High Voltage Direct Current (HVDC) Cables - Global Market Size, Average Pricing

Feb. 2, 2012 - PRLog -- 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.

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.

For Sample Pages, please click or add the below link to your browser:
http://www.globaldata.com/reportstore/RequestSamplePages....

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.

GlobalData’s new report, “High Voltage Direct Current (HVDC) Cables – Global Market Size, Average Pricing, Equipment Market Share and Competitive Landscape Analysis to 2020” gives detailed information on the global HVDC cables market, focusing both on global and key countries.

Drivers, restraints, challenges, revenue forecasts, market share analysis and sales volumes are covered for the global market. The report covers eight key markets for HVDC cables market, namely like the US, Norway, the Netherlands, the UK, Sweden, Germany, Italy, and the Republic of Korea. Revenue forecasts, average pricing, market share analysis and volume sales analyis are covered at the national level.

For further details, please click or add the below link to your browser:
http://www.globaldata.com/reportstore/Report.aspx?ID=High...

Visit our report store: http://www.globaldata.com/reportstore

For more details contact:
pressreleases@globaldata.com
           
North America:    +1 646 395 5477
Europe:        +44 207 753 4299
           +44 1204 543 533
Asia Pacific:       +91 40 6616 6782

# # #

GlobalData is a global market intelligence services company providing information research and analysis products and services.