The Latin America, Middle East and Africa High Voltage Direct Current Power Supply Market would witness market growth of 10.3% CAGR during the forecast period (2022-2028).
It is anticipated that HVDC lines will assist the growth of renewable energy systems in three ways. This would be achieved through the construction of new solar power stations, the connecting of existing power plants, and the merging of offshore wind energy projects. High-voltage cables, power semiconductors, and converters are a few of the crucial components of HVDC technology, which adds special features to the modern direct current transmission system.
As a result of the growing assimilation of renewable energy sources and the urgent need to reduce carbon emissions, it is well-recognized that the electrical sector is changing. As a result, it is projected that the market for high voltage direct current power supply would have significant potential growth due to increased energy consumption and the continuous development of the renewable energy sector.
Brazil generated 439.2 terawatt-hours of power in 2020, making it the most productive nation in Latin America. The expansion of the HVDC overhead transmission system throughout the region will be supported by the increasing production of power. The Colombian government said in December 2022 that it intended to build an overhead HVDC transmission line in the nation's north to link up to 3,000 MW of renewable energy generation capacity to the national grid. The high voltage direct current power supply system is anticipated to rule the market over the forecast period due to the aforementioned factors.
The Brazil market dominated the LAMEA High Voltage Direct Current Power Supply Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $94.6 Million by 2028. The Argentina market is experiencing a CAGR of 10.9% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 10% during (2022 - 2028).
Based on Vertical, the market is segmented into Industrial, Telecommunication, Medical, Oil & Gas and Others. Based on Voltage, the market is segmented into >4000V, 1,000-4000V and <1000V. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global High Voltage Direct Current Power Supply Market is Predict to reach $5 Billion by 2028, at a CAGR of 6.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hitachi, Ltd. (Hitachi Energy Ltd.), Toshiba Corporation, Siemens AG, General Electric Company, XP Power, Ltd., Hamamatsu Photonics K.K., Excelitas Technologies Corp., American Power Design, Inc., American High Voltage, and Nikken Sekkei Ltd.
By Vertical
By Voltage
By Country
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