Global High Voltage DC Transmission Market to Grow at a CAGR of 8.6% from 2022-2030

high voltage dc transmission market

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.

Read more

Detailed Differences Between High Voltage Direct Current (HVDC) and High Voltage Alternating Current (HVAC)


High Voltage Direct Current (HVDC) power transmission systems (also known as power highways or electric highways) use direct current (DC) to transmit power versus the more common alternating current (AC) systems. Most HVDC power transmission lines use voltages between 100 kV and 800 kV.

Read more