HVDC Converter Transformers Market 2022: Industry Size, Emerging Trends, Growth Insights, Opportunities, and Forecast By 2028
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In the HVDC station, the converter transformer steps-up the generated AC voltages to the required level. The converter station takes the electric power from the three-phase AC network and rectifies it to DC, which is then transmitted through overhead lines (or cables).
This report aims to provide a comprehensive presentation of the global market for HVDC Converter Transformers study by Market Intellix gives insights concerning the market elements influencing the market, Market scope, Market division, and overlays shadow upon the leading market players featuring the positive cutthroat scene and patterns beating the years.
Global HVDC Converter Transformers Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global HVDC Converter Transformers Market Sales, 2017-2022, 2023-2028, (Units)
Global top five HVDC Converter Transformers companies in 2021 (%)
The global HVDC Converter Transformers market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % 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.
200kV Below Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of HVDC Converter Transformers include Hitachi, Siemens, GE, LS ELECTRIC, Bharat Heavy Electricals Limited, Baoding Tianwei Baobian Electric, TBEA, China XD Group and Shandong Electrical Engineering&Equipment Group. etc. In 2021, the global top five players have a share approximately % in terms of revenue.
The study provides the HVDC Converter Transformers manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Segmental Outline:
Global HVDC Converter Transformers Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global HVDC Converter Transformers Market Segment Percentages, by Type, 2021 (%)
200kV Below
201-500kV
501-800kV
801-1100kV
1101kV Above
Global HVDC Converter Transformers Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global HVDC Converter Transformers Market Segment Percentages, by Application, 2021 (%)
Hydropower Converter Station
Nuclear Power Converter Station
PV Converter Station
Wind Power Converter Station
Others
Global HVDC Converter Transformers Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global HVDC Converter Transformers 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 HVDC Converter Transformers revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies HVDC Converter Transformers revenues share in global market, 2021 (%)
Key companies HVDC Converter Transformers sales in global market, 2017-2022 (Estimated), (Units)
Key companies HVDC Converter Transformers sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Hitachi
Siemens
GE
LS ELECTRIC
Bharat Heavy Electricals Limited
Baoding Tianwei Baobian Electric
TBEA
China XD Group
Shandong Electrical Engineering&Equipment Group
This Report Addresses:
– Market Intelligence enables effective decision-making
– Market estimates and forecasts from 2022 to 2028
– Growth opportunities and trend analysis
– Segment and regional revenue forecast for market evaluation
– Competitive strategy and analysis of market segments
– List of product innovations to stay on top.
– The impact of COVID-19 and how to survive in these fast-growing markets.
1 Introduction to Research & Analysis Reports
1.1 HVDC Converter Transformers Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global HVDC Converter Transformers 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 HVDC Converter Transformers Overall Market Size
2.1 Global HVDC Converter Transformers Market Size: 2021 VS 2028
2.2 Global HVDC Converter Transformers Revenue, Prospects & Forecasts: 2017-2028
2.3 Global HVDC Converter Transformers Sales: 2017-2028
3 Company Landscape
3.1 Top HVDC Converter Transformers Players in Global Market
3.2 Top Global HVDC Converter Transformers Companies Ranked by Revenue
3.3 Global HVDC Converter Transformers Revenue by Companies
3.4 Global HVDC Converter Transformers Sales by Companies
3.5 Global HVDC Converter Transformers Price by Manufacturer (2017-2022)
3.6 Top 3 and Top 5 HVDC Converter Transformers Companies in Global Market, by Revenue in 2021
3.7 Global Manufacturers HVDC Converter Transformers Product Type
3.8 Tier 1, Tier 2 and Tier 3 HVDC Converter Transformers Players in Global Market
3.8.1 List of Global Tier 1 HVDC Converter Transformers Companies
3.8.2 List of Global Tier 2 and Tier 3 HVDC Converter Transformers Companies
4 Sights by Product
4.1 Overview
4.1.1 By Type - Global HVDC Converter Transformers Market Size Markets, 2021 & 2028
4.1.2 200kV Below
4.1.3 201-500kV
4.1.4 501-800kV
4.1.5 801-1100kV
4.1.6 1101kV Above
4.2 By Type - Global HVDC Converter Transformers Revenue & Forecasts
4.2.1 By Type - Global HVDC Converter Transformers Revenue, 2017-2022
4.2.2 By Type - Global HVDC Converter Transformers Revenue, 2023-2028
4.2.3 By Type - Global HVDC Converter Transformers Revenue Market Share, 2017-2028
4.3 By Type - Global HVDC Converter Transformers Sales & Forecasts
4.3.1 By Type - Global HVDC Converter Transformers Sales, 2017-2022
4.3.2 By Type - Global HVDC Converter Transformers Sales, 2023-2028
4.3.3 By Type - Global HVDC Converter Transformers Sales Market Share, 2017-2028
4.4 By Type - Global HVDC Converter Transformers Price (Manufacturers Selling Prices), 2017-2028
5 Sights By Application
5.1 Overview
5.1.1 By Application - Global HVDC Converter Transformers Market Size, 2021 & 2028
5.1.2 Hydropower Converter Station
5.1.3 Nuclear Power Converter Station
5.1.4 PV Converter Station
5.1.5 Wind Power Converter Station
5.1.6 Others
5.2 By Application - Global HVDC Converter Transformers Revenue & Forecasts
5.2.1 By Application - Global HVDC Converter Transformers Revenue, 2017-2022
5.2.2 By Application - Global HVDC Converter Transformers Revenue, 2023-2028
5.2.3 By Application - Global HVDC Converter Transformers Revenue Market Share, 2017-2028
5.3 By Application - Global HVDC Converter Transformers Sales & Forecasts
5.3.1 By Application - Global HVDC Converter Transformers Sales, 2017-2022
5.3.2 By Application - Global HVDC Converter Transformers Sales, 2023-2028
5.3.3 By Application - Global HVDC Converter Transformers Sales Market Share, 2017-2028
5.4 By Application - Global HVDC Converter Transformers Price (Manufacturers Selling Prices), 2017-2028
6 Sights by Region
6.1 By Region - Global HVDC Converter Transformers Market Size, 2021 & 2028
6.2 By Region - Global HVDC Converter Transformers Revenue & Forecasts
6.2.1 By Region - Global HVDC Converter Transformers Revenue, 2017-2022
6.2.2 By Region - Global HVDC Converter Transformers Revenue, 2023-2028
6.2.3 By Region - Global HVDC Converter Transformers Revenue Market Share, 2017-2028
6.3 By Region - Global HVDC Converter Transformers Sales & Forecasts
6.3.1 By Region - Global HVDC Converter Transformers Sales, 2017-2022
6.3.2 By Region - Global HVDC Converter Transformers Sales, 2023-2028
6.3.3 By Region - Global HVDC Converter Transformers Sales Market Share, 2017-2028
6.4 North America
6.4.1 By Country - North America HVDC Converter Transformers Revenue, 2017-2028
6.4.2 By Country - North America HVDC Converter Transformers Sales, 2017-2028
6.4.3 US HVDC Converter Transformers Market Size, 2017-2028
6.4.4 Canada HVDC Converter Transformers Market Size, 2017-2028
6.4.5 Mexico HVDC Converter Transformers Market Size, 2017-2028
6.5 Europe
6.5.1 By Country - Europe HVDC Converter Transformers Revenue, 2017-2028
6.5.2 By Country - Europe HVDC Converter Transformers Sales, 2017-2028
6.5.3 Germany HVDC Converter Transformers Market Size, 2017-2028
6.5.4 France HVDC Converter Transformers Market Size, 2017-2028
6.5.5 U.K. HVDC Converter Transformers Market Size, 2017-2028
6.5.6 Italy HVDC Converter Transformers Market Size, 2017-2028
6.5.7 Russia HVDC Converter Transformers Market Size, 2017-2028
6.5.8 Nordic Countries HVDC Converter Transformers Market Size, 2017-2028
6.5.9 Benelux HVDC Converter Transformers Market Size, 2017-2028
6.6 Asia
6.6.1 By Region - Asia HVDC Converter Transformers Revenue, 2017-2028
6.6.2 By Region - Asia HVDC Converter Transformers Sales, 2017-2028
6.6.3 China HVDC Converter Transformers Market Size, 2017-2028
6.6.4 Japan HVDC Converter Transformers Market Size, 2017-2028
6.6.5 South Korea HVDC Converter Transformers Market Size, 2017-2028
6.6.6 Southeast Asia HVDC Converter Transformers Market Size, 2017-2028
6.6.7 India HVDC Converter Transformers Market Size, 2017-2028
6.7 South America
6.7.1 By Country - South America HVDC Converter Transformers Revenue, 2017-2028
6.7.2 By Country - South America HVDC Converter Transformers Sales, 2017-2028
6.7.3 Brazil HVDC Converter Transformers Market Size, 2017-2028
6.7.4 Argentina HVDC Converter Transformers Market Size, 2017-2028
6.8 Middle East & Africa
6.8.1 By Country - Middle East & Africa HVDC Converter Transformers Revenue, 2017-2028
6.8.2 By Country - Middle East & Africa HVDC Converter Transformers Sales, 2017-2028
6.8.3 Turkey HVDC Converter Transformers Market Size, 2017-2028
6.8.4 Israel HVDC Converter Transformers Market Size, 2017-2028
6.8.5 Saudi Arabia HVDC Converter Transformers Market Size, 2017-2028
6.8.6 UAE HVDC Converter Transformers Market Size, 2017-2028
7 Manufacturers & Brands Profiles
7.1 Hitachi
7.1.1 Hitachi Corporate Summary
7.1.2 Hitachi Business Overview
7.1.3 Hitachi HVDC Converter Transformers Major Product Offerings
7.1.4 Hitachi HVDC Converter Transformers Sales and Revenue in Global (2017-2022)
7.1.5 Hitachi Key News
7.2 Siemens
7.2.1 Siemens Corporate Summary
7.2.2 Siemens Business Overview
7.2.3 Siemens HVDC Converter Transformers Major Product Offerings
7.2.4 Siemens HVDC Converter Transformers Sales and Revenue in Global (2017-2022)
7.2.5 Siemens Key News
7.3 GE
7.3.1 GE Corporate Summary
7.3.2 GE Business Overview
7.3.3 GE HVDC Converter Transformers Major Product Offerings
7.3.4 GE HVDC Converter Transformers Sales and Revenue in Global (2017-2022)
7.3.5 GE Key News
7.4 LS ELECTRIC
7.4.1 LS ELECTRIC Corporate Summary
7.4.2 LS ELECTRIC Business Overview
7.4.3 LS ELECTRIC HVDC Converter Transformers Major Product Offerings
7.4.4 LS ELECTRIC HVDC Converter Transformers Sales and Revenue in Global (2017-2022)
7.4.5 LS ELECTRIC Key News
7.5 Bharat Heavy Electricals Limited
7.5.1 Bharat Heavy Electricals Limited Corporate Summary
7.5.2 Bharat Heavy Electricals Limited Business Overview
7.5.3 Bharat Heavy Electricals Limited HVDC Converter Transformers Major Product Offerings
7.5.4 Bharat Heavy Electricals Limited HVDC Converter Transformers Sales and Revenue in Global (2017-2022)
7.5.5 Bharat Heavy Electricals Limited Key News
7.6 Baoding Tianwei Baobian Electric
7.6.1 Baoding Tianwei Baobian Electric Corporate Summary
7.6.2 Baoding Tianwei Baobian Electric Business Overview
7.6.3 Baoding Tianwei Baobian Electric HVDC Converter Transformers Major Product Offerings
7.6.4 Baoding Tianwei Baobian Electric HVDC Converter Transformers Sales and Revenue in Global (2017-2022)
7.6.5 Baoding Tianwei Baobian Electric Key News
7.7 TBEA
7.7.1 TBEA Corporate Summary
7.7.2 TBEA Business Overview
7.7.3 TBEA HVDC Converter Transformers Major Product Offerings
7.7.4 TBEA HVDC Converter Transformers Sales and Revenue in Global (2017-2022)
7.7.5 TBEA Key News
7.8 China XD Group
7.8.1 China XD Group Corporate Summary
7.8.2 China XD Group Business Overview
7.8.3 China XD Group HVDC Converter Transformers Major Product Offerings
7.8.4 China XD Group HVDC Converter Transformers Sales and Revenue in Global (2017-2022)
7.8.5 China XD Group Key News
7.9 Shandong Electrical Engineering&Equipment Group
7.9.1 Shandong Electrical Engineering&Equipment Group Corporate Summary
7.9.2 Shandong Electrical Engineering&Equipment Group Business Overview
7.9.3 Shandong Electrical Engineering&Equipment Group HVDC Converter Transformers Major Product Offerings
7.9.4 Shandong Electrical Engineering&Equipment Group HVDC Converter Transformers Sales and Revenue in Global (2017-2022)
7.9.5 Shandong Electrical Engineering&Equipment Group Key News
8 Global HVDC Converter Transformers Production Capacity, Analysis
8.1 Global HVDC Converter Transformers Production Capacity, 2017-2028
8.2 HVDC Converter Transformers Production Capacity of Key Manufacturers in Global Market
8.3 Global HVDC Converter Transformers Production by Region
9 Key Market Trends, Opportunity, Drivers and Restraints
9.1 Market Opportunities & Trends
9.2 Market Drivers
9.3 Market Restraints
10 HVDC Converter Transformers Supply Chain Analysis
10.1 HVDC Converter Transformers Industry Value Chain
10.2 HVDC Converter Transformers Upstream Market
10.3 HVDC Converter Transformers Downstream and Clients
10.4 Marketing Channels Analysis
10.4.1 Marketing Channels
10.4.2 HVDC Converter Transformers Distributors and Sales Agents in Global
11 Conclusion
12 Appendix
12.1 Note
12.2 Examples of Clients
12.3 Disclaimer
Research Methodology:
HVDC Converter Transformers Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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