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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
A crucial component of the electrical system's backbone is extra high voltage power wire. The cabling's quality has a significant impact on the electric power transmission system's dependability and safety.
Extra high voltage cable is used extensively in the steel, water, renewable energy, nuclear and thermal power generation, airport, railway, and other manufacturing sectors as well as many other industries involved in power transmission and distribution. a cable used for high-voltage electric power transmission.
A cable has an insulation layer and a conductor, and it can be buried or submerged. Suitable for underground duct installation, direct burial, open tray installation, and power transmission networks.
The global extra high voltage power cable market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
For the creation of power transmission networks, Prysmian Group is prepared to introduce a new, ground-breaking cable technology i.e., P-Laser 600 kV cable system that will guarantee improved electrical performance, cheaper costs, and more environmental sustainability.
India's power industry will move into a new era when the government-run Power Grid Corp operates a 1,200-Kv ultra-high voltage (UHV) test station and experimental lines in Bina, Madhya Pradesh.
From Japan's era of high speed economic growth till the present, Furukawa Electric's Extra high voltage underground power transmission cable has helped to establish the underground power transmission network.
Additionally, it was involved in the construction of the first 500 kV power transmission line in the world, which received high praise for its technological prowess.
A limited notice to proceed (LNTP) from Samsung C&T Corporation has been given to Sumitomo Electric Industries, Ltd. for the delivery of a high-voltage direct current (HVDC) cable for Abu Dhabi National Oil Company (ADNOC) in the United Arab Emirates (UAE).
With a route length of roughly 140 km and cutting-edge 400 kV DC Cross-Linked Polyethylene (XLPE) cable technology from Sumitomo Electric, this is the first submarine HVDC network of its sort in the Middle East. Under this LNTP, the initial engineering work will start, then a full contract will be awarded, and finally a financial investment decision will be made.
The estimated cost of the project is $200 million USD, and system operation is scheduled to begin in 2025.
The U.S. division of Taihan Cable & Solution, T.E. USA also received a contract to supply an ultra-high-voltage power grid in California, according to the company's announcement.
To maintain the electricity supply in major cities, this project entails the construction of a 230kV subterranean power infrastructure that will connect sizable offshore wind power producing complexes and power systems.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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