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IJEETC 2022 Vol.11(6): 426-434
doi: 10.18178/ijeetc.11.6.426-434

The Impact of HVDC on the Current and Future Energy Markets

Israa Ismael Hussein, Sirine Essallah, and Adel Khedher
Laboratory of Advanced Technology and Intelligent Systems, National Engineering School of Sousse University of Sousse, 4023, Sousse, Tunisie

Abstract—Obvious technological and economic advantages of High Voltage Direct Current (HVDC) systems over traditional High Voltage Alternating Current (HVAC) systems are becoming increasingly attractive for long-distance transmission. Several research papers on HVDC transmission networks have been published. However, most of them are focused on specific geographic locations or system components. Nonetheless, this study gives a brief yet thorough overview and international assessment of HVDC transmission systems. The following are the important points to be covered in the paper: The state of the art of HVDC technology development, the benefits, economic comparisons, and constraints of HVDC systems, as well as the size of the international HVDC industry market and the impact of COVID-19 on the market, are all explored in-depth, along with a mathematical model for forecasting the evolution of market demand. According to market statistics, the Asia-Pacific region (APAC) is the biggest market and technical leader in HVDC technologies. In addition, the market for HVDC will continue to grow in the forecasted period.
Index Terms—HVDC, HVDC growth, HVDC growth mathematical model, HVDC market

Cite: Israa Ismael Hussein, Sirine Essallah, and Adel Khedher, "The Impact of HVDC on the Current and Future Energy Markets," International Journal of Electrical and Electronic Engineering & Telecommunications, Vol. 11, No. 6, pp. 426-434, November 2022. Doi: 10.18178/ijeetc.11.6.426-434

Copyright © 2022 by the authors. This is an open access article distributed under the Creative Commons Attribution License (CC BY-NC-ND 4.0), which permits use, distribution and reproduction in any medium, provided that the article is properly cited, the use is non-commercial and no modifications or adaptations are made.