High Voltage Cables Market | Covid-19 Impact Analysis

High Voltage Cables Market Insights

High voltage cables market is likely to witness a healthy CAGR of 3.1% during the forecast period. The growing demand for high voltage cables is mainly due to rapid commercialization and rising population leading to increased energy consumption.

Market Share Analysis

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High Voltage Cables Market Share: By Voltage Type

Based on the voltage type, the market is segmented as 50 kV – 110 kV, 115 kV – 330 kV and > 330 kV. The 50 kV – 110 kV segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. Retrofitting of small-scale industries and  large-scale commercial expansion across developing countries has led to dominance of the segment.

High Voltage Cables Market Share: By Application Type

Based on the application type, the high voltage cables market is segmented as utility and industrial. The utility segment leads the market owing to growth in population giving rise to increasing consumption of energy, is a major reason for dominance of this segment.

High Voltage Cables Market Share: By Region

In terms of regions, North America is estimated to be the largest, whereas Asia-Pacific is likely to be the fastest-growing high voltage cables market during the forecast period. The U.S. Government proposed to invest US$ 10 billion to develop new transmission networks to decrease the curtailment rate. China and India are the key countries of the Asia-Pacific region offering lucrative growth opportunities over the forecast period.

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Some of the major high voltage cable manufacturers are-

• Elsewedy Electric
• ZTT
• Prysmian Group
• Nexans
• Sumitomo Electric Industries, Ltd.
• LS Cable & System
• NKT
• Furukawa Electric
• Sterlite Power
• KEI Industries Limited.

Market Scope & Segmentation

A high-voltage cable (HV cable) is a cable used for electric power transmission at high voltage which is widely used in power transmission utilities and many other industries involved in water, renewable energy, nuclear and thermal power.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The high voltage cables market is segmented into the following categories. 

High Voltage Cables Market Size, Share, & Forecast, by Voltage Type:

• 50 kV – 110 kV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• 115 kV – 330 kV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• > 330 kV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

High Voltage Cables Market Size, Share, & Forecast, by Application Type:

• Utility (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

High Voltage Cables Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the voltage types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].