The High Voltage Cable Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2017–2025
Global High Voltage Cable Market: Overview
High Voltage cable (HVC) is utilized for electric power transmission at high voltage as compared to long distances to meet the electricity demand and requirement at the individual loads. High voltage cable (HVC) is majorly utilized for electric power transmission at a very high voltage over long distances to meet up the electricity demand and requirement at the relevant loads. The in progress industrialization as well as urbanization in emerging countries, such as Japan, China, and India, may act as major development drivers for the global market. In addition, augmented number of renewable energy projects, for example wind as well as solar power plants, and has supplemented the augmentation of the global HVC market. Moreover, these cables offer the benefits of occurrence of added insulation jacket that decreases power loss, and improves stability as compared to other cables. HVCs are extensively utilized in underground cables, overhead lines, and submarine cables. On the other hand, the volatile cost of metals, such as aluminium and copper, negatively impact the market expansion.
Global High Voltage Cable Market: Growth Factors
The global high voltage cable market is first and foremost driven by the increasing demand and popularity from industries as well as energy distribution centres. Across the world, industries are investing heavily on the development or improving the infrastructure to put up the power transmission needs. In regions like North America, where the grids are likely to become less efficient and effective as they are old, the grid infrastructure requires up gradation to offer nonstop power supply to evade power shortages. The significance of renewable energy is increasing worldwide, and governments are likely to invest in building infrastructure for the same. For example, governments in regions such as China and the U.S. are investing in making infrastructure for renewable energy sources. Energy infrastructure instalments and up gradation are likely to propel the expansion in the global high voltage cable market in the coming future. The global high voltage cable market is projected to be subdued by the extreme fluctuations in the raw materials. The global high voltage cable industry key players are projected to witness the drop in the revenue margin, which is further likely to slow down the market development.
Global High Voltage Cable Market: Segmentation
This global high voltage cable market is classified in terms of end user, type, and region. In terms of type, the market is categorized into underground, overhead, and submarine cables. In terms of end user, the market is fragmented into industrial (mining, oil & gas, chemical & petrochemical, power utilities, and others), renewable (hydropower, wind, and others), and infrastructure (residential and commercial).
Global High Voltage Cable Market: Regional Analysis
Depending on regions, global high voltage cable market is divided into seven major regions: Latin America, North America, Western Europe, Eastern Europe, Asia Pacific, Japan, and the Middle East & Africa. Based on market revenue, the Asia Pacific region for the global high voltage cable market is anticipated to register a considerable CAGR in the coming future. Rising industry activities are expected to propel the augmentation of the global high voltage cable market in the Asia Pacific and Japan. Increasing demand and requirement for energy is another aspect, which is projected to propel the demand and popularity for the global high voltage cable market in the Asia Pacific.
Global High Voltage Cable Market: Competitive Players
Some of the most important market players in the global High Voltage Cable are Okonite, Finolex Cables, General Cable, Belden, Nexans, Prysmian, Southwire, Sumitomo Electric Industries, KEI Industries, Okonite and International Wire Group., are among others.
Global High Voltage Cable Market: Regional Segment Analysis
Middle East and Africa
What Report Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market.