High Voltage Direct Current (HVDC) Cables Market
High Voltage Direct Current (HVDC) Cables Market
Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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High Voltage Direct Current (HVDC) Cables Market Size and Growth
The global High Voltage Direct Current (HVDC) Cables market is experiencing steady growth due to increasing investments in renewable energy projects and growing demand for efficient power transmission. Market size estimates suggest a value of $3.5 billion, expected to reach $5.2 billion by 2025. Demand for HVDC cables is driven by their ability to transmit power over long distances with minimal losses. Request Sample Report
Companies Covered (Covid 19 Impact Covered)
◍ Prysmian
◍ Nexans
◍ LS Cable & System
◍ Far East Cable
◍ Shangshang Cable
◍ Baosheng Cable
◍ Southwire
◍ Jiangnan Cable
◍ Sumitomo Electric
◍ NKT Cables
◍ TF Kable
◍ Hanhe Cable
◍ Furukawa Electric
◍ Okonite
◍ Condumex
◍ Riyadh Cables
◍ Elsewedy Electric
The competitive landscape of the HVDC cables market consists of key players such as Prysmian, Nexans, LS Cable & System, Far East Cable, Shangshang Cable, Baosheng Cable, Southwire, Jiangnan Cable, Sumitomo Electric, NKT Cables, TF Kable, Hanhe Cable, Furukawa Electric, Okonite, Condumex, Riyadh Cables, and Elsewedy Electric. These companies provide HVDC cables for various applications such as renewable energy, grid interconnections, and offshore wind farms, contributing to the growth of the market.
- Prysmian: $10.48 billion
- Nexans: $6.63 billion
- LS Cable & System: $4.18 billion
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Market Segmentation
By Application
◍ Submarine
◍ Underground
◍ Overhead
By Product
◍ Mass Impregnated Cables
◍ Extruded Cables
◍ Others
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$ X Billion USD
Market Growth
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