High Voltage Cables and Accessories Market COVID-19 Impact Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2028
The study of the High Voltage Cables and Accessories Market Report is conducted on the basis of an important research methodology that provides an analytical examination of the global market based on various segments.
Dallas, United States – May 26, 2021 /MarketersMedia/ —
High voltage power transmission is the most significant application of the high voltage/shielded cables. Multiples types of product components used in the production of high voltage cables includes conductor, conductor shields, semi-conducting insulation shields, insulators, metallic insulation shields and sheath. The high voltage cable market is segmented based on the types into mass-impregnated (MI), cross-linked polyethylene(XLPE), bare conductors and accessories like terminations and cable joints. High voltage incorporated with accessories are specifically used in long distance electricity transport whereas MI and XLPE are explicitly used for underwater and underground cable systems.
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Key companies operating in this industry are Baosheng High Voltage Cable, Kabelwerke Brugg, Jiangnan Group, EL Sewedy Electric Company, LS Cable & System, Nexans S.A., Sumitomo Electric Industries, General Cable Corporation, Dubai Cable Company Ltd., Southwire Company, Tianjin Suli Cable Group, Furukawa Electric, , Tele-Fonika Kable Sa, NKT Cables Group A/S, and Prysmian S.P.A.
The use of high voltage cables and accessories is regulated post relevant series of tests in coherence with national and international standards to identify the fully functional cables separate from the faulty one’s. three types of high voltage cables used include short, medium and long cables with short cables used widely in industrial devices whereas the long high voltage cables are applied underground for power distribution in industrial plants. The major benefits attributed to the high voltage cables boosting the market growth include increased efficiency, reduction of line current for particular amount of power and improved voltage regulation. The power industry is responsible for the excessive demand as it requires advanced networks for power transmission.
Based on the installation, the global high voltage and cables market is fragmented into overhead, underground and submarine cables. The underground High Voltage Cables (HVC) segment accounts for majority of market share in the global market attributed to higher accuracy levels determining power loss as compared to the overhead voltage cables. Moreover, submarine high voltage cables market segment is expected to witness highest growth rate during the forecast whereas the overhead HVCs due to their fading market hold and high power loss.
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The vast range of industrial applications suggests government, private manufacturers and service providers to heavily replace the traditional old network systems with advanced technologies which is deliberately increasing the product demand for highly efficient cables and accessories which thus is boosting the high voltage cable market growth. Countries with significant market opportunities and increasing demand for high voltage cables include U.S., Canada, China, India, Japan, France, Germany, Italy, Spain, UK, Argentina, Brazil and the rest of the world. Recent activities in the fields of off-shore wind farm activities, grid interconnections and high voltage transmission links is expressing growth in the respective sector which is potentially considered to influence the growth of high voltage cable market.
Key Segments of the Global High Voltage Cables & Accessories Market
Installation Overview, 2018-2028 (USD Billion)
• Overhead
• Underground
• Submarine
Voltage Overview, 2018-2028 (USD Billion)
• 100 – 250 KV
• 251 – 400 KV
• Above 400 KV
Regional Overview, 2018-2028 (USD Billion)
North America
• U.S.
• Canada
Europe
• UK
• Germany
• France
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Middle East and Africa
• UAE
• South Africa
• Rest of Middle East and Africa
South America
• Brazil
• Rest of South Americ
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