Lucintel Forecasts The Global Vsc-hvdc Cable Sales Market To Grow With A Cagr Of 6.1% From 2025 To 2031

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According to a market report by Lucintel, the future of the global VSC-HVDC cable sales market looks promising with opportunities in the offshore wind, island power, and offshore oil & gas extraction markets. The global VSC-HVDC cable sales market is expected to grow with a CAGR of 6.1% from 2025 to 2031. The major drivers for this market are the rising demand for renewable energy integration, the growing need for grid modernization, and the increasing focus on energy efficiency.
A more than 150-page report to understand trends, opportunity and forecast in global VSC-HVDC cable sales market to 2031 by type (±160kV, ±200kV, ±320kV, and ±535kv), application (offshore wind, island power, offshore oil & gas extraction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, ±535kv is expected to witness the highest growth over the forecast period due to the rising demand for high-capacity power transmission.
Within the application category, offshore wind is expected to witness the highest growth due to the increasing ...
... focus on sustainable power sources.
Download sample by clicking on VSC-HVDC cable sales market.
In terms of region, Europe is expected to witness the highest growth over the forecast period due to the growing focus on renewable energy integration.
ABB, GE Grid Solutions, Sumitomo Electric, Südkabe, Hitachi Energy, Siemens Energy, Jiangsu Zhongtian Technology, Ningbo Orient Wires & Cables, Hengtong Optic-Electric, Baosheng Science and Technology Innovation are the major suppliers in the VSC-HVDC cable sales market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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