Welcome to the ZMS CABLE News section, your window into the world of cable industry news and technology. In this section, we select and publish authoritative information and in-depth reports related to cable manufacturing, export, technology research and development, and market development, and are committed to presenting you with comprehensive information.
International market research firm Markets and Markets has released a report stating that the global smart grid market is expected to grow from $43.1 billion in 2021 to $103.4 billion in 2026, at a compound annual growth rate of 19.1% during the period.
Offshore wind power has been one of the hottest topics in recent years. As a new mode of power generation that is gradually emerging, it will also be faced with various opportunities and challenges.
The Prysmian Group is known to have been awarded two major contracts worth a total of more than 800 million euros.
These include one signed by Amprion Offshore GmbH, a subsidiary of the German transmission system operator Amprion, for the design, supply, installation, and commissioning of onshore and submarine cables for the grid-connected systems of two offshore wind farms in the German North Sea. Namely DolWin4 and BorWin4.
According to a comprehensive research report by Market Research Future (MRFR), the global high-voltage DC transmission market is set to grow at a CAGR of 8.6% from 2022-2030.
The rapid expansion of offshore wind power and the growing electricity demand are the major factors contributing to the growth of this market. The market for high-voltage DC transmission systems is expected to grow as more and more offshore wind power projects are being installed. Offshore wind energy can generate large amounts of electricity, which can then be distributed to areas with high electricity demand.
On July 29, the State Grid Shanghai Electric Power Company organized relevant units belonging to the company to carry out a large-load test of superconducting power cables, which initially verified the ability of superconducting cables to operate with large loads by operating at large loads of more than 1000A for nine consecutive hours and a maximum of 1289A.
According to a new report published by international market research firm Markets and Markets, the global structured cabling market is expected to increase from USD 11.7 billion in 2022 to USD 15 billion by 2027, growing at a CAGR of 5.1% during the period.
A plan for a transmission project to bring electricity from Egypt and Israel to Greece is getting a new boost as Europe seeks to reduce its dependence on Russian energy.
The global power transmission lines and transmission towers industry is expected to grow at a solid pace over the next six years, with its market size expected to exceed $48 billion by 2028, according to a new report from Global Marketing Insights.
An analysis by Standard & Poor’s Global (S&P Global) found that copper supply shortages could become a major destabilizing factor for international security in the 21st century.
CRANBERRY ISLAND – Versant Power has laid a new submarine cable between Great Cranberry Island and Islesford to replace a cable installed in 1970 that had been damaged over the years.
According to Versant’s website, the old cable was badly damaged. It was due to rock movement caused by wave and tidal action and needed to be replaced to ensure reliable and safe service to islanders.
UK-based subsea cable service provider JDR has recently been awarded a contract by Seaway 7 ASA to supply 66kV subsea array cables for the EnBW He Dreiht offshore wind farm in Germany.
JDR will supply 100km of 66kV array cable to connect 64 wind turbines at the 900MW offshore wind farm. JDR draws on its strong technical capabilities and extensive offshore experience to provide cable products and services for up to 50 offshore wind projects.