High Voltage Cables Market 2021 Analysis and Precise Outlook- ABB Ltd., Cable Corporation of India Limited, Finolex Cables Ltd, Nexans SA

The report presents an in-depth assessment of the High Voltage Cables Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for High Voltage Cables from 2021 till 2025. The report covers the pre COVID-19 historic data, impact of COVID-19 and post-COVID-19 (Corona Virus) impact on various regions and major countries and on the future development of the industry is pointed out.

The market for High voltage cables is expected to grow at a CAGR of more than 6.5% during the forecast period of 2020 - 2025.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global High Voltage Cables Market: ABB Ltd., Cable Corporation of India Limited, Finolex Cables Ltd, Nexans SA, NKT A.S., Prysmian SpA, Siemens AG, Southwire Company LLC, Tratos and others.

Market Overview:

The growing electricity generation and consumption, along with changing power generation industry dynamics are expected to drive the transmission and distribution network growth which, in turn, is expected to drives the high voltage cables market during the forecast period. Also, the renewable power plants are generally located in remote areas and hence are required to be connected to main grid, which requires new transmission infrastructure. Therefore, growth of renewable energy sector is expected to drive the market during forecast period. On the other hand, intricate project planning, delay in approval procedures, and funding constrictions are some of the factors hindering the global high voltage cable market. HVDC transmission segment is expected to be dominate the high voltage cables market as there are very few technical limits to the potential length of an HVDC cable compared to HVAC cable.

Regional Analysis For High Voltage Cables Market:

North America (The United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Market Key Trends:

HVDC Transmission Segment to Witness Significant Growth
- HVDC cables play an important role in a growing number of HVDC links. While the fixed costs of terminals at both ends of HVDC links are more expensive than AC, the cost per unit length of the line itself is lower. With all the other things being equal, the longer the distance of the link, the lower the relative cost of the link per unit of energy.
- Over a break-even distance (approximately 600-800 km for current technologies), HVDC becomes the lowest cost option. Also, there are no technical limits to the potential length of an HVDC cable.
- HDVC cable transmissions offer many technical advantages, such as lower losses, improved system stability, and enhanced reliability. Cable links longer than approximately 80 km usually require HVDC transmission. This is because for underground or submarine cables, hardly any electricity is delivered when AC lines are 80 km or longer (the cable capacities absorb the usable electricity; hence, DC cables are a beneficial alternative).
- HVDC cable systems are the most viable solution for the transfer of power between asynchronous networks that cross large water bodies, require longer transmission lines, and usually come in a hybrid configuration. These systems provide controllable bulk power transmission capacity without an increase in short circuit current levels.

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global High Voltage Cables Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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