According to a new report, published by KBV research, The Global High Voltage Direct Current Power Supply Market size is expected to reach $5 billion by 2028, rising at a market growth of 6.9% CAGR during the forecast period.
The Telecommunication segment is showcasing a CAGR of 7.2% during (2022 - 2028). The telecommunications sector is expected to expand due to the benefits provided by HVDC supply, such as dependable and long-distance transmission with less loss. In addition, widespread internet use and extensive broadband services may accelerate infrastructure development and advance the industry.
The >4000V segment acquired maximum revenue share in the Global High Voltage Direct Current Power Supply Market by Voltage in 2021 thereby, achieving a market value of $2.3 billion by 2028. This market segment is expected to continue growing at the highest rate while maintaining its leadership during the forecast period. This is mainly because the telecommunications industry is growing, which uses this voltage range to effectively deliver enough power to targeted locations. A major element boosting the growth of this segment is also the rise in requirement for offshore infrastructure, like oil and gas platforms.
The Europe market dominated the Global High Voltage Direct Current Power Supply Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.7 billion by 2028. The Asia Pacific market is exhibiting a CAGR of 7.3% during (2022 - 2028). Additionally, The North America market would showcase a CAGR of 6.5% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/high-voltage-direct-current-power-supply-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Hitachi, Ltd. (Hitachi Energy Ltd.), Toshiba Corporation, Siemens AG, General Electric Company, XP Power, Ltd., Hamamatsu Photonics K.K., Excelitas Technologies Corp., American Power Design, Inc., American High Voltage, and Nikken Sekkei Ltd.
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Companies Profiled
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