Converter transformers – A crucial component of HVDC system

Sa？etak Global HVDC converter transformer market is projected to reach $5.3 billion by 2025 at a CAGR of approximately 18 %. The market is mainly driven by new installations of HVDC systems for new off-shore wind systems and long-distance power transfer to load centers, however, refurbishment also play a significant role. Some of the leading players in the global HVDC converter transformer market today are ABB, Siemens, GE-Alstom, BHEL, TBEA, XD transformers, NR Electric, RXPE and C-EPRI. ABB and Siemens still have the largest market share of HVDC systems globally and are well positioned to win projects in Europe, North and South America