South Korea Hvdc Transmission Market Size & Outlook
The hvdc transmission market in South Korea is expected to reach a projected revenue of US$ 1,298.8 million by 2030. A compound annual growth rate of 13.2% is expected of South Korea hvdc transmission market from 2025 to 2030.
- Energy & Power
- Power Distribution
- HVDC Transmission Market Outlook
- Power Distribution
Revenue, 2024 (US$M)
$633.9
Forecast, 2030 (US$M)
$1,298.8
CAGR, 2025 - 2030
13.2%
Report Coverage
South Korea
Global Market
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South Korea hvdc transmission market highlights
- The South Korea hvdc transmission market generated a revenue of USD 633.9 million in 2024 and is expected to reach USD 1,298.8 million by 2030.
- The South Korea market is expected to grow at a CAGR of 13.2% 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 633.9 million |
| Market revenue in 2030 | USD 1,298.8 million |
| Growth rate | 13.2% (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, South Korea accounted for 1.6% 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 Asia Pacific, China hvdc transmission market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,298.8 million by 2030.
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Publish Date: Dec 22, 2025
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HVDC Transmission Market Scope
HVDC Transmission Market segmentation & scope
HVDC Transmission Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Mitsubishi Electric Corp | View profile | 149,134 | Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8310 | www.mitsubishielectric.com |
| ABB Ltd | View profile | 108,700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | www.abb.com |
| Siemens AG | View profile | 321,000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | www.siemens.com |
| Portland General Electric Co | View profile | 2,842 | 121 South West Salmon Street, Portland, OR, United States, 97204 | www.portlandgeneral.com |
| Toshiba Corporation | View profile | 10001+ | Tokyo, Tokyo, Japan, Asia | www.toshiba.com/tai/ |
| Nexans | View profile | 28,541 | Nexans 4, allée de l’Arche, Courbevoie, France, 92400 | www.nexans.com |
| NR Electric USA | View profile | 1001-5000 | Nanjing, Jiangsu, China, Asia | www.nrelect.com |
| Ls electric | View profile | 1001-5000 | Anyang, Kyonggi-do, South Korea, Asia | www.ls-electric.com |
| Hitachi Energy | View profile | 10001+ | Zürich, Zurich, Switzerland, Europe | www.hitachienergy.com/ |
| American Superconductor Corp | View profile | 337 | 114 East Main Street, Ayer, MA, United States, 01432 | www.amsc.com |
South Korea 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 Outlook will help companies and investors design strategic landscapes.
Line Commutated Converter (Lcc) was the largest segment with a revenue share of 66.41% in 2024.
Horizon Databook has segmented the South Korea 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.
- South Korea Hvdc Transmission Market Technology Outlook (Revenue, USD Million , 2018-2030)
- Line Commutated Converter (LCC)
- Voltage Source Converter (VSC)
- South Korea Hvdc Transmission Market Application Outlook (Revenue, USD Million , 2018-2030)
- Bi-Polar
- Monopolar
- Back-to-back
- Multi Terminal
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea HVDC Transmission Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Korea HVDC Transmission Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
South Korea Hvdc Transmission Market, 2018-2030 (US$M)
South Korea hvdc transmission market statistics, by technology, 2018-2030 (US$M)
