The report "Medium
Voltage Cable & Accessories Market by Installation (Overhead,
Underground, and Submarine), Product (MI, XLPE Cables, Terminations, and
Joints), Voltage Range (1–5, 6–13, 23, 34, 45, 69 kV), End-User (Industrial,
Infrastructure, and Renewables), and Region - Forecast to 2022", The
global medium voltage cable & accessories market is projected to reach USD
56.2 billion by 2022 from an estimated USD 41.5 billion in 2017, at a CAGR of
6.3% from 2017 to 2022. This growth can be attributed to the changing trends in
the energy sector vis-à-vis increasing renewable energy-based power generation,
investment plans for expansion of T&D networks in developing economies,
revamp of the existing aging infrastructure, growing global power generation
capacity, and increasing demand for smart grid technology. Additionally, the
rapidly growing infrastructure industry in the emerging regions; and the rapid
pace of industrialization and urbanization are anticipated to drive market
growth.
Browse 132 market data Tables and 37 Figures spread
through 222 Pages and in-depth TOC on "Medium Voltage Cable &
Accessories Market - Forecast to 2022"
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The underground installation medium voltage cable
& accessories market is estimated to exceed USD 40 billion by 2022
The underground installation segment was the largest
medium voltage cable and accessories market in 2016 and is anticipated to
continue the momentum during the forecast period. Underground cables are safer
and have longer lift than overhead cables. Underground cables are capable of
absorbing emergency power loads and have better power loss characteristics.
These cables have the advantage of being installed in populated areas where the
land is unavailable. Rapid industrialization is one of the major factors
driving this market. Some of the benefits of installing power cables
underground include low transmission losses, absorption of emergency power
loads, low maintenance costs, and less susceptibility to the impact of severe
weather.
The 6–13 kV voltage range segment is projected to lead
the market during the forecast period
The 6–13 kV segment is estimated to dominate the market
until 2022. The growth of this segment can be attributed to its extensive use
in the utilities sector. This voltage range is used usually in indoor and
outdoor static installation and the renewable energy sector. Growth of the
renewables sector is expected to drive the growth of the segment over the
forecast period.
Asia Pacific is estimated to be the largest and the
fastest-growing medium voltage cable & accessories market until 2022
Asia Pacific led the medium voltage cable &
accessories market in 2016. It is predicted to be the largest and the
fastest-growing market till 2022. Europe is projected to be the second-largest
market by 2022. The primary reasons for the growth of both these markets
include the government initiatives for the improvement of T&D systems, an
increase in power demand, and favorable renewable energy policies in the key
countries of this market.
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Key Market Players
General Cable Corporation (US), Nexans S.A. (France), NKT
Group A/S (Denmark), Prysmian S.p.A. (Italy), Sumitomo Electric Industries,
Ltd. (Japan), Southwire Company, LLC (US), Kabelwerke Brugg AG Holding
(Switzerland), EL Sewedy Electric Company (Egypt), Leoni AG (Germany), ABB Ltd.
(Switzerland), The Okonite Company (US), Dubai Cable Company (Private) Ltd.
(UAE), TPC Wire & Cable Corp. (US), Bahra Advanced Cable Manufacture Co.
Ltd. (Saudi Arabia), Hendrix Wire and Cable (US), KABELWERK EUPEN AG (Belgium),
Tratos (UK), Cablel Hellenic Cables Group (Greece), Caledonian Cables Ltd (UK),
KEI Industries Limited (India), LS Cable & System Ltd. (South Korea),
Riyadh Cables Group Company (Saudi Arabia), Top Cable (Spain), Hebei New
Baofeng Wire & Cable Co., Ltd. (China), and Tele-Fonika Cable Americas
Corporation (US).
Nexans S.A. (France) is a global provider of cable
products and services. The company mainly focuses on four segments, namely,
electricity transmission and distribution (submarine networks and land-based
networks), energy resources (oil & gas and mining and renewables),
transport (rail, road, air, and sea), building (community facilities, housing,
and datacenters). It operates sales offices in 40 countries including
Australia, Belgium, Brazil, India, Russia, the Netherlands, and the UK. In
October 2016, the company launched EDRMAX to enable grid connection and
installation of renewable energy resources such as solar panels and wind
turbines which would drive the medium voltage cables and accessories market.
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Suite 430
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USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com
