Global Extra High Voltage (EHV) Cables market reached USD 39.8 billion in 2023 and is poised to grow up to USD 53.7 billion by 2030 it is anticipated to register a CAGR of 5.3% during the forecast period ranging between 2025 and 2030.
Global Extra High Voltage (EHV) Cables market reached USD 39.8 billion in 2023 and is poised to grow up to USD 53.7 billion by 2030 it is anticipated to register a CAGR of 5.3% during the forecast period ranging between 2025 and 2030.
EHV cables are specially designed to transmit power at high voltages ranging between 230 kV to 1000 kV typically comprise a insulation and conductor. Their high-capacity electricity transmission property makes them suitable for enduring voltages over 220 kV during power transmission. These cables play a major role in transmitting power over a long distance. These cables are high in demand where higher energy efficacy and grid stability are required as well as for integrating renewable energy. The market is poised for robust growth during the forecast period as there is rising investment in the power generation and transmission sector. Significant developments in insulation materials, technology and installation methods and government initiatives to stabilize power grids in developing regions adds fuel to market growth. The growing demand for electricity all over the world is the major factor that drives the growth of the global Extra High Voltage (EHV) Cables market. The growth of the market is primarily hindered by the lengthy approvals causing delay in deployment, strict regulatory requirements, growing environmental concerns. Difficulties in cable maintenance, especially for submarine and underground installations, add to the cost and operational challenges, there by impeding market growth.
Browse 72 market data Tables and 45 Figures spread through 204 Pages and in-depth TOC on Global Extra High Voltage (EHV) Cables market By End Use (Utilities, Heavy Industries, Renewable Energy), By Installation (Overhead, Underground and Submarine), By Product Type (Cross-Linked Polyethylene (XLPE) Cables, Mass Impregnated (MI) Cables and Gas Insulated Cables), By Conductor (Copper and Aluminum), By Voltage Level (220 to 500 kV and More Than 500 kV) and By Geography (Asia-Pacific, North American, Europe, Middle East & Africa) - Global Forecast from 2025 to 2030.
Global Extra High Voltage Cables Market Segmentation and Key Players
|
Segment / Key Players |
Categorization |
|
End Use |
Utilities, Heavy Industries, Renewable Energy |
|
Installation |
Overhead, Underground and Submarine |
|
Product Type |
Cross-Linked Polyethylene (XLPE) Cables, Mass Impregnated (MI) Cables and Gas Insulated Cables |
|
Conductor |
Copper and Aluminum |
|
Voltage Level |
220 to 500 kV and More Than 500 kV |
|
Key Players |
Nexans SA, Tratos, Hitachi LTD., NKT A.S., Prysmian SpA, Siemens AG, Cable Corporation of India Limited, Finolex Cables Ltd, Southwire Company LLC |
By end use, utilities dominate the global extra high voltage (EHV) cables market
The utilities segment is the largest segment in the EHV cables market. It is expected to dominate the market than the other two segments mainly due to the growing need for more efficient and reliable electricity transmission, and higher investment in existing infrastructure modernization, escalating grid capacity, and integrating renewable energy sources to meet growing demand for electricity.
"The Asia-Pacific is projected to register the fastest CAGR during the forecast period, i.e., 2025-2030 in the global extra high voltage (EHV) cables market.”
The Asia-Pacific region of the global Extra High Voltage (EHV) Cables market leads and will continue to dominate during the forecast period due to rapid industrialization drives as well as higher investments in large infrastructure in developing countries like India and China.
Some of the key players in this market are Nexans SA, Tratos, Hitachi LTD., NKT A.S., Prysmian SpA, Siemens AG, Cable Corporation of India Limited, Finolex Cables Ltd, Southwire Company LLC
Recent Developments of Key Players
NKT (Danish cable manufacturer) has gained an order from Elia Transmission Belgium (ETB) - Belgian transmission system operator (TSO) to supply 545 km of high-voltage cables for grid upgrades.
Prysmian, leader in the energy transition and digital transformation, acquired Warren & Brown Technologies (the Australian leader in telecommunication network connectivity products). The acquisition represents a strategic milestone for both companies that shall combine Prysmian’s expertise in Digital Solutions technologies with Warren & Brown’s resources, strength and capabilities in enterprise solutions for the Telecom market.
The global extra high voltage market report offers a comprehensive market segmentation analysis along with estimation for the forecast period 2025–2030.
Global Extra High Voltage Market coverage (By Value)
- End-Use Insight and Forecast 2025 - 2030
- Utilities
- Heavy Industries
- Renewable Energy
- Installation Insight and Forecast 2025 - 2030
- Overhead
- Underground
- Submarine
- Product Type Insight and Forecast 2025 - 2030
- Cross-Linked Polyethylene (XLPE) Cables
- Mass Impregnated (MI) Cables
- Gas Insulated Cables
- Conductor Insight and Forecast 2025 - 2030
- Copper
- Aluminum
- By Voltage Level Insight and Forecast 2025 - 2030
- 220 to 500 kV
- More Than 500 kV
Geographical Segmentation
Global Extra High Voltage Market by Region
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa