Global High Voltage Direct Current Electric Power Transmission System Industry

Global High Voltage Direct Current Electric Power Transmission System Industry Research & Trends Analysis Report

Global High Voltage Direct Current Electric Power Transmission System Industry

Global High Voltage Direct Current Electric Power Transmission System Industry Research & Trends Analysis Report

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Ample Market Research presents an in-depth analysis of the High Voltage Direct Current Electric Power Transmission System Market, offering valuable insights into current industry trends, future growth prospects, and strategic market dynamics. This report provides a detailed evaluation of key market drivers, restraints, emerging trends, and regional influences shaping the industry's evolution.

By leveraging historical analysis and forecast projections, this study offers a holistic understanding of market developments, assisting stakeholders in making informed strategic decisions. Additionally, a SWOT analysis is incorporated to highlight strengths, weaknesses, opportunities, and threats within the sector.

The evolving U.S. tariff policy in 2025 is bringing considerable uncertainty into the global economic landscape. This report delves into the latest U.S. tariff measures and the corresponding policy responses across the world, assessing their impacts on High Voltage Direct Current Electric Power Transmission System market competitiveness, regional economic interdependencies, and supply chain reconfigurations.

High Voltage Direct Current Electric Power Transmission System Market Segmentation
Market segmentation in research is the process of breaking down a broad market into distinct consumer groups based on shared characteristics, such as demographics, geographic location, behavioral patterns, or lifestyle preferences. This approach enables businesses to refine their product offerings and marketing strategies to better address the unique needs of each segment. By tailoring their approach, companies can optimize resource allocation, enhance customer satisfaction, and drive sales growth, ultimately securing a competitive advantage. Effective segmentation helps businesses gain deeper insights into their audience, craft targeted strategies, and maximize overall market performance.

High Voltage Direct Current Electric Power Transmission System Market by Type [Analysis by Value from 2020 to ]:
  • Monopolar
  • Bipolar
  • Back-to-Back
  • Multi-Terminal


High Voltage Direct Current Electric Power Transmission System Market by Application [Analysis by Value from 2020 to ]:
  • Renewable Energy
  • Power Transmission
  • Offshore Wind
  • Interconnectors


Key Players in the High Voltage Direct Current Electric Power Transmission System Market
Leading market players are focused on strengthening their presence by acquiring emerging companies. Established firms are heavily investing in research and development to introduce innovative products and expand their market reach. Additionally, some companies are engaging in mergers to leverage their combined strengths and deliver high-quality products. Based on these factors, the study includes the following key industry players.
  • ABB
  • Siemens
  • Hitachi Energy
  • General Electric
  • NR Electric
  • NKT Cables
  • Prysmian Group
  • LS Cable
  • Sumitomo Electric
  • Nexans
  • Mitsubishi Electric
  • Toshiba
  • Alstom Grid
  • Schneider Electric
  • Fuji Electric
  • Powell Industries
  • G&W Electric
  • S&C Electric
  • Trench Group


High Voltage Direct Current Electric Power Transmission System Market Dynamics: Drivers & Restraints
The report meticulously examines the core growth factors and challenges influencing market expansion. Each variable is supported by qualitative and quantitative insights, with Harvey ball indicators representing their level of impact.

High Voltage Direct Current Electric Power Transmission System Market Analysis & Industry Trends
A comprehensive overview of industry developments, regulatory updates, and structural market shifts is provided. The report also evaluates the impact of U.S. tariff policy on global demand fluctuations and recovery patterns.

High Voltage Direct Current Electric Power Transmission System Market Size & Demand Forecast ()
Precise market sizing data and demand forecasts are included, covering year-on-year (YoY) growth rates and compound annual growth rate (CAGR) projections, enabling businesses to plan for future growth.

High Voltage Direct Current Electric Power Transmission System Industry Supply Chain & Competitive Analysis
Using Porter’s Five Forces framework, the report assesses competitive intensity and profitability within the industry. A detailed supply chain analysis examines market participants, operational structures, and efficiency factors.

High Voltage Direct Current Electric Power Transmission System Segmentation & Growth Forecasts
The study systematically breaks down the Global High Voltage Direct Current Electric Power Transmission System Market into multiple segments, outlining current conditions and future growth trajectories. This helps identify emerging trends and lucrative opportunities.

Regional Market Insights
The report offers country-wise assessments of market drivers, regulatory frameworks, and growth prospects across key regions:
• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Russia)
• Asia-Pacific (China, India, Japan, South Korea, Australia)
• Rest of the World (Saudi Arabia, Brazil, Nigeria, South Africa)

Competitive Landscape & Key Player Profiles

Detailed evaluations of major companies include:
• Business overview & product offerings
• Financial performance & investment trends
• Recent mergers, acquisitions, and joint ventures (JVs)
• Strategic approaches adopted by market leaders

Executive Summary & Actionable Recommendations
A concise summary featuring charts, infographics, and forward-looking forecasts is provided. The report concludes with strategic recommendations to guide market stakeholders in decision-making.

Why Invest in This High Voltage Direct Current Electric Power Transmission System Market Report?
✔️ Gain valuable insights into how COVID-19 has influenced the High Voltage Direct Current Electric Power Transmission System market.
✔️ Discover market opportunities across key global regions.
✔️ Evaluate growth drivers & restraints and their long-term impact.
✔️ Access comprehensive market sizing & forecasting data.
✔️ Stay ahead of industry trends & competitive strategies.
✔️ Monitor M&A activities, partnerships, and joint ventures shaping the market.

For expert insights and customized segmentation, contact us to tailor the report to your specific business needs.

1 Market Overview

1.1 Product Overview and Scope of High Voltage Direct Current Electric Power Transmission System

1.2 Global High Voltage Direct Current Electric Power Transmission System Market Size and Forecast

1.3 China High Voltage Direct Current Electric Power Transmission System Market Size and Forecast

1.4 China Market Percentage in Global

1.4.1 By Revenue, China High Voltage Direct Current Electric Power Transmission System Share in Global Market, 2018-2029

1.4.2 High Voltage Direct Current Electric Power Transmission System Market Size: China VS Global, 2018-2029

1.5 High Voltage Direct Current Electric Power Transmission System Market Dynamics

1.5.1 High Voltage Direct Current Electric Power Transmission System Market Drivers

1.5.2 High Voltage Direct Current Electric Power Transmission System Market Restraints

1.5.3 High Voltage Direct Current Electric Power Transmission System Industry Trends

1.5.4 High Voltage Direct Current Electric Power Transmission System Industry Policy

2 Global Competitive Situation by Company

2.1 Global High Voltage Direct Current Electric Power Transmission System Revenue by Company (2018-2023)

2.2 Global High Voltage Direct Current Electric Power Transmission System Participants, Market Position (Tier 1, Tier 2 and Tier 3)

2.3 Global High Voltage Direct Current Electric Power Transmission System Concentration Ratio

2.4 Global High Voltage Direct Current Electric Power Transmission System Mergers & Acquisitions, Expansion Plans

2.5 Global High Voltage Direct Current Electric Power Transmission System Manufacturers Product Type

3 China Competitive Situation by Company

3.1 China High Voltage Direct Current Electric Power Transmission System Revenue by Company (2018-2023)

3.2 China High Voltage Direct Current Electric Power Transmission System High Voltage Direct Current Electric Power Transmission System Participants, Market Position (Tier 1, Tier 2 and Tier 3)

3.3 China High Voltage Direct Current Electric Power Transmission System, Revenue Percentage of Local Players VS Foreign Manufacturers (2018-2023)

4 Industry Chain Analysis

4.1 High Voltage Direct Current Electric Power Transmission System Industry Chain

4.2 High Voltage Direct Current Electric Power Transmission System Upstream Analysis

4.3 High Voltage Direct Current Electric Power Transmission System Midstream Analysis

4.4 High Voltage Direct Current Electric Power Transmission System Downstream Analysis

5 Sights by Type

5.1 High Voltage Direct Current Electric Power Transmission System Classification

5.1.1 Less than 400 KV

5.1.2 400-800 KV

5.1.3 Above 800 KV

5.2 By Type, Global High Voltage Direct Current Electric Power Transmission System Market Size & CAGR, 2018 VS 2022 VS 2029

5.3 By Type, Global High Voltage Direct Current Electric Power Transmission System Revenue, 2018-2029

6 Sights by Application

6.1 High Voltage Direct Current Electric Power Transmission System Segment by Application

6.1.1 Subsea Transmission

6.1.2 Underground Transmission

6.1.3 Overhead Transmission

6.2 By Application, Global High Voltage Direct Current Electric Power Transmission System Market Size & CAGR, 2018 VS 2022 VS 2029

6.3 By Application, Global High Voltage Direct Current Electric Power Transmission System Revenue, 2018-2029

7 Sales Sights by Region

7.1 By Region, Global High Voltage Direct Current Electric Power Transmission System Market Size, 2018 VS 2022 VS 2029

7.2 By Region, Global High Voltage Direct Current Electric Power Transmission System Market Size, 2018-2029

7.3 North America

7.3.1 North America High Voltage Direct Current Electric Power Transmission System Market Size & Forecasts, 2018-2029

7.3.2 By Country, North America High Voltage Direct Current Electric Power Transmission System Market Size Market Share

7.4 Europe

7.4.1 Europe High Voltage Direct Current Electric Power Transmission System Market Size & Forecasts, 2018-2029

7.4.2 By Country, Europe High Voltage Direct Current Electric Power Transmission System Market Size Market Share

7.5 Asia Pacific

7.5.1 Asia Pacific High Voltage Direct Current Electric Power Transmission System Market Size & Forecasts, 2018-2029

7.5.2 By Country/Region, Asia Pacific High Voltage Direct Current Electric Power Transmission System Market Size Market Share

7.6 South America

7.6.1 South America High Voltage Direct Current Electric Power Transmission System Market Size & Forecasts, 2018-2029

7.6.2 By Country, South America High Voltage Direct Current Electric Power Transmission System Market Size Market Share

7.7 Middle East & Africa

8 Sights by Country Level

8.1 By Country, Global High Voltage Direct Current Electric Power Transmission System Market Size & CAGR，2018 VS 2022 VS 2029

8.2 By Country, Global High Voltage Direct Current Electric Power Transmission System Market Size, 2018-2029

8.3 U.S.

8.3.1 U.S. High Voltage Direct Current Electric Power Transmission System Market Size, 2018-2029

8.3.2 By Company, U.S. High Voltage Direct Current Electric Power Transmission System Revenue Market Share, 2018-2023

8.3.3 By Type, U.S. High Voltage Direct Current Electric Power Transmission System Revenue Market Share, 2022 VS 2029

8.3.4 By Application, U.S. High Voltage Direct Current Electric Power Transmission System Revenue Market Share, 2022 VS 2029

8.4 Europe

8.4.1 Europe High Voltage Direct Current Electric Power Transmission System Market Size, 2018-2029

8.4.2 By Company, Europe High Voltage Direct Current Electric Power Transmission System Revenue Market Share, 2018-2023

8.4.3 By Type, Europe High Voltage Direct Current Electric Power Transmission System Revenue Market Share, 2022 VS 2029

8.4.4 By Application, Europe High Voltage Direct Current Electric Power Transmission System Revenue Market Share, 2022 VS 2029

8.5 China

8.5.1 China High Voltage Direct Current Electric Power Transmission System Market Size, 2018-2029

8.5.2 By Company, China High Voltage Direct Current Electric Power Transmission System Revenue Market Share, 2018-2023

8.5.3 By Type, China High Voltage Direct Current Electric Power Transmission System Revenue Market Share, 2022 VS 2029

8.5.4 By Application, China High Voltage Direct Current Electric Power Transmission System Revenue Market Share, 2022 VS 2029

8.6 Japan

8.6.1 Japan High Voltage Direct Current Electric Power Transmission System Market Size, 2018-2029

8.6.2 By Company, Japan High Voltage Direct Current Electric Power Transmission System Revenue Market Share, 2018-2023

8.6.3 By Type, Japan High Voltage Direct Current Electric Power Transmission System Revenue Market Share, 2022 VS 2029

8.6.4 By Application, Japan High Voltage Direct Current Electric Power Transmission System Revenue Market Share, 2022 VS 2029

8.7 South Korea

8.7.1 South Korea High Voltage Direct Current Electric Power Transmission System Market Size, 2018-2029

8.7.2 By Company, South Korea High Voltage Direct Current Electric Power Transmission System Revenue Market Share, 2018-2023

8.7.3 By Type, South Korea High Voltage Direct Current Electric Power Transmission System Revenue Market Share, 2022 VS 2029

8.7.4 By Application, South Korea High Voltage Direct Current Electric Power Transmission System Revenue Market Share, 2022 VS 2029

8.8 Southeast Asia

8.8.1 Southeast Asia High Voltage Direct Current Electric Power Transmission System Market Size, 2018-2029

8.8.2 By Company, Southeast Asia High Voltage Direct Current Electric Power Transmission System Revenue Market Share, 2018-2023

8.8.3 By Type, Southeast Asia High Voltage Direct Current Electric Power Transmission System Revenue Market Share, 2022 VS 2029

8.8.4 By Application, Southeast Asia High Voltage Direct Current Electric Power Transmission System Revenue Market Share, 2022 VS 2029

8.9 India

8.9.1 India High Voltage Direct Current Electric Power Transmission System Market Size, 2018-2029

8.9.2 By Company, India High Voltage Direct Current Electric Power Transmission System Revenue Market Share, 2018-2023

8.9.3 By Type, India High Voltage Direct Current Electric Power Transmission System Revenue Market Share, 2022 VS 2029

8.9.4 By Application, India High Voltage Direct Current Electric Power Transmission System Revenue Market Share, 2022 VS 2029

8.10 Middle East & Asia

8.10.1 Middle East & Asia High Voltage Direct Current Electric Power Transmission System Market Size, 2018-2029

8.10.2 By Company, Middle East & Asia High Voltage Direct Current Electric Power Transmission System Revenue Market Share, 2018-2023

8.10.3 By Type, Middle East & Asia High Voltage Direct Current Electric Power Transmission System Revenue Market Share, 2022 VS 2029

8.10.4 By Application, Middle East & Asia High Voltage Direct Current Electric Power Transmission System Revenue Market Share, 2022 VS 2029

9 Global Manufacturers Profile

9.1 Hitachi Energy

9.1.1 Hitachi Energy Company Information, Head Office, Market Area and Industry Position

9.1.2 Hitachi Energy Company Profile and Main Business

9.1.3 Hitachi Energy High Voltage Direct Current Electric Power Transmission System Models, Specifications and Application

9.1.4 Hitachi Energy High Voltage Direct Current Electric Power Transmission System Revenue and Gross Margin, 2018-2023

9.1.5 Hitachi Energy Recent Developments

9.2 Siemens

9.2.1 Siemens Company Information, Head Office, Market Area and Industry Position

9.2.2 Siemens Company Profile and Main Business

9.2.3 Siemens High Voltage Direct Current Electric Power Transmission System Models, Specifications and Application

9.2.4 Siemens High Voltage Direct Current Electric Power Transmission System Revenue and Gross Margin, 2018-2023

9.2.5 Siemens Recent Developments

9.3 Prysmian Group

9.3.1 Prysmian Group Company Information, Head Office, Market Area and Industry Position

9.3.2 Prysmian Group Company Profile and Main Business

9.3.3 Prysmian Group High Voltage Direct Current Electric Power Transmission System Models, Specifications and Application

9.3.4 Prysmian Group High Voltage Direct Current Electric Power Transmission System Revenue and Gross Margin, 2018-2023

9.3.5 Prysmian Group Recent Developments

9.4 XD Group

9.4.1 XD Group Company Information, Head Office, Market Area and Industry Position

9.4.2 XD Group Company Profile and Main Business

9.4.3 XD Group High Voltage Direct Current Electric Power Transmission System Models, Specifications and Application

9.4.4 XD Group High Voltage Direct Current Electric Power Transmission System Revenue and Gross Margin, 2018-2023

9.4.5 XD Group Recent Developments

9.5 GE Grid Solution

9.5.1 GE Grid Solution Company Information, Head Office, Market Area and Industry Position

9.5.2 GE Grid Solution Company Profile and Main Business

9.5.3 GE Grid Solution High Voltage Direct Current Electric Power Transmission System Models, Specifications and Application

9.5.4 GE Grid Solution High Voltage Direct Current Electric Power Transmission System Revenue and Gross Margin, 2018-2023

9.5.5 GE Grid Solution Recent Developments

9.6 TBEA

9.6.1 TBEA Company Information, Head Office, Market Area and Industry Position

9.6.2 TBEA Company Profile and Main Business

9.6.3 TBEA High Voltage Direct Current Electric Power Transmission System Models, Specifications and Application

9.6.4 TBEA High Voltage Direct Current Electric Power Transmission System Revenue and Gross Margin, 2018-2023

9.6.5 TBEA Recent Developments

9.7 Xuji Group

9.7.1 Xuji Group Company Information, Head Office, Market Area and Industry Position

9.7.2 Xuji Group Company Profile and Main Business

9.7.3 Xuji Group High Voltage Direct Current Electric Power Transmission System Models, Specifications and Application

9.7.4 Xuji Group High Voltage Direct Current Electric Power Transmission System Revenue and Gross Margin, 2018-2023

9.7.5 Xuji Group Recent Developments

9.8 Nexans

9.8.1 Nexans Company Information, Head Office, Market Area and Industry Position

9.8.2 Nexans Company Profile and Main Business

9.8.3 Nexans High Voltage Direct Current Electric Power Transmission System Models, Specifications and Application

9.8.4 Nexans High Voltage Direct Current Electric Power Transmission System Revenue and Gross Margin, 2018-2023

9.8.5 Nexans Recent Developments

9.9 NKT

9.9.1 NKT Company Information, Head Office, Market Area and Industry Position

9.9.2 NKT Company Profile and Main Business

9.9.3 NKT High Voltage Direct Current Electric Power Transmission System Models, Specifications and Application

9.9.4 NKT High Voltage Direct Current Electric Power Transmission System Revenue and Gross Margin, 2018-2023

9.9.5 NKT Recent Developments

9.10 Toshiba Energy Systems & Solutions

9.10.1 Toshiba Energy Systems & Solutions Company Information, Head Office, Market Area and Industry Position

9.10.2 Toshiba Energy Systems & Solutions Company Profile and Main Business

9.10.3 Toshiba Energy Systems & Solutions High Voltage Direct Current Electric Power Transmission System Models, Specifications and Application

9.10.4 Toshiba Energy Systems & Solutions High Voltage Direct Current Electric Power Transmission System Revenue and Gross Margin, 2018-2023

9.10.5 Toshiba Energy Systems & Solutions Recent Developments

9.11 Mitsubishi Electric

9.11.1 Mitsubishi Electric Company Information, Head Office, Market Area and Industry Position

9.11.2 Mitsubishi Electric Company Profile and Main Business

9.11.3 Mitsubishi Electric High Voltage Direct Current Electric Power Transmission System Models, Specifications and Application

9.11.4 Mitsubishi Electric High Voltage Direct Current Electric Power Transmission System Revenue and Gross Margin, 2018-2023

9.11.5 Mitsubishi Electric Recent Developments

9.12 NR Electric

9.12.1 NR Electric Company Information, Head Office, Market Area and Industry Position

9.12.2 NR Electric Company Profile and Main Business

9.12.3 NR Electric High Voltage Direct Current Electric Power Transmission System Models, Specifications and Application

9.12.4 NR Electric High Voltage Direct Current Electric Power Transmission System Revenue and Gross Margin, 2018-2023

9.12.5 NR Electric Recent Developments

10 Conclusion

11 Appendix

11.1 Research Methodology

11.2 Data Source

11.2.1 Secondary Sources

11.2.2 Primary Sources

11.3 Market Estimation Model

11.4 Disclaimer

Tables & Figures:
Show more
Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
High Voltage Direct Current Electric Power Transmission System Market Size Estimation

To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.

Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.

Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.

We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.

Data Source

Secondary Sources

This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.

These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Ample Market Reports Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Ample Market Reports Data Repository

Primary Sources

As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.

On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.

These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.

Key Data Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
Why is the High Voltage Direct Current Electric Power Transmission System Market trending toward high growth trajectories?
A dynamic process in the High Voltage Direct Current Electric Power Transmission System Market is initiated by new entrants, including competitors from unrelated industries, in addition to the established players like ABB, Siemens, Hitachi Energy, General Electric, NR Electric, NKT Cables, Prysmian Group, LS Cable, Sumitomo Electric, Nexans, Mitsubishi Electric, Toshiba, Alstom Grid, Schneider Electric, Fuji Electric, Powell Industries, G&W Electric, S&C Electric, Trench Group.
What is the High Voltage Direct Current Electric Power Transmission System Market really preparing for?
Companies in the High Voltage Direct Current Electric Power Transmission System Industry will need to adapt swiftly to the behavioral changes that are reshaping consumer decision journeys.
What are the major applications of the High Voltage Direct Current Electric Power Transmission System Market?
Depending upon the type of applications, the High Voltage Direct Current Electric Power Transmission System Market has been segmented into and other applications.
What is the size of the High Voltage Direct Current Electric Power Transmission System Industry?
According to the report, the High Voltage Direct Current Electric Power Transmission System Industry will grow to USD XXX Million by 2030, with a YY% CAGR.
What is really changing the High Voltage Direct Current Electric Power Transmission System Market behavior?
Consumer behavior changes will reshape the entire decision-making process and companies in the High Voltage Direct Current Electric Power Transmission System Industry will need to adapt quickly.
What are the top priorities for the growth of the High Voltage Direct Current Electric Power Transmission System Market?
In this highly competitive and rapidly evolving High Voltage Direct Current Electric Power Transmission System Industry, top strategic priorities such as innovation, diversification, and M&A would remain consistent.