FEATURED COMPANIES
- Encore Wire Corporation
- General Cable Corporation
- KEI Industries Limited
- Leoni AG
- Nexans S.A
- NKT
Trends, opportunities and forecast in energy cable market to 2023 by product type (low voltage energy cables and power cables), voltage type (low voltage cables, medium voltage cables, and high voltage cables), end-use industry (utilities, industrial, residential, and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World)
The future of the energy cable market looks attractive with opportunities in the utilities, industrial, residential, and commercial sectors. The global energy cable market is expected to reach an estimated $128.7 billion by 2023 and is forecast to grow at a CAGR of 5.2% from 2018 to 2023. The major growth drivers for this market are growth in electricity consumption due to industrialization, urbanization, electrification of rural areas, and increasing construction activities.
Emerging trends, which have a direct impact on the energy cable dynamics of the industry, include the deployment of superconductors in power cables for improved performance and electron beam cross-linking of power cable for durability and high current carrying capacity.
The study includes the energy cable market size and forecast for the global energy cable market through 2023, segmented by product type, voltage type, end use industries, and region as follows:
Energy Cable Market by Voltage Type [$B shipment analysis for 2012 - 2023]:
- Low Voltage
- Medium Voltage
- High Voltage
Energy Cable Market by End-Use Industries Market [$B shipment analysis for 2012 - 2023]:
- Utilities
- Industrial
- Residential
- Commercial
Energy Cable Market by Product Type [$B shipment analysis for 2012 - 2023]:
- Low Voltage Energy Cables
- Power Cables
Energy Cable Market by Region [$B shipment analysis for 2012 - 2023]:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Russia
- United Kingdom
- Italy
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- The Rest of the World
Some of the energy cable companies profiled in this report include Prysmian Group, Nexans S.A., Leoni AG, NKT S/A, Sumitomo Electric Industries Ltd, Encore Wire Corporation, and Southwire are among the major suppliers of energy cable.
The researchers forecast that low voltage cable is expected to remain the largest segment due to growth in construction as well as the automotive sector, especially in China and India. High voltage cable is expected to witness the highest growth in the forecast period supported by increasing investment on renewable power generation sources and ultra-high voltage transmission lines.
Within the energy cable market, utilities are expected to remain the largest end-use market due to the continuous expansion in electrical infrastructure to fulfill growing electricity demand. The residential segment is expected to witness the highest growth in the forecast period supported by increasing construction activities and increasing demand for heating, cooling, and air-conditioning (HVAC) equipment.
Asia Pacific is expected to remain the largest market and is also expected to witness the highest growth over the forecast period. Economic expansion, industrialization, urbanization, and rural electrification projects, particularly in India and China, are leading the demand for energy cables.
Some of the features of “Energy Cable Market Report: Trends, Forecast, and Competitive Analysis” include:
- Market size estimates: Global energy cable market size estimation in terms of value ($B) shipment.
- Trend and forecast analysis: Market trend (2012-2017) and forecast (2018-2023) by application, and end-use industry.
- Segmentation analysis: Global energy cable market size by various applications such as product, voltage type, end use industries in terms of value and volume shipment.
- Regional analysis: Global energy cable market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth opportunities: Analysis of growth opportunities in different applications and regions of energy cable in the global energy cable market.
- Strategic analysis: This includes M&A, new product development, and competitive landscape of energy cable in the global energy cable market.
- Analysis of the competitive intensity of the industry based on Porter’s Five Forces model.
This report answers the following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the global energy cable market by product type (low voltage energy cables and power cables), voltage type (low voltage cables, medium voltage cables, and high voltage cables), end-use industry (utilities, industrial, residential, and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this energy cable market?
Q.5. What are the business risks and competitive threats in this energy cable market?
Q.6. What are the emerging trends in this energy cable market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the energy cable market?
Q.8. What are the new developments in the energy cable market? Which companies are leading these developments?
Q.9. Who are the major players in this energy cable market? What strategic initiatives are key players pursuing business growth?
Q.10. What are some of the competing products in this energy cable market and how big of a threat do they pose for loss of market share by the material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the energy cable industry?
FEATURED COMPANIES
- Encore Wire Corporation
- General Cable Corporation
- KEI Industries Limited
- Leoni AG
- Nexans S.A
- NKT
1. Executive Summary
*Full List of Tables and Figures Available on Enquiry.
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- Encore Wire Corporation
- General Cable Corporation
- KEI Industries Limited
- Leoni AG
- Nexans S.A
- NKT
- Prysmian Group
- Southwire
- Sumitomo Electric Industries Ltd
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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