XLPE Cable & Wire Market Top Key Players, Industry Analysis And Forecast By 2027 | Leoni, Hitachi

The XLPE Cable & Wire Market research report has merged the analysis of different factors that supplement the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the XLPE Cable & Wire market in the future. The comprehensive information is based on current trends and historic milestones. This segment also provides an analysis of the volume of production in the global XLPE Cable & Wire market and about each type from 2021 to 2027.

The global XLPE Cable & Wire market exhibited moderate growth during 2021-2027. Looking onward, the market is to grow at a CAGR of around 6.76%.

The study contains market share analysis and profiles of players such as Prysmian, Sumitomo Electric, Southwire, Nexans, LS Cable & System, Furukawa Electric, Leoni, Hitachi, Fujikura, Riyadh Cable, Elsewedy Electric, Condumex, NKT Cables, FarEast Cable, Baosheng, Shangshang Cable, WuXi Jiangnan Cable, Hanhe

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If you are an XLPE Cable & Wire manufacturer and would like to check or understand the policy and regulatory proposal, designing clear explanations of the stakes, potential winners and losers, and options for development then this report will help you understand the shape with Impacting Trends. 

Market Overview:

There are increasing reserves in smart grid technology, growing renewable energy production, and government initiatives for upgrading the transmission and distribution systems responsible for the proliferation of the market. Also, in the past few years, cloud and content providers attempted to attract more users and offer reliable bandwidth-intensive services, thus, increasing the popularity of submarine infrastructure. The number of new submarine cables grew by 50% in 2019, as compared to 2018, and is expected to grow more post-pandemic (source: TeleGeography’s submarine cable map). The lifetime for a submarine cable is expected to be about 25 years.​
Further, according to TeleGeography’s submarine cable map, submarine cables act as the primary backbone of the internet. There are about 350 submarine cables spanning around 1.2 million kilometers connecting very close to 100 countries. According to SubmarineNetworks.com, the trend of submarine cables is transforming rapidly, with data compiled by Telegeography indicating USD 8 billion investments lined up in 2019-21.

Types of Products:

LV Cables
MV Cables
HV Cables
EHV Cables

Application spectrum:

Power
Oil & Gas
Manufacturing
Metals & Mining
Infrastructure & Transportation
Others

Regions and Countries Level Analysis:

North America to Witness Significant Market Share
The United States under North America is expected to witness significant growth in the wire and cable market due to the increasing developments in the wire and cable industry. The substantial growth can be primarily attributed to the increase in renewable energy generation is expected to influence electricity trade in the region. ​
There are significant investments in the construction of high-capacity transmission lines in the country, which will significantly drive the market over the forecast period. Several sub-national governments in the United States are gaining a significant position in renewable energy and energy efficiency ingenuities. ​
Various emerging states within the US are also increasing investments in various renewable energy technologies. Due to this strategy, the states have emerged as renewable energy leaders. Recently, in 2019, Energy Information Administration (EIA) anticipated that the share of total electricity generation in the United States produced by all renewables except hydropower would reach 13% of total production in 2020 as compared to 10% in 2018. ​

The report offers an in-depth assessment of the growth and other aspects of the XLPE Cable & Wire market in important countries (regions), including:

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, etc.)

Middle East & Africa (Saudi Arabia, Egypt, Nigeria, and South Africa)

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Market Analysis:

The power sector is considered to be a significant adopter of wires and cables, contributing immensely to the growth of the market. This is evident due to the new upcoming power projects being initiated by the governments in various regions to meet the electricity requirement. ​
According to the World Nuclear Association, annual electricity demand is projected to increase to 5000 TWh in the United States in 2030, due to the country's nuclear reactors producing 807 billion kWh in 2018. Therefore the government also announced its plans to construct two reactors by the end of the year 2021. ​
Moreover, power companies are starting to utilize fiber-optics in their communication systems. Most of the power utilities already have fiber-optic communication systems in use for monitoring their power grid systems. Utilities with fiber-optic networks establish a robust smart grid by improving the chatter between smart devices and power providers. Some utilities are, therefore, beginning to explore fiber’s potential. ​

Highlights of the report:

A complete backdrop analysis, which contains an assessment of the parent XLPE Cable & Wire market

Important changes in market dynamics

Market segmentation up to the second or third level

Historical, current, and expected size of the XLPE Cable & Wire market from the standpoint of both value and volume

Reporting and evaluation of recent industry developments

Market shares and strategies of key players

Emerging position segments and regional XLPE Cable & Wire market

An impartial assessment of the trajectory of the market

References to companies for strengthening their foothold in the market   

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Impact and Recovery Analysis of Covid-19:

Under COVID-19 outbreak globally, this report provides 360 degrees of analysis from the supply chain, import and export control to regional government policy and future influence on the industry. Detailed analysis about market status, enterprise race pattern, advantages and disadvantages of enterprise products, industry development trends (2021-2027), regional industrial layout features and macroeconomic policies, industrial policy has also been included.

Report customization:

Our innovative data mining technology allows us to provide our customers with exclusive and customized insights while maintaining accuracy and speed.

In all key aspects—regions, market segments, and competitive landscape levels—we personalize research data. Every time a report is purchased, we provide 40 hours of free custom analyst time.

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