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High Voltage Direct Current (HVDC) Transmission Systems Market in UK 2023-2027

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    Report

  • 136 Pages
  • August 2023
  • 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 363.9 mn during 2022-2027, accelerating at a CAGR of 8.03% 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 increased 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
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 sizing in UK
  • High voltage direct current (HVDC) transmission systems market forecast in UK
  • High voltage direct current (HVDC) transmission systems market industry analysis in UK
The robust vendor analysis 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 publisher 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
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market Segmentation by Component
Exhibit 05: Executive Summary - Chart on Market Segmentation by Type
Exhibit 06: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 07: Parent market
Exhibit 08: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 09: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 10: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 11: Chart on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 12: Data Table on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 13: Chart on UK: Year-over-year growth 2022-2027 (%)
Exhibit 14: Data Table on UK: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 High voltage direct current (HVDC) transmission systems market in UK 2017 - 2021
Exhibit 15: Historic Market Size - Data Table on high voltage direct current (hvdc) transmission systems market in UK 2017 - 2021 ($ million)
4.2 Component Segment Analysis 2017 - 2021
Exhibit 16: Historic Market Size - Component Segment 2017 - 2021 ($ million)
4.3 Type Segment Analysis 2017 - 2021
Exhibit 17: Historic Market Size - Type Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 19: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 20: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 21: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 22: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 23: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 24: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Component
6.1 Market segments
Exhibit 25: Chart on Component - Market share 2022-2027 (%)
Exhibit 26: Data Table on Component - Market share 2022-2027 (%)
6.2 Comparison by Component
Exhibit 27: Chart on Comparison by Component
Exhibit 28: Data Table on Comparison by Component
6.3 Converter stations - Market size and forecast 2022-2027
Exhibit 29: Chart on Converter stations - Market size and forecast 2022-2027 ($ million)
Exhibit 30: Data Table on Converter stations - Market size and forecast 2022-2027 ($ million)
Exhibit 31: Chart on Converter stations - Year-over-year growth 2022-2027 (%)
Exhibit 32: Data Table on Converter stations - Year-over-year growth 2022-2027 (%)
6.4 Transmission medium - Market size and forecast 2022-2027
Exhibit 33: Chart on Transmission medium - Market size and forecast 2022-2027 ($ million)
Exhibit 34: Data Table on Transmission medium - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Chart on Transmission medium - Year-over-year growth 2022-2027 (%)
Exhibit 36: Data Table on Transmission medium - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Component
Exhibit 37: Market opportunity by Component ($ million)
Exhibit 38: Data Table on Market opportunity by Component ($ million)
7 Market Segmentation by Type
7.1 Market segments
Exhibit 39: Chart on Type - Market share 2022-2027 (%)
Exhibit 40: Data Table on Type - Market share 2022-2027 (%)
7.2 Comparison by Type
Exhibit 41: Chart on Comparison by Type
Exhibit 42: Data Table on Comparison by Type
7.3 Subsea transmission - Market size and forecast 2022-2027
Exhibit 43: Chart on Subsea transmission - Market size and forecast 2022-2027 ($ million)
Exhibit 44: Data Table on Subsea transmission - Market size and forecast 2022-2027 ($ million)
Exhibit 45: Chart on Subsea transmission - Year-over-year growth 2022-2027 (%)
Exhibit 46: Data Table on Subsea transmission - Year-over-year growth 2022-2027 (%)
7.4 Underground transmission - Market size and forecast 2022-2027
Exhibit 47: Chart on Underground transmission - Market size and forecast 2022-2027 ($ million)
Exhibit 48: Data Table on Underground transmission - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Chart on Underground transmission - Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Underground transmission - Year-over-year growth 2022-2027 (%)
7.5 Overhead transmission - Market size and forecast 2022-2027
Exhibit 51: Chart on Overhead transmission - Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on Overhead transmission - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on Overhead transmission - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Overhead transmission - Year-over-year growth 2022-2027 (%)
7.6 Market opportunity by Type
Exhibit 55: Market opportunity by Type ($ million)
Exhibit 56: Data Table on Market opportunity by Type ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Trends
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Exhibit 58: Impact of drivers and challenges in 2022 and 2027
9.4 Market trends
10 Vendor Landscape
10.1 Overview
10.2 Vendor landscape
Exhibit 59: Overview on Criticality of inputs and Factors of differentiation
10.3 Landscape disruption
Exhibit 60: Overview on factors of disruption
10.4 Industry risks
Exhibit 61: Impact of key risks on business
11 Vendor Analysis
11.1 Vendors covered
Exhibit 62: Vendors covered
11.2 Market positioning of vendors
Exhibit 63: Matrix on vendor position and classification
11.3 ABB Ltd.
Exhibit 64: ABB Ltd. - Overview
Exhibit 65: ABB Ltd. - Business segments
Exhibit 66: ABB Ltd. - Key offerings
Exhibit 67: ABB Ltd. - Segment focus
11.4 Aquind Ltd.
Exhibit 68: Aquind Ltd. - Overview
Exhibit 69: Aquind Ltd. - Product/Service
Exhibit 70: Aquind Ltd. - Key offerings
11.5 EirGrid Plc
Exhibit 71: EirGrid Plc - Overview
Exhibit 72: EirGrid Plc - Product/Service
Exhibit 73: EirGrid Plc - Key offerings
11.6 General Electric Co.
Exhibit 74: General Electric Co. - Overview
Exhibit 75: General Electric Co. - Business segments
Exhibit 76: General Electric Co. - Key news
Exhibit 77: General Electric Co. - Key offerings
Exhibit 78: General Electric Co. - Segment focus
11.7 Hitachi Ltd.
Exhibit 79: Hitachi Ltd. - Overview
Exhibit 80: Hitachi Ltd. - Business segments
Exhibit 81: Hitachi Ltd. - Key news
Exhibit 82: Hitachi Ltd. - Key offerings
Exhibit 83: Hitachi Ltd. - Segment focus
11.8 Mitsubishi Electric Corp.
Exhibit 84: Mitsubishi Electric Corp. - Overview
Exhibit 85: Mitsubishi Electric Corp. - Business segments
Exhibit 86: Mitsubishi Electric Corp. - Key news
Exhibit 87: Mitsubishi Electric Corp. - Key offerings
Exhibit 88: Mitsubishi Electric Corp. - Segment focus
11.9 National Grid Plc
Exhibit 89: National Grid Plc - Overview
Exhibit 90: National Grid Plc - Business segments
Exhibit 91: National Grid Plc - Key news
Exhibit 92: National Grid Plc - Key offerings
Exhibit 93: National Grid Plc - Segment focus
11.10 NR Electric Co. Ltd.
Exhibit 94: NR Electric Co. Ltd. - Overview
Exhibit 95: NR Electric Co. Ltd. - Product/Service
Exhibit 96: NR Electric Co. Ltd. - Key offerings
11.11 Prysmian Spa
Exhibit 97: Prysmian Spa - Overview
Exhibit 98: Prysmian Spa - Business segments
Exhibit 99: Prysmian Spa - Key offerings
Exhibit 100: Prysmian Spa - Segment focus
11.12 Rochling SE and Co. KG
Exhibit 101: Rochling SE and Co. KG - Overview
Exhibit 102: Rochling SE and Co. KG - Business segments
Exhibit 103: Rochling SE and Co. KG - Key offerings
Exhibit 104: Rochling SE and Co. KG - Segment focus
11.13 Rongxin Power Ltd.
Exhibit 105: Rongxin Power Ltd. - Overview
Exhibit 106: Rongxin Power Ltd. - Product/Service
Exhibit 107: Rongxin Power Ltd. - Key offerings
11.14 Roxtec International AB
Exhibit 108: Roxtec International AB - Overview
Exhibit 109: Roxtec International AB - Product/Service
Exhibit 110: Roxtec International AB - Key offerings
11.15 Siemens AG
Exhibit 111: Siemens AG - Overview
Exhibit 112: Siemens AG - Business segments
Exhibit 113: Siemens AG - Key news
Exhibit 114: Siemens AG - Key offerings
Exhibit 115: Siemens AG - Segment focus
11.16 Sumitomo Electric Industries Ltd.
Exhibit 116: Sumitomo Electric Industries Ltd. - Overview
Exhibit 117: Sumitomo Electric Industries Ltd. - Business segments
Exhibit 118: Sumitomo Electric Industries Ltd. - Key offerings
Exhibit 119: Sumitomo Electric Industries Ltd. - Segment focus
11.17 Toshiba Corp.
Exhibit 120: Toshiba Corp. - Overview
Exhibit 121: Toshiba Corp. - Business segments
Exhibit 122: Toshiba Corp. - Key news
Exhibit 123: Toshiba Corp. - Key offerings
Exhibit 124: Toshiba Corp. - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Exhibit 125: Inclusions checklist
Exhibit 126: Exclusions checklist
12.3 Currency conversion rates for US$
Exhibit 127: Currency conversion rates for US$
12.4 Research methodology
Exhibit 128: Research methodology
Exhibit 129: Validation techniques employed for market sizing
Exhibit 130: Information sources
12.5 List of abbreviations
Exhibit 131: 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 Vendor Market Positioning
Exhibits 7: Parent market
Exhibits 8: Market Characteristics
Exhibits 9: Offerings of vendors included in the market definition
Exhibits 10: Market segments
Exhibits 11: Chart on UK - Market size and forecast 2022-2027 ($ million)
Exhibits 12: Data Table on UK - Market size and forecast 2022-2027 ($ million)
Exhibits 13: Chart on UK: Year-over-year growth 2022-2027 (%)
Exhibits 14: Data Table on UK: Year-over-year growth 2022-2027 (%)
Exhibits 15: Historic Market Size - Data Table on high voltage direct current (hvdc) transmission systems market in UK 2017 - 2021 ($ million)
Exhibits 16: Historic Market Size - Component Segment 2017 - 2021 ($ million)
Exhibits 17: Historic Market Size - Type Segment 2017 - 2021 ($ million)
Exhibits 18: Five forces analysis - Comparison between 2022 and 2027
Exhibits 19: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
Exhibits 20: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
Exhibits 21: Threat of new entrants - Impact of key factors in 2022 and 2027
Exhibits 22: Threat of substitutes - Impact of key factors in 2022 and 2027
Exhibits 23: Threat of rivalry - Impact of key factors in 2022 and 2027
Exhibits 24: Chart on Market condition - Five forces 2022 and 2027
Exhibits 25: Chart on Component - Market share 2022-2027 (%)
Exhibits 26: Data Table on Component - Market share 2022-2027 (%)
Exhibits 27: Chart on Comparison by Component
Exhibits 28: Data Table on Comparison by Component
Exhibits 29: Chart on Converter stations - Market size and forecast 2022-2027 ($ million)
Exhibits 30: Data Table on Converter stations - Market size and forecast 2022-2027 ($ million)
Exhibits 31: Chart on Converter stations - Year-over-year growth 2022-2027 (%)
Exhibits 32: Data Table on Converter stations - Year-over-year growth 2022-2027 (%)
Exhibits 33: Chart on Transmission medium - Market size and forecast 2022-2027 ($ million)
Exhibits 34: Data Table on Transmission medium - Market size and forecast 2022-2027 ($ million)
Exhibits 35: Chart on Transmission medium - Year-over-year growth 2022-2027 (%)
Exhibits 36: Data Table on Transmission medium - Year-over-year growth 2022-2027 (%)
Exhibits 37: Market opportunity by Component ($ million)
Exhibits 38: Data Table on Market opportunity by Component ($ million)
Exhibits 39: Chart on Type - Market share 2022-2027 (%)
Exhibits 40: Data Table on Type - Market share 2022-2027 (%)
Exhibits 41: Chart on Comparison by Type
Exhibits 42: Data Table on Comparison by Type
Exhibits 43: Chart on Subsea transmission - Market size and forecast 2022-2027 ($ million)
Exhibits 44: Data Table on Subsea transmission - Market size and forecast 2022-2027 ($ million)
Exhibits 45: Chart on Subsea transmission - Year-over-year growth 2022-2027 (%)
Exhibits 46: Data Table on Subsea transmission - Year-over-year growth 2022-2027 (%)
Exhibits 47: Chart on Underground transmission - Market size and forecast 2022-2027 ($ million)
Exhibits 48: Data Table on Underground transmission - Market size and forecast 2022-2027 ($ million)
Exhibits 49: Chart on Underground transmission - Year-over-year growth 2022-2027 (%)
Exhibits 50: Data Table on Underground transmission - Year-over-year growth 2022-2027 (%)
Exhibits 51: Chart on Overhead transmission - Market size and forecast 2022-2027 ($ million)
Exhibits 52: Data Table on Overhead transmission - Market size and forecast 2022-2027 ($ million)
Exhibits 53: Chart on Overhead transmission - Year-over-year growth 2022-2027 (%)
Exhibits 54: Data Table on Overhead transmission - Year-over-year growth 2022-2027 (%)
Exhibits 55: Market opportunity by Type ($ million)
Exhibits 56: Data Table on Market opportunity by Type ($ million)
Exhibits 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 58: Impact of drivers and challenges in 2022 and 2027
Exhibits 59: Overview on Criticality of inputs and Factors of differentiation
Exhibits 60: Overview on factors of disruption
Exhibits 61: Impact of key risks on business
Exhibits 62: Vendors covered
Exhibits 63: Matrix on vendor position and classification
Exhibits 64: ABB Ltd. - Overview
Exhibits 65: ABB Ltd. - Business segments
Exhibits 66: ABB Ltd. - Key offerings
Exhibits 67: ABB Ltd. - Segment focus
Exhibits 68: Aquind Ltd. - Overview
Exhibits 69: Aquind Ltd. - Product/Service
Exhibits 70: Aquind Ltd. - Key offerings
Exhibits 71: EirGrid Plc - Overview
Exhibits 72: EirGrid Plc - Product/Service
Exhibits 73: EirGrid Plc - Key offerings
Exhibits 74: General Electric Co. - Overview
Exhibits 75: General Electric Co. - Business segments
Exhibits 76: General Electric Co. - Key news
Exhibits 77: General Electric Co. - Key offerings
Exhibits 78: General Electric Co. - Segment focus
Exhibits 79: Hitachi Ltd. - Overview
Exhibits 80: Hitachi Ltd. - Business segments
Exhibits 81: Hitachi Ltd. - Key news
Exhibits 82: Hitachi Ltd. - Key offerings
Exhibits 83: Hitachi Ltd. - Segment focus
Exhibits 84: Mitsubishi Electric Corp. - Overview
Exhibits 85: Mitsubishi Electric Corp. - Business segments
Exhibits 86: Mitsubishi Electric Corp. - Key news
Exhibits 87: Mitsubishi Electric Corp. - Key offerings
Exhibits 88: Mitsubishi Electric Corp. - Segment focus
Exhibits 89: National Grid Plc - Overview
Exhibits 90: National Grid Plc - Business segments
Exhibits 91: National Grid Plc - Key news
Exhibits 92: National Grid Plc - Key offerings
Exhibits 93: National Grid Plc - Segment focus
Exhibits 94: NR Electric Co. Ltd. - Overview
Exhibits 95: NR Electric Co. Ltd. - Product/Service
Exhibits 96: NR Electric Co. Ltd. - Key offerings
Exhibits 97: Prysmian Spa - Overview
Exhibits 98: Prysmian Spa - Business segments
Exhibits 99: Prysmian Spa - Key offerings
Exhibits 100: Prysmian Spa - Segment focus
Exhibits 101: Rochling SE and Co. KG - Overview
Exhibits 102: Rochling SE and Co. KG - Business segments
Exhibits 103: Rochling SE and Co. KG - Key offerings
Exhibits 104: Rochling SE and Co. KG - Segment focus
Exhibits 105: Rongxin Power Ltd. - Overview
Exhibits 106: Rongxin Power Ltd. - Product/Service
Exhibits 107: Rongxin Power Ltd. - Key offerings
Exhibits 108: Roxtec International AB - Overview
Exhibits 109: Roxtec International AB - Product/Service
Exhibits 110: Roxtec International AB - Key offerings
Exhibits 111: Siemens AG - Overview
Exhibits 112: Siemens AG - Business segments
Exhibits 113: Siemens AG - Key news
Exhibits 114: Siemens AG - Key offerings
Exhibits 115: Siemens AG - Segment focus
Exhibits 116: Sumitomo Electric Industries Ltd. - Overview
Exhibits 117: Sumitomo Electric Industries Ltd. - Business segments
Exhibits 118: Sumitomo Electric Industries Ltd. - Key offerings
Exhibits 119: Sumitomo Electric Industries Ltd. - Segment focus
Exhibits 120: Toshiba Corp. - Overview
Exhibits 121: Toshiba Corp. - Business segments
Exhibits 122: Toshiba Corp. - Key news
Exhibits 123: Toshiba Corp. - Key offerings
Exhibits 124: Toshiba Corp. - Segment focus
Exhibits 125: Inclusions checklist
Exhibits 126: Exclusions checklist
Exhibits 127: Currency conversion rates for US$
Exhibits 128: Research methodology
Exhibits 129: Validation techniques employed for market sizing
Exhibits 130: Information sources
Exhibits 131: List of abbreviations

Executive Summary

The publisher recognizes the following companies 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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