(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Jan. 22, 2024 (GLOBE NEWSWIRE) -- The "Global HVDC Cables Market by Type (Extruded Cables, Mass Impregnated Cables), Application (Overhead Line, Submarine, Underground) - Forecast 2024-2030" report has been added to ResearchAndMarkets's offering. The global HVDC (High Voltage Direct Current) Cables Market is experiencing robust growth, driven by a marked increase in demand for energy-efficient power transmission solutions. A new market research report detailing this sector's evolution has been developed to aid stakeholders in identifying emerging opportunities and navigating market intricacies.
The HVDC Cables Market is projected to soar from USD 3.20 billion in 2023 to an impressive USD 6.03 billion by 2030, achieving a CAGR of 9.43% over the forecast period. This significant growth is attributed to technological advancements, increasing investments in renewable energy sources, and the need for long-distance power transmission solutions.
The FPNV Positioning Matrix in the report plays a vital role in the comprehensive evaluation of market vendors. It takes into account critical aspects of Business Strategy and Product Satisfaction to assist companies in making strategic decisions. The matrix effectively categorizes vendors into four noteworthy quadrants, offering clarity on companies' performance and strategic positioning.
Market Share Analysis is another essential section of the report, offering a detailed examination of vendors' standings. This analysis uncovers the dynamic competitive landscape, enabling companies to understand their market share and the challenges they may face against other key players.
The report also profiles key companies shaping the HVDC Cables Market landscape, including innovators and market leaders such as ABB Ltd, General Electric Company, and Siemens AG. These profiles offer insight into recent developments, strategies, and market impact.
Insightful Market Segmentation and Regional Analysis
The report segments the market by type, covering Extruded Cables and Mass Impregnated Cables, offering a granular view of technological advancements and preferences. An application-based segmentation highlights Overhead Line, Submarine, and Underground cables' roles, reflecting increasing industrial applications and infrastructure development. Comprehensive regional analysis provides in-depth insights across key areas such as the Americas, Asia-Pacific, and Europe, Middle East & Africa, with a special focus on high-growth markets such as the United States, China, and Germany.
Key highlights from the report address urgent industry questions such as:
Market size and forecast for strategic planning and investment. Trends in product segments, applications, and market penetration to harness growth opportunities. Technological innovations and regulatory frameworks affecting the market dynamics. Competitive intelligence on market share and strategic positioning of leading vendors.
The newly published research offers valuable insights into market penetration strategies, developments for market expansion, and diversification tactics for new products and geographies. It also provides a competitive assessment of intelligence crucial for market participants to understand their relative positioning and strategic options.
As the HVDC Cables Market continues its growth trajectory, this report becomes an indispensable tool for companies aiming to strengthen their market presence and capitalize on emerging trends in this ever-evolving sector.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 193 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value (USD) in 2024 | $3.5 Billion |
| Forecasted Market Value (USD) by 2030 | $6.03 Billion |
| Compound Annual Growth Rate | 9.4% |
| Regions Covered | Global |
Market Segmentation & Coverage
This research report categorizes the HVDC Cables Market to forecast the revenues and analyze trends in each of the following sub-markets:
Type
Extruded Cables Mass Impregnated Cables
Application
Overhead Line Submarine Underground
Companies Profiled
ABB Ltd Alfanar Group General Electric Company Hitachi Energy Ltd Iljin LS Cable & System Ltd Mitsubishi Electric Corporation Nexans NKT A/S Prysmian Group Siemens AG Sumitomo Electric Industries Taihan Cable & Solution Co., Ltd. Toshiba Corporation ZTT Gupta Power Infrastructure
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Attachment
Global HVDC Cables Market
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