Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market to 2032
Overview
The Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market is expected to reach a 1.72 USD Billion by 2032 and is projected to grow at a CAGR of 5.26% from 2025 to 2032.
Revenue, 2024 (USD Billion)
1.15
Forecast, 2032 (USD Billion)
1.72
CAGR, 2024 - 2032
5.26%
Report Coverage
Middle East & Africa
Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market 2018-2032 USD Billion
Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 1.15 USD Billion
- Projected Market Size (2032): 1.72 USD Billion
- CAGR (2025-2032): 5.26%
Key Findings of Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market
- The Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market was valued at 1.15 USD Billion in 2024.
- The Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market is likely to grow at a CAGR of 5.26% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Bulk Power Transmission in Application Segment accounted for the largest share of the market with a revenue of 0.69 USD Billion
- The fastest growing segment Above 2001 MW in Power Rating Segment grew Fastest with a CAGR of 5.81% during the forecast period from 2024 to 2032.
Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market Scope
Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market Segmentation & Scope
Component
- Others
- Electrodes
- Reactive Power Supplies
- Control and Protection
- Transmission Cables
- Converter Stations
Project Type
- Multi-terminal System
- Back-To-Back Stations
- Point-To-Point Transmission
Technology
- Capacitor Commutated Converter
- Voltage Source Converter
- Line Commutated Converter
Application
- In-feed Urban Areas
- Interconnecting Grids
- Bulk Power Transmission
Power Rating
- Below 500 MW
- 501-1000 MW
- Above 2001 MW
- 1501-2000 MW
- 1001-1500 MW
Voltage Rating
- More Than 800 kV
- Less Than 350 kV
- 640-800 kV
- 350-640 kV
Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2024 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 1.15 USD Billion |
| Market Value in 2032 | 1.72 USD Billion |
| CAGR (2025-2032) | 5.26% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Component,Project Type,Technology,Application,Power Rating,Voltage Rating |
Regional Insights:
-
Leading Market (2024-2032): Middle East & Africa, leading in terms of revenue 1.15 USD Billion in 2024
- Key Country: South Africa, leading in terms of revenue with value of 368.44 USD Million in 2024.
Segments and Scope
-
Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market to 2032, By Component
- Converter Stations is the largest segment in Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market to 2032 with a revenue of 571.63 USD Billion in the year 2024.
- Converter Stations is the Fastest growing segment in Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market to 2032 with a Growth rate of 5.79 % in forecast period 2025-2032.
-
Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market to 2032, By Project Type
- Point-To-Point Transmission is the largest segment in Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market to 2032 with a revenue of 520.25 USD Billion in the year 2024.
- Point-To-Point Transmission is the Fastest growing segment in Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market to 2032 with a Growth rate of 5.55 % in forecast period 2025-2032.
-
Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market to 2032, By Technology
- Line Commutated Converter is the largest segment in Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market to 2032 with a revenue of 585.40 USD Billion in the year 2024.
- Line Commutated Converter is the Fastest growing segment in Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market to 2032 with a Growth rate of 5.55 % in forecast period 2025-2032.
-
Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market to 2032, By Application
- Bulk Power Transmission is the largest segment in Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market to 2032 with a revenue of 689.24 USD Billion in the year 2024.
- Bulk Power Transmission is the Fastest growing segment in Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market to 2032 with a Growth rate of 5.59 % in forecast period 2025-2032.
-
Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market to 2032, By Power Rating
- 1001-1500 MW is the largest segment in Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market to 2032 with a revenue of 400.10 USD Billion in the year 2024.
- Above 2001 MW is the Fastest growing segment in Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market to 2032 with a Growth rate of 5.52 % in forecast period 2025-2032.
-
Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market to 2032, By Voltage Rating
- 350-640 kV is the largest segment in Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market to 2032 with a revenue of 498.74 USD Billion in the year 2024.
- 350-640 kV is the Fastest growing segment in Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market to 2032 with a Growth rate of 5.73 % in forecast period 2025-2032.
Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market Company Share Analysis
| Company Name |
|
||
| Siemens | |||
| ABB | |||
| Hitachi, Ltd. | |||
| Prysmian Group | |||
| GE Vernova and/or its affiliates | |||
Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market Geographical Sales Distribution, 2018-2032 USD Billion
Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market is segmented based on Segmentation Component,Project Type,Technology,Application,Power Rating,Voltage Rating.
Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market was valued at USD 1.15(Revenue in USD Billion) in 2024.
Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market is projected to grow at a CAGR of 5.26% during the forecast period of 2024 to 2032.
The Bulk Power Transmission segment is expected to dominate the Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market, holding a largest market share of 0.69 USD Billion in 2024
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Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market Scope
Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market Segmentation & Scope
Component
- Others
- Electrodes
- Reactive Power Supplies
- Control and Protection
- Transmission Cables
- Converter Stations
Project Type
- Multi-terminal System
- Back-To-Back Stations
- Point-To-Point Transmission
Technology
- Capacitor Commutated Converter
- Voltage Source Converter
- Line Commutated Converter
Application
- In-feed Urban Areas
- Interconnecting Grids
- Bulk Power Transmission
Power Rating
- Below 500 MW
- 501-1000 MW
- Above 2001 MW
- 1501-2000 MW
- 1001-1500 MW
Voltage Rating
- More Than 800 kV
- Less Than 350 kV
- 640-800 kV
- 350-640 kV
Frequently Asked Questions
The Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market is segmented based on Segmentation Component,Project Type,Technology,Application,Power Rating,Voltage Rating.
Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market was valued at USD 1.15(Revenue in USD Billion) in 2024.
Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market is projected to grow at a CAGR of 5.26% during the forecast period of 2024 to 2032.
The estimated market value of the Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market for final year is USD 1.72 (USD Billion).
Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market Company Profiling
Frequently Asked Questions
The Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market is segmented based on Segmentation Component,Project Type,Technology,Application,Power Rating,Voltage Rating.
Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market was valued at USD 1.15(Revenue in USD Billion) in 2024.
Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market is projected to grow at a CAGR of 5.26% during the forecast period of 2024 to 2032.
The estimated market value of the Middle East & Africa High Voltage Direct Current (HVDC) Transmission Market for final year is USD 1.72 (USD Billion).
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