The global dry cable termination market was valued at $2 billion in 2023, and is projected to reach $4.3 billion by 2033, growing at a CAGR of 8% from 2024 to 2033.
A dry-type cable termination is an electrical cable termination that uses solid insulation materials instead of liquids such as oil or SF6 gas. These air-insulated terminations are especially beneficial for high-voltage applications, where safety and reliability are critical. Traditional cable terminations typically rely on fluid-filled systems for insulation and to manage electrical stress. Although effective, these fluids have several disadvantages, such as they require precise sealing to prevent leaks, which can be difficult to maintain over time. Leaks can lead to environmental contamination and pose safety hazards, particularly in indoor settings, where they may result in explosions and significant damage to surrounding equipment and personnel.
Growth of the dry cable termination industry is driven by several key factors that influence demand and industry trends, including rise in need for reliable and efficient power transmission and distribution systems. As global electricity demand continues to rise, there is rise in focus on upgrading and modernizing power infrastructure. Dry cable terminations, which use solid insulation materials instead of traditional oil or gas, offer significant benefits in terms of safety, environmental impact, and maintenance, thus driving the adoption of dry cable terminations in utilities and industries seeking to improve the reliability and efficiency of their electrical networks.
Technological advancements play a significant role in shaping the market. Improvements in manufacturing processes and materials have led to the creation of more compact and lightweight dry cable terminations, making them easier to install and maintain. These innovations are key drivers of the growth of dry cable terminations, making them suitable for a broader range of industries, such as telecommunications, oil and gas, and industrial automation. Also, growing emphasis on sustainability and energy efficiency is increasing the demand for dry cable terminations. Governments and regulatory agencies globally are enforcing stricter energy efficiency standards and encouraging the use of eco-friendly technologies. With their lower environmental impact and enhanced energy efficiency, dry cable terminations align with these regulations, further promoting their adoption. For instance, in October 2023, Nexans completed the electrical Type Test for its 525 kV DC SF6 gas-free cable terminations, paving the way for a safer and more sustainable solution to connect HVDC cables. This achievement brings the company closer to its mission of advancing electrification for the future.
A dry-type cable termination is an electrical cable termination that uses solid insulation materials instead of liquids such as oil or SF6 gas. These air-insulated terminations are especially beneficial for high-voltage applications, where safety and reliability are critical. Traditional cable terminations typically rely on fluid-filled systems for insulation and to manage electrical stress. Although effective, these fluids have several disadvantages, such as they require precise sealing to prevent leaks, which can be difficult to maintain over time. Leaks can lead to environmental contamination and pose safety hazards, particularly in indoor settings, where they may result in explosions and significant damage to surrounding equipment and personnel.
Growth of the dry cable termination industry is driven by several key factors that influence demand and industry trends, including rise in need for reliable and efficient power transmission and distribution systems. As global electricity demand continues to rise, there is rise in focus on upgrading and modernizing power infrastructure. Dry cable terminations, which use solid insulation materials instead of traditional oil or gas, offer significant benefits in terms of safety, environmental impact, and maintenance, thus driving the adoption of dry cable terminations in utilities and industries seeking to improve the reliability and efficiency of their electrical networks.
Technological advancements play a significant role in shaping the market. Improvements in manufacturing processes and materials have led to the creation of more compact and lightweight dry cable terminations, making them easier to install and maintain. These innovations are key drivers of the growth of dry cable terminations, making them suitable for a broader range of industries, such as telecommunications, oil and gas, and industrial automation. Also, growing emphasis on sustainability and energy efficiency is increasing the demand for dry cable terminations. Governments and regulatory agencies globally are enforcing stricter energy efficiency standards and encouraging the use of eco-friendly technologies. With their lower environmental impact and enhanced energy efficiency, dry cable terminations align with these regulations, further promoting their adoption. For instance, in October 2023, Nexans completed the electrical Type Test for its 525 kV DC SF6 gas-free cable terminations, paving the way for a safer and more sustainable solution to connect HVDC cables. This achievement brings the company closer to its mission of advancing electrification for the future.
Segment Review:
The dry cable termination market size is segmented into installation type, voltage, application, and region. By installation type, the dry cable terminations market is segmented into indoor dry cable terminations and outdoor dry cable terminations. Based on voltage, the market is segmented into low voltage, medium voltage, and high voltage. On the basis of application, the market is divided into power transmission and distribution, telecommunication, renewable energy, industrial applications, oil and gas, and others. Region-wise, the dry cable terminations market is analyzed across North America (the U.S, Canada, and Mexico), Europe (UK, Germany, France, Italy, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).Key Findings:
- By installation type, the outdoor dry cable terminations segment accounted major share in the market in 2023.
- By voltage, the high voltage segment dominated the market and is expected to follow the same trend during the forecast period.
- Based on application, the power transmission and distribution segment held the largest segment in the market in 2023.
- Region-wise, Asia-Pacific was the largest segment in the dry cable termination market in 2023.
Competition Analysis:
The key players profiled in the report include ABB Ltd., Siemens AG, Nexans, Prysmian Group, TE Connectivity, 3M Company, Raychem RPG Private Limited, Hubbell Incorporated, Eaton Corporation PLC, and G&W Electric Co. Market players have adopted various strategies, such as product launch, collaboration & partnership, joint venture, and acquisition, to expand their foothold in the dry cable termination market.Additional benefits you will get with this purchase are:
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Key Market Segments
By Installation
- Indoor Dry Cable Terminations
- Outdoor Dry Cable Terminations
By Voltage
- Low Voltage
- Medum Voltage
- High Voltage
By Application
- Power Transmission and Distribution
- Telecommunication
- Renewable Energy
- Industrial Applications
- Oil and Gas
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- ABB Ltd.
- Nexans
- Prysmian Group
- 3M Company
- Hubbell Incorporated
- Eaton Corporation PLC
- G&W Electric Co.
- Siemens AG.
- TE Connectivity
- Raychem RPG Private Limited
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: DRY CABLE TERMINATION MARKET, BY INSTALLATION
CHAPTER 5: DRY CABLE TERMINATION MARKET, BY VOLTAGE
CHAPTER 6: DRY CABLE TERMINATION MARKET, BY APPLICATION
CHAPTER 7: DRY CABLE TERMINATION MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Companies Mentioned
- ABB Ltd.
- Nexans
- Prysmian Group
- 3M Company
- Hubbell Incorporated
- Eaton Corporation PLC
- G&W Electric Co.
- Siemens AG.
- TE Connectivity
- Raychem RPG Private Limited
Methodology
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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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 327 |
| Published | February 2025 |
| Forecast Period | 2023 - 2033 |
| Estimated Market Value ( USD | $ 2 billion |
| Forecasted Market Value ( USD | $ 4.3 billion |
| Compound Annual Growth Rate | 8.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
