GLOBAL HIGH- VOLTAGE POWER CABLE MARKET 

Increasing investments in renewable energy projects

Increasing investments in renewable energy projects

Fossil fuels are one of the major contributors to emissions globally, and as of 2015, more than two- thirds of electricity generated worldwide was from fossil fuels. This has shifted the focus on cleaner fuel sources such as nuclear and renewables.

GROWTH ATTRIBUTED TO INCREASE IN SALES OF HVDC POWER CABLES

Underground HVDC power cables are considered viable alternatives for the transmission of high-voltage power over long distances. HVDC power systems are economically viable for long- distance bulk power delivery. 

The global high-voltage power cable market will grow at a CAGR of more than 7% by 2022.

Growth Figures

0%

2%

4%

6%

8%

2018 2020 2022

APAC WILL CHARGE AHEAD THROUGH 2018

of the market is held by APAC.

59%

Global high- voltage power cable market is expected to grow to $58.86 bn by 2022

Will APAC continue to lead past 2018?

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market-analysis-share-2018

DEVELOPMENT OF SMART GRIDS

“Smart grids bring convergence of analog or digital information and computer-based remote control and automation to electricity networks. Smart grid systems are being increasingly deployed in many countries.”

  - Technavio Senior Analyst

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TOP VENDORS LEADING THE MARKET

Belden

Top contributors

Encore Wire

Nexans

NKT

Prysmian Group

Sumitomo Electric Industries

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market-analysis-share-2018

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