Global EHV AC and HVDC in XLPE Onshore Land Cables and Accessories Market Report 2024 by Delvens offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance, the Global EHV AC and HVDC in XLPE Onshore Land Cables and Accessories Market size is projected to reach a CAGR of 5.7% from 2023-2030.
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Asia-Pacific to Dominate the Market
Asia-Pacific dominates the global EHV AC and HVDC in XLPE Onshore Land Cables and Accessories market and is anticipated to maintain its lead during the forecast period.
The growth is majorly attributed to the rapid growth in industrial and manufacturing facilities.
The prominent players in EHV AC and HVDC in XLPE Onshore Land Cables and Accessories Market are
· ABB
· Prysmian Group
· Nexans
· NKT Group
· Sumitomo Electric Industries, Ltd.
· General Cable Corporation
· LS Cable & System Ltd.
· Furukawa Electric Co., Ltd.
· Southwire Company, LLC
· Jiangnan Group Limited
· Zhongtian Technology Group Co., Ltd.
· Siemens AG
· J-Power Group and More
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EHV AC XLPE cables are used for high-voltage power transmission in AC systems. XLPE insulation provides excellent electrical properties and thermal resistance, making it suitable for EHV AC applications. These cables are used to transmit power over long distances, interconnect substations, and distribute electricity from power plants. EHV AC XLPE cables are preferred for their low transmission losses and high reliability.
HVDC XLPE cables are designed for high-voltage direct current transmission. HVDC technology offers several advantages, including lower transmission losses over long distances compared to AC transmission. XLPE insulation in HVDC cables ensures efficient insulation performance at high voltage levels. HVDC XLPE cables are used for interconnecting power grids, offshore wind farms, and long-distance transmission of electricity.
The market for XLPE onshore land cables and accessories includes a wide range of associated products. These accessories are essential for the installation, termination, and jointing of XLPE cables. Common accessories include cable terminations, joints, connectors, splices, and cable glands. These components ensure proper electrical connectivity, insulation, and protection of XLPE cables.
Recent Developments
One of the top companies in the sector, Nexans, declared in July 2021 that it had been given the go-ahead by TenneT, a significant European grid operator, to provide and install the high-voltage export cables for the DolWin5 offshore wind farm in Germany. About 45 kilometers of HVAC XLPE undersea cables will be supplied and installed by Nexans to link the wind farm to the onshore grid. The project's goal is to make it easier for renewable energy to be transported from the offshore wind farm to the mainland.
A significant player in the cable sector, Prysmian Group, revealed in June 2021 that it intended to make investments to increase the plant's capacity to produce HV cables in Pignataro, Italy. As part of the worldwide energy revolution, the investment seeks to address the rising demand for HV cables, including HVAC XLPE onshore land cables and submarine cables. New production lines and expanded manufacturing capabilities are part of the expansion project, which will enable Prysmian to meet changing market demands.
Key Findings
The market can be segmented based on voltage ratings, such as low voltage (LV), medium voltage (MV), high voltage (HV), Extra High Voltage, and Ultra high voltage. Each voltage level has specific applications and requirements.
Based on type EHV AC and HVDC in XLPE Onshore Land Cables and Accessories Market can be segmented into Mass Impregnated, Cables Extruded Cables, and Others (including Oil-filled Cables and Superconducting Cables).
Based on the application EHV AC and HVDC in XLPE Onshore Land Cables and Accessories Market can be segmented into Power Transmission, Interconnecting Power Systems, Underground Power Distribution, Submarine Power Transmission, Grid Stabilization, and Reactive Power Control. Due to its many advantages over overhead and submarine installations as well as the rising adoption of underground cable deployment by many developing countries, the underground cable segment is anticipated to experience the fastest growth for the cable accessories market during the forecast period.
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