Middle East High-Voltage Direct Current (HVDC) Transmission Systems Market Size

Middle East HVDC Transmission Systems Market Analysis

The Middle East high-voltage direct current (HVDC) transmission market is expected to register a CAGR of more than 6.9% during the forecast period. Covid-19 adversely affected the Middle east high-voltage direct current (HVDC) transmission market due to strict lockdown. Furthermore, many projects got delayed due to a lack of funding. Factors such as the significant rise in investment and development of renewable energy projects and EV-related infrastructure are expected drivers for the Middle East high-voltage direct current (HVDC) transmission market in the forecast period. However, increased investment in distributed renewable energy generation is expected to hinder the battery cell market in the near future.

• HVDC Overhead Transmission System was the dominating segment in the Middle East high-voltage direct current (HVDC) transmission market due to the lower investment required in overhead transmission projects.
• Increased focus on the submarine HVDC transmission system to increase the energy trade with nearby regions is expected to provide a significant opportunity for high-voltage current (HVDC) transmission market in the near future.
• Saudi Arabia has dominated the high-voltage current (HVDC) transmission market. The government's supportive policies for developing renewable energy sources are expected to drive the market in the country.