Asia Pacific High Voltage Direct Current (HVDC) Transmission Systems Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Asia-Pacific High Voltage Direct Current (HVDC) Transmission Systems Market is Segmented by Component Type (Converter Stations, Transmission Medium (Cables)), Application (Overhead, Underground, and Underwater/Submarine), and Geography (India, China, Japan, ASEAN Countries, and Rest of Asia-Pacific).

Asia Pacific High Voltage Direct Current (HVDC) Transmission Systems Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

APAC HVDC Transmission Systems Market Size

Asia-Pacific High Voltage Direct Current (HVDC) Transmission Systems Market- Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 4.50 %
Market Concentration Medium

Major Players

Asia-Pacific High-Voltage Direct Current (HVDC) Transmission Systems Market Major Players

*Disclaimer: Major Players sorted in no particular order

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APAC HVDC Transmission Systems Market Analysis

The Asia-Pacific High-Voltage Direct Current Transmission Systems Market is expected to register a CAGR of greater than 4.5% during the forecast period.

  • The underwater segment is expected to witness significant growth in the future due to various upcoming HVDC submarine projects queued up in the region.
  • The increasing power demand from developing countries like China and India is likely to have a catalytic effect on the market in the future. In 2020, the electricity consumption in China was around 7,510 TWh, the highest globally.
  • China is expected to dominate the market during the forecast period due to the country's constantly growing power transmission network.

APAC HVDC Transmission Systems Industry Overview

The Asia-Pacific high voltage direct current (HVDC) transmission systems market is moderately fragmented. Some of the key players include Hitachi Energy India Ltd, Bharat Heavy Electricals Ltd, General Electric Company, Siemens Energy AG, and Mitsubishi Electric Corporation.

APAC HVDC Transmission Systems Market Leaders

  1. Bharat Heavy Electricals Limited

  2. General Electric Company

  3. Siemens Energy AG

  4. Mitsubishi Electric Corporation

  5. Hitachi Energy India Ltd

  6. *Disclaimer: Major Players sorted in no particular order
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APAC HVDC Transmission Systems Market News

  • In March 2021, the India-based Adani Transmission Ltd declared that it received a statutory license from the Maharashtra Electricity Regulatory Commission (MERC) to establish an HVDC link that will connect the outskirts of Mumbai to the company's distribution licensee area in Mumbai. The 80-km HVDC transmission line will transmit 1,000 MW of power from Kudus to Aarey in Mumbai. The project is expected to be completed in 2025.
  • In October 2021, Pakistan's government was felicitated for having the newly established ±660kV Matiari-Lahore high-voltage direct current (HVDC) transmission link in service under the China-Pakistan Economic Corridor (CPEC). It is likely to transmit 35 billion kilowatt-hours of power annually. The newly built transmission system is expected to reduce power wastage in the country and bring down electricity prices.

APAC HVDC Transmission Systems Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Component Type
    • 5.1.1 Converter Stations
    • 5.1.2 Transmission Medium (Cables)
  • 5.2 Application
    • 5.2.1 Overhead
    • 5.2.2 Underground
    • 5.2.3 Underwater/Submarine
  • 5.3 Geography
    • 5.3.1 India
    • 5.3.2 China
    • 5.3.3 Japan
    • 5.3.4 ASEAN Countries
    • 5.3.5 Rest of Asia-Pacific

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Hitachi Energy India Ltd
    • 6.3.2 Bharat Heavy Electricals Limited
    • 6.3.3 General Electric Company
    • 6.3.4 Siemens Energy AG
    • 6.3.5 Mitsubishi Electric Corporation
    • 6.3.6 Toshiba Corp.
    • 6.3.7 Adani Transmission Ltd
    • 6.3.8 Power Grid Corporation of India Ltd
    • 6.3.9 Tata Power Company Limited
    • 6.3.10 TAG Corporation
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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APAC HVDC Transmission Systems Industry Segmentation

The scope of the Asia-Pacific high voltage direct current (HVDC) transmission systems market report includes:

Component Type Converter Stations
Transmission Medium (Cables)
Application Overhead
Underground
Underwater/Submarine
Geography India
China
Japan
ASEAN Countries
Rest of Asia-Pacific
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APAC HVDC Transmission Systems Market Research FAQs

What is the current Asia-Pacific High-Voltage Direct Current (HVDC) Transmission Systems Market size?

The Asia-Pacific High-Voltage Direct Current (HVDC) Transmission Systems Market is projected to register a CAGR of greater than 4.5% during the forecast period (2025-2030)

Who are the key players in Asia-Pacific High-Voltage Direct Current (HVDC) Transmission Systems Market?

Bharat Heavy Electricals Limited, General Electric Company, Siemens Energy AG, Mitsubishi Electric Corporation and Hitachi Energy India Ltd are the major companies operating in the Asia-Pacific High-Voltage Direct Current (HVDC) Transmission Systems Market.

What years does this Asia-Pacific High-Voltage Direct Current (HVDC) Transmission Systems Market cover?

The report covers the Asia-Pacific High-Voltage Direct Current (HVDC) Transmission Systems Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Asia-Pacific High-Voltage Direct Current (HVDC) Transmission Systems Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Asia-Pacific High-Voltage Direct Current (HVDC) Transmission Systems Industry Report

Statistics for the 2025 Asia-Pacific High-Voltage Direct Current (HVDC) Transmission Systems market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific High-Voltage Direct Current (HVDC) Transmission Systems analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.