This report covers the European market analysis of both HVDC technologies including Line Commutated Converter (LCC) and Voltage Source Converter (VSC) used in the power grid industry.
The report comprises of following components:
Market analysis of Europe's HVDC market for both HVDC LCC and VSC, including market size in terms of capacity additions (MW) and key trends.
Market analysis of key markets in Europe including the UK, Germany, Italy, the Netherlands, and France for HVDC LCC and VSC, including capacity additions (MW) and market trends.
Market Sizing of Europe's HVDC market for both LCC and VSC from 2023 to 2030 in terms of capacity additions (MW).
Company Profiles: Information on company profiles of top suppliers, their offered products, and recent developments are included in the report to get a holistic view of the companies.
Competitive Analysis: Split of OEM's market share for the last 5 years (2019 to 2023) in the European market has been reported in this section. These market shares are further segmented into sub-technologies of HVDC (LCC & VSC).
Key Market Trends: Key technology trends and drivers for market growth are included in this report.
Executive Summary:
The HVDC technology landscape is experiencing rapid evolution in Europe. HVDC-VSC is projected to maintain its dominance in the European market, driven by the growing demand for offshore wind development and cross-border electricity interconnection. HVDC-LCC will continue to address specific requirements in select regions.
Key markets for HVDC-VSC technology include the United Kingdom, France, and Germany, positioning these countries as leaders in Europe. The year 2025 is anticipated to witness peak demand for HVDC-VSC technology, with a significant focus on offshore wind expansion in the German and Dutch North Sea regions. This growth underscores the pivotal role of HVDC technology in facilitating efficient electricity trade and supporting renewable energy initiatives in the evolving energy landscape. The Government initiatives promoting clean energy and advancements in HVDC technology further contribute to the market expansion.
Countries Covered:
UK
Germany
Italy
Netherlands
France
Rest of Europe
Technologies Mentioned:
1. Line Commutated Converter (LCC)
2. Voltage Source Converter (VSC)
Companies Mentioned:
GE Vernova
Hitachi Energy
Siemens Energy
Reasons to Purchase:
The report offers a comprehensive overview of the HVDC (both LCC and VSC) market in Europe. It includes a demand forecast for HVDC converters and provides key insights into the market trends. Plus, the market shares of the key HVDC converter OEMs in the region are included to capture market competition. This report aims to help executives and decision-makers of HVDC converter OEMs make strategic investments in the European HVDC market.
Who Should Buy the Report:
1. Marketing Manager
2. Director of Marketing
3. Head of Marketing
4. VP of Marketing
5. Strategic Marketing Director
6. Head of Strategic Marketing
7. Head of Market Intelligence
8. Manager Business Intelligence
9. Strategy Development
10. Director, Strategy Development
11. Commercial Analyst
12. Market Analyst
13. Marketing Analyst
14. Head of Sales
15. Director of Sales
16. Sales Manager
Research Methodology:
The information contained in the report has been gathered through authentic online sources used for secondary research and PTR's HVDC market forecast model. It has been verified through interviews with industry professionals conducted as part of primary research.
Table of Contents
1. Executive Summary
I. Qualitative Analysis
II. Quantitative Analysis
2. Overview
I. Technology Covered (Definitions of the Technology)
II. Scope of the Report
3. Europe HVDC-LCC Market Outlook
I. Market Size of the LCC in Europe (The base year 2023, Scenario-based forecast 2024 to 2030)
II. LCC Market Analysis & Key Insights in Europe
III. Key Drivers, Regulations, and Policies
4. Europe HVDC-VSC Market Outlook
I. Market Size of the VSC in Europe (The base year 2023, Scenario-based forecast 2024 to 2030)
II. VSC Market Analysis & Key Insights in Europe
III. Key Drivers, Regulations, and Policies
5. Company Profiles of Suppliers
I. Introduction
II. Recent Developments
III. Product Portfolio
6. Competitive Analysis
I. Market Shares (2019-2023)
a. Market Shares of LCC in Europe
b. Market Shares of VSC in Europe
List of tables and figures
Europe LCC Annual Market Size - Capacity Additions
Europe VSC Annual Market Size - Capacity Additions