HVDC Transmission System Market in APAC Will Procure Nearly US $3,700 Mn by 2026
Huge loads of electricity transmitted over long distances can cost millions of dollars for power distribution companies. In the Asia-Pacific (APAC) region, proliferating expanse of industrialisation and urbanisation has spiked its power consumption capacities. Power distribution systems operating in this region are adopting advanced technologies and alternative sources. Governments across several APAC countries are inducing higher investment in their offshore wind projects, and while doing so, they are compelled to use efficient power transmission systems. Thus, HVDC transmission systems are...
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