South Africa High Voltage Direct Current (HVDC) Transmission Systems Market Size

South Africa HVDC Transmission Systems Market Analysis

The market for high voltage direct current (HVDC) transmission systems in South Africa is expected to grow at a CAGR of more than 8.89% during the forecast period of 2020 - 2025. A reliable electric supply of good quality is essential for the economic development of South Africa. 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 the African region, is expected to create significant opportunities for HVDC transmission systems market in the near future