Home > Energy & Power > Wire and Cable > Power Cable > Underground High Voltage Cable Market

Underground High Voltage Cable Market Trends

Report ID: GMI5768
Published Date: Jul 2024
Report Format: PDF

Download Free Sample

Underground High Voltage Cable Market Trends

The advancement of submarine and underground cable technologies has established a sustainable business platform. While suppliers and manufacturers have consistently invested in R&D to expand and improve their product portfolios, new funding from leading participants to integrate a versatile technological platform represents a significant breakthrough. In addition, a favourable consumer inclination toward using these products to protect the living environment and the increased longevity of electric infrastructure will positively influence the industry outlook. The swift commercialization aimed at boosting overall economic growth, along with foreign direct investment schemes supporting industrial and commercial establishments, will increase the demand for complex and reliable grid infrastructures.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of underground high voltage cable was reached USD 28.6 billion in 2023 and will grow at 5.8% from 2024 to 2032, driven by the rising demand for refurbishing existing electrical infrastructure.

The HVDC segment of the underground high voltage cable market will expand at over 5.8% CAGR from 2024 to 2032, attributed to the higher adoption of conductors.

Asia Pacific underground high voltage cable market is anticipated to exceed USD 35 billion by 2032, driven by the growing demand for reliable and uninterrupted power supply.

alfanar Group, Brugg Kabel AG, Ducab, Power Plus Cables Co. L.L.C, FURUKAWA ELECTRIC CO., LTD, Hellenic Cables, ILJIN ELECTRIC, Jeddah Cables, LS Cable & System Ltd, Nexans, and NKT A/S among others.