HVDC Transmission Market worth $14.9 billion by 2028 - Exclusive Report by MarketsandMarkets™
Bulk power transmission to lead the HVDC transmission market during the forecast period.
- Bulk power transmission to lead the HVDC transmission market during the forecast period.
- LCC-based transmission to account for the largest share of the HVDC transmission market from 2023 to 2028.
- In Asia Pacific, China is the major market for HVDC transmission industry due to the constantly growing demand for power in the country.
- High power quality reliability and stability of power transmission are the major requirements of the power industry in the region, which are driving the growth of the HVDC transmission market in this region.