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.
The electricity grids of many European countries are becoming more and more integrated to balance regional fluctuations in power generation and accommodate wind energy in national grids. Initiatives like the Baltic Energy Market Interconnection Plan (BEMIP), North Seas Offshore Grid Initiative (NSOGI) and the Euro-Mediterranean Energy Market Integration Project (MED-EMIP) are promoting cross-border electricity interconnections and benefiting the HVDC cables market.
Published: February 2012
No. of Pages: 113
Price : Single User License - US$ 3995
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. Germany is a member of NSOGI and BEMIP, which will promote the integration of German grids with neighboring countries. Apart from this, the country’s central location in Europe and increasing electricity demand are also expected to promote electricity interconnections between Germany and neighboring countries, thereby supporting the growth of the country’s HVDC cables market.
Scope
Reasons to buy
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.
The electricity grids of many European countries are becoming more and more integrated to balance regional fluctuations in power generation and accommodate wind energy in national grids. Initiatives like the Baltic Energy Market Interconnection Plan (BEMIP), North Seas Offshore Grid Initiative (NSOGI) and the Euro-Mediterranean Energy Market Integration Project (MED-EMIP) are promoting cross-border electricity interconnections and benefiting the HVDC cables market.
High Voltage Direct Current (HVDC) Cables Market Analysis
Published: February 2012
No. of Pages: 113
Price : Single User License - US$ 3995
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. Germany is a member of NSOGI and BEMIP, which will promote the integration of German grids with neighboring countries. Apart from this, the country’s central location in Europe and increasing electricity demand are also expected to promote electricity interconnections between Germany and neighboring countries, thereby supporting the growth of the country’s HVDC cables market.
- Data on the revenue generated from HVDC cables sales for the leading countries of the world.
- Data on the pricing and volume analysis for HVDC cables, globally and for leading countries of the world like the US, Norway, the Netherlands, the UK, Sweden, Germany, Italy, Republic of Korea.
- Revenue forecast at the global level.
- Detailed market share analysis of top market participants such as ABB, Prysmian, Nexans and nkt cables.
- Data sourced from proprietary databases and primary interviews with key participants across the value chain.
Reasons to buy
- Facilitate decision-making based on strong historic and forecast data for the HVDC cables market.
- Develop strategies based on the latest pricing trends, market shares and revenue growth.
- Position yourself to gain the maximum advantage in the HVDC cables market's growth potential.
- Identify key partners and business development avenues.
- Respond to your competitors' business structure, strategy and prospects.
