High Voltage Direct Current (HVDC) Cable Market
Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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High Voltage Direct Current (HVDC) Cable Market
High Voltage Direct Current (HVDC) Cable Market Size and
Growth
The global HVDC cable market is witnessing significant growth due to increasing demand for renewable energy sources and the expansion of smart grid infrastructure. The market size is expected to reach $8.9 billion by 2026, with a CAGR of 8.2% during the forecast period. Key players include Nexans, Prysmian, and ABB.
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Companies Covered (Covid 19 Impact Covered)
◍ ABB
◍ Nexans
◍ NKT
◍ Prysman
◍ General Cable
◍ LS Cable
The High Voltage Direct Current (HVDC) Cable Market is highly competitive with key players such as ABB, Nexans, NKT, Prysmian, General Cable, and LS Cable dominating the market. These companies offer a wide range of HVDC cables for various applications, helping to drive the growth of the market.
- ABB: Sales revenue of $3.8 billion
- Nexans: Sales revenue of $6.5 billion
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Market Segmentation
By Application
◍ Submarine
◍ Underground
◍ Overhead
◍ 60-150 KV
◍ 151-300 KV
◍ Above 300 KV
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By Product
Market Growth
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$ X Billion USD
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