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High Voltage Cables Market Share, Growth, Opportunities 2031

High Voltage Cables Market

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Segments - by Voltage Levels (Greater than 330KV, 115KV - 330KV, and 50KV - 110KV), Types of Transmission (HVAC and HVDC), and Locations of Deployment (Submarine Cables, Underground Cables, and Overhead Cables), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

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Author:

Aamir Ansari

Fact-checked by:

Vineet Pandey

Editor:

Swapnil Hedau

Report Description

The global high voltage cables market size is projected to register a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to rising adoption of renewable sources and displacement of old grid infrastructure with smart grids.

High voltage cable is suitable for being run overhead, underwater, and underground. It has a wide array of applications including instruments, ignition systems, and alternating & direct current power transmission.

The crucial structural variation between high voltage cables from other cables is the existence of additional inner layers in the insulation portion that supports to control the electric flow around the conductor. It helps in conquering the power dissipation during large range transmissions. High voltage cables are found to be more efficient than other type of voltage cables in power transmission. These cables can run be used as overhead cables and submarine cables for power transmission.

Markets Trends, Drivers, Restraints and Opportunity

Growing government initiatives supporting offshore power projects and smart grid technology is estimated to positively influence the market growth during the forecast period.
Rising demand for electrical power from remote areas is anticipated to drive the market growth.
Increasing stipulation for reduction of losses in distribution network and transmission is expected to spur the market growth.
Delay in development of power stations can create challenges for the market in the coming years.
Unstable price of raw materials and environmental and complicated compliance processes can restrain the market growth.
Expanding orders of high voltage cables due to upcoming renewable energy projects are likely to come up with opportunities for the market during the forecast period.

Scope of the Report

The report on the global high voltage cables market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	High Voltage Cables Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Voltage Levels (Greater than 330KV, 115KV - 330KV, and 50KV - 110KV), Types of Transmission (HVAC and HVDC), and Locations of Deployments (Submarine Cables, Underground Cables, and Overhead Cables)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Prysmian SpA; Nexans SA; Finolex Cables Ltd; Cable Corporation of India Limited; and ABB Ltd

High Voltage Cables Market Segment Insights

Greater than 330KV segment is projected to hold a significant market share

Based on voltage levels, the market is divided into greater than 330KV, 115KV - 330KV, and 50KV - 110KV. The greater than 330KV segment is estimated to account for a significant market share during the forecast period owing to increasing use of 330KV voltage level and high voltage level of cables in the transmission lines. Moreover, high voltage cables are used for distribution application in different end-use industries such as power utilities, cement, and mining and mass power transmissions.

HVDC segment is anticipated to expand at a substantial CAGR

On the basis of types of transmission, the high voltage cables market is bifurcated into HVAC and HVDC. The HVDC segment is projected to expand at a considerable CAGR during the forecast period. Growing amount of HVDC connections is driving the segment growth. Furthermore, HVDC cable transmissions provide numerous technical advantages, such as improved system stability, lower losses, and enhanced reliability is anticipated to fuel the growth rate.

Overhead cables segment is expected to register at a rapid pace

In terms of locations of deployments, the market is segregated into submarine cables, underground cables, and overhead Cables. The overhead cables segment is anticipated to expand at a rapid pace during the forecast period on account of its easy installation and low transmission loss for long distances. On the other hand, the submarine cables is expected to hold a considerable market share in the projected timeline.

Asia Pacific to constitute a considerable market share

Based on regions, the high voltage cables market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia pacific is expected to constitute a key share of the market during the projected period. Rising population, which has conclusively increased the power demand, and rapid urbanization are key drivers of the regional market growth. Technological developments and rural electrification establishments by other countries have together acted as the driving forces for the high voltage cables market growth in the region.

Segments

Voltage Levels

Greater than 330KV
115KV - 330KV
50KV - 110KV

Types of Transmission

HVAC
HVDC

Locations of Deployment

Submarine Cables
Underground Cables
Overhead Cables

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key players

Prysmian SpA
Nexans SA
Finolex Cables Ltd
Cable Corporation of India Limited
ABB Ltd

Competitive Landscape

Key players competing in the global high voltage cables market are Prysmian SpA; Nexans SA; Finolex Cables Ltd; Cable Corporation of India Limited; and ABB Ltd.

Companies are focusing on partnering with local manufacturers and collaborating with other industry players to expand their market share.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. High Voltage Cables Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. High Voltage Cables Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. High Voltage Cables Market - Supply Chain
  4.5. Global High Voltage Cables Market Forecast
     4.5.1. High Voltage Cables Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. High Voltage Cables Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. High Voltage Cables Market Absolute $ Opportunity
5. Global High Voltage Cables Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. High Voltage Cables Market Size and Volume Forecast by Types
     5.3.1. HVAC HVDC
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global High Voltage Cables Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. High Voltage Cables Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global High Voltage Cables Demand Share Forecast, 2019-2026
7. North America High Voltage Cables Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America High Voltage Cables Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America High Voltage Cables Market Size and Volume Forecast by Types
     7.4.1. HVAC HVDC
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America High Voltage Cables Demand Share Forecast, 2019-2026
8. Latin America High Voltage Cables Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America High Voltage Cables Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America High Voltage Cables Market Size and Volume Forecast by Types
     8.4.1. HVAC HVDC
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America High Voltage Cables Demand Share Forecast, 2019-2026
9. Europe High Voltage Cables Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe High Voltage Cables Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe High Voltage Cables Market Size and Volume Forecast by Types
     9.4.1. HVAC HVDC
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe High Voltage Cables Demand Share Forecast, 2019-2026
10. Asia Pacific High Voltage Cables Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific High Voltage Cables Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific High Voltage Cables Market Size and Volume Forecast by Types
     10.4.1. HVAC HVDC
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific High Voltage Cables Demand Share Forecast, 2019-2026
11. Middle East & Africa High Voltage Cables Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa High Voltage Cables Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa High Voltage Cables Market Size and Volume Forecast by Types
     11.4.1. HVAC HVDC
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa High Voltage Cables Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global High Voltage Cables Market: Market Share Analysis
  12.2. High Voltage Cables Distributors and Customers
  12.3. High Voltage Cables Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Prysmian SpA Nexans SA Finolex Cables Ltd Cable Corporation of India Limited ABB Ltd

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