According to a market report by Lucintel, the future of the global subsea HVDC cable market looks promising with opportunities in the offshore wind power and marine facility power supply markets. The global subsea HVDC cable market is expected to grow with a CAGR of 14.8% from 2025 to 2031. The major drivers for this market are the increasing demand for renewable energy integration, the rising need for efficient power transmission, and the growing investments in offshore wind energy.
A more
than 150-page report to understand trends, opportunity and forecast in global subsea
HVDC cable market to 2031 by type (crosslinked polyethylene cable and mass
impregnated insulation cable), application (offshore wind power, marine
facility power supply, and others), and region (North America, Europe, Asia
Pacific, and the Rest of the World).
Lucintel
forecasts that, within the type category, crosslinked polyethylene cable is
expected to witness higher growth over the forecast period.
Within the
application category, offshore wind power is expected to witness higher growth.
Download
sample by clicking on subsea HVDC cable
market.
In terms
of region, APAC is expected to witness the highest growth over the forecast period.
NKT,
Prysmian, Nexans, LS Cable＆System,
Sumitomo Electric, ZTT Group, Ningbo Orient Wires and Cables are the major
suppliers in the subsea HVDC
cable market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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