Saudi Arabia HVDC Transmission Market Growth & Outlook 2032
Saudi Arabia is experiencing one of the most extensive energy transformations in the world. Within the framework of Vision 2030, the Kingdom is rapidly diversifying its energy portfolio, accelerating renewable energy integration, and modernizing its grid infrastructure. At the core of this transformation is High Voltage Direct Current (HVDC) technology a key enabler of long-distance, efficient electricity transmission. The Saudi Arabia HVDC Transmission Market size was valued at around USD 115.45 million in 2025 and is projected to reach USD 170.4 million by 2032 . Along with this, the market is estimated to grow at a CAGR of around 5.72% during the forecast period, i.e., 2026–32. The Saudi Arabia HVDC Transmission Market has been on a strong growth trajectory as the country accelerates investments in renewable energy, grid interconnections, and large-scale infrastructure development. The importance of HVDC to Saudi Arabia. The...