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Underground High Voltage Cable Market Trends

  • Report ID: GMI5768
  • Published Date: May 2023
  • Report Format: PDF

Underground High Voltage Cable Market Trends

Rising world's focus on reducing carbon emissions, the demand for renewable energy sources such as wind and solar is increasing. This is leading to a growing need for underground high voltage cables to transmit power from remote locations to urban centers. In addition, factors including upgrades to existing power infrastructure to accommodate increasing energy demand and ensure a stable supply of electricity. This is driving the demand for high-quality underground high voltage cables that can handle higher voltages and provide more reliable power transmission.
 

The development of new materials and manufacturing techniques is leading to the creation of underground high voltage cables that are more durable, efficient, and cost-effective. However, governments across the globe are implementing policies and regulations to encourage the use of underground high voltage cables together with the replacement of overhead cables for higher electrical output & efficiency.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of underground high voltage cable was valued at more than USD 17.6 billion in 2022 and will grow at over 6% CAGR between 2023 and 2032.

The underground HVDC cables is poised to register 6.8% CAGR from 2023 to 2032 driven by the increasing conductor adoption and relatively lower losses at high transmission as compared to AC cables.

The Asia Pacific underground high voltage cables market will exhibit robust growth over 2032 due to the increasing demand for reliable and uninterrupted power supply in the region.

Ducab, Riyadh Cable, Jeddah Cables, ZTT, Southwire Company, LLC, Hellenic Cables, TF Kable, Tratos, and ILJIN ELECTRIC are some of the major suppliers of underground high voltage cables.

Underground High Voltage Cable Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 18
  • Tables & Figures: 291
  • Countries covered: 9
  • Pages: 250
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