voltage
5.3.1 1000V
5.3.2 1000-4000V
5.3.3 More than 4000V
6 Global High Voltage Direct Current Power Supply Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global High Voltage Direct Current Power Supply Market Share Analysis, By Application
6.3 Global High Voltage Direct Current Power Supply Market Size and Forecast, By Application
6.3.1 Telecommunication
6.3.2 Industrial
6.3.3 Medical
6.3.4 Oil & Gas
7 Global High Voltage Direct Current Power Supply Market, By Region
7.1 Global High Voltage Direct Current Power Supply Market Share Analysis, By Region
7.2 Global High Voltage Direct Current Power Supply Market Share Analysis, By Region
7.3 Global High Voltage Direct Current Power Supply Market Size and Forecast, By Region
8 North America High Voltage Direct Current Power Supply Market Analysis and Forecast (2023- 2030)
8.1 Introduction
8.2 North America High Voltage Direct Current Power Supply Market Share Analysis, By Voltage
8.3 North America High Voltage Direct Current Power Supply Market Size and Forecast, By Application
8.4 North America High Voltage Direct Current Power Supply Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe High Voltage Direct Current Power Supply Market Analysis and Forecast (2023- 2030)
9.1 Introduction
9.2 Europe High Voltage Direct Current Power Supply Market Share Analysis, By Voltage
9.3 Europe High Voltage Direct Current Power Supply Market Size and Forecast, By Application
9.4 Europe High Voltage Direct Current Power Supply Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10 Asia Pacific High Voltage Direct Current Power Supply Market Analysis and Forecast (2023- 2030)
10.1 Introduction
10.2 Asia Pacific High Voltage Direct Current Power Supply Market Share Analysis, By Voltage
10.3 Asia Pacific High Voltage Direct Current Power Supply Market Size and Forecast, By Application
10.4 Asia Pacific High Voltage Direct Current Power Supply Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America High Voltage Direct Current Power Supply Market Analysis and Forecast (2023- 2030)
11.1 Introduction
11.2 Latin America High Voltage Direct Current Power Supply Market Share Analysis, By Voltage
11.3 Latin America High Voltage Direct Current Power Supply Market Size and Forecast, By Application
11.4 Latin America High Voltage Direct Current Power Supply Market Size and Forecast, By Country
11.4.1. Brazil
11.4.2. Rest of Latin America
12 Middle East High Voltage Direct Current Power Supply Market Analysis and Forecast (2023- 2030)
12.1 Introduction
12.2 Middle East High Voltage Direct Current Power Supply Market Share Analysis, By Voltage
12.3 Middle East High Voltage Direct Current Power Supply Market Size and Forecast, By Application
12.4 Middle East High Voltage Direct Current Power Supply Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.2. UAE
12.4.3. Egypt
12.4.4. Kuwait
12.4.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 ABB
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 AHV
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 American Power Design
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Applied Kilovolts
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Excelitas Technologies
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 General Electric
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Glassman Europe
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Hamamatsu
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Hi-Tek Power
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 HVM Technology
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies