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

China High-Voltage Direct Current (HVDC) Transmission Systems Market is segmented by Transmission Type (Submarine HVDC Transmission System, HVDC Overhead Transmission System, and HVDC Underground Transmission System) and Component (Converter Stations and Transmission Medium (Cables)).

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

China High-Voltage Direct Current Transmission Systems Market Size

China 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 6.00 %
Market Concentration High

Major Players

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

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of China High-Voltage Direct Current (HVDC) Transmission Systems Market with other markets in Energy & Power Industry

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China High-Voltage Direct Current Transmission Systems Market Analysis

The China High-Voltage Direct Current Transmission Systems Market is expected to register a CAGR of greater than 6% during the forecast period.

  • The overhead transmission system type is expected to witness significant growth during the forecast period.
  • The ambitious offshore wind projects in various provinces, such as Guangdong, plan to build 30 GW by 2030, followed by Jiangsu (15 GW), Zhejiang (6.5 GW), and Fujian (5 GW). The offshore wind development plans are expected to provide immense opportunities for the market players in the coming years.
  • Increasing penetration of renewable energy sources is likely to drive the Chinese high-voltage direct current (HVDC) transmission systems market.

China High-Voltage Direct Current Transmission Systems Industry Overview

The Chinese high-voltage direct current (HVDC) transmission systems market is consolidated. The key players in the market include The State Grid Corporation of China (SGCC), Siemens Energy AG, General Electric Company, ABB Ltd, and Hitachi Energy Ltd.

China High-Voltage Direct Current Transmission Systems Market Leaders

  1. The State Grid Corporation of China (SGCC)

  2. ABB Ltd

  3. Hitachi Energy Ltd.

  4. Siemens Energy AG

  5. General Electric Company

  6. *Disclaimer: Major Players sorted in no particular order
Market Concentration - China High-Voltage Direct Current (HVDC) Transmission Systems Market.PNG
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China High-Voltage Direct Current Transmission Systems Market News

  • In March 2021, Mersen announced the signing of an order worth more than EUR 2 million with China's RongXin HuiKo Electric(RXHK) for the Guangdong-Hong Kong-Macao Greater Bay Area power supply project. Mersen will supply nearly 28,000 cooling plates to protect the power modules integrated with two high voltage flexible HVDC converter stations.
  • In March 2021, Siemens Energy will install 22 units of distribution transformers at China's first commercial 66 kilovolts (kV) offshore wind farm, Yuhuan Offshore Wind Power Project Phase 1, located in Taizhou, Zhejiang Province, southeastern China.

China High-Voltage Direct Current Transmission Systems Market Report - Table of Contents

1. INTRODUCTION

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

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD million, 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 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 Transmission Type
    • 5.1.1 Submarine HVDC Transmission System
    • 5.1.2 HVDC Overhead Transmission System
    • 5.1.3 HVDC Underground Transmission System
  • 5.2 Component
    • 5.2.1 Converter Stations
    • 5.2.2 Transmission Medium (Cables)

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 The State Grid Corporation of China (SGCC)
    • 6.3.2 Siemens Energy AG
    • 6.3.3 General Electric Company
    • 6.3.4 ABB Ltd
    • 6.3.5 Hitachi Energy Ltd
    • 6.3.6 NR Electric Co. Ltd
    • 6.3.7 Toshiba Corporation
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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China High-Voltage Direct Current Transmission Systems Industry Segmentation

The Chinese high-voltage direct current (HVDC) transmission systems market report includes:

Transmission Type Submarine HVDC Transmission System
HVDC Overhead Transmission System
HVDC Underground Transmission System
Component Converter Stations
Transmission Medium (Cables)
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China High-Voltage Direct Current Transmission Systems Market Research FAQs

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

The China High-Voltage Direct Current (HVDC) Transmission Systems Market is projected to register a CAGR of greater than 6% during the forecast period (2025-2030)

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

The State Grid Corporation of China (SGCC), ABB Ltd, Hitachi Energy Ltd., Siemens Energy AG and General Electric Company are the major companies operating in the China High-Voltage Direct Current (HVDC) Transmission Systems Market.

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

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

China HVDC Transmission Systems Industry Report

Statistics for the 2025 China High-Voltage Direct Current (HVDC) Transmission Systems market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China 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.