Global high-voltage power cables market size to develop at a CAGR of 4.1% through 2027

·8 min read

The research literature on ‘Global High-Voltage Power Cables Market’ aims to present an elaborative summary of this business sphere over 2021-2027.

Pune, India, Jan. 19, 2022 (GLOBE NEWSWIRE) -- According to MarketStudyReport, worldwide high-voltage power cables industry was valued at USD 7881.4 million in 2020 and is expected to attain USD 10460 million by the end of 2027, growing at 4.1% CAGR throughout the projection period.

The study also investigates the competitive environment of this business by profiling the top players, while elaborating on their product portfolios, strategic alliances, market share, innovative product development, and production volume, thereby assisting stakeholders and new entrants in making well-informed decisions.

Shifting customer preference for renewable energy sources, favorable government initiatives to increase share of alternate sources in energy aggregate and expanding new power grid infrastructure will largely be enhance the market outlook.

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It is worth noting that developing countries currently have limited access to power grid infrastructure for transferring electricity which is slated to boost the demand for high-voltage power cables as governments in these countries focus on building safe power grid infrastructure.

For the unversed, high-voltage cables are insulated cables used for high-voltage power transmission. They consist of sheath over metallic insulation shield, over semi-conducting insulation shield, over insulator, over conductor shield, over conductor, and operate in the 60-500kV range.

COVID-19 impact:

Worldwide high-voltage power cables industry was substantially affected by the pandemic owing to halts in production of electronics and semiconductors led by recession and lack of manpower availability.

The COVID-19 outbreak resulted in a major and long-term decline in manufacturing utilization, while travel bans and temporary shutdowns kept workers away of their factories, slowing down the market revenue growth in 2020.

Regional analysis:

Geographies such as Asia Pacific, North America, Europe, MEA, and Latin America are the key contributors to the global high-voltage cables industry growth.

With a market share of almost 24%, Asia (excluding China) led the industry forecast in the recent past and is expected to continue similar trend over the analysis timeframe, due to the presence of significant power cable manufacturers in the region, in consort with increasing population levels, and swift urbanization.

Parallelly, Europe is held around 22% industry share in 2020 and is expected to witness significant growth through 2027, owing to penetration of renewable energy, and modernization of older grid infrastructure which are likely to fuel the demand for power cables.

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Global High-Voltage Power Cables Market by Type (Revenue, USD Million, 2016-2027)

  • DC Power Cable

  • AC Power Cable

Global High-Voltage Power Cables Market by Application (Revenue, USD Million, 2016-2027)

  • Utility

  • Renewable Energy

  • Industrial

  • Others

Global High-Voltage Power Cables Market Regional Terrain (Revenue, USD Million, 2016-2027)

North America

  • United States

  • Canada

Asia-Pacific

  • China

  • Japan

  • India

  • Southeast Asia

  • Australia

  • South Korea

  • Rest of Asia-Pacific

Europe

  • Germany

  • Russia

  • France

  • U.K.

  • Italy

  • Nordic Countries

  • Rest of Europe

Latin America

  • Brazil

  • Mexico

  • Rest of Latin America

Middle East & Africa

  • Saudi Arabia

  • Turkey

  • UAE

  • Rest of MEA

Global High-Voltage Power Cables Market, Competitive Landscape (Revenue, USD Million, 2016-2027)

  • Nexans S.A

  • LS Cable & System Ltd.

  • Jiangsu Shangshang Cable Group Co. Ltd.

  • Prysmian S.p.A

  • Baosheng High Voltage Cable Co. Ltd.

  • Southwire Co. LLC

  • Sumitomo Electric Ltd.

  • NKT A/S

  • Wuxi Jiangnan Cable Co. Ltd.

  • TELE-FONIKA Kable S.A.

  • Furukawa Electric Co. Ltd.

  • Condumex Group

  • Okonite Co.

  • Riyadh Cables Group Co.

  • Elsewedy Electric Co S.A.E.

Table of Content:

1 Study Coverage

1.1 High-Voltage Power Cables Product Introduction

1.2 Market by Type

1.2.1 Global High-Voltage Power Cables Market Size Growth Rate by Type

1.2.2 AC Power Cable

1.2.3 DC Power Cable

1.3 Market by Application

1.4 Study Objectives

1.5 Years Considered

2 Executive Summary

2.1 Global High-Voltage Power Cables Market Size Estimates and Forecasts

2.2 High-Voltage Power Cables Market Size by Region: 2021 Versus 2027

2.3 High-Voltage Power Cables Sales by Region (2016-2027)

2.4 High-Voltage Power Cables Market Estimates and Projections by Region (2022-2027)

2.4.1 Global High-Voltage Power Cables Revenue by Region: 2016-2021

2.4.2 Global High-Voltage Power Cables Revenue Forecast by Region (2022-2027)

2.4.3 Global High-Voltage Power Cables Revenue Market Share by Region (2016-2027)

3 Global High-Voltage Power Cables by Manufacturers

3.1 Global Top High-Voltage Power Cables Manufacturers by Sales

3.2 Global Top High-Voltage Power Cables Manufacturers by Revenue

3.3 Global High-Voltage Power Cables Price by Manufacturer (2016-2021)

3.4 Competitive Landscape

3.5 Global High-Voltage Power Cables Manufacturing Base Distribution, Product Type

4 Company Profiles

5 Breakdown Data by Type

5.1 Global High-Voltage Power Cables Sales by Type (2016-2027)

5.2 Global High-Voltage Power Cables Revenue Forecast by Type (2016-2027)

5.3 High-Voltage Power Cables Average Selling Price (ASP) by Type (2016-2027)

6 Breakdown Data by Application

6.1 Global High-Voltage Power Cables Sales by Application (2016-2027)

6.2 Global High-Voltage Power Cables Revenue Forecast by Application (2016-2027)

6.3 High-Voltage Power Cables Average Selling Price (ASP) by Application (2016-2027)

7 North America

7.1 North America High-Voltage Power Cables Market Size YoY Growth 2016-2027

7.2 North America High-Voltage Power Cables Market Facts & Figures by Country

7.3 North America High-Voltage Power Cables Sales by Type

7.4 North America High-Voltage Power Cables Sales by Application

8 Asia-Pacific

8.1 Asia-Pacific High-Voltage Power Cables Market Size YoY Growth 2016-2027

8.2 Asia-Pacific High-Voltage Power Cables Market Facts & Figures by Region

8.3 Asia-Pacific High-Voltage Power Cables Sales by Type

8.4 Asia-Pacific High-Voltage Power Cables Sales by Application

9 Europe

9.1 Europe High-Voltage Power Cables Market Size YoY Growth 2016-2027

9.2 Europe High-Voltage Power Cables Market Facts & Figures by Country

9.3 Europe High-Voltage Power Cables Sales by Type

9.4 Europe High-Voltage Power Cables Sales by Application

10 Latin America

10.1 Latin America High-Voltage Power Cables Market Size YoY Growth 2016-2027

10.2 Latin America High-Voltage Power Cables Market Facts & Figures by Country

10.3 Latin America High-Voltage Power Cables Sales by Type

10.4 Latin America High-Voltage Power Cables Sales by Application

11 Middle East and Africa

11.1 Middle East and Africa High-Voltage Power Cables Market Size YoY Growth 2016-2027

11.2 Middle East and Africa High-Voltage Power Cables Market Facts & Figures by Country

11.3 Middle East and Africa High-Voltage Power Cables Sales by Type

11.4 Middle East and Africa High-Voltage Power Cables Sales by Application

12 Supply Chain and Sales Channel Analysis

12.1 High-Voltage Power Cables Supply Chain Analysis

12.2 High-Voltage Power Cables Key Raw Materials and Upstream Suppliers

12.3 High-Voltage Power Cables Clients Analysis

12.4 High-Voltage Power Cables Sales Channel and Sales Model Analysis

13 Market Dynamics

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