Press release
Global HVDC Cables Market Set to Grow from USD 11.27 Billion to USD 17.05 Billion by 2032 at a CAGR of 5.31% - HVDC Cables Forecast Offers Insight
HVDC Cables Market
According to a new report by Maximize Market Research, the global HVDC Cables Market was valued at USD 11.27 Billion in 2024 and is projected to reach USD 17.05 Billion by 2032, with a compound annual growth rate (CAGR) of 5.31% between 2025 and 2032.
Curious to peek inside? Grab your sample copy of this report now:https://www.maximizemarketresearch.com/request-sample/30626/
Key Highlights
Market Size & CAGR: USD 11.27 Billion in 2024, projected to reach USD 17.05 Billion by 2032, at a CAGR of 5.31% .
Leading Application Segment: Submarine application accounted for the largest share (51.3%) in 2024 .
Largest Regional Market: Asia Pacific held the largest regional share at 38.3% in 2024 .
Key Growth Drivers:
Rising demand for UHVDC and polymer-insulated (XLPE) cables.
Increased offshore wind farm investments and island interconnections.
Significant initiatives like the BRITIB undersea project and China's 3,200 km HVDC network .
Notable Projects & Trends:
U.S. expected to invest over USD 70 billion in subsea wind energy by 2032.
Large-scale link projects such as Icelink (UK-Iceland), EuroAfrica Interconnector (Egypt-Cyprus-Greece), and Germany's North Sea DolWin5 project .
Eager to discover what's within? Secure your sample copy of the report today:https://www.maximizemarketresearch.com/request-sample/30626/
Body Content
Market Outlook
The Global HVDC Cables Market, valued at USD 11.27 billion in 2024, is anticipated to grow at a CAGR of 5.31% to reach USD 17.05 billion by 2032. Growth is chiefly propelled by deployment of submarine HVDC solutions, especially for offshore energy projects. UHVDC technologies and XLPE-insulated cables are gaining adoption due to their efficient routing and compact design .
Application Insights
The submarine segment dominates with 51.3% of market share in 2024. Overhead and underground installations also contribute but trail behind, with submarine use bolstered by long-distance transmission and intercontinental power links.
Regional Insights
Asia Pacific leads with 38.3% market share in 2024, fueled by electrification efforts and rural power expansion in China, India, and Japan . Europe is also a significant growth region, with major investments in offshore wind and cross-border projects like DolWin5, Icelink, and EuroAfrica Interconnector driving expansion.
Intrigued to explore the contents? Secure your hands-on sample copy of the report:https://www.maximizemarketresearch.com/request-sample/30626/
Key Drivers & Trends
Investment in renewable infrastructure, particularly offshore wind energy, and government-backed modernization programs are primary catalysts. The expansion of island and continent-spanning interconnections underpins demand for long-distance, high-efficiency HVDC transmission systems .
Key Players & Competitive Landscape
While the summary does not list individual companies, the report states that it includes competitive analysis of market leaders, followers, and new entrants, analyzing their regional presence, financials, and strategies.
1. Sumitomo Electric Industries, Ltd
2. Prysmian Group
3. Nexans
4. General Electric (GE)
5. Hitachi Energy
6. Siemens Energy
7. Mitsubishi Electric
8. Eaton Corporation
9. NKT A/S
10. LS Cable & System
For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/global-hvdc-cables-market/30626/
► Get Market Research Latest Trends :
♦ India Steam Boiler Systems Market https://www.maximizemarketresearch.com/market-report/india-steam-boiler-systems-market/46997/
♦ Lithium Ion Battery Market https://www.maximizemarketresearch.com/market-report/global-lithium-ion-battery-market/18858/
♦ Variable Frequency Drive Market https://www.maximizemarketresearch.com/market-report/variable-frequency-drive-market/11653/
♦ Global OCTG Market https://www.maximizemarketresearch.com/market-report/global-octg-market/54208/
♦ Carbon Credit Market https://www.maximizemarketresearch.com/market-report/carbon-credit-market/198127/
► About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
► Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global HVDC Cables Market Set to Grow from USD 11.27 Billion to USD 17.05 Billion by 2032 at a CAGR of 5.31% - HVDC Cables Forecast Offers Insight here
News-ID: 4163414 • Views: …
More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.
Ready-to-Drink Beverages Market Size to Reach USD 1,227.81 Billion by 2032
Ready-to-Drink Beverages Market is poised for substantial growth over the forecast period, driven by changing consumer lifestyles, rising disposable income, expanding urbanization, and increasing demand for convenient beverage solutions. According to recent industry analysis, the global Ready-to-Drink Beverages Market was valued at USD 766.69 Billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 6.22% from 2025 to 2032, reaching nearly USD 1,227.81 Billion…
Second hand Product Market Set to Surpass USD 1451.34 Billion by 2032, Expanding …
Second hand Product Market was valued at USD 594.45 Billion in 2025 and is projected to grow at a robust CAGR of 13.6% from 2025 to 2032, reaching nearly USD 1451.34 Billion by 2032. The rapid expansion of resale ecosystems, increasing consumer preference for cost-effective purchasing, and rising sustainability awareness are significantly driving the growth of the Second hand Product Market globally.
Market Overview
The Second hand Product Market is undergoing a…
Tungsten Market to Reach USD 10.99 Billion by 2032, Driven by Expanding Aerospac …
The Global Tungsten Market is poised for significant expansion over the coming years, with the market size valued at USD 6.41 Billion in 2025 and projected to grow at a CAGR of 8% from 2025 to 2032, reaching nearly USD 10.99 Billion by 2032. Rising industrial demand, technological advancements in material science, and increasing applications in high-performance sectors are collectively driving this steady growth trajectory.
Tungsten, recognized for its exceptional hardness,…
System-on-Chip (SoC) Market to Reach USD 391.61 Billion by 2032, Driven by 5G, A …
The global System-on-Chip (SoC) Market is poised for significant growth over the forecast period, reflecting the rapid evolution of semiconductor technologies and increasing demand for high-performance, energy-efficient electronic devices. Valued at USD 228.06 Billion in 2025, the market is projected to grow at a CAGR of 8.03% from 2025 to 2032, reaching nearly USD 391.61 Billion by 2032.
♦ Request a Free Sample Copy or View Report Summary:https://www.maximizemarketresearch.com/request-sample/33954/
System-on-Chip (SoC) Market Overview
A…
More Releases for HVDC
HVDC Capacitors Market Surges With Global Demand For Electricity: A Leading Driv …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
What Will the HVDC Capacitor Industry Market Size Be by 2025?
In recent times, the HVDC capacitor market has witnessed significant expansion. The market, which was worth $5.46 billion in 2024, is projected to rise to $6.27 billion in 2025, translating to a compound annual growth rate (CAGR) of 14.8%. This growth in the…
Top 10 HVDC Transmission Companies Analysis (2025)
HVDC Transmission Market study by "The Insight Partners" provides details about the market dynamics affecting the HVDC Transmission Market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years. The report segments the global HVDC Transmission Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of…
HVDC Transmission Market Opportunity | Size | Research Report
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- HVDC Transmission Market was valued at USD 7.93 Billion in 2019 and is projected to reach USD 13.34 Billion by 2027, growing at a CAGR of 7.25% from 2020 to 2027.
HVDC Transmission Market Growth Driver
The HVDC (High Voltage Direct Current) transmission market is experiencing significant growth, primarily driven by the increasing demand for efficient and reliable power transmission over long distances. HVDC technology offers numerous advantages…
HVDC Valves Market Size 2024 to 2031.
Market Overview and Report Coverage
The HVDC (High Voltage Direct Current) Valves Market refers to the market for components that are essential for converting alternating current (AC) to direct current (DC) in high voltage transmission systems. These valves play a crucial role in facilitating the efficient transmission of electricity over long distances with minimal losses.
The future outlook for the HVDC Valves Market is quite promising, with a projected growth…
HVDC Capacitor Market
Overview
The HVDC Capacitor Market, with a promising CAGR, employs capacitors for efficient high-voltage direct current power transmission. Government initiatives, demand for HVDC in power transmission, and North America's increasing adoption drive market dynamics.
Market Dynamics
Government initiatives for HVDC systems and escalating demand for HVDC capacitors propel market growth. However, challenges like high costs and low voltage impede progress, emphasizing the need for innovation in this dynamic market.
Download Sample:https://www.datamintelligence.com/download-sample/hvdc-capacitor-market
Rising Demand for HVDC…
HVDC Transmission System Market 2022 | Detailed Report
The market report delivers an all-inclusive analysis of the market structure along with a forecast of the various segments and sub-segments of the HVDC Transmission System industry. This wide-ranging market research report acts as a backbone for the success of business in any niche. The HVDC Transmission System market survey report has been prepared by conducting market research in a systematic manner. Moreover, the HVDC Transmission System report includes a…
