Press release
Medium Voltage Cables & Accessories Market – Opportunities in Key Application Sectors by 2025
The main objective of this report is to define, describe, and forecast the global “Medium Voltage Cables & Accessories” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Medium voltage cables are a category of cables defined by the International Electrochemical Commission with voltage ranging above 1kV to maximum 100kV. Medium voltage cables and accessories provide power in unusual events of unpredictable power outage, distribution of power in remote areas, and applications ranging between 5kV up to 35kV. Medium voltage cables and accessories is generally a single standalone block which can withstand without any additional block for its support. Medium voltage cables are used for power distribution and electric power transmission. Medium voltage cables & accessories are widely used in commercial and industrial sectors.
The medium voltage cables and accessories market can be segmented into installation type, product, end-user industry, and region. Based on types, the market can be trifurcated into overhead, underground, and submarine. Based in terms of product, the medium voltage cables & accessories market can be further divided into termination cables, joints, and XLPE cables. Based on end-user industry, the market is categorized into industrial, commercial, and residential sectors. Underground installations are widely used in densely populated urban areas and in industrial use, where it is impractical or difficult to lay overhead cables. For the purpose of electric insulation purpose XLPE or cross-linked polyethylene are extensively used in all voltage power cables but it is majorly used in medium voltage cables and accessories. End users of medium voltage cables and accessories are energy corporations, environmental associations, government and residential users, transmission and distribution facilities, and etc.
Medium voltage cables and accessories are flexible and durable for the purpose of handling. They provide protection against weathering, oil impact, and abrasion. They are easy to install, provide insulation to power systems, and are moisture, heat, and ozone resistant. Medium voltage cables reduce downtime and help keep electric systems functioning smoothly. Medium voltage cables are best suitable for congested areas where overhead cable lines are difficult or impossible to install. New innovations and technical advancements are emerging in order to reduce cost of production for medium voltage cables and accessories
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Restrains of using medium voltage cables and accessories are there would be difficulty in repairing and identifying the cables if not installed precisely at appropriate locations. Damage to medium voltage cables and accessories may lead to digging of roads, if the damaged cables are traced inappropriately. Requirement of skilled and efficient labor in handling, maintenance, and exchange of medium voltage cables and accessories are necessary.
In terms of geography, countries in Asia Pacific such as India, China, Japan, Australia, and Singapore have increasing demand for the medium voltage cables and accessories market due to rapid industrialization and urbanization. Rise in demand for electricity in North America is expected to boost the medium voltage cables and accessories market in the region. Countries in Europe such as the U.K., France, and Germany has a growing market for the growth of medium voltage cables and accessories due to rapid industrialization. Recent development plans in Latin America and Africa are expected to boost demand for medium voltage cables and accessories after they recover from the economic meltdown.
Key players operating in the medium voltage and accessories market are Caledonian Cables Ltd., ABB Ltd., Dubai Cable Company Ltd., General Electric Company, and Siemens AG.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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