Global High Voltage Direct Current (HVDC) Cable Market Growth 2025-2031

The global High Voltage Direct Current (HVDC) Cable market size is predicted to grow from US$ 1942 million in 2025 to US$ 3097 million in 2031; it is expected to grow at a CAGR of 8.1% from 2025 to 2031.

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.

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.

LP Information, Inc. (LPI) ' 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 2024, providing a comprehensive analysis by region and market sector of projected High Voltage Direct Current (HVDC) Cable sales for 2025 through 2031. 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.

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.

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 analysing 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 by Type, by Application?

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