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Europe HVDC Cables Market Share

Report ID: GMI8641
Published Date: Mar 2024
Report Format: PDF

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Europe HVDC Cables Market Share

Company Market Share Analysis, 2023, (%)

Siemens AG is one of the leaders in the Europe HVDC cables industry with its vast experience, technological prowess, and regional presence. Its diverse portfolio of HVDC cable solutions, coupled with a focus on innovation and development, ensures high-quality products, consolidating its market leadership.

Europe HVDC Cables Market Companies

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

ABB Ltd.
ACOME
Brugg Kabel AG
GE
LS Cable & System Ltd.
Nexans
NKT A/S
Prysmian Group
Siemens AG
Sumitomo Electric Industries, Ltd.
Tele-Fonika Kable S.A.
TOSHIBA CORPORATION
Tratos
ZTT

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of Europe HVDC cables was reached USD 4.7 billion in 2023 and is anticipated to record a CAGR of 19% through 2032, complemented by the increasing focus on renewable energy sources along with grid modernization.

475 kV to 600 kV segment held a decent market share in 2023 and is projected to reach over USD 3 billion by 2032, as these cables ensure efficient transmission of electricity over long distances.

UK HVDC cables market held a decent revenue share in 2023 and is anticipated to surpass USD 2.4 billion valuation by 2032, owing to the country's rapid offshore wind farm expansion and dedication to renewable energy integration.

ABB Ltd., ACOME, Brugg Kabel AG, GE, LS Cable & System Ltd., Nexans, NKT A/S, Prysmian Group, and Siemens AG are some of the major industry contenders.