With a global increase in energy demand, there is an apparent trend shift in the power grid with emphasis on decarbonization and digitization. Consequently, we see the growth of intermittent distributed energy resources. This trend shift is causing HVDC to become one of the fastest growing markets in the field of transmission because of its ability to address major issues encountered by the modern grid. These issues include: keeping up with the steep rise in renewable integration, grid congestion, supply security, bulk power transfer, and asynchronous grid connections.

The infographic below provides an overview of the global Line Commutated Converter (LCC) and Voltage Source Converter (VSC) market over the past 5 years (2016-2020).