Middle East & Africa Hvdc Converter Station Market Size & Outlook
Middle East & Africa hvdc converter station market, 2018-2030 (US$M)
MEA hvdc converter station market highlights
- The MEA hvdc converter station market generated a revenue of USD 231.1 million in 2023.
- The market is expected to grow at a CAGR of 3.7% from 2024 to 2030.
- In terms of segment, line commutated converter (lcc) was the largest revenue generating technology in 2023.
- Line Commutated Converter (LCC) is the most lucrative technology segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 231.1 million |
| Market revenue in 2030 | USD 297.9 million |
| Growth rate | 3.7% (CAGR from 2023 to 2030) |
| Largest segment | Line commutated converter (lcc) |
| Fastest growing segment | Line Commutated Converter (LCC) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Line Commutated Converter (LCC) |
Other key industry trends
- In terms of revenue, MEA region accounted for 2.0% of the global hvdc converter station market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,522.5 million by 2030.
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HVDC Converter Station Market Scope
HVDC Converter Station Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa hvdc converter station market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hvdc converter station market will help companies and investors design strategic landscapes.
Line commutated converter (lcc) was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Middle East & Africa hvdc converter station market based on line commutated converter (lcc) covering the revenue growth of each sub-segment from 2018 to 2030.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa hvdc converter station market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa hvdc converter station market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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