Press release
XLPE Cables Market Development Strategy, Future Plans Analysis And Outlook 2018 -2023| Global Leaders: ABB Ltd, General Cable Corporation, Eland Cables| Industry Analysis Report Forecast to 2023
This research report on the Global XLPE Cables Market is an all-encompassing study of the industry sectors, up-to-date outlines, industry development, drivers, and restraints. It provides market projections for the coming years. It contains an analysis of late augmentations in innovation, Porter’s five forces analysis and progressive profiles of hand-picked industry competitors. The report furthermore articulates an analysis of trivial and full-scale factors indicated for the new and tenured candidates in the market along with a methodical value chain exploration.Market Synopsis
XLPE provides insulation to cables to make them withstand the electric field and transient operating conditions. The XLPE cable is the largest segment in the underground cable systems market due to investments in renewable sector and increasing power generation. All these factors are estimated to boost the growth of XLPE cables and accessories market. The global market is witnessing significant growth due to the increase in investments in offshore wind, grid interconnections, and increase in power generation. However, complex authorization procedures leading to delays, and volatile prices of raw materials are key restraints for the growth of the market.
Top Key Player:
• ABB Ltd
• General Cable Corporation
• Brugg Kabel AG
• Sumitomo Electric Industries, Ltd.
• Nexans S.A.
• Encore Wire Corporation
• Eland Cables
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XLPE Cable Market by End-Use:
In the report, the market has been divided into the end-use which includes: Power, Oil & Gas, Chemical, Manufacturing, Metals & Mining, Infrastructure & Transportation and others:
The oil and gas industry demands high performance of wire and cable products in harsh environments. Electrical cables used in Offshore Drilling Systems, Refinery Applications, Land Based Drilling Systems. These power cables are designed to offer a high level of operational reliability and to meet the challenges associated with applications that typically expose cables to ultraviolet light, oil, greases, chemicals, mechanical and thermal stresses, and salt-water submersion.
Chemicals industry requires cables that are not only flexible but are resistant to oils, fats, acids, bases and other harsh materials. These cables combine high radiation resistance and a very high insulation resistance over a broad temperature range such as 240°C (465°F). They also provide properties such as high pressure and moisture loaded environment.
List Of Table:-
TABLE 1 MARKET SYNOPSIS 13
TABLE 2 LIST OF ASSUMPTIONS 16
TABLE 3 GLOBAL XLPE CABLE MARKET VALUE ANALYSIS, BY INSTALLATION, 2018-2023 (USD MILLION) 28
TABLE 4 GLOBAL XLPE CABLE MARKET VALUE ANALYSIS, BY VOLTAGE, 2018-2023 (USD MILLION) 31
TABLE 5 GLOBAL XLPE CABLE MARKET VALUE ANALYSIS, BY END USER, 2018-2023 (USD MILLION) 35
TABLE 6 GLOBAL XLPE CABLE MARKET VALUE ANALYSIS, BY REGION, 2018-2023 (USD MILLION) 37
TABLE 7 AMERICAS: GLOBAL XLPE CABLE MARKET VALUE ANALYSIS, BY COUNTRY, 2018-2023(USD MILLION) 40
TABLE 8 AMERICAS: GLOBAL XLPE CABLE MARKET VALUE ANALYSIS, BY INSTALLATION, 2018-2023 (USD MILLION) 41
TABLE 9 AMERICAS: GLOBAL XLPE CABLE MARKET VALUE ANALYSIS, BY VOLTAGE, 2018-2023 (USD MILLION) 41
TABLE 10 AMERICAS: GLOBAL XLPE CABLE MARKET VALUE ANALYSIS, BY END USER, 2018-2023 (USD MILLION) 42
Market Research Future Analysis:
Market Research Future analysis states that the global market of XLPE Cable market is estimated to grow at USD 8,390.5 million by the end of year 2023. Increasing need of effective technology to reduce power outages and efficiency in electricity transmission & distribution is resulting in growing investment in renewable energy. These type of cables used in solar, wind, offshore to generate electricity. The global XLPE cable market witness tremendous growth due to increase in power demand and implementation of smart grid technology. Whereas, volatile prices of raw materials and complex planning and authorization processes leading to delays in projects, which act as a major restraining factor for the growth of the market. Globally, Asia-Pacific is expected to grow in the forecast period, and show tremendous growth in the renewable energy generation, across the globe The XLPE Cable market is growing in emerging countries such as China, India, and Japan, and is estimated to grow at a high rate in the forecast period.
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Market Research Future:
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