The Global HVDC Cables Market was valued at US$ 2695.6 million in 2021 and is predictable to reach US$ 5971.3 million by 2030 which is projected to attain a CAGR of 9.2 % during the forecast period from 2021- 2030.


The rising demand for HVDC transmission systems is attributed to consumer surplus energy demand, rapid industrialization, and a global increase in renewable energy installation. In addition, the expansion of smart grid networks and investments in offshore wind turbines to meet rising energy demand are expected to boost the global HVDC cables market during the forecast period.

HVDC transmission systems deliver surplus power over a longer distance without any disruptions or losses, causing product demand to fluctuate. HVDC (High Voltage Direct Current) is a type of efficient long-distance transmission with higher power levels that connects several regions and even countries. This technology allows for a safe and stable connection to existing electricity grids. The power transmission efficiency over longer distances is one of the most significant advantages of HVDV. Because DC has minimal losses for large power transfers, it is a better option than AC for transmissions of more than 300 miles.

Request for Sample Copy of this Research Report:

HVDC Systems offers numerous advantages listed as follows:

  • In the transmission system, it provides better stability and very quick power control.
  • Power flow direction can be reversed (bi-directional).
  • Have huge availability and reliability rate.
  • Increase the amount of power carried for a given conductor size.
  • Power can be transmitted underground or overhead without being limited by distance.

HVDC cables are expected to grow in popularity due to their low maintenance and handling costs, high power transmission capacity, and lightweight characteristics. Due to the rising demand for continuous and reliable electricity in remote areas and changing power consumption patterns in industrial units and households, the Asia Pacific region is expected to grow at the fastest rate.

Transmission systems that run above ground are less expensive than those that run underground. Both systems, however, necessitate land, which cannot be used for any other purpose. During the forecast period, however, land acquisition and high installation costs are the major impediments to the expansion of HDVC cables.

Asia Pacific region is expected for the fastest growth owing to increasing demand for continuous & reliable electricity for the remote areas and changing power consumption patterns in industrial units & households. Economies like India and China are expected for the highest growth in the region owing to huge investments for renewable projects and the upgrading of the existing infrastructure. Japan is also accounted for the growth owing to a huge investment for cleaner energy and increasing numbers of submarine power cables projects in the region.

Nexans Group, LS Cable & System Ltd., Siemens, Hitachi, NR Electric, ZMS Cable, Toshiba Corporation, NKT A/S, Prysmian Group, ABB, General Electric, Mitsubishi Electric, C-Epri Electric Power Engineering, General Cable, and ZTT Gupta Power Infrastructure are among the prominent players inducing the Global HVDC Cables Market.

Request For Customized report: