According to the new market research report "High
Voltage Cables & Accessories Market
by Installation (Overhead, Underground, Submarine), Products (MI, XLPE Cables,
Terminations, Joints, Conductors, Fittings & Fixtures), Voltage (72.5, 123,
145, 170, 245, 400 kV & Above) & Region - Forecast to 2022",
the high voltage cables and accessories market is expected to grow from an
estimated value of USD 30.53 Billion in 2017 to USD 40.90 Billion by 2022, at a
CAGR of 6.02%, from 2017 to 2022. The global market is set to witness a
significant growth due to the increasing investments in offshore wind, grid
interconnections, and increase in power generation.
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The XLPE cables segment is expected to hold the largest share of the underground high voltage cables and accessories market, by product type, during the forecast period
XLPE (cross-linked polyethylene) cables are the most
commonly used cables in underground systems. The cable technology gained a
significant advancement which has enabled the use of XLPE cables over the
fluid-filled cable technology. XLPE provides insulation to cables to make it
withstand the electric field under rated and transient operating conditions.
The XLPE cable was the largest segment in the underground cable systems market
in 2016. The market in Asia Pacific is the largest market for XLPE cables segment because of the
investments in the transmission and distribution sector, increasing power
generation, and growth in offshore wind farms. All these factors are expected
to boost the XLPE cables segment in
high voltage cables and accessories market.
Browse and in-depth TOC on “High Voltage Cables & Accessories Market”
215 – Tables
44 – Figures
235 – Pages
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400 kV and above dominates
the high voltage cables and accessories market
The 400 kV and above segment held the largest market
share under the voltage range segment in 2016. The liking of grids and
transmission infrastructure between countries have resulted in the 400 kV and
above segment accounting for the largest market share. These cables find
applications in transmission and distribution, grid interconnection, and other
energy industries.
Asia Pacific is the dominant
market for high voltage cables and accessories
In this report, the high voltage cables and accessories
market has been analyzed with respect to five regions, namely, North America,
Europe, Asia Pacific, the Middle East & Africa, and South America. Asia
Pacific is the largest market for high voltage cables and accessories among
other regions studied in this report. This region will continue to dominate the
high voltage cables and accessories market, during the forecast period. China
is the largest market for high voltage cables and accessories market in the
region. Governments, private players, service providers, and cables and
accessories manufacturers are also continuously trying to integrate their
existing technologies and develop new ones extensively to meet the growing
demand from this region. The high voltage cables and accessories markets in
countries, such as India, Japan, and Malaysia are expected to grow at moderate
rates.
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To provide an in-depth understanding of the competitive
landscape, the report includes profiles of some of the leading players in the high voltage cables and accessories market,
such as, Prysmian S.p.A (Italy), Sumitomo Electric Industries, Ltd. (Japan),
Nexans S.A. (France), NKT Cables Group A/S (Denmark), and General Cable
Corporation (US). The leading players are trying to establish themselves in the
markets in developing economies and are adopting various strategies to increase
their market shares.
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