Market Size of Africa High-Voltage Direct Current (HVDC) Transmission Systems Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 3.60 % |
| Market Concentration | High |
Major Players_Transmission_Systems_Market.webp "Africa High-Voltage Direct Current (HVDC) Transmission Systems Market Major Players")
*Disclaimer: Major Players sorted in no particular order |
Africa HVDC Transmission Market Analysis
The market for high voltage direct current (HVDC) transmission systems in Africa is expected to grow at a CAGR of more than 3.6% during the forecast period of 2020 - 2025. Factors such as increased penetration of renewable energy, rural electrification, and increased deployment of the smart grid network are expected to drive the market over the forecast period. However, the growing demand for distributed and remote power plants that provide electricity in rural areas without the need for large transmission & distribution infrastructure is expected to hinder the growth of the HVDC transmission systems market in the coming years.
- Transmission medium (cables) is expected to witness significant growth over the forecast period, as HVDC cables offer many technical advantages such as lower losses, improved system stability, and enhanced reliability.
- The growing energy demand, as well as the growth of the renewable energy sector in Africa, is expected to create significant opportunities for the HVDC transmission systems market in the near future.
- Egypt is expected to drive the market demand in Africa, due to its significant development of grid infrastructure over the forecast period.
Africa HVDC Transmission Industry Segmentation
The Africa high voltage direct current (HVDC) transmission systems market report include:
| Transmission Type | |
| Submarine HVDC Transmission System | |
| HVDC Overhead Transmission System | |
| HVDC Underground Transmission System |
| Component | |
| Converter Stations | |
| Transmission Medium (Cables) |
| Geography | |
| Kenya | |
| Egypt | |
| Algeria | |
| Rest of Africa |
Africa High-Voltage Direct Current (HVDC) Transmission Systems Market Size Summary
The Africa HVDC transmission system market is poised for growth, driven by factors such as the increasing integration of renewable energy sources, rural electrification efforts, and the expansion of smart grid networks. Despite these positive trends, the market faces challenges from the rising demand for distributed power solutions that can deliver electricity to remote areas without the need for extensive transmission infrastructure. The transmission medium, particularly HVDC cables, is expected to experience significant growth due to their technical advantages, including reduced losses and enhanced reliability. The burgeoning energy demand and the expansion of the renewable energy sector in Africa present substantial opportunities for the HVDC market, with Egypt anticipated to be a key driver due to its advancements in grid infrastructure.
The market landscape is characterized by a few major players, including ABB Ltd., Siemens AG, Toshiba Corporation, General Electric Company, and Mitsubishi Electric Corporation. Notable projects such as the Kenya-Ethiopia Electricity Highway and the EuroAfrica Interconnector highlight the region's commitment to developing HVDC infrastructure. These projects, along with others like the Saudi-Egyptian electrical link, are expected to bolster the market for HVDC transmission systems in Africa. While Egypt is set to play a pivotal role in driving market growth, the overall adoption of HVDC technology remains gradual, with several projects still in the planning or construction phases.
Africa High-Voltage Direct Current (HVDC) Transmission Systems Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast, in USD billion, till 2025
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitutes Products and Services
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1.7.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Transmission Type
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2.1.1 Submarine HVDC Transmission System
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2.1.2 HVDC Overhead Transmission System
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2.1.3 HVDC Underground Transmission System
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2.2 Component
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2.2.1 Converter Stations
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2.2.2 Transmission Medium (Cables)
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2.3 Geography
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2.3.1 Kenya
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2.3.2 Egypt
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2.3.3 Algeria
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2.3.4 Rest of Africa
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Africa High-Voltage Direct Current (HVDC) Transmission Systems Market Size FAQs
What is the current Africa High-Voltage Direct Current (HVDC) Transmission Systems Market size?
The Africa High-Voltage Direct Current (HVDC) Transmission Systems Market is projected to register a CAGR of greater than 3.60% during the forecast period (2024-2029)
Who are the key players in Africa High-Voltage Direct Current (HVDC) Transmission Systems Market?
ABB Ltd. , Siemens AG , General Electric Company , Toshiba Corporation and Mitsubishi Electric Corporation are the major companies operating in the Africa High-Voltage Direct Current (HVDC) Transmission Systems Market.
