High-Voltage Cables Market Estimated to Record Highest CAGR by 2020 to 2028| Leading Players Prysmian Group, Finolex Cables Ltd, NKT cables, Nexans, ABB, Sumitomo Electric Industries, and General Cable Technologies Corporation

Global High-Voltage Cables Market Projected to Grow due to Increasing Applications in Electricity Generation

Increasing number of renewable energy projects in developing countries is expected to drive the growth of high voltage cable market during the forecast period. High-Voltage Cables are commonly used for distribution of power in industrial settings, in mobile substation equipment, and in mining to supply power to drills, shovels, and haulers. A common application for medium-voltage cables is in maintenance and repairs in electric grids. Transmission of bulk power requires high-voltage cable systems in urban areas. These are some factors expected to drive the High-Voltage Cables Market

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Rapid commercialization to suffice the overall economic growth positively influenced by foreign direct investment (FDI) to favor commercial and industrial establishments will drive the demand for High-Voltage Cables Market. Further augmented the global high voltage cables market is the integration of advanced, reliable, secure and energy efficient cables.
Key Takeaways of the High-Voltage Cables Market Study
1. The overhead segment accounted for the largest market size in 2016 due to the increasing demand for electricity and low initial cost for installations.
2. Asia Pacific is projected to dominate the global market, owing to smart grid investments, increase in power generation capacity, and investments in T&D infrastructure in the region.
3. Increasing need for grid interconnections is resulting in rising investments in the new submarine and underground cables and accessories market.
4. The upcoming projects for the overhead transmission lines would also boost the demand for high voltage cables and accessories systems.

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Notable Development Trends to Open up New Horizons of Growth for High-
Voltage Cables Market
The leading companies in the market focus on product development as well as the acquisition in the market to enhance the market share in the global market during the forecast period.
1. Jan 23, 2020 - NKT has completed the qualification of its sustainably produced 525 kV high-voltage DC (direct current) XLPE underground power cable to match the requirements for the coming high-voltage DC corridor projects in Germany. These projects constitute a vital step in the country’s transition of its energy supply to come from renewable sources.
2. Mar 13, 2017 - Prysmian Group launched a new breakthrough cable technology for the development of power transmission grids that will ensure lower costs, higher electrical performances, and better environmental sustainability. For High Voltage Direct Current (HVDC) applications, Prysmian Group announced the successful development and testing of its new P-Laser 600 kV cable system.

Major points covered in the report:
1. Macroeconomic factors affecting the High-Voltage Cables market and its potential
2. High-Voltage Cables Market dynamics, such as drivers, challenges, and trends
3. Detailed value chain analysis of the High-Voltage Cables market
4. The cost structure of the products and segments covered in the study
5. key product segments, regions and by major market participants are analyzed
6. Analysis of demand and supply, such as top manufacturing and consuming regions, overall trade scenario with imports/exports details
7. Analysis of the market structure, including a tier-wise categorization of key market participants
8. Competitive landscape of the High-Voltage Cables market, including detailed profiles of the top players in this market

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Some of the major players in the High-Voltage Cables market are Prysmian Group, Finolex Cables Ltd, NKT cables, Nexans, ABB, Sumitomo Electric Industries, and General Cable Technologies Corporation.

Market Segmentation:
By Type:
• Overhead
• Underground
• Submarine

By End User:
• Infrastructure
o Commercial
o Residential
• Industrial
o Oil& Gas
o Mining
o Chemicals
o Petrochemicals
o Power Utilities
o Cement Industry
o Others
• Renewable
o Hydro-Power
o Wind
o Solar
B
y Region:
• North America
o By Country (US, Canada, Mexico)
o By Type
o By End User

• Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Type
o By End User

• Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Type
o By End User

• Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Type
o By End User

• Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Type
o By End User

• Rest of the World
o By Region (South America, Africa)
o By Type
o By End User

Reasons To Buy This Report:
• Market size estimation of the high-voltage cables market on a regional and global basis
• The unique research design for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

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