The Europe High Voltage Direct Current Power Supply Market would witness market growth of 6.4% CAGR during the forecast period (2022-2028).
High power Insulated Gate Bipolar Transistors (IGBT), which have led to a reduction in the size of the HVDC power supply system and significant financial gains, have also advanced the industry. The HVDC power supply, which improves the reliability of an electrical system, is the only practical option now available on the market that can be combined with renewable energy sources.
The growth of direct-drive wind turbines has been considerably encouraged by these products' efficient large-scale power transmission over extended distances, which supports the long-term viability of the existing energy infrastructure. The market is also growing due to the deployment of 5G technology, which will see modest growth in the coming years as 5G investment gradually increases globally. Major growth is most likely to occur around 2025.
The rising need for grid expansion has led to a growth in feed-in nodes, which in turn has increased the complexity of electric systems. As a result, the likelihood of partial or total blackouts—when the flow of power exceeds design parameters—is increased, raising the necessity for HVDC systems. The Global Wind Energy Council, PGCIL, and EUROPA are expected to develop beneficial public policies that will significantly promote the offshore wind sector's establishment, benefiting the market.
In this region, the use of HVDC lines has been rising exponentially. Transmission methods using underwater cables, such as the 720 km North Sea Link, the NorNed cable, the SAPEI cable in Italy, and the Baltic Cable between Germany and Sweden, are just a few examples of power transmission systems using HVDC. Additionally, the region is projected to experience rapid expansion due to tighter government regulations that promote the adoption of renewable energy sources and energy efficiency. Therefore, the rising need for generating power through renewable sources benefits the regional market.
The Germany market dominated the Europe High Voltage Direct Current Power Supply Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $389.8 Million by 2028. The UK market is anticipated to grow at a CAGR of 5.5% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 7.1% during (2022 - 2028).
Based on Vertical, the market is segmented into Industrial, Telecommunication, Medical, Oil & Gas and Others. Based on Voltage, the market is segmented into >4000V, 1,000-4000V and <1000V. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global High Voltage Direct Current Power Supply Market will Hit $5 Billion by 2028, at a CAGR of 6.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hitachi, Ltd. (Hitachi Energy Ltd.), Toshiba Corporation, Siemens AG, General Electric Company, XP Power, Ltd., Hamamatsu Photonics K.K., Excelitas Technologies Corp., American Power Design, Inc., American High Voltage, and Nikken Sekkei Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Vertical
- Industrial
- Telecommunication
- Medical
- Oil & Gas
- Others
By Voltage
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Hitachi, Ltd. (Hitachi Energy Ltd.)
- Toshiba Corporation
- Siemens AG
- General Electric Company
- XP Power, Ltd.
- Hamamatsu Photonics K.K.
- Excelitas Technologies Corp.
- American Power Design, Inc.
- American High Voltage
- Nikken Sekkei Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe High Voltage Direct Current Power Supply Market, by Vertical
1.4.2 Europe High Voltage Direct Current Power Supply Market, by Voltage
1.4.3 Europe High Voltage Direct Current Power Supply Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in High Voltage Direct Current Power Supply Market
Chapter 4. Europe High Voltage Direct Current Power Supply Market by Vertical
4.1 Europe Industrial Market by Country
4.2 Europe Telecommunication Market by Country
4.3 Europe Medical Market by Country
4.4 Europe Oil & Gas Market by Country
4.5 Europe Others Market by Country
Chapter 5. Europe High Voltage Direct Current Power Supply Market by Voltage
5.1 Europe >4000V Market by Country
5.2 Europe 1,000-4000V Market by Country
5.3 Europe <1000V Market by Country
Chapter 6. Europe High Voltage Direct Current Power Supply Market by Country
6.1 Germany High Voltage Direct Current Power Supply Market
6.1.1 Germany High Voltage Direct Current Power Supply Market by Vertical
6.1.2 Germany High Voltage Direct Current Power Supply Market by Voltage
6.2 UK High Voltage Direct Current Power Supply Market
6.2.1 UK High Voltage Direct Current Power Supply Market by Vertical
6.2.2 UK High Voltage Direct Current Power Supply Market by Voltage
6.3 France High Voltage Direct Current Power Supply Market
6.3.1 France High Voltage Direct Current Power Supply Market by Vertical
6.3.2 France High Voltage Direct Current Power Supply Market by Voltage
6.4 Russia High Voltage Direct Current Power Supply Market
6.4.1 Russia High Voltage Direct Current Power Supply Market by Vertical
6.4.2 Russia High Voltage Direct Current Power Supply Market by Voltage
6.5 Spain High Voltage Direct Current Power Supply Market
6.5.1 Spain High Voltage Direct Current Power Supply Market by Vertical
6.5.2 Spain High Voltage Direct Current Power Supply Market by Voltage
6.6 Italy High Voltage Direct Current Power Supply Market
6.6.1 Italy High Voltage Direct Current Power Supply Market by Vertical
6.6.2 Italy High Voltage Direct Current Power Supply Market by Voltage
6.7 Rest of Europe High Voltage Direct Current Power Supply Market
6.7.1 Rest of Europe High Voltage Direct Current Power Supply Market by Vertical
6.7.2 Rest of Europe High Voltage Direct Current Power Supply Market by Voltage
Chapter 7. Company Profiles
7.1 Hitachi, Ltd. (Hitachi Energy Ltd.)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Acquisition and Mergers:
7.1.5.3 Geographical Expansions:
7.2 Toshiba Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research and Development Expense
7.2.5 SWOT Analysis
7.3 Siemens AG
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.3.5.2 Acquisition and Mergers:
7.3.6 SWOT Analysis
7.4 General Electric Company
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.4.5 Recent strategies and developments:
7.4.5.1 Partnerships, Collaborations, and Agreements:
7.5 XP Power Ltd.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Product Line and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 Recent strategies and developments:
7.5.5.1 Acquisition and Mergers:
7.6 Hamamatsu Photonics K.K.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental Analysis
7.6.4 Research & Development Expense
7.7 Excelitas Technologies Corp.
7.7.1 Company Overview
7.8 American Power Design, Inc.
7.8.1 Company Overview
7.9 American High Voltage
7.9.1 Company Overview
7.10. Nikken Sekkei Ltd.
7.10.1 Company Overview
TABLE 1 Europe High Voltage Direct Current Power Supply Market, 2018 - 2021, USD Million
TABLE 2 Europe High Voltage Direct Current Power Supply Market, 2022 - 2028, USD Million
TABLE 3 Europe High Voltage Direct Current Power Supply Market by Vertical, 2018 - 2021, USD Million
TABLE 4 Europe High Voltage Direct Current Power Supply Market by Vertical, 2022 - 2028, USD Million
TABLE 5 Europe Industrial Market by Country, 2018 - 2021, USD Million
TABLE 6 Europe Industrial Market by Country, 2022 - 2028, USD Million
TABLE 7 Europe Telecommunication Market by Country, 2018 - 2021, USD Million
TABLE 8 Europe Telecommunication Market by Country, 2022 - 2028, USD Million
TABLE 9 Europe Medical Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe Medical Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe Oil & Gas Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Oil & Gas Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 14 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 15 Europe High Voltage Direct Current Power Supply Market by Voltage, 2018 - 2021, USD Million
TABLE 16 Europe High Voltage Direct Current Power Supply Market by Voltage, 2022 - 2028, USD Million
TABLE 17 Europe >4000V Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe >4000V Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe 1,000-4000V Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe 1,000-4000V Market by Country, 2022 - 2028, USD Million
TABLE 21 Europe <1000V Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe <1000V Market by Country, 2022 - 2028, USD Million
TABLE 23 Europe High Voltage Direct Current Power Supply Market by Country, 2018 - 2021, USD Million
TABLE 24 Europe High Voltage Direct Current Power Supply Market by Country, 2022 - 2028, USD Million
TABLE 25 Germany High Voltage Direct Current Power Supply Market, 2018 - 2021, USD Million
TABLE 26 Germany High Voltage Direct Current Power Supply Market, 2022 - 2028, USD Million
TABLE 27 Germany High Voltage Direct Current Power Supply Market by Vertical, 2018 - 2021, USD Million
TABLE 28 Germany High Voltage Direct Current Power Supply Market by Vertical, 2022 - 2028, USD Million
TABLE 29 Germany High Voltage Direct Current Power Supply Market by Voltage, 2018 - 2021, USD Million
TABLE 30 Germany High Voltage Direct Current Power Supply Market by Voltage, 2022 - 2028, USD Million
TABLE 31 UK High Voltage Direct Current Power Supply Market, 2018 - 2021, USD Million
TABLE 32 UK High Voltage Direct Current Power Supply Market, 2022 - 2028, USD Million
TABLE 33 UK High Voltage Direct Current Power Supply Market by Vertical, 2018 - 2021, USD Million
TABLE 34 UK High Voltage Direct Current Power Supply Market by Vertical, 2022 - 2028, USD Million
TABLE 35 UK High Voltage Direct Current Power Supply Market by Voltage, 2018 - 2021, USD Million
TABLE 36 UK High Voltage Direct Current Power Supply Market by Voltage, 2022 - 2028, USD Million
TABLE 37 France High Voltage Direct Current Power Supply Market, 2018 - 2021, USD Million
TABLE 38 France High Voltage Direct Current Power Supply Market, 2022 - 2028, USD Million
TABLE 39 France High Voltage Direct Current Power Supply Market by Vertical, 2018 - 2021, USD Million
TABLE 40 France High Voltage Direct Current Power Supply Market by Vertical, 2022 - 2028, USD Million
TABLE 41 France High Voltage Direct Current Power Supply Market by Voltage, 2018 - 2021, USD Million
TABLE 42 France High Voltage Direct Current Power Supply Market by Voltage, 2022 - 2028, USD Million
TABLE 43 Russia High Voltage Direct Current Power Supply Market, 2018 - 2021, USD Million
TABLE 44 Russia High Voltage Direct Current Power Supply Market, 2022 - 2028, USD Million
TABLE 45 Russia High Voltage Direct Current Power Supply Market by Vertical, 2018 - 2021, USD Million
TABLE 46 Russia High Voltage Direct Current Power Supply Market by Vertical, 2022 - 2028, USD Million
TABLE 47 Russia High Voltage Direct Current Power Supply Market by Voltage, 2018 - 2021, USD Million
TABLE 48 Russia High Voltage Direct Current Power Supply Market by Voltage, 2022 - 2028, USD Million
TABLE 49 Spain High Voltage Direct Current Power Supply Market, 2018 - 2021, USD Million
TABLE 50 Spain High Voltage Direct Current Power Supply Market, 2022 - 2028, USD Million
TABLE 51 Spain High Voltage Direct Current Power Supply Market by Vertical, 2018 - 2021, USD Million
TABLE 52 Spain High Voltage Direct Current Power Supply Market by Vertical, 2022 - 2028, USD Million
TABLE 53 Spain High Voltage Direct Current Power Supply Market by Voltage, 2018 - 2021, USD Million
TABLE 54 Spain High Voltage Direct Current Power Supply Market by Voltage, 2022 - 2028, USD Million
TABLE 55 Italy High Voltage Direct Current Power Supply Market, 2018 - 2021, USD Million
TABLE 56 Italy High Voltage Direct Current Power Supply Market, 2022 - 2028, USD Million
TABLE 57 Italy High Voltage Direct Current Power Supply Market by Vertical, 2018 - 2021, USD Million
TABLE 58 Italy High Voltage Direct Current Power Supply Market by Vertical, 2022 - 2028, USD Million
TABLE 59 Italy High Voltage Direct Current Power Supply Market by Voltage, 2018 - 2021, USD Million
TABLE 60 Italy High Voltage Direct Current Power Supply Market by Voltage, 2022 - 2028, USD Million
TABLE 61 Rest of Europe High Voltage Direct Current Power Supply Market, 2018 - 2021, USD Million
TABLE 62 Rest of Europe High Voltage Direct Current Power Supply Market, 2022 - 2028, USD Million
TABLE 63 Rest of Europe High Voltage Direct Current Power Supply Market by Vertical, 2018 - 2021, USD Million
TABLE 64 Rest of Europe High Voltage Direct Current Power Supply Market by Vertical, 2022 - 2028, USD Million
TABLE 65 Rest of Europe High Voltage Direct Current Power Supply Market by Voltage, 2018 - 2021, USD Million
TABLE 66 Rest of Europe High Voltage Direct Current Power Supply Market by Voltage, 2022 - 2028, USD Million
TABLE 67 Key Information – Hitachi, Ltd. (Hitachi Energy Ltd.)
TABLE 68 Key Information – Toshiba Corporation
TABLE 69 Key Information – Siemens AG
TABLE 70 KEY INFORMATION – GENERAL ELECTRIC Company
TABLE 71 Key Information – XP Power Ltd
TABLE 72 key information – Hamamatsu Photonics K.K.
TABLE 73 Key information - Excelitas Technologies Corp.
TABLE 74 Key Information – American Power Design, Inc.
TABLE 75 Key Information – American High Voltage
TABLE 76 Key Information – Nikken Sekkei Ltd
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Hitachi, Ltd. (Hitachi Energy Ltd.)
FIG 3 SWOT Analysis: Toshiba Corporation
FIG 4 Swot analysis: Siemens AG