High Voltage Cables Market Future Outlook |Sterlite Power, High Voltage Cable Length, KEI Industries Limited, Taihan Electric Wire Co. Ltd.
High voltage cables are increasingly used across the industrial and utility sectors. The high demand for HV cables can be credited to a plethora of properties such as anti-corrosion, waterproof, electrical insulation, and easy implementation. These features offer greater mechanical toughness compared to PVC. The United States is one of the most lucrative regional grounds for high voltage cables market; indeed, the U.S. utility sector is a leading consumer of HV cables. The leading demand drivers in the region are favorable regulatory outlook for the expansion of utility sector, increasing use of renewable energy, and technological enhancements in grid infrastructure. For instance, 4,178 billion kilowatt-hours of electricity was generated in the United States in the year 2018, which positively impacted the regional demand for high voltage cables.
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The rate of infrastructural development in developing nations like APAC regions is pushing the need to set up electrical connections which is directly proportional to the demand for high voltage cables markets. As per the report by United Nations Conference on Trade and Development (UNCTAD), the FDI inflow in developing nations was valued at $671 billion in 2017. Also, with underground high voltage cables there is a lower risk of electrocution, decreased voltage drops, reduced chances of power theft, and an aesthetical appeal. These advantages boost the need for high voltage cables.
The refurbishment of the electrical infrastructure, requiring companies to resort to underground or overhead cable technologies is promoting high voltage cables market. In disaster prone APAC regions, often hit by cyclones or earthquakes, the government is resorting to underground cable channels. Along similar lines, in 2017, the Tamil Nadu Generation and Distribution Corporation made significant investment on underground cabling.
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The benefit of underground cabling is that electric cables are buried deep inside therefore unaffected by calamities. The shifting of traditional wiring of electricity in cities to an underground mechanism will encourage the rapid adoption of high voltage cables.
Partial Table of Contents (ToC) of the report:
Chapter 4 High Voltage Cables Market, By Voltage
4.1 Global high voltage cables market share by voltage, 2018 & 2025
4.2 50 kV – 110 kV
4.2.1 Global market from 50 kV – 110 kV, 2014 - 2025
4.2.2 Global market from 50 kV – 110 kV, by region, 2014 - 2025
4.3 115 kV – 330 kV
4.3.1 Global market from 115 kV – 330 kV, 2014 - 2025
4.3.2 Global market from 115 kV – 330 kV, by region, 2014 - 2025
4.4 > 330 kV
4.4.1 Global market from > 330 kV, 2014 - 2025
4.4.2 Global market from > 330 kV, by region, 2014 - 2025
Chapter 5 High Voltage Cables Market, By Application
5.1 Global high voltage cables market share by application, 2018 & 2025
5.2.1 Global market from utility, 2014 - 2025
5.2.2 Global market from utility, by region, 2014 - 2025
5.3.1 Global market from industrial, 2014 - 2025
5.3.2 Global market from industrial, by region, 2014 - 2025
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High voltage cables market, in essence, is driven by the need to have an established infrastructural system. With its increasing use in water resources and other renewable energy industries, the demand for high voltage cables is gradually increasing with the rising need for systematic, economic, and safer mode of power transmission. Many companies today from developed and developing nations are venturing into the production of these cables realizing the fast-paced growth in high voltage cables market.
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