HVDC Cables Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Our high voltage direct current (HVDC) cable systems enable efficient long-distance transmission at high power levels, interconnecting regions and countries and electrified oil and gas platforms. This technology also allows a secure and stabilizing connection to existing electricity grids.

MARKET DYNAMICS

HVDC cables market is anticipated to surge on account of high-power transmission capacity, lightweight, low maintenance and handling cost. The cable industry is governed by several sets of guidelines and mandates, inclining industry participants toward manufacturing standardized and energy efficient product. In addition, growing electricity demand across power deficit areas has been prime focus for industry leaders and regulators owing to significant potential for business expansion and growth.

MARKET SCOPE

The ˜Global HVDC Cables Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the HVDC cables market with detailed market segmentation by voltage, cable types and transmission lines. The global HVDC cables market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading HVDC cables market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

HVDC cable market is segmented into:
1. By Voltage: On the basis of voltage the global HVDC cable market is categorized into 60-150 KV, 151-300 KV, and above 300 KV.
2. By Cable type: On the basis of cable type the market is categorized into Mass Impregnated, Extruded, and Others.
3. By Transmission line: On the basis of transmission lines, the global HVDC cable market can be segmented into Overhead Lines, Underground Lines, and Submarine Lines.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The HVDC cables market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the HVDC cables market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the HVDC cables market in these regions.
IMPACT OF COVID 19
COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the industry growth during the forecast period. As the energy demand of the world is increasing exponentially, many countries are finding renewable energy as a better alternative to fulfill their energy needs. Many projects regarding renewable energy are there, and many are going to start soon. But wind energy is going to be a significant source of renewable energy in the future.

MARKET PLAYERS

The report covers vital developments in the HVDC cables market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the HVDC cables market are anticipated to have lucrative growth opportunities in the future with the rising demand for HVDC cables in the global market. Below mentioned is the list of a few companies engaged in the HVDC cables market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the HVDC cables market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.

•   ABB Limited
  
•   BPT Chemical
  
•   C-EPRI Electric Power Engineering
  
•   Europacable
  
•   Hitachi
  
•   LS Cable
  
•   NKT A/S
  
•   NR Electric
  
•   Prysmian Group
  
•   Yashike Laien
  
  
  

The Insight Partners dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

HVDC Cables Report Scope