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.
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.
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)
Global High-Voltage Power Cables Market Regional Terrain (Revenue, USD Million, 2016-2027)
Rest of Asia-Pacific
Rest of Europe
Rest of Latin America
Middle East & Africa
Rest of MEA
Global High-Voltage Power Cables Market, Competitive Landscape (Revenue, USD Million, 2016-2027)
LS Cable & System Ltd.
Jiangsu Shangshang Cable Group Co. Ltd.
Baosheng High Voltage Cable Co. Ltd.
Southwire Co. LLC
Sumitomo Electric Ltd.
Wuxi Jiangnan Cable Co. Ltd.
TELE-FONIKA Kable S.A.
Furukawa Electric Co. Ltd.
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
8.1 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
9.1 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
Global Wires and cables Market Size study, by Installation (Overhead Segment, Underground Segment), by End use (Aerospace & Defense, Building & Construction, Oil & Gas, Energy & Power, IT & Telecommunication, Others), by Voltage (Low Voltage, Medium Voltage, High Voltage, Extra High Voltage) and Regional Forecasts 2021-2027
Global Wires and cables Market to reach USD 245.91 billion by 2027. Global Wires and cables Market is valued approximately USD 183.14 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.3 % over the forecast period 2021-2027. There are various types of cables such as coaxial cables, which are widely used in transmitting electric power and communication signals. The increasing investments in grid projects, rapid industrialization and government investment in energy sector has led the adoption of wires and cables across the forecast period. Increasing investment in T&D sector for effectively transmitting power to different electrical equipment's at various stages of network such as generation to primary and secondary customer.
North America Wire and Cable Market Size, Industry Analysis Report, Country Outlook, Application Potential, Competitive Market Share & Forecast, 2020 - 2026
North America wire and cable market is likely to witness momentous growth through the forthcoming time period owing to high product adoption across numerous application avenues such as railways, automotive, utilities, entertainment/leisure, food & beverages among many others. Wire is known as a single electrical conductor, while a cable is known as a group of wires enfolded in sheathing. The word cable generally refers to a nautical line of several ropes used to anchor ships. In an electrical context, cables are mainly used to carry electrical currents. Every wire & cable needs to be installed carefully, right from the fuse box to the fixtures, outlets, and various other appliances. Growing manufacturing and service bases across regional economies have necessitated regulators to enhance and reestablish the conventional rail networks with secured and sustainable systems, which in turn will augment the product demand across the railway application segment.
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