The Report in light of Global HVDC Cables Market is the latest extension to the database of Infinium Global Research. This exploration investigates in light of uses, advancement, geology, and sorts. The Report gives a clear global HVDC cables market audit nearby the examination of industry’s gross edge, cost structure, usage esteem, and deal cost. The principle partnership of the HVDC cables market, makers, and dealers are profiled in the report close by the latest Industry change present and future examples. According to the report, the global HVDC cables market is projected to grow at a CAGR of 3.6% over the forecast period of 2019-2025.
HVDC Cables Market: Drivers and Restraints
The growing demand for electrical power from offshore wind farms and the need for electricity, and long distance transmission network are driving the growth of the HVDC market. HVDC systems have a lower environmental impact because they require fewer overhead lines to deliver the same amount of power as HVAC systems that lead to an increase in the demand of the HVDC market. The growth of renewable energy is anticipated to drive the market demand in the future. However, problems related to the acquisition of land and the required high cost of converting and inverting equipment’s for HVDC transmission hamper market growth. Moreover, increasing focus on renewable energy assets to achieve energy efficiency is anticipated to provide wide opportunities in the future.
HVDC Cables Market: Segmentation
The HVDC market is segmented on the basis of type and applications. On the basis of type, the market is segmented into mass-impregnated cables, extruded cables, and others (including oil-filled cables and superconducting cables). The extruded cables hold the large market share of the HVDC market due to it is light and easy to handle. Based on applications, the market is segmented into overhead line, submarine, and underground. The overhead line segment holds the large market share of the HVDC market due to less cost of installation than underground and submarine lines.
HVDC Cables Market: Regional Insight
Among the geographic regions, Asia-Pacific is the largest market for the global High Voltage Direct Current (HVDC) market due to the factors such as technological advances as ultrahigh-voltage direct current (UHVDC) technology and voltage source converter (VSC) based technology for power transmission is driving the growth of the market in this region. Additionally, development of power infrastructure and government initiatives and investments in renewable energy sources and application of smart grid technology are expected to boost the market growth in countries such as China, India, and Japan in the future.
HVDC Cables Market: Competitive Analysis
Some of the industry participants of the global high voltage direct current market are NKT A/S, LS Cable & System Ltd., ABB, Siemens, Nexans Group, General Electric, Hitachi, Mitsubishi Electric, NR Electric, and C-Epri Electric Power Engineering among the others. In March 2018, ABB has introduced Ability MineOptimize, an advanced portfolio of augmented electrification, drives and automation solutions, optimized engineering, digital applications, and collaborative services.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/energy-mining-infra/global-hvdc-cables-market
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the HVDC Cables.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
