Medium Voltage Cables Market Competitive Analysis and Upcoming Opportunities - General Cable Corporation , Nexans S.A. , NKT Cables Group A/S, ABB Ltd. , Prysmian S.P.A.

Global Medium Voltage Cables Market Information Report by Voltage Rating (1-25 kV, 26-50 kV, 51-75 kV and 76-100 kV), by Installation (Overhead, Underground and Submarine), by End User (Utilities, Industries and Commercial) and by Region - Global Forecast to 2023.

Global Medium Voltage Cables Market
The global medium voltage cables market is driven by the need for reliable electric supply, maximum safety in transmission & distribution network, and also the investments into the replacement of matured electric grid structures with modern upgraded ones. The Asia-Pacific region is the leading market for medium voltage cables. Rapid industrialization, urbanization, and fast economic growth in countries such as India and China, is expected to drive the global medium voltage cables market. 

Market Highlights
A medium-voltage cable is a cable with a voltage rating of above 1kV up to 100 kV. The growing areas of application of the medium voltage cables, is due to its low cost, high operational efficiency, improved system stability, proper load distribution between circuits, easy and quick installation and convenient virtual deployment of medium voltage cables, anywhere in the power network. The global medium voltage cables market is driven by the increasing need for reliable electric supply & subsequent investment in transmission & distribution network, grid expansion, and developing safe electrical infrastructure.

Medium-voltage cables are widely accepted across the world in the industrial & commercial sectors as a reliable & safe method to supply electricity. Medium-voltage cables increases transmission capacity, improves system stability, controls voltage regulation and ensures proper load division among supply lines. The constant need for electricity and the worldwide growth in grid infrastructure, will aid in the growth of global medium voltage cables market over the forecast period. However, fluctuating material costs may restrain the global medium voltage cables market.

Request for Sample Report @ https://www.marketresearchfuture.com/sample_request/4584

Key Players
The key players of the global medium voltage cables market are General Cable Corporation (U.S), Nexans S.A. (France), NKT Cables Group A/S (Denmark), ABB Ltd. (Switzerland), Prysmian S.P.A. (Italy), Sumitomo Electric Industries, Ltd. (Japan), Southwire Company, LLC (U.S) Kabelwerke Brugg AG (Switzerland), Hebei New Baofeng Wire & Cable Co., Ltd. (China), LS Cable & System Ltd. (South Korea) and EL Sewedy Electric Company (Egypt).

Utilities segment is expected to dominate the global medium voltage cables market
The utilities segment holds the largest share of medium voltage cables market, currently and is expected to retain that in the forecast period. Utilities use medium voltage cables for primary supply of electricity to all major and small equipment. The increasing electricity usage across the world, would result in an increase in the number of substations, which would raise the demand for medium voltage cables. Thus, it has been forecast that the utilities segment is expected to dominate the global medium voltage cables market.

Market Scenario-

Medium-voltage cables are cables with voltage rating of above 1kV up to 100 kV. The growing areas of application of medium-voltage cables, is due to their low cost, high operational efficiency, improved system stability, proper load distribution between circuits, easy and quick installation and convenient virtual deployment of medium voltage cables, anywhere in the power network. The global medium voltage cables market is driven by the increasing need for reliable electric supply & subsequent investment in transmission & distribution network, grid expansion, and developing safe electrical infrastructure.

The global medium voltage cables market has witnessed a noteworthy growth due to growing electricity demand worldwide, mainly from the Asia-Pacific countries such as China and India, where rapid industrialization and urbanization have boosted the demand for medium voltage cables in commercial, industrial and utilities sector.

The market is also segmented by type of installation, as, Overhead, Underground and Submarine. Overhead accounts for the largest market size, due to its increased usage in developing economies, especially those in the Asia-Pacific region, on account of lower costs and easier maintenance. Underground cable installation is more prevalent in developed economies, such as Europe, owing to the high population density. In Asia-Pacific region, high urbanization is estimated to accelerate the growth of underground cables, on account of limited space availability for new and existing substations. The submarine segment is expected to witness strong growth rates during the forecast period. Submarine medium voltage cables are being increasingly used in Europe owing to their largest offshore wind-installed capacity.

Medium Voltage Cables are widely accepted across the world in the industrial & commercial sectors as a reliable & safe method to supply electricity. Medium Voltage Cables increases transmission capacity, improves system stability, controls voltage regulation and ensures proper load division among supply lines. The constant need for electricity and the worldwide growth in grid infrastructure, will aid in the growth of global Medium Voltage Cables market over the forecast period. However, fluctuating material costs may restrain the global medium voltage cables market.

The market is expected to grow at a CAGR of more than 6% during the forecast period

Scope of the Report
This study provides an overview of the global medium voltage cables market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global medium voltage cables market by its voltage rating, by installation, by end-user and by regions.

Comple Report of "Medium Voltage Cables Research Report- Forecast to 2023"@ https://www.marketresearchfuture.com/reports/medium-voltage-cables-market-4584 

1... Executive Summary

2 Research Methodology

2.1 Scope Of The Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market Size Estimation

2.4 Forecast Model

3... Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

4... Global Medium Voltage Cables Market, By Installation

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.