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Report
Middle East and Africa High Voltage Direct Current (HVDC) Transmission Market
Market Report I 2025-07-01 I 350 Pages I Data Bridge Market Research
Middle East and Africa High Voltage Direct Current (HVDC) Transmission Market is expected to reach USD 1.71 Billion by 2032 from USD 1.14 billion in 2024, growing with a CAGR of 5.3% in the forecast period of 2025 to 2032.
Market Segmentation:
Middle East and Africa High Voltage Direct Current (HVDC) Transmission market, By Component (Converter Stations, Transmission Cables, Control and Protection, Reactive Power Supplies, Electrodes, Others), Project Type (Point-To-Point Transmission, Back-To-Back Stations , Multi-terminal System), Technology(Line Commutated Converter, Voltage Source Converter , Capacitor Commutated Converter), Application (Bulk Power Transmission, Interconnecting Grids , In-feed Urban Areas), Power Rating (1001-1500 MW, 1501-2000 MW, Above 2001 MW, 501-1000 MW, Below 500 MW), Voltage Rating (350-640 kV, 640-800 kV, Less Than 350 kV, More Than 800 kV), Country (, UAE, Saudi Arabia, South Africa, Israel, Egypt, Qatar, Kuwait, Bahrain, Oman, Rest of Middle East and Africa) - Industry Trends and Forecast to 2032
Overview of Middle East and Africa High Voltage Direct Current (HVDC) Transmission Market Dynamics:
Drivers
- Rising need to transmit renewable energy over long distances
- Growing investments in grid modernization and cross-border
- Improved technological capabilities in HVDC systems
- Strong policy push for decarbonization and energy efficiency
Restraint
- High initial capital investment
- Complex and lengthy regulatory approvals
Opportunity
- Governments worldwide are boosting hvdc investment to achieve energy transition and enhance grid reliability
- Emerging applications in high-speed rail and electric vehicle charging infrastructure.
- Advancements in cable technology, converters and digital controls expand use cases
Challenges
- HVDC faces technical hurdles in ac grid connections, multi-terminal dc management/faults, and advanced modeling
- HVDC struggles with high initial costs and slow returns, needing government aid or new financing to get projects funded
Market Players:
The key market players operating in the Middle East and Africa High Voltage Direct Current (HVDC) Transmission Market are listed below:
- Siemens(Germany)
- ABB (Swizerland)
- GE Vernova(US)
- Toshiba Energy Systems & Solutions Corporation(Japan )
- Mitsubishi Electric Corporation (Japan )
- Emerson Electric Co. (US)
- Schneider Electric (France)
- Nexans (France)
- NKT A/S(Denmark)
- Hitachi, Ltd. (Japan )
- Sumitomo Electric Industries, Ltd.(Japan )
- Prysmian S.p.A (Italy)
- American Superconductor (US)
- LS ELECTRIC Co., Ltd. (South Korea )
- Stantec (Canada)
- Infineon Technologies AG(Germany)
- ATCO Ltd(Canada)
- ESCO Technologies inc.(US)
- Schweitzer Engineering Laboratories, Inc. (US)
- Delta electronics, Inc. (Taiwan)
TABLE OF CONTENTS
1 INTRODUCTION 31
1.1 OBJECTIVES OF THE STUDY 31
1.2 MARKET DEFINITION 31
1.3 OVERVIEW 31
1.4 LIMITATIONS 33
1.5 MARKETS COVERED 33
2 MARKET SEGMENTATION 37
2.1 MARKETS COVERED 37
2.2 GEOGRAPHICAL SCOPE 38
2.3 YEARS CONSIDERED FOR THE STUDY 39
2.4 CURRENCY AND PRICING 39
2.5 DBMR TRIPOD DATA VALIDATION MODEL 40
2.6 MULTIVARIATE MODELING 43
2.7 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 44
2.8 DBMR MARKET POSITION GRID 45
2.9 DBMR VENDOR SHARE ANALYSIS 46
2.10 MARKET END USE COVERAGE GRID 47
2.11 SECONDARY SOURCES 48
2.12 ASSUMPTIONS 49
3 EXECUTIVE SUMMARY 50
4 PREMIUM INSIGHTS 55
4.1 PESTLE ANALYSIS 56
4.1.1 POLITICAL 56
4.1.2 ECONOMIC 56
4.1.3 SOCIAL 56
4.1.4 TECHNOLOGICAL 57
4.1.5 ENVIRONMENTAL 57
4.1.6 LEGAL 57
4.2 PORTERS FIVE FORCES 58
4.2.1 INTENSITY OF COMPETITIVE RIVALRY - MODERATE TO HIGH 58
4.2.2 BARGAINING POWER OF BUYERS / CONSUMERS - HIGH 59
4.2.3 THREAT OF NEW ENTRANTS - LOW 59
4.2.4 THREAT OF SUBSTITUTE PRODUCTS - LOW TO MODERATE 60
4.2.5 BARGAINING POWER OF SUPPLIERS - MODERATE 60
4.3 PATENT ANALYSIS 62
4.3.1 PATENT QUALITY AND STRENGTH 62
4.3.2 PATENT FAMILIES 63
4.3.3 NUMBER OF INTERNATIONAL PATENT FAMILIES BY PUBLICATION YEAR 64
4.3.4 LICENSING AND COLLABORATIONS 65
4.3.5 COMPANY PATENT LANDSCAPE 66
4.3.6 REGION PATENT LANDSCAPE 68
4.3.7 IP STRATEGY AND MANAGEMENT 69
4.3.8 PATENT ANALYSIS 71
4.4 VALUE CHAIN 72
4.4.1 COMPONENT MANUFACTURING: 72
4.4.2 SYSTEM INTEGRATION: 73
4.4.3 TRANSMISSION INFRASTRUCTURE DEVELOPMENT: 74
4.4.4 END-USERS: 74
4.5 SUPPLY CHAIN ANALYSIS 76
4.6 PENETRATION & GROWTH PROSPECT MAPPING FOR HVDC MARKET 79
4.7 OVERVIEW OF TECHNOLOGICAL INNOVATIONS IN THE MIDDLE EAST AND AFRICA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET 79
4.8 TARIFFS & IMPACT ON THE MARKET 83
4.8.1 CURRENT TARIFF RATE (S) IN TOP-5 COUNTRY MARKETS 83
4.8.2 OUTLOOK: LOCAL PRODUCTION V/S IMPORT RELIANCE 84
4.8.3 VENDOR SELECTION CRITERIA DYNAMICS 85
4.8.4 IMPACT ON SUPPLY CHAIN 86
4.8.5 RAW MATERIAL PROCUREMENT 88
4.8.6 MANUFACTURING AND PRODUCTION 88
4.8.7 LOGISTICS AND DISTRIBUTION 90
4.8.8 PRICE PITCHING AND POSITION OF MARKET 91
4.8.9 INDUSTRY PARTICIPANTS: PROACTIVE MOVES 92
4.8.10 SUPPLY CHAIN OPTIMIZATION 93
4.8.11 JOINT VENTURE ESTABLISHMENTS 95
4.8.12 IMPACT ON PRICES 96
4.8.13 REGULATORY INCLINATION 98
4.8.14 GEOPOLITICAL SITUATION 98
4.8.15 TRADE PARTNERSHIPS BETWEEN THE COUNTRIES 100
4.8.16 FREE TRADE AGREEMENTS 101
4.8.17 ALLIANCES ESTABLISHEMENTS 101
4.8.18 STATUS ACCREDITION (INCLUDING MFTN) 102
4.8.19 DOMESTIC COURSE OF CORRECTION 102
4.8.20 INCENTIVE SCHEMES TO BOOST PRODUCTION OUTPUTS 103
4.8.21 ESTABLISHMENT OF SPECIAL ECONOMIC ZONES/INDUSTRIAL PARKS 104
4.9 IMPACT ON PRICES 106
5 REGULATION COVERAGE 107
6 MARKET OVERVIEW 110
6.1 DRIVERS 112
6.1.1 RISING NEED TO TRANSMIT RENEWABLE ENERGY OVER LONG DISTANCES 112
6.1.2 GROWING INVESTMENTS IN GRID MODERNIZATION AND CROSS-BORDER 113
6.1.3 IMPROVED TECHNOLOGICAL CAPABILITIES IN HVDC SYSTEMS 114
6.1.4 STRONG POLICY PUSH FOR DECARBONIZATION AND ENERGY EFFICIENCY 115
6.2 RESTRAINTS 116
6.2.1 HIGH INITIAL CAPITAL INVESTMENT 116
6.2.2 COMPLEX AND LENGTHY REGULATORY APPROVALS 117
6.3 OPPORTUNITIES 118
6.3.1 GOVERNMENTS WORLDWIDE ARE BOOSTING HVDC INVESTMENT TO ACHIEVE ENERGY TRANSITION AND ENHANCE GRID RELIABILITY 118
6.3.2 EMERGING APPLICATIONS IN HIGH-SPEED RAIL AND ELECTRIC VEHICLE CHARGING INFRASTRUCTURE. 119
6.3.3 ADVANCEMENTS IN CABLE TECHNOLOGY, CONVERTERS AND DIGITAL CONTROLS EXPAND USE CASES. 120
6.4 CHALLENGES 121
6.4.1 HVDC FACES TECHNICAL HURDLES IN AC GRID CONNECTIONS, MULTI-TERMINAL DC MANAGEMENT/FAULTS, AND ADVANCED MODELING. 121
6.4.2 HVDC FACES FINANCIAL HURDLES: HIGH UPFRONT COSTS AND SLOW RETURNS REQUIRE GOVERNMENT AND INVESTOR SUPPORT. 122
7 MIDDLE EAST AND AFRICA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY COMPONENT 123
7.1 OVERVIEW 124
7.2 CONVERTER STATIONS 125
7.3 TRANSMISSION CABLES 126
7.4 CONTROL AND PROTECTION 127
7.5 REACTIVE POWER SUPPLIES 127
7.6 ELECTRODES 128
7.7 OTHERS 128
8 MIDDLE EAST AND AFRICA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY PROJECT TYPE 129
8.1 OVERVIEW 130
8.2 POINT-TO-POINT TRANSMISSION 131
8.3 BACK-TO-BACK STATIONS 132
8.4 MULTI-TERMINAL SYSTEM 133
9 MIDDLE EAST AND AFRICA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY TECHNOLOGY 134
9.1 OVERVIEW 135
9.2 LINE COMMUTATED CONVERTER 136
9.3 VOLTAGE SOURCE CONVERTER 137
9.4 CAPACITOR COMMUTATED CONVERTER 137
10 MIDDLE EAST AND AFRICA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY APPLICATION 138
10.1 OVERVIEW 139
10.2 BULK POWER TRANSMISSION 140
10.2.1 CONVERTER STATIONS 141
10.2.2 TRANSMISSION CABLES 141
10.2.3 CONTROL AND PROTECTION 141
10.2.4 REACTIVE POWER SUPPLIES 141
10.2.5 ELECTRODES 141
10.2.6 OTHERS 142
10.3 INTERCONNECTING GRIDS 142
10.3.1 CONVERTER STATIONS 143
10.3.2 TRANSMISSION CABLES 143
10.3.3 CONTROL AND PROTECTION 143
10.3.4 REACTIVE POWER SUPPLIES 143
10.3.5 ELECTRODES 143
10.3.6 OTHERS 143
10.4 IN-FEED URBAN AREAS 143
10.4.1 CONVERTER STATIONS 145
10.4.2 TRANSMISSION CABLES 145
10.4.3 CONTROL AND PROTECTION 145
10.4.4 REACTIVE POWER SUPPLIES 145
10.4.5 ELECTRODES 145
10.4.6 OTHERS 145
11 MIDDLE EAST AND AFRICA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY POWER RATING 147
11.1 OVERVIEW 148
11.2 1001-1500 MW 149
11.3 1501-2000 MW 150
11.4 ABOVE 2001 MW 150
11.5 501-1000 MW 151
11.6 BELOW 500 MW 151
12 MIDDLE EAST AND AFRICA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY VOLTAGE RATING 152
12.1 OVERVIEW 153
12.2 350-640 KV 154
12.3 640-800 KV 155
12.4 LESS THAN 350 KV 155
12.5 MORE THAN 800 KV 156
13 MIDDLE EAST AND AFRICA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET, BY REGION 157
13.1 NORTH AMERICA 159
13.1.1 U.S. 163
13.1.2 CANADA 166
13.1.3 MEXICO 169
14 MIDDLE EAST AND AFRICA HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION MARKET 172
14.1 COMPANY SHARE ANALYSIS: GLOBAL 172
15 SWOT ANALYSIS 173
16 COMPANY PROFILES 174
16.1 ABB 174
16.1.1 COMPANY SNAPSHOT 174
16.1.2 REVENUE ANALYSIS 175
16.1.3 COMPANY SHARE ANALYSIS 175
16.1.4 PRODUCT PORTFOLIO 176
16.1.5 RECENT DEVELOPMENTS/NEWS 177
16.2 SIEMENS 179
16.2.1 COMPANY SNAPSHOT 179
16.2.2 REVENUE ANALYSIS 179
16.2.3 COMPANY SHARE ANALYSIS 180
16.2.4 PRODUCT PORTFOLIO 180
16.2.5 RECENT DEVELOPMENTS/NEWS 182
16.3 GE VERNOVA 183
16.3.1 COMPANY SNAPSHOT 183
16.3.2 REVENUE ANALYSIS 183
16.3.3 COMPANY SHARE ANALYSIS 184
16.3.4 PRODUCT PORTFOLIO 184
16.3.5 RECENT DEVELOPMENTS/NEWS 184
16.4 PRYSMIAN GROUP 186
16.4.1 COMPANY SNAPSHOT 186
16.4.2 REVENUE ANALYSIS 186
16.4.3 COMPANY SHARE ANALYSIS 187
16.4.4 PRODUCT PORTFOLIO 187
16.4.5 RECENT DEVELOPMENT 189
16.5 HITACHI, LTD. 190
16.5.1 COMPANY SNAPSHOT 190
16.5.2 REVENUE ANALYSIS 190
16.5.3 COMPANY SHARE ANALYSIS 191
16.5.4 PRODUCT PORTFOLIO 191
16.5.5 RECENT DEVELOPMENTS/NEWS 195
16.6 AMERICAN SUPERCONDUCTOR 196
16.6.1 COMPANY SNAPSHOT 196
16.6.2 REVENUE ANALYSIS 196
16.6.3 PRODUCT PORTFOLIO 197
16.6.4 RECENT DEVELOPMENT 197
16.7 ATCO LTD. 198
16.7.1 COMPANY SNAPSHOT 198
16.7.2 REVENUE ANALYSIS 198
16.7.3 PRODUCT PORTFOLIO 199
16.7.4 RECENT DEVELOPMENT 199
16.8 DELTA ELECTRONICS, INC. 200
16.8.1 COMPANY SNAPSHOT 200
16.8.2 REVENUE ANALYSIS 200
16.8.3 PRODUCT PORTFOLIO 201
16.8.4 RECENT DEVELOPMENT/NEWS 202
16.9 EMERSON ELECTRIC CO. 203
16.9.1 COMPANY SNAPSHOT 203
16.9.2 REVENUE ANALYSIS 203
16.9.3 PRODUCT PORTFOLIO 204
16.9.4 RECENT DEVELOPMENTS/NEWS 205
16.10 ESCO TECHNOLOGIES INC. (DOBLE ENGINEERING COMPANY) 207
16.10.1 COMPANY SNAPSHOT 207
16.10.2 REVENUE ANALYSIS 207
16.10.3 PRODUCT PORTFOLIO 208
16.10.4 RECENT DEVELOPMENT 209
16.11 INFINEON TECHNOLOGIES AG 211
16.11.1 COMPANY SNAPSHOT 211
16.11.2 REVENUE ANALYSIS 212
16.11.3 PRODUCT PORTFOLIO 212
16.11.4 RECENT DEVELOPMENT/NEWS 214
16.12 LS ELECTRIC CO, LTD. 216
16.12.1 COMPANY SNAPSHOT 216
16.12.2 REVENUE ANALYSIS 216
16.12.3 PRODUCT PORTFOLIO 217
16.12.4 RECENT DEVELOPMENT 217
16.13 MITSUBISHI ELECTRIC CORPORATION 218
16.13.1 COMPANY SNAPSHOT 218
16.13.2 REVENUE ANALYSIS 218
16.13.3 PRODUCT PORTFOLIO 219
16.13.4 RECENT DEVELOPMENTS/NEWS 221
16.14 NEXANS 222
16.14.1 COMPANY SNAPSHOT 222
16.14.2 REVENUE ANALYSIS 222
16.14.3 PRODUCT PORTFOLIO 223
16.14.4 RECENT DEVELOPMENTS/NEWS 225
16.15 NKT A S 226
16.15.1 COMPANY SNAPSHOT 226
16.15.2 REVENUE ANALYSIS 226
16.15.3 PRODUCT PORTFOLIO 227
16.15.4 RECENT DEVELOPMENTS/NEWS 230
16.16 SCHNEIDER ELECTRIC 232
16.16.1 COMPANY SNAPSHOT 232
16.16.2 REVENUE ANALYSIS 232
16.16.3 PRODUCT PORTFOLIO 233
16.16.4 RECENT DEVELOPMENTS/NEWS 236
16.17 SCHWEITZER ENGINEERING LABORATORIES, INC. 237
16.17.1 COMPANY SNAPSHOT 237
16.17.2 PRODUCT PORTFOLIO 237
16.17.3 RECENT DEVELOPMENTS/NEWS 239
16.18 STANTEC 240
16.18.1 COMPANY SNAPSHOT 240
16.18.2 REVENUE ANALYSIS 240
16.18.3 SERVICES PORTFOLIO 241
16.18.4 RECENT DEVELOPMENT 244
16.19 SUMITOMO ELECTRIC INDUSTRIES, LTD 245
16.19.1 COMPANY SNAPSHOT 245
16.19.2 REVENUE ANALYSIS 245
16.19.3 PRODUCT PORTFOLIO 246
16.19.4 RECENT DEVELOPMENTS/NEWS 250
16.20 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION 251
16.20.1 COMPANY SNAPSHOT 251
16.20.2 PRODUCT PORTFOLIO 251
16.20.3 RECENT DEVELOPMENT 252
17 QUESTIONNAIRE 253
18 RELATED REPORTS 257
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