Published by mark itwired
Posted on October 10, 2021
5 min readLast updated: January 29, 2026
The HVDC transmission systems market in Asia-Pacific is projected to grow at a 10.1% CAGR by 2026, driven by offshore wind projects and advanced technologies.
A recent report published by Future Market Insights projects that by the end of 2026, the HVDC transmission systems market in Asia-Pacific region will expand at a robust CAGR of 10.1%. Currently, the market is estimated to be valued at US$ 1,447.6 Mn, and is anticipated to surpass US$ 3,700 Mn towards the end of 2026. The report predicts that apart from rising adoption of HVDC transmission systems in APAC’s offshore wind projects, the cost-effectiveness of HVDC transmission systems will also promote their adoption rate.
Huge loads of electricity transmitted over long distances can cost millions of dollars for power distribution companies. In the Asia-Pacific (APAC) region, proliferating expanse of industrialization and urbanization has spiked its power consumption capacities. Power distribution systems operating in this region are adopting advanced technologies and alternative sources. Governments across several APAC countries are inducing higher investment in their offshore wind projects, and while doing so, they are compelled to use efficient power transmission systems. Thus, HVDC transmission systems are actively instated to provide power over long distances across multiple offshore wind projects in the APAC region. Revenues from these measures are projected to fuel the growth of the region’s HVDC transmission systems market.
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Unlike HVAC systems, initial costs of installing HVDC transmission systems are high, but are immaterialised as setting up terminal stations and extending power lines saves quite a lot of capital. Furthermore, HVDC transmission systems are eco-friendly and highly-efficient in supplying power to the remotest of areas as they are deployed in multiple routes such as overhead, underground, subsea, or a combination of these. The report reveals that in 2016, more than one-third of HVDC transmission systems installed across the Asia-Pacific region were deployed as overhead transmission systems. However, towards the end of the forecast period, subsea deployment of HVDC transmission systems is likely to gain traction and rake in over US$ 1 Bn in revenues.
The report also reveals that throughout the forecast period, VSC technology will dominate the HVDC transmission systems market in APAC region by accounting for more than 60% revenue share. Likewise, HVDC transmission systems installed as power solutions will hold a major share of the market’s value, while services offered for working of these systems are likely to register a 12.3% CAGR in terms of revenues.
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The report has bifurcated the APAC region into Japan and Asia-Pacific excluding Japan (APEJ), and these sub-regions are expected to be demand higher power distribution and effective transmission. Another factor promoting the use of HVDC transmission systems over other alternatives is their efficacy in averting power outages or blackouts. Nearly 50% of the market’s revenues are, thus, accounted by HVDC transmission systems with power ratings of 2,001 MWs and above. Also, more than three-fourth of the market’s growth in concentrated in the APEJ region, making it the dominant region in Asia-Pacific.
The report has also profiled prominent players in the APAC HVDC transmission systems market which include ABB Ltd., Siemens AG, Toshiba Corporation, TransGrid Solutions Inc., General Electric Co., Hitachi Ltd., Abengoa SA, ATCO Electric Ltd., and Prysmian SpA.
HVDC Transmission Systems Market: Segmentation
On the basis of system component, the global HVDC Transmission Systems market has been segmented into:
On the basis of technology, the global HVDC Transmission Systems market has been segmented into:
On the basis of deployment, the global HVDC Transmission Systems market has been segmented into:
On the basis of power rating, the global HVDC Transmission Systems market has been segmented into:
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The post HVDC Transmission Systems Market Top Scenario, SWOT Analysis, Business Overview, Forecast 2028 appeared first on Industry News Analsis.
The article discusses the growth and forecast of the HVDC transmission systems market in the Asia-Pacific region.
How is the HVDC market expected to grow in APAC? It is projected to expand at a 10.1% CAGR by 2026.
What technology will dominate the HVDC market? VSC technology is expected to dominate with over 60% revenue share.
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