The HVDC cables market’s 2024 valuation of US$ 2.4 billion highlights its role in modern energy systems, with revenues primarily from submarine cables for offshore wind and interconnectors, accounting for 60% of sales (US$ 1.44 billion). Historical growth averaged 5.8% annually from 2019 to 2024, driven by a 30% surge in global offshore wind capacity to 70 GW and cross-border grid pro... https://www.transparencymarketresearch.com/hvdc-cables-market.html