Forecast of Global High Voltage Direct Current (HVDC) Transmission Consumption Market 2023

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Global High Voltage Direct Current (HVDC) Transmission market will register a 9.9% CAGR in terms of revenue, reach US$ 13500 million by 2023, from US$ 7650 million in 2017. HVDC Transmission uses direct current for the bulk transmission of electrical power, in contrast with the more common alternating current (AC) systems. For long-distance transmission, HVDC systems may be less expensive and suffer lower electrical losses. 

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