The HVDC transmission systems market in Australia will significantly growing and expanding from USD 13,575.4 million in 2025 to USD 26,209.9 million by 2035 and the market expected to achieve a growth rate of 6.8% over the forecasted period. This market growth reveals an increasing focus on energy-efficient transmission technologies.
HVDC systems are empowering the high-efficiency, power transmission long-distance and including renewable energy sources into the grid. The HVDC system supports the Australia's shift towards the sustainable energy future by lowering the transmission losses and improving grid stability and performance.
As a sudden increase in the renewable energy projects, foreign investments in grid modernization, and inter-state energy sharing to address localized demand and supply imbalances drive the growth in the market.
Acceptance of the HVDC systems aligns with Australia's national energy policies and emphasizing infrastructure upgrades, renewable energy targets, enhanced energy reliability and reduced carbon emissions.
Exclusive Offer: 30% Off on Regional Reports
Get a free sample report and customize your regions for a 30% discount on your regional report!
| Attribute | Description |
|---|---|
| Historical Size, 2024 | USD 12,711.0 million |
| Estimated Size, 2025 | USD 13,575.4 million |
| Projected Size, 2035 | USD 26,209.9 million |
| CAGR% (2025 to 2035) | 6.8% |
Among 2020 & 2024, the HVDC market has grown steadily, reaching a growth rate of 12.8%. Government Sponsored renewable energy initiatives, infrastructure projects, investments and efforts to reduce substantial transmission losses has fuelled this growth. In 2024, major renewable energy projects and foreign direct investments set the stage for forthcoming expansion.
From 2025 to 2035, significant HVDC projects, offshore wind energy integration, and increasing grid interconnectivity between states will drive market expansion. Technological advancements like voltage-source converters and ultra-high voltage DC systems will accelerate adoption.
Integration of Renewable Energy Sources across country
Australia influences HVDC systems to connect remote renewable energy sites to demand centers, ensuring minimal energy losses and enhanced grid stability.
Federal Government Policies and Investments
Federal programs like the National Energy Grid Plan and state initiatives such as the Victorian Renewable Energy Target (VRET) drive HVDC adoption. These policies prioritize energy infrastructure modernization and integrating large-scale renewable energy projects, with substantial funding allocated for HVDC development.
Offshore Wind and Inter-State Interconnectors in country
The offshore wind energy projects such as the Star of the South in Victoria are rely on HVDC solutions for efficient energy transmission. Moreover, inter-state interconnectors like Energy Connect (linking New South Wales and South Australia) utilize HVDC technology to enhance grid reliability and capacity.
The Advancements in the Converter Technologies
modular multi-level converters (MMC) and Innovations in voltage-source converters are transforming HVDC systems. These advancements are improving the flexibility, reduce operational costs, and enhance compatibility with renewable energy sources.
Environmental and Cost Benefits
HVDC systems reduce transmission losses and environmental impact compared to traditional AC systems. These systems optimize long-distance energy transfer, minimize land usage, and reduce carbon emissions, supporting Australia’s sustainability goals.
HVDC systems serve both offshore and onshore energy projects. Offshore applications, especially wind farms, drive demand for HVDC solutions to transfer energy efficiently from remote locations. Onshore projects benefit from HVDC’s ability to connect regional grids and manage fluctuating energy demand.
| Segment | CAGR (2025 to 2035) |
|---|---|
| Offshore Applications | 15.6% |
Converter stations enable the conversion of AC to DC and vice versa, playing a vital role in HVDC systems. These stations ensure energy efficiency, grid stability, and seamless integration of renewable energy sources. Leading manufacturers like Hitachi Energy and Siemens Energy continue to innovate in converter technologies to enhance system performance.
| Segment | Market Share (2025) |
|---|---|
| Converter Stations (Component) | 34.2% |
Eastern states such as New South Wales, Victoria, and Queensland lead HVDC adoption due to high renewable energy penetration and interconnection needs. Projects like the Victoria-New South Wales Interconnector (VNI) demonstrate HVDC systems' importance in regional energy strategies.
| Region | Market Share (2025) |
|---|---|
| Eastern States | 47.5% |
Global giants and regional players dominate the Australian HVDC market. Companies such as Hitachi Energy, Siemens Energy, ABB Ltd, and GE Grid Solutions control 60% of the market. These firms deliver advanced HVDC technologies and turnkey solutions.
Regional specialists like Downer Group and UGL Limited offer cost-effective solutions tailored to Australia’s unique energy landscape. Emerging players focus on niche applications like offshore wind and microgrid integration, fostering a dynamic and competitive ecosystem.
Check Free Sample Report & Save 40%!
Select your niche segments and personalize your insights for smart savings. Cut costs now!
The HVDC Systems market will reach USD 13,575.4 million in 2025.
The market will be extent to USD 26,209.9 million by the 2035.
Between 2025 & 2035, the market will grow at a CAGR of 6.8%.
The Converter stations segment hold the foremost market share, driven by technical expansions and integration requirements.
Siemens Energy, Hitachi Energy, ABB Ltd are the top most players in the Australian market.
Explore Electronics & Components Insights
View Reports
Australia HVDC Transmission Systems Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
