Global HVDC Cables Market  Industry Outlook, Size, Growth Factors and Forecast 2029


Posted December 14, 2022 by SANDHYARANI

n addition, by 2030, the United States is expected to invest more than US$ 70 billion in subsea wind energy installations.
 
HVDC Cables Market is expected to be 35% during the forecast period and the market size is expected to reach nearly US$ 44.13 Bn by 2027.

HVDC Cables Market Overview:

For the global industry’s HVDC Cables market analysis, a research team did thorough primary and secondary research. Secondary research was carried out to enhance the existing data, segment the market, estimate overall market size, predict the market size, and growth rate.

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Market Scope:

Several methods for determining market value and market growth rate have been developed. Maximize research crew gathered market information and data from a variety of sources to present a more accurate regional view. The country-level analysis of the study is based on an examination of numerous regional stakeholders, regional tax laws and policies, consumer behavior, and macroeconomic data.

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Segmentation:

Based on the Application, the HVDC Cables Market is segmented into Overhead Line, Submarine, and Underground. The Submarine segment held the largest market share, accounting for 51.3% in 2020. The growing adoption of HVDC cables in Submarine projects across the globe is boosting the market growth. In addition, ongoing off-shore projects across the globe are increasing the product demand. For instance, The BRITIB project, a 1330 km undersea HVDC installation for energy transmission, has brought together the United Kingdom, Spain, and France. Russia and Japan have decided to build a Russia-Japan grid, which will use high-voltage direct current (HVDC) cables to connect the two nations' energy grids. China's state grid corporation is constructing 3200 kilometers of high-voltage direct current (HVDC) cables for energy transmission. In addition, by 2030, the United States is expected to invest more than US$ 70 billion in subsea wind energy installations.

Key Players:

• NKT A/S
• Nexans Group
• Prysmian Group
• LS Cable & System Ltd.
• ABB
• Siemens
• General Electric
• Hitachi

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Regional Analysis:

A country-level study of the HVDC Cables Market focuses on segments identified as potentially high-growth, countries with the biggest market share, and nations with the greatest development potential. North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other nations are the geographical breakdowns in the HVDC Cables Market study.

COVID-19 Impact Analysis on HVDC Cables Market:

The study investigates macroeconomic data, market trends, underlying variables, and market attractiveness by segment. COVID-19 (Corona Virus) has an influence on the product industry chain, encompassing upstream and downstream markets, regions, and nations, as well as the future growth of the industry.

Key Questions Answered in the HVDC Cables Market Report are:

Which are the major players in the HVDC Cables market?
What key trends are likely to emerge in the HVDC Cables market in the coming years?
What will be the HVDC Cables market size by 2027?
Which company held the largest share in the HVDC Cables market?
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Issued By sandhayrani
Country India
Categories Marketing , Media , Research
Tags global hvdc cables market
Last Updated December 14, 2022