Rising Demand for Efficient Power Transmission Fuels HVDC Cables...

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2025-11-12 21:17:59

Rising Demand for Efficient Power Transmission Fuels HVDC Cables Market Growth

The global HVDC Cables Market was valued at USD 2.4 billion in 2024 and is projected to reach USD 4.6 billion by 2035, growing at a CAGR of 6.3% from 2025 to 2035. The market growth is driven by the increasing demand for efficient long-distance power transmission, integration of renewable energy sources, and cross-border electricity trade. Rising investments in grid modernization and the...

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