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HVDC Cables Market: Technological Advancement & Growth Analysis with Forecast to 2025

Author : Rahul Sankrityayan | Published Date : 2019-07-01 

Global Market Insights added a new report on global HVDC Cables Market to its research database. The report focuses on global major leading players with information such as company profiles, growth, product segment, technology segment, end user segment and region.

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.

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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.

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.

 

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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