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Asia Pacific Underground High Voltage Cable Market Trends

Report ID: GMI6980 Published Date: October 2023Report Format: PDF
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Asia Pacific Underground High Voltage Cable Market Trends

The global emphasis on reducing carbon emissions has led to an increased demand for renewable energy sources, particularly wind and solar power. Consequently, there is a rising requirement for underground high voltage cables to facilitate the transmission of power from remote regions to urban centers. In addition, the need for upgrades in existing power infrastructure to cater to the growing energy demand and maintain a stable electricity supply is propelling the demand for high-quality Asia Pacific underground high voltage cables capable of handling higher voltages and ensuring more dependable power transmission.

Advancements in materials and manufacturing techniques are giving rise to a new generation of Asia Pacific underground high voltage cables that exhibit enhanced durability, efficiency, and cost-effectiveness. For instance, the utilization of high-temperature superconducting materials in cable production results in reduced power losses and decreased insulation requirements. In addition, regional government are instituting policies and regulations to promote the adoption of underground high voltage cables and the replacement of overhead cables to achieve higher electrical output and improved efficiency. The capacity of these cables to transmit power across diverse circuits with minimal losses, combined with the growing trend of conserving urban land space.

Author: Ankit Gupta, Shashank Sisodia
Frequently Asked Question(FAQ) :

How big is the Asia Pacific underground high voltage cable market?+

APAC underground high voltage cable industry size was over USD 15.7 billion in 2022 and is set to witness over 4.9% CAGR from 2023-2032 due to the increasing need for efficient transmission and distribution (T&D) control systems

Why are 110 kV to 220 kV underground high voltage cables gaining traction in APAC?+

The 110 kV to 220 kV voltage segment is set to record over 5.5% CAGR from 2023-2032 owing to the continuous expansion of transmission grid infrastructures in both residential and commercial settings

What is the value of the APAC HVDC underground high voltage cable market?+

Demand for HVDC underground high voltage cables in the Asia Pacific is anticipated to witness over 3.9% CAGR from 2023-2032 on account of higher conductor adoption along with limited losses at high transmission when compared to AC cables

Who are the key APAC underground high voltage cable market players?+

Nexans, CTC Global Corporation, & KEC International are few of the well-known underground high voltage cable providers in the Asia Pacific

Asia Pacific Underground High Voltage Cable Market Scope

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