Europe High Voltage Cable Market to Witness Growth Acceleration During 2020-2027 | Dubai Cable Company - Ducab, Furukawa Electric, Nexans, NKT A/S, Siemens

The high voltage cable market in Europe is expected to grow from US$ 8.01 Bn in 2018 to US$ 12.49 Bn by the year 2027 with a CAGR of 5.4% from the year 2019 to 2027.

The need for transporting power over long distances for electrifying remote areas and offshore application areas is expected to drive the growth of high-voltage cable market, especially in developing and underdeveloped countries, during the forecast period. Deployment of high voltage cables in remote areas and offshore locations is forecasted to be the upcoming trend in the market. These areas are generally located far away from power infrastructure, which necessitates transportation of power to long distances with minimum power loss. The need for power infrastructure is growing rapidly in remote areas such as coastal areas, hilly areas, and islands. High-voltage cables also find applications in the transportation of power to and from offshore locations, such as wind and solar farms.

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High Voltage Cable Market - Companies Mentioned
o Dubai Cable Company - Ducab
o Furukawa Electric Co., Ltd.
o Nexans SA
o NKT A/S
o Prysmian Group (General Cable Corporation)
o Siemens AG
o Southwire Company, LLC
o Sumitomo Electric Industries, Ltd.
o TELE-FONIKA Kable SA (TF Kable)
o ZTT Group

During the forecast period of 2019 to 2027, the underground high voltage cable is anticipated to be the largest contributor in the high voltage cable market. However, submarine high voltage cable segment is projected to be the fastest-growing type with the highest CAGR over the forecast period. High voltage underwater cables is, they are invisible and are being hidden below surfaces. Moreover, voltage losses are lower with underground cables than overhead lines. However, most transmission losses transpire within the lower voltage distribution networks. HVUCs are not at risk of storm damage apart from water damage and are far less likely to cause death or injuries due to accidental contact with the lines/cables.

Continuous infrastructural development across Germany, especially in remote and offshore areas, is expected to drive the deployment of high-voltage cables in the country. Moreover, the growing renewable power generation capacity in Germany is anticipated to boost the overall growth of high-voltage cable market during the forecast period. After Germany, Sweden dominated the Europe high voltage cable market. One of the most important and apparent advantages of HVUCs is they are invisible, being hidden below surfaces. Moreover, voltage losses are lower with underground cables than overhead lines. However, most transmission losses transpire within the lower voltage distribution networks. HVUCs are not at risk of storm damage apart from water damage and are far less likely to cause death or injuries due to accidental contact with the lines/cables. Sweden is the largest consumer of renewable energy in the Francean Union.

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Table of Content:

1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 High Voltage Cables Market, by Type
1.3.2 High Voltage Cables Market, by End User
1.3.3 High Voltage Cable Market, by Country

2. Key Takeaways

3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. High Voltage Cable Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.3 Porter's Five Forces Analysis
4.3.1 Porter's five forces analysis
4.3.2 Bargaining Power of Suppliers
4.3.3 Bargaining Power of Buyers
4.3.4 Threat of New Entrants
4.3.5 Threat of Substitutes
4.3.6 Rivalry Among Existing Competitors

5. High-Voltage Cable Market - Key Industry Dynamics
5.1 Drivers
5.1.1 Industrialization and Economic Developments is Stimulating Demand for Electricity
5.1.2 Rising investments in renewable power generation
5.2 Restraints
5.2.1 Uncertainty in prices of conductor materials
5.3 Opportunities
5.3.1 Growing focus on smart grid technology
5.4 Future Trends
5.4.1 Escalating need for power in remote areas and offshore locations
5.5 Impact Analysis of Drivers and Restraints

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