According to the new market research report “High Voltage Cables & Accessories Market by Type (Overhead, Underground, & Submarine), by Overhead Products (Conductors, Fittings & Fixtures), by Underground and Submarine Products (XLPE Cables, MI Cables, Cable Joints, & Cable Terminations), and by Region - Global Trends & Forecasts to 2020”, defines, segments, analyzes, and forecasts the global high voltage cable market. This market is estimated to grow from $29,024.4 Million in 2015 to $39,563.3 Million by 2020, at a CAGR of 6.4% from 2015 to 2020.
Browse 122 tables and 48 figures spread through 186 pages and in-depth TOC on "High Voltage Cables & Accessories Market - Global Trends & Forecasts to 2020"
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The power transmission industry is need advanced transmission networks to transmit high voltage current in order to ensure reliable power supply. High voltage transmission lines and power cables with the related accessories form the grid to transport generated electric power over long distances.
High voltage cable market is driven by many factors, such as grid interconnections, offshore windfarm connections, connections of islands with mainland, power from shore links to offshore oil & gas installations, and projects integrating renewable generation with the power transmission grid.
High voltage cables are more prevalent in Asia-Pacific due to the above mentioned activities. China is the leading high voltage cable market, whereas other key markets include the U.S., India, Germany, the U.K., Brazil, and Egypt. The manufacturers and service providers are focusing and creating huge prospects in this service industry.
Consequently, increasing technologies for reducing power outages and efficiency of high voltage current transmission system are continuously encouraging the need for highly reliable and safe transmission system with high quality cables & accessories. Hence, governments, private producers & service providers, and cables & accessories manufacturers are continuously trying to integrate their existing technologies and develop new ones extensively to increase the capacity of high voltage transmission and reduce the impact of high voltage transmission near residential areas.
This market is dominated by several global players, and the rest of the market is fragmented between a few regional ones; hence, contracts & agreements is a key strategy adopted by high voltage cables & accessories manufacturers and service providers.
The major players of the market include ABB Ltd. (Switzerland), Prysmian Group (Italy), Sumitomo Electric Industries, Ltd. (Japan), Nexans (France), NKT Cables (Germany), General Cable Corporation (U.S.), Encore Wire Corporation (U.S.), Brugg Kabel AG (Switzerland), and Finolex Cables Ltd. (India).
The market has been categorized based on types of use into overhead, underground, and submarine. The products segment has been analyzed separately for each type of use, namely overhead products (conductors, fittings, & fixtures), underground products (XLPE cables, MI cables, cable joints, and cable terminations), and submarine products (XLPE cables, MI cables, cable joints, cable terminations). The market, with respect to main regions, includes Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa.
This report segments the global high voltage cable market by type of use, product, and region. It also focuses on the market share analysis, supply chain analysis, value chain, Porters Five Forces analysis, and market metrics such as drivers, restraints, burning issues, winning imperative, and opportunities. In addition, 12 key players in the market have also been profiled, which includes major companies providing high voltage cables and related accessories, and service providers.
The high voltage cables & accessories market ecosystem starts with the raw material suppliers, followed by cables & accessories manufacturers. The cables & accessories and relevant equipment are assembled in assembly phase. The cables & accessories are distributed, marketed, and sold through distributors in all regions of the world. The buyers of these cables & accessories are utility and power companies which provide power through alternating current (AC) and direct current (DC) power connections.
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The stakeholders of the report include:
- Raw material suppliers – these include ABB Ltd. (Switzerland), Nexans (France), Prysmian Group (Italy), General Cable Corporation (U.S.), and 3M (U.S.) among others
- Manufacturers – these include Prysmian Group (Italy), Nexans (France), Encore Wire Corporation (U.S.), Norddeutsche Seekabelwerke (NSW) (Germany), Sumitomo Electric Industries, Ltd. (Japan), and TF Cable Americas (U.S.) among others
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