High voltage cables are used for electricity transmission in commercial, residential, and industrial infrastructures around the world. Underground and submarine cables dominated the market in the period under consideration, as they are preferred by several industrial sectors, including mining, oil and gas, and electric power. The market value of high voltage cables is forecast to grow from 37.5 billion U.S. dollars in 2022 to over 61 in 2032.
As of 2021, the Greater China region accounted for the largest installed capacity of high voltage direct current transmission systems worldwide.
Market value of high voltage cables worldwide from 2018 to 2022 with a forecast to 2032, by installation
(in million U.S. dollars)
Characteristic
Underground
Submarine
Overhead
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Inkwood Research. (May 17, 2023). Market value of high voltage cables worldwide from 2018 to 2022 with a forecast to 2032, by installation (in million U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1386309/high-voltage-cable-market-by-installation-forecast-worldwide/
Inkwood Research. "Market value of high voltage cables worldwide from 2018 to 2022 with a forecast to 2032, by installation (in million U.S. dollars)." Chart. May 17, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1386309/high-voltage-cable-market-by-installation-forecast-worldwide/
Inkwood Research. (2023). Market value of high voltage cables worldwide from 2018 to 2022 with a forecast to 2032, by installation (in million U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1386309/high-voltage-cable-market-by-installation-forecast-worldwide/
Inkwood Research. "Market Value of High Voltage Cables Worldwide from 2018 to 2022 with a Forecast to 2032, by Installation (in Million U.S. Dollars)." Statista, Statista Inc., 17 May 2023, https://www.statista.com/statistics/1386309/high-voltage-cable-market-by-installation-forecast-worldwide/
Inkwood Research, Market value of high voltage cables worldwide from 2018 to 2022 with a forecast to 2032, by installation (in million U.S. dollars) Statista, https://www.statista.com/statistics/1386309/high-voltage-cable-market-by-installation-forecast-worldwide/ (last visited July 22, 2024)
Market value of high voltage cables worldwide from 2018 to 2022 with a forecast to 2032, by installation (in million U.S. dollars) [Graph], Inkwood Research, May 17, 2023. [Online]. Available: https://www.statista.com/statistics/1386309/high-voltage-cable-market-by-installation-forecast-worldwide/