DC Electric Cable Market Share

Asia Pacific industry is likely to account for largest revenue share by 2037, driven by growing investments for renewable energy in the region.

Asia Pacific industry is predicted to hold largest revenue share by 2037, driven by growing investments for renewable energy in the region. The demand for DC electric cables for solar energy and wind energy, along with the demand for HVDC cables is anticipated to rise with the increasing deployment of renewable energy sources. Furthermore, it is anticipated that there will be a rising demand for power distribution generated from the renewable sources, impacting positively towards the deployment of HVDC transmission cables for long distance and efficient transmission.