South and Central America High-Voltage Direct Current (HVDC) Transmission Systems Market Size

South Central America HVDC Transmission Systems Market Analysis

The South and Central America High-Voltage Direct Current (HVDC) transmission systems market is expected to grow at a CAGR of over 25% during the forecast period.

COVID-19 negatively impacted the market in 2020. Presently the market is likely to reach pre-pandemic levels.

• Over the long term, factors such as low cost for long-distance transmission, controllability, and lower short circuit current are expected to drive the HVDC transmission systems in the South and Central America region.
• On the other hand, with the increasing share of distributed and off-grid power generation, the need and, in turn, the demand for HVDC transmission systems is expected to be reduced, which is expected to restrain the market during the forecast period.
• Nevertheless, the growing energy demand, as well as the growth of the renewable energy sector in the South America region, is expected to create significant opportunities for the HVDC transmission systems market soon.
• Brazil is expected to dominate the South and Central America market, owing to the increased electricity demand in hydroelectric generation.