Market Size of Germany High-Voltage Direct Current (HVDC) Transmission Systems Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 10.00 % |
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*Disclaimer: Major Players sorted in no particular order |
Germany HVDC Transmission System Market Analysis
The German High-Voltage Direct Current (HVDC) Transmission Systems market is expected to record a CAGR of 10.05% during the forecast period.
The COVID-19 pandemic negatively impacted the market in 2020. However, the market has now reached pre-pandemic levels.
The increasing demand for cost-effective solutions for long-distance power transmission, ease in controlling the active power link, the possibility of bulk power transmission, and low loss in transfer of power (over HVAC) are some of the significant factors that drive the growth of the market studied during the forecast period.
However, the growing demand for distributed and remote power plants that provide electricity in rural areas without significant transmission and distribution infrastructure is expected to hinder the growth of the HVDC transmission systems market during the forecast period.
Nevertheless, technological advancement in HVDC transmission systems is expected to help mitigate operational issues with wind and solar-based electricity transmission systems, as the phase difference does not matter in the HVDC transmission line. While conventional HVAC does not work on this principle, it requires transformers to match the phase generated from a different source. Hence, this is expected to provide a better opportunity for the growth of the HVDC transmission system market in the country.
Germany HVDC Transmission System Industry Segmentation
A high-voltage direct current (HVDC) electric power transmission system uses direct current (DC) for electric power transmission, in contrast with the more common alternating current (AC) transmission systems.
The German high-voltage direct current (HVDC) transmission system market is segmented by transmission type and component. By transmission type, the market is segmented by the submarine HVDC transmission system, HVDC overhead transmission system, and HVDC underground transmission system. By component type, the market is segmented by converter stations and a transmission medium (cables). For each segment, the installed capacity and forecasts have been done based on revenue (USD billion).
| By Transmission Type | |
| Submarine HVDC Transmission System | |
| HVDC Overhead Transmission System | |
| HVDC Underground Transmission System |
| By Component | |
| Converter Stations | |
| Transmission Medium (Cables) |
Germany High-Voltage Direct Current (HVDC) Transmission Systems Market Size Summary
The German High-Voltage Direct Current (HVDC) transmission systems market is poised for significant growth, driven by the increasing demand for efficient long-distance power transmission solutions. The market has rebounded to pre-pandemic levels after the initial setbacks caused by COVID-19. Key factors propelling this growth include the advantages of HVDC over traditional HVAC systems, such as lower power loss during transmission and the ability to control active power links more easily. These systems are particularly beneficial for offshore wind farms and interconnections with neighboring countries, where they can transmit large amounts of power with minimal losses. The German government's push for renewable energy integration and the need to connect wind-rich regions to urban centers further bolster the market's expansion prospects.
Despite the promising growth trajectory, the HVDC market faces challenges from the rising demand for distributed power solutions, especially in rural areas. However, technological advancements in HVDC systems are expected to address operational challenges associated with renewable energy sources like wind and solar. The market is also supported by significant projects, such as the NeuConnect Interconnector and the BorWin6 project, which highlight the increasing importance of submarine transmission systems. These developments, along with the refurbishment of aging infrastructure and the need for new installations to accommodate renewable energy growth, are set to drive the demand for HVDC systems in Germany. Key industry players, including ABB Ltd, Siemens AG, and Mitsubishi Electric Corporation, are actively involved in this evolving market landscape.
Germany High-Voltage Direct Current (HVDC) Transmission Systems Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, until 2027
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1.3 Recent Trends and Developments
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1.4 Goverment Policies and Regulation
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 By Transmission Type
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2.1.1 Submarine HVDC Transmission System
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2.1.2 HVDC Overhead Transmission System
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2.1.3 HVDC Underground Transmission System
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2.2 By Component
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2.2.1 Converter Stations
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2.2.2 Transmission Medium (Cables)
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Germany High-Voltage Direct Current (HVDC) Transmission Systems Market Size FAQs
What is the current Germany High-Voltage Direct Current (HVDC) Transmission Systems Market size?
The Germany High-Voltage Direct Current (HVDC) Transmission Systems Market is projected to register a CAGR of greater than 10% during the forecast period (2024-2029)
Who are the key players in Germany High-Voltage Direct Current (HVDC) Transmission Systems Market?
ABB Ltd. , Siemens AG , General Electric Company , Toshiba Corporation and Mitsubishi Electric Corporation are the major companies operating in the Germany High-Voltage Direct Current (HVDC) Transmission Systems Market.
