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The HVDC transmission market generated about a value of USD 11.3 billion in 2023. The industry will grow at a compound annual growth rate of 5.5% and touch USD 16.4 billion by 2030. This has a lot to do with the growing demand for electricity at a global level, gradual shift toward renewable energy sources, initiatives of the government for grid development, and tech progressions in T&D. HVDC Transmission Market Size and Share Analysis@ https://www.psmarketresearch.com/market-analysis/hvdc-transmission-market-report Of late, a major trend in the sector has been the fast progression in the VSC tech. HVDC systems based on it offers improved control, reliability, and competence, which makes them textbook for grid modernization and the incorporation of renewable energy sources. One substantial initiative by the Indian government regarding this is the NEP, which includes the construction of novel transmission lines and the advancement of the present HVDC lines. India launched

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