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HVDC Cables Market Share

Report ID: GMI3510
Published Date: Jul 2024
Report Format: PDF

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HVDC Cables Market Share

Companies like Prysmian Group, Belden, and Nexans hold the largest market share in the HVDC cables industry due to their advanced technological expertise, extensive product portfolios, and global presence. They invest heavily in R&D to innovate and improve HVDC cable efficiency and reliability. Additionally, these companies have established strong partnerships and contracts with major utilities and renewable energy projects, ensuring a steady demand for their products.

HVDC Cables Market Companies

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

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

Market size for HVDC cables was USD 9.8 billion in 2023 and may witness 16.5% CAGR through 2032 due to increasing demand for efficient long-distance power transmission

HVDC cables market from the extra high (> 475 kV to 600 kV) voltage segment is poised to cross USD 16.4 billion by 2032 owing to their importance for efficient long-distance power transmission.

Europe industry size may cross USD 9.6 billion by 2032, owing to the rising focus on renewable energy sources, such as offshore wind farms in the region

Some of the major HVDC cables market participants include Mitsubishi Electric Corporation, Siemens Energy, Hitachi Energy Ltd., General Electric and TOSHIBA CORPORATION