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Medium Voltage Direct Current Market: Size, Share, Growth, Analysis, Key Players, Revenue, | Valuates Reports
Medium Voltage Direct Current MarketMedium Voltage Direct Current (MVDC) offers a solution to many of the microgrid and wider network stability and security challenges by delivering active control. Based on Siemens' High Voltage Direct Current (HVDC) power transmission technology, like its high voltage cousin, MVDC also uses voltage-source converters (VSC) in a modular multilevel converter design (MMC).
According to new survey, global Medium Voltage Direct Current market is projected to reach US$ million in 2029, increasing from US$ million in 2022, with the CAGR of % during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Medium Voltage Direct Current market research.
Key companies engaged in the Medium Voltage Direct Current industry include Siemens Energy and Mitsubishi Electric etc. Among those companies, the top 3 players guaranteed % supply worldwide in 2022.
When refers to consumption region, % value of Medium Voltage Direct Current were sold to North America, Europe and Asia Pacific in 2022. Moreover, China, plays a key role in the whole Medium Voltage Direct Current market and estimated to attract more attentions from industry insiders and investors.
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Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Medium Voltage Direct Current market with multiple angles, which provides sufficient supports to readers' strategy and decision making.
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Segment by Type
• Technology
• Equipment
Segment by Application
• Regional Power Transmission Network
• Microgrid
• Others
By Company
Siemens Energy, Mitsubishi Electric
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