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Europe Medium Voltage Cable Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Installation Type and End-Users

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    Report

  • 141 Pages
  • February 2021
  • Region: Europe
  • The Insight Partners
  • ID: 5295190
UP TO OFF until Mar 31st 2024
Energy and Power Segment to Dominate Europe Medium Voltage Cable Market during 2019-2027

According to a new market research study on “Europe Medium Voltage Cable Market to 2027 - COVID-19 Impact and Regional Analysis and Forecast by Installation Type and End-Users,” is expected to reach US$ 6,595.3 million by 2027 from US$ 4,721.7 million in 2019. The market is estimated to grow at a CAGR of 5.53 % from 2020 to 2027. The report provides trends prevailing in the Europe medium voltage cable market along with the drivers and restraints pertaining to the market growth. Increment in renewable energy generation and growing urbanization and industrialization are the major factor driving the growth of the Europe medium voltage cable market. However, availability of bogus cable market hinders the growth of Europe medium voltage cable market.

In case of COVID-19, Europe is highly affected specially the UK. The construction industry in Europe suffered one of the biggest drops in activities after the building sites were closed. The supply of safety equipment and workers was disrupted due to the pandemic. The drop in the region's construction activities has directly affected the sales of the medium voltage cable products in Europe. Due to the decline in construction, the medium voltage cable market will witness an abrupt downturn in 2020. Further, countries in the region, including Germany, UK, France, and Belgium, have witnessed a second wave of the virus and have announced lockdown for the second time in November 2020. The situation amid the COVID-19 pandemic is extraordinary, which is anticipated to hamper the market's growth. Also, demand for medium voltage cables from certain countries, such as Germany and the Netherlands, was positive during the first half of 2020, owing to grid optimization activities. Furthermore, the Danish market also noticed positive demand in Q3, 2020. Additionally, demand in the Czech Republic declined due to a slowdown in construction activities and the UK due to government restrictions on several industries' operations. Overall, the demand for medium voltage power cables in the region is expected to be driven by expanding the approved pan-European grid.

The Europe medium voltage cable market is segmented based on installation type, end-users, and country. The installation type segment is further categorized into underground cable and assemblies, overhead cable and accessories, and submarine cables and accessories. The overhead cable and accessories segment dominated the market and is expected to witness the highest growth during the forecast period. The overhead cables are less expensive, easy to deploy, and require less maintenance. Thus, their deployment is high, wherein cost is a major factor for contractors is predominant. Growth of submarine segment is propelled by the rising deployment of submarine cables in off-shore projects across Europe. By end-users, market is segmented into the oil and gas, energy and power, mining, manufacturing, transportation, commercial, and residential. The energy and power segment holds the largest market share in 2019 owing to rising investments in electricity distribution and development of smart grids as well as renewable energy plants. The oil and gas segment is expected to be fastest growing during forecast period.

Alpha Wire; BRUGG Group AG; Cleveland Cable Company; Furukawa Electric Co. Ltd.; General Cable Technologies Corporation; LEONI AG; LS Cable & System Ltd.; Nexans; Prysmian Group; Sumitomo Electric Industries, Ltd. are among the leading companies in the Europe medium voltage cable market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Nexans will play a key role in the UK’s energy transition with a contract worth around €20 million to supply specialized nuclear cables for the Hinkley Point C new nuclear power station. Over a six-year contract, Nexans will design and manufacture a total of 3,000 kilometers of cables developed to ensure safety, reliability and long life.

The report segments the Europe Medium Voltage Cable Market as follows:

Europe Medium Voltage Cable Market - By Installation Type
  • Overhead Cables and Accessories
  • Underground Cables and Assemblies
  • Submarine Cables and Accessories

Europe Medium Voltage Cable Market - By End-Users
  • Oil and Gas
  • Energy and Power
  • Mining
  • Manufacturing
  • Transportation
  • Commercial
  • Residential

Europe Medium Voltage Cable Market - By Country
  • Germany
  • France
  • Italy
  • UK
  • Russia
  • Rest of Europe


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Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Medium Voltage Cable Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Medium Voltage Cable Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Urbanization and Industrialization
5.1.2 Increment in Renewable Energy Generation
5.2 Market Restraints
5.2.1 Availability of Bogus Cable Market
5.3 Market Opportunities
5.3.1 Locating New Oil & Gas Reserves
5.4 Future Trends
5.4.1 Upgradation in the Cable Technology
5.5 Impact Analysis of Drivers and Restraints
6. Medium Voltage Cable Market- Europe Analysis
6.1 Europe Medium voltage cable Market Overview
6.2 Europe Medium Voltage Cable Market- Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning - Five Key Players
7. Europe Medium Voltage Cable Market Analysis - by Installation Type
7.1 Overview
7.2 Europe Medium Voltage Cable Market, by Installation Type (2019 and 2027)
7.3 Overhead Cables and Accessories
7.3.1 Overview
7.3.2 Overhead Cables and Accessories: Medium Voltage Cable Market - Revenue and Forecast to 2027 (US$ Million)
7.4 Underground Cables and Accessories
7.4.1 Overview
7.4.2 Underground Cables and Accessories: Medium Voltage Cable Market - Revenue and Forecast to 2027 (US$ Million)
7.5 Submarine Cables and Accessories
7.5.1 Overview
7.5.2 Submarine Cables and Accessories: Medium Voltage Cable Market - Revenue and Forecast to 2027 (US$ Million)
8. Europe Medium Voltage Cable Market Revenue and Forecast to 2027 - By End Users
8.1 Overview
8.2 Europe Medium Voltage Cable Market Breakdown, By End Users, 2019 & 2027
8.3 Oil and Gas
8.3.1 Overview
8.3.2 Oil and Gas: Medium Voltage Cable Market - Revenue and Forecast to 2027 (US$ Million)
8.4 Energy and Power
8.4.1 Overview
8.4.2 Energy and Power: Medium Voltage Cable Market - Revenue and Forecast to 2027 (US$ Million)
8.5 Mining
8.5.1 Overview
8.5.2 Mining: Medium Voltage Cable Market - Revenue and Forecast to 2027 (US$ Million)
8.6 Manufacturing
8.6.1 Overview
8.6.2 Manufacturing: Medium Voltage Cable Market - Revenue and Forecast to 2027 (US$ Million)
8.7 Transportation
8.7.1 Overview
8.7.2 Transportation: Medium Voltage Cable Market - Revenue and Forecast to 2027 (US$ Million)
8.8 Commercial
8.8.1 Overview
8.8.2 Commercial: Medium Voltage Cable Market - Revenue and Forecast to 2027 (US$ Million)
8.9 Residential
8.9.1 Overview
8.9.2 Residential: Medium Voltage Cable Market - Revenue and Forecast to 2027 (US$ Million)
9. Europe Medium Voltage Cable Market - Country Analysis
9.1 Overview
9.1.1 Europe: Medium Voltage Cable Market, by Key Country
9.1.1.1 UK: Medium Voltage Cable Market - Revenue, and Forecast to 2027 (US$ Million)
9.1.1.1.1 UK: Medium Voltage Cable Market, by Installation Type
9.1.1.1.2 UK: Medium Voltage Cable Market, by End User
9.1.1.2 Germany: Medium Voltage Cable Market - Revenue, and Forecast to 2027 (US$ Million)
9.1.1.2.1 Germany: Medium Voltage Cable Market, by Installation Type
9.1.1.2.2 Germany: Medium Voltage Cable Market, by End User
9.1.2 France: Medium Voltage Cable Market - Revenue, and Forecast to 2027 (US$ Million)
9.1.2.1.1 France: Medium Voltage Cable Market, by Installation Type
9.1.2.1.2 France: Medium Voltage Cable Market, by End User
9.1.2.2 Italy: Medium Voltage Cable Market - Revenue, and Forecast to 2027 (US$ Million)
9.1.2.2.1 Italy: Medium Voltage Cable Market, by Installation Type
9.1.2.2.2 Italy: Medium Voltage Cable Market, by End User
9.1.2.3 Russia: Medium Voltage Cable Market - Revenue, and Forecast to 2027 (US$ Million)
9.1.2.3.1 Russia: Medium Voltage Cable Market, by Installation Type
9.1.2.3.2 Russia: Medium Voltage Cable Market, by End User
9.1.2.4 Rest of Europe: Medium Voltage Cable Market - Revenue, and Forecast to 2027 (US$ Million)
9.1.2.4.1 Rest of Europe: Medium Voltage Cable Market, by Installation Type
9.1.2.4.2 Rest of Europe: Medium Voltage Cable Market, by End User
10. Impact of COVID-19 Pandemic on Europe Medium Voltage Cable Market
10.1 Europe: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Market Initiative
11.2 Merger and Acquisition
11.3 New Development
12. Company Profiles
12.1 Cleveland Cable Company
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Alpha Wire
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Prysmian Group
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Nexans
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Sumitomo Electric Industries, Ltd.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 General Cable Technologies Corporation
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Furukawa Electric Co. Ltd.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 LS Cable & System Ltd.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 LEONI AG
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 BRUGG Group AG
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About the Publisher
13.2 Word Index
List of Tables
Table 1. Europe Medium Voltage Cable Market- Revenue and Forecast to 2027 (US$ Million)
Table 2. UK: Medium Voltage Cable Market, by Installation Type -Revenue and Forecast to 2027 (US$ Million)
Table 3. UK: Medium Voltage Cable Market, by End User -Revenue and Forecast to 2027 (US$ Million)
Table 4. Germany: Medium Voltage Cable Market, by Installation Type -Revenue and Forecast to 2027 (US$ Million)
Table 5. Germany: Medium Voltage Cable Market, by End User -Revenue and Forecast to 2027 (US$ Million)
Table 6. France: Medium Voltage Cable Market, by Installation Type -Revenue and Forecast to 2027 (US$ Million)
Table 7. France: Medium Voltage Cable Market, by End User -Revenue and Forecast to 2027 (US$ Million)
Table 8. Italy: Medium Voltage Cable Market, by Installation Type -Revenue and Forecast to 2027 (US$ Million)
Table 9. Italy: Medium Voltage Cable Market, by End User -Revenue and Forecast to 2027 (US$ Million)
Table 10. Russia: Medium Voltage Cable Market, by Installation Type -Revenue and Forecast to 2027 (US$ Million)
Table 11. Russia: Medium Voltage Cable Market, by End User -Revenue and Forecast to 2027 (US$ Million)
Table 12. Rest of Europe: Medium Voltage Cable Market, by Installation Type -Revenue and Forecast to 2027 (US$ Million)
Table 13. Rest of Europe: Medium Voltage Cable Market, by End User -Revenue and Forecast to 2027 (US$ Million)
Table 14. List of Abbreviation
List of Figures
Figure 1. Europe Medium Voltage Cable Market Segmentation
Figure 2. Europe Medium Voltage Cable Market Segmentation - By Country
Figure 3. Europe Medium Voltage Cable Market Overview
Figure 4. Overhead Cables and Accessories Segment Held the Largest Share During Forecast Period
Figure 5. Energy and Power Segment Dominated the Market
Figure 6. Europe Medium Voltage Cable Market, Country Analysis
Figure 7. Europe PEST Analysis
Figure 8. Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. Europe Medium Voltage Cable Market Impact Analysis of Drivers and Restraints
Figure 11. Europe Medium voltage cable Market- Revenue and Forecast to 2027 (US$ Million)
Figure 12. Europe Medium Voltage Cable Market Revenue Share, by Installation Type (2019 and 2027)
Figure 13. Europe Overhead Cables and Accessories: Medium Voltage Cable Market - Revenue and Forecast to 2027 (US$ Million)
Figure 14. Europe Underground Cables and Accessories: Medium Voltage Cable Market - Revenue and Forecast to 2027 (US$ Million)
Figure 15. Europe Submarine Cables and Accessories: Medium Voltage Cable Market - Revenue and Forecast to 2027 (US$ Million)
Figure 16. Europe Medium Voltage Cable Market Breakdown, By End Users, 2019 & 2027
Figure 17. Europe Oil and Gas: Medium Voltage Cable Market - Revenue and Forecast to 2027 (US$ Million)
Figure 18. Europe Energy and Power: Medium Voltage Cable Market - Revenue and Forecast to 2027 (US$ Million)
Figure 19. Europe Mining: Medium Voltage Cable Market - Revenue and Forecast to 2027 (US$ Million)
Figure 20. Europe Manufacturing: Medium Voltage Cable Market - Revenue and Forecast to 2027 (US$ Million)
Figure 21. Europe Transportation: Medium Voltage Cable Market - Revenue and Forecast to 2027 (US$ Million)
Figure 22. Europe Commercial: Medium Voltage Cable Market - Revenue and Forecast to 2027 (US$ Million)
Figure 23. Europe Residential: Medium Voltage Cable Market - Revenue and Forecast to 2027 (US$ Million)
Figure 24. Europe: Medium Voltage Cable Market Revenue Share, by Key Country (2019 and 2027)
Figure 25. UK: Medium Voltage Cable Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 26. Germany: Medium Voltage Cable Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 27. France: Medium Voltage Cable Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 28. Italy: Medium Voltage Cable Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 29. Russia: Medium Voltage Cable Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 30. Rest of Europe: Medium Voltage Cable Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 31. Impact of COVID-19 Pandemic in Europe Country Markets

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Alpha Wire
  • BRUGG Group AG
  • Cleveland Cable Company
  • Furukawa Electric Co. Ltd.
  • General Cable Technologies Corporation
  • LEONI AG
  • LS Cable & System Ltd.
  • Nexans
  • Prysmian Group
  • Sumitomo Electric Industries, Ltd.