South and Central America High Voltage Direct Current (HVDC) Transmission Systems Market Size- Global Industry Analysis, Share, Growth, Trends, and Forecast
The South and Central America High-Voltage Direct Current (HVDC) transmission systems market are expected to grow at a CAGR of over 40% during the forecast period. 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. Also, the governments of the countries have begun to encourage renewable electricity generation, the ability of HVDC transmission technology to integrate the new generation with the existing infrastructure is driving the market. However, with the…
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