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Global HVDC transmission market: Prysmian Group key to supplying speciality cables within industry

Press Release   •   Jul 12, 2013 12:47 BST

The global HVDC transmission market (High Voltage Direct Current) is suggested to have reached a value of around $16.55 billion by the beginning of 2013. Asia dominates the HVDC transmission market. In China, the government's ambition to connect hydropower resources in the South-West and coal reserves in the North-West to Eastern and South-Eastern cities is the prime agent of this dominance.

In addition, with fewer regulatory or right-of-way obstacles facing development than in Europe or North America, the Asian share of the HVDC transmission market declines relatively little during the next 10 years. Lower barriers to project development, combined with low political instability, also make Asian investment outcomes more certain than any other region.

HVDC component suppliers have the capability to supply the cable systems needed for HVDC transmission. However, there are a number of companies, from which two stand out, that have developed as a core business segment the supply of HV cabling. These two companies, which are also the two largest suppliers of copper and optical fibre cable (speciality cable) worldwide, are Nexans and Prysmian.

The Prysmian Group is the world's leading supplier of speciality cables, with sales of $10.45bn in 2012. Its two main business segments are energy and telecommunications cables. The Italian company attained its number one status following the acquisition of Dutch cable manufacturer Draka in 2011 and the creation of the Prysmian Group. The acquisition was important in alleviating pricing pressure within the industry, increasing overall profitability.

For more information on the HVDC transmission market, please click here: Global HVDC transmission market

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