An HVDC converter converts electric power from high voltage alternating current (AC) to high-voltage direct current (HVDC), or vice versa. 
Market Analysis and Insights: Global High Voltage Direct Current Converter (HVDC Converter) Market
Due to the COVID-19 pandemic, the global High Voltage Direct Current Converter (HVDC Converter) market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, 0-500MW accounting for % of the High Voltage Direct Current Converter (HVDC Converter) global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Energy segment is altered to an % CAGR throughout this forecast period.
HVDC converters can take several different forms. Early HVDC systems, built until the 1930s, were effectively rotary converters and used electromechanical conversion with motor-generator sets connected in series on the DC side and in parallel on the AC side. However, all HVDC systems built since the 1940s have used electronic (static) converters.Electronic converters for HVDC are divided into two main categories. Line-commutated converters (HVDC classic) are made with electronic switches that can only be turned on. Voltage-sourced converters are made with switching devices that can be turned both on and off. Line-commutated converters (LCC) used mercury-arc valves until the 1970s, or thyristors from the 1970s to the present day. Voltage-source converters (VSC), which first appeared in HVDC in 1997, use transistors, usually the Insulated-gate bipolar transistor (IGBT).
Global High Voltage Direct Current Converter (HVDC Converter) Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global High Voltage Direct Current Converter (HVDC Converter) Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Power and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Power
0-500MW
501MW-999MW
1000MW-2000MW
2000+ MW
Segment by Application
Energy
Industrial
Oil and Gas
Others
By Company
ABB
Siemens
GE and Alstom Energy
BHEL
Orano
Hitachi
Toshiba
Mitsubishi
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina