HVDC Transmission Market Estimated to Flourish by 2027 | Carmanah Technologies, Hughey & Phillips, Dialight

HVDC Transmission Market Estimated to Flourish by 2027 | Carmanah Technologies, Hughey & Phillips, Dialight

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HVDC transfer market is expected to reach USD 12.3 billion by 2024 from USD 8.2 billion in 2018, at a CAGR of 6.9% between 2018-2024. The main drivers of market growth are the appropriate solutions for long-distance transfers, the growing demand for VSC technology, renewable energy switching, and supporting government policies and HVDC transfer programs.

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SI Region

Global
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50%+ Off

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