High Voltage Cables Market – Global Industry Analysis and Forecast (2023-2029)

High Voltage Cables Market was valued US$ 39.2 Bn in 2022 and is expected to reach US$ 58.9 Bn by 2029, at a CAGR of 6% during a forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region

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Increasing the demand of high voltage cable owing to rising industrialization, quick urbanization, up gradation of outmoded power grids, and surge in number of power plants for renewable energy resource conversion are driving the growth in the Global high voltage cables market. Enlarged demand for the efficient transmission system, offshore wind farms, implementation of smart grid technology by consumers are fueling the demand for the high voltage cables. Furthermore, convoluted project planning, delay in endorsement procedures, funding contractions are some factors hampering the growth of the global high voltage cable market.

Global high voltage cables market is segmented by type, end user and geography. Based on the type, Global high voltage cables market is sub segmented into overhead, underground, submarine. End user segment is sub segmented into industrial, renewable energy, infrastructure. Based on region, the Global high voltage cables market is segmented by Europe, North America, Asia Pacific, Latin America, and Middle East and Africa.

Underground cable segment is estimate to hold xx% growth in the Global high voltage cables market. Underground cables are more favored among alternative products owing to their extensive application in various industries such as power utilities, oil & gas, and mining. Furthermore, submarine cables are expected to grow significantly during the forecast period.

The growth of these cables are accredited to the, new initiate places in ocean for oil and gas excavation, and formation of new tidal power plants. The high voltage cable used in offshore power projects and oil & gas industry and it offers various reasonable recompenses over other cables such as presence of extra shield, armor, and protection & bedding.

Asia-Pacific is expected to dominate the growth in Global high voltage cables market, followed by Europe and North America. China is sharing the market nearly about XX% revenue share of the overall Asia-Pacific region in the Global high voltage cables market owing to its strong layout of transmission plans.

Some of the major key players in the Global high voltage cables market includes Encore Wire Corporation, Brugg Kabel AG, Sumitomo Electric Industries, Ltd., Siemens Ag, Tele-Fonika Kable S.A., Dubai Cable Company Pvt. Ltd, Kerite, General Cable Corporation, Finolex , Cable Corporation of India Ltd, prysmian SpA , Nexans, NKT Cables, Brugg Cables, Leoni, Southwire and TPC Wires & Cable Corporation.

The objective of the report is to present a comprehensive analysis of the Global High Voltage Cables Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors in the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global High Voltage Cables Market dynamics, structure by analyzing the market segments and project the Global High Voltage Cables Market size. Clear representation of competitive analysis of key players by End-User Industry, price, financial position, Product portfolio, growth strategies, and regional presence in the Global High Voltage Cables Market make the report investor’s guide.
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High Voltage Cables Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 39.2 Bn.


Forecast Period 2023 to 2029 CAGR:
6%
Market Size in 2029:
US $ 58.99 Bn.


 Segments Covered:
by Voltage
< 110kV
110kV - 220kV
>220kV


by Type
Overhead
Underground
Submarine


by Current
HVAC
HVDC


by End-User
Industrial
Renewable energy
Infrastructure



high voltage cables market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
high voltage cables market Key players:
1 .Encore Wire Corporation
2. Brugg Kabel AG
3. Sumitomo Electric Industries, Ltd.
4. Siemens Ag
5. Tele-Fonika Kable S.A.
6. Dubai Cable Company Pvt. Ltd
7. Kerite
8. General Cable Corporation
9. Finolex
10. Cable Corporation of India Ltd
12. prysmian SpA
13. Nexans
14. NKT Cables
15. Brugg Cables
16. Leoni
17. Southwire
18. TPC Wires & Cable Corporation.
19. Norddeutsche Seekabelwerke (NSW)
20. TF Cable Americas
22. ABB Ltd
23. Dubai Cable Company Pvt. Ltd.
24. Baosheng High Voltage Cable Co. Ltd.
25. Tianjin Suli Cable Group
26. LS Cable & System Ltd.
27. El Sewedy Electric Company

Frequently Asked Questions:

1. What is the growth rate of Global High voltage cables Market?
Ans: The Global High voltage cables Market is growing at a CAGR of 6% during forecasting period 2023-2029.

2. What is scope of the Global High voltage cables market report?
Ans: Global High voltage cables Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

3. Who are the key players in Global High voltage cables market?
Ans: The important key players in the Global High voltage cables Market are – Encore Wire Corporation, Brugg Kabel AG, Sumitomo Electric Industries, Ltd., Siemens Ag, Tele-Fonika Kable S.A., Dubai Cable Company Pvt. Ltd, Kerite, General Cable Corporation, Finolex, Cable Corporation of India Ltd, prysmian SpA, Nexans, NKT Cables, Brugg Cables, Leoni, Southwire, TPC Wires & Cable Corporation., Norddeutsche Seekabelwerke (NSW), TF Cable Americas, ABB Ltd, Dubai Cable Company Pvt. Ltd., Baosheng High Voltage Cable Co. Ltd., Tianjin Suli Cable Group, LS Cable & System Ltd., and El Sewedy Electric Company

4. What is the study period of this market?
Ans: The Global High voltage cables Market is studied from 2022 to 2029.