Utilities Tech Outlook Weekly Brief
Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Utilities Tech Outlook
Trends are pointing to an exponential rise in the demand for high-voltage cables marked by electric utility companies.
FREMONT, CA: The evolving needs of the digitalizing world have contributed to a steadily growing demand for electricity. With electricity consumption patterns changing, electric utility firms are trying to step up energy generation, as well as transmission and distribution capacities. This has led to utility companies investing primarily towards infrastructural upgrades. In this context, High Voltage (HV) cables have found a lot of takers. By allowing high-voltage transmission, HV cables serve the demands of commercial establishments like data centers and communication stations, which are all power-intensive.
According to a market report, the HV cable market is expected to reach USD 29 billion by the year 2025. This forecast reflects the fact that the demand for HV cables by electric utilities will remain high in the near future. While the demands for high-voltage energy transmission by businesses is one contributing factor, the advantageous properties that HV cables have are also responsible for their increasing adoption. HV cables are suitable for deployment in the underground, as well as underwater environments. Overhead cabling is considered risky in high-density areas. Places that 
are prone to calamities also face electricity disruption frequently. The use of HV cables allows for underground and underwater cabling, resulting in minimized risks.
For electric utilities, HV cables also reduce the needs of maintenance. In addition to that, HV cables are also considered suitable for renewable energy transmission. Today, most of the electric utility companies are under some degree of transformation. When it comes to giving transmission equipment like cables, a makeover, utilities are looking for robust solutions. The HV cables have been designed to address these demands effectively. Thus, by adopting HV cables, utility companies can not only appease commercial consumers but also pave the way for highly reliable electricity transmissions at every level. All of these factors taken together are resulting in the large-scale HV cable adoption by utility companies.
See Also :- Top Agile Consulting/Services Companies
