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High Voltage Cable Market by Installation and End User: Global Opportunity Analysis and Industry Forecast, 2020-2027

  • ID: 5118773
  • Report
  • April 2020
  • Region: Global
  • 197 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • Nexans
  • NKT Cables
  • PrysmianGroup
  • South wire Company LLC
  • MORE
The global high voltage cable market 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) is used for electric power transmission at high voltage over long distances, to meet the electricity demand at the respective loads. The high voltage cable market is largely driven by ongoing industrialization and urbanization in developing countries such as China, Japan, and India.



Moreover, an increased number of renewable energy projects such as wind and solar power plants have supplemented the growth of the HVC market. Furthermore, these cables offer several advantages such as the presence of an additional insulation jacket that minimizes power loss, and enhanced stability in comparison to other cables. HVCs are widely used in overhead lines, underground cables, and submarine cables. However, volatile prices of metals such as copper and aluminum adversely impact market growth. Growing investments in smart grid technology and the increasing number of offshore power projects in developing countries are further expected to create numerous opportunities for the growth of the HVC market in the years to come.

Prominent strategies such as expansion, product launch, acquisition, partnership & collaboration, and agreement are adopted by leading market players in an effort to expand their product offerings and widen their market reach. The prominent players such as ABB, Prysmian Group, Nexans, NKT Cables, and General Cable Technologies Corporation are analyzed in the report in an effort to gain an insight into their performance and developments. The high voltage cable market is highly concentrated, as the top five players account for 60% share of the overall HVC market revenue.

The high voltage cable market is segmented on the basis of type, end user, and region. Based on type, the market is divided into overhead, underground, and submarine. On the basis of end user, the market is divided into industrial (oil & gas, mining, power utilities, chemical & petrochemical, and others), renewable (wind, hydropower, and others), and infrastructure (commercial and residential). On the basis of region, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. North America is divided into the U.S., Mexico, and Canada; whereas, Europe is further segmented into Italy, Sweden, Germany, France, and rest of Europe. The countries covered under Asia-Pacific are China, India, Japan, South Korea, and rest of Asia-Pacific. LAMEA includes Latin America, the Middle East, and Africa.

The major companies profiled in the report include 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. (TBEA), and Hitachi, Ltd.

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 market is provided.
  • Estimations and forecasts are based on factors impacting market growth, in terms of both value and volume.
  • Profiles of leading players operating in the high voltage cable 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.
KEY MARKET SEGMENTS

By Installation
  • Overhead
  • Underground
  • Submarine
By End User
  • Industrial
  • Oil & gas
  • Mining
  • Power Utilities
  • Chemical & Petrochemical
  • Other (Paper & Pulp, Manufacturing, Wastewater Treatment, and Cement Industry)
  • Renewable Energy
  • Wind
  • Hydropower
  • Other (Tidal, Solar, and Geothermal)
  • Infrastructure
  • Commercial
  • Residential
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Italy
  • Germany
  • Sweden
  • France
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle east
  • Africa
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Nexans
  • NKT Cables
  • PrysmianGroup
  • South wire Company LLC
  • MORE
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models

Chapter 2: Executive Summary
2.1. Cxo Perspective

Chapter 3: Market Landscape
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Porter's Five Forces Analysis
3.3. Impact of Government Regulations on the Global High Voltage Cable Market
3.4. Patent Analysis
3.4.1. By Region (2012-2019)
3.5. Value Chain Analysis
3.5.1. Raw Material Suppliers
3.5.2. Procurement
3.5.3. Manufacturer
3.5.4. Research and Development
3.5.5. Dealer and Distributer
3.5.6. End-user
3.6. Market Dynamics
3.6.1. Drivers
3.6.1.1. Industrialization and Urbanization in Developing Countries
3.6.1.2. Increasing Number of Infrastructure in Developing Countries
3.6.1.3. Growing Investment in Smart Grid Technology
3.6.2. Restraints
3.6.2.1. Volatile Prices of Metals Such as Copper and Aluminum
3.6.3. Opportunities
3.6.3.1. Expanding Offshore Power Projects in Developing Countries

Chapter 4: High Voltage Cable Market, by Installation
4.1. Overview
4.2. Overhead
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Market Share Analysis, by Country
4.3. Underground
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market Share Analysis, by Country
4.4. Submarine
4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Size and Forecast, by Region
4.4.3. Market Share Analysis, by Country

Chapter 5: High Voltage Cable Market, by End-User
5.1. Overview
5.1.1. Market Size and Forecast
5.2. Industrial
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast, by Region
5.2.3. Power Utilities
5.2.4. Oil & Gas
5.2.5. Mining
5.2.6. Chemical & Petrochemical
5.2.7. Others (Paper & Pulp, Manufacturing, Wastewater Treatment and Cement Industry)
5.3. Renewable Energy
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Wind Energy
5.3.4. Hydropower
5.3.5. Others (Solar, Tidal, and Geothermal)
5.4. Infrastructure
5.4.1. Key Market Trends, Growth Factors, and Opportunities
5.4.2. Market Size and Forecast, by Region
5.4.3. Commercial
5.4.4. Residential

Chapter 6: High Voltage Cable Market, by Region
6.1. Overview
6.1.1. Market Size and Forecast
6.2. North America
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, by Installation
6.2.3. Market Size and Forecast, by End-User
6.2.4. Market Share Analysis, by Country
6.2.5. U. S.
6.2.5.1. Market Size and Forecast, by Installation
6.2.5.2. Market Size and Forecast, by End-User
6.2.6. Canada
6.2.6.1. Market Size and Forecast, by Installation
6.2.6.2. Market Size and Forecast, by End-User
6.2.7. Mexico
6.2.7.1. Market Size and Forecast, by Installation
6.2.7.2. Market Size and Forecast, by End-User
6.3. Europe
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, by Installation
6.3.3. Market Size and Forecast, by End-User
6.3.4. Market Share Analysis, by Country
6.3.5. Germany
6.3.5.1. Market Size and Forecast, by Installation
6.3.5.2. Market Size and Forecast, by End-User
6.3.6. UK
6.3.6.1. Market Size and Forecast, by Installation
6.3.6.2. Market Size and Forecast, by End-User
6.3.7. France
6.3.7.1. Market Size and Forecast, by Installation
6.3.7.2. Market Size and Forecast, by End-User
6.3.8. Sweden
6.3.8.1. Market Size and Forecast, by Installation
6.3.8.2. Market Size and Forecast, by End-User
6.3.9. Rest of Europe
6.3.9.1. Market Size and Forecast, by Installation
6.3.9.2. Market Size and Forecast, by End-User
6.4. Asia-Pacific
6.4.1. Key Market Trends, Growth Factors, and Opportunities
6.4.2. Market Size and Forecast, by Installation
6.4.3. Market Size and Forecast, by End-User
6.4.4. Market Share Analysis, by Country
6.4.5. China
6.4.5.1. Market Size and Forecast, by Installation
6.4.5.2. Market Size and Forecast, by End-User
6.4.6. Japan
6.4.6.1. Market Size and Forecast, by Installation
6.4.6.2. Market Size and Forecast, by End-User
6.4.7. India
6.4.7.1. Market Size and Forecast, by Installation
6.4.7.2. Market Size and Forecast, by End-User
6.4.8. South Korea
6.4.8.1. Market Size and Forecast, by Installation
6.4.8.2. Market Size and Forecast, by End-User
6.4.9. Rest of Asia-Pacific
6.4.9.1. Market Size and Forecast, by Installation
6.4.9.2. Market Size and Forecast, by End-User
6.5. LAMEA
6.5.1. Key Market Trends, Growth Factors, and Opportunities
6.5.2. Market Size and Forecast, by Installation
6.5.3. Market Size and Forecast, by End-User
6.5.4. Market Share Analysis, by Country
6.5.5. Latin America
6.5.5.1. Market Size and Forecast, by Installation
6.5.5.2. Market Size and Forecast, by End-User
6.5.6. Middle East
6.5.6.1. Market Size and Forecast, by Installation
6.5.6.2. Market Size and Forecast, by End-User
6.5.7. Africa
6.5.7.1. Market Size and Forecast, by Installation
6.5.7.2. Market Size and Forecast, by End-User

Chapter 7: Competitive Landscape
7.1. Introduction
7.1.1. Market Player Positioning, 2019
7.2. Competitive Heat Map
7.3. Key Developments

Chapter 8: Company Profiles
8.1. Tele-Fonika Kable S. A.
8.1.1. Company Overview
8.1.2. Company Snapshot
8.1.3. Product Portfolio
8.2. Prysmian Group
8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Operating Business Segments
8.2.4. Product Portfolio
8.2.5. Business Performance
8.2.6. Key Strategic Moves and Developments
8.3. Dubai Cable Company Pvt. Ltd.
8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Operating Business Segments
8.3.4. Product Portfolio
8.4. Nkt Cables
8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Product Portfolio
8.4.4. Business Performance
8.4.5. Key Strategic Moves and Developments
8.5. Nexans
8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Operating Business Segments
8.5.4. Business Performance
8.6. Southwire Company, LLC
8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Product Portfolio
8.7. Sumitomo Electric Industries, Ltd.
8.7.1. Company Overview
8.7.2. Company Snapshot
8.7.3. Product Portfolio
8.7.4. Business Performance
8.8. Siemens AG
8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Operating Business Segments
8.8.4. Product Portfolio
8.8.5. Business Performance
8.9. Tbea Co. Ltd.
8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Product Portfolio
8.10. Hitachi, Ltd.
8.10.1. Company Overview
8.10.2. Company Snapshot
8.10.3. Operating Business Segments
8.10.4. Product Portfolio
8.10.5. Business Performance
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Nexans
  • NKT Cables
  • PrysmianGroup
  • South wire Company LLC
  • MORE
According to the report titled 'High Voltage Cable Market by Installation and End User : Opportunity Analysis and Industry Forecast, 2020-2027', the global high voltage cable 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 cables are used to transfer electricity from power plants to power grids, or directly to industries at a very high voltage. 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 high voltage cables market growth. One of the restraints associated with the HVC market is the volatile pricing of metals such as copper and aluminum. However, growth in investments 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. Asia-Pacific was the highest revenue contributor in the high voltage csable market and is estimated to grow at a CAGR of 7.0%.

Based on type, the high voltage cable market is segmented into overhead, underground, and submarine. The underground and submarine segments collectively accounted for around 89.7% market share in 2019, with the former constituting around 51.5% share. The submarine and underground segments are expected to witness significant CAGRs of 7.3% and 5.5%, respectively, during the forecast period. The cumulative share of these two segments was 89.7% in 2019, and is anticipated to reach 91.6% by 2027.

The industrial, renewable energy, and infrastructure sectors are considered as the end user of HVC. The industrial and renewable energy segments collectively accounted for around 84.6% market share in 2019, with the former constituting around 43.4% share. The infrastructure and renewable energy segments are expected to witness significant CAGRs of 7.9% and 6.9%, respectively, during the forecast period. The cumulative high voltage cable market share of these two segments was 56.6% in 2019, and is anticipated to reach 61.9% by 2027.

Based on geography, the high voltage cables market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific and Europe collectively accounted for around 68.6% share in 2019, with the former constituting around 43.7% share. LAMEA and Asia-Pacific are expected to witness considerable CAGRs of 7.4% and 7.0%, respectively, during the forecast period. The cumulative share of these two segments was 54.3% in 2019, and is anticipated to reach 58.9% by 2027.

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. Key players operating in the global high voltage cable industry are ABB, Prysmian Group, Nexans, Nkt Cables, the General Cable Technologies Corporation, and a few others are analyzed in this report to gain an idea about their winning strategies. The high voltage cable market is concentrated, as top five players account for 60% share of the overall HVC market. Among the top five players of HVC market, the Prysmian Group dominated the market in 2015, occupying 25% of the total market share; followed by the ABB group, which claimed 22% of the total market capital.

Key Findings Of The Study

The underground and submarine segments collectively accounted for around 89.7% market share in 2019, with the former constituting around 51.5% share.
Asia-Pacific and Europe collectively accounted for around 68.1% share of the industrial high voltage cable market in 2019, with the former constituting around 44.8% share.
The Asia-Pacific and Europe collectively accounted for around 68.6% share in 2019, with the former constituting around 43.7% share.
LAMEA and Asia-Pacific are expected to witness considerable CAGRs of 7.4% and 7.0%, respectively, during the forecast period.
Note: Product cover images may vary from those shown
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  • PrysmianGroup
  • Dubai Cable Company Pvt. Ltd.
  • NKT Cables
  • Nexans
  • South wire Company LLC
  • Sumitomo Electric Industries Ltd
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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