Saudi Arabia Hvdc Transmission Market Size & Outlook
Related Markets
Saudi Arabia hvdc transmission market highlights
- The Saudi Arabia hvdc transmission market generated a revenue of USD 972.6 million in 2024 and is expected to reach USD 1,286.5 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 5.3% from 2025 to 2030.
- In terms of segment, line commutated converter (lcc) was the largest revenue generating technology in 2024.
- Voltage Source Converter (VSC) is the most lucrative technology segment registering the fastest growth during the forecast period.
Hvdc transmission market data book summary
| Market revenue in 2024 | USD 972.6 million |
| Market revenue in 2030 | USD 1,286.5 million |
| Growth rate | 5.3% (CAGR from 2025 to 2030) |
| Largest segment | Line commutated converter (lcc) |
| Fastest growing segment | Voltage Source Converter (VSC) |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Line Commutated Converter (LCC), Voltage Source Converter (VSC) |
| Key market players worldwide | ABB Ltd, Siemens AG, Portland General Electric Co, Hitachi Energy, Nexans, Ls electric, American Superconductor Corp, Toshiba Corporation, Mitsubishi Electric Corp, NR Electric USA |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 2.4% of the global hvdc transmission market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia hvdc transmission market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 790.0 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
HVDC Transmission Market Scope
HVDC Transmission Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| American Superconductor Corp | View profile | 337 | 114 East Main Street, Ayer, MA, United States, 01432 | https://www.amsc.com |
| Hitachi Energy | View profile | 10001+ | Zürich, Zurich, Switzerland, Europe | https://www.hitachienergy.com/ |
| Ls electric | View profile | 1001-5000 | Anyang, Kyonggi-do, South Korea, Asia | https://www.ls-electric.com |
| NR Electric USA | View profile | 1001-5000 | Nanjing, Jiangsu, China, Asia | https://www.nrelect.com |
| Nexans | View profile | 28541 | Nexans 4, allée de l’Arche, Courbevoie, France, 92400 | http://www.nexans.com |
| Toshiba Corporation | View profile | 10001+ | Tokyo, Tokyo, Japan, Asia | http://www.toshiba.com/tai/ |
| Portland General Electric Co | View profile | 2842 | 121 South West Salmon Street, Portland, OR, United States, 97204 | https://www.portlandgeneral.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Mitsubishi Electric Corp | View profile | 149134 | Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8310 | https://www.mitsubishielectric.com |
Saudi Arabia hvdc transmission market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hvdc transmission market will help companies and investors design strategic landscapes.
Line commutated converter (lcc) was the largest segment with a revenue share of 68.42% in 2024. Horizon Databook has segmented the Saudi Arabia hvdc transmission market based on line commutated converter (lcc), voltage source converter (vsc) covering the revenue growth of each sub-segment from 2018 to 2030.
Reasons to subscribe to Saudi Arabia hvdc transmission market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Saudi Arabia hvdc transmission market databook
-
Our clientele includes a mix of hvdc transmission market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia hvdc transmission market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia hvdc transmission market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Saudi Arabia hvdc transmission market size, by technology, 2018-2030 (US$M)
Saudi Arabia HVDC Transmission Market Outlook Share, 2024 & 2030 (US$M)
Related industry reports
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
