Global High Voltage Direct Current (HVDC) Cable Market Growth 2023-2029

Global High Voltage Direct Current (HVDC) Cable Market Growth 2023-2029

High Voltage Direct Current (HVDC) Cable are including the submarine, underground and the overhead cable.

High Voltage Direct Current (HVDC) underground cables have been in commercial use since the 1950’s. Today, HVDC underground cables can carry medium and high power (100 MW up to 1,000 MW) over distances above 50 km.

So far, HVDC transmission has mainly been used in submarine applications, either connecting offshore wind farms to land or transmitting high electrical power over long distance through the sea were overhead lines cannot be used.

LPI (LP Information)' newest research report, the “High Voltage Direct Current (HVDC) Cable Industry Forecast” looks at past sales and reviews total world High Voltage Direct Current (HVDC) Cable sales in 2022, providing a comprehensive analysis by region and market sector of projected High Voltage Direct Current (HVDC) Cable sales for 2023 through 2029. With High Voltage Direct Current (HVDC) Cable sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world High Voltage Direct Current (HVDC) Cable industry.

This Insight Report provides a comprehensive analysis of the global High Voltage Direct Current (HVDC) Cable landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on High Voltage Direct Current (HVDC) Cable portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global High Voltage Direct Current (HVDC) Cable market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for High Voltage Direct Current (HVDC) Cable and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global High Voltage Direct Current (HVDC) Cable.

The global High Voltage Direct Current (HVDC) Cable market size is projected to grow from US$ 1672.8 million in 2022 to US$ 2883.9 million in 2029; it is expected to grow at a CAGR of 2883.9 from 2023 to 2029.

Global High Voltage Direct Current (HVDC) Cable key players include ABB, NKT, Nexans, Prysmian, etc. Global top four manufacturers hold a share about 85%.

China is the largest market, with a share over 40%, followed by Europe, and North America, both have a share over 40 percent.

In terms of product, 151-300 KV is the largest segment, with a share nearly 55%. And in terms of application, the largest application is Overhead, followed by Submarine, Underground.

This report presents a comprehensive overview, market shares, and growth opportunities of High Voltage Direct Current (HVDC) Cable market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

60-150 KV

151-300 KV

Above 300 KV

Segmentation by application

Submarine

Underground

Overhead

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

ABB

Nexans

NKT

Prysman

General Cable

LS Cable

Key Questions Addressed in this Report

What is the 10-year outlook for the global High Voltage Direct Current (HVDC) Cable market?

What factors are driving High Voltage Direct Current (HVDC) Cable market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do High Voltage Direct Current (HVDC) Cable market opportunities vary by end market size?

How does High Voltage Direct Current (HVDC) Cable break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.