High-Voltage (HV) Cable market Growth Set to Surge Significantly to 2030

High-Voltage (HV) Cable market Growth Trend & Forecast with latest research study released by Delvens evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global High-Voltage (HV) Cable market.

The global High-Voltage (HV) Cable market size was estimated at USD 40.5 billion in 2023 and is projected to reach USD 59.3 billion in 2030 at a CAGR of 5.6% during the forecast period 2023-2030.

Get Free Sample Report: https://www.delvens.com/get-free-sample/high-voltage-hv-cable-market

High voltage cables are utilized for the transmission and distribution of power at elevated voltages. These cables possess structural components comprising of one or more conductors, protective jackets, and insulators. An important structural divergence that sets high voltage cables apart from other cable types is the existence of additional internal layers within the insulation jacket that facilitate the control of electric flow surrounding the conductor.

This attribute assists in mitigating power losses during long-range transmissions, thereby rendering high voltage cables more efficient than their counterparts in power transmission. High voltage cables may be installed as overhead cables, buried cables in industrial settings, or even submarine cables for power transmission between different states and countries.

Delvens Industry Expert's Standpoint

The escalation in demand for energy due to the growth in population and urbanization has contributed to the expansion of the global high voltage cables market. The upgradation of aged grid infrastructure that was previously able to meet power distribution and transmission requirements is now being substituted with cutting-edge smart grids. The development of these grids necessitates the establishment of new transmission networks that prioritize the usage of high voltage cables with high current carrying capacity over long distances as compared to other options.

Competitive Landscape

• Prysmian Group

• Sumitomo Electric Industries Ltd.

• Nexans

• LS Cable & System Ltd.

• NKT A/S

• Furukawa Electric

• Taihan Cable & Solution Co., Ltd.

• ZTT

• Elsewedy Electric Company

• Wuxi Jiangnan Cable

• Riyadh Cables

• PFISTERER Holding AG

• DUCAB

• TE Connectivity

• Brugg Kabel AG and More

For More Inquiry Contact us: https://www.delvens.com/Inquire-before-buying/high-voltage-hv-cable-market

Regional Analysis:

North America to Dominate the Market

• North America possesses a limited market share within the industry. However, due to the prevailing replacement of antiquated grids throughout the region, the high voltage cable market is anticipated to experience gradual growth within the area.

• The exploration endeavors of the oil and gas industry have significantly contributed to the expansion of the industrial sector of the market.

Recent Developments

• In May 2023, The Prysmian Group has issued an announcement pertaining to the triumphant acquisition of a contract with an estimated worth exceeding USD 864.9 million. This contractual agreement is in reference to the initiation of a new power interconnection project between France and Spain, which is set to be implemented for the benefit of INELFE. It should be noted that INELFE is a joint venture that is co-owned by Red Electrica, the Spanish grid operator, and Réseau de Transport d’Électricité (RTE), the French grid operator.

• In April 2023, Nexans finalized the purchase of Reka Kaapeli Oy, for a total of USD 57.29 million. The integration of Reka Cables into Nexans' Distribution & Usage business group was included in the acquisition. Being a part of Nexans presents Reka Cables with the chance to enhance its growth and development, while also enabling increased investments in renewable energy solutions.

Reasons to Acquire

• Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.

• Gain authentic and granular data access for the High-Voltage (HV) Cable Market to understand the trends and the factors involved in changing market situations.

• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.

• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.

Access Full Report: https://www.delvens.com/report/high-voltage-hv-cable-market

In addition to the market data for the High-Voltage (HV) Cable Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.

More Reports from Delvens:

The global Pressure Sensor Market size was estimated at USD 17.0 billion in 2023 and is projected to reach USD 29.2 billion in 2030 at a CAGR of 8.1% during the forecast period 2023-2030.

The global Inkjet Printers Market size was estimated at USD 97 billion in 2023 and is projected to reach USD 178.7 billion in 2030 at a CAGR of 9.12% during the forecast period 2023-2030.

The global Industrial Valves Market size was estimated at USD 81.2 billion in 2023 and is projected to reach USD 110.50 billion in 2030 at a CAGR of 4.5% during the forecast period 2023-2030.

About Us:

Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.

Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.

Contact us:

UNIT NO. 2126, TOWER B,

21ST FLOOR ALPHATHUM

SECTOR 90 NOIDA 201305, IN

+44-20-3290-6466

+1 214-377-1144

[email protected]