PUBLISHER: QYResearch | PRODUCT CODE: 1867963
PUBLISHER: QYResearch | PRODUCT CODE: 1867963
The global market for Subsea HVDC Cable was estimated to be worth US$ 2090 million in 2024 and is forecast to a readjusted size of US$ 5851 million by 2031 with a CAGR of 14.8% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Subsea HVDC Cable cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Subsea HVDC Cable is a high-voltage direct current cable system designed for submarine power transmission. Its core function is to achieve long-distance, large-capacity, low-loss submarine power transmission through direct current technology. It is especially suitable for connecting power grids in different countries or regions, offshore wind farm grid connection and cross-sea energy transmission. The system is composed of key components such as high-voltage direct current cable body, submarine connector, terminal station, etc. It uses the characteristics of direct current without inductive reactance, capacitive reactance and synchronization problems to effectively reduce long-distance transmission losses. At the same time, its insulation and sheath materials need to have high strength, corrosion resistance and water pressure resistance to adapt to the complex submarine environment. Compared with AC cables, submarine HVDC cables have significant advantages in transmission efficiency, capacity and stability, and have become one of the core technologies for modern marine energy development and cross-border power grid interconnection.
The surge in green energy projects, such as offshore wind and solar power, requires submarine cables for long-distance power transmission. The increase in global renewable energy investment is directly driving demand for submarine high-voltage direct current (HVDC) cables. With the rise in cross-border grid interconnection projects, submarine cables have become critical infrastructure for regional energy sharing. Power grid modernization in developed countries is driving the upgrading of high-voltage and ultra-high-voltage cable technology.
With the trend toward larger wind turbines, cable voltage levels are continuously increasing. The voltage level of array submarine cables has been upgraded from 35kV to 66kV. With the expansion of offshore wind farms, the voltage level of outgoing submarine cables has increased from 220kV to 330/500kV. Flexible direct current (HVDC) technology is more suitable for long-distance power transmission, and several offshore wind power projects around the world are already utilizing this technology.
This report aims to provide a comprehensive presentation of the global market for Subsea HVDC Cable, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Subsea HVDC Cable by region & country, by Type, and by Application.
The Subsea HVDC Cable market size, estimations, and forecasts are provided in terms of sales volume (K Meter) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Subsea HVDC Cable.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Subsea HVDC Cable manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Subsea HVDC Cable in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Subsea HVDC Cable in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.