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Global Power Cable Market Report By Installation (Overhead, Underground, Submarine), By Voltage (Up to 240V, 240V – 1kV, 1kV – 15kV, 15kV – 100kV, 100kV – 250kV, Above 250kV), By End-User (Residential, Commercial, Industrial, Utility) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2021-2028
ID:VMR11214182
April 2021
Report Formats: Electronic (PDF), MS EXCEL
Global Power Cable Market Overview
The key driver impacting the power cable market is the rising population and urbanization, which leads to increasing demand for power globally. the growing electricity demand results in massive electricity generation which is likely to boost market demand in the coming years. for instance, according to the International energy outlook(Stated Policies Scenario), in 2019 electricity demand globally grows at 2.1% every year till 2040, twice the primary energy demand rate. this increases total electricity’s share in final energy consumption to 24% in 2040 from 19% in 2018. electricity demand growth is set to be specifically strong in developing economies. In 2018, world total electricity consumption reached 22 315 TWh, which is around 4.0% higher compared to 2017. moreover, rising concerns towards greenhouse gas emissions lead to growth in penetration of renewable energy in power generation is also estimated to be a significant determinant that adds growth to the market.
The augmented investments in the power sector and upgrading power transmission and distribution systems are estimated to improve market demand in the forecast period. for instance, according to the International energy outlook(Stated Policies Scenario), in 2019 the worldwide total power sector investment accounts $20 trillion over the period to 2040. It is 20% high than yearly spending from 2010 to 2018. the power sector stands for 50% of total energy supply investment globally and it includes spending on new power plants, distribution, and transmission lines, with upgrades and refurbishments. In the sustainable development scenario, power sector investment is almost $1.2 trillion for each year on an average to 2040, it is around 60% more than recent spending levels. however, the development of slow-paced technological evolution across developing regions may hamper the global power cable industry in the long run. the current industry trends, such as the growing need to replace old grid infrastructure and increased smart grid technology adoption, are expected to provide beneficial market opportunities for the market players.
The power cable market is vast, with many local and global players. The key leaders follow several strategies to develop their market position, such as mergers, contracts, acquisitions, expansions, extending product portfolio, product innovations, to improve their market share globally. for instance, in April 2020, LS Cable & System declared that it had signed a contract with the Netherlands-based TeneT to supply submarine cables. The deal worth is 100.74 million Euros. The major players included in the report are Prysmian Group, General Cable Technologies Corporation, Nexans SA, Sumitomo Electric Industries Ltd., NKT AS, Fujikura Ltd., LS Cable & System, Encore Wire Corporation, Southwire Company LLC, Elmeridge Cables Limited, Furukawa Electric Ltd., and Others.
In this research report, the power cable market is segmented by installation, voltage, end-user, and region.
Analysis by Installation:
By installations, the report is categorized into overhead, underground, and submarine. The overhead segment dominates the installation segment with over 58.62% share in 2020. It is an extensively used approach across the world, specifically in less populated countries, as it is the easiest and cost-effective form of installation. Moreover, it is a highly adopted installation technique in countries that are usually prone to natural calamities such as earthquakes thus contributing to the growth in the forecast period.
Analysis by Voltage:
By voltage, the report is categorized into Up to 240V, 240V – 1kV, 1kV – 15kV, 15kV – 100kV, 100kV – 250kV, Above 250kV. The 15kv to 100 kV dominates the voltage segment with over 20% share in 2020. It is due to the rising number of renewable energy projects together with new grid connections. Also, it includes insulation and conductor, which makes it appropriate for being run across underwater and underground applications Moreover, growing demand for these cables from the end-users such as power distribution, telecom, oil and gas, and aerospace and defense contributes to the vast market demand in the forecast period.
Analysis by End-User:
By end-user, the report is categorized into residential, commercial, industrial, and utility. The utility segment dominates the end-users with over 20% share in 2020. It is due to the high demand for power in rural areas which leads to increasing installations of new grids to reach out to distant locations to fulfill power demand. The rising technological up-gradation of grid infrastructure, such as shifting the old transmission lines to high voltage lines in order to keep away from the transmission losses, is also driving the market. Moreover, rise in renewable energy generation, the electricity trade is likely to augment, resulting in the building of higher capacity interconnection lines contributes to the vast market demand from utility sector in the forecast period.
Analysis by Region:
In the regional outlook of the global power cable market, the Asia Pacific region dominates with a 30% market share during the forecast period. It is due to the rising population and increasing urbanization that is boosting demand for power and energy in India, China, South Korea, and Japan, leading to more adoption of power cables in the forecast period. Moreover, rising government initiatives such as Make in India” and “Go Green” and high investment in exploiting various renewable energy sources such as wind and solar contribute to the development of the power cable market across the Asia Pacific.
Market Segmentation covered in the Report:
By Installation
The key driver impacting the power cable market is the rising population and urbanization, which leads to increasing demand for power globally. the growing electricity demand results in massive electricity generation which is likely to boost market demand in the coming years. for instance, according to the International energy outlook(Stated Policies Scenario), in 2019 electricity demand globally grows at 2.1% every year till 2040, twice the primary energy demand rate. this increases total electricity’s share in final energy consumption to 24% in 2040 from 19% in 2018. electricity demand growth is set to be specifically strong in developing economies. In 2018, world total electricity consumption reached 22 315 TWh, which is around 4.0% higher compared to 2017. moreover, rising concerns towards greenhouse gas emissions lead to growth in penetration of renewable energy in power generation is also estimated to be a significant determinant that adds growth to the market.
The global demand for power cable market was valued at 1,49,422.9 USD MN in 2020 and is expected to generate revenue of 2,83,922.7 USD MN in 2027, growing at a CAGR of 8.73% between 2021 and 2027.
The augmented investments in the power sector and upgrading power transmission and distribution systems are estimated to improve market demand in the forecast period. for instance, according to the International energy outlook(Stated Policies Scenario), in 2019 the worldwide total power sector investment accounts $20 trillion over the period to 2040. It is 20% high than yearly spending from 2010 to 2018. the power sector stands for 50% of total energy supply investment globally and it includes spending on new power plants, distribution, and transmission lines, with upgrades and refurbishments. In the sustainable development scenario, power sector investment is almost $1.2 trillion for each year on an average to 2040, it is around 60% more than recent spending levels. however, the development of slow-paced technological evolution across developing regions may hamper the global power cable industry in the long run. the current industry trends, such as the growing need to replace old grid infrastructure and increased smart grid technology adoption, are expected to provide beneficial market opportunities for the market players.
The power cable market is vast, with many local and global players. The key leaders follow several strategies to develop their market position, such as mergers, contracts, acquisitions, expansions, extending product portfolio, product innovations, to improve their market share globally. for instance, in April 2020, LS Cable & System declared that it had signed a contract with the Netherlands-based TeneT to supply submarine cables. The deal worth is 100.74 million Euros. The major players included in the report are Prysmian Group, General Cable Technologies Corporation, Nexans SA, Sumitomo Electric Industries Ltd., NKT AS, Fujikura Ltd., LS Cable & System, Encore Wire Corporation, Southwire Company LLC, Elmeridge Cables Limited, Furukawa Electric Ltd., and Others.
In this research report, the power cable market is segmented by installation, voltage, end-user, and region.
Analysis by Installation:
By installations, the report is categorized into overhead, underground, and submarine. The overhead segment dominates the installation segment with over 58.62% share in 2020. It is an extensively used approach across the world, specifically in less populated countries, as it is the easiest and cost-effective form of installation. Moreover, it is a highly adopted installation technique in countries that are usually prone to natural calamities such as earthquakes thus contributing to the growth in the forecast period.
Analysis by Voltage:
By voltage, the report is categorized into Up to 240V, 240V – 1kV, 1kV – 15kV, 15kV – 100kV, 100kV – 250kV, Above 250kV. The 15kv to 100 kV dominates the voltage segment with over 20% share in 2020. It is due to the rising number of renewable energy projects together with new grid connections. Also, it includes insulation and conductor, which makes it appropriate for being run across underwater and underground applications Moreover, growing demand for these cables from the end-users such as power distribution, telecom, oil and gas, and aerospace and defense contributes to the vast market demand in the forecast period.
Analysis by End-User:
By end-user, the report is categorized into residential, commercial, industrial, and utility. The utility segment dominates the end-users with over 20% share in 2020. It is due to the high demand for power in rural areas which leads to increasing installations of new grids to reach out to distant locations to fulfill power demand. The rising technological up-gradation of grid infrastructure, such as shifting the old transmission lines to high voltage lines in order to keep away from the transmission losses, is also driving the market. Moreover, rise in renewable energy generation, the electricity trade is likely to augment, resulting in the building of higher capacity interconnection lines contributes to the vast market demand from utility sector in the forecast period.
Analysis by Region:
In the regional outlook of the global power cable market, the Asia Pacific region dominates with a 30% market share during the forecast period. It is due to the rising population and increasing urbanization that is boosting demand for power and energy in India, China, South Korea, and Japan, leading to more adoption of power cables in the forecast period. Moreover, rising government initiatives such as Make in India” and “Go Green” and high investment in exploiting various renewable energy sources such as wind and solar contribute to the development of the power cable market across the Asia Pacific.
Market Segmentation covered in the Report:
By Installation
- Overhead
- Underground
- Submarine
- Up to 240V
- 240V – 1kV
- 1kV – 15kV
- 15kV – 100kV
- 100kV – 250kV
- Above 250kV
- Residential
- Commercial
- Industrial
- Utility
- North America
- Europe
- The Asia Pacific
- Latin America
- The Middle East and Africa
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1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . POWER CABLE – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 By Installation
3.7.2 By Voltage
3.7.3 By End-User
3.7.4 By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL POWER CABLE MARKET ANALYSIS BY INSTALLATION
6.1 Overview by Installation
6.2 Historical and Forecast Data
6.3 Analysis by Installation
6.4 Overhead Market by Regions
6.5 Underground Market by Regions
6.6 Submarine Market by Regions
7 . GLOBAL POWER CABLE MARKET ANALYSIS BY VOLTAGE
7.1 Overview by Voltage
7.2 Historical and Forecast Data
7.3 Analysis by Voltage
7.4 Up to 240V Market by Regions
7.5 240V – 1kV Market by Regions
7.6 1kV – 15kV Market by Regions
7.7 15kV – 100kV Market by Regions
7.8 100kV – 250kV Market by Regions
7.9 Above 250kV Market by Regions
8 . GLOBAL POWER CABLE MARKET ANALYSIS BY END-USER
8.1 Overview by End-User
8.2 Historical and Forecast Data
8.3 Analysis by End-User
8.4 Residential Market by Regions
8.5 Commercial Market by Regions
8.6 Industrial Market by Regions
8.7 Utility Market by Regions
9 . GLOBAL POWER CABLE MARKET ANALYSIS BY GEOGRAPHY
9.1. Regional Outlook
9.2. Introduction
9.3. North America
9.3.1. Overview, Historic and Forecast Data
9.3.2. North America By Segment
9.3.3. North America By Country
9.3.4. United State
9.3.5. Canada
9.3.6. Mexico
9.4. Europe
9.4.1. Overview, Historic and Forecast Data
9.4.2. Europe by Segment
9.4.3. Europe by Country
9.4.4. United Kingdom
9.4.5. France
9.4.6. Germany
9.4.7. Italy
9.4.8. Russia
9.4.9. Rest Of Europe
9.5. Asia Pacific
9.5.1. Overview, Historic and Forecast Data
9.5.2. Asia Pacific by Segment
9.5.3. Asia Pacific by Country
9.5.4. China
9.5.5. India
9.5.6. Japan
9.5.7. South Korea
9.5.8. Australia
9.5.9. Rest Of Asia Pacific
9.6. Latin America
9.6.1. Overview, Historic and Forecast Data
9.6.2. Latin America by Segment
9.6.3. Latin America by Country
9.6.4. Brazil
9.6.5. Argentina
9.6.6. Peru
9.6.7. Chile
9.6.8. Rest of Latin America
9.7. Middle East & Africa
9.7.1. Overview, Historic and Forecast Data
9.7.2. Middle East & Africa by Segment
9.7.3. Middle East & Africa by Country
9.7.4. Saudi Arabia
9.7.5. UAE
9.7.6. Israel
9.7.7. South Africa
9.7.8. Rest Of Middle East And Africa
10 . COMPETITIVE LANDSCAPE OF THE POWER CABLE COMPANIES
10.1. Power Cable Market Competition
10.2. Partnership/Collaboration/Agreement
10.3. Merger And Acquisitions
10.4. New Product Launch
10.5. Other Developments
11 . COMPANY PROFILES OF POWER CABLE INDUSTRY
11.1. Company Share Analysis
11.2. Market Concentration Rate
11.3. Prysmian Group
11.3.1. Company Overview
11.3.2. Financials
11.3.3. Products
11.3.4. Recent Developments
11.4. General Cable Technologies Corporation
11.4.1. Company Overview
11.4.2. Financials
11.4.3. Products
11.4.4. Recent Developments
11.5. Nexans SA
11.5.1. Company Overview
11.5.2. Financials
11.5.3. Products
11.5.4. Recent Developments
11.6. Sumitomo Electric Industries Ltd.
11.6.1. Company Overview
11.6.2. Financials
11.6.3. Products
11.6.4. Recent Developments
11.7. NKT AS
11.7.1. Company Overview
11.7.2. Financials
11.7.3. Products
11.7.4. Recent Developments
11.8. Fujikura Ltd.
11.8.1. Company Overview
11.8.2. Financials
11.8.3. Products
11.8.4. Recent Developments
11.9. LS Cable & System
11.9.1. Company Overview
11.9.2. Financials
11.9.3. Products
11.9.4. Recent Developments
11.10. Encore Wire Corporation
11.10.1. Company Overview
11.10.2. Financials
11.10.3. Products
11.10.4. Recent Developments
11.11. Southwire Company LLC
11.11.1. Company Overview
11.11.2. Financials
11.11.3. Products
11.11.4. Recent Developments
11.12. Elmeridge Cables Limited
11.12.1. Company Overview
11.12.2. Financials
11.12.3. Products
11.12.4. Recent Developments
11.13. Furukawa Electric Ltd
11.13.1. Company Overview
11.13.2. Financials
11.13.3. Products
11.13.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Installation (USD MN)
- Overhead Market by Geography (USD MN)
- Underground Market by Geography (USD MN)
- Submarine Market by Geography (USD MN)
- Analysis Market by Voltage (USD MN)
- Up to 240V Market by Geography (USD MN)
- 240V – 1kV Market by Geography (USD MN)
- 1kV – 15kV Market by Geography (USD MN)
- 15kV – 100kV Market by Geography (USD MN)
- 100kV – 250kV Market by Geography (USD MN)
- Above 250kV Market by Geography (USD MN)
- Analysis by End-User (USD MN)
- Residential Market by Geography (USD MN)
- Commercial Market by Geography (USD MN)
- Industrial Market by Geography (USD MN)
- Utility Market by Geography (USD MN)
- Global Power Cable Market by Geography (USD MN)
- North America Market Analysis (USD MN)
- United State Market Analysis (USD MN)
- Canada Market Analysis (USD MN)
- Mexico Market Analysis (USD MN)
- Europe Market Analysis (USD MN)
- Europe Market Estimate by Country (USD MN)
- United Kingdom Market Analysis (USD MN)
- France Market Analysis (USD MN)
- Germany Market Analysis (USD MN)
- Italy Market Analysis (USD MN)
- Russia Market Analysis (USD MN)
- Spain Market Analysis (USD MN)
- Rest of Europe Market Analysis (USD MN)
- Asia Pacific Market Analysis (USD MN)
- China Market Analysis (USD MN)
- Japan Market Analysis (USD MN)
- India Market Analysis (USD MN)
- South Korea Market Analysis (USD MN)
- Australia Market Analysis (USD MN)
- Rest of Asia Pacific Market Analysis (USD MN)
- Latin America Market Analysis (USD MN)
- Brazil Market Analysis (USD MN)
- Argentina Market Analysis (USD MN)
- Peru Market Analysis (USD MN)
- Chile Market Analysis (USD MN)
- Rest of Latin America Market Analysis (USD MN)
- Middle East & Africa Market Analysis (USD MN)
- Saudi Arabia Market Analysis (USD MN)
- UAE Market Analysis (USD MN)
- Israel Market Analysis (USD MN)
- South Africa Market Analysis (USD MN)
- Rest of Middle East and Africa Market Analysis (USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisiton
LIST OF FIGURES
- Research Scope of Power Cable Report
- Market Research Process
- Market Research Methodology
- Global Power Cable Market Size, by Region (USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Installation
- Market Attractiveness Analysis by Voltage
- Market Attractiveness Analysis by End-User
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by Installation (USD MN)
- Overhead Market by Geography (USD MN)
- Underground Market by Geography (USD MN)
- Submarine Market by Geography (USD MN)
- Global Market Analysis by Voltage (USD MN)
- Up to 240V Market by Geography (USD MN)
- 240V – 1kV Market by Geography (USD MN)
- 1kV – 15kV Market by Geography (USD MN)
- 15kV – 100kV Market by Geography (USD MN)
- 100kV – 250kV Market by Geography (USD MN)
- Above 250kV Market by Geography (USD MN)
- Global Market Analysis by End-User (USD MN)
- Residential Market by Geography (USD MN)
- Commercial Market by Geography (USD MN)
- Industrial Market by Geography (USD MN)
- Utility Market by Geography (USD MN)
- Global Market by Revenue
- North America Market by Revenue
- Europe Market by Revenue
- Asia Pacific Market by Revenue
- Latin America Market by Revenue
- Middle East & Africa Market by Revenue
- Recent Development in Industry
- Company Market Share Analysis
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
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Objectives of Study
- Define and measure the global market
- Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments