HVDC Transmission uses direct current for the bulk transmission of electrical power, in contrast with the more common alternating current (AC) systems. For long-distance transmission, HVDC systems may be less expensive and suffer lower electrical losses. For underwater power cables, HVDC avoids the heavy currents required to charge and discharge the cable capacitance each cycle. For shorter distances, the higher cost of DC conversion equipment compared to an AC system may still be justified, due to other benefits of direct current links.

HVDC allows power transmission between unsynchronized AC transmission systems. Since the power flow through an HVDC link can be controlled independently of the phase angle between source and load, it can stabilize a network against disturbances due to rapid changes in power. HVDC also allows transfer of power between grid systems running at different frequencies, such as 50 Hz and 60 Hz. This improves the stability and economy of each grid, by allowing exchange of power between incompatible networks.

The latest research study released by Market IntelliX evaluates market size and forecasts of High Voltage Direct Current (HVDC) Transmission in Global, including the following market information:

Global High Voltage Direct Current (HVDC) Transmission Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global High Voltage Direct Current (HVDC) Transmission market was valued at 9370.1 million in 2021 and is projected to reach US$ 14820 million by 2028, at a CAGR of 6.8% during the forecast period 2022-2028.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Less than 400 KV Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of High Voltage Direct Current (HVDC) Transmission include Hitachi ABB Power Grids, Siemens, Prysmian Group, XD Group, GE Grid Solution, TBEA, Xuji Group, Nexans and NKT, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MI has surveyed the High Voltage Direct Current (HVDC) Transmission companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Market Segmentations:

Global High Voltage Direct Current (HVDC) Transmission Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global High Voltage Direct Current (HVDC) Transmission Market Segment Percentages, by Type, 2021 (%)

Less than 400 KV

400-800 KV

Above 800 KV

Global High Voltage Direct Current (HVDC) Transmission Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global High Voltage Direct Current (HVDC) Transmission Market Segment Percentages, by Application, 2021 (%)

Overhead Transmission

Underground Transmission

Subsea Transmission

Global High Voltage Direct Current (HVDC) Transmission Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global High Voltage Direct Current (HVDC) Transmission Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies High Voltage Direct Current (HVDC) Transmission revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies High Voltage Direct Current (HVDC) Transmission revenues share in global market, 2021 (%)

The report presents profiles of competitors in the market Some of the prominent key players covered:

Hitachi ABB Power Grids

Siemens

Prysmian Group

XD Group

GE Grid Solution

TBEA

Xuji Group

Nexans

NKT

Toshiba Energy Systems & Solutions

Mitsubishi Electric

NR Electric

Key Takeaways from this Report

Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.

Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.

Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.

Analyze the sales and distribution channels across key geographies to improve top-line revenues.

Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

1 Introduction to Research & Analysis Reports

1.1 High Voltage Direct Current (HVDC) Transmission Market Definition

1.2 Market Segments

1.2.1 Market by Type

1.2.2 Market by Application

1.3 Global High Voltage Direct Current (HVDC) Transmission Market Overview

1.4 Features & Benefits of This Report

1.5 Methodology & Sources of Information

1.5.1 Research Methodology

1.5.2 Research Process

1.5.3 Base Year

1.5.4 Report Assumptions & Caveats

2 Global High Voltage Direct Current (HVDC) Transmission Overall Market Size

2.1 Global High Voltage Direct Current (HVDC) Transmission Market Size: 2021 VS 2028

2.2 Global High Voltage Direct Current (HVDC) Transmission Market Size, Prospects & Forecasts: 2017-2028

2.3 Key Market Trends, Opportunity, Drivers and Restraints

2.3.1 Market Opportunities & Trends

2.3.2 Market Drivers

2.3.3 Market Restraints

3 Company Landscape

3.1 Top High Voltage Direct Current (HVDC) Transmission Players in Global Market

3.2 Top Global High Voltage Direct Current (HVDC) Transmission Companies Ranked by Revenue

3.3 Global High Voltage Direct Current (HVDC) Transmission Revenue by Companies

3.4 Top 3 and Top 5 High Voltage Direct Current (HVDC) Transmission Companies in Global Market, by Revenue in 2021

3.5 Global Companies High Voltage Direct Current (HVDC) Transmission Product Type

3.6 Tier 1, Tier 2 and Tier 3 High Voltage Direct Current (HVDC) Transmission Players in Global Market

3.6.1 List of Global Tier 1 High Voltage Direct Current (HVDC) Transmission Companies

3.6.2 List of Global Tier 2 and Tier 3 High Voltage Direct Current (HVDC) Transmission Companies

4 Market Sights by Product

4.1 Overview

4.1.1 by Type - Global High Voltage Direct Current (HVDC) Transmission Market Size Markets, 2021 & 2028

4.1.2 Less than 400 KV

4.1.3 400-800 KV

4.1.4 Above 800 KV

4.2 By Type - Global High Voltage Direct Current (HVDC) Transmission Revenue & Forecasts

4.2.1 By Type - Global High Voltage Direct Current (HVDC) Transmission Revenue, 2017-2022

4.2.2 By Type - Global High Voltage Direct Current (HVDC) Transmission Revenue, 2023-2028

4.2.3 By Type - Global High Voltage Direct Current (HVDC) Transmission Revenue Market Share, 2017-2028

5 Sights by Application

5.1 Overview

5.1.1 By Application - Global High Voltage Direct Current (HVDC) Transmission Market Size, 2021 & 2028

5.1.2 Overhead Transmission

5.1.3 Underground Transmission

5.1.4 Subsea Transmission

5.2 By Application - Global High Voltage Direct Current (HVDC) Transmission Revenue & Forecasts

5.2.1 By Application - Global High Voltage Direct Current (HVDC) Transmission Revenue, 2017-2022

5.2.2 By Application - Global High Voltage Direct Current (HVDC) Transmission Revenue, 2023-2028

5.2.3 By Application - Global High Voltage Direct Current (HVDC) Transmission Revenue Market Share, 2017-2028

6 Sights by Region

6.1 By Region - Global High Voltage Direct Current (HVDC) Transmission Market Size, 2021 & 2028

6.2 By Region - Global High Voltage Direct Current (HVDC) Transmission Revenue & Forecasts

6.2.1 By Region - Global High Voltage Direct Current (HVDC) Transmission Revenue, 2017-2022

6.2.2 By Region - Global High Voltage Direct Current (HVDC) Transmission Revenue, 2023-2028

6.2.3 By Region - Global High Voltage Direct Current (HVDC) Transmission Revenue Market Share, 2017-2028

6.3 North America

6.3.1 By Country - North America High Voltage Direct Current (HVDC) Transmission Revenue, 2017-2028

6.3.2 US High Voltage Direct Current (HVDC) Transmission Market Size, 2017-2028

6.3.3 Canada High Voltage Direct Current (HVDC) Transmission Market Size, 2017-2028

6.3.4 Mexico High Voltage Direct Current (HVDC) Transmission Market Size, 2017-2028

6.4 Europe

6.4.1 By Country - Europe High Voltage Direct Current (HVDC) Transmission Revenue, 2017-2028

6.4.2 Germany High Voltage Direct Current (HVDC) Transmission Market Size, 2017-2028

6.4.3 France High Voltage Direct Current (HVDC) Transmission Market Size, 2017-2028

6.4.4 U.K. High Voltage Direct Current (HVDC) Transmission Market Size, 2017-2028

6.4.5 Italy High Voltage Direct Current (HVDC) Transmission Market Size, 2017-2028

6.4.6 Russia High Voltage Direct Current (HVDC) Transmission Market Size, 2017-2028

6.4.7 Nordic Countries High Voltage Direct Current (HVDC) Transmission Market Size, 2017-2028

6.4.8 Benelux High Voltage Direct Current (HVDC) Transmission Market Size, 2017-2028

6.5 Asia

6.5.1 By Region - Asia High Voltage Direct Current (HVDC) Transmission Revenue, 2017-2028

6.5.2 China High Voltage Direct Current (HVDC) Transmission Market Size, 2017-2028

6.5.3 Japan High Voltage Direct Current (HVDC) Transmission Market Size, 2017-2028

6.5.4 South Korea High Voltage Direct Current (HVDC) Transmission Market Size, 2017-2028

6.5.5 Southeast Asia High Voltage Direct Current (HVDC) Transmission Market Size, 2017-2028

6.5.6 India High Voltage Direct Current (HVDC) Transmission Market Size, 2017-2028

6.6 South America

6.6.1 By Country - South America High Voltage Direct Current (HVDC) Transmission Revenue, 2017-2028

6.6.2 Brazil High Voltage Direct Current (HVDC) Transmission Market Size, 2017-2028

6.6.3 Argentina High Voltage Direct Current (HVDC) Transmission Market Size, 2017-2028

6.7 Middle East & Africa

6.7.1 By Country - Middle East & Africa High Voltage Direct Current (HVDC) Transmission Revenue, 2017-2028

6.7.2 Turkey High Voltage Direct Current (HVDC) Transmission Market Size, 2017-2028

6.7.3 Israel High Voltage Direct Current (HVDC) Transmission Market Size, 2017-2028

6.7.4 Saudi Arabia High Voltage Direct Current (HVDC) Transmission Market Size, 2017-2028

6.7.5 UAE High Voltage Direct Current (HVDC) Transmission Market Size, 2017-2028

7 Players Profiles

7.1 Hitachi ABB Power Grids

7.1.1 Hitachi ABB Power Grids Corporate Summary

7.1.2 Hitachi ABB Power Grids Business Overview

7.1.3 Hitachi ABB Power Grids High Voltage Direct Current (HVDC) Transmission Major Product Offerings

7.1.4 Hitachi ABB Power Grids High Voltage Direct Current (HVDC) Transmission Revenue in Global Market (2017-2022)

7.1.5 Hitachi ABB Power Grids Key News

7.2 Siemens

7.2.1 Siemens Corporate Summary

7.2.2 Siemens Business Overview

7.2.3 Siemens High Voltage Direct Current (HVDC) Transmission Major Product Offerings

7.2.4 Siemens High Voltage Direct Current (HVDC) Transmission Revenue in Global Market (2017-2022)

7.2.5 Siemens Key News

7.3 Prysmian Group

7.3.1 Prysmian Group Corporate Summary

7.3.2 Prysmian Group Business Overview

7.3.3 Prysmian Group High Voltage Direct Current (HVDC) Transmission Major Product Offerings

7.3.4 Prysmian Group High Voltage Direct Current (HVDC) Transmission Revenue in Global Market (2017-2022)

7.3.5 Prysmian Group Key News

7.4 XD Group

7.4.1 XD Group Corporate Summary

7.4.2 XD Group Business Overview

7.4.3 XD Group High Voltage Direct Current (HVDC) Transmission Major Product Offerings

7.4.4 XD Group High Voltage Direct Current (HVDC) Transmission Revenue in Global Market (2017-2022)

7.4.5 XD Group Key News

7.5 GE Grid Solution

7.5.1 GE Grid Solution Corporate Summary

7.5.2 GE Grid Solution Business Overview

7.5.3 GE Grid Solution High Voltage Direct Current (HVDC) Transmission Major Product Offerings

7.5.4 GE Grid Solution High Voltage Direct Current (HVDC) Transmission Revenue in Global Market (2017-2022)

7.5.5 GE Grid Solution Key News

7.6 TBEA

7.6.1 TBEA Corporate Summary

7.6.2 TBEA Business Overview

7.6.3 TBEA High Voltage Direct Current (HVDC) Transmission Major Product Offerings

7.6.4 TBEA High Voltage Direct Current (HVDC) Transmission Revenue in Global Market (2017-2022)

7.6.5 TBEA Key News

7.7 Xuji Group

7.7.1 Xuji Group Corporate Summary

7.7.2 Xuji Group Business Overview

7.7.3 Xuji Group High Voltage Direct Current (HVDC) Transmission Major Product Offerings

7.7.4 Xuji Group High Voltage Direct Current (HVDC) Transmission Revenue in Global Market (2017-2022)

7.7.5 Xuji Group Key News

7.8 Nexans

7.8.1 Nexans Corporate Summary

7.8.2 Nexans Business Overview

7.8.3 Nexans High Voltage Direct Current (HVDC) Transmission Major Product Offerings

7.8.4 Nexans High Voltage Direct Current (HVDC) Transmission Revenue in Global Market (2017-2022)

7.8.5 Nexans Key News

7.9 NKT

7.9.1 NKT Corporate Summary

7.9.2 NKT Business Overview

7.9.3 NKT High Voltage Direct Current (HVDC) Transmission Major Product Offerings

7.9.4 NKT High Voltage Direct Current (HVDC) Transmission Revenue in Global Market (2017-2022)

7.9.5 NKT Key News

7.10 Toshiba Energy Systems & Solutions

7.10.1 Toshiba Energy Systems & Solutions Corporate Summary

7.10.2 Toshiba Energy Systems & Solutions Business Overview

7.10.3 Toshiba Energy Systems & Solutions High Voltage Direct Current (HVDC) Transmission Major Product Offerings

7.10.4 Toshiba Energy Systems & Solutions High Voltage Direct Current (HVDC) Transmission Revenue in Global Market (2017-2022)

7.10.5 Toshiba Energy Systems & Solutions Key News

7.11 Mitsubishi Electric

7.11.1 Mitsubishi Electric Corporate Summary

7.11.2 Mitsubishi Electric Business Overview

7.11.3 Mitsubishi Electric High Voltage Direct Current (HVDC) Transmission Major Product Offerings

7.11.4 Mitsubishi Electric High Voltage Direct Current (HVDC) Transmission Revenue in Global Market (2017-2022)

7.11.5 Mitsubishi Electric Key News

7.12 NR Electric

7.12.1 NR Electric Corporate Summary

7.12.2 NR Electric Business Overview

7.12.3 NR Electric High Voltage Direct Current (HVDC) Transmission Major Product Offerings

7.12.4 NR Electric High Voltage Direct Current (HVDC) Transmission Revenue in Global Market (2017-2022)

7.12.5 NR Electric Key News

8 Conclusion

9 Appendix

9.1 Note

9.2 Examples of Clients

9.3 Disclaimer

List of Tables

Table 1. High Voltage Direct Current (HVDC) Transmission Market Opportunities & Trends in Global Market

Table 2. High Voltage Direct Current (HVDC) Transmission Market Drivers in Global Market

Table 3. High Voltage Direct Current (HVDC) Transmission Market Restraints in Global Market

Table 4. Key Players of High Voltage Direct Current (HVDC) Transmission in Global Market

Table 5. Top High Voltage Direct Current (HVDC) Transmission Players in Global Market, Ranking by Revenue (2021)

Table 6. Global High Voltage Direct Current (HVDC) Transmission Revenue by Companies, (US$, Mn), 2017-2022

Table 7. Global High Voltage Direct Current (HVDC) Transmission Revenue Share by Companies, 2017-2022

Table 8. Global Companies High Voltage Direct Current (HVDC) Transmission Product Type

Table 9. List of Global Tier 1 High Voltage Direct Current (HVDC) Transmission Companies, Revenue (US$, Mn) in 2021 and Market Share

Table 10. List of Global Tier 2 and Tier 3 High Voltage Direct Current (HVDC) Transmission Companies, Revenue (US$, Mn) in 2021 and Market Share

Table 11. By Type – Global High Voltage Direct Current (HVDC) Transmission Revenue, (US$, Mn), 2021 & 2028

Table 12. By Type - High Voltage Direct Current (HVDC) Transmission Revenue in Global (US$, Mn), 2017-2022

Table 13. By Type - High Voltage Direct Current (HVDC) Transmission Revenue in Global (US$, Mn), 2023-2028

Table 14. By Application – Global High Voltage Direct Current (HVDC) Transmission Revenue, (US$, Mn), 2021 & 2028

Table 15. By Application - High Voltage Direct Current (HVDC) Transmission Revenue in Global (US$, Mn), 2017-2022

Table 16. By Application - High Voltage Direct Current (HVDC) Transmission Revenue in Global (US$, Mn), 2023-2028

Table 17. By Region – Global High Voltage Direct Current (HVDC) Transmission Revenue, (US$, Mn), 2021 & 2028

Table 18. By Region - Global High Voltage Direct Current (HVDC) Transmission Revenue (US$, Mn), 2017-2022

Table 19. By Region - Global High Voltage Direct Current (HVDC) Transmission Revenue (US$, Mn), 2023-2028

Table 20. By Country - North America High Voltage Direct Current (HVDC) Transmission Revenue, (US$, Mn), 2017-2022

Table 21. By Country - North America High Voltage Direct Current (HVDC) Transmission Revenue, (US$, Mn), 2023-2028

Table 22. By Country - Europe High Voltage Direct Current (HVDC) Transmission Revenue, (US$, Mn), 2017-2022

Table 23. By Country - Europe High Voltage Direct Current (HVDC) Transmission Revenue, (US$, Mn), 2023-2028

Table 24. By Region - Asia High Voltage Direct Current (HVDC) Transmission Revenue, (US$, Mn), 2017-2022

Table 25. By Region - Asia High Voltage Direct Current (HVDC) Transmission Revenue, (US$, Mn), 2023-2028

Table 26. By Country - South America High Voltage Direct Current (HVDC) Transmission Revenue, (US$, Mn), 2017-2022

Table 27. By Country - South America High Voltage Direct Current (HVDC) Transmission Revenue, (US$, Mn), 2023-2028

Table 28. By Country - Middle East & Africa High Voltage Direct Current (HVDC) Transmission Revenue, (US$, Mn), 2017-2022

Table 29. By Country - Middle East & Africa High Voltage Direct Current (HVDC) Transmission Revenue, (US$, Mn), 2023-2028

Table 30. Hitachi ABB Power Grids Corporate Summary

Table 31. Hitachi ABB Power Grids High Voltage Direct Current (HVDC) Transmission Product Offerings

Table 32. Hitachi ABB Power Grids High Voltage Direct Current (HVDC) Transmission Revenue (US$, Mn), (2017-2022)

Table 33. Siemens Corporate Summary

Table 34. Siemens High Voltage Direct Current (HVDC) Transmission Product Offerings

Table 35. Siemens High Voltage Direct Current (HVDC) Transmission Revenue (US$, Mn), (2017-2022)

Table 36. Prysmian Group Corporate Summary

Table 37. Prysmian Group High Voltage Direct Current (HVDC) Transmission Product Offerings

Table 38. Prysmian Group High Voltage Direct Current (HVDC) Transmission Revenue (US$, Mn), (2017-2022)

Table 39. XD Group Corporate Summary

Table 40. XD Group High Voltage Direct Current (HVDC) Transmission Product Offerings

Table 41. XD Group High Voltage Direct Current (HVDC) Transmission Revenue (US$, Mn), (2017-2022)

Table 42. GE Grid Solution Corporate Summary

Table 43. GE Grid Solution High Voltage Direct Current (HVDC) Transmission Product Offerings

Table 44. GE Grid Solution High Voltage Direct Current (HVDC) Transmission Revenue (US$, Mn), (2017-2022)

Table 45. TBEA Corporate Summary

Table 46. TBEA High Voltage Direct Current (HVDC) Transmission Product Offerings

Table 47. TBEA High Voltage Direct Current (HVDC) Transmission Revenue (US$, Mn), (2017-2022)

Table 48. Xuji Group Corporate Summary

Table 49. Xuji Group High Voltage Direct Current (HVDC) Transmission Product Offerings

Table 50. Xuji Group High Voltage Direct Current (HVDC) Transmission Revenue (US$, Mn), (2017-2022)

Table 51. Nexans Corporate Summary

Table 52. Nexans High Voltage Direct Current (HVDC) Transmission Product Offerings

Table 53. Nexans High Voltage Direct Current (HVDC) Transmission Revenue (US$, Mn), (2017-2022)

Table 54. NKT Corporate Summary

Table 55. NKT High Voltage Direct Current (HVDC) Transmission Product Offerings

Table 56. NKT High Voltage Direct Current (HVDC) Transmission Revenue (US$, Mn), (2017-2022)

Table 57. Toshiba Energy Systems & Solutions Corporate Summary

Table 58. Toshiba Energy Systems & Solutions High Voltage Direct Current (HVDC) Transmission Product Offerings

Table 59. Toshiba Energy Systems & Solutions High Voltage Direct Current (HVDC) Transmission Revenue (US$, Mn), (2017-2022)

Table 60. Mitsubishi Electric Corporate Summary

Table 61. Mitsubishi Electric High Voltage Direct Current (HVDC) Transmission Product Offerings

Table 62. Mitsubishi Electric High Voltage Direct Current (HVDC) Transmission Revenue (US$, Mn), (2017-2022)

Table 63. NR Electric Corporate Summary

Table 64. NR Electric High Voltage Direct Current (HVDC) Transmission Product Offerings

Table 65. NR Electric High Voltage Direct Current (HVDC) Transmission Revenue (US$, Mn), (2017-2022)

List of Figures

Figure 1. High Voltage Direct Current (HVDC) Transmission Segment by Type in 2021

Figure 2. High Voltage Direct Current (HVDC) Transmission Segment by Application in 2021

Figure 3. Global High Voltage Direct Current (HVDC) Transmission Market Overview: 2021

Figure 4. Key Caveats

Figure 5. Global High Voltage Direct Current (HVDC) Transmission Market Size: 2021 VS 2028 (US$, Mn)

Figure 6. Global High Voltage Direct Current (HVDC) Transmission Revenue, 2017-2028 (US$, Mn)

Figure 7. The Top 3 and 5 Players Market Share by High Voltage Direct Current (HVDC) Transmission Revenue in 2021

Figure 8. By Type - Global High Voltage Direct Current (HVDC) Transmission Revenue Market Share, 2017-2028

Figure 9. By Application - Global High Voltage Direct Current (HVDC) Transmission Revenue Market Share, 2017-2028

Figure 10. By Region - Global High Voltage Direct Current (HVDC) Transmission Revenue Market Share, 2017-2028

Figure 11. By Country - North America High Voltage Direct Current (HVDC) Transmission Revenue Market Share, 2017-2028

Figure 12. US High Voltage Direct Current (HVDC) Transmission Revenue, (US$, Mn), 2017-2028

Figure 13. Canada High Voltage Direct Current (HVDC) Transmission Revenue, (US$, Mn), 2017-2028

Figure 14. Mexico High Voltage Direct Current (HVDC) Transmission Revenue, (US$, Mn), 2017-2028

Figure 15. By Country - Europe High Voltage Direct Current (HVDC) Transmission Revenue Market Share, 2017-2028

Figure 16. Germany High Voltage Direct Current (HVDC) Transmission Revenue, (US$, Mn), 2017-2028

Figure 17. France High Voltage Direct Current (HVDC) Transmission Revenue, (US$, Mn), 2017-2028

Figure 18. U.K. High Voltage Direct Current (HVDC) Transmission Revenue, (US$, Mn), 2017-2028

Figure 19. Italy High Voltage Direct Current (HVDC) Transmission Revenue, (US$, Mn), 2017-2028

Figure 20. Russia High Voltage Direct Current (HVDC) Transmission Revenue, (US$, Mn), 2017-2028

Figure 21. Nordic Countries High Voltage Direct Current (HVDC) Transmission Revenue, (US$, Mn), 2017-2028

Figure 22. Benelux High Voltage Direct Current (HVDC) Transmission Revenue, (US$, Mn), 2017-2028

Figure 23. By Region - Asia High Voltage Direct Current (HVDC) Transmission Revenue Market Share, 2017-2028

Figure 24. China High Voltage Direct Current (HVDC) Transmission Revenue, (US$, Mn), 2017-2028

Figure 25. Japan High Voltage Direct Current (HVDC) Transmission Revenue, (US$, Mn), 2017-2028

Figure 26. South Korea High Voltage Direct Current (HVDC) Transmission Revenue, (US$, Mn), 2017-2028

Figure 27. Southeast Asia High Voltage Direct Current (HVDC) Transmission Revenue, (US$, Mn), 2017-2028

Figure 28. India High Voltage Direct Current (HVDC) Transmission Revenue, (US$, Mn), 2017-2028

Figure 29. By Country - South America High Voltage Direct Current (HVDC) Transmission Revenue Market Share, 2017-2028

Figure 30. Brazil High Voltage Direct Current (HVDC) Transmission Revenue, (US$, Mn), 2017-2028

Figure 31. Argentina High Voltage Direct Current (HVDC) Transmission Revenue, (US$, Mn), 2017-2028

Figure 32. By Country - Middle East & Africa High Voltage Direct Current (HVDC) Transmission Revenue Market Share, 2017-2028

Figure 33. Turkey High Voltage Direct Current (HVDC) Transmission Revenue, (US$, Mn), 2017-2028

Figure 34. Israel High Voltage Direct Current (HVDC) Transmission Revenue, (US$, Mn), 2017-2028

Figure 35. Saudi Arabia High Voltage Direct Current (HVDC) Transmission Revenue, (US$, Mn), 2017-2028

Figure 36. UAE High Voltage Direct Current (HVDC) Transmission Revenue, (US$, Mn), 2017-2028

Figure 37. Hitachi ABB Power Grids High Voltage Direct Current (HVDC) Transmission Revenue Year Over Year Growth (US$, Mn) & (2017-2022)

Figure 38. Siemens High Voltage Direct Current (HVDC) Transmission Revenue Year Over Year Growth (US$, Mn) & (2017-2022)

Figure 39. Prysmian Group High Voltage Direct Current (HVDC) Transmission Revenue Year Over Year Growth (US$, Mn) & (2017-2022)

Figure 40. XD Group High Voltage Direct Current (HVDC) Transmission Revenue Year Over Year Growth (US$, Mn) & (2017-2022)

Figure 41. GE Grid Solution High Voltage Direct Current (HVDC) Transmission Revenue Year Over Year Growth (US$, Mn) & (2017-2022)

Figure 42. TBEA High Voltage Direct Current (HVDC) Transmission Revenue Year Over Year Growth (US$, Mn) & (2017-2022)

Figure 43. Xuji Group High Voltage Direct Current (HVDC) Transmission Revenue Year Over Year Growth (US$, Mn) & (2017-2022)

Figure 44. Nexans High Voltage Direct Current (HVDC) Transmission Revenue Year Over Year Growth (US$, Mn) & (2017-2022)

Figure 45. NKT High Voltage Direct Current (HVDC) Transmission Revenue Year Over Year Growth (US$, Mn) & (2017-2022)

Figure 46. Toshiba Energy Systems & Solutions High Voltage Direct Current (HVDC) Transmission Revenue Year Over Year Growth (US$, Mn) & (2017-2022)

Figure 47. Mitsubishi Electric High Voltage Direct Current (HVDC) Transmission Revenue Year Over Year Growth (US$, Mn) & (2017-2022)

Figure 48. NR Electric High Voltage Direct Current (HVDC) Transmission Revenue Year Over Year Growth (US$, Mn) & (2017-2022)

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)