Regional Analysis of the HVDC Transmission Market Opportunities and Challenges
HVDC Transmission Market Synopsis
The global HVDC transmission market is expected to grow from USD 11.4 billion in 2023 to USD 22 billion by 2032, at a CAGR of 8.60%. The growing number of VSC-based HVDC projects and the shift towards renewable energy adoption globally are the major factors driving the market growth.
Key Drivers
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