HVDC Transmission Market Growth, Demand Analysis, Size, Global Industry Research Trends, 2030
HVDC Transmission Systems Market With the growing technological advancements in the global power sector, power management and power distribution are becoming more efficient. As the conversion of high voltage current to alternate current results in losses from transmission lines, an upgrade regarding the transmission of power called High Voltage Direct Current (HVDC) transmission system is coming into play. HVDC is feasible over conventional High Voltage Alternate Current transmission system. Market Research Future (MRFR) has published a research report about the HVDC Transmission Systems Market that gauges greater gains for this market at 6.5% CAGR between 2018 and 2023. The most important market drivers for the global HVDC transmission market growth include surging demand for power from renewable sources of energy and increasing demand for international grid connectivity. Other major market drivers include the demand for better power distribution system and low-cost electrici