(EnergyIndustry.Net, October 04, 2024 ) HVDC Cables Market was valued at US $ 10.70 Bn. in 2023. Global HVDC Cables Market size is estimated to grow at a CAGR of 5.31%.
The most favored transmission technology for long-distance bulk electric power transmission is a high-voltage direct current (HVDC) cable. Increased number of transmission projects, growing semand for HVDC Cables governmental initiave for the market are some of the important driving factors.
Asia Pacific HVDC Cables dominates the global market. Asia Pacific accounted for 38.3% market share in 2023. China and India, are expected to drive the HVDC cables market growth.
The Mobile Chargers Market size was valued at USD 18.2 billion in 2023 and the total Mobile Chargers market revenue is expected to grow at a CAGR of 9.11% from 2024 to 2030, reaching nearly USD 33.5 billion by 2030.
The Inverter Duty Motor Market size was valued at USD 4.92 billion in 2023 and the total Inverter Duty Motor market revenue is expected to grow at a CAGR of 10.21% from 2024 to 2030, reaching nearly USD 9.72 billion by 2030.
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