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Asia Pacific HVDC Cables Market Share

Report ID: GMI8818
Published Date: Apr 2024
Report Format: PDF

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Asia Pacific HVDC Cable Market Share

Asia Pacific HVDC Cable Company Market Share Analysis, 2023

Hitachi Energy Ltd. holds a noteworthy market share in the Asia Pacific HVDC cables market owing to its broad portfolio of innovative solutions and established reputation for reliability. With a strong presence across the region and a focus on technological advancement, Hitachi Energy Ltd. continues to be a preferred choice for HVDC cable installations, solidifying its market leadership in Asia Pacific.

Asia Pacific HVDC Cable Market Companies

Some of the major key players operating across the Asia Pacific HVDC cables industry are:

alfanar Group
General Electric
Gupta Power Infrastructure Limited
Hitachi Energy Ltd.
ILJIN ELECTRIC
LS Cable & System Ltd.
Mitsubishi Electric Corporation
Nexans
NKT A/S
Prysmian Group
Siemens Energy
Sumitomo Electric Industries, Ltd.
Taihan Cable & Solution Co., Ltd.
TOSHIBA CORPORATION
ZMS CABLE
ZTT

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of Asia Pacific HVDC cables was reached USD 2.3 billion in 2023 and is expected to register 12.1% CAGR from 2024 to 2032, owing to the increasing demand for efficient long-distance power transmission, renewable energy integration, and grid modernization initiatives worldwide.

The high voltage HVDC cables segment is expected to exceed USD 4 billion by 2032 owing to increasing investments in renewable energy projects and the need for efficient long-distance power transmission solutions.

China HVDC cables battery industry is expected to reach over USD 1.8 billion by 2032 due to increasing investments in renewable energy projects, necessitating efficient long-distance power transmission solutions in the country.

LS Cable & System Ltd., Mitsubishi Electric Corporation, Nexans, NKT A/S, Prysmian Group, Siemens Energy, Sumitomo Electric Industries, Ltd., Taihan Cable & Solution Co., Ltd., TOSHIBA CORPORATION, ZMS CABLE, and ZTT, are some of the major HVDC cables companies in Asia Pacific.