Newark, May 13, 2024 (GLOBE NEWSWIRE) — As per the report published by The Brainy Insights, the global HVDC cables market is expected to grow from USD 14.11 Billion in 2023 to USD 20.96 Billion by 2033, at a CAGR of 3.83% during the forecast period 2023-2033.
The voltage segment is divided into High(35 to 475 KV), Extra High(475-600 KV) and Ultra High(Above 600KV). In 2023, the High(35 to 475 KV) segment dominated the market with the largest market share of 65.21% and market revenue of USD 9.20 Billion. It is attributed to the growing demand for long-distance power transmission and the surge in renewable energy projects.
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)
• Mitsubishi Corp
• Hitachi Ltd
• General Electric Company
• Siemens AG
• ABB Ltd
• Sumitomo Electric Industries Ltd
• LS Corp
• Prysmian SpA
• J-Power Group• Underground
• Overhead
• Mixed
• Extra High(475-600kv)
• Ultra High(Above 600kv)
• Medical
• Industrial
• Oil &Gas
• OthersHead of Business Development
Phone: +1-315-215-1633
Email: [email protected] 
Web: http://www.thebrainyinsights.com
(GlobeNewsWire)