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High Voltage Cables Market Report
The High Voltage Cables Market is Segmented by Voltage Type (50 kV – 110 kV, 115 kV – 330 kV and > 330 kV), by Application Type (Utility, Industrial), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
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.
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High Voltage Cables Market – Snapshot |
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Growth |
3.1% for the next five years |
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Major Voltage Type |
50 kV – 110 kV |
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Dominant Application Type |
Utility |
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Region with the highest demand |
North America |
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Key Players |
Elsewedy Electric, ZTT, Prysmian Group, Nexans, Sumitomo Electric Industries, Ltd., LS Cable & System, NKT, Furukawa Electric, Sterlite Power, and KEI Industries Limited. |
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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.
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.
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-
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.
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High Voltage Cables Market Research Report - Features |
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Market Segmentation |
3 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The high voltage cables market is segmented into the following categories.
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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.
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:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
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].
The high voltage cables market is expected to witness an impressive growth of 3.1% CAGR in the foreseeable future.
Elsewedy Electric, ZTT, Prysmian Group, Nexans, Sumitomo Electric Industries, Ltd., LS Cable & System, NKT, Furukawa Electric, Sterlite Power, and KEI Industries Limited are among the key players in the High Voltage Cables Market.
North America is expected to be the largest high voltage cables market during the next five years.
The 50 kV – 110 kV segment is expected to remain dominant in the high voltage cables market in the coming years.
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