Press release
Global High Voltage Cable Market is anticipated to grow at a CAGR of 6.7 % from 2016 - 2022
Complete Report of High Voltage Cable Market @ http://www.intenseresearch.com/market-analysis/world-high-voltage-cable-market-opportunities-and-forecasts.html
The high voltage cable market is largely driven by ongoing industrialization and urbanization in developing countries such as China, Japan and India. Moreover, increased number of renewable energy projects such as wind and solar power plants have supplemented the growth of HVC market. Furthermore, these cables offer several advantages such as presence of additional insulation jacket that minimizes power loss, and enhanced stability in comparison to other cables. HVCs are widely used in overhead lines, underground cables, and submarine cables. However, volatile prices of metals such copper and aluminum adversely impact the market growth. Growing investments in smart grid technology and increasing number of offshore power projects in developing countries are further expected to create numerous opportunities for the growth of HVC market in the years to come.
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Prominent strategies such as expansion, product launch, acquisition, partnership & collaboration and agreement are adopted by leading market players in an effort to expand their product offerings and widen their market reach. The prominent players such as, ABB, Prysmian Group, Nexans, NKT cables and General Cable Technologies Corporation among others are analyzed in the report in an effort to gain an insight into their performance and developments. The high voltage cable market is highly concentrated, as top five players account for 60% share of the overall HVC market revenue.
Segment review
The high voltage cable market is segmented on the basis of type, end user and geography. Based on type, the market is divided into overhead, underground, and submarine. On the basis of end user, the market is divided into industrial (oil & gas, mining, power utilities, chemical & petrochemical, and others), renewable (wind, hydropower, and others) and infrastructure (commercial and residential). On the basis of geography, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. North America is divided into the U.S., Mexico, and Canada; whereas, Europe is further segmented into Italy, Sweden, Germany, France, and rest of Europe. The countries covered under Asia-Pacific are China, India, Japan, South Korea, and rest of Asia-Pacific. LAMEA includes Latin America, Middle East, and Africa.
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