0
2021
Power Cable Market

Power Cable Market

by Installation Type (Overhead, Underground, and Submarine), Voltage (Low, Medium, and High), and End Use (Residential, Commercial, Industrial, and Utilities): Global Opportunity Analysis and Industry Forecast, 2021-2030
Update Available On-Demand

Report Code: A05518
Pages: 264
Aug 2021 | 8043 Views
Author(s) : Shantanu Sachan , Vineet Kumar
Tables: 132
Charts: 94
  • 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 Power Cable Market

Request Now !

The global power cable market size was valued at $143.01 billion in 2020, and is projected to reach $262.54 billion by 2030, registering a CAGR of 6.5%. 

A power cable is an electrical cable used for transmission and distribution of electrical energy. It is an assembly of one or more electrical conductors, generally joined together with an over sheath. Such cables may be installed as permanent wiring within buildings, run overhead, buried in the ground, or exposed. It primarily consists of three main components, such as conductor, dielectric, and sheath. It transmits high voltages to the places where overhead lines are unfeasible to use such as, the sea and airfield crossing.

Power-Cable-Market

Rise in trend of renewable energy generation around the globe drives the global power cable market growth. Encouraging policies and initiatives of various governments and incentives have led to a considerable increase in the share of renewables as well as alternative sources of energy. In addition, increase in deployment of new power grid infrastructure boosts the growth of the power cable market size. For instance, developing countries are experiencing limited availability of power grid infrastructure to transfer electricity; hence, governments in such countries are concentrating on establishing safe power grid infrastructure.

By region, the power cable market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for a major share of the global market in 2020 and is expected to dominate the market in terms of revenue during the forecast period, owing to presence of leading manufacturers of power cables in the region. In addition, the demand for electricity has experienced significant growth in the region due to increase in population as well as urbanization across the countries such as China, India, Japan, and South Korea.

Europe accounts for the second largest share in the global power cable market and is expected to witness significant growth during the forecast period. Increase in adoption of renewable energy, rise in switch from overhead lines to underground lines, and replacement of older grid infrastructure in the European region fuels the demand for power cable.

The key players profiled in the power cable market report include Prysmian Group, ABB, Nexans, General Cable, NKT Cable, Encore Wire Corporation, Finolex Corporation, Brugg Cables, Riyadh Cable Group Company, Polycab India, and KEI Industries. Market players have adopted various strategies such as product launch, collaboration & partnership, joint venture, and acquisition to expand their foothold in the power cable industry.

Power Cable Market
By Installation Type

Your browser does not support the canvas element.

Overhead segment is projected as one of the most lucrative segments.

Get more information on this report : Request Sample Pages

Top Impacting Factors

The significant factors impacting the power cable market growth include rise in trend of renewable energy generation around the globe and increase in deployment of new power grid infrastructure. For instance, rise in number of developing countries are experiencing limited availability of power grid infrastructure to transfer electricity; hence, governments in such countries are concentrating on establishing safe power grid infrastructure. Furthermore, surge in implementation of smart grids boosts the growth of the electrical cable market. However, the complexity in deployment planning of power cable along with the delays in authorization from governments may hamper growth of the market during forecast period. On the contrary, upsurge in demand for power all over the world creates lucrative growth opportunities for the power cable market growth.

Covid-19 Impact Analysis

The global power cable industry has been significantly impacted by the COVID-19 outbreak. The production facilities of the electronics and semiconductors have been halted, owing to the slowdown and unavailability of the workforce across the globe. COVID-19 outbreak has caused a significant and protracted drop in manufacturing utilization, and travel bans & facility closures kept workers out of their factories, which led to slowdown in the growth of the power cable market revenue in 2020. 

Power Cable Market
By Application

Your browser does not support the canvas element.

Commercial segment is expected to secure leading position during forecast period.

Get more information on this report : Request Sample Pages

The Asian and European countries under lockdowns have suffered major loss of business and revenue, due to the shutdown of manufacturing units in the region. The operations of the production and manufacturing industries have been heavily impacted by the outbreak of the COVID-19 disease; thereby, leading to slowdown in the growth of the electrical cable market in 2020.  

However, the negative impact of COVID-19 on the power cable market is expected to be there for a short period of time, and by early 2021 the market is anticipated to observe robust recovery rate along with the extensive demand for power cable products post pandemic. This is due to the fact that a rise in number of market players are reassessing their strategies and coming up with quick responses to stabilize their supply chain. 

Power Cable Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific would exhibit the highest CAGR of 7.2% during 2021-2030

Get more information on this report : Request Sample Pages

Key Benefits For Stakeholders

  • This study comprises analytical depiction of the global power cable market size along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall power cable market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current power cable market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and the Power Cable market share of key vendors.
  • The report includes the electrical cable market trends and the market share of key vendors.

Key Market Segments

By Installation Type

  • Overhead
  • Underground
  • Submarine

By Voltage

  • Low
  • Medium
  • High

By End Use

  • Residential
  • Commercial
  • Industrial
  • Utilities

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China 
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East 
    • Africa

Key Players

  • Prysmian Group
  • ABB
  • Nexans
  • General Cable
  • NKT Cable
  • Encore Wire Corporation
  • Finolex Corporation
  • Brugg Cables
  • Riyadh Cable Group Company
  • Polycab India
  • KEI Industries
 

Loading Table Of Content...


 
 

The power cable market is projected to depict a prominent growth during the forecast period, owing to various factors, such as rise in trend of renewable energy generation around the globe and increase in deployment of new power grid infrastructure. Moreover, surge in implementation of smart grids boosts the growth of the market. However, the complexity in deployment planning of power cable along with the delays in authorization from governments is projected to hamper the growth of the market during the forecast period. On the contrary, upsurge in demand for power all over the world creates lucrative growth opportunities for the market growth.

Vendors operating in the market are offering advanced power cables due to the competition. Also, rise in investment trend among the various countries for the development and transmission of green energy around the globe fuels the growth of the market. For instance, in July 2020, The UK’s National Grid and Denmark’s Energinet has initiated to work on the world’s longest subsea power cable. The Viking Link project, a 765 km cable, is being built which will run between the UK and Denmark to share green energy between the two countries.

Various leading manufacturers such as Prysmian Group, ABB, Nexans, General Cable, NKT Cable, Encore Wire Corporation, Finolex Corporation, Brugg Cables, Riyadh Cable Group Company, Polycab India, and KEI Industries occupy a prominent revenue share in the power cable market.

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

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

 

FREQUENTLY ASKED
QUESTIONS?

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

Download Free Sample

OR

Purchase Full Report of
Power Cable Market

Start reading instantly.
This Report and over 18,744+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,713
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Aug 2022 - Aug 2023)
  • Data Pack
  • $4,126
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Aug 2022 - Aug 2023)
  • Single User
  • $5,770
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Aug 2022 - Aug 2023)
  • Five Users
  • $6,930
  • 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
    (Aug 2022 - Aug 2023)
  • Enterprise
    License/PDF

  • $10,665
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Aug 2022 - Aug 2023)
  • 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