DC Electric Cable Market Share

On the basis of regional analysis, the DC electric cable market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

Asia Pacific industry is predicted to hold largest revenue share by 2036, 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.