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High voltage cable (HVC) market is segmented by type (underground, submarine, overhead), end user & geography<br>https://www.alliedmarketresearch.com/high-voltage-cable-market
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High Voltage Cable Market Opportunities and Forecasts, 2014- 2022 No of Pages: 159 Published date: August - 2016
Introduction to High Voltage Cable Market • High Voltage Cable Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $47.1 billion by 2022, registering a CAGR of 6.7% during the forecast period 2016 - 2022. • HVCs operate at a voltage greater than 66KV, and are used for electric power transmission and distribution over long distance with minimum power loss. • The HVC market is largely driven by increase in investments in renewable energy projects and growth in urbanization, industrialization, and infrastructure in developing countries such as India, China, and Brazil. • HVCs are segmented into three types, which include overhead, underground, and submarine. The underground HVC segment holds a significant revenue share in the global HVC market, owing to the applications of these cables in various industries such as power utilities, mining, paper & pulp, and cement industry among others. • However, submarine cables are expected to witness the fastest growth during the forecast period, with a CAGR over 8%.
Introduction to High Voltage Cable Market • The growth would be driven by their applications in offshore power projects and oil & gas industry and their various competitive advantages over other cables such as presence of extra shield, armor, and protection & bedding. • Among the end user segment, industrial segment held the highest revenue share in 2015, owing to growing energy demand in industries such as oil & gas, mining, power utilities, and chemicals among others. • Renewable energy segment also contributed a significant revenue share of over 36% in the overall market in 2015. • However, infrastructure segment is expected to witness the fastest growth during the forecast period due to increase in urbanization in developing countries such as China and India. • Asia-Pacific is the largest revenue-generating region in this market, followed by Europe and North America.
High Voltage Cable Market Top impacting factor Top Impacting Factors
High Voltage Cable Market Dynamics • Drivers • Increasing Number of Renewable Energy Projects • Industrialization and Urbanization in Developing Countries • Increasing Number of Infrastructure in Developing Countries • Restraints • Volatile Prices of Metals Such Copper and Aluminum
Key Benefits of High Voltage Cable Market • A comprehensive analysis of the current trends and future estimations for the global high voltage cable market is provided. • The report presents the competitive scenario of the market with a detailed discussion on the current and future growth trends, market structure, driving factors, investment scope, profitable opportunities, and key challenges. • The report includes a detailed analysis of market segments to provide an insight on the market dynamics. • Porter’s Five Forces analysis is conducted to highlight the potential of buyers and suppliers as well as to provide insights on the competitive structure of the market for companies to devise effective growth strategies and facilitate better decision-making. • Value chain analysis provides key inputs on the role of stakeholders involved at various stages. • SWOT analysis of the key players highlights their strengths and weaknesses along with potential opportunities present in the market.
High Voltage Cable Market By Geography North America, Europe, China, LAMEA
Key Players of High Voltage Cable Market • ABB • Prysmin Group • General Cables Technologies Corporation • NKT Cables • Nexans
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