Medium Voltage Cables Market Growth Analysis, Demand and Key Players by 2027
Medium voltage cable is a necessary component for power transmission and distribution in the voltage range of 1000 V to 35 kV. It is used across power, oil & gas, mining, chemicals (industrial), renewables, and infrastructure sector.
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Rapid industrialization and urbanization has been the key driving factor sustaining the growth of the medium voltage cables market. Industrialization and urbanization has been increasing at a much faster pace in the developing economies, resulting in more requirement for power generation, transmission, and distribution and thus is expected to boost the requirement of medium voltage cables. This factor is likely to increase the growth of medium voltage cables industry. However, Copper and aluminum are metals which are used as conductors to manufacture cables. Volatility in the cost of these metals being traded on the exchange markets cause their prices to go up or down responding to the market forces.
The medium voltage cables market analysis covers in depth information of major industry participants. The major companies profiled in the report include, PrysmianSpA, General Cable Corporation, Nexans, NKT Cables, Sumitomo Electric Industries Ltd., Brugg Cables, Dubai Cable Company Private Limited, Leoni AG, Southwire Company LLC, TPC Wires and General Cables Corporation.
Other market players (not profiled in report) in the value chain include, ABB LTD., Tele Fonika Cable Ltd., KabelwerkeBrugg AG, LS Cable & System Ltd., EL Sewedy Electric Company, Hebei New Baofeng Wire & Cable Co., Ltd.
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Key Findings of Medium Voltage Cable Market:
The medium voltage cables market forecast is studied from 2015 to 2022.
Medium voltage cables market size is provided in terms of revenue.
In Asia-Pacific and LAMEA, high urbanization rate is estimated to accelerate the growth of underground cables on account of limited space availability for new and existing substations
In North America, offshore wind capacity addition is expected to increase in the coming years due to the vast wind energy potential available on the U.S. Coasts.
The submarine segment is expected to witness robust growth rates during the forecast period
Key market players are profiled and their strategies are analyzed thoroughly to provide a competitive outlook of the medium voltage cables market.
Medium voltage cables market share is anticipated to increase in Asia-Pacific region, owing to rapid industrialization and urbanization. The China is anticipated to lead the market and witness high demand for medium voltage cables.
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