Market Share of Electronic Components Industry for HVDC Systems
The electronic components market for HVDC systems comprises long-standing established players who have made significant investments in the product. The new players entering the market require high investments. Companies can sustain themselves through powerful competitive strategies. Product innovations can also favor new players as they can target emerging and less explored application areas to expand their market presence further. Some of the major players in the market are Infineon Technologies AG, Renesas Electronics Corporation, Toshiba Corporation, etc.
- In March 2023, Hitachi Energy signed an agreement with the Gulf Cooperation Council Interconnection Authority to upgrade the Al Fadhili HVDC converter station under the authority in Saudi Arabia. As per the project, the company would replace the existing hardware and software with Hitachi Energy's MACH control and protection system.
- In January 2023, Renesas Electronics Corporation announced a new gate driver IC designed to drive high-voltage power devices such as IGBTs (insulated gate transistors) and SiC (silicon carbide) MOSFETs for electric vehicle (EV) inverters.
Electronic Components for HVDC Systems Market Leaders
Infineon Technologies AG
Renesas Electronics Corporation
Texas Instruments Incorporated
Toshiba Corporation
Microchip Technology Inc.
*Disclaimer: Major Players sorted in no particular order
