The HVDC Transmission Systems Market size is estimated at USD 13.78 billion in 2024, and is expected to reach USD 21.47 billion by 2029, growing at a CAGR of 9.28% during the forecast period (2024-2029).
The HVDC transmission systems market is semi-consolidated. Some of the major players in the market (in no particular order) include ABB Ltd, Siemens AG, Toshiba Corporation, General Electric Company, and Mitsubishi Electric Corporation, among others.
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