Market Size of Germany 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 | > 10.00 % |
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*Disclaimer: Major Players sorted in no particular order |
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Germany HVDC Transmission System Market Analysis
The German High-Voltage Direct Current (HVDC) Transmission Systems market is expected to record a CAGR of 10.05% during the forecast period.
The COVID-19 pandemic negatively impacted the market in 2020. However, the market has now reached pre-pandemic levels.
The increasing demand for cost-effective solutions for long-distance power transmission, ease in controlling the active power link, the possibility of bulk power transmission, and low loss in transfer of power (over HVAC) are some of the significant factors that drive the growth of the market studied during the forecast period.
However, the growing demand for distributed and remote power plants that provide electricity in rural areas without significant transmission and distribution infrastructure is expected to hinder the growth of the HVDC transmission systems market during the forecast period.
Nevertheless, technological advancement in HVDC transmission systems is expected to help mitigate operational issues with wind and solar-based electricity transmission systems, as the phase difference does not matter in the HVDC transmission line. While conventional HVAC does not work on this principle, it requires transformers to match the phase generated from a different source. Hence, this is expected to provide a better opportunity for the growth of the HVDC transmission system market in the country.
