High Voltage Cables Market Share, Growth, Opportunities 2031
High Voltage Cables Market Share, Growth, Opportunities 2031
Segments - High Voltage Cables Market 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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| Report ID :EP-2894
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| 233 Pages
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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 Summary2. 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 (000’ 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
Methodology
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