The North America High Voltage Direct Current Power Supply Market would witness market growth of 6.5% CAGR during the forecast period (2022-2028).
The HVDC power supply technology has been garnering more favor because it encourages long-distance transmission and reduces energy expenditures. Current power transmission lines that use AC systems are presently being converted to DC systems to boost power transmitting limits. In addition, controlling the degree of fault current entering the system is possible through HVDC power supply systems.
The industry is expected to increase significantly in the near future due to rising energy consumption and the development of the renewable energy sector. The line commutated converter (LCC) and the voltage source converter (VSC) are the two technologies used by the HVDC transmission system. The market is expected to be driven by rising demand for VSC-HVDC transmission systems that stop fault propagation, complete flow control, and minimize network losses.
VSC-HVDC transmission systems play a vital role in increasing the usage of renewable energy internationally and improving grid stability. Additionally, as it aids in stabilizing present AC grids, VSC-HVDC transmission systems have seen a dramatic rise in utilization in recent years. Voltage stability, steady transients, as well as black start abilities are just a few benefits of VSC technology.
In North America, the offshore wind industry is starting to grow rapidly, and this trend is projected to continue. The region is now developing many sizable wind farms, which is anticipated to dramatically increase demand for undersea HVDC lines. The US Department of Energy (DoE) claims that the US offshore wind energy project pipeline will reach a potential producing capacity of 40,083 megawatts by 2022. Since 2021, the 40,083 MW of offshore wind energy in the United States has increased by 13.5%. As a result, it is anticipated that rising offshore activity in the region will fuel the high voltage direct current power supply market throughout the forecast period.
The US market dominated the North America 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 $1,079.3 Million by 2028. The Canada market is poised to grow at a CAGR of 8.9% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 8% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global High Voltage Direct Current Power Supply Market is Estimated to reach $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
- >4000V
- 1,000-4000V
- <1000V
By Country
- US
- Canada
- Mexico
- Rest of North America
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 North America High Voltage Direct Current Power Supply Market, by Vertical
1.4.2 North America High Voltage Direct Current Power Supply Market, by Voltage
1.4.3 North America 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. North America High Voltage Direct Current Power Supply Market by Vertical
4.1 North America Industrial Market by Country
4.2 North America Telecommunication Market by Country
4.3 North America Medical Market by Country
4.4 North America Oil & Gas Market by Country
4.5 North America Others Market by Country
Chapter 5. North America High Voltage Direct Current Power Supply Market by Voltage
5.1 North America >4000V Market by Country
5.2 North America 1,000-4000V Market by Country
5.3 North America <1000V Market by Country
Chapter 6. North America High Voltage Direct Current Power Supply Market by Country
6.1 US High Voltage Direct Current Power Supply Market
6.1.1 US High Voltage Direct Current Power Supply Market by Vertical
6.1.2 US High Voltage Direct Current Power Supply Market by Voltage
6.2 Canada High Voltage Direct Current Power Supply Market
6.2.1 Canada High Voltage Direct Current Power Supply Market by Vertical
6.2.2 Canada High Voltage Direct Current Power Supply Market by Voltage
6.3 Mexico High Voltage Direct Current Power Supply Market
6.3.1 Mexico High Voltage Direct Current Power Supply Market by Vertical
6.3.2 Mexico High Voltage Direct Current Power Supply Market by Voltage
6.4 Rest of North America High Voltage Direct Current Power Supply Market
6.4.1 Rest of North America High Voltage Direct Current Power Supply Market by Vertical
6.4.2 Rest of North America 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 North America High Voltage Direct Current Power Supply Market, 2018 - 2021, USD Million
TABLE 2 North America High Voltage Direct Current Power Supply Market, 2022 - 2028, USD Million
TABLE 3 North America High Voltage Direct Current Power Supply Market by Vertical, 2018 - 2021, USD Million
TABLE 4 North America High Voltage Direct Current Power Supply Market by Vertical, 2022 - 2028, USD Million
TABLE 5 North America Industrial Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Industrial Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Telecommunication Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Telecommunication Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Medical Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Medical Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Oil & Gas Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Oil & Gas Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 15 North America High Voltage Direct Current Power Supply Market by Voltage, 2018 - 2021, USD Million
TABLE 16 North America High Voltage Direct Current Power Supply Market by Voltage, 2022 - 2028, USD Million
TABLE 17 North America >4000V Market by Country, 2018 - 2021, USD Million
TABLE 18 North America >4000V Market by Country, 2022 - 2028, USD Million
TABLE 19 North America 1,000-4000V Market by Country, 2018 - 2021, USD Million
TABLE 20 North America 1,000-4000V Market by Country, 2022 - 2028, USD Million
TABLE 21 North America <1000V Market by Country, 2018 - 2021, USD Million
TABLE 22 North America <1000V Market by Country, 2022 - 2028, USD Million
TABLE 23 North America High Voltage Direct Current Power Supply Market by Country, 2018 - 2021, USD Million
TABLE 24 North America High Voltage Direct Current Power Supply Market by Country, 2022 - 2028, USD Million
TABLE 25 US High Voltage Direct Current Power Supply Market, 2018 - 2021, USD Million
TABLE 26 US High Voltage Direct Current Power Supply Market, 2022 - 2028, USD Million
TABLE 27 US High Voltage Direct Current Power Supply Market by Vertical, 2018 - 2021, USD Million
TABLE 28 US High Voltage Direct Current Power Supply Market by Vertical, 2022 - 2028, USD Million
TABLE 29 US High Voltage Direct Current Power Supply Market by Voltage, 2018 - 2021, USD Million
TABLE 30 US High Voltage Direct Current Power Supply Market by Voltage, 2022 - 2028, USD Million
TABLE 31 Canada High Voltage Direct Current Power Supply Market, 2018 - 2021, USD Million
TABLE 32 Canada High Voltage Direct Current Power Supply Market, 2022 - 2028, USD Million
TABLE 33 Canada High Voltage Direct Current Power Supply Market by Vertical, 2018 - 2021, USD Million
TABLE 34 Canada High Voltage Direct Current Power Supply Market by Vertical, 2022 - 2028, USD Million
TABLE 35 Canada High Voltage Direct Current Power Supply Market by Voltage, 2018 - 2021, USD Million
TABLE 36 Canada High Voltage Direct Current Power Supply Market by Voltage, 2022 - 2028, USD Million
TABLE 37 Mexico High Voltage Direct Current Power Supply Market, 2018 - 2021, USD Million
TABLE 38 Mexico High Voltage Direct Current Power Supply Market, 2022 - 2028, USD Million
TABLE 39 Mexico High Voltage Direct Current Power Supply Market by Vertical, 2018 - 2021, USD Million
TABLE 40 Mexico High Voltage Direct Current Power Supply Market by Vertical, 2022 - 2028, USD Million
TABLE 41 Mexico High Voltage Direct Current Power Supply Market by Voltage, 2018 - 2021, USD Million
TABLE 42 Mexico High Voltage Direct Current Power Supply Market by Voltage, 2022 - 2028, USD Million
TABLE 43 Rest of North America High Voltage Direct Current Power Supply Market, 2018 - 2021, USD Million
TABLE 44 Rest of North America High Voltage Direct Current Power Supply Market, 2022 - 2028, USD Million
TABLE 45 Rest of North America High Voltage Direct Current Power Supply Market by Vertical, 2018 - 2021, USD Million
TABLE 46 Rest of North America High Voltage Direct Current Power Supply Market by Vertical, 2022 - 2028, USD Million
TABLE 47 Rest of North America High Voltage Direct Current Power Supply Market by Voltage, 2018 - 2021, USD Million
TABLE 48 Rest of North America High Voltage Direct Current Power Supply Market by Voltage, 2022 - 2028, USD Million
TABLE 49 Key Information – Hitachi, Ltd. (Hitachi Energy Ltd.)
TABLE 50 Key Information – Toshiba Corporation
TABLE 51 Key Information – Siemens AG
TABLE 52 KEY INFORMATION – GENERAL ELECTRIC Company
TABLE 53 Key Information – XP Power Ltd
TABLE 54 key information – Hamamatsu Photonics K.K.
TABLE 55 Key information - Excelitas Technologies Corp.
TABLE 56 Key Information – American Power Design, Inc.
TABLE 57 Key Information – American High Voltage
TABLE 58 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