This new report High Voltage Direct Current (HVDC) Cables - Global Market Size, Average Pricing, Equipment Market Share and Competitive Landscape Analysis to 2020 gives detailed information on the global HVDC cables market.

Drivers, restraints, challenges, revenue forecasts, market share analysis and sales volumes are covered for the global market. The report covers eight key markets for HVDC cables market, namely like the US, Norway, the Netherlands, the UK, Sweden, Germany, Italy, and the Republic of Korea. Revenue forecasts, average pricing, market share analysis and volume sales analyis are covered at the national level.

Global HVDC Cables Market Expected to Show Substantial Growth over the Forecast Period

The global High Voltage Direct Current (HVDC) cables market is expected to show substantial growth over the forecast period. The cumulative revenues from the HVDC cables market are expected to increase more than three times over the forecast period of 2012-2020 compared to the historic period of 2006-2011. The two major factors driving the growth of the global HVDC cables market are the growth of offshore wind farms and the increasing number of cross-border interconnections.

Europe, Driving the Global HVDC Cables Market

A number of large capacity offshore wind farms in countries like Germany and the UK are being built far from the coastline in order to utilize higher wind yields. HVDC cables are increasingly being used to transmit the power from such remote wind farms to the main grid. Over the historic period, Europe has accounted for more than three quarters of HVDC cable orders. Europe is expected to continue as the major driver for HVDC cables over the next five years.

Germany, Market for HVDC Cables Booming

Germany has been a major contributor to the global HVDC market revenues over the historic period. The cumulative revenues of the German HVDC cables market over the historic period were $2,695m. This is expected to increase to $7,948m over the forecast period. Germany accounts for the majority of HVDC cables orders in Europe. The growth in offshore wind farms will be the biggest driver for the HVDC market over the forecast period. Several offshore wind farms with capacities ranging from 150 Megawatts (MW) to 1,000 MW are being built far from the coastline in Germany to take advantage of greater wind yields.

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