High Voltage AC Onshore Cables Market to See Major Growth by 2030: NKT, Nexans, Siemens

The latest study released on the Global High Voltage AC Onshore Cables Market by HTF MI evaluates market size, trend, and forecast to 2029. The High Voltage AC Onshore Cables market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts, and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities, and upcoming challenges and about the competitors.

Key Players in This Report Include: NKT (Denmark), Prysmian (Italy), Sumitomo Electric Industries (Japan), Furukawa Electric (Japan), Nexans (France), LS Cable & System (South Korea), ABB (Switzerland), General Cable (United States), Siemens (Germany), Acome (France).

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Definition:
High Voltage AC (Alternating Current) Onshore Cables refer to electrical cables designed to transmit electric power at high voltage levels over land or onshore locations. These cables are a critical component of power transmission systems, enabling the efficient and long-distance transportation of electricity from power generation sources, such as power plants or renewable energy installations, to distribution networks and end-users.

Market Trends:
With the increasing focus on renewable energy sources such as wind and solar, there is a growing demand for high-voltage onshore cables to transmit power from remote renewable energy installations to population centers. This trend is driven by the need to connect renewable energy projects to the existing grid infrastructure.

Market Drivers:
The increasing deployment of renewable energy projects, such as wind and solar farms, drives the demand for High Voltage AC Onshore Cables. These cables are essential for transmitting the power generated from remote renewable energy installations to population centers.

Market Opportunities:
The ongoing global shift towards renewable energy sources creates significant opportunities for High Voltage AC Onshore Cables. As the deployment of wind, solar, and other renewable projects continues, the demand for efficient and reliable transmission infrastructure to connect these installations to the grid presents a substantial market opportunity.

Market Leaders & Development Strategies:
Prysmian secured a contract valued at $900 million on July 21, 2021, to deliver high-voltage direct current (HVDC) cable systems for an underground transmission initiative in the United States. This agreement entails the supply of 525kV HVDC cables by Prysmian, aimed at enabling the efficient transmission of renewable energy to serve over 1.2 million homes.

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The Global High Voltage AC Onshore Cables Market segments and Market Data Break Down are illuminated below:
High Voltage AC Onshore Cables Market is Segmented by Application (Power Transmission, Power Distribution, Industrial Applications, Infrastructure Projects) by Voltage Level (72.5 kV-123 kV, 124kV-170 kV, 171kV-245 kV, above 246 kV) and by Geography (North America, South America, Europe, Asia Pacific, MEA)

Global High Voltage AC Onshore Cables market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.

Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

Objectives of the Report
• -To carefully analyze and forecast the size of the High Voltage AC Onshore Cables market by value and volume.
• -To estimate the market shares of major segments of the High Voltage AC Onshore Cables
• -To showcase the development of the High Voltage AC Onshore Cables market in different parts of the world.
• -To analyze and study micro-markets in terms of their contributions to the High Voltage AC Onshore Cables market, their prospects, and individual growth trends.
• -To offer precise and useful details about factors affecting the growth of the High Voltage AC Onshore Cables
• -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the High Voltage AC Onshore Cables market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

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Major highlights from Table of Contents:
High Voltage AC Onshore Cables Market Study Coverage:
• It includes major manufacturers, emerging player's growth story, and major business segments of High Voltage AC Onshore Cables market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
• High Voltage AC Onshore Cables Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
• High Voltage AC Onshore Cables Market Production by Region High Voltage AC Onshore Cables Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.

Key Points Covered in High Voltage AC Onshore Cables Market Report:
• High Voltage AC Onshore Cables Overview, Definition and Classification Market drivers and barriers
• High Voltage AC Onshore Cables Market Competition by Manufacturers
• Impact Analysis of COVID-19 on High Voltage AC Onshore Cables Market
• High Voltage AC Onshore Cables Capacity, Production, Revenue (Value) by Region (2023-2030)
• High Voltage AC Onshore Cables Supply (Production), Consumption, Export, Import by Region (2023-2030)
• High Voltage AC Onshore Cables Production, Revenue (Value), Price Trend by Type {72.5 kV-123 kV, 124kV-170 kV, 171kV-245 kV, above 246 kV}
• High Voltage AC Onshore Cables Manufacturers Profiles/Analysis High Voltage AC Onshore Cables Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
• Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.

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Key questions answered
• How feasible is High Voltage AC Onshore Cables market for long-term investment?
• What are influencing factors driving the demand for High Voltage AC Onshore Cables near future?
• What is the impact analysis of various factors in the Global High Voltage AC Onshore Cables market growth?
• What are the recent trends in the regional market and how successful they are?

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.

Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +1 434 322 0091
sales@htfmarketintelligence.com

About Author:
HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to enable businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.

This release was published on openPR.