Global HVDC Cables Market Estimated to Reach US$ 2.4 Bn by 2026


The global HVDC cables market was valued at around US$ 1.4 Bn in 2017 and is anticipated to expand at a CAGR of more than 6.0% from 2018 to 2026, according to a new report by Transparency Market Research (TMR) titled ‘HVDC Cables Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’ HVDC cables transmit high voltage direct current over long distances, as they are more efficient than the HVAC technology. This study divides high voltage into three segments: high voltage (35 kV to 475kV), extra high voltage (476 kV to 800 kV),and ultra-high voltage (above 800 kV).


Power Transmission, Renewable Energy, and Oil & Gas Industry to Drive Market

In terms of power transmission, majority of HVDC transmission lines in Europe transport electricity from one country to another. In China, most of HVDC transmission lines transport electricity from the eastern part to the western part of the country. Several such lines can also be found in the U.S., Canada, Germany, and India. Europe is planning to install HVDC transmission lines from a few southern countries such as Cyprus to countries in North Africa such as Egypt. HVDC cables are also used to provide electricity to oil & gas infrastructure such as FPSOs and other platforms located offshore, as oil & gas is a large industry. Similarly, connecting renewable power plants, especially wind power and solar power plants, located offshore to the main grid is another important function of HVDC cables.

Problems Related to Acquisition of Land Anticipated to Hamper Market

HVDC cables require large patches of land. This is especially true in case of overhead and underground cables. These cables also require a right of way, i.e. the land through which the overhead or underground lines pass cannot be used for another purpose. In many cases, it is difficult to acquire land for such purposes. This adversely affects the pace of construction of HVDC transmission lines. Acquisition of land becomes an even bigger problem when cables are to be laid close to human settlements.

Increase in Usage of XLPE HVDC Cables to Drive HVDC Cables Market

The usage of mass impregnated cables and oil-filled cables was common when some of the first HVDC transmission lines were installed in the early second half of the 20th century. They remained the mainstay of HVDC transmission lines for a few decades. Toward the end of the 20th century, XLPE extruded cables were designed for HVDC transmission networks. These cables carry several advantages that drive their usage over traditional cables. For example, these polymer insulated cables are lighter and easier to handle. They offer easier jointing options than paper insulated cables. A higher conductor temperature can be used with XLPE cables. In turn, this allows for a smaller size of cable along with more compact construction. XLPE cables also allow the use of a wide range of additives such as anti-oxidants, cross-linking agents, lubricating additives, scorch resistant additives, and those which increase the cross-linking density. Thus, these cables can be used in a wide range of environments such as overhead lines, submarine, and underground.


Global HVDC Cables Market Segmented Based on Type, Application, and Region

In terms of type, the global HVDC cables market has been divided into mass impregnated cables, extruded cables, and others (including oil-filled cables and superconducting cables). Extruded cables hold the key share of the market. The segment is expected to maintain its dominance during the forecast period. Based on application, the market has been segregated into overhead line, submarine, and underground. The overhead line segment accounts for major share of the market owing to the low cost and comparative ease of construction. In terms of region, the market has been classified into North America (the U.S. and Canada), Latin America (Brazil, Mexico, and Rest of Latin America), Europe (Germany, the U.K., France, Italy, Spain, Russia & CIS, and Rest of Europe), Asia Pacific (China, India, Japan, ASEAN, and Rest of Asia Pacific) and Middle East & Africa (GCC, South Africa, and Rest of Middle East & Africa).

Comments

Post a Comment

Popular posts from this blog

Greenhouse Film Market to Grow at 8.1% CAGR Thanks to Rising Demand for Quality Food Crops

The  global greenhouse film market  depicts the existence of a fairly emerging market that is expected to become consolidated in the near future, says Transparency Market Research on the basis of a recently published report. Such consolidation is mainly expected to be the result of innumerable mergers and acquisitions between key players in this sector. Moreover, the competition is expected to get tougher with the entry of new players on a regular basis in the global greenhouse film market. Berry Global Group, Inc., RPC BPI Group, BASF SE, Barbier Group, Plastika Kritis S.A., and RKW Hyplast NV, are key players operating in the global greenhouse film market. Most players intend to improve the quality of their respective products as a chief strategy to outshine their rivals. Other schemes wherein an extensive focus has been imparted by most companies involve product differentiation, expansion of product portfolio, and increasing geographical reach. Regulating costs of green...
Read more

Nitro Compound Fertilizers Market Major Advancements & Global Industry Analysis

Nitro Compound Fertilizers  Market: Overview Compound fertilizers contain multiple nutrients in each individual granule. They differ from a blend of fertilizers mixed together to achieve a desired average nutrient composition. It helps farmers to spread compound fertilizers so that each granule delivers a mixture of nutrients as it dissolves in the soil and eliminates the potential for segregation of nutrient sources during transport or application. Multiple-nutrient granules of compound fertilizers also help achieve uniform distribution of micronutrients throughout the root zone. Nitro compound fertilizers are products that contain rich nitrite nitrogen and ammonium nitrogen, which are easily absorbed by plants at high rates. In nitro compound fertilizers, the ammonium nitrogen provides sustainable nutrition to plants to support their rapid growth and strengthen the roots through photosynthesis. Read More Overview @  https://www.transparencymarketresearch.com/nitro-co...
Read more

Global Thermocouple alloys Market | | Progressive Growth In Upcoming Year

Thermocouple consists of two dissimilar metals which are joined to form electrical junctions at differing temperatures and produce electric current. . When selecting thermocoupling alloys, it is important to keep in mind the application temperature range, environment, accuracy required and length of service. Thermocouples are a widely used type of temperature sensor. Commercial thermocouples are inexpensive, interchangeable, are supplied with standard connectors, and can measure a wide range of temperatures. In contrast to most other methods of temperature measurement, thermocouples are self-powered and require no external form of excitation. The main limitation with thermocouples is accuracy; system errors of less than one degree Celsius (°C) can be difficult to achieve. Thermocouples are widely used in science and industry. Applications include temperature measurement for kilns, gas turbine exhaust, diesel engines, and other industrial processes. Thermocouples are also use...
Read more