HVDC Transmission Market Impact of COVID-19 and Future Outlook 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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