Global HVDC Cables Market

Global HVDC Cables Market Overview 

• The Global HVDC Cables Market Size is Expected to Grow from USD 9.38 Billion in 2023 to USD 41.78 Billion by 2033, Growing at a CAGR of 16.11% during the forecast period 2023 to 2033.
• The market growth is driven by the global focus on sustainable energy solutions and technical improvements, which increase as the energy environment changes.
• Concurrently, the market expansion is also aided by government policies and substantial investments for modernizing old electricity infrastructure systems.
• Moreover, for long-distance transmission, there is a high need for such cables, which drives the market growth.

Major vendors in the Global HVDC Cables Market

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, and others.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Decision Advisor has segmented the HVDC cables market based on the below-mentioned segments:

Global HVDC Cables Market, By Voltage

• High
• Extra High
• Ultra High

Global HVDC Cables Market, By Installation

• Overhead
• Submarine
• Underground

Global HVDC Cables Market, By Application

• Intra-Regional
• Cross Border

Global HVDC cables Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa