HVDC Cables Market Increasing Demand, Growth Analysis and Future Outlook by 2031

The global HVDC cables market is anticipated to grow at a CAGR of 7.0% during the forecast period (2025-2031). 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.

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The global HVDC cables market is segmented based on voltage, installation, and application. Based on the voltage, the market is segmented into high {35 kV to 475 kV}, extra high {> 475 kV to 600 kV}, and ultra-high {> 600 kV}. Based on the installation, the market is segmented into overhead, submarine, and underground. Based on application the market is segmented into Intra-regional and cross-border. Based on the voltage, the extra-high HVDC cables are anticipated to grow at the fastest rate during the forecast period owing to the ongoing installation of the long route transmission lines to meet the rising electricity demand. In addition, the ongoing advancements to deploy energy-efficient power lines will drive the product demand. The above-mentioned segments can be customized as per the requirements. According to the World Green Building Council, around 4.3 billion people live in the Asia-Pacific region, out of which 2 billion lives in urban areas, and it is also anticipated that this will increase to 3.3 billion by 2050. This shows the need for increasing electricity demand and for energy-efficient power lines which will boost the demand for extra-high HVDC cables during the forecast period. Additionally, according to International Energy Agency (IEA), after falling by about 1% in 2020 due to the impacts of the COVID-19 pandemic, the global electricity demand increased close to 5% in 2021 and will increase around 4% in 2022.

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  • Market Coverage

  • Market number available for – 2025-2031

  • Base year- 2025

  • Forecast period- 2025-2031

  • Segment Covered- By Source, By Product Type, By Applications

  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others


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


By Application

  • Intra-Regional

  • Cross Border


Global HVDC Cables Market Report by Region

North America

  • United States

  • copyright


Europe

  • UK

  • Germany

  • Italy

  • Spain

  • France

  • Rest of Europe


Asia-Pacific

  • China

  • India

  • Japan

  • South Korea

  • Rest of Asia-Pacific


Rest of the World

  • Latin America

  • Middle East & Africa


The Report Covers

  • Market value data analysis of 2021 and forecast to 2028.

  • Annualized market revenues ($ million) for each market segment.

  • Country-wise analysis of major geographical regions.

  • Key companies operating in the global HVDC cables market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

  • Analysis of market entry and market expansion strategies.

  • Competitive strategies by identifying ‘who-stands-where’ in the market.


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