HVDC Cables Market

1. HVDC Cables Market Sluggish Growth Rate Foreseen by 2023-2029 The global HVDC cables market is anticipated to grow at a CAGR of 7.0% during the forecast period (2022-2028). Increasing demand for superconducting cables coupled with benefits such as lightweight, high-power transmission capacity, and low maintenance is supporting the demand for HVDC cables. Superconducting power cables have gained potential interest owing to their high effectiveness, compact size, and reduced environmental footprint. These advantages are becoming increasingly important as grid operators across the globe seek to upgrade and expand their networks to accommodate the transition to renewable energy. HVDC links provides operators with more ways, to boost stability and increase the grid’s power quality, efficiency, and security of supply. An HVDC superconducting cable system is designed to operate at high voltage with a range of possible currents exceeding 3 kA. Below this current level, conventional resistive cable technology is more able to meet grid requirements To Request a Sample of our Report on HVDC Cables Market https://www.omrglobal.com/request-sample/hvdc-cables-market For instance, Prysmian S.p.A.’s ±525 kV HVDC underground cable is a cable system designed with large conductor cross-sections for high transmittable power over long distances, it uses less space by reducing the amount of cable to transmit the power. In addition, Siemens AG and Sumitomo Electric Industries, Ltd. commissioned the first VSC HVDC link to improve power quality in India, this joint venture of Siemens Energy and Sumitomo Electric has completed connecting India’s first high-voltage direct current (HVDC) link featuring voltage-sourced converter (VSC) and DC-XLPE cable technology. In February 2021, the PM of India Mr. Narendra Modi officially inaugurated the link, which is a ±320 kilovolt (kV) HVDC system that connects Pugalur in Tamil Nadu to Thrissur in Kerala. Also, In April 2019, Dutch TSO announced its plans to provide cables for IJmuiden offshore wind project, this would be the world’s first 2 GW direct current offshore wind link. These factors significantly contribute to the growth of the global HVDC cables market. A full Report of HVDC Cables Market https://www.omrglobal.com/industry-reports/hvdc-cables-market Market Coverage    The market number available for – 2021-2028 Base year- 2021 Forecast period- 2022-2028 Segment Covered-    By Voltage By Installation By Application Regions Covered-      North America Europe Asia-Pacific Rest of the World Competitive Landscape- Siemens AG, Hitachi, Ltd., Toshiba Corp., Mitsubishi Electric Corp., and General Electric Co. Key questions addressed by the report          What is the market growth rate? Which segment and region dominate the market in the base year? Which segment and region will project the fastest growth in the market? How COVID-19 impacted the market? Deviation from the pre-COVID-19 forecast Most affected region and segment Who is the leader in the market? How players are addressing challenges to sustain growth? Where is the investment opportunity? Global HVDC Cables Market Report by Segment By Voltage    High {35 kV to 475 kV} Extra High {> 475 kV to 600 kV} Ultra-High {> 600 kV} By Installation    Overhead Submarine Underground

2. By Application   Intra-Regional Cross Border For More Customized Data, Request for Report Customization https://www.omrglobal.com/report-customization/hvdc-cables-market About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. Media Contact Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404