GLOBAL EXTRA HIGH VOLTAGE POWER CABLE MARKET
INTRODUCTION
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.
EXTRA HIGH POWER CABLE MARKET SIZE AND FORECAST
The global extra high voltage power cable market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.
RECENT PRODUCT DEVELOPMENT AND INNOVATION
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.
MARKET DYNAMICS
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.
COMPANY PROFILE
- Dubai Cable Company Pvt. Ltd. (Senaat General Holdings Corporation)
- Nexans SA
- Sumitomo Electric Industries, Ltd.
- Finolex Cables Limited
- Southwire Company, LLC
- Cable Corporation of India Ltd.
THIS REPORT WILL ANSWER FOLLOWING QUESTIONS
- What is the average cost per global extra high voltage power cable market right now and how will it change in the next 5-6 years?
- Average cost to set up a global extra high voltage power cable market in the US, Europe and China?
- How many global extra high voltage power cable markets are manufactured per annum globally? Who are the sub-component suppliers in different regions?
- What is happening in the overall public, globally?
- Cost breakup of a global extra high voltage power cable market and key vendor selection criteria
- Where is the global extra high voltage power cable market manufactured? What is the average margin per equipment?
- Market share of global extra high voltage power cable market manufacturers and their upcoming products
- The most important planned global extra high voltage power cable market in next 2 years
- Details on network of major global extra high voltage power cable market and pricing plans
- Cost advantage for OEMs who manufacture global extra high voltage power cable market in-house
- 5 key predictions for next 5 years in global extra high voltage power cable market
- Average B-2-B global extra high voltage power cable market price in all segments
- Latest trends in global extra high voltage power cable market, by every market segment
- The market size (both volume and value) of the global extra high voltage power cable market in 2022-2030 and every year in between?
- Global production breakup of global extra high voltage power cable market, by suppliers and their OEM relationship
