Medium Voltage Cables Market Development, Current Analysis and Estimated Forecast to 2028 | ABB Ltd., LS Cables & System Ltd., Prysmian SpA, Dubai Cable Company Pvt. Ltd., Kabelewerke Brugg AG

Global Medium Voltage Cables Market Projected to Grow due to Increasing Demand for Renewable Energy
For distribution of power in industrial settings, medium-voltage cables are used in mobile substation equipment, to supply power to drills in mining, shovels, and haulers. Medium voltage cable provides a reliable power source in the event of unpredictable power outage situations, power distribution to isolated areas and any application ranging from 5kV up to 35Kv. Increase in renewable energy is a major driver for growth in the medium voltage cables and accessories market.

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Key Takeaways of the Medium Voltage Cables Market Study
1. The underground cables segment is expected to hold the largest market share of the medium voltage cables and accessories market during the forecast period. Underground cables are mainly used to transmit power to populated areas.
2. The market in Asia Pacific is currently the largest for medium voltage cables and accessories. Increase in renewable power generation is a major factor driving the medium voltage cables and accessories market in Asia Pacific.
3. Increasing use of wind and solar energy worldwide is expected to drive the growth of the medium voltage cables and accessories market, as these cables would use to integrate the electricity generated through solar and wind to the grid.
4. Increasing electricity generation would also require new transmission and distribution infrastructure.

Notable Development Trends to Open up New Horizons of Growth for Medium 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. In January 2017, Norddeutsche Seekabelwerke GmbH (NSW), was awarded a contract from USA, and SOC. To manufacture 60 km of medium voltage submarine power cables and connect the 32 wind turbine foundations of Trianel Windpark Borkum phase 1.
2. In May 2016, Standard Motor Products, Inc. acquired automotive ignition wire business of General Cable Corporation (US) for USD 71 million.
3. In December 2017, Nexans S.A. (France) was awarded a contract from DONG Energy Wind Power A/S (Denmark), to supply 34 kV subsea cables for the offshore array cabling in its first construction phase of the 1.2 gigawatt wind farm.
4. In December 2016, Nexans S.A. (France) signed a contract with Qatar General Electricity and Water Corporation (Kahramaa) (Qatar), to supply low and medium voltage cables for civil infrastructure projects in Qatar.
5. In March 2017, NKT Cables Group A/S (Germany) acquired the HV cables business of ABB (Switzerland). The scope of the acquisition was to develop the interconnector grid and to hold the growth of the global offshore wind industry.

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Major points covered in the report:
1. Macroeconomic factors affecting the Medium Voltage Cables market and its potential
2. Medium Voltage Cables Market dynamics, such as drivers, challenges, and trends
3. Detailed value chain analysis of the Medium 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 Medium Voltage Cables market, including detailed profiles of the top players in this market
Some of the major players in the Medium Voltage Cables market are Nexans S.A., ABB Ltd., LS Cables & System Ltd., Prysmian SpA, Dubai Cable Company Pvt. Ltd., Kabelewerke Brugg AG, Sumitomo Electric Industries Ltd., Southwire Company, and General Cables Corporation.

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Market Segmentation:
By Voltage Range:
• 1-25kv
• 26-50kv
• 51-75kv
• Others

By Installation:
• Overhead
• Underground
• Submarine

By End User:
• Mining
• Utilities
• Commercial
• Industrial
• Infrastructure
• Renewable
• Others

By Region:
• North America
o By Country (US, Canada, Mexico)
o By Voltage Range
o By Installation
o By End User

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

• Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Voltage Range
o By Installation
o By End User

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

• Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Voltage Range
o By Installation

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

Reasons To Buy This Report:
• Market size estimation of the medium 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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