According to the GlobalData's latest study on the HVDC converter stations market, the global HVDC converter stations market held an aggregate value of $20.94 billion between 2014 and 2018, with the aggregate market value likely to be $32.88 billion between 2019 and 2023.

This growth is expected to originate from China, India, the UK, Germany and Brazil, which will account for more than 75% of the global market share during the period.

Specifically, the report reveals that China led the global HVDC converter station market with an aggregate market value of $14.5 billion between 2013 and 2018. China's State Grid Corporation of China estimated an investment of $36.5 billion in UHV expansion during the Five-Year Plan period 2016-2020.

Brazil ranked second in the global HVDC converter station market, with an aggregate market value of $2.11 billion during the period 2013-2018.

During the forecast period of 2019-2023, China is expected to continue to hold its leading position, followed by India and the UK.

Source: GlobalData