HVDC Transmission Market Trends And Future Forecast For 2023 To 2028

Research by Global Market Studies has reported a CAGR of 10.7% for the HVDC Transmission Market, expecting to expand to a value of USD 17.2 billion by 2028.

HVDC transmission is a reliable method of connecting electrical grids, enabling the transfer of power between regions and nations. 


The HVDC transmission market has opportunities in offshore wind farms due to long distances and the requirement for efficiency and dependability.  


Restraints & Challenge

HVDC complexity 

High Costs

Environmental impact 

Competition from AC and HVAC 

Lack of standardization 

Key Players



Mitsubishi Electric 

NR Electric 


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