The global demand for High Voltage Cables Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
High voltage cables or HVCs are high tension conducting wires that are used for transmission of electricity over large distances and are widely used for transferring power from the plant to the consumers. There are three types of HVCs depending on their connection style that is underground, overhead, and submarine. The use of HVCs is increasing rapidly with the growing infrastructure and development of the country as power is a basic component of the modern household. All the major commercial and government projects need HVCs, be it schools, colleges, factories, hospitals, or any other commercial or industrial institution because all of them need the power to be functional.
Market Dynamics
As the development around the world increases, the demand for HVCs is also increasing because electricity is an important part of all the development projects. Most of the developing countries are driving the market for high voltage cables due to their large commercial undertakings. The coronavirus outbreak has lead to a surge in demand for the HVCs as the trend of ‘ work from home’ has become popular as a result the people need more power in their houses than they used to. Almost all the major countries are focusing on developing more nuclear power projects, and that has become a source of more demand for long-distance and marine high voltage cables.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of high voltage cables.
Market Segmentation
The entire high voltage cables market has been sub-categorized into Installation and end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Installation
- Overhead
- Underground
- Submarine
By End User
- Industrial
- Oil & gas
- Mining
- Power Utilities
- Chemical &Petrochemical
- Other (Paper &Pulp, Manufacturing, Wastewater Treatment, and Cement Industry)
- Renewable Energy
- Wind
- Hydropower
- Other (Tidal, Solar, and Geothermal)
- Infrastructure
- Commercial
- Residential
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for high voltage cables market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global High Voltage Cables Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the high voltage cables market include TELE-FONIKA Kable S.A., Prysmian group, Dubai Cable Company Pvt. Ltd., NKT Cables, Nexans, Southwire Company, LLC, Sumitomo Electric Industries, Ltd., Siemens AG, TBEA Co. Ltd., HITACHI, LTD. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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