HVDC Converter Market Set for Strong Growth Through 2035 — Eter News

Enriched Analysis 深度解析

HVDC Converter Market Set for Strong Growth Through 2035高压直流换流器市场预计到2035年强劲增长

IndexBox projects strong global expansion in HVDC converters from 2026 to 2035, supported by offshore wind, cross-border interconnections and renewable integration. Voltage Source Converter systems are expected to exceed 75% of new project awards by the early 2030s, while component shortages, lead times exceeding 24 months for some configurations and fragmented grid rules remain key constraints.IndexBox预计，受海上风电、跨境互联和可再生能源并网推动，全球高压直流换流器市场将在2026年至2035年强劲扩张。预计到2030年代初，电压源换流器将占新项目授予量的75%以上；与此同时，部分配置的关键部件交付周期超过24个月，供应短缺和电网规则碎片化仍是主要限制因素。

IndexBox 5 Oct 2026 2026年10月5日

7575

Expected VSC share of new awards预计电压源换流器新项目授予份额

3535

Grid infrastructure share of global demand电网基础设施占全球需求份额

245245

Market index市场指数

01The Story新闻事实

IndexBox projects strong global expansion in HVDC converters from 2026 to 2035, supported by offshore wind, cross-border interconnections and renewable integration. Voltage Source Converter systems are expected to exceed 75% of new project awards by the early 2030s, while component shortages, lead times exceeding 24 months for some configurations and fragmented grid rules remain key constraints.IndexBox预计，受海上风电、跨境互联和可再生能源并网推动，全球高压直流换流器市场将在2026年至2035年强劲扩张。预计到2030年代初，电压源换流器将占新项目授予量的75%以上；与此同时，部分配置的关键部件交付周期超过24个月，供应短缺和电网规则碎片化仍是主要限制因素。

  • Annual HVDC capacity additions are projected to be 2 to 2.5 times higher in 2035 than in the base year.预计2035年的高压直流年新增容量将达到基准年的2至2.5倍。
  • Voltage Source Converters are expected to account for more than 75% of new project awards by the early 2030s.预计到2030年代初，电压源换流器将占新项目授予量的75%以上。
  • Some HVDC configurations face lead times of more than 24 months because of supply constraints for high-power semiconductors and specialized transformers.由于高功率半导体和专用换流变压器供应受限，部分高压直流配置的交付周期超过24个月。
  • The market index, with 2025 set at 100, is projected to reach 245 by 2035, corresponding to a 9.4% CAGR.以2025年为100的市场指数预计到2035年达到245，对应复合年增长率为9.4%。
  • Asia-Pacific is expected to remain the largest regional market, led by China's ultra-high-voltage direct-current projects.预计亚太地区仍将是最大的区域市场，中国的特高压直流项目将发挥带动作用。
  • Grid infrastructure represents an estimated 35% of global demand, while renewable integration is projected to reach around 30% of the market by 2035.电网基础设施预计占全球需求的35%，而可再生能源并网预计到2035年将占市场约30%。

HVDC converters are becoming a strategic bottleneck and enabling technology as renewable generation moves farther from major electricity demand centers.随着可再生能源发电地与主要用电中心之间的距离扩大，高压直流换流器正成为电力系统中的关键支撑技术和潜在瓶颈。

024 Dimensions维度分析

Future signal前瞻信号

Technology shift toward VSC技术转向电压源换流器

VSC systems are gaining share because they can connect weak AC networks, provide black-start capability and support multi-terminal configurations. This positions VSC technology for a larger role in flexible and meshed HVDC grids.电压源换流器能够连接弱交流电网、提供黑启动能力并支持多端配置，因此市场份额持续提升。这使其在灵活化和网状化高压直流电网中发挥更大作用。

Expected VSC share of new awards预计电压源换流器新项目授予份额

75 %75%

early 2030s2030年代初

  • VSC is expected to overtake legacy Line Commutated Converter systems in new project awards.预计电压源换流器将在新项目授予量上超过传统的线路换相换流器系统。
  • Multi-terminal and meshed HVDC grids are emerging, especially in the North Sea region.多端和网状高压直流电网正在兴起，尤其是在北海地区。
Cause因果关系

Offshore wind and grid expansion海上风电与电网扩张

Offshore wind connections, intercontinental links and the integration of remote renewable resources are expanding the need for long-distance, low-loss transmission. Grid infrastructure remains the largest end-use segment.海上风电接入、洲际电力连接以及偏远可再生能源资源并网，正在扩大对长距离、低损耗输电的需求。电网基础设施仍是最大的终端应用领域。

Grid infrastructure share of global demand电网基础设施占全球需求份额

current estimate当前估计35 %

20352035年30 %

  • The report identifies offshore wind capacity additions as a primary demand driver, particularly in Europe and Asia-Pacific.报告将海上风电容量增长列为主要需求驱动因素，尤其是在欧洲和亚太地区。
  • Asia-Pacific is expected to remain the largest market, led by China's UHVDC projects.预计亚太地区仍将是最大的市场，中国的特高压直流项目将发挥带动作用。
Future signal前瞻信号

Scale and market outlook输电规模与市场前景

The market is moving toward higher power and voltage levels, including 5 GW bipolar capacity at ±525 kV for submarine cables and up to ±1100 kV for ultra-long overhead lines. The market index is projected to more than double from its 2025 base by 2035.市场正向更高功率和电压等级发展，包括海底电缆采用5吉瓦、±525千伏双极容量，以及超长距离架空线路最高达到±1100千伏。预计到2035年，市场指数将较2025年基准值翻一倍以上。

Market index市场指数

20352035年245 index points

2026-20352026年至2035年9.4 %

  • Submarine cable systems are described with 5 GW bipolar capacity at ±525 kV.报告所述海底电缆系统采用5吉瓦、±525千伏双极容量。
  • Ultra-long overhead lines can reach up to ±1100 kV.超长距离架空线路电压最高可达±1100千伏。
Contradiction矛盾之处

Supply-chain and regulatory constraints供应链与监管约束

Demand growth is accompanied by bottlenecks in high-power semiconductors and converter transformers, as well as differing grid codes across transmission operators. Supplier capacity expansions may ease some constraints by the late 2020s, but pricing is expected to remain firm.需求增长伴随着高功率半导体和换流变压器供应瓶颈，以及不同输电运营商电网规范带来的工程复杂性。供应商扩产可能在2020年代后期缓解部分约束，但预计价格仍将保持坚挺。

Lead time for certain configurations部分配置的交付周期

24 months or more24个月或更长

current outlook当前展望

  • Supply-chain volatility affects high-power IGBT/IGCT modules and converter transformers.供应链波动影响高功率IGBT/IGCT模块和换流变压器。
  • Regulatory fragmentation and varying grid codes increase engineering complexity and costs.监管碎片化和不同的电网规范增加了工程复杂性和成本。

03Timeline时间线

  1. 2026-10-05 IndexBox published its updated global HVDC converters market report.IndexBox发布全球高压直流换流器市场更新报告。

Key takeaway核心结论

HVDC converter demand is positioned for rapid expansion through 2035, but delivery capacity, specialized components and regulatory coordination will influence how quickly projects materialize.预计高压直流换流器需求将在2035年前快速扩张，但交付能力、专用部件供应和监管协调将影响项目落地速度。

04What to Watch后续关注

  1. Whether VSC systems exceed 75% of new project awards by the early 2030s.到2030年代初，电压源换流器是否会超过新项目授予量的75%。
  2. Whether supplier capacity expansions ease shortages of high-power semiconductors and converter transformers by the late 2020s.供应商扩产能否在2020年代后期缓解高功率半导体和换流变压器短缺。
  3. The pace of offshore wind, cross-border interconnection and remote-renewable transmission projects in Asia-Pacific and Europe.亚太和欧洲海上风电、跨境互联及偏远可再生能源输电项目的推进速度。
  4. Progress toward multi-terminal and meshed HVDC grids.多端和网状高压直流电网的发展进展。

05Uncertainties不确定因素

  • The report does not identify specific Japan- or South Korea-based projects or suppliers.报告未列出具体的日本或韩国项目及供应商。
  • Deployment may be delayed by permitting, financing constraints, long project lead times and shortages of skilled personnel.许可审批、融资限制、项目周期较长以及专业人才短缺可能导致部署延迟。
  • The forecast assumes strong offshore wind and intercontinental grid project pipelines, but the source does not quantify project cancellations or delays.该预测建立在海上风电和洲际电网项目储备强劲的基础上，但来源未量化项目取消或延期情况。

06Sources信息来源

  1. HVDC Converters Market To 2035: Offshore Wind and Grid Interconnection Drive Expansion - News and Statistics - IndexBoxHVDC Converters Market To 2035: Offshore Wind and Grid Interconnection Drive Expansion - News and Statistics - IndexBox IndexBox · 2026-10-05

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