North America High-Voltage Direct Current Transmission Systems Market was valued at USD 1.1 Billion in 2022 and is projected to reach USD 1.9 Billion by 2030, growing at a CAGR of 7.32% from 2024 to 2030.
The North American High-Voltage Direct Current (HVDC) transmission systems market is seeing significant growth, driven by the demand for more efficient and sustainable energy transmission solutions. HVDC systems are essential in transporting electricity over long distances with minimal losses. These systems are increasingly used in power grids to integrate renewable energy sources and support large-scale infrastructure projects. But what does the future hold for HVDC in North America? Let's explore.
HVDC technology allows for the reliable transfer of electricity between distant regions, enabling utilities to balance power loads efficiently. It has become particularly important as the energy industry shifts toward renewable sources, which are often located far from urban demand centers. For example, wind farms in remote areas can now be connected to major cities without the significant power loss that would occur using traditional alternating current (AC) systems.
The adoption of HVDC systems has expanded due to the growing need for reliable grid connections across borders. In North America, this has been especially evident in the U.S. and Canada, where HVDC lines are used to connect distant power grids, such as between the U.S. and Canada. These systems help maintain a steady power supply during periods of high demand, ensuring that the power remains stable even during emergencies or unexpected grid failures.
Industries like renewable energy, electric vehicles, and large-scale industrial operations are leading the demand for HVDC technology. Wind and solar power plants are key contributors, as they require efficient ways to transport power from where it's generated to where it’s needed. Additionally, electric vehicle charging stations are heavily reliant on HVDC transmission to ensure fast and reliable energy delivery, making this market an attractive opportunity for manufacturers and investors alike.
The North America High-Voltage Direct Current Transmission Systems Market is expected to continue expanding as more industries look to improve grid stability, reduce transmission losses, and integrate clean energy solutions into the power grid.
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ABB Ltd.
AHV
Excelitas Technologies Corp.
General Electric
American Power Design
Nikken Sekkei Ltd.
Applied Kilovolts (Exelis)
Glassman Europe Ltd.
Hamamatsu
Siemens AG
Toshiba Corp.
XP Power (EMCO high voltage)
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America High-Voltage Direct Current Transmission Systems Market
Telecommunication
Medical
Industrial
Oil & Gas
Others
Based on Types the Market is categorized into Below types that held the largest High-Voltage Direct Current Transmission Systems market share In 2023.
<1000V
1000-4000V
>4000V
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the North America High-Voltage Direct Current Transmission Systems Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America High-Voltage Direct Current Transmission Systems Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America High-Voltage Direct Current Transmission Systems Market, By Type
6. North America High-Voltage Direct Current Transmission Systems Market, By Application
7. North America High-Voltage Direct Current Transmission Systems Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America High-Voltage Direct Current Transmission Systems Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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