Subsea HVDC Cable Market Set for Robust Expansion by 2025, Key Drivers, Innovations, and Competitive Landscape | NKT, Prysmian, Nexans, LS Cable&System, Sumitomo Electric

QY Research has recently published a report, titled "Subsea HVDC Cable Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031". The global Subsea HVDC Cable market is comprehensively analyzed in the report with the main objective of providing accurate market data and useful recommendations to help players to gain strong growth in future. The report is compiled by subject matter experts and experienced market analysts, which makes it highly authentic and reliable. Readers are provided with deep analysis of historical and future market scenarios to get sound understanding of market competition and other important aspects. The report offers exhaustive research on market dynamics, key segments, leading players, and different regional markets. It is a complete package of thorough analysis and research on the global Subsea HVDC Cable market.

The global market for Subsea HVDC Cable was estimated to be worth US$ 2090 million in 2024 and is forecast to a readjusted size of US$ 5851 million by 2031 with a CAGR of 14.8% during the forecast period 2025-2031.

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Subsea HVDC Cable is a high-voltage direct current cable system designed for submarine power transmission. Its core function is to achieve long-distance, large-capacity, low-loss submarine power transmission through direct current technology. It is especially suitable for connecting power grids in different countries or regions, offshore wind farm grid connection and cross-sea energy transmission. The system is composed of key components such as high-voltage direct current cable body, submarine connector, terminal station, etc. It uses the characteristics of direct current without inductive reactance, capacitive reactance and synchronization problems to effectively reduce long-distance transmission losses. At the same time, its insulation and sheath materials need to have high strength, corrosion resistance and water pressure resistance to adapt to the complex submarine environment. Compared with AC cables, submarine HVDC cables have significant advantages in transmission efficiency, capacity and stability, and have become one of the core technologies for modern marine energy development and cross-border power grid interconnection.

The surge in green energy projects, such as offshore wind and solar power, requires submarine cables for long-distance power transmission. The increase in global renewable energy investment is directly driving demand for submarine high-voltage direct current (HVDC) cables. With the rise in cross-border grid interconnection projects, submarine cables have become critical infrastructure for regional energy sharing. Power grid modernization in developed countries is driving the upgrading of high-voltage and ultra-high-voltage cable technology.

With the trend toward larger wind turbines, cable voltage levels are continuously increasing. The voltage level of array submarine cables has been upgraded from 35kV to 66kV. With the expansion of offshore wind farms, the voltage level of outgoing submarine cables has increased from 220kV to 330/500kV. Flexible direct current (HVDC) technology is more suitable for long-distance power transmission, and several offshore wind power projects around the world are already utilizing this technology.

Drivers and Restraints-

The report explains the drivers shaping the future of the Subsea HVDC Cable market. It evaluates the various forces that are expected to create a positive influence on the overall market. Analysts have studied the investments in research and development of products and technologies that are expected to give the players a definite boost. Furthermore, researchers have also included an analysis of the changing consumer behavior that is projected to impact the supply and demand cycles present in the global Subsea HVDC Cable market. Evolving per capita earnings, improving economic statuses, and emerging trends have all been studied in this research report.

The research report also explains the potential restraints present in the global Subsea HVDC Cable market. It evaluates the aspects that are likely to hamper the market growth in the near future. In addition to this assessment, it also provides a list of opportunities that could prove lucrative to the overall market. Analysts provide solutions for turning threats and restraints into successful opportunities in the coming years.

The competitive landscape of the global Subsea HVDC Cable market is broadly studied in the report with large focus on recent developments, future plans of top players, and key growth strategies adopted by them. The analysts authoring the report have profiled almost every major player of the global Subsea HVDC Cable market and thrown light on their crucial business aspects such as production, areas of operation, and product portfolio. All companies analyzed in the report are studied on the basis of vital factors such as market share, market growth, company size, production volume, revenue, and earnings.

Key Players Mentioned in the Global Subsea HVDC Cable Market Research Report:

NKT
Prysmian
Nexans
LS Cable&System
Sumitomo Electric
ZTT Group
Ningbo Orient Wires and Cables

The report offers great insights into important segments of the global Subsea HVDC Cable market while concentrating on their CAGR, market size, market share, and future growth potential. The global Subsea HVDC Cable market is mainly segmented according to type of product, application, and region. Each segment in these categories is extensively researched to become familiar with their growth prospects and key trends. Segmental analysis is highly important to identify key growth pockets of a global market. The report provides specific information on the market growth and demand of different products and applications to help players to focus on profitable areas of the global Subsea HVDC Cable market.

Details of Subsea HVDC Cable Market Segmentation: -

Segment by Type:

Crosslinked Polyethylene (XlPE) Cable
Mass Impregnated (MI) Insulation Cable

Segment by Application:

Offshore Wind Power
Marine Facility Power Supply
Others

Research Methodology

This report has been compiled using latest primary and secondary research methodologies such as data triangulation, qualitative and quantitative analysis, and top-down and bottom-up approaches. The researchers also referred to reliable secondary sources for collecting important data and statistics. All the findings of the research study have been verified and revalidated with the help of authentic primary sources.

The researchers create a unique model and customize it for each research study. Their market forecasts are based on the industry-best combination of domain expertise, industry knowledge and experience, technological analysis, and economic tools. Technological market models are generally adopted for long-term market forecasting, whereas econometric models are adopted for short-term forecasting. The researchers were provided with advanced analysis tools at the time of the preparation of the report.

Report Objectives

(1) To carefully analyze and estimate the size of the global Subsea HVDC Cable market

(2) To clearly segment the global Subsea HVDC Cable market and estimate the market size of the segments

(3) To provide details about key strategies adopted by leading players of the global Subsea HVDC Cable market

(4) To help readers understand current and future market scenarios

(5) To provide information about latest trends of the global Subsea HVDC Cable market and its key segments

(6) To assess the contribution of each region or country to the global Subsea HVDC Cable market

(7) To provide information on important drivers, restraints, and opportunities of the global Subsea HVDC Cable market

(8) To accurately calculate the market shares of key segments, regions, and companies in the global Subsea HVDC Cable market

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Table of Content

1 Market Overview
1.1 Subsea HVDC Cable Product Introduction
1.2 Global Subsea HVDC Cable Market Size Forecast
1.2.1 Global Subsea HVDC Cable Sales Value (2020-2031)
1.2.2 Global Subsea HVDC Cable Sales Volume (2020-2031)
1.2.3 Global Subsea HVDC Cable Sales Price (2020-2031)
1.3 Subsea HVDC Cable Market Trends & Drivers
1.3.1 Subsea HVDC Cable Industry Trends
1.3.2 Subsea HVDC Cable Market Drivers & Opportunity
1.3.3 Subsea HVDC Cable Market Challenges
1.3.4 Subsea HVDC Cable Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered

2 Competitive Analysis by Company
2.1 Global Subsea HVDC Cable Players Revenue Ranking (2024)
2.2 Global Subsea HVDC Cable Revenue by Company (2020-2025)
2.3 Global Subsea HVDC Cable Players Sales Volume Ranking (2024)
2.4 Global Subsea HVDC Cable Sales Volume by Company Players (2020-2025)
2.5 Global Subsea HVDC Cable Average Price by Company (2020-2025)
2.6 Key Manufacturers Subsea HVDC Cable Manufacturing Base and Headquarters
2.7 Key Manufacturers Subsea HVDC Cable Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Subsea HVDC Cable
2.9 Subsea HVDC Cable Market Competitive Analysis
2.9.1 Subsea HVDC Cable Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Subsea HVDC Cable Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Subsea HVDC Cable as of 2024)
2.10 Mergers & Acquisitions, Expansion

3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Crosslinked Polyethylene (XlPE) Cable
3.1.2 Mass Impregnated (MI) Insulation Cable
3.2 Global Subsea HVDC Cable Sales Value by Type
3.2.1 Global Subsea HVDC Cable Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Subsea HVDC Cable Sales Value, by Type (2020-2031)
3.2.3 Global Subsea HVDC Cable Sales Value, by Type (%) (2020-2031)
3.3 Global Subsea HVDC Cable Sales Volume by Type
3.3.1 Global Subsea HVDC Cable Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Subsea HVDC Cable Sales Volume, by Type (2020-2031)
3.3.3 Global Subsea HVDC Cable Sales Volume, by Type (%) (2020-2031)
3.4 Global Subsea HVDC Cable Average Price by Type (2020-2031)

4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Offshore Wind Power
4.1.2 Marine Facility Power Supply
4.1.3 Others
4.2 Global Subsea HVDC Cable Sales Value by Application
4.2.1 Global Subsea HVDC Cable Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Subsea HVDC Cable Sales Value, by Application (2020-2031)
4.2.3 Global Subsea HVDC Cable Sales Value, by Application (%) (2020-2031)
4.3 Global Subsea HVDC Cable Sales Volume by Application
4.3.1 Global Subsea HVDC Cable Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Subsea HVDC Cable Sales Volume, by Application (2020-2031)
4.3.3 Global Subsea HVDC Cable Sales Volume, by Application (%) (2020-2031)
4.4 Global Subsea HVDC Cable Average Price by Application (2020-2031)

5 Segmentation by Region
5.1 Global Subsea HVDC Cable Sales Value by Region
5.1.1 Global Subsea HVDC Cable Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Subsea HVDC Cable Sales Value by Region (2020-2025)
5.1.3 Global Subsea HVDC Cable Sales Value by Region (2026-2031)
5.1.4 Global Subsea HVDC Cable Sales Value by Region (%), (2020-2031)
5.2 Global Subsea HVDC Cable Sales Volume by Region
5.2.1 Global Subsea HVDC Cable Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Subsea HVDC Cable Sales Volume by Region (2020-2025)
5.2.3 Global Subsea HVDC Cable Sales Volume by Region (2026-2031)
5.2.4 Global Subsea HVDC Cable Sales Volume by Region (%), (2020-2031)
5.3 Global Subsea HVDC Cable Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Subsea HVDC Cable Sales Value, 2020-2031
5.4.2 North America Subsea HVDC Cable Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Subsea HVDC Cable Sales Value, 2020-2031
5.5.2 Europe Subsea HVDC Cable Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Subsea HVDC Cable Sales Value, 2020-2031
5.6.2 Asia Pacific Subsea HVDC Cable Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Subsea HVDC Cable Sales Value, 2020-2031
5.7.2 South America Subsea HVDC Cable Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Subsea HVDC Cable Sales Value, 2020-2031
5.8.2 Middle East & Africa Subsea HVDC Cable Sales Value by Country (%), 2024 VS 2031

6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Subsea HVDC Cable Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Subsea HVDC Cable Sales Value and Sales Volume
6.2.1 Key Countries/Regions Subsea HVDC Cable Sales Value, 2020-2031
6.2.2 Key Countries/Regions Subsea HVDC Cable Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Subsea HVDC Cable Sales Value, 2020-2031
6.3.2 United States Subsea HVDC Cable Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Subsea HVDC Cable Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Subsea HVDC Cable Sales Value, 2020-2031
6.4.2 Europe Subsea HVDC Cable Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Subsea HVDC Cable Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Subsea HVDC Cable Sales Value, 2020-2031
6.5.2 China Subsea HVDC Cable Sales Value by Type (%), 2024 VS 2031
6.5.3 China Subsea HVDC Cable Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Subsea HVDC Cable Sales Value, 2020-2031
6.6.2 Japan Subsea HVDC Cable Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Subsea HVDC Cable Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Subsea HVDC Cable Sales Value, 2020-2031
6.7.2 South Korea Subsea HVDC Cable Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Subsea HVDC Cable Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Subsea HVDC Cable Sales Value, 2020-2031
6.8.2 Southeast Asia Subsea HVDC Cable Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Subsea HVDC Cable Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Subsea HVDC Cable Sales Value, 2020-2031
6.9.2 India Subsea HVDC Cable Sales Value by Type (%), 2024 VS 2031
6.9.3 India Subsea HVDC Cable Sales Value by Application, 2024 VS 2031

7 Company Profiles
7.1 NKT
7.1.1 NKT Company Information
7.1.2 NKT Introduction and Business Overview
7.1.3 NKT Subsea HVDC Cable Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 NKT Subsea HVDC Cable Product Offerings
7.1.5 NKT Recent Development
7.2 Prysmian
7.2.1 Prysmian Company Information
7.2.2 Prysmian Introduction and Business Overview
7.2.3 Prysmian Subsea HVDC Cable Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Prysmian Subsea HVDC Cable Product Offerings
7.2.5 Prysmian Recent Development
7.3 Nexans
7.3.1 Nexans Company Information
7.3.2 Nexans Introduction and Business Overview
7.3.3 Nexans Subsea HVDC Cable Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Nexans Subsea HVDC Cable Product Offerings
7.3.5 Nexans Recent Development
7.4 LS Cable&System
7.4.1 LS Cable&System Company Information
7.4.2 LS Cable&System Introduction and Business Overview
7.4.3 LS Cable&System Subsea HVDC Cable Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 LS Cable&System Subsea HVDC Cable Product Offerings
7.4.5 LS Cable&System Recent Development
7.5 Sumitomo Electric
7.5.1 Sumitomo Electric Company Information
7.5.2 Sumitomo Electric Introduction and Business Overview
7.5.3 Sumitomo Electric Subsea HVDC Cable Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Sumitomo Electric Subsea HVDC Cable Product Offerings
7.5.5 Sumitomo Electric Recent Development
7.6 ZTT Group
7.6.1 ZTT Group Company Information
7.6.2 ZTT Group Introduction and Business Overview
7.6.3 ZTT Group Subsea HVDC Cable Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 ZTT Group Subsea HVDC Cable Product Offerings
7.6.5 ZTT Group Recent Development
7.7 Ningbo Orient Wires and Cables
7.7.1 Ningbo Orient Wires and Cables Company Information
7.7.2 Ningbo Orient Wires and Cables Introduction and Business Overview
7.7.3 Ningbo Orient Wires and Cables Subsea HVDC Cable Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Ningbo Orient Wires and Cables Subsea HVDC Cable Product Offerings
7.7.5 Ningbo Orient Wires and Cables Recent Development

8 Industry Chain Analysis
8.1 Subsea HVDC Cable Industrial Chain
8.2 Subsea HVDC Cable Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Subsea HVDC Cable Sales Model
8.5.2 Sales Channel
8.5.3 Subsea HVDC Cable Distributors

9 Research Findings and Conclusion

10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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