Press release
Medium Voltage Cables Market to observe high growth by 2023
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.
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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.
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.
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.
By Voltage Rating
1-25 kV
26-50 kV
51-75 kV
76-100 kV
By Installation
Overhead
Underground
Submarine
By End-User
Utilities
Industries
Commercial
By Regions
North America
Asia Pacific
Europe
Rest of the World
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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).
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