Medium Voltage Cables and Accessories: Global Strategic Business Report

Global Medium Voltage Cables and Accessories Market to Reach $78.1 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Medium Voltage Cables and Accessories estimated at US$49.3 Billion in the year 2020, is projected to reach a revised size of US$78.1 Billion by 2027, growing at a CAGR of 6.8% over the analysis period 2020-2027. Underground, one of the segments analyzed in the report, is projected to record a 7.2% CAGR and reach US$36.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Overhead segment is readjusted to a revised 6.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $13.4 Billion, While China is Forecast to Grow at 10.1% CAGR

The Medium Voltage Cables and Accessories market in the U.S. is estimated at US$13.4 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$16.2 Billion by the year 2027 trailing a CAGR of 10% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 6.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$10.4 Billion by the year 2027.

Submarine Segment to Record 6.2% CAGR

In the global Submarine segment, USA, Canada, Japan, China and Europe will drive the 6.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$6.3 Billion in the year 2020 will reach a projected size of US$9.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 7.3% CAGR through the analysis period.

Select Competitors (Total 34 Featured) -

• ABB Ltd.
• Bahra Advanced Cable Manufacture Co. Ltd.
• Cablel Hellenic Cables Group
• Caledonian Cables Ltd
• Dubai Cable Company (Private) Ltd.
• EL Sewedy Electric Company
• General Cable Corporation
• Hebei New Baofeng Wire & Cable Co., Ltd.
• Hendrix Wire and Cable
• KABELWERK EUPEN AG
• Kabelwerke Brugg AG Holding
• KEI Industries Limited
• Leoni AG
• LS Cable & System Ltd.
• Nexans S.A.
• NKT Group A/S
• Prysmian S.p.A.
• Riyadh Cables Group Company
• Southwire Company, LLC
• Sumitomo Electric Industries, Ltd.
• Tele-Fonika Cable Americas Corporation
• The Okonite Company
• Top Cable
• TPC Wire & Cable Corp.
• Tratos

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