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Europe HVAC Cables Market Size

Report ID: GMI4764
Published Date: May 2022
Report Format: PDF

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Europe HVAC Cables Market Size

Europe HVAC Cables Market size valued at USD 4 billion in 2021 and is anticipated to grow at over 101% AGR from 2022 to 2023. Rising investments toward the development of offshore renewable power projects coupled with the growing customer inclination towards adoption of subsea power cables will complement the industry growth. The ongoing technological enhancement in order to cater rising power outages along with to supply electricity with minimal power loss will positively sway the business scenario

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Europe HVAC Cables Market Report Attributes
Report Attribute	Details
Base Year:	2021
Europe HVAC Cables Market Size in 2021:	USD 4.6 Billion
Forecast Period:	2022 to 2030
2030 Value Projection:	USD 1.4 Billion
Historical Data for:	2018 to 2021
No. of Pages:	185
Tables, Charts & Figures:	205
Segments covered:	Voltage, Installation
Growth Drivers:	Expansion of smart grid networks Refurbishment & retrofit of existing grid infrastructure Integration of inter-regional and intra-regional transmission network Increasing deployment of offshore wind farms
Pitfalls & Challenges:	High dependency on imports

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Authors: Ankit Gupta, Shubhankar Dimri

Frequently Asked Questions (FAQ) :

The market size of European HVAC cables is expected to surpass an annual installation of 1,000 km in 2030 owing to growing investments toward the development of offshore renewable power projects.

Europe overhead HVAC cables segment is set to cross USD 1 billion until 2030 driven by the rising revamping and restructuring of transmission infrastructure.

Germany HVAC cables demand is expected to record appreciable growth through 2030 considering the escalating demand for reliable electric infrastructure and the ongoing development of transmission grid network.

Prominent players in the industry comprise NKT A/S, Power Plus Cable, TF Kable, ZTT, Ducab, Nexans, Hellenic Cables Group, and others.