Global Market Size of HVDC Converter Station Market – 10 Year Market Forecast

Energy & Power

HVDC Converter Station Market Size Forecast 2022-2029

 

The market size for the global HVDC converter station market is projected to reach a value of USD 14.28 billion in 2022 and USD 22.53 billion by 2029, at a CAGR of 7%. The value of the cumulative market size of the HVDC converter station is estimated at USD 146 billion over the forecast period of 2022 to 2029. The European region accounts for the majority of the market shares and revenues, followed by APAC and North America. By power rating, the above 2000 segment holds the largest market shares. The most extensively used application of the HVDC converter station is LCC.

Frequently Asked Questions(FAQ)

• What is Global Market Database?

• Global market database is a cloud based market research and intelligence tool that provides up to date market information about 600+ markets including HVDC converter station sector.
• What is the market size for the base year?

• The market size for the base year is USD 13.39 billion.
• What is the market size for the final year?

• The final year market size is estimated to be USD 22.53 billion.
• How many regions are listed in this report and which is the leading segment?

• A total of 5 regions are listed in this report among which Europe is the leading segment.
• Which is the most commonly used application of HVDC converter station market?

• LCC is the most commonly used application of the HVDC converter station market.

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