| Study Period | 2019 - 2030 |
| 2024 Market Size | USD 317.9 Million |
| 2025 Market Size | USD 332.0 Million |
| 2030 Forecast | USD 429.5 Million |
| Growth Rate (CAGR) | 5.1% |
| Largest Province | Al-Riyadh |
| Fastest Growing Province | Al-Riyadh |
| Nature of the Market | Consolidated |
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The Saudi Arabian high-voltage direct current (HVDC) transmission system market will generate an estimated revenue of USD 317.9 million in 2024, reaching USD 429.5 million by 2030, which is expected to witness a CAGR of 5.1% from 2024 to 2030. Vision 2030 creates several opportunities for this market as the electricity demand will grow due to the upcoming commercial, industrial, residential, and other mega projects.
HVDC transmission systems consist of several components for transmitting high-voltage direct current for long-distance power transmission, connecting asynchronous AC systems, and stabilizing networks against disturbance, using various transmission methods, such as overhead, submarine, and underground.
In Saudi Arabia, the requirement to transport long-distance large loads is growing, thus increasing the reliance on HVDC transmission systems, including the one that connects Yanbu to NEOM.
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