SELBYVILLE, Del., March 22, 2021 /PRNewswire/ — The HVDC cables market value is expected to cross USD 4 Billion by 2027, as reported in the latest study by Global Market Insights, Inc. owing to grid modernization along with the adoption of technologically advanced products across the T&D network. Rising power demand across the emerging countries on account of rapid industrialization and commercialization will fuel the business scenario.

UHVDC (ultra-high voltage direct current) cables are projected to exceed USD 530 million by 2027. Increasing demand to supply electricity over a long distance with minimum power loss will shift the consumer focus toward product installation. For instance, in 2020, NKT introduced its sustainably produced 525 kV HVDC XLPE underground power cable which is manufactured to complement the requirement for upcoming high voltage direct current corridor…

Read more…

Share.

Comments are closed.