Power and Control Cable Market Insights
Power and control cable market is likely to witness an impressive CAGR of 8.5% during the forecast period. The prime factor that is contributing to the demand for power and control cable is mainly the ongoing investments in electricity infrastructure. The integration of renewable energy networks has further increased the focus towards the restructuring of the present electrical infrastructure. Increasing sustainable energy and improvements in IoT power monitoring system, along with growing inclination towards smart grid infrastructure is likely to create a sustainable demand for the power and control cable market.
|
Power and Control Cable Market – Snapshot
|
|
Growth
|
8.5% for the next five years
|
|
Major Product Type
|
Power Cable
|
|
Dominant Voltage Type
|
Low Voltage
|
|
Region with the highest demand
|
Asia-Pacific
|
|
Key Players
|
Prysmian Group, Nexans S.A., Polycab India Limited, NKT A/S, DUCAB (Dubai Cable Co Pvt Ltd.), KEI Industries, LS Cable & System Ltd., Sumitomo Electric Industries, Ltd., Belden Incorporated, and Furukawa Electric Co., Ltd.
|
Wish to Get a Free Sample? Click here
Market Share Analysis
Power and Control Cable Market Share: By Product Type
Based on the product type, the market is segmented as power cable and control cable. The power cable segment held the larger share of the market in 2019, and is expected to register a faster growth during the forecast period. The segment is mainly driven by its wide penetration across medium voltage and grid integration projects.
Power and Control Cable Market Share: By Voltage Type
Based on the voltage type, the power and control cable market is segmented as high voltage (HV), medium voltage (MV), and low voltage (LV). The low voltage (LV) segment dominates the market, owing to the growing inclination of manufacturers towards internal wiring applications & secondary power distribution. Further, strengthening and expansion of distribution network with rising demand for electricity from renewable energy is likely to create a healthy demand in the power and control cable market.
Power and Control Cable Market Share: By Region
In terms of regions, Asia-Pacific is estimated to be the largest market during the forecast period, with China, Japan, and India being the major countries with lucrative growth opportunities. The growth of the region’s market is mainly driven by the ongoing investments in the expansion of UHV and EHV networks, expansion of communication, railways, and energy sectors, and increasing investments in R&D.
Some of the major power and control cable manufacturers are-
- Prysmian Group
- Nexans S.A.
- Polycab India Limited
- NKT A/S
- DUCAB (Dubai Cable Co Pvt Ltd.)
- KEI Industries
- LS Cable & System Ltd.
- Sumitomo Electric Industries, Ltd.
- Belden Incorporated
- Furukawa Electric Co., Ltd.
Market Scope & Segmentation
Power and control cables are energy transfer systems that are used for transmitting high and low power from a source to an equipment. Power cables are used to transfer energy from a source to equipment, whereas control cables are used to send signals to control the functioning of an equipment. Power and control cables are majorly used in industrial, commercial and electrical utilities with a range of applications, and are composed of protective jackets, conductors, and insulators to offer high resistance to heat, fire, and moisture.
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.
|
Power and Control Cable Market Research Report - Features
|
|
Market Segmentation
|
4
|
|
Regions Covered
|
4
|
|
Countries/Sub-Regions Covered
|
15
|
|
No. of Figures & Tables
|
>150
|
|
Company Profiles
|
10
|
Wish to Get a Free Sample? Click here
The power and control cable market is segmented into the following categories.
Power and Control Cable Market Size, Share, & Forecast, by Product Type:
- Power Cable (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Control Cable (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Power and Control Cable Market Size, Share, & Forecast, by Voltage Type:
- HV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- MV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- LV
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Voltage Type: LV Power and LV Control)
Power and Control Cable Market Size, Share, & Forecast, by Application Type:
- Utilities (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Industries
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (End-Use Application Type: Power, Oil & Gas, Cement, and Others)
Power and Control Cable Market Size, Share, & Forecast, by Region:
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
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 product types by voltage 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].
