High Voltage Direct Current (hvdc) Transmission Systems Market in UK 2024-2028

Description

List of Tables

The high voltage direct current (HVDC) transmission systems market in UK is forecasted to grow by USD 393.4 mn during 2023-2028, accelerating at a CAGR of 8.09% 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 growing demand for power.

Technavio's high voltage direct current (HVDC) transmission systems market in UK is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	7.32%
CAGR	8.09%
Incremental Value	$393.4 mn

By Component

Converter stations
Transmission medium

By Type

Subsea transmission
Underground transmission
Overhead transmission

By Geographical Landscape

Europe

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 in UK sizing
High voltage direct current (HVDC) transmission systems market in UK forecast
High voltage direct current (HVDC) transmission systems market in UK industry analysis

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.

Product Code: IRTNTR72290

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Country Market Characteristics
- Executive Summary - Chart on Market Segmentation by Component
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ million)
- Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Chart on UK: Year-over-year growth 2023-2028 (%)
- Data Table on UK: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 High Voltage Direct Current (HVDC) Transmission Systems Market in UK 2018 - 2022
- Historic Market Size - Data Table on High Voltage Direct Current (HVDC) Transmission Systems Market in UK 2018 - 2022 ($ million)
4.2 Component segment analysis 2018 - 2022
- Historic Market Size - Component Segment 2018 - 2022 ($ million)
4.3 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Component

6.1 Market segments
- Chart on Component - Market share 2023-2028 (%)
- Data Table on Component - Market share 2023-2028 (%)
6.2 Comparison by Component
- Chart on Comparison by Component
- Data Table on Comparison by Component
6.3 Converter stations - Market size and forecast 2023-2028
- Chart on Converter stations - Market size and forecast 2023-2028 ($ million)
- Data Table on Converter stations - Market size and forecast 2023-2028 ($ million)
- Chart on Converter stations - Year-over-year growth 2023-2028 (%)
- Data Table on Converter stations - Year-over-year growth 2023-2028 (%)
6.4 Transmission medium - Market size and forecast 2023-2028
- Chart on Transmission medium - Market size and forecast 2023-2028 ($ million)
- Data Table on Transmission medium - Market size and forecast 2023-2028 ($ million)
- Chart on Transmission medium - Year-over-year growth 2023-2028 (%)
- Data Table on Transmission medium - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Component
- Market opportunity by Component ($ million)
- Data Table on Market opportunity by Component ($ million)

7 Market Segmentation by Type

7.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
7.3 Subsea transmission - Market size and forecast 2023-2028
- Chart on Subsea transmission - Market size and forecast 2023-2028 ($ million)
- Data Table on Subsea transmission - Market size and forecast 2023-2028 ($ million)
- Chart on Subsea transmission - Year-over-year growth 2023-2028 (%)
- Data Table on Subsea transmission - Year-over-year growth 2023-2028 (%)
7.4 Underground transmission - Market size and forecast 2023-2028
- Chart on Underground transmission - Market size and forecast 2023-2028 ($ million)
- Data Table on Underground transmission - Market size and forecast 2023-2028 ($ million)
- Chart on Underground transmission - Year-over-year growth 2023-2028 (%)
- Data Table on Underground transmission - Year-over-year growth 2023-2028 (%)
7.5 Overhead transmission - Market size and forecast 2023-2028
- Chart on Overhead transmission - Market size and forecast 2023-2028 ($ million)
- Data Table on Overhead transmission - Market size and forecast 2023-2028 ($ million)
- Chart on Overhead transmission - Year-over-year growth 2023-2028 (%)
- Data Table on Overhead transmission - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Opportunity/Restraints

9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints

10 Competitive Landscape

10.1 Overview
10.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
- Overview on factors of disruption
10.4 Industry risks
- Impact of key risks on business

11 Competitive Analysis

11.1 Companies profiled
- Companies covered
11.2 Market positioning of companies
- Matrix on companies position and classification
11.3 ABB Ltd.
- ABB Ltd. - Overview
- ABB Ltd. - Business segments
- ABB Ltd. - Key news
- ABB Ltd. - Key offerings
- ABB Ltd. - Segment focus
11.4 Aquind Ltd.
- Aquind Ltd. - Overview
- Aquind Ltd. - Product / Service
- Aquind Ltd. - Key offerings
11.5 EirGrid Plc
- EirGrid Plc - Overview
- EirGrid Plc - Product / Service
- EirGrid Plc - Key offerings
11.6 General Electric Co.
- General Electric Co. - Overview
- General Electric Co. - Business segments
- General Electric Co. - Key news
- General Electric Co. - Key offerings
- General Electric Co. - Segment focus
11.7 Hitachi Ltd.
- Hitachi Ltd. - Overview
- Hitachi Ltd. - Business segments
- Hitachi Ltd. - Key news
- Hitachi Ltd. - Key offerings
- Hitachi Ltd. - Segment focus
11.8 Mitsubishi Electric Corp.
- Mitsubishi Electric Corp. - Overview
- Mitsubishi Electric Corp. - Business segments
- Mitsubishi Electric Corp. - Key news
- Mitsubishi Electric Corp. - Key offerings
- Mitsubishi Electric Corp. - Segment focus
11.9 National Grid plc
- National Grid plc - Overview
- National Grid plc - Business segments
- National Grid plc - Key offerings
- National Grid plc - Segment focus
11.10 NR Electric Co. Ltd.
- NR Electric Co. Ltd. - Overview
- NR Electric Co. Ltd. - Product / Service
- NR Electric Co. Ltd. - Key offerings
11.11 Prysmian Spa
- Prysmian Spa - Overview
- Prysmian Spa - Business segments
- Prysmian Spa - Key news
- Prysmian Spa - Key offerings
- Prysmian Spa - Segment focus
11.12 Rochling SE and Co. KG
- Rochling SE and Co. KG - Overview
- Rochling SE and Co. KG - Product / Service
- Rochling SE and Co. KG - Key offerings
11.13 Rongxin Power Ltd.
- Rongxin Power Ltd. - Overview
- Rongxin Power Ltd. - Product / Service
- Rongxin Power Ltd. - Key offerings
11.14 Roxtec International AB
- Roxtec International AB - Overview
- Roxtec International AB - Key offerings
11.15 Siemens AG
- Siemens AG - Overview
- Siemens AG - Business segments
- Siemens AG - Key news
- Siemens AG - Key offerings
- Siemens AG - Segment focus
11.16 Sumitomo Electric Industries Ltd.
- Sumitomo Electric Industries Ltd. - Overview
- Sumitomo Electric Industries Ltd. - Business segments
- Sumitomo Electric Industries Ltd. - Key news
- Sumitomo Electric Industries Ltd. - Key offerings
- Sumitomo Electric Industries Ltd. - Segment focus
11.17 Toshiba Corp.
- Toshiba Corp. - Overview
- Toshiba Corp. - Business segments
- Toshiba Corp. - Key news
- Toshiba Corp. - Key offerings
- Toshiba Corp. - Segment focus

12 Appendix

12.1 Scope of the report
12.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
12.3 Currency conversion rates for US$
- Currency conversion rates for US$
12.4 Research methodology
- Research methodology
12.5 Data procurement
- Information sources
12.6 Data validation
- Data validation
12.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
12.8 Data synthesis
- Data synthesis
12.9 360 degree market analysis
- 360 degree market analysis
12.10 List of abbreviations
- List of abbreviations