HVDC Cables Market, Industry Analysis Report, Regional Outlook (United States, Canada, China, Japan, Korea, India, Germany, South Africa, Saudi Arabia, United Arab Emirates and Brazil), Application Development, Competitive Market Share and Forecast, 2019 – 2025
Report ID: GMI3510
HVDC cables market will grow on account of aging and inadequate transmission infrastructure coupled with the increasing demand for outsourced service providers. Growing focus on renewable energy assets with an objective to achieve energy efficiency will further complement the business outlook. In addition, power outages owing to blackouts, brownouts, grid inefficiencies and weather-related disasters are among the paramount factors that will propel the industry growth.
Favorable government measures pertaining to the development of intra-regional & cross border electrical networks along with rising demand for refurbishment & upgradation of conventional grid transmission infrastructure will stimulate the HVDC cables market. Ongoing technological progression with an objective to circumvent mechanical & electrical losses across a network along with increasing demand for reliable power deliveries will further augment the industry growth.
Mass impregnated cables will onlook growth on account of high-density, light weight, easy handling and high-power transmission capacity. These cables can be installed in high voltage DC links in very long lengths, up to several hundreds of kilometers. Effective power supply and operational safety through minimizing overall transmission losses are the prime factors which will further increase the product penetration.
Extra high voltage cables in the recent years have gained substantial growth on account of prevailing development of ultra-high transmission lines to withstand losses accumulated from long-distance electrical supply. Effective long-route transmission of power, less utilization of conductors and no sagging losses are few of the underline parameters which will encourage the product adoption.
Better controllability, minimal short-circuit current, lower losses and effective asynchronous interconnection are the key factors which will stimulate the overhead HVDC cables market. Positive sectoral schemes accompanied by favorable policy interventions toward the development of effective, reliable and sustainable power resources will positively influence the industry landscape.
Underground HVDC cables market will witness growth on account of increasing need for secure and safe electricity supply coupled with less environmental damage. Superior flexibility, high insulation and unique design across the electricity distribution networks are among the key advantages which will drive the business outlook.
HVDC cables market across the U.S. is anticipated to observe significant growth on account of expansion of North American offshore oil & gas production along with increasing demand for upgradation & refurbishment of the conventional grid network. Furthermore, rapid infrastructure investment in conjunction with rising energy demand will positively impact the industry landscape.
Eminent industry players operating across the HVDC cables market includes KEI Industries Limited, Prysmian, ZTT, Nexans, MasTec, Skipper Limited, Kalpataru, KEC International, Arteche, APAR Industries, Gupta Power Infrastructure, Sumitomo, Polycab, Riyadh Cables, Southwire Company, Oman Cables, Special cables, Arrow Cables and others.
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