Key Findings
The Europe high voltage cable market is estimated to accelerate with a 4.41% CAGR during the assessment years, 2023-2032. The development of contemporary grid infrastructure and offshore wind farms drive market growth in the region.

Market Insights
The Europe high voltage cable market growth evaluation includes the assessment of Poland, Germany, Spain, Sweden, Italy, France, United Kingdom, and Rest of Europe. France has begun its ambitious energy transition from nuclear to renewable sources, despite its diminishing nuclear energy resources. The main topics of the French government’s framework design are the national low-carbon plan, the trajectory of the carbon price, and the carbon budget, which are expected to positively impact the France high voltage cable market.
Additionally, according to the Swedish Energy Agency, Sweden is the top consumer of renewable energy in the European Union, with a 54% consumption rate. Besides, Sweden’s principal renewable energy sources include wind power, hydropower, biofuel, and solar energy. Hence, the government is developing legislation and undertaking several projects to encourage the use of renewable energy in electricity production. For instance, the Green Electricity Certification verifies that electricity is produced using green energy sources like geothermal, wind, and solar energy, which are anticipated to increase the HVC market demand.
Furthermore, in Spain, natural gas, nuclear, coal, and oil are the four main sources of electricity, respectively, after renewable energy. The National Energy and Climate Plan’s target of 74% renewable electricity generation in Spain by 2030 is currently halfway accomplished, but more work will be needed from all market participants. Strategic collaborations and the expanding usage of high voltage cables for electric and hybrid automobiles have positively impacted the market.

Competitive Insights
Key companies operating in the market include Siemens AG, NKT Cables, Prysmian Group, Nexans, etc.
Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation caters to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments