Global High Voltage DC Market to Grow Rapidly
According to a comprehensive research report by Market Research Future (MRFR), the global high-voltage DC transmission market is set to grow at a CAGR of 8.6% from 2022-2030.
The rapid expansion of offshore wind power and the growing electricity demand are the major factors contributing to the growth of this market. The market for high-voltage DC transmission systems is expected to grow as more and more offshore wind power projects are being installed. Offshore wind energy can generate large amounts of electricity, which can then be distributed to areas with high electricity demand.