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Asia Pacific HVDC Cable Market Share
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
How big is the Asia Pacific HVDC cables market?
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.
Why is the demand for high voltage HVDC cables growing in Asia Pacific?
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.
How big is the China HVDC cables market?
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.
Who are the key leaders in the APAC HVDC cables battery industry?
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.