The worldwide market for high voltage direct current cable is expected to grow at a CAGR of roughly 7.6% over the next five years, and will reach $1.96 B in 2024, from $1.27 B in 2019, according to a new Global Info Research study.
Europe occupied 90.48% of the production market in 2015. Other countries have a small amount of production. Geographically, China was the largest consumption market in the world, which took about 42.41% of the global consumption volume in 2015. Europe shared 39.40% of the total.
This report focuses on the HVDC cable in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa, India, China, USA, UK, and Japan.
Key players in this HVDC cable market are: ABB, Nexans, NKT, Prysman, General Cable and LS Cable.
Source: Micro Finance Post