In accordance with this study, the Global HVDC Cables Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%.
High-voltage direct current (HVDC) is an electric power transmission system that uses direct current (DC) for the bulk transmission of electrical power in contrast to the alternating current (AC). HVDC cables are designed to deliver large amounts of electricity over long distances with low losses. As HVDC reduces power losses and costs, it is the only possible solution for enabling the use of renewable energy sources.
The rising demand for HVDC cables owing to their ability to transport power over distances is augmenting the market growth. Additionally, increasing awareness regarding the utilization of HVDC cables owing to its cost efficiency is further fueling the market demand. On the contrary, the high cost associated with the installation of HVDC cables may limit the market growth.
The report has been created by using crucial tools such as Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity. These tools also serve the detailed information of each application/product segment in the global market of HVDC cables.
The study offers a decisive view of the global HVDC cables market by segmenting it in terms of type and application. The report analyzes these subsets with respect to the regional segmentation. This research study will prepare marketers for the evolving needs of their customers.
- Mass Impregnated Cables
- Extruded Cables
- Overhead Line
This section covers HVDC cables market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Regional segmentation has been done based on the present and future trends in the global HVDC cables market along with the individual application segment across all the prominent region.
Global HVDC Cables Market Share by Region (Representative Graph)
This research report also includes profiles of major companies operating in the global market. Some of the prominent players operating in the global HVDC Cables market are Cable Corporation of India Ltd., LS Cable & System Ltd., Nexans Group, Ningbo Orient Wires & Cables Co., Ltd., NKT A/S, Prysmian Group, Sumitomo Electric Industries Ltd., and ZTT International Ltd. This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.
The projections featured in the report have been derived by using primary and secondary research. Secondary research has been carried out by using various sources which include (but not limited to) Corporate Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different trade publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.