Market Outlook and Future Trends in HVDC Transmission
Introduction HVDC Transmission Market is exhibiting a compound annual growth rate (CAGR) of 8.60% during the forecast period (2023–2032). Electricity is the lifeblood of our modern world, and its efficient transmission is crucial for powering homes, industries, and businesses. High Voltage Direct Current (HVDC) transmission systems have emerged as a game-changing technology for efficiently transmitting electricity over long distances, bridging the gap between generation and consumption centers. In this blog, we will explore the world of HVDC transmission systems, their advantages, and how they are transforming the power industry. Understanding HVDC Transmission HVDC transmission is a technology that enables the efficient transfer of electricity over long distances using direct current (DC). Unlike the traditional Alternating Current (AC) transmission, HVDC systems convert AC power into DC power before transmission and convert it back into AC power at the receiving end. This c...