XLPE Cable Industry Comprehensive Research 2019-2023 By Top Competitors Brugg Kabel AG, Sumitomo Electric Industries, Ltd., The Prysmian Group, Nexans S.A., Encore Wire Corp, and Finolex Cables Ltd.

Global XLPE Cable market is poised to grow over USD 18,659.5 million by 2023 at an estimated CAGR of 6.43% through the forecast period. 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.

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Industry Highlights

XLPE Cable known as Cross-linked Polyethylene, it is good insulation in terms of electrical properties and very convenient to hold short circuit current capacity. It is generally used in 600V to 155kV transmission lines. XLPE cables can be used for low, medium and high voltage applications. They have better insulation value, lighter in weight and better current capacity with lesser bending radius. Depending on application, it is selected and in areas which is having moisture XLPE cables are preferred. It has lesser chance of mechanical damage and can be used for underground application with armoring and MDPE outer sheathing.

Prominent Players

Some of the key players in the global XLPE Cable market include Brugg Kabel AG (Switzerland), Sumitomo Electric Industries, Ltd.(Japan), ABB Ltd(Switzerland), The Prysmian Group (Italy), General Cable Corporation (U.S.), and Nexans S.A.( France). Encore Wire Corporation (U.S.), NKT A/S (Denmark), Finolex Cables Ltd (India), Relemac Technologies Pvt. Ltd (India), Laser Power & Infra Pvt. Ltd (India), KEI Industries Limited (India), Universal Cables Ltd.(India), and Eland Cables (U.K.) are among others.

Industry News

In 2015, Nexans started offering 150 kV single core cross-linked polyethylene (XLPE) underground 3-phase cable system to connect the substations for JFK & Storstrommen Project.

In Dec 2017, Prysmian Group entered into a definitive merger agreement with General Cable Corporation.

Industry Segmentation

Global XLPE Cable Market segmented into three major segments such as Installation, Voltage, End-User and region.

Electric power can be transmitted or distributed either by overhead system, underground cable or Submarine cable. Increasing need of effective technology to reduce power outages and efficiency in electricity transmission & distribution result in the growth of the market.

By application, it is classified into high, medium and low.

Global electricity demand is growing continuously and thereby places high demands on power distribution networks to provide a reliable electricity supply at an affordable price. Increase in renewable energy generation and rapid industrialization and urbanization is expected to drive the market for medium voltage cables market.

Moreover, by application, it includes power, oil & gas, Chemical, Manufacturing, Metal and mining, Infrastructure & Transportation.

By geography it is segmented as North America, Europe, Asia-Pacific and the Middle East & Africa.

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List of Figures

Figure 1 Canada: Global XLPE Cable Market Share, By Installation, 2016 (%)

Figure 2 South America: Global XLPE Cable Market Share, By Installation, 2016 (%)

Figure 3 Europe XLPE Cable Market Pestl Analysis, By Country

Figure 4 Europe: Global XLPE Cable Market Share, By Country, 2016 (%)

Figure 5 Europe: Global XLPE Cable Market Share, By Installation, 2016 (%)

Figure 6 U.K.: Global XLPE Cable Market Share, By Installation, 2016 (%)

Figure 7 Germany: Global XLPE Cable Market Share By Installation, 2016 (%)

Figure 8 Italy: Global XLPE Cable Market Share, By Installation, 2016 (%)

Figure 9 France: Global XLPE Cable Market Share, By Installation, 2016 (%)

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