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Analytical Report of HVDC Transmission System Sales in Western Europe from 2023 to 2033

Western Europe is poised to witness a surge in demand for HVDC transmission systems, particularly in the United Kingdom and Germany. The region is expected to experience compound annual growth rate of 8.1% through 2033 for HVDC transmission system. By 2033, the industry valuation is anticipated to reach US$ 4,824 million, up from the 2023 value of US$ 2,464 million.

Attributes Details
Industry Size of Western Europe in 2023 US$ 2,464 million
Expected Industry Size of Western Europe by 2033 US$ 4,824 million
Forecasted CAGR between 2023 to 2033 8.1%

HVDC transmission systems are increasingly employed for bulk power transmission, grid interconnection, and supplying power to urban areas. Environmental impact can be minimized through the use of biodegradable insulating fluids and energy conservation. Research and development efforts remain centered on innovative HVDC technology, with a focus on cost reduction, voltage increase, and capacity enhancement.

Renewable energy sources and the growing demand for enhanced supply security are propelling the adoption of HVDC grid technology in the country. Offshore wind, solar photovoltaics, and grid expansion necessitate a smart energy infrastructure to balance their fluctuating supply.

Key Insights that Boost the Sales of HVDC Transmission System in Western Europe

  • HVDC systems are becoming more efficient and reliable with the integration of digital technologies and advanced control systems.
  • Environmental concerns are driving the development of environmentally friendly HVDC technologies.
  • Policies and incentives can be implemented to promote HVDC investment, improve grid reliability, and modernize the grid.
  • With the expanding electric vehicle industry, the demand for high-capacity and efficient charging infrastructure is likely to continue to grow.
  • HVDC technology offers a viable solution for establishing fast-charging networks.

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Key Trends Influencing Demand for HVDC Transmission System in Western Europe

  • HVDC systems based on VSCs are becoming more popular as they offer enhanced reliability and flexibility.
  • Cable-based transmission is gaining global traction as an alternative to high-voltage transmission lines.
  • With the electrical industry experiencing continuous growth, it plays a significant role in achieving the industry's growth goals.
  • Investments in smart cities are lucrative due to their increased utilization of smart technologies in managing assets and resources.
  • Real-time monitoring and predictive maintenance have become integral parts of HVDC transmission.

Comparative View of Adjacent Western Europe HVDC Transmission System

Based on the table below, a comparison is made between the HVDC transmission system industry in Western Europe, Korea, and Japan.

Western Europe HVDC Transmission System:

Attributes Western Europe HVDC Transmission System
Forecast CAGR between 2023 to 2033 8.1%
Industry Size by 2033 US$ 4,824 million
Key Trends Subsea projects and green initiatives are key trends.
Key Opportunities Technological innovations and government regulations to drive opportunities.

Korea HVDC Transmission System:

Attributes Korea HVDC Transmission System
Forecast CAGR between 2023 to 2033 10.8%
Industry Size by 2033 US$ 646.9 million
Key Trends A growing concern for the environment and a demand for energy storage integration are driving the trend
Key Opportunities Offshore wind power transmission projects to further create opportunities.

Japan HVDC Transmission System:

Attributes Japan HVDC Transmission System
Forecast CAGR between 2023 to 2033 9.4%
Industry Size by 2033 US$ 1,478 million
Key Trends Adoption of HVDC technology and public awareness to trend the growth.
Key Opportunities Energy infrastructure projects and government initiatives to provide opportunities.
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Category wise Insights

Renewable Energy Sources and Technologies to Drive VSC Demand

Technology such as VSC plays a crucial role in enhancing the performance and capabilities of HVDC systems. Voltage and frequency can be precisely controlled with VSC-based HVDC systems, providing greater flexibility and grid stability. Given the inherent variability of renewable energy sources, this capability is essential for their seamless integration. Hence, the segment is expected to hold an industry share of 61.6% in 2023.

Western Europe HVDC Transmission Systems by Technology Voltage Source Converters (VSC) Technology
Expected Revenue Share in 2023 61.6%

Grid stability is significantly fortified by VSCs, especially when disturbances or fluctuations in power supply occur. Maintaining grid stability is facilitated by VSCs, which offer rapid reactive power response. In comparison to AC transmission, HVDC transmission generally experiences fewer electrical interferences. This efficiency is further augmented by VSC technology.

Wind and solar energy can be seamlessly integrated into the grid with VSC-HVDC systems. Given the intermittent and variable nature of these energy sources, transitioning them into the grid becomes smoother. In cases involving underground and underwater cables, VSC-HVDC is often preferred over traditional AC transmission for both practical and environmental considerations.

Increased Cables and Connections to Grow Demand in HVDC Transmission System

High Voltage Direct Current (HVDC) transmission systems, capable of transmitting over 2000 MW of power, typically incorporate advanced technology and devices. As a result, demand for this system is growing across Western Europe

Western Europe HVDC Transmission Systems by Power Rating Above 2000 MW
Expected Revenue Share in 2023 38.2%

Power can be transmitted through densely populated areas and across bodies of water using submarine or underground cable systems. Additionally, apart from facilitating efficient power transmission, these cables are designed to withstand high voltages.

Country wise Insights

Western Europe HVDC Transmission Systems CAGR from 2023 to 2033
United Kingdom 6.6%
Germany 8.0%
France 6.1%

Initiatives to Reduce Carbon Emission to Grow Demand for HVDC Transmission System in United Kingdom

According to the forecast, the HVDC transmission systems industry in Western Europe could experience significant growth, particularly in the United Kingdom, over the next few years. The industry in the United Kingdom is expected to achieve a CAGR of 6.6% during the forecast period.

A low-carbon economy is becoming increasingly important for the United Kingdom as the country's power generation mix undergoes changes. Additionally, the country has enacted several policies to propel it towards a low-carbon energy future.

Rising Energy Projects to Increase Demand for HVDC Transmission System in Germany

Germany holds the prime share of HVDC transmission in the European region and boasts one of the fastest-growing industries. Government support could expedite industrialization, while economic growth could spur demand. The number of transmission infrastructure projects and investments is increasing in an effort to bolster economic growth. The industry is expected to experience a CAGR of 8.0% during the forecast period in this country.

Siemens Energy, for example, teamed up with Italy's FATA to supply four converter stations to Terna in support of the "Tyrrhenian Link" project, which connects mainland Italy, Sicily and Sardinia via a 970 km HVDC link. This project is going to result in a more stable island power grid, enabling the utilization of renewable energy and the closure of coal-fired power plants, leading to reduced CO2 emissions.

France to Gain Traction in HVDC Transmission System in Next Few Years

The development of smart cities and the requirement for submarine power transmission systems are driving an increase in demand. Investing in smart technologies and asset management is likely to further enhance demand in the future. As renewable energy facilities continue to be constructed and fossil fuels are phased out, the industry is expected to experience considerable growth.

With HVDC transmission, electricity can be conveyed more efficiently from remote renewable power plants, bypassing the HVAC system. This makes it an ideal choice for long-distance transmission. The integration of renewable energy and the necessity to bolster supply security are anticipated to drive advancements in HVDC grid technology.

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Competitive Landscape

Companies are looking to strengthen their industry position by focusing on new projects related to transmission and distribution. Leading players in the HVDC transmission industry are making significant investments in research and development. Industry participants are undertaking multiple strategic initiatives to broaden their footprint, including the launch of new products, mergers and acquisitions, and increased investments.

Recent Developments Observed in Western Europe HVDC Transmission System Business

  • In July 2023, the National Grid Electricity Transmission Company (NGET) and SSEN Transmission announced their partnership to build a five-year super high voltage DC (HVDC) power system along the United Kingdom's eastern coast.
  • In September 2023, Prysmian completed the construction of a 1,400-kilometer high-voltage direct current (HVDC) submarine transmission line that connects Denmark with the United Kingdom. According to a cable manufacturer based in Italy, the new transmission line is going to start operating by the end of the year at a voltage of 525 kV DC.

Scope of the Report

Attributes Details
Estimated Industry Size in 2023 US$ 2,464 million
Projected Industry Valuation by 2033 US$ 4,824 million
Value-based CAGR 2023 to 2033 8.1%
Historical Analysis of the HVDC Transmission System in Western Europe 2018 to 2022
Demand Forecast for HVDC Transmission System in Western Europe 2023 to 2033
Report Coverage Industry Size, Industry Trends, Analysis of key factors influencing HVDC Transmission System in Western Europe Insights on Global Players and their Industry Strategy in Western Europe, Ecosystem Analysis of Local and Regional Western Europe Providers
Key Countries Analyzed While Studying Opportunites in HVDC Transmission System in Western Europe
  • Germany
  • Italy
  • France
  • United Kingdom
  • Spain
  • BENELUX
  • Nordic
  • Rest of Western Europe
Key Companies Profiled
  • ADM (Archer Daniels Midland Company)
  • Cargill
  • DuPont
  • Kerry Group
  • Soyuzprodimport
  • Roquette Freres
  • Emsland Group
  • Kerry Ingredients
  • The Scoular Company
  • Aviom Foods

Some of the Important Players in HVDC Transmission System in Western Europe

  • ABB Group
  • Siemens Energy
  • General Electric (GE)
  • Nexans
  • Prysmian Group
  • NKT
  • Elia Group
  • Tennet
  • RTE

Key Segments

By System Component:

  • HVDC Transmission System Solution
  • AC & DC Harmonic Filters
  • Converters
  • DC Lines
  • Circuit Breakers
  • Others
  • HVDC Transmission System Services

By Technology:

  • LCC
  • VSC
  • Others

By Deployment:

  • Overhead
  • Underground
  • Subsea
  • Combination

By Power Rating:

  • Below 1000 MW
  • 1000 to 2000 MW
  • 2000 MW & above

By Country:

  • Germany
  • Italy
  • France
  • United Kingdom
  • Spain
  • BENELUX
  • Nordic
  • Rest of Western Europe

Frequently Asked Questions

What is the Industry Size for HVDC Transmission System in Western Europe?

The HVDC transmission system industry in Western Europe is valued at US$ 2,464 million.

By 2033, what will be the Industry Share of the HVDC Transmission System in Western Europe?

The total value of the HVDC transmission system in Western Europe is likely to reach US$ 4,824 million by 2033.

What is the Anticipated Growth Rate of the HVDC Transmission System in Western Europe?

The HVDC transmission system in Western Europe is projected to increase at an 8.1% CAGR from 2023 to 2033.

Which Technology Type of HVDC Transmission System in Western Europe is Primarily Preferred?

The VSC technology is widely used for HVDC transmission in Western Europe.

Table of Content

1. Executive Summary

    1.1. Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Investment Feasibility Matrix

    3.5. PESTLE and Porter’s Analysis

    3.6. Regulatory Landscape

        3.6.1. By Key Regions

        3.6.2. By Key Countries

    3.7. Regional Parent Market Outlook

4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By System Component

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) Analysis By System Component, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By System Component, 2023 to 2033

        5.3.1. Solution

            5.3.1.1. AC & DC Harmonic Filters

            5.3.1.2. Converters

            5.3.1.3. DC Lines

            5.3.1.4. Circuit Breakers

            5.3.1.5. Others

        5.3.2. Services

    5.4. Y-o-Y Growth Trend Analysis By System Component, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By System Component, 2023 to 2033

6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Technology

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) Analysis By Technology, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Technology, 2023 to 2033

        6.3.1. LCC

        6.3.2. VSC

        6.3.3. Others

    6.4. Y-o-Y Growth Trend Analysis By Technology, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Technology, 2023 to 2033

7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Deployment

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Million) Analysis By Deployment, 2018 to 2022

    7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Deployment, 2023 to 2033

        7.3.1. Overhead

        7.3.2. Underground

        7.3.3. Subsea

        7.3.4. Combination

    7.4. Y-o-Y Growth Trend Analysis By Deployment, 2018 to 2022

    7.5. Absolute $ Opportunity Analysis By Deployment, 2023 to 2033

8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Power Rating

    8.1. Introduction / Key Findings

    8.2. Historical Market Size Value (US$ Million) Analysis By Power Rating, 2018 to 2022

    8.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Power Rating, 2023 to 2033

        8.3.1. Below 1000 MW

        8.3.2. 1000 to 2000 MW

        8.3.3. 2000 MW & above

    8.4. Y-o-Y Growth Trend Analysis By Power Rating, 2018 to 2022

    8.5. Absolute $ Opportunity Analysis By Power Rating, 2023 to 2033

9. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Country

    9.1. Introduction

    9.2. Historical Market Size Value (US$ Million) Analysis By Country, 2018 to 2022

    9.3. Current Market Size Value (US$ Million) Analysis and Forecast By Country, 2023 to 2033

        9.3.1. UK

        9.3.2. Germany

        9.3.3. Italy

        9.3.4. France

        9.3.5. Spain

        9.3.6. Rest of Western Europe

    9.4. Market Attractiveness Analysis By Country

10. UK Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region

    10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        10.2.1. By Region

            10.2.1.1. England

            10.2.1.2. Scotland

            10.2.1.3. Wales

            10.2.1.4. Northern Ireland

        10.2.2. By System Component

        10.2.3. By Technology

        10.2.4. By Deployment

        10.2.5. By Power Rating

    10.3. Market Attractiveness Analysis

        10.3.1. By Region

        10.3.2. By System Component

        10.3.3. By Technology

        10.3.4. By Deployment

        10.3.5. By Power Rating

    10.4. Key Takeaways

11. Germany Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region

    11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Region

            11.2.1.1. North-east (Germany)

            11.2.1.2. North-west (Germany)

            11.2.1.3. Central (Germany)

            11.2.1.4. South (Germany)

            11.2.1.5. Other(Germany)

        11.2.2. By System Component

        11.2.3. By Technology

        11.2.4. By Deployment

        11.2.5. By Power Rating

    11.3. Market Attractiveness Analysis

        11.3.1. By Region

        11.3.2. By System Component

        11.3.3. By Technology

        11.3.4. By Deployment

        11.3.5. By Power Rating

    11.4. Key Takeaways

12. Italy Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region

    12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Region

            12.2.1.1. North (Italy)

            12.2.1.2. Central (Italy)

            12.2.1.3. South (Italy)

            12.2.1.4. Islands (Italy)

        12.2.2. By System Component

        12.2.3. By Technology

        12.2.4. By Deployment

        12.2.5. By Power Rating

    12.3. Market Attractiveness Analysis

        12.3.1. By Region

        12.3.2. By System Component

        12.3.3. By Technology

        12.3.4. By Deployment

        12.3.5. By Power Rating

    12.4. Key Takeaways

13. France Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region

    13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Region

            13.2.1.1. Northern (France)

            13.2.1.2. Central (France)

            13.2.1.3. Southern (France)

            13.2.1.4. Eastern (France)

        13.2.2. By System Component

        13.2.3. By Technology

        13.2.4. By Deployment

        13.2.5. By Power Rating

    13.3. Market Attractiveness Analysis

        13.3.1. By Region

        13.3.2. By System Component

        13.3.3. By Technology

        13.3.4. By Deployment

        13.3.5. By Power Rating

    13.4. Key Takeaways

14. Spain Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region

    14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        14.2.1. By Region

            14.2.1.1. Basque Country

            14.2.1.2. Andalusia

            14.2.1.3. Extremadura

            14.2.1.4. Catalonia

            14.2.1.5. Valencia

            14.2.1.6. Rest of Spain

        14.2.2. By System Component

        14.2.3. By Technology

        14.2.4. By Deployment

        14.2.5. By Power Rating

    14.3. Market Attractiveness Analysis

        14.3.1. By Region

        14.3.2. By System Component

        14.3.3. By Technology

        14.3.4. By Deployment

        14.3.5. By Power Rating

    14.4. Key Takeaways

15. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033

    15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        15.2.1. By System Component

        15.2.2. By Technology

        15.2.3. By Deployment

        15.2.4. By Power Rating

    15.3. Market Attractiveness Analysis

        15.3.1. By System Component

        15.3.2. By Technology

        15.3.3. By Deployment

        15.3.4. By Power Rating

    15.4. Key Takeaways

16. Market Structure Analysis

    16.1. Competition Dashboard

    16.2. Competition Benchmarking

    16.3. Market Share Analysis of Top Players

        16.3.1. By Regional

        16.3.2. By System Component

        16.3.3. By Technology

        16.3.4. By Deployment

        16.3.5. By Power Rating

17. Competition Analysis

    17.1. Competition Deep Dive

        17.1.1. ABB Ltd.

            17.1.1.1. Overview

            17.1.1.2. Product Portfolio

            17.1.1.3. Profitability by Market Segments

            17.1.1.4. Sales Footprint

            17.1.1.5. Strategy Overview

                17.1.1.5.1. Marketing Strategy

        17.1.2. Siemens AG

            17.1.2.1. Overview

            17.1.2.2. Product Portfolio

            17.1.2.3. Profitability by Market Segments

            17.1.2.4. Sales Footprint

            17.1.2.5. Strategy Overview

                17.1.2.5.1. Marketing Strategy

        17.1.3. Toshiba Corporation

            17.1.3.1. Overview

            17.1.3.2. Product Portfolio

            17.1.3.3. Profitability by Market Segments

            17.1.3.4. Sales Footprint

            17.1.3.5. Strategy Overview

                17.1.3.5.1. Marketing Strategy

        17.1.4. General Electric Co.

            17.1.4.1. Overview

            17.1.4.2. Product Portfolio

            17.1.4.3. Profitability by Market Segments

            17.1.4.4. Sales Footprint

            17.1.4.5. Strategy Overview

                17.1.4.5.1. Marketing Strategy

        17.1.5. Mitsubishi Electric Corporation

            17.1.5.1. Overview

            17.1.5.2. Product Portfolio

            17.1.5.3. Profitability by Market Segments

            17.1.5.4. Sales Footprint

            17.1.5.5. Strategy Overview

                17.1.5.5.1. Marketing Strategy

        17.1.6. Prysmian SpA

            17.1.6.1. Overview

            17.1.6.2. Product Portfolio

            17.1.6.3. Profitability by Market Segments

            17.1.6.4. Sales Footprint

            17.1.6.5. Strategy Overview

                17.1.6.5.1. Marketing Strategy

        17.1.7. TransGrid Solutions Inc.

            17.1.7.1. Overview

            17.1.7.2. Product Portfolio

            17.1.7.3. Profitability by Market Segments

            17.1.7.4. Sales Footprint

            17.1.7.5. Strategy Overview

                17.1.7.5.1. Marketing Strategy

        17.1.8. Abengoa S.A.

            17.1.8.1. Overview

            17.1.8.2. Product Portfolio

            17.1.8.3. Profitability by Market Segments

            17.1.8.4. Sales Footprint

            17.1.8.5. Strategy Overview

                17.1.8.5.1. Marketing Strategy

        17.1.9. ATCO LTD.

            17.1.9.1. Overview

            17.1.9.2. Product Portfolio

            17.1.9.3. Profitability by Market Segments

            17.1.9.4. Sales Footprint

            17.1.9.5. Strategy Overview

                17.1.9.5.1. Marketing Strategy

        17.1.10. LS Industrial Systems Co., Ltd.

            17.1.10.1. Overview

            17.1.10.2. Product Portfolio

            17.1.10.3. Profitability by Market Segments

            17.1.10.4. Sales Footprint

            17.1.10.5. Strategy Overview

                17.1.10.5.1. Marketing Strategy

18. Assumptions & Acronyms Used

19. Research Methodology

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List of Tables

Table 1: Industry Analysis and Outlook Value (US$ Million) Forecast by Country, 2018 to 2033

Table 2: Industry Analysis and Outlook Value (US$ Million) Forecast by System Component, 2018 to 2033

Table 3: Industry Analysis and Outlook Value (US$ Million) Forecast by Technology, 2018 to 2033

Table 4: Industry Analysis and Outlook Value (US$ Million) Forecast by Deployment, 2018 to 2033

Table 5: Industry Analysis and Outlook Value (US$ Million) Forecast by Power Rating, 2018 to 2033

Table 6: UK Industry Analysis and Outlook Value (US$ Million) Forecast By Region, 2018 to 2033

Table 7: UK Industry Analysis and Outlook Value (US$ Million) Forecast by System Component, 2018 to 2033

Table 8: UK Industry Analysis and Outlook Value (US$ Million) Forecast by Technology, 2018 to 2033

Table 9: UK Industry Analysis and Outlook Value (US$ Million) Forecast by Deployment, 2018 to 2033

Table 10: UK Industry Analysis and Outlook Value (US$ Million) Forecast by Power Rating, 2018 to 2033

Table 11: Germany Industry Analysis and Outlook Value (US$ Million) Forecast By Region, 2018 to 2033

Table 12: Germany Industry Analysis and Outlook Value (US$ Million) Forecast by System Component, 2018 to 2033

Table 13: Germany Industry Analysis and Outlook Value (US$ Million) Forecast by Technology, 2018 to 2033

Table 14: Germany Industry Analysis and Outlook Value (US$ Million) Forecast by Deployment, 2018 to 2033

Table 15: Germany Industry Analysis and Outlook Value (US$ Million) Forecast by Power Rating, 2018 to 2033

Table 16: Italy Industry Analysis and Outlook Value (US$ Million) Forecast By Region, 2018 to 2033

Table 17: Italy Industry Analysis and Outlook Value (US$ Million) Forecast by System Component, 2018 to 2033

Table 18: Italy Industry Analysis and Outlook Value (US$ Million) Forecast by Technology, 2018 to 2033

Table 19: Italy Industry Analysis and Outlook Value (US$ Million) Forecast by Deployment, 2018 to 2033

Table 20: Italy Industry Analysis and Outlook Value (US$ Million) Forecast by Power Rating, 2018 to 2033

Table 21: France Industry Analysis and Outlook Value (US$ Million) Forecast By Region, 2018 to 2033

Table 22: France Industry Analysis and Outlook Value (US$ Million) Forecast by System Component, 2018 to 2033

Table 23: France Industry Analysis and Outlook Value (US$ Million) Forecast by Technology, 2018 to 2033

Table 24: France Industry Analysis and Outlook Value (US$ Million) Forecast by Deployment, 2018 to 2033

Table 25: France Industry Analysis and Outlook Value (US$ Million) Forecast by Power Rating, 2018 to 2033

Table 26: Spain Industry Analysis and Outlook Value (US$ Million) Forecast By Region, 2018 to 2033

Table 27: Spain Industry Analysis and Outlook Value (US$ Million) Forecast by System Component, 2018 to 2033

Table 28: Spain Industry Analysis and Outlook Value (US$ Million) Forecast by Technology, 2018 to 2033

Table 29: Spain Industry Analysis and Outlook Value (US$ Million) Forecast by Deployment, 2018 to 2033

Table 30: Spain Industry Analysis and Outlook Value (US$ Million) Forecast by Power Rating, 2018 to 2033

Table 31: Rest of Industry Analysis and Outlook Value (US$ Million) Forecast by System Component, 2018 to 2033

Table 32: Rest of Industry Analysis and Outlook Value (US$ Million) Forecast by Technology, 2018 to 2033

Table 33: Rest of Industry Analysis and Outlook Value (US$ Million) Forecast by Deployment, 2018 to 2033

Table 34: Rest of Industry Analysis and Outlook Value (US$ Million) Forecast by Power Rating, 2018 to 2033
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List of Charts

Figure 1: Industry Analysis and Outlook Value (US$ Million) by System Component, 2023 to 2033

Figure 2: Industry Analysis and Outlook Value (US$ Million) by Technology, 2023 to 2033

Figure 3: Industry Analysis and Outlook Value (US$ Million) by Deployment, 2023 to 2033

Figure 4: Industry Analysis and Outlook Value (US$ Million) by Power Rating, 2023 to 2033

Figure 5: Industry Analysis and Outlook Value (US$ Million) by Country, 2023 to 2033

Figure 6: Industry Analysis and Outlook Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 7: Industry Analysis and Outlook Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 8: Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 9: Industry Analysis and Outlook Value (US$ Million) Analysis by System Component, 2018 to 2033

Figure 10: Industry Analysis and Outlook Value Share (%) and BPS Analysis by System Component, 2023 to 2033

Figure 11: Industry Analysis and Outlook Y-o-Y Growth (%) Projections by System Component, 2023 to 2033

Figure 12: Industry Analysis and Outlook Value (US$ Million) Analysis by Technology, 2018 to 2033

Figure 13: Industry Analysis and Outlook Value Share (%) and BPS Analysis by Technology, 2023 to 2033

Figure 14: Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Technology, 2023 to 2033

Figure 15: Industry Analysis and Outlook Value (US$ Million) Analysis by Deployment, 2018 to 2033

Figure 16: Industry Analysis and Outlook Value Share (%) and BPS Analysis by Deployment, 2023 to 2033

Figure 17: Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033

Figure 18: Industry Analysis and Outlook Value (US$ Million) Analysis by Power Rating, 2018 to 2033

Figure 19: Industry Analysis and Outlook Value Share (%) and BPS Analysis by Power Rating, 2023 to 2033

Figure 20: Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Power Rating, 2023 to 2033

Figure 21: Industry Analysis and Outlook Attractiveness by System Component, 2023 to 2033

Figure 22: Industry Analysis and Outlook Attractiveness by Technology, 2023 to 2033

Figure 23: Industry Analysis and Outlook Attractiveness by Deployment, 2023 to 2033

Figure 24: Industry Analysis and Outlook Attractiveness by Power Rating, 2023 to 2033

Figure 25: Industry Analysis and Outlook Attractiveness by Region, 2023 to 2033

Figure 26: UK Industry Analysis and Outlook Value (US$ Million) by System Component, 2023 to 2033

Figure 27: UK Industry Analysis and Outlook Value (US$ Million) by Technology, 2023 to 2033

Figure 28: UK Industry Analysis and Outlook Value (US$ Million) by Deployment, 2023 to 2033

Figure 29: UK Industry Analysis and Outlook Value (US$ Million) by Power Rating, 2023 to 2033

Figure 30: UK Industry Analysis and Outlook Value (US$ Million) By Region, 2023 to 2033

Figure 31: UK Industry Analysis and Outlook Value (US$ Million) Analysis By Region, 2018 to 2033

Figure 32: UK Industry Analysis and Outlook Value Share (%) and BPS Analysis By Region, 2023 to 2033

Figure 33: UK Industry Analysis and Outlook Y-o-Y Growth (%) Projections By Region, 2023 to 2033

Figure 34: UK Industry Analysis and Outlook Value (US$ Million) Analysis by System Component, 2018 to 2033

Figure 35: UK Industry Analysis and Outlook Value Share (%) and BPS Analysis by System Component, 2023 to 2033

Figure 36: UK Industry Analysis and Outlook Y-o-Y Growth (%) Projections by System Component, 2023 to 2033

Figure 37: UK Industry Analysis and Outlook Value (US$ Million) Analysis by Technology, 2018 to 2033

Figure 38: UK Industry Analysis and Outlook Value Share (%) and BPS Analysis by Technology, 2023 to 2033

Figure 39: UK Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Technology, 2023 to 2033

Figure 40: UK Industry Analysis and Outlook Value (US$ Million) Analysis by Deployment, 2018 to 2033

Figure 41: UK Industry Analysis and Outlook Value Share (%) and BPS Analysis by Deployment, 2023 to 2033

Figure 42: UK Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033

Figure 43: UK Industry Analysis and Outlook Value (US$ Million) Analysis by Power Rating, 2018 to 2033

Figure 44: UK Industry Analysis and Outlook Value Share (%) and BPS Analysis by Power Rating, 2023 to 2033

Figure 45: UK Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Power Rating, 2023 to 2033

Figure 46: UK Industry Analysis and Outlook Attractiveness by System Component, 2023 to 2033

Figure 47: UK Industry Analysis and Outlook Attractiveness by Technology, 2023 to 2033

Figure 48: UK Industry Analysis and Outlook Attractiveness by Deployment, 2023 to 2033

Figure 49: UK Industry Analysis and Outlook Attractiveness by Power Rating, 2023 to 2033

Figure 50: UK Industry Analysis and Outlook Attractiveness By Region, 2023 to 2033

Figure 51: Germany Industry Analysis and Outlook Value (US$ Million) by System Component, 2023 to 2033

Figure 52: Germany Industry Analysis and Outlook Value (US$ Million) by Technology, 2023 to 2033

Figure 53: Germany Industry Analysis and Outlook Value (US$ Million) by Deployment, 2023 to 2033

Figure 54: Germany Industry Analysis and Outlook Value (US$ Million) by Power Rating, 2023 to 2033

Figure 55: Germany Industry Analysis and Outlook Value (US$ Million) By Region, 2023 to 2033

Figure 56: Germany Industry Analysis and Outlook Value (US$ Million) Analysis By Region, 2018 to 2033

Figure 57: Germany Industry Analysis and Outlook Value Share (%) and BPS Analysis By Region, 2023 to 2033

Figure 58: Germany Industry Analysis and Outlook Y-o-Y Growth (%) Projections By Region, 2023 to 2033

Figure 59: Germany Industry Analysis and Outlook Value (US$ Million) Analysis by System Component, 2018 to 2033

Figure 60: Germany Industry Analysis and Outlook Value Share (%) and BPS Analysis by System Component, 2023 to 2033

Figure 61: Germany Industry Analysis and Outlook Y-o-Y Growth (%) Projections by System Component, 2023 to 2033

Figure 62: Germany Industry Analysis and Outlook Value (US$ Million) Analysis by Technology, 2018 to 2033

Figure 63: Germany Industry Analysis and Outlook Value Share (%) and BPS Analysis by Technology, 2023 to 2033

Figure 64: Germany Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Technology, 2023 to 2033

Figure 65: Germany Industry Analysis and Outlook Value (US$ Million) Analysis by Deployment, 2018 to 2033

Figure 66: Germany Industry Analysis and Outlook Value Share (%) and BPS Analysis by Deployment, 2023 to 2033

Figure 67: Germany Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033

Figure 68: Germany Industry Analysis and Outlook Value (US$ Million) Analysis by Power Rating, 2018 to 2033

Figure 69: Germany Industry Analysis and Outlook Value Share (%) and BPS Analysis by Power Rating, 2023 to 2033

Figure 70: Germany Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Power Rating, 2023 to 2033

Figure 71: Germany Industry Analysis and Outlook Attractiveness by System Component, 2023 to 2033

Figure 72: Germany Industry Analysis and Outlook Attractiveness by Technology, 2023 to 2033

Figure 73: Germany Industry Analysis and Outlook Attractiveness by Deployment, 2023 to 2033

Figure 74: Germany Industry Analysis and Outlook Attractiveness by Power Rating, 2023 to 2033

Figure 75: Germany Industry Analysis and Outlook Attractiveness By Region, 2023 to 2033

Figure 76: Italy Industry Analysis and Outlook Value (US$ Million) by System Component, 2023 to 2033

Figure 77: Italy Industry Analysis and Outlook Value (US$ Million) by Technology, 2023 to 2033

Figure 78: Italy Industry Analysis and Outlook Value (US$ Million) by Deployment, 2023 to 2033

Figure 79: Italy Industry Analysis and Outlook Value (US$ Million) by Power Rating, 2023 to 2033

Figure 80: Italy Industry Analysis and Outlook Value (US$ Million) By Region, 2023 to 2033

Figure 81: Italy Industry Analysis and Outlook Value (US$ Million) Analysis By Region, 2018 to 2033

Figure 82: Italy Industry Analysis and Outlook Value Share (%) and BPS Analysis By Region, 2023 to 2033

Figure 83: Italy Industry Analysis and Outlook Y-o-Y Growth (%) Projections By Region, 2023 to 2033

Figure 84: Italy Industry Analysis and Outlook Value (US$ Million) Analysis by System Component, 2018 to 2033

Figure 85: Italy Industry Analysis and Outlook Value Share (%) and BPS Analysis by System Component, 2023 to 2033

Figure 86: Italy Industry Analysis and Outlook Y-o-Y Growth (%) Projections by System Component, 2023 to 2033

Figure 87: Italy Industry Analysis and Outlook Value (US$ Million) Analysis by Technology, 2018 to 2033

Figure 88: Italy Industry Analysis and Outlook Value Share (%) and BPS Analysis by Technology, 2023 to 2033

Figure 89: Italy Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Technology, 2023 to 2033

Figure 90: Italy Industry Analysis and Outlook Value (US$ Million) Analysis by Deployment, 2018 to 2033

Figure 91: Italy Industry Analysis and Outlook Value Share (%) and BPS Analysis by Deployment, 2023 to 2033

Figure 92: Italy Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033

Figure 93: Italy Industry Analysis and Outlook Value (US$ Million) Analysis by Power Rating, 2018 to 2033

Figure 94: Italy Industry Analysis and Outlook Value Share (%) and BPS Analysis by Power Rating, 2023 to 2033

Figure 95: Italy Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Power Rating, 2023 to 2033

Figure 96: Italy Industry Analysis and Outlook Attractiveness by System Component, 2023 to 2033

Figure 97: Italy Industry Analysis and Outlook Attractiveness by Technology, 2023 to 2033

Figure 98: Italy Industry Analysis and Outlook Attractiveness by Deployment, 2023 to 2033

Figure 99: Italy Industry Analysis and Outlook Attractiveness by Power Rating, 2023 to 2033

Figure 100: Italy Industry Analysis and Outlook Attractiveness By Region, 2023 to 2033

Figure 101: France Industry Analysis and Outlook Value (US$ Million) by System Component, 2023 to 2033

Figure 102: France Industry Analysis and Outlook Value (US$ Million) by Technology, 2023 to 2033

Figure 103: France Industry Analysis and Outlook Value (US$ Million) by Deployment, 2023 to 2033

Figure 104: France Industry Analysis and Outlook Value (US$ Million) by Power Rating, 2023 to 2033

Figure 105: France Industry Analysis and Outlook Value (US$ Million) By Region, 2023 to 2033

Figure 106: France Industry Analysis and Outlook Value (US$ Million) Analysis By Region, 2018 to 2033

Figure 107: France Industry Analysis and Outlook Value Share (%) and BPS Analysis By Region, 2023 to 2033

Figure 108: France Industry Analysis and Outlook Y-o-Y Growth (%) Projections By Region, 2023 to 2033

Figure 109: France Industry Analysis and Outlook Value (US$ Million) Analysis by System Component, 2018 to 2033

Figure 110: France Industry Analysis and Outlook Value Share (%) and BPS Analysis by System Component, 2023 to 2033

Figure 111: France Industry Analysis and Outlook Y-o-Y Growth (%) Projections by System Component, 2023 to 2033

Figure 112: France Industry Analysis and Outlook Value (US$ Million) Analysis by Technology, 2018 to 2033

Figure 113: France Industry Analysis and Outlook Value Share (%) and BPS Analysis by Technology, 2023 to 2033

Figure 114: France Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Technology, 2023 to 2033

Figure 115: France Industry Analysis and Outlook Value (US$ Million) Analysis by Deployment, 2018 to 2033

Figure 116: France Industry Analysis and Outlook Value Share (%) and BPS Analysis by Deployment, 2023 to 2033

Figure 117: France Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033

Figure 118: France Industry Analysis and Outlook Value (US$ Million) Analysis by Power Rating, 2018 to 2033

Figure 119: France Industry Analysis and Outlook Value Share (%) and BPS Analysis by Power Rating, 2023 to 2033

Figure 120: France Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Power Rating, 2023 to 2033

Figure 121: France Industry Analysis and Outlook Attractiveness by System Component, 2023 to 2033

Figure 122: France Industry Analysis and Outlook Attractiveness by Technology, 2023 to 2033

Figure 123: France Industry Analysis and Outlook Attractiveness by Deployment, 2023 to 2033

Figure 124: France Industry Analysis and Outlook Attractiveness by Power Rating, 2023 to 2033

Figure 125: France Industry Analysis and Outlook Attractiveness By Region, 2023 to 2033

Figure 126: Spain Industry Analysis and Outlook Value (US$ Million) by System Component, 2023 to 2033

Figure 127: Spain Industry Analysis and Outlook Value (US$ Million) by Technology, 2023 to 2033

Figure 128: Spain Industry Analysis and Outlook Value (US$ Million) by Deployment, 2023 to 2033

Figure 129: Spain Industry Analysis and Outlook Value (US$ Million) by Power Rating, 2023 to 2033

Figure 130: Spain Industry Analysis and Outlook Value (US$ Million) By Region, 2023 to 2033

Figure 131: Spain Industry Analysis and Outlook Value (US$ Million) Analysis By Region, 2018 to 2033

Figure 132: Spain Industry Analysis and Outlook Value Share (%) and BPS Analysis By Region, 2023 to 2033

Figure 133: Spain Industry Analysis and Outlook Y-o-Y Growth (%) Projections By Region, 2023 to 2033

Figure 134: Spain Industry Analysis and Outlook Value (US$ Million) Analysis by System Component, 2018 to 2033

Figure 135: Spain Industry Analysis and Outlook Value Share (%) and BPS Analysis by System Component, 2023 to 2033

Figure 136: Spain Industry Analysis and Outlook Y-o-Y Growth (%) Projections by System Component, 2023 to 2033

Figure 137: Spain Industry Analysis and Outlook Value (US$ Million) Analysis by Technology, 2018 to 2033

Figure 138: Spain Industry Analysis and Outlook Value Share (%) and BPS Analysis by Technology, 2023 to 2033

Figure 139: Spain Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Technology, 2023 to 2033

Figure 140: Spain Industry Analysis and Outlook Value (US$ Million) Analysis by Deployment, 2018 to 2033

Figure 141: Spain Industry Analysis and Outlook Value Share (%) and BPS Analysis by Deployment, 2023 to 2033

Figure 142: Spain Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033

Figure 143: Spain Industry Analysis and Outlook Value (US$ Million) Analysis by Power Rating, 2018 to 2033

Figure 144: Spain Industry Analysis and Outlook Value Share (%) and BPS Analysis by Power Rating, 2023 to 2033

Figure 145: Spain Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Power Rating, 2023 to 2033

Figure 146: Spain Industry Analysis and Outlook Attractiveness by System Component, 2023 to 2033

Figure 147: Spain Industry Analysis and Outlook Attractiveness by Technology, 2023 to 2033

Figure 148: Spain Industry Analysis and Outlook Attractiveness by Deployment, 2023 to 2033

Figure 149: Spain Industry Analysis and Outlook Attractiveness by Power Rating, 2023 to 2033

Figure 150: Spain Industry Analysis and Outlook Attractiveness By Region, 2023 to 2033

Figure 151: Rest of Industry Analysis and Outlook Value (US$ Million) by System Component, 2023 to 2033

Figure 152: Rest of Industry Analysis and Outlook Value (US$ Million) by Technology, 2023 to 2033

Figure 153: Rest of Industry Analysis and Outlook Value (US$ Million) by Deployment, 2023 to 2033

Figure 154: Rest of Industry Analysis and Outlook Value (US$ Million) by Power Rating, 2023 to 2033

Figure 155: Rest of Industry Analysis and Outlook Value (US$ Million) Analysis by System Component, 2018 to 2033

Figure 156: Rest of Industry Analysis and Outlook Value Share (%) and BPS Analysis by System Component, 2023 to 2033

Figure 157: Rest of Industry Analysis and Outlook Y-o-Y Growth (%) Projections by System Component, 2023 to 2033

Figure 158: Rest of Industry Analysis and Outlook Value (US$ Million) Analysis by Technology, 2018 to 2033

Figure 159: Rest of Industry Analysis and Outlook Value Share (%) and BPS Analysis by Technology, 2023 to 2033

Figure 160: Rest of Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Technology, 2023 to 2033

Figure 161: Rest of Industry Analysis and Outlook Value (US$ Million) Analysis by Deployment, 2018 to 2033

Figure 162: Rest of Industry Analysis and Outlook Value Share (%) and BPS Analysis by Deployment, 2023 to 2033

Figure 163: Rest of Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033

Figure 164: Rest of Industry Analysis and Outlook Value (US$ Million) Analysis by Power Rating, 2018 to 2033

Figure 165: Rest of Industry Analysis and Outlook Value Share (%) and BPS Analysis by Power Rating, 2023 to 2033

Figure 166: Rest of Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Power Rating, 2023 to 2033

Figure 167: Rest of Industry Analysis and Outlook Attractiveness by System Component, 2023 to 2033

Figure 168: Rest of Industry Analysis and Outlook Attractiveness by Technology, 2023 to 2033

Figure 169: Rest of Industry Analysis and Outlook Attractiveness by Deployment, 2023 to 2033

Figure 170: Rest of Industry Analysis and Outlook Attractiveness by Power Rating, 2023 to 2033

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