HVDC transmission market to reach a CAGR of 7.2 % by 2025

Global HVDC transmission market was valued at $7.52 B in 2017 and is projected to reach $13.07 B by 2025, growing at a CAGR of 7.2% from 2018 to 2025 according to the Verified Market Intelligence report.

The major key players in the market are as follows: ABB, Siemens AG, American Superconductor Corp., General Electric, ATCO Electric Ltd., HVDC Technologies Ltd., Hitachi Ltd., C-Epri Electric Power Engineering Co. Ltd, Mitsubishi Electric Corporation, Epcos, Toshiba Corporation, and Transgrid Solutions.

Regions covered in this report are: North America (U.S., Canada, Mexico), Europe (Germany, UK, France, Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil).

Source: The Market Research News