South and Central America High-Voltage Direct Current (HVDC) Transmission Systems Market Size (2024 - 2029)

The South and Central America High-Voltage Direct Current (HVDC) transmission systems market is poised for significant growth, driven by factors such as cost efficiency for long-distance transmission and enhanced controllability. Despite the challenges posed by the increasing share of distributed and off-grid power generation, which may dampen demand, the rising energy needs and the expansion of the renewable energy sector present substantial opportunities for market expansion. Brazil is anticipated to lead the region's market due to its heightened electricity demand from hydroelectric generation.

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Market Size of South and Central America High-Voltage Direct Current (HVDC) Transmission Systems Industry

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South and Central America High-Voltage Direct Current (HVDC) Transmission Systems Market Summary
Study Period 2021 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2021 - 2022
CAGR 25.00 %
Market Concentration Medium

Major Players

South and Central America High-Voltage Direct Current (HVDC) Transmission Systems Market Major Players

*Disclaimer: Major Players sorted in no particular order

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South Central America HVDC Transmission Systems Market Analysis

The South and Central America High-Voltage Direct Current (HVDC) transmission systems market is expected to grow at a CAGR of over 25% during the forecast period.

COVID-19 negatively impacted the market in 2020. Presently the market is likely to reach pre-pandemic levels.

  • Over the long term, 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.
  • On the other hand, with the increasing share of distributed and off-grid power generation, the need and, in turn, the demand for HVDC transmission systems is expected to be reduced, which is expected to restrain the market during the forecast period.
  • Nevertheless, the growing energy demand, as well as the growth of the renewable energy sector in the South America region, is expected to create significant opportunities for the HVDC transmission systems market soon.
  • Brazil is expected to dominate the South and Central America market, owing to the increased electricity demand in hydroelectric generation.

South Central America HVDC Transmission Systems Industry Segmentation

High Voltage Direct Current transmission, generally referred to as HVDC, is a bulk power transfer technology using direct current to transmit electricity.

The South and Central America High Voltage Direct Current (HVDC) Transmission Systems Market is segmented by transmission type, component, and geography. By transmission type, the market is segmented by submarine HVDC Transmission System, HVDC overhead transmission system, and HVDC underground Transmission System. By component type, the market is segmented by converter stations and transmission mediums. The report also covers the market size and forecasts for the South and Central America High Voltage Direct Current (HVDC) transmission systems market across the major countries. The market size and forecasts for each segment are based on USD billion.

Transmission Type
Submarine HVDC Transmission System
HVDC Overhead Transmission System
HVDC Underground Transmission System
Component
Converter Stations
Transmission Medium (Cables)
Geography
Brazil
Argentina
Chile
Rest of South and Central America
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South and Central America High-Voltage Direct Current (HVDC) Transmission Systems Market Size Summary

The South and Central America High-Voltage Direct Current (HVDC) transmission systems market is poised for substantial growth, driven by factors such as the cost-effectiveness of long-distance transmission, enhanced controllability, and reduced short circuit currents. Despite the initial setbacks due to the COVID-19 pandemic, the market is rebounding and is expected to reach pre-pandemic levels. The increasing energy demand and the expansion of the renewable energy sector in South America present significant opportunities for HVDC systems. Brazil is anticipated to lead the market, fueled by its growing electricity demand from hydroelectric generation. However, the rise of distributed and off-grid power generation may pose challenges to market growth.

The HVDC overhead transmission system is expected to dominate the market due to its cost advantages and efficiency in transporting power over long distances. Brazil's extensive transmission network and significant investments in the energy sector, including renewable energy, are likely to bolster the HVDC market. The country's focus on developing new transmission systems to accommodate future energy demands, particularly from hydropower and other renewable sources, underscores the importance of HVDC technology. Key industry players such as Siemens AG, Toshiba Corporation, General Electric Company, ABB Ltd, and Prysmian Group are actively involved in the market, contributing to its development through various projects and investments.

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South and Central America High-Voltage Direct Current (HVDC) Transmission Systems Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2027

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitutes Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Transmission Type

      1. 2.1.1 Submarine HVDC Transmission System

      2. 2.1.2 HVDC Overhead Transmission System

      3. 2.1.3 HVDC Underground Transmission System

    2. 2.2 Component

      1. 2.2.1 Converter Stations

      2. 2.2.2 Transmission Medium (Cables)

    3. 2.3 Geography

      1. 2.3.1 Brazil

      2. 2.3.2 Argentina

      3. 2.3.3 Chile

      4. 2.3.4 Rest of South and Central America

South and Central America High-Voltage Direct Current (HVDC) Transmission Systems Market Size FAQs

The South and Central America High-Voltage Direct Current (HVDC) Transmission Systems Market is projected to register a CAGR of greater than 25% during the forecast period (2024-2029)

Siemens AG, Toshiba Corporation , General Electric Company , ABB Ltd and Prysmian Group are the major companies operating in the South and Central America High-Voltage Direct Current (HVDC) Transmission Systems Market.

South and Central America High-Voltage Direct Current (HVDC) Transmission Systems Report Snapshots

South and Central America High Voltage Direct Current (HVDC) Transmission Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)