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 HVDC transmission systems have immense benefits over the traditional AC systems, especially when it comes to long-distance transmission of power and interregional grid interconnections. The systems minimize the transmission losses, improve grid stability, and allow integration of renewable sources such as solar and wind to take place seamlessly.

The renewable energy pipeline of Saudi Arabia, featuring mega-projects like NEOM, the Red Sea Project, giant solar parks, etc., needs high-quality transmission networks that can distribute power across the expansions of deserts. The HVDC technology is a sure way to relocate electricity to urban load centers, such as Riyadh, Jeddah, and Dammam, with ease.

Also, with HVDC, power quality is enhanced and the control of electricity flows is accurate, which is essential in a modern and robust grid.

Rising Market through Renewable Energy.

The Saudi Arabian Government intends to produce 50 percent of its electricity through renewable means by 2030. Potential of solar and wind energy is one of the best in the country especially in areas that are distant to the major consumption centers.

This is because this gap in geography offers a good argument in favor of the HVDC infrastructure. The Saudi Arabia HVDC Transmission Market is expanding as a direct result of the increasing demand level of high-capacity transmission lines that are long distance.

The government is serious about scaling clean energy as evidenced in the Mega renewable projects such as the Sakaka Solar Plant and Dumat Al Jandal Wind Farm. With a growing number of gigawatt-scale projects getting into the pipeline, HVDC corridors will be critical in supporting a reliable and efficient grid.

Regional Integration and Strategic Grid Interconnections.

In addition to the domestic infrastructure, Saudi Arabia is enhancing the grid connectivity across the region. Interconnection projects with the gulf cooperation council (GCC) countries and the neighbors need highly developed transmission systems to facilitate bulk exchange of power.

HVDC connector links are also well adapted in asynchronous grid interconnections where the trade of energy is possible without destabilizing the system. With the growth of regional energy cooperation, HVDC infrastructure of the Kingdom is likely to be an important strategic resource to the economic and energy security goals.

Participation and Technological Advancements in the Industry.

The global technology leaders dealing with HVDC solutions are actively involved in the market. Firms like Hitachi Energy (previously ABB Power Grids), Siemens Energy, GE Grid Solutions, Mitsubishi Electric, and Prysmian Group are actively contributing towards the provision of converter stations, power cables and advanced control systems.

These firms can offer years of experience in the implementation of large scale HVDC projects across the globe. Their presence in Saudi Arabia is an appreciation of the market becoming more appealing and government focus on the implementation of proven and high-efficiency transmission technologies.

Meanwhile, the involvement of local partners and engineering companies in the implementation of the project is also in line with the strategy of localization in Saudi Arabia, and it helps to increase the domestic capacity of such development of high-voltage infrastructure.

Modernization of infrastructure and Smart grid implementation.

Modernization of the transmission network in Saudi Arabia does not only involve expansion of capacity. The Kingdom is gradually adopting smart grid systems, new monitoring systems, and new control systems.

HVDC systems of the modern day have advanced power electronics, real time diagnostics, and automated control. Such features increase operational efficiency and reduce downtimes, which are vital to a state with a stable growth of electricity demand due to industrialization, urbanization, and massive construction of tourism facilities.

These digital transformation initiatives are inextricably connected with the development of the Saudi Arabia HVDC Transmission Market, and it has become one of the pillars of the overall energy modernization plan.

Possible Obstacles and Concerns.

HVDC projects are also costly in terms of capital investment and advanced engineering skills even though their prospects of growth are high. Careful planning and coordination are required in converter stations, submarine or underground cables and grid integration processes.

Nevertheless, the initial costs are frequently offset by long-term operational savings, less transmission loss, and system stability. Financial and technical risks are being reduced with the help of government-supported initiatives and strategic partnerships which guarantee a stable market development.

Market Pictures: A High-Growth Potential.

The Saudi Arabia HVDC transmission industry is about to experience a tremendous growth in the future. New opportunities will keep on emerging with renewable installations growing, the demand of electricity growing, and cross-border interconnection initiatives.

According to industry observations by MarkNtel Advisors, the pioneering market research and consulting firm, Saudi Arabia HVDC Transmission Market is set to record tremendous growth in the next few years. The detailed analysis of the firm shows high investment trends, adoption of technology, and competitive trends that are influencing the industry.

MarkNtel Advisors is a company that offers detailed research reports, which enable stakeholders to know the regulatory environment, major market forces, competitive forces and new opportunities in the Saudi Arabia high voltage transmission system. Their fact-based model facilitates the sound decision-making of investors, policymakers and even technology providers.

Key Players

The Saudi Arabia HVDC Transmission Market is supported by the strong presence of globally recognized technology providers and engineering leaders that bring advanced transmission solutions and extensive project execution expertise. Key players operating in the market include ABB Ltd., GE Vernova, Hitachi Energy Ltd., Mitsubishi Electric Corporation, Schneider Electric SE, NR Electric Co., Ltd., and Sungrow Power Supply Co., Ltd. These companies are actively contributing to the development of converter stations, high-voltage power electronics, advanced grid automation systems, and HVDC cable infrastructure across the Kingdom. Their technological innovation, combined with strategic partnerships and localization initiatives, is playing a vital role in strengthening Saudi Arabia’s transmission network, supporting renewable energy integration, and enhancing overall grid reliability.

Conclusion

The energy transition in Saudi Arabia is transforming the energy infrastructure in the country. One of the key facilitators of this change is HVDC technology, which will help integrate renewable energy, improve grid reliability and trade energy between regions.

With the increased pace in infrastructure investments and the growth of the renewable capacity, the Saudi Arabia HVDC Transmission Market will continue to be at the heart of accomplishing the objectives of the Vision 2030 in the Kingdom. The industry is also highly supported by the government, presence of leading technologies around the globe and strategic market sensibilities by companies such as MarkNtel Advisors thus the industry stands well to be continued to grow in the coming years.