Germany HVDC Transmission System Market Size, Share, and COVID-19 Impact Analysis, By Transmission Type (HVDC Overhead Transmission System, Submarine HVDC Transmission System, and HVDC Underground Transmission System), By Component (Transmission Medium (Cables) and Converter Stations), and Germany HVDC Transmission System Market Insights, Industry Trend, Forecasts to 2033

Germany HVDC Transmission System Market Insights Forecasts to 2033 

• The Germany HVDC Transmission System Market Size Was Estimated at USD 0.94 Billion in 2023.
• The Market is Growing at a CAGR of 9.60% from 2023 to 2033
• The Germany HVDC Transmission System Market Size is Expected to Reach USD 2.35 Billion by 2033

The Germany HVDC Transmission System Market is expected to reach USD 2.35 billion by 2033, growing at a CAGR of 9.60% from 2023 to 2033.

Market Overview

The market for high-voltage direct current (HVDC) transmission systems in Germany is centered on cutting-edge technology that employs direct current (DC) rather than the more conventional alternating current (AC) to transport electrical power across vast distances. Bulk power transmission is made possible by the great efficiency of HVDC systems, which also reduce energy losses. They are particularly useful for cross-border electricity trading and connecting distant renewable energy sources, like offshore wind farms, to the main grid. The HVDC transmission system market is growing because of several important aspects, including the potential for bulk power transmission, the ease of regulating the active power link, the growing need for affordable long-distance power transmission options, and low power transfer loss (over HVAC). Additionally, the country's HVDC transmission system market is predicted to rise as a result of technological developments in HVDC transmission systems that increase operating efficiency with wind and solar-based systems. Furthermore, the German government is promoting the use of high-voltage direct current (HVDC) lines to transfer large amounts of power over long distances.

Report Coverage

This research report categorizes the market for Germany HVDC transmission system market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Germany HVDC transmission system market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Germany HVDC transmission system market. 

Driving Factors

The Germany HVDC transmission system market is growing the demand for reliable HVDC transmission systems is growing as a result of transportation becoming more electrified. Additionally, the market for HVDC transmission systems is being increasingly driven by the growing network of grid interconnections, as the importance of connecting electricity grids across countries and areas grows. In addition, the market for HVDC transmission systems is expanding because of the growing trend of automation in these systems and the increasing use of electric vehicles to lower carbon footprints. Furthermore, ongoing technological developments in HVDC transmission systems, like the creation of VSC-based systems and developments in transformer, technology, offer market prospects for HVDC transmission systems.

Restraining Factors

The Germany HVDC transmission system market expansion for HVDC transmission systems is anticipated to be impeded by an increasing demand for dispersed and distant power plants that supply electricity in rural areas lacking substantial transmission and distribution facilities. In addition, the market expansion for HVDC transmission systems is being hampered by several issues, including technology limits, regulatory and permitting obstacles, high starting costs, and installation complexity.

Market Segmentation

The Germany HVDC transmission system market share is classified into transmission type and component.

• The submarine HVDC transmission system segment accounted for the largest market share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the transmission type, the Germany HVDC transmission system market is divided into HVDC overhead transmission system, submarine HVDC transmission system, and HVDC underground transmission system. Among these, the submarine HVDC transmission system segment accounted for the largest market share in 2023 and is expected to grow at a significant CAGR during the forecast period. This segment is growing due to submarine cables being used in submarine HVDC transmission systems to link power grids across aquatic bodies or to connect offshore renewable energy sources, like offshore wind farms, to onshore power networks. In addition, these systems are appropriate for linking remote power grids or offshore renewable energy installations because they offer improved voltage stability across extended transmission distances.

• The converter stations segment accounted for the highest market share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the component, the Germany HVDC transmission system market is divided into transmission medium (cables) and converter stations. Among these, the converter stations segment accounted for the highest market share in 2023 and is expected to grow at a significant CAGR during the forecast period. This segment is expanding due to the market for converter stations in HVDC transmission lines is impacted by several variables, such as government regulations, infrastructure investment, energy demand, and technological developments. In addition, converter stations are essential components in high-voltage direct current (HVDC) transmission systems, facilitating efficient AC to DC-conversion for long-distance electricity transmission and vice versa.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Germany HVDC transmission system market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• ABB Ltd
• Siemens AG
• Mitsubishi Electric Corporation
• Schneider Electric SA
• Hitachi Ltd
• Toshiba Corporation
• General Electric Company
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In November 2024, in Berlin, GE Vernova launched its HVDC Competence Center.  By creating cutting-edge HVDC technology to include renewable energy sources and enhance grid stability, this facility seeks to expedite the energy transition. In addition, the center's goals are to promote global hydrogen car development initiatives, integrate renewable energy across Germany and Europe, and improve grid stability to expedite the energy revolution.

Market Segment

This study forecasts revenue at the Germany, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Germany HVDC transmission system market based on the below-mentioned segments:

Germany HVDC Transmission System Market, By Transmission Type

• HVDC Overhead Transmission System
• Submarine HVDC Transmission System
• HVDC Underground Transmission System

 Germany HVDC Transmission System Market, By Component

• Transmission Medium (Cables)
• Converter Stations