High Voltage Cables and Accessories Market to Witness A Phenomenal Growth by 2028

According to a research report, the high voltage cables and accessories industry is projected to reach USD 52.5 billion by 2028 from an estimated USD 40.0 billion in 2023, at a CAGR of 5.6% during the forecast period.​

High voltage cables and accessories are essential as they facilitate the efficient and reliable transfer of electricity from power plants to power utilities, renewables and industries over long distances. It offer insulation and protection to prevent electrical leakage and reduce power losses. Accessories are essential components utilized to establish secure connections and maintain the seamless flow of power, ensuring the integrity of the system.​

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The power utilities, by end user, is expected to grow be the largest segment during the forecast period.

​Based on end user, the market has been split into power utilities, renewables, and indusrials. The power utilities segment is anticipated to be the largest during the forecast period. Power utilities industry is growing in high voltage cables and accessories market because of rising demand for electricity due to industrialization, urbanization, population growth etc. It is also growing due to factors like renewable energy integration, grid modernization, infrastructure expansion, and advancements in cable technology.

This research report categorizes the high voltage cables and accessories industry by component, power source, application, and region.

On the basis of by product type:

• Cables
  • XLPE Cables (Cross-linked Polyethylene)
  • EPR Cables (Ethylene-Propylene Rubber)
  • HEPR Cables (High Modulus Ethylene-Propylene)
  • MI Cables (Mass Impregnated)
• Accessories
  • Cable Joints
  • Cable Terminations
  • Fittings & Fixtures
  • Others

On the basis of voltage:

• 72.5 kV
• 123 kV
• 145 kV
• 170 kV
• 245 kV
• 400 kV and above

On the basis of installation:

• Overhead
• Underground
• Submarine

On the basis of conductor type:

• Copper
• Aluminum

On the basis of end user:

• Power Utilities  
• Renewables      
• Industrial
  • Oil & Gas
  • Chemicals & Petrochemicals
  • Metals & Mining
  • Others

On the basis of region:

• Asia Pacific
• Europe
• North America
• Middle East & Africa
• South America

​The underground segment, by installation, is expected to grow at the second-highest CAGR during the forecast period.

​This report segments the high voltage cables and accessories market based on installation into three segments: overhead, underground, and submarine. The underground segment is expected to be the second-fastest growing segment during the forecast period. Underground installation is essential as it offers enhanced reliability as they are less susceptible to weather-related disruptions leading to fewer power outages and a more dependable electrical supply. Underground cables provide flexibility for future expansion and urban planning, allowing for easier integration with new infrastructure projects and accommodating growing power demands.

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Asia Pacific is expected to be the largest region in the market

​Asia Pacific is expected to be the largest high voltage cables and accessories industry during the forecast period. Industries in Asia Pacific is constantly evolving, with new developments and emerging trends emerging. Some key trends such as the growth in the energy consumption of the region, coupled with development of infrastructure and energy projects drive the market for high voltage cables and accessories with the rising need for effective power transmission and distribution.

Centrifugal Pump Industry to Penetrate Untapped Regions During 2023 – 2028

The global centrifugal pump industry is estimated to grow from USD 39.7 billion in 2023 to USD 51.5 billion by 2028, at a CAGR of 5.4% during the forecast period. The requirement for desalination and water treatment has also contributed to the growth opportunities for centrifugal pump manufacturers. Desalination plants rely on centrifugal pumps for seawater intake, brine circulation, and product water transfer. As water scarcity becomes a pressing issue in many regions, the demand for desalination and water treatment solutions is rising, thereby driving the demand for centrifugal pumps in industrial sector.

Key Market Players

Xylem Inc. (US), Sulzer (Switzerland), KSB (Germany), Grundfos Holding A/S (Denmark), and Flowserve Corporation (US) are some of the prominent companies in this market.

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Based on type, the market has been categorized into overhung impeller, between bearing, and vertically suspended. The market is dominated by overhung impeller type of centrifugal pumps. One common application of overhung impeller centrifugal pumps is in water supply systems for residential and commercial settings. Their compact design makes them a preferred choice in these environments where space is limited. As a result, the overhung impeller segment is projected to dominate the centrifugal pump market during the forecast period, driven by their increased usage in industrial and commercial applications. 

Based on operation type, the market has been categorized into below electrical, hydraulic, and air-driven. Within the oil and gas industry, centrifugal pumps serve crucial roles in various applications. They are utilized for main oil line transfer, seawater lifting, effluent treatment, boiler feeds, and more. When it comes to artificial lifts carrying moderate to high fluids from wellbores, electrical centrifugal pumps prove to be efficient and reliable. One significant advantage of these pumps is their ability to prevent the formation of vapor cavities in liquids. They find application in both open-pit and bore well scenarios.

This report segments the centrifugal pump industry based on end user into Based on end user, the centrifugal pump market has been classified into industrial, and residential & commercial. The industrial segment has been further segmented into oil and gas, water and wastewater, mining and metal chemicals, power generation, pharmaceuticals, food & beverage, pulp and paper, agriculture, automotive, and textiles. The industrial segment holds the largest market share of the centrifugal pump market. Centrifugal pumps can handle any kind of debris (stones, sticks, sand, mud, or trash) that can fit through the opening. These are used in feeding filter presses, digestion tanks & thickeners, and pumping stations. They are also used in dosing applications in wastewater treatment processes. The demand for centrifugal pumps in the mining and metals industry is being driven by new infrastructure development projects taking place across the fast-growing economies of Asia Pacific. Such initiatives propel the growth of the centrifugal pump market for the mining and metals industry.  

Asia Pacific is the fastest-growing region in the centrifugal pump industry. The rising population and resulting increase in electricity demand are anticipated to fuel market growth. The industrial sector has fueled the demand for additional power and is anticipated to expand the market for centrifugal pumps in the power generation industry in the region.

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 The key players in the market include Grundfos Holding A/S (Denmark), Xylem Inc. (US), KSB (Germany), Sulzer (Switzerland), and Flowserve Corporation (US). Strategies such as product launches, partnerships, collaboration, acquisitions, and contracts increase their share in the market. Companies are focussing on manufacturing solar powered centrifugal pumps a new range of pump wherein the pumps utilize solar energy to pump water for irrigation purposes, offering numerous advantages over traditional fuel-based pumps. Farmers can save on fuel expenses and eliminate the dependence on unreliable power grids, making solar water pumps a financially viable and sustainable solution. Furthermore, solar water pumps are environmentally friendly. They produce clean energy, reducing carbon emissions and minimizing the ecological footprint of agricultural activities.

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Recycling Water Filtration Market Outlook 2023 – Huge Growth, Trends, Revenue And In-Depth Analysis 2028

The Recycling water Filtration Market is projected to reach USD 3.8 billion by 2028 from an estimated USD 2.7 billion in 2023, at a CAGR of 7.5% during the forecast period. Recycling water filtration refers to the process of treating used water and filtering it to a quality suitable for reuse. This can be done for a variety of purposes, including potable and non-potable water and environmental restoration. It encompasses the technologies and equipment involved in purifying used water for reuse in various applications. It plays a critical role in water sustainability and conservation by turning wastewater into a valuable resource. Recycling water filtration tackles the challenge of water scarcity by treating wastewater from diverse sectors like oil and gas, food and beverage, farms, and power generation for reuse.

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Some key trends in the Recycling water Filtration Market include a growing emphasis on advanced filtration technologies, increased adoption of decentralized water treatment systems, rising demand for smart and sustainable solutions, integration of Automation and AI for efficient monitoring and management, and a focus on circular economy principles to enhance water sustainability.

This report segments the Recycling water Filtration Market based on product type into sand filters, multimedia filters, activated carbon filters, and membrane filters. The multimedia filter segment is the second largest segment in the market, based on the product type. Multimedia filters typically include anthracite, sand, and garnet due to their varying densities. In contrast to conventional sand filters that rely on a single media type, multimedia filters leverage a multi-layered design to enhance particle removal efficiency. The growing demand for multimedia filters in the market is driven by their effectiveness in removing various contaminants, adaptability to diverse water sources, and increasing awareness of the importance of comprehensive water treatment for sustainable and clean water initiatives.

This report segments the recycling water filtration market based on membrane type into reverse osmosis membranes, ultrafiltration membranes, microfiltration membranes, and nanofiltration membranes. The reverse osmosis (RO) membrane type is the fastest-growing segment and is experiencing a significant surge in demand within the recycling water filtration market. Reverse osmosis membranes boast exceptional capabilities to remove a wide range of contaminants, including salts, minerals, dissolved organics, and even certain microorganisms, resulting in high-quality recycled water suitable for diverse. These membranes offer efficient filtration with lower energy consumption compared to some alternatives, reducing operational costs and environmental impact. They also create multi-stage systems that deliver superior water quality and address diverse treatment needs.

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The evolving landscape of water treatment technologies presents a significant opportunity for the recycling water filtration market to thrive and expand its impact on sustainable water management. With developments such as nanotechnology, photocatalytic water purification technology, and automated variable filtration technology, the market for recycling water filtration is poised for substantial growth. Developing high-performance membranes, that reduce replacement rates of the filters, opens avenues for more efficient and cost-effective water treatment processes. Furthermore, the driving need for digitalization and predictive maintenance of the filtration products used in water recycling, is anticipated to propel the market growth.

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Contact:
Mr. Rohan Salgarkar
MarketsandMarkets Inc.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: newsletter@marketsandmarkets.com