Trusted Business Insights presents the Updated and Latest Study on HVDC Cables Market 2019-2025. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.
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Abstract, Snapshot, Market Analysis & Market Definition: HVDC Cables Market
Industry / Sector Trends
HVDC Cables Market size in 2018 was over USD 6 billion and is anticipated to surpass an annual installation of 15000 km by 2025.
U.S. High Voltage Direct Current Cables Market Size, By Voltage, 2018 & 2025 (USD Million)
HVDC cables market has been influenced on account of increasing demand for outsourced service providers and aging & inadequate transmission infrastructure. In addition, prevailing digitalization has significantly incorporated a positive business outlook on account of rising energy consumption across data centres and communication base stations. According to IEA, the global demand for electricity increased by 4% in 2018. Increasing focus on sustainable energy sources with an aim to achieve energy efficiency will encourage the product adoption.
Brownouts, weather-related disasters, harmonic fluctuations and power outages are the few indispensable parameters that will stimulate the high voltage direct current cables market growth. Ongoing technological advancements with an aim to circumvent mechanical & electrical losses across a network coupled with the rising demand for uninterruptible power supply will augment the overall business potential.
Market Segmentation, Outlook & Regional Insights: HVDC Cables Market
HVDC Cables Market, By Voltage
Extra HV cables are projected to grow over USD 4 billion by 2025. Ongoing expansion of ultra-high transmission lines to sustain losses accumulated from long route electricity supply coupled with large-scale commercial development will drive the industry dynamics. Less utilization of conductors, no sagging losses and effective long-route transmission of power are among the underlying parameters complementing the product penetration.
High Voltage cables will witness growth on account of lightweight, high power transmission capacity, easy handling and high density. The cable industry has been influenced by several sets of regulatory guidelines and mandates, which have standardized the global deployment and manufacturing trends. In the current scenario, electricity deficit areas have been the prime focus for installers and regulators as they pose significant potential for business growth and expansion.
HVDC Cables Market, By Installation
Overhead installation is projected to exceed an annual deployment of 10800 km by 2025. Rising demand for revamping & upgradation of conventional grid transmission sub-structures will drive the product penetration. Positive policy interventions along with favourable sectoral schemes have strengthened the electrical industry share. In addition, rowing inclination toward the deployment of HVDC cables to suffice inter-regional power demand will further strengthen the business potential.
Submarine installation will gain an upsurge on account of ongoing development of offshore O&G platforms coupled with increasing adoption of offshore wind farms. Expansion of island interconnections favoured by lesser line losses and reliable & safe offshore power transmission will drive the technological adoption. Furthermore, industrial integration pertaining to efficient and economical cable technology along with increasing dependence on renewable energy assets will strengthen the business potential.
HVDC Cables Market, By Application
Minimal short-circuit current, effective asynchronous interconnection, lower losses and better controllability are the few imperative factors that will foster the intra-regional network growth. Rising need for safe & secure electricity supply along with reduced environmental damage will positively influence the industry landscape. Moreover, operational safety through reducing overall transmission losses and efficient power supply will further fuel the business outlook.
Europe HVDC Cables Market Size, By Application (km)
Cross-border application will witness growth owing to positive measures for electricity supply across grid-isolated areas and increasing population across cities. The rise in energy demand has driven utilities to upgrade & upscale regional power transmission infrastructure with an objective to ensure reliability & security. Henceforth, burgeoning peak load demand influenced by growing investments toward effective grid networks along with positive regulatory and consumer outlook pertaining to the adoption of variable renewable energy (VRE) will strengthen the industry share.
HVDC Cables Market, By Region
The U.S. HVDC cables market is anticipated to witness substantial growth subject to the proliferation across North American oil & gas production coupled with the rising demand for the refurbishment & upgradation of the existing grid network. Moreover, increased focus pertaining to the upgradation of conventional electrical devices with improved high-quality units will positively sway the product adoption.
Middle East & Africa HVDC Cables Market Size, By Country, 2025 (USD Million)
Europe HVDC cables market on account of prevailing advancements toward an efficient transmission network is set to surpass USD 3.6 billion by 2025. Transmission & distribution retrofitting industry plays a crucial role in surging the demand across the region. Stringent regulatory framework toward efficient power transmission along with rising cross-border energy trade will further augment the industry dynamics.
Key Players, Recent Developments & Sector Viewpoints: HVDC Cables Market
Eminent industry players operating across the HVDC cables market include Siemens, Hitachi, Mitsubishi, GE, Toshiba, Sumitomo, ZTT, Nexans, Gupta Power, ZMS Cable, Alfanar, Prysmian, Taihan, LS Cable & System, ABB, NKT, Hengtong, TF Cables and Ningbo Orient.
Leading industry participants have shifted their focus pertaining to significant innovation & research fund allocation to strengthen their business potential. Technological collaborations, mergers & acquisitions, inorganic growth ventures and product assortment have been the major strategic inferences followed by the key industry players.
High Voltage Direct Current Cables Industry Viewpoint
These are cables/wires used to transmit electricity over long distances by overhead, submarine or underground transmission lines. HVDC cables of different types serves various applications in unsynchronized AC transmission systems, renewable electricity superhighways and ignition system
What are the Key Insights Covered: Exhaustive HVDC Cables Market
1. Market size (sales, revenue and growth rate) of HVDC Cables industry.
2. Global major manufacturers’ operating situation (sales, revenue, growth rate and gross margin) of HVDC Cables industry.
3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of HVDC Cables industry.
4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of HVDC Cables industry.
What is the Research Methodology used: HVDC Cables Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.
Quick Read Table of Contents of this Report @ WorldWide HVDC Cables Market, Industry / Sector Analysis Report, Regional Outlook & Competitive Market Share & Forecast, 2019 – 2025
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