Market Size of Australia High Voltage Direct Current (HVDC) Transmission Systems Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 6.99 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Australia High Voltage Direct Current Transmission System Market Analysis
The market for high voltage direct current (HVDC) transmission systems in Australia is expected to grow at a CAGR of over 6.99% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Currently. The market has reached pre-pandemic levels.
- Over the long term, increasing deployment of offshore wind farms, low cost for long-distance transmission, controllability, and low short circuit current are some significant factors driving the Australian HVDC transmission system market over the forecast period.
- On the other hand, high installation costs and high losses for smaller transmission distances are likely to hinder the market growth.
- Nevertheless, the growth of offshore wind power technology and the offshore oil and gas sector is likely to create immense opportunities for the market studied.
