Top 10 Companies in HVAC (High Voltage Alternative Current) cables

 HVAC (High Voltage Alternative Current) cables are the reliable submarine cable that is used in the energy infrastructure. Reliable and safe offshore power transmission and ongoing technological advancements in the HVAC cable result in an improved product life cycle, low power losses, and high durability, which in turn fuel the demand for the global HVAC cables market. Furthermore, increasing inclination toward installing overhead HVAC cables to cater to the inter-regional electricity demand also drives the HVAC cables market.

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Top Key Players:

1. ABB
2. Elsewedy Electric
3. Furukawa Electric Co., Ltd.
4. LS Cable and System Ltd.
5. Nexans S.A.
6. NKT A/S
7. Prysmian Group
8. Sumitomo Electric Industries, Ltd.
9. TFKable
10. ZTT International Limited

Growing refurbishment & replacement of conventional electricity network up-grading of existing transmission grid sub-structures propels the growth of the HVAC cables market. Sectoral schemes toward adopting sustainable energy infrastructure coupled with the favorable government policies, norms are augmenting the growth of the HVAC cables market. Furthermore, increasing investments toward offshore wind farms along with rising customer inclination toward the adoption of subsea power cables are expected to fuel the global HVAC cables market in the coming years.

The global HVAC cables market is segmented on the basis of voltage, installation. On the basis of voltage the market is segmented as below 110 kV, 110 kV – 220 kV, 220 kV – 440 kV, above 440 kV. On the basis of installation the market is segmented as underground, submarine, overhead.

Source: The Insight Partners