PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1933232
PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1933232
HVDC Transmission System Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2026-2034
Growth Factors of HVDC (High Voltage Direct Current) transmission system Market
The global HVDC (High Voltage Direct Current) transmission system market is witnessing steady growth, driven by rising electricity demand, rapid renewable energy integration, and the growing need for long-distance, efficient power transmission. HVDC technology plays a critical role in supporting carbon-neutral energy systems by enabling low-loss power transfer, grid interconnection, and large-scale renewable energy evacuation.
According to Fortune Business Insights, the global HVDC transmission system market was valued at USD 11.70 billion in 2025 and increased to USD 12.60 billion in 2026. The market is projected to reach USD 22.29 billion by 2034, registering a CAGR of 7.39% during 2026-2034. In 2025, Asia Pacific dominated the market with a 67.65% share, supported by large-scale power infrastructure investments and renewable energy expansion.
HVDC systems convert AC power into DC at converter stations, transmit electricity via overhead, underground, or subsea cables, and reconvert it to AC at the receiving end. These systems are highly suitable for long-distance transmission, submarine cable systems, and interconnection of asynchronous AC grids.
Market Impact Analysis
The COVID-19 pandemic temporarily affected the HVDC transmission system market due to reduced electricity demand and disruptions in manufacturing and supply chains. However, post-pandemic recovery has been strong, supported by increased government focus on infrastructure investment, grid resilience, and energy security. The shift away from fossil fuels toward renewable energy sources such as wind and solar has further strengthened the market outlook.
HVDC Transmission System Market Trends
Growing grid interconnections are a major trend driving market growth. Countries are increasingly interlinking regional and cross-border power grids to enhance energy security and facilitate renewable energy integration. HVDC systems enable efficient long-distance transmission with minimal losses, making them ideal for connecting offshore wind farms, remote solar projects, and hydropower stations to demand centers. Government-backed interconnection initiatives are accelerating global HVDC deployment.
Market Growth Factors
Growing Adoption of Voltage Source Converter (VSC) Technology
The increasing adoption of VSC-based HVDC systems is a key growth driver. VSC technology allows independent control of active and reactive power, black-start capability, and seamless integration into multi-terminal DC networks. Compared to conventional systems, VSC-based HVDC offers enhanced flexibility and faster power flow control, making it highly suitable for renewable energy applications.
Rising Number of HVDC Projects Globally
The number of HVDC projects is increasing rapidly across Europe, China, North America, and South America. Improved cost-benefit performance, growing renewable capacity, and rising domestic power trading are driving HVDC adoption. Technological advancements have further improved system reliability and economic feasibility.
Restraining Factors
High initial investment costs, particularly for short-distance transmission, remain a major restraint. HVDC systems require expensive converter stations, transformers, control equipment, and auxiliary systems. For shorter distances, HVDC projects can be more costly than traditional AC transmission, limiting adoption in certain applications.
Market Segmentation Analysis
By Type
Based on type, the market is segmented into high-power rating projects and low-power rating projects. Low-power rating projects emerged as the dominant segment, accounting for 70.06% market share in 2026, driven by rising renewable energy installations in remote locations.
By Application
By application, the market is segmented into overhead, underground, subsea, and mixed systems. Overhead HVDC transmission dominated the market, generating USD 6.38 billion in 2026 and holding a 50.65% share, owing to lower installation costs and higher power-carrying capacity.
By Technology
Based on technology, the market is divided into Line Commutated Converter (LCC) and Voltage Source Converter (VSC). LCC technology dominated the market in 2026, with a value of USD 9.00 billion and a 71.46% market share, due to its reliability, efficiency, and suitability for bulk power transmission.
Regional Insights
Asia Pacific led the global HVDC transmission system market with a market size of USD 7.91 billion in 2025, driven by strong industrial growth and government-supported grid expansion programs. China reached USD 5.75 billion by 2026, followed by India at USD 1.24 billion.
North America accounted for 15.14% market share in 2025, supported by renewable energy adoption and transmission infrastructure upgrades.
Europe held 9.6% market share in 2025, driven by offshore wind integration and cross-border grid projects.
Competitive Landscape
The market is moderately consolidated, with key players including Hitachi Energy, Siemens, Nexans, Toshiba Energy Systems, Mitsubishi Electric, GE, Prysmian Group, and NKT. Companies are focusing on large-scale HVDC projects, advanced converter technologies, and grid modernization initiatives.
Conclusion
The global HVDC transmission system market is set for sustained growth, expanding from USD 11.70 billion in 2025 to USD 22.29 billion by 2034. Rising renewable energy integration, increasing grid interconnections, and the adoption of advanced VSC technologies are key growth drivers. Asia Pacific's strong market dominance highlights the role of emerging economies in shaping future power transmission infrastructure. Despite high initial costs, continuous technological advancements and government-backed infrastructure investments are expected to support steady market expansion throughout the forecast period.
Unit Value (USD Billion)
Segmentation By Type, By Technology, By Application, and By Region
Segmentation By Type
- High-power Rating Projects
- Low-power Rating Projects
By Technology
- Line Commutated Converter (LCC)
- Voltage Source Converter (VSC)
By Application
- Subsea
- Underground
- Overhead
- Mixed
By Region
- North America (By Type, By Application, By Technology, and by Country)
- U.S.
- Canada
- Europe (By Type, By Application, By Technology, and by Country)
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Rest of Europe
- Asia Pacific (By Type, By Application, By Technology, and By Country)
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia Pacific
- Latin America (By Type, By Application, By Technology, and by Country)
- Brazil
- Mexico
- Rest of Latin America
- The Middle East & Africa (By Type, By Application, By Technology, and by Country)
- Turkey
- Saudi Arabia
- UAE
- Rest of the Middle East & Africa
Table of Content
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions & Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends - For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Insight on Regulatory Landscape
- 4.4. Porters Five Forces Analysis
- 4.5. Impact of COVID-19 on the HVDC Transmission System Market
5. Global HVDC Transmission System Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034
- 5.1. Key Findings
- 5.2. Market Analysis, Insights, and Forecast - By Type
- 5.2.1. High-power Rating Projects
- 5.2.2. Low-power Rating Projects
- 5.3. Market Analysis, Insights, and Forecast - By Application
- 5.3.1. Subsea
- 5.3.2. Underground
- 5.3.3. Overhead
- 5.3.4. Mixed
- 5.4. Market Analysis, Insights, and Forecast - By Technology
- 5.4.1. Line Commutated Converter (LCC)
- 5.4.2. Voltage Source Converter (VSC)
- 5.5. Market Analysis, Insights, and Forecast - By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America
- 5.5.5. Middle East & Africa
6. North America HVDC Transmission System Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034
- 6.1. Key Findings
- 6.2. Market Analysis, Insights, and Forecast - By Type
- 6.2.1. High-power Rating Projects
- 6.2.2. Low-power Rating Projects
- 6.3. Market Analysis, Insights, and Forecast - By Application
- 6.3.1. Subsea
- 6.3.2. Underground
- 6.3.3. Overhead
- 6.3.4. Mixed
- 6.4. Market Analysis, Insights, and Forecast - By Technology
- 6.4.1. Line Commutated Converter (LCC)
- 6.4.2. Voltage Source Converter (VSC)
- 6.5. Market Analysis, Insights, and Forecast - By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe HVDC Transmission System Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034
- 7.1. Key Findings
- 7.2. Market Analysis, Insights, and Forecast - By Type
- 7.2.1. High-power Rating Projects
- 7.2.2. Low-power Rating Projects
- 7.3. Market Analysis, Insights, and Forecast - By Application
- 7.3.1. Subsea
- 7.3.2. Underground
- 7.3.3. Overhead
- 7.3.4. Mixed
- 7.4. Market Analysis, Insights, and Forecast - By Technology
- 7.4.1. Line Commutated Converter (LCC)
- 7.4.2. Voltage Source Converter (VSC)
- 7.5. Market Analysis, Insights, and Forecast - By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Spain
- 7.5.5. Italy
- 7.5.6. Russia
- 7.5.7. Nordic Countries
- 7.5.8. Rest of Europe
8. Asia Pacific HVDC Transmission System Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034
- 8.1. Key Findings
- 8.2. Market Analysis, Insights, and Forecast - By Type
- 8.2.1. High-power Rating Projects
- 8.2.2. Low-power Rating Projects
- 8.3. Market Analysis, Insights, and Forecast - By Application
- 8.3.1. Subsea
- 8.3.2. Underground
- 8.3.3. Overhead
- 8.3.4. Mixed
- 8.4. Market Analysis, Insights, and Forecast - By Technology
- 8.4.1. Line Commutated Converter (LCC)
- 8.4.2. Voltage Source Converter (VSC)
- 8.5. Market Analysis, Insights, and Forecast - By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. South Korea
- 8.5.5. Australia
- 8.5.6. Southeast Asia
- 8.5.7. Rest of Asia Pacific
9. Latin America HVDC Transmission System Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034
- 9.1. Key Findings
- 9.2. Market Analysis, Insights, and Forecast - By Type
- 9.2.1. High-power Rating Projects
- 9.2.2. Low-power Rating Projects
- 9.3. Market Analysis, Insights, and Forecast - By Application
- 9.3.1. Subsea
- 9.3.2. Underground
- 9.3.3. Overhead
- 9.3.4. Mixed
- 9.4. Market Analysis, Insights, and Forecast - By Technology
- 9.4.1. Line Commutated Converter (LCC)
- 9.4.2. Voltage Source Converter (VSC)
- 9.5. Market Analysis, Insights, and Forecast - By Country
- 9.5.1. Brazil
- 9.5.2. Mexico
- 9.5.3. Rest of Latin America
10. Middle East and Africa HVDC Transmission System Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034
- 10.1. Key Findings
- 10.2. Market Analysis, Insights, and Forecast - By Type
- 10.2.1. High-power Rating Projects
- 10.2.2. Low-power Rating Projects
- 10.3. Market Analysis, Insights, and Forecast - By Application
- 10.3.1. Subsea
- 10.3.2. Underground
- 10.3.3. Overhead
- 10.3.4. Mixed
- 10.4. Market Analysis, Insights, and Forecast - By Technology
- 10.4.1. Line Commutated Converter (LCC)
- 10.4.2. Voltage Source Converter (VSC)
- 10.5. Market Analysis, Insights, and Forecast - By Country
- 10.5.1. Turkey
- 10.5.2. Saudi Arabia
- 10.5.3. UAE
- 10.5.4. Rest of Middle East and Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2025
- 11.2. Company Profile
- 11.2.1. Hitachi Energy Ltd.
- 11.2.1.1. Business Overview
- 11.2.1.2. Product and Service Offerings
- 11.2.1.3. Recent Developments
- 11.2.1.4. Financials (Based on Availability)
- 11.2.2. Siemens
- 11.2.2.1. Business Overview
- 11.2.2.2. Product and Service Offerings
- 11.2.2.3. Recent Developments
- 11.2.2.4. Financials (Based on Availability)
- 11.2.3. NEXANS
- 11.2.3.1. Business Overview
- 11.2.3.2. Product and Service Offerings
- 11.2.3.3. Recent Developments
- 11.2.3.4. Financials (Based on Availability)
- 11.2.4. Toshiba Energy Systems Solutions Corporation
- 11.2.4.1. Business Overview
- 11.2.4.2. Product and Service Offerings
- 11.2.4.3. Recent Developments
- 11.2.4.4. Financials (Based on Availability)
- 11.2.5. CHINA XD GROUP
- 11.2.5.1. Business Overview
- 11.2.5.2. Product and Service Offerings
- 11.2.5.3. Recent Developments
- 11.2.5.4. Financials (Based on Availability)
- 11.2.6. Mitsubishi Electric Corporation
- 11.2.6.1. Business Overview
- 11.2.6.2. Product and Service Offerings
- 11.2.6.3. Recent Developments
- 11.2.6.4. Financials (Based on Availability)
- 11.2.7. General Electric
- 11.2.7.1. Business Overview
- 11.2.7.2. Product and Service Offerings
- 11.2.7.3. Recent Developments
- 11.2.7.4. Financials (Based on Availability)
- 11.2.8. Xu Ji Group Co. Ltd
- 11.2.8.1. Business Overview
- 11.2.8.2. Product and Service Offerings
- 11.2.8.3. Recent Developments
- 11.2.8.4. Financials (Based on Availability)
- 11.2.9. NR Electric Co. Ltd.
- 11.2.9.1. Business Overview
- 11.2.9.2. Product and Service Offerings
- 11.2.9.3. Recent Developments
- 11.2.9.4. Financials (Based on Availability)
- 11.2.10. Prysmian Group.
- 11.2.10.1. Business Overview
- 11.2.10.2. Product and Service Offerings
- 11.2.10.3. Recent Developments
- 11.2.10.4. Financials (Based on Availability)
- 11.2.11. TBEA Co., Ltd.
- 11.2.11.1. Business Overview
- 11.2.11.2. Product and Service Offerings
- 11.2.11.3. Recent Developments
- 11.2.11.4. Financials (Based on Availability)
- 11.2.12. NKT
- 11.2.12.1. Business Overview
- 11.2.12.2. Product and Service Offerings
- 11.2.12.3. Recent Developments
- 11.2.12.4. Financials (Based on Availability)
- 11.2.1. Hitachi Energy Ltd.
List of Tables
- Table 1: Global HVDC Transmission System Market Revenue (USD Billion) Forecast, by Type, 2021-2034
- Table 2: Global HVDC Transmission System Market Revenue (USD Billion) Forecast, by Application, 2021-2034
- Table 3: Global HVDC Transmission System Market Value (USD Billion) Forecast, by Technology, 2021-2034
- Table 4: Global HVDC Transmission System Market Revenue (USD Billion) Forecast, by Region, 2021-2034
- Table 5: North America HVDC Transmission System Market Revenue (USD Billion) Forecast, by Type, 2021-2034
- Table 6: North America HVDC Transmission System Market Revenue (USD Billion) Forecast, by Application, 2021-2034
- Table 7: North America HVDC Transmission System Market Value (USD Billion) Forecast, by Technology, 2021-2034
- Table 8: North America HVDC Transmission System Market Revenue (USD Billion) Forecast, by Country, 2021-2034
- Table 9: Europe HVDC Transmission System Market Revenue (USD Billion) Forecast, by Type, 2021-2034
- Table 10: Europe HVDC Transmission System Market Revenue (USD Billion) Forecast, by Application, 2021-2034
- Table 11: Europe HVDC Transmission System Market Value (USD Billion) Forecast, by Technology, 2021-2034
- Table 12: Europe HVDC Transmission System Market Revenue (USD Billion) Forecast, by Country, 2021-2034
- Table 13: Asia Pacific HVDC Transmission System Market Revenue (USD Billion) Forecast, by Type, 2021-2034
- Table 14: Asia Pacific HVDC Transmission System Market Revenue (USD Billion) Forecast, by Application, 2021-2034
- Table 15: Asia Pacific HVDC Transmission System Market Value (USD Billion) Forecast, by Technology, 2021-2034
- Table 16: Asia Pacific HVDC Transmission System Market Revenue (USD Billion) Forecast, by Country, 2021-2034
- Table 17: Latin America HVDC Transmission System Market Revenue (USD Billion) Forecast, by Type, 2021-2034
- Table 18: Latin America HVDC Transmission System Market Revenue (USD Billion) Forecast, by Application, 2021-2034
- Table 19: Latin America HVDC Transmission System Market Value (USD Billion) Forecast, by Technology, 2021-2034
- Table 20: Latin America HVDC Transmission System Market Revenue (USD Billion) Forecast, by Country, 2021-2034
- Table 21: Middle East & Africa HVDC Transmission System Market Revenue (USD Billion) Forecast, by Type, 2021-2034
- Table 22: Middle East & Africa HVDC Transmission System Market Revenue (USD Billion) Forecast, by Application, 2021-2034
- Table 23: Middle East & Africa HVDC Transmission System Market Value (USD Billion) Forecast, by Technology, 2021-2034
- Table 24: Middle East & Africa HVDC Transmission System Market Revenue (USD Billion) Forecast, by Country, 2021-2034
List of Figures
- Figure 1: Global HVDC Transmission System Market Revenue Breakdown (USD Billion, %) by Region, 2025 & 2034
- Figure 2: Global HVDC Transmission System Market Value Share (%), By Type, 2025 & 2034
- Figure 3: Global HVDC Transmission System Market Forecast (USD Billion), by High-power Rating projections, 2021-2034
- Figure 4: Global HVDC Transmission System Market Forecast (USD Billion), by Low-power Rating projections, 2021-2034
- Figure 5: Global HVDC Transmission System Market Value Share (%), By Application, 2025 & 2034
- Figure 6: Global HVDC Transmission System Market Forecast (USD Billion), by Subsea, 2021-2034
- Figure 7: Global HVDC Transmission System Market Forecast (USD Billion), by Underground, 2021-2034
- Figure 8: Global HVDC Transmission System Market Forecast (USD Billion), by Overhead, 2021-2034
- Figure 9: Global HVDC Transmission System Market Forecast (USD Billion), by Mixed, 2021-2034
- Figure 10: Global HVDC Transmission System Market Value Share (%), By Technology, 2025 & 2034
- Figure 11: Global HVDC Transmission System Market Forecast (USD Billion), by Line Commutated Converter (LCC), 2021-2034
- Figure 12: Global HVDC Transmission System Market Forecast (USD Billion), by Voltage Source Converter (VSC), 2021-2034
- Figure 13: Global HVDC Transmission System Market Value (USD Billion), by Region, 2025 & 2034
- Figure 14: Global HVDC Transmission System Market Value Share (%), by Region, 2025
- Figure 15: North America HVDC Transmission System Market Value Share (%), By Type, 2025 & 2034
- Figure 16: North America HVDC Transmission System Market Forecast (USD Billion), by High-power Rating projections, 2021-2034
- Figure 17: North America HVDC Transmission System Market Forecast (USD Billion), by Low-power Rating projections, 2021-2034
- Figure 18: North America HVDC Transmission System Market Value Share (%), By Application, 2025 & 2034
- Figure 19: North America HVDC Transmission System Market Forecast (USD Billion), by Subsea, 2021-2034
- Figure 20: North America HVDC Transmission System Market Forecast (USD Billion), by Underground, 2021-2034
- Figure 21: North America HVDC Transmission System Market Forecast (USD Billion), by Overhead, 2021-2034
- Figure 22: North America HVDC Transmission System Market Forecast (USD Billion), by Mixed, 2021-2034
- Figure 23: North America HVDC Transmission System Market Value Share (%), By Technology, 2025 & 2034
- Figure 24: North America HVDC Transmission System Market Forecast (USD Billion), by Line Commutated Converter (LCC), 2021-2034
- Figure 25: North America HVDC Transmission System Market Forecast (USD Billion), by Voltage Source Converter (VSC), 2021-2034
- Figure 26: North America HVDC Transmission System Market Value (USD Billion), by Country, 2025 & 2034
- Figure 27: North America HVDC Transmission System Market Value Share (%), by Country, 2025
- Figure 28: Europe HVDC Transmission System Market Value Share (%), By Type, 2025 & 2034
- Figure 29: Europe HVDC Transmission System Market Forecast (USD Billion), by High-power Rating projections, 2021-2034
- Figure 30: Europe HVDC Transmission System Market Forecast (USD Billion), by Low-power Rating projections, 2021-2034
- Figure 31: Europe HVDC Transmission System Market Value Share (%), By Application, 2025 & 2034
- Figure 32: Europe HVDC Transmission System Market Forecast (USD Billion), by Subsea, 2021-2034
- Figure 33: Europe HVDC Transmission System Market Forecast (USD Billion), by Underground, 2021-2034
- Figure 34: Europe HVDC Transmission System Market Forecast (USD Billion), by Overhead, 2021-2034
- Figure 35: Europe HVDC Transmission System Market Forecast (USD Billion), by Mixed, 2021-2034
- Figure 36: Europe HVDC Transmission System Market Value Share (%), By Technology, 2025 & 2034
- Figure 37: Europe HVDC Transmission System Market Forecast (USD Billion), by Line Commutated Converter (LCC), 2021-2034
- Figure 38: Europe HVDC Transmission System Market Forecast (USD Billion), by Voltage Source Converter (VSC), 2021-2034
- Figure 39: Europe HVDC Transmission System Market Value (USD Billion), by Country, 2025 & 2034
- Figure 40: Europe HVDC Transmission System Market Value Share (%), by Country, 2025
- Figure 41: Asia Pacific HVDC Transmission System Market Value Share (%), By Type, 2025 & 2034
- Figure 42: Asia Pacific HVDC Transmission System Market Forecast (USD Billion), by High-power Rating projections, 2021-2034
- Figure 43: Asia Pacific HVDC Transmission System Market Forecast (USD Billion), by Low-power Rating projections, 2021-2034
- Figure 44: Asia Pacific HVDC Transmission System Market Value Share (%), By Application, 2025 & 2034
- Figure 45: Asia Pacific HVDC Transmission System Market Forecast (USD Billion), by Subsea, 2021-2034
- Figure 46: Asia Pacific HVDC Transmission System Market Forecast (USD Billion), by Underground, 2021-2034
- Figure 47: Asia Pacific HVDC Transmission System Market Forecast (USD Billion), by Overhead, 2021-2034
- Figure 48: Asia Pacific HVDC Transmission System Market Forecast (USD Billion), by Mixed, 2021-2034
- Figure 49: Asia Pacific HVDC Transmission System Market Value Share (%), By Technology, 2025 & 2034
- Figure 50: Asia Pacific HVDC Transmission System Market Forecast (USD Billion), by Line Commutated Converter (LCC), 2021-2034
- Figure 51: Asia Pacific HVDC Transmission System Market Forecast (USD Billion), by Voltage Source Converter (VSC), 2021-2034
- Figure 52: Asia Pacific HVDC Transmission System Market Value (USD Billion), by Country, 2025 & 2034
- Figure 53: Asia Pacific HVDC Transmission System Market Value Share (%), by Country, 2025
- Figure 54: Latin America HVDC Transmission System Market Value Share (%), By Type, 2025 & 2034
- Figure 55: Latin America HVDC Transmission System Market Forecast (USD Billion), by High-power Rating projections, 2021-2034
- Figure 56: Latin America HVDC Transmission System Market Forecast (USD Billion), by Low-power Rating projections, 2021-2034
- Figure 57: Latin America HVDC Transmission System Market Value Share (%), By Application, 2025 & 2034
- Figure 58: Latin America HVDC Transmission System Market Forecast (USD Billion), by Subsea, 2021-2034
- Figure 59: Latin America HVDC Transmission System Market Forecast (USD Billion), by Underground, 2021-2034
- Figure 60: Latin America HVDC Transmission System Market Forecast (USD Billion), by Overhead, 2021-2034
- Figure 61: Latin America HVDC Transmission System Market Forecast (USD Billion), by Mixed, 2021-2034
- Figure 62: Latin America HVDC Transmission System Market Value Share (%), By Technology, 2025 & 2034
- Figure 63: Latin America HVDC Transmission System Market Forecast (USD Billion), by Line Commutated Converter (LCC), 2021-2034
- Figure 64: Latin America HVDC Transmission System Market Forecast (USD Billion), by Voltage Source Converter (VSC), 2021-2034
- Figure 65: Latin America HVDC Transmission System Market Value (USD Billion), by Country, 2025 & 2034
- Figure 66: Latin America HVDC Transmission System Market Value Share (%), by Country, 2025
- Figure 67: Middle East & Africa HVDC Transmission System Market Value Share (%), By Type, 2025 & 2034
- Figure 68: Middle East & Africa HVDC Transmission System Market Forecast (USD Billion), by High-power Rating projections, 2021-2034
- Figure 69: Middle East & Africa HVDC Transmission System Market Forecast (USD Billion), by Low-power Rating projections, 2021-2034
- Figure 70: Middle East & Africa HVDC Transmission System Market Value Share (%), By Application, 2025 & 2034
- Figure 71: Middle East & Africa HVDC Transmission System Market Forecast (USD Billion), by Subsea, 2021-2034
- Figure 72: Middle East & Africa HVDC Transmission System Market Forecast (USD Billion), by Underground, 2021-2034
- Figure 73: Middle East & Africa HVDC Transmission System Market Forecast (USD Billion), by Overhead, 2021-2034
- Figure 74: Middle East & Africa HVDC Transmission System Market Forecast (USD Billion), by Mixed, 2021-2034
- Figure 75: Middle East & Africa HVDC Transmission System Market Value Share (%), By Technology, 2025 & 2034
- Figure 76: Middle East & Africa HVDC Transmission System Market Forecast (USD Billion), by Line Commutated Converter (LCC), 2021-2034
- Figure 77: Middle East & Africa HVDC Transmission System Market Forecast (USD Billion), by Voltage Source Converter (VSC), 2021-2034
- Figure 78: Middle East & Africa HVDC Transmission System Market Value (USD Billion), by Country, 2025 & 2034
- Figure 79: Middle East & Africa HVDC Transmission System Market Value Share (%), by Country, 2025
- Figure 80: Company Market Share Analysis (%), 2025
