HVDC Converter Station Market Size to Surpass USD 20.22 Billion by 2033 | Research by SNS Insider
GlobeNewswire Inc.
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•By Sns Insider
The U.S. HVDC Converter Station Market is projected to grow at a 6.49% CAGR from USD 1.28 billion in 2025 to USD 2.10 billion by 2033, driven by modernization of transmission infrastructure, renewable energy integration, and cross-border power projects. The global market is estimated at USD 13.08 billion in 2025 and expected to reach USD 20.22 billion by 2033 at a 5.63% CAGR. Key growth drivers include increasing renewable energy adoption and long-distance power transmission needs, though high capital investments and complex technology present market challenges.