The Australia high-voltage direct current (HVDC) transmission systems market size reached USD 189.38 Million in 2025. The market is expected to grow at a CAGR of 7.30% between 2026 and 2035, reaching almost USD 383.12 Million by 2035.
Base Year
Historical Period
Forecast Period
In 2021, wind energy emerged as the dominant source of renewable energy capacity in Australia, with a substantial market share of 9,126 MW, representing a significant increase from 1,841 MW in 2010. Despite coal and natural gas currently playing a major role in electricity generation, Australia aims to retire about 63% of its coal generation fleet by 2036.
According to industry reports, coal remains the primary source of electricity generation, accounting for 137.4 terawatt-hours of installed capacity in 2021, followed by renewables with 61.3 terawatt-hours. Australia achieved a milestone in 2021, with renewable energy contributing over 23% to the total electricity production for the first time. The country has been actively implementing large-scale renewable energy projects, often located in remote areas, which require efficient grid connections.
Compound Annual Growth Rate
7.3%
Value in USD Million
2026-2035
*this image is indicative*
The Australia high-voltage direct current (HVDC) transmission systems market involves converting alternating current (AC) into direct current (DC) for long-distance transmission through high-voltage cables. This system is essential for drawing power from offshore wind farms and other remote locations. The market for HVDC transmission in Australia is being driven by factors such as the increasing deployment of offshore wind farms, the affordability of long-distance transmission, controllability, and low short-circuit current.
Despite these benefits, high installation costs and transmission losses over shorter distances pose challenges to market growth. However, the growth of offshore wind power technology and the offshore oil and gas sector present significant opportunities for the HVDC transmission system market.
Australia's vast geography and low population density make it reliant on efficient energy transmission over long distances. As the country transitions away from fossil fuels toward renewables, the demand for HVDC transmission systems is expected to rise, particularly to connect renewable energy projects located far from demand centres.
To meet this demand, Australia is exploring super-grid interconnections with Asian grids through projects like the Australian-Asian (Power) Grid (AAG) Project. Various types of HVDC transmission systems, including monopolar, bipolar, homopolar, back-to-back, and multi-terminal configurations, are deployed for different applications such as interconnecting grids, urban areas, and offshore wind farms.
The increase in electricity demand, driven by economic recovery and renewable energy growth, further boosts the HVDC transmission system market. Wind and solar photovoltaic (PV) power are anticipated to dominate electricity generation globally, requiring efficient transmission systems like HVDC to meet demand while playing a crucial role in the Australia high-voltage direct current (HVDC) transmission systems market development.
Australia High-Voltage Direct Current (HVDC) Transmission Systems Market Report and Forecast 2026-2035 offers a detailed analysis of the market based on the following segments:
Market Breakup by Component
Market Breakup by Transmission Type
Market Breakup by Technology
Market Breakup by Power Rating
Market Breakup by Application
Market Breakup by Region
Key players in the high-voltage direct current (HVDC) transmission systems market in Australia design, manufacture and offer advanced, and innovative products and services in the market.
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The market is estimated to be valued at USD 189.38 Million in 2025.
The market is projected to grow at a CAGR of 7.30% between 2026 and 2035.
The market is expected to witness significant growth to reach a value of USD 383.12 Million in 2035.
The market is categorised according to its component, which includes transmission medium (cables), converter stations, DC lines, AC & DC harmonic filters, circuit breakers, and others.
The key market players are Schneider Electric SE, CBI Australia, Toshiba International Corporation Pty. Ltd., NR Electric Co., Ltd., NKT A/S, and others.
The market is driven by factors that include renewable energy expansion, technological advancements, and the need for efficient long-distance electricity transmission, among others.
The High-Voltage Direct Current (HVDC) Transmission Systems market is categorised according to its transmission type, which includes overhead, underground, and submarine.
The Murraylink 220 MW ±150 kV HVDC bipolar interconnector is recognized as the longest underground power transmission system globally. It links South Australia's Riverland region with Victoria's Sunraysia region via converter stations located at Red Cliffs in Victoria and Berri in South Australia. This groundbreaking infrastructure underscores the innovation and engineering prowess in Australia's energy sector, facilitating efficient power transmission across vast distances while minimizing environmental impact.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Transmission Type |
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| Breakup by Technology |
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| Breakup by Power Rating |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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