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(CityRegions.Com, September 06, 2017 ) Description:
Global High Voltage Cables Market is accounted for $28.0 billion in 2016 and expected to grow at a CAGR of 8.0% to reach $48.1 billion by 2023. The market is driven by growth of offshore wind farms, projects for grid interconnections, rise in the use of renewable, and need for efficient transmission systems. On the other hand, delays faced in the implementation of power projects and regulatory environment & funding are inhibiting the market growth.
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Underground cables are growing significantly owing to their advantages like longer life and lower operating costs. Submarine cables are anticipated to witness the fastest growth during the forecast period, because of various applications in offshore power projects and oil & gas industry. With regards to the end user segment, industrial segment held the highest revenue share, owing to growing energy demand in industries such as oil & gas, mining, power utilities, and chemicals.
Infrastructure segment is expected to witness the highest CAGR during the forecast period due to increase in urbanization in developing countries. Asia Pacific held the largest market share, followed by Europe and North America due to its strong layout of transmission plans. For instance, government in china is investing in creating infrastructure for renewable energy sources.
Some of the key players in Global High Voltage Cables Market are Sumitomo Electric Industries, Ltd.,Encore Wire Corporation, Brugg Kabel AG, Siemens Ag, Tele-Fonika Kable S.A., Dubai Cable Company Pvt. Ltd, Kerite, General Cable Corporation, Finolex and Cable Corporation of India Ltd.
Products Covered:
Overhead Products
Fixtures
Fitting
Conductors
Submarine & Underground Products
Cable Joints
Cable Terminations
MI Cables
XLPE Cables
End Users Covered:
Renewable Energy
Hydropower
Wind
Other Energy
Infrastructure
Residential Sector
Commercial Sector
Industrial
Chemical & Petrochemical
Mining
Power Utilities
Oil & Gas
Other Industrial Users
Type of Currents Covered:
HVAC Cables
HVDC Cables
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
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