Medium Voltage Cable & Accessories Market Revenue to Hit $56.2 billion by 2022 | Leading key players: Nexans, General Cable Corporation, Prysmian, NKT Group, LS Cable & System

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.

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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.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Subsea Well Access System Market Demand to Approach $3.62 Billion by 2022 | Leading key players: Aker Solutions, Baker Hughes Incorporated, Circle T Service & Rental, COR International, Diamond Offshore Drilling

The report "Subsea Well Access System Market by Type (Rig-Based and Vessel-Based), and Region - Global Forecasts to 2022", The subsea well access system market is expected to grow from an estimated USD 2.86 Billion in 2017 to USD 3.62 Billion by 2022, at a CAGR of 4.79%. The subsea well access system market is set to witness growth, due to increasing new offshore discoveries and demand for well access system in subsea.

                                  

Browse 96 Market Data Tables and 42 Figures spread through 164 Pages and in-depth TOC on "Subsea Well Access System Market - Global Forecasts to 2022"

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The rig-based well access system is expected to hold the largest share of the subsea well access system market, by type, during the forecast period

The rig-based well access system dominated the subsea well access system market during the forecast period. The market in Europe is the largest market consisting large number of existing wells which require substantial overhaul. The increase in demand from deep offshore oil & gas fields, is expected to drive the rig-based well access system segment.

North America: The leading market for the subsea well access system market

The market in North America is expected to dominate the global subsea well access system market, given growing unconventional hydrocarbon production in the region.  The region is the new swing producer in global oil markets owing to the boom in production from both shale operations and deepwater exploration and production in the Gulf of Mexico. Exploration and production activities in the region are also expected to gain momentum with increased capital spending by major oil companies. All these factors are expected to drive the North American subsea well access system market.

The research report categorizes the subsea well access market to forecast the revenues and analyze the trends in each of the following sub-segments:

Subsea Well Access Market By Type

·         Vessel based

·         Rig based

·         Completion Workover Riser System

·         Landing String System

·         Others

Subsea Well Access Market By Type

·         Annular BOP

·         RAM BOP

Subsea Well Access Market By End-User

·         Offshore

·         Onshore

Subsea Well Access Market By Region

·         Asia Pacific

·         Europe

·         North America

·         Middle East

·         Africa

·         South America

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To enable an in-depth understanding of the competitive landscape, the report includes some of the top players in the subsea well access system market. These players include Aker Solutions (Norway), Baker Hughes Incorporated (U.S.), Circle T Service & Rental, Ltd. (Canada), COR International, LLC (U.A.E.), Diamond Offshore Drilling, Inc. (U.S.), Drilling Services Limited (U.K.), Dril-Quip, Inc. (U.S.), GE Oil & Gas (U.K.), Halliburton Company (U.S.), Island Offshore (Norway), Key Energy Services (U.S.), KIT Oil and Gas Equipment Industry, LLC (U.A.E.), National Oilwell Varco, Inc. (U.S.), Oceaneering International, Inc. (U.S.), Optime Subsea Services (U.S.), Parker Hannifin, Corp. (U.K.), Proserv (U.S.), Rongsheng Machinery Manufacture, Ltd. Of Huabei Oilfield Hebei (China), Schlumberger Limited (U.S.), TechnipFMC, PLC (U.S.), Tenaris (Luxembourg), UZTEL S.A. (Romania), Vallourec (France), Weatherford International Limited (U.S.), and 4Subsea (Norway)  among others. Leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market share.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Mr. Sanjay Gupta
MarketsandMarkets™ INC.
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Email: newsletter@marketsandmarkets.com

Cryogenic Equipment Market is Projected to Reach $17.1 Billion by 2025 | Leading key players are Linde plc, Chart Industries, Parker Hannifin, Flowserve Corporation, Emerson, Air Products, INOXCVA

According to the new market research report "Cryogenic Equipment Market by Equipment (Tanks, Valves, Vaporizers, Pumps, Others), Cryogen (Nitrogen, Argon, Oxygen, LNG, and Others), End-User (Energy & Power, Chemicals, Metallurgy, Electronics, Shipping, and Others), and Region - Global forecast to 2025" the Cryogenic Equipment Market is projected to reach USD 17.1 billion by 2025 from an estimated USD 12.6 billion in 2020, at a CAGR of 6.4% during the forecast period. Increasing demand for industrial gases and investments in LNG infrastructure is driving the Cryogenic Equipment Market. Moreover, the increasing demand for industrial gases from cryogenic energy storage and cryoelectronics manufacturing is likely to bring opportunities for the Cryogenic Equipment Market.

The vaporizer segment is expected to grow at the highest CAGR from 2020 to 2025.

Cryogenic vaporizers are used for high volume vaporization and regasification of industrial gases like LNG to release them in a controlled flow. The various types of vaporizers are ambient vaporizers, water bath vaporizers, shell and tube vaporizers, electric vaporizers, and well service vaporizers. Industries like metallurgy and chemicals are observing increasing consumption for industrial gases. For this, the industries have to set up air separation units at their manufacturing sites. These air separation units involve different types of vaporizers for converting the cryogenic liquid back into gaseous form for end-use purposes. These factors have increased the demand for vaporizers.

Browse in-depth TOC on "Cryogenic Equipment Market"

119 – Tables

34 – Figures  

169 – Pages

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The Nitrogen segment is expected to lead the global Cryogenic Equipment Market during the forecast period.

Nitrogen is mostly used in industries like energy & power for enhanced oil recovery. It is mostly used in fertilizer and chemical industries. Fertilizer is the major consumer of nitrogen. In 2019, According to the National Center for Biotechnology Information, every year, 50 million tons of nitrogen are produced. This growth rate stimulated the demand for equipment to handle and manage the Nitrogen. However, the cryogen equipment market for nitrogen is mature; thus, there is a lesser year on year demand for nitrogen handling and cryogenic transportation equipment.

The electronics segment is expected to grow at the highest CAGR in the global Cryogenic Equipment Market during the forecast period.

Cryogenics has vast applications in the electronics industry. Cryogenic processing extends the life of the circuit boards. They are also employed in switching devices, semiconductor, and superconductor devices since low temperature decreases the resistance of materials. Cryogenic milling and freezer grinding are some of the other processes that happen in the electronic industry. Cryogenic equipment such as semiconductor grade vaporizers and tanks are commonly used. Increasing the construction of air separation units for the electric industry is likely to drive the Cryogenic Equipment Market during the forecast period.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Cryogenic Equipment Market.

Some of the key players are Linde plc (Ireland), Chart Industries (US), Air Products (US), INOXCVA (India), Taylor Wharton (Japan), and Cryofab (US). The leading players are adopting various strategies to increase their share in the Cryogenic Equipment Market. Contracts & agreements, and mergers & acquisitions have been a widely adopted strategy by the major players in the Cryogenic Equipment Market.

Browse Related Reports:

Cryogenic Pump Market by Type (Centrifugal, Positive Displacement), by Gas (Nitrogen, Oxygen, Argon, LNG, and Others), by End-User (Energy & Power, Chemicals, Metallurgy, Electronics, and Others), & by Region - Global Trends & Forecasts to 2021

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com