By 2026, the APAC HVDC Transmission System Market is expected to grow at a CAGR of 10.1 percent.


 

The APAC HVDC Transmission Systems Market research study examines numerous major industry elements for future market scope, such as industry size, share, and dynamics, firms geographically studied for domestic markets, and value chains analysis. This report will give you all of this information so that you can make an informed choice about whether or not your firm should be sold. The APAC HVDC Transmission Systems Industry research provides a thorough examination of the market, including information on drivers, restraints, opportunities, and threats.

The use of a high-voltage direct current transmission system reduces transmission losses and allows for the transport of more energy. Furthermore, HVDC is cost-effective because it requires fewer transmission lines than HVAC systems, resulting in lower installation costs and land requirements. As a result, many utility firms are switching to HVDC transmission systems, which is projected to drive market expansion in the next years.

The APAC HVDC transmission systems market was assessed to be worth US$ 1,767.8 million in 2018 and is expected to grow at a CAGR of 10.1 percent from 2019 to 2027.

As a result, HVDC transmission systems are being aggressively implemented across several offshore wind farms in the APAC region to provide power over great distances. The market for HVDC transmission systems in the region is expected to develop as a result of these initiatives.

According to a recent study published by Future Market Insights, the Asia-Pacific HVDC transmission systems market will grow at a robust CAGR of 10.1 percent by the end of 2026. The market is currently valued at US$ 1,447.6 million and is expected to reach US$ 3,700 million by the end of 2026.

ABB Ltd., Siemens AG, Toshiba Corporation, General Electric Co., Prysmian SpA, Hitachi Ltd., TransGrid Solutions Inc., and ATCO Electric Ltd. are among of the industry's major participants.

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