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Europe HVDC Cables Market Share
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
What factors are pushing the growth of UK HVDC cables market?
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.
Why is the demand for 475 kV to 600 kV cables increasing in Europe?
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.
How big is Europe HVDC cables market?
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.
Which companies define the competitive landscape of Europe HVDC cables market?
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.