HVDC Cables Market Is Likely to Experience a Tremendous Growth by 2029

The global HVDC cables market is anticipated to grow at a CAGR of 7.0% during the forecast period. Increasing demand for superconducting cables coupled with benefits such as lightweight, high-power transmission capacity, and low maintenance is supporting the demand for HVDC cables. Superconducting power cables have gained potential interest owing to their high effectiveness, compact size, and reduced environmental footprint. These advantages are becoming increasingly important as grid operators across the globe seek to upgrade and expand their networks to accommodate the transition to renewable energy. HVDC links provides operators with more ways, to boost stability and increase the grid’s power quality, efficiency, and security of supply.  An HVDC superconducting cable system is designed to operate at high voltage with a range of possible currents exceeding 3 kA. Below this current level, conventional resistive cable technology is more able to meet grid requirements. 

For instance, Prysmian S.p.A.’s ±525 kV HVDC underground cable is a cable system designed with large conductor cross-sections for high transmittable power over long distances, it uses less space by reducing the amount of cable to transmit the power. In addition, Siemens AG and Sumitomo Electric Industries, Ltd. commissioned the first VSC HVDC link to improve power quality in India, this joint venture of Siemens Energy and Sumitomo Electric has completed connecting India’s first high-voltage direct current (HVDC) link featuring voltage-sourced converter (VSC) and DC-XLPE cable technology. 

 In February 2021, the PM of India Mr. Narendra Modi officially inaugurated the link, which is a ±320 kilovolt (kV) HVDC system that connects Pugalur in Tamil Nadu to Thrissur in Kerala. Also, In April 2019, Dutch TSO announced its plans to provide cables for IJmuiden offshore wind project, this would be the world’s first 2 GW direct current offshore wind link.  These factors significantly contribute to the growth of the global HVDC cables market. 

To Request a Sample of our Report on HVDC Cables Market:  https://www.omrglobal.com/request-sample/hvdc-cables-market

Market Coverage

•                  The market number available for – 2022-2030

•                  Base year- 2022

•                  Forecast period- 2023-2030

Segment Covered- 

·                  By Voltage

·                  By Installation

·                  By Application

Regions Covered-

·                  North America

·                  Europe

·                  Asia-Pacific

·                  Rest of the World

•                  Competitive Landscape- Siemens AG, Hitachi, Ltd., Toshiba Corp., Mitsubishi Electric Corp., and General Electric Co.

A full Report of HVDC Cables Market is Available @  https://www.omrglobal.com/industry-reports/hvdc-cables-market

HVDC Cables Market Report by Segment

By Voltage

•                  High {35 kV to 475 kV}

•                  Extra High {> 475 kV to 600 kV}

•                  Ultra-High {> 600 kV}

By Installation

•                  Overhead

•                  Submarine

•                  Underground

By Application

•                  Intra-Regional

•                  Cross Border

HVDC Cables Market Report by Region

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•       Latin America

•       Middle East and Africa 

Company Profiles 

•                  ABB Ltd

•                  alfanar Group

•                  Gupta Power Infrastructure Ltd.

•                  ILJIN co., ltd.

•                  J-POWER/Electric Power Development Co.,Ltd.

•                  LS Cable & System Ltd.

•                  LS Corp.

•                  Nexans

•                  NKT A/S

•                  Prysmian S.p.A.

•                  Sumitomo Electric Industries, Ltd.

•                  Taihan Cable & Solution Co., Ltd.

•                  ZMS Cable Co., Ltd.

•                  ZTT

Reasons to buy from us –

1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/hvdc-cables-market

About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404 

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