Market Size of Africa High-Voltage Direct Current (HVDC) Transmission Systems Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 3.60 % |
| Market Concentration | High |
Major Players_Transmission_Systems_Market.webp)
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Africa HVDC Transmission Market Analysis
The market for high voltage direct current (HVDC) transmission systems in Africa is expected to grow at a CAGR of more than 3.6% during the forecast period of 2020 - 2025. Factors such as increased penetration of renewable energy, rural electrification, and increased deployment of the smart grid network are expected to drive the market over the forecast period. However, the growing demand for distributed and remote power plants that provide electricity in rural areas without the need for large transmission & distribution infrastructure is expected to hinder the growth of the HVDC transmission systems market in the coming years.
- Transmission medium (cables) is expected to witness significant growth over the forecast period, as HVDC cables offer many technical advantages such as lower losses, improved system stability, and enhanced reliability.
- The growing energy demand, as well as the growth of the renewable energy sector in Africa, is expected to create significant opportunities for the HVDC transmission systems market in the near future.
- Egypt is expected to drive the market demand in Africa, due to its significant development of grid infrastructure over the forecast period.
