02-11-2019 02:58 PM CET - Energy & Environment
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Medium Voltage Cables Market Global Business Development, End User, Trends, Industry Share and Forecast to 2023

Press release from: Market Research Future



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.

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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).

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com

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