0
2020
High Voltage Cable Market

High Voltage Cable Market

by Installation (Overhead, Underground, and Submarine) and End User (Industrial, Renewable, and Infrastructure): Global Opportunity Analysis and Industry Forecast, 2020-2027.
Update Available On-Demand

Report Code: A01211
Pages: 197
Apr 2020 | 22816 Views
Author(s) : Ayushi Choudhary , Eswara Prasad
Tables: 85
Charts: 19
  • Formats*:

  • Single User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the High Voltage Cable Market

Request Now !

High Voltage Cable Market Outlook - 2027

The global high voltage cables market size was valued at $14.6 billion in 2019, and is projected to reach $23.4 billion by 2027, registering a CAGR of 6.0% from 2020 to 2027. High voltage cable (HVC) are cables used for electric power transmission at high voltages over long distances. In general, there are three types of installation of HVCs: overhead, underground, and submarine. Underground cables are preferable due to their application in various industries such as power utilities, oil & gas, and mining. High voltage cable market growth is driven by growing infrastructure. Numerous huge infrastructure projects have started in the past few years in developing countries such as China, Japan, India, and Dubai. These infrastructure projects include commercial and residential buildings such as offices, shopping malls, apartments, theaters, and parks. These projects require a large number of HVCs to deliver power, which supplements the growth of the market. Government initiatives and investments have also fueled the growth of the market. 

Countries across the world are creating off shore power projects to fulfill the increased demand of electricity. The Japanese government is constructing a floating wind farm, twelve miles away from sea cost and is expected to install 140 floating wind turbines by 2020. In addition, the China Ship Building Industry Corporation is constructing floating nuclear power plant in South China Sea and is expected to be completed by 2018. These projects ensure increase in demand forall three types of HVCs during the forecast period as they are located in oceans and river basins.

High-Voltage-Market-2020-2027

The high voltage cable market analysis is done based on type, end user, and region. Based on type, the market is divided into overhead, underground, and submarine. Among the three types of cable, the underground HVC segment holds significant share in the global high voltage cables market, owing to its high accuracy in terms of power loss as compared to overhead cables. However, the submarine cable is expected to witness the fastest growth during the forecast period. Overhead HVCs are expected to witness a decline during the forecast period as they have high power loss, a shabby look, and frequent fault occurrence; they are estimated to be replaced by underground cables in five to six years. Nexans signed a sales agreement with Energinet.dk to replace 500km of overhead cables with underground cables in Denmark. 

High Voltage Cable Market
By Installation

Your browser does not support the canvas element.

Submarine is projected as the most lucrative segment.

Get more information on this report : Request Sample Pages

The end user segment is further bifurcated into the industrial, renewable energy, and infrastructure segments. The industrial segment includes power utilities, oil & gas, mining, chemical & petrochemical, and others (paper & pulp, wastewater treatment, manufacturing, and cement industry); the renewable energy segment is divided into hydro, wind, and others (solar, geothermal, and tidal); and the infrastructure segment is divided into commercial and residential. 

High Voltage Cable Market
By End-use

Your browser does not support the canvas element.

Infrastructure is projected as the most lucrative segment.

Get more information on this report : Request Sample Pages

Based on geography, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific was the highest revenue-generating region in 2015 and is likely to be the fastest growing region duringthe forecast period. China and Japan together accounted for around 75% of the total Asia-Pacific market. From the growth perspective, China and Japan are also the two potential markets, expected to witness considerably higher growth rates duringthe forecast period. In Asia-Pacific, China is the leading energy producer among different countries as China produced 5,810,500 GWh of electricity, which required large number of HVC for electricity transmission. Numerous leading players are entering into HVC market in Asia-Pacific. For instance, the General Cable Technology Corporation signed sales agreement with MM logistics Co. Ltd. to sell its Asia-Pacific operation to MM logistics.

High Voltage Cable Market
By Region

2027
Asia-pacific 
North America
Europe
Lamea

LAMEA is expected to grow with a CAGR of 7.4% during the forecast period.

Get more information on this report : Request Sample Pages

The global high voltage cable market comprises players such as PrysmianGroup, Dubai Cable Company Pvt. Ltd., NKT Cables, Nexans, South wire Company, LLC, and Sumitomo Electric Industries, Ltd. that hold significant high voltage cable market share. These players have been adopting various strategies to gain higher share or to retain leading positions in the market. Top winning strategies are analyzed by performing a thorough study of the leading players in the textile dyes market. Comprehensive analysis of recent developments and growth curves of various companies help understand the growth strategies adopted by them and their potential effect on the market.

Key benefits for stakeholders

  • The report provides extensive qualitative and quantitative analyses of the current high voltage cable market trends and future estimations of the market size from 2019 to 2027 to determine the prevailing opportunities.

  • Comprehensive analysis of factors that drive and restrict the growth of the high voltage cables market size is provided.

  • Estimations and forecast are based on factors impacting the market growth, in terms of both value and volume.

  • Profiles of leading players operating in the high voltage cables market has been provided, and this helps in understanding the competitive scenario.

  • The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth.

  • The high voltage cable market forecast is done from 2020-2027.

High Voltage Cable Market Report Highlights

Aspects Details
By Installation
  • Overhead
  • Underground
  • Submarine
By End User
  • Industrial
    • Power Utilities
    • Oil & gas
    • Mining
    • Chemical & petrochemical
    • Others (paper & pulp, manufacturing, wastewater treatment and cement industry)
  • Renewable Energy
    • Wind
    • Hydropower
    • Others (solar, tidal, and geothermal)
  • Infrastructure
    • Commercial
    • Residential
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, UK, France, Sweden, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle east, Africa)
Key Market Players TELE-FONIKA Kable S.A., Prysmian group, Dubai Cable Company Pvt. Ltd., NKT Cables, Nexans, Southwire Company, LLC, Sumitomo Electric Industries, Ltd., Siemens AG, TBEA Co. Ltd., HITACHI, LTD.
 

Loading Table Of Content...


 
 

The major factors that fuel the demand for HVCs are growing industrialization, urbanization, upgradation of power grids, and increase in the number of power plants of renewable energy resources. The industries like oil and gas, mining, power utilities, and chemicals have invested in the development of infrastructure to accommodate the increased power transmission requirements. Power grids in the various, developed countries of North America and Europe have become less efficient with time; the grid infrastructure needs to be upgraded so that a continuous power supply can be provided and power shortages can be avoided. The demand of HVCs is expected to grow significantly due to new, mega-projects being planned and built. Dubai has invested around $14 billion to generate 5,000MW of solar power project by 2030. With these and many more projects in the pipeline, the demand for HVCs is expected to grow by leaps and bounds in the near future. 

The leading players such as ABB, Prysmian Group, General Cables Technologies Corporation, NKT Cables, and Nexans are working on new technologies to make the transmission through HVC even more efficient. Itaipu systems in Latin America has installed line-commutated current source convertors on 6,300MW lines. These technological advancements sometimes require replacing old cables with new ones, which drives the demand for the HVC market. In addition, the prominent players of the market are expected to increase their reach in markets all across the globe, with collaborations, product launches, and acquisitions.
 

PURCHASE OPTIONS

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

A. The global high voltage cable market is projected to reach $23.4 billion by 2027, registering a CAGR of 6.0%.

A. Among the three types of cable, the underground HVC segment holds significant share in the global high voltage cable market, owing to its high accuracy in terms of power loss as compared to overhead cables.

A. To get latest version of high voltage cable market report can be obtained on demand from the website.

A. The market is driven by the industrialization and urbanization in developing countries such as China, Japan, and India. An increased number of renewable energy projects, such as wind and solar power plants, have also supplemented the growth of the HVC market.

A. The global high voltage cables market was valued at $14.6 billion in 2019.

A. The top ten market players are selected based on two key attributes - competitive strength and market positioning

A. The company profiles are analyzed by performing a thorough study of the leading players in the high voltage cable market. Comprehensive analysis of recent developments and growth curves of various companies help to understand the growth strategies adopted by them and their potential effect on the market.

A. One of the restraints associated with the HVC market is the volatile pricing of metals such as copper and aluminum. However, growth in investment for smart grid technology and increase in the number of offshore power projects in developing countries are expected to create numerous opportunities for the growth of the HVC market.

A. The strategies such as expansion, product launch, acquisition, partnership & collaboration, and agreement are prominently adopted by leading companies in an effort to expand their product offerings.

A. High Voltage cables are used for bulk power transmission and distribution applications in various end-user industries such as mining, power utilities, and cement industries

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS
 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

Download Free Sample

OR

Purchase Full Report of
High Voltage Cable Market

Start reading instantly.
This Report and over 18,777+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Apr 2021 - Apr 2022)
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Apr 2021 - Apr 2022)
  • Single User
  • $5,769
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Apr 2021 - Apr 2022)
  • Five Users
  • $6,450
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Apr 2021 - Apr 2022)
  • Enterprise
    License/PDF

  • $10,995
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Apr 2021 - Apr 2022)
  • Library
    Membership

  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers