Americas Medium-Voltage Cables Market to Witness Revolutionary Growth by 2027

 

According to the new market research report "Americas Medium-Voltage Cables Market by Insulation (XLPE, EPR, HEPR), Voltage (Upto 5 kV, 5-15 kV, 15-30 kV, 30-60 kV, 60-100 kV), Application (Underground, Overhead, Submarine), End User (Industrial, Commercial, Renewable) and Region - Forecast to 2027", published by MarketsandMarkets™, the Americas Medium Voltage Cables market size will grow to USD 14.2 billion by 2027 from USD 11.1 billion in 2022, at a CAGR of 5.1% during the forecast period.

The increase in renewable energy generation, the rapid pace of industrialization and urbanization, and the rising need to modernize legacy power infrastructure are driving the Americas Medium Voltage Cable market. The use of medium-voltage cables to supply power from a mobile substation to areas affected by weather-related accidents, natural disasters, and unpredictable power outages also propels the growth of the market. The strong focus of governments in the Americas on achieving the goal of net-zero carbon emissions and the increased participation of private players in the production of renewable energy are likely to boost the growth of the medium-voltage cables market in the US. Favorable government-led wind policies attract many large wind farm developers toward the regional market. The developments in technologies used in wind and solar farms, such as efficient cabling infrastructure, have led to the installation of new wind and solar farms in the region, thereby providing several opportunities for the Americas Medium-Voltage Cables Market.

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The cross-linked polyethylene (XLPE) segment, by insulation type, is expected to be the most significant Americas Medium Voltage Cables market during the forecast period.

Cross-linked polyethylene (XLPE) insulation has the largest share of the Americas Medium-voltage cable Market. XLPE insulation performs at both high and low temperatures. Due to its structure, XLPE is extremely resistant to abrasion and other wear and tear. It also boasts resistance to high-voltage electricity, chemicals, and other hazardous materials. Cross-linked polyethylene insulation is also a more affordable option. The North American region is contributing to the highest market share of Americas medium-voltage cables during the forecast period.

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153 – Tables
61 – Figures  
229 – Pages

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By Voltage, the 60-100 kV segment is expected to grow at the highest CAGR during the forecast period

By voltage, the Americas Medium-Voltage cable market has been segmented into the upto 5 kV, 5–15 kV, 15–30 kV, 30–60 kV, and 60–100 kV segments. The 60–100 kV segment is expected to be the fastest-growing segment during the forecast period. These types of cables consist of stranded copper or aluminum conductors, clean cross-linked polyethylene (XLPE) insulation, and a polyethylene jacket with emitting insulation systems and are mainly used by utilities for transmission and distribution networks. The growth of the segment is due to an increase in utility projects in North America and South America. 

South America is expected to be the fastest Americas Medium-Voltage Cables Market

South America is expected to dominate the Americas Medium-Voltage Cables Market during the forecast period. Brazil is the largest renewable market in the South America region, hydro and wind are two of the major sources of renewable power generation. The increasing investments in renewable energy sources are expected to be the major factor driving the demand for the medium-voltage cable market in South America.

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Some of the major players in the Americas Medium-Voltage Cables Market are Prysmian Group (Italy), Southwire Company (US), Nexans (France), NKT (Denmark), LS Cable & System (South Korea), TFKable (Poland), Sumitomo Electric Industries (Japan), and HELUKABEL Group (Germany). The major strategies adopted by these players include acquisitions, sales contracts, product launches, agreements, alliances, partnerships, and expansions. 

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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, "Knowledge Store" 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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Inverter Market Report Global Industry Statistics & Regional Outlook to 2027

The report "Inverter Market by Type (Solar Inverters, Vehicle Inverter, others), Output Power Rating (Upto 10 kW, 10-50 kW, 51-100 kW, above 100 kW), End User (PV Plants, Residential, Automotive), Connection, Voltage, Sales Channel & Region - Global Forecast to 2027", is expected to grow at a CAGR of 15.7% during the forecast period, from an estimated USD 16.3 billion in 2022 to USD 33.8 billion in 2027. Increasing adoption of inverters worldwide in case of power back-ups, rise in the investments and technological developments in PV systems to generate clean power is fueling demand for inverters. The rise in the roof top installations, and developments in the smart grid infrastructure are creating numerous opportunities for inverter manufacturers.

Browse 174 market data Tables and 59 Figures spread through 223 Pages and in-depth TOC on "Inverter Market - Global Forecast to 2027"

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The 100–300 V, by output voltage, is expected to be the largest and fastest inverter market during the forecast period

The 100–300 V holds the largest share of the global inverter market. The increase in the urbanization has increased the electricity demand in the various sectors. One such sector is residential sector where there is increased electricity demand. The AC voltage that is operated in this sector generally lies in between 100–300 V. Due to rise in the number of roof-top solar installations and as well as the power backup systems in households. This is fuelling the demand for inverters which are in connection with the PV systems and power backup systems in the range of 100–300 V in the market.

Above 100 kW segment is anticipated to be the fastest-growing inverter market by output power rating, during the forecast period

Above 100 kW segment is expected to have the largest market share during the forecast period. Government initiatives in increasing the renewable energy mix in their countries contributed to the rise in the developments of PV plants is fuelling the demand for above 100 kW output power rating inverters. The expanding automotive industry towards manufacturing electric vehicles is also contributing to the growth of the segment.

Asia Pacific is expected to dominate the global inverter market during the forecast period

In this report, the inverter market has been analyzed for 5 regions, namely Asia Pacific, North America, Europe, Middle East & Africa, South America. Asia Pacific is expected to lead the market during the forecast period.

The inverter market in Asia Pacific is witnessing significant developments in the renewable energy generation due to climate change actions taken by various countries in the region, which has supported the demand for inverters across countries of the region. China is among the fastest growing economies in the world and the increase automation in the country has tremendously increased power generation and consumption. These factors have made China one of the most lucrative markets for the power industry. Moreover, the government policies and schemes supporting solar energy generation in the country is expected to contribute to the growth of the inverter market in Asia Pacific. Policies like feed-in-tariff, and net metering have also been designed to support the growth of roof top solar installations. These factors are likely to create a huge demand for inverters in the region.

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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 inverter market. These include Huawei Technologies (China), Sungrow Power Supply (China), SMA Solar Technology (Germany), Power Electronics (Spain), FIMER (Italy). The leading players are trying to establish themselves in the markets of developed countries and are adopting various strategies such as product launches, contracts, agreements, partnerships, collaborations, alliances, acquisitions, and expansions to increase their respective market shares.

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. Aashish Mehra
MarketsandMarkets™ INC.
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newsletter@marketsandmarkets.com

Switchgear Market to Witness A Phenomenal Growth by 2027

 According to the new market research report "Switchgear Market by Insulation (Gas-insulated Switchgears, Air-insulated Switchgears), Installation (Indoor, Outdoor), Current (AC, DC), Voltage (Low (up to 1 kV), Medium (2–36 kV), High (Above 36 kV), End User and Region - Global Forecast to 2027", published by MarketsandMarkets™, the Switchgear Market size is estimated to be USD 120.1 billion by 2027 (forecast year) from USD 90.9 billion in 2022 (estimated year), at a CAGR of 5.7% during the forecast period. The Switchgear Market, is expected to witness significant growth during the forecast period, owing to the strengthening of power distribution infrastructure, increase in renewable energy capacity addition, and increased investment in industrial production. However, emerging smart technologies and digitalization along with the growing usage of high-voltage direct systems will also drive the market for switchgear.

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Air-insulated switchgears is expected to occupy majority of the Switchgear Market share

Air-insulated switchgears segment, by insulation, is projected to hold the highest market share during the forecast period owing to the rising demand from the expanding distribution networks, industries, and commercial and residential sectors. AIS is a common type of low and medium-voltage switchgears. They are relatively cost-effective, pollution-free, and have simple construction compared to gas-insulated switchgears.

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152 – Tables
62 – Figures  
250 – Pages

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Medium voltage segment by voltage is expected to grow at the highest CAGR from 2022 to 2027

Based on the voltage, the medium (2–36 kV) voltage segment is estimated to be the fastest-growing market from 2020 to 2027. They are generally used in all end-user segments, particularly in the manufacturing and process industries and T&D utilities. They protect industrial equipment, such as generators, motors and compressors, HVAC & air conditioning, heating & lighting equipment, overload current protection, and T&D sub-stations. Diesel-electric locomotives are rapidly being replaced by electric or battery-electric locomotives to reduce emissions in the railways sector which is expected to drive the growth of the medium (2–36 kV) voltage Switchgear Market.

Asia Pacific likely to emerge as the largest Switchgear Market

Asia Pacific accounted for the largest share in the global Switchgear Market during the forecast period. The rapid industrial growth is expected to drive the market of switchgear in the region. Also, the growth of population in the region will expand the housing infrastructure. Major economies such as China, Japan, and India have set ambitious natural gas and solar & wind-based renewable power generation targets to diversify their energy mix in the coming years. Therefore, efforts are being taken across these countries to upgrade aging infrastructure to ease the integration of renewables in the national grid. Electrification is also being carried out rapidly in this region, especially in remote parts. This could be a driving factor for the growth of the switchgear in Asia Pacific.

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Schneider Electric (France), ABB (Switzerland), General Electric (US), and Eaton (Ireland), and Siemens (Germany), and are the key players in the global Switchgear 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 pain points 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, "Knowledge Store" 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. Aashish Mehra 
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: newsletter@marketsandmarkets.com