Who are the key players in China HVDC Transmission Market industry?

The top five players in the China HVDC Transmission Market are ABB Ltd., Siemens AG, State Grid Corporation of China, NR Electric Co. Ltd., and General Electric Company. These companies lead the market through advanced HVDC solutions, large infrastructure projects, and ongoing technological developments tailored to China's electricity transmission needs.

What is the China HVDC Transmission Market growth?

The China HVDC Transmission Market has seen robust growth, especially driven by the State Grid Corporation of China's significant investments in UHV transmission projects in 2023. The market benefits from ongoing renewable integration and extensive grid expansion to meet increasing energy demands across the country.

Which segment accounted for the largest China HVDC Transmission Market share?

The power transmission segment accounted for the largest market share. HVDC technology is primarily deployed for long-distance bulk power transmission, enabling efficient transport of renewable energy from inland regions to coastal consumption centers. State-sponsored projects dominate this segment, supporting grid stability and large-scale energy delivery.

What are the factors driving the China HVDC Transmission Market?

The main market drivers are the rapid expansion of renewable energy, government support, and the need for inter-regional grid connectivity. For example, Siemens AG has partnered with Chinese companies for multi-terminal HVDC projects, facilitating the integration of wind and solar energy over long distances.

Which type accounted for the largest China HVDC Transmission Market share?

The Line Commutated Converter (LCC) HVDC type holds the largest market share in China. It is preferred for ultra-high voltage, long-distance bulk power transfer projects managed by State Grid, owing to its cost-efficiency and reliability for large-scale transmission compared to newer VSC HVDC technology.

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China HVDC Transmission Market Size & Share Analysis - Growth Trends and Forecast (2026 - 2035)

China HVDC Transmission Market: by Type (Monopolar, Bipolar, Back-to-Back, Multi-terminal), Application (Bulk Power Transmission, Interconnecting Grids, Infeed Urban Areas, Offshore Applications), Distribution Channels (Direct Sales, Indirect Sales, Online Sales, Distributors & Resellers), Technology (Line Commutated Converter (LCC), Voltage Source Converter (VSC)), Organization Size (Small, Medium, Large) and By China Historical & Forecast Period (2020-2035) Comprehensive Study 2025

Last Updated: 23-07-2025 | Format: PDF | Report ID:11489

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Key Questions Answered

»What is the market size and growth rate of the global and regional market by various segments?
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Study period:

2020-2035

Base year:

2026

Historical data

2020-2024

NO OF PAGE:

167

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