A High-Voltage Cable is a cable used for electric power transmission at high voltage. Technically sophisticated high-voltage cable solutions are needed for megacities and the expansion of the power supply. Benefits of high-voltage cable and accessories include – flexible custom solutions, system reliability, cost savings, field application support, no risk of leakage, easy handling, and quick installation.
The Global High Voltage Cables & Accessories Market was valued at USD 28.82 billion in 2016 and is projected to reach USD 49.23 billion by 2025, growing at a CAGR of 6.13% from 2017 to 2025.
1. Market Drivers
1.1 Increasing adoption of smart-grid technology
1.2 Emerging offshore wind policies
1.3 Rising power generation capacity
1.4 Growing demand for efficient transmission systems
1.5 Growth of offshore wind farms
2. Market Restraints
2.1 Financial constraints causing delays in power transmission projects
2.2 Lack of technical expertise for high voltage cable systems
2.3 Changing prices of raw materials
2.4 Regulatory, environmental, & complex authorization procedures
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The Global High Voltage Cables & Accessories Market is segmented on the product type, installation, voltage range, and region.
1. Product Type:
1.1 Underground & Submarine
1.1.1 XLPE cables
1.1.2 MI cables
1.1.3 Cable terminations
1.1.4 Cable joints
1.2 Overhead Products
1.2.2 Fitting and Fixtures
2. By Installation:
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3. By Voltage Range:
3.1 72.5 kV
3.2 123 kV
3.3 145 kV
3.4 170 kV
3.5 245 kV
3.6 400 kV and above
4. By Region:
4.1 North America U.S., Canada, Mexico
4.2 Europe Germany, UK, France, Rest of Europe
4.3 Asia Pacific China, India, Japan, Rest of Asia Pacific
4.4 Latin America Brazil, Argentina, Rest of Latin America
4.5 Middle East & Africa
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The major players in the market are as follows:
1. Nexans S.A.
2. NKT Cables Group A/S
3. Furukawa Electric Co., Ltd.
4. EL Sewedy Electric Company
5. Kabelwerke Brugg AG
6. Tele-Fonika Kable Sa
7. Baosheng High Voltage Cable Co., Ltd.
8. Tianjin Suli Cable Group
9. Prysmian S.P.A.
10. General Cable Corporation
11. Sumitomo Electric Industries, Ltd.
12. LS Cable & System Ltd.
13. Jiangnan Group Limited
14. Dubai Cable Company Ltd.
15. Southwire Company, LLC
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These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Research Methodology of Planet Market Reports
Research study on the Global High Voltage Cables & Accessories Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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Name: Jennifer Daniel
Organization: Planet Market Reports