High Voltage Cable Market to Reach $47.1 Billion, by 2022 with winning companies such as ABB, Prysmin Group, General Cables Technologies Corporation, NKT Cables, and Nexans
High Voltage Cable Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $47.1 billion by 2022, registering a CAGR of 6.7% during the forecast period 2016 - 2022.
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HVCs operate at a voltage greater than 66KV, and are used for electric power transmission and distribution over long distance with minimum power loss. The HVC market is largely driven by increase in investments in renewable energy projects and growth in urbanization, industrialization, and infrastructure in developing countries such as India, China, and Brazil.
HVCs are segmented into three types, which include overhead, underground, and submarine. The underground HVC segment holds a significant revenue share in the global HVC market, owing to the applications of these cables in various industries such as power utilities, mining, paper & pulp, and cement industry among others. However, submarine cables are expected to witness the fastest growth during the forecast period, with a CAGR over 8%. The growth would be driven by their applications in offshore power projects and oil & gas industry and their various competitive advantages over other cables such as presence of extra shield, armour, and protection & bedding.
Among the end user segment, industrial segment held the highest revenue share in 2015, owing to growing energy demand in industries such as oil & gas, mining, power utilities, and chemicals among others. Renewable energy segment also contributed a significant revenue share of over 36% in the overall market in 2015. However, infrastructure segment is expected to witness the fastest growth during the forecast period due to increase in urbanization in developing countries such as China and India.
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Asia-Pacific is the largest revenue-generating region in this market, followed by Europe and North America. Among the countries of Asia-Pacific, China is the largest market with nearly 60% revenue share of the overall Asia-Pacific market due to its strong layout of transmission plans. Furthermore, the market in Asia-Pacific is anticipated to exhibit a notable growth, registering a CAGR of over 7% during the forecast period.
Key Findings of High Voltage Cable Market
Underground cables would lead the market throughout the analysis period, with over 50% revenue share during 2014 - 2022.
Segment of submarine cables is expected to grow at the highest CAGR during forecast period.
In 2015, industrial segment contributed the highest revenue share, accounting for around 52% of the overall market revenue.
Infrastructure segment is expected to register the highest CAGR during the forecast period.
Asia-Pacific held the largest market share of about 42% of the total market value in 2015 and is projected to grow at the fastest rate during the forecast period.
Key players in the market have heavily invested in R&D activities to develop high-quality and affordable HVCs to cater to the growing energy demands in various industries such as oil & gas, mining, and power utilities among others. Further, the market is concentrated, as top five leading players, namely ABB, Prysmin Group, General Cables Technologies Corporation, NKT Cables, and Nexans occupy around 60% of the overall market revenue. The key strategies adopted by these leading players are product launch, expansion, acquisition, partnership, and agreement; to strengthen their market position and expand their geographical presence.
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List of Tables
TABLE 1 WORLD HIGH VOLTAGE CABLE MARKET, by GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 2 WORLD HIGH VOLTAGE CABLE MARKET REVENUE by TYPE, 2014-2022 ($MILLION)
TABLE 3 WORLD OVEHEAD HIGH VOLTAGE CABLE MARKET REVENUE by GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 4 WORLD UNDERGROUND HIGH VOLTAGE CABLE MARKET REVENUE by GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 5 WORLD SUBMARINE HIGH VOLTAGE CABLE MARKET REVENUE by GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 6 WORLD HIGH VOLTAGE CABLE MARKET REVENUE by END USER, 2014-2022 ($MILLION)
TABLE 7 WORLD HIGH VOLTAGE END USER MARKET REVENUE by INDUSTRIAL, 2014-2022 ($MILLION)
TABLE 8 WORLD POWER UTILITIES MARKET REVENUE by GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 9 WORLD OIL & GAS MARKET REVENUE by GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 10 WORLD MINING MARKET REVENUE by GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 11 WORLD CHEMICAL & PETROCHEMICAL MARKET REVENUE by GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 12 WORLD OTHERS (PAPER & PULP, MANUFACTURING, WASTEWATER TREATMENT and CEMENT INDUSTRY) MARKET REVENUE by GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 13 WORLD HIGH VOLTAGE CABLE END USER MARKET by RENEWABLE ENERGY, 2014-2022 ($MILLION)
TABLE 14 WORLD WIND ENERGY MARKET REVENUE by GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 15 WORLD HYDROPOWER MARKET REVENUE by GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 16 WORLD OTHERS (SOLAR, TIDAL and GEOTHERMAL) MARKET REVENUE by GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 17 WORLD HIGH VOLTAGE END USER MARKET REVENUE by INFRASTRUCTURE, 2014-2022 ($MILLION)
TABLE 18 WORLD COMMERCIAL MARKET REVENUE by GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 19 WORLD RESIDENTIAL MARKET REVENUE by GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 20 NORTH AMERICA: HIGH VOLTAGE CABLE MARKET by TYPE, 2015 - 2022 ($MILLION)
TABLE 21 EUROPE: HIGH VOLTAGE CABLE MARKET by TYPE, 2015 - 2022 ($MILLION)
TABLE 22 ASIA-PACIFIC: HIGH VOLTAGE CABLE MARKET by TYPE, 2015 - 2022 ($MILLION)
TABLE 23 LAMEA: HIGH VOLTAGE CABLE MARKET by TYPE, 2015 - 2022 ($MILLION)
TABLE 24 ABB- COMPANY SNAPSHOT
TABLE 25 ABB- OPERATING SEGMENTS
TABLE 26 SIEMENS AG - COMPANY SNAPSHOT
TABLE 27 SIEMENS AG - OPERATING SEGMENTS
TABLE 28 TELE-FONIKA KABLE S.A- COMPANY SNAPSHOT
TABLE 29 TELE-FONIKA KABLE S.A- OPERATING SEGMENTS
TABLE 30 PRYSMIAN GROUP - COMPANY SNAPSHOT
TABLE 31 PRYSMIAN GROUP- OPERATING SEGMENTS
TABLE 32 GENERAL CABLE TECHNOLOGIES CORPORATION - COMPANY SNAPSHOT
TABLE 33 GENERAL CABLE TECHNOLOGIES CORPORATION- OPERATING SEGMENTS
TABLE 34 DUBAI CABLE COMPANY PVT. LTD. - COMPANY SNAPSHOT
TABLE 35 DUBAI CABLE COMPANY PVT. LTD. - OPERATING SEGMENTS
TABLE 36 NKT CABLES - COMPANY SNAPSHOT
TABLE 37 NKT CABLES- OPERATING SEGMENTS
TABLE 38 NEXANS - COMPANY SNAPSHOT
TABLE 39 NEXANS- OPERATING SEGMENTS
TABLE 40 SOUTHWIRE COMPANY, LLC - COMPANY SNAPSHOT
TABLE 41 SOUTHWIRE COMPANY, LLC- OPERATING SEGMENTS
TABLE 42 SUMITOMO ELECTRIC INDUSTRIES, LTD - COMPANY SNAPSHOT
TABLE 43 SUMITOMO ELECTRIC INDUSTRIES, LTD- OPERATING SEGMENTS
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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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