Press release
Global Medium Voltage Cable Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Medium Voltage Cable
What Is the Expected Medium Voltage Cable Market Size During the Forecast Period?
The market size of medium voltage cables has seen robust growth in the recent past. It is anticipated to rise from $33.46 billion in 2024 to $35.46 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.0%. The expansion during the historic era is a direct result of the influence of industrialization, increasing energy demand, urban development and infrastructure, renewable energy uptake, and the replacement of outdated infrastructure.
In the coming years, the market size of medium voltage cable is predicted to witness robust growth, ballooning to a size of $45.67 billion by 2029, at a compound annual growth rate (CAGR) of 6.5%. This growth projection for the forecast period is influenced by factors such as the dynamics of the supply chain, regulations on energy efficiency, government investment schemes, adoption of electric vehicles, and urbanization patterns. The forecast period is also expected to see significant trends including safety and environmental standards, demands for resilience and reliability, infrastructure for charging electric vehicles, digital transformations in the energy sector, and policies on energy transition.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6624
What Are the High-Growth Segments in the Medium Voltage Cable Market?
The medium voltage cable market covered in this report is segmented -
1) By Product: Termination Cables, Joints, Cross-Linked Polyethylene (XLPE) Cables, Other Products
2) By Voltage: Up to 25kV, 26kV-50kV, 51kV-75kV, 76kV-100kV,
3) By Installation: Underground, Submarine, Overhead
4) By Application: Industrial, Commercial, Utility
5) By End Users: Oil And Gas, Energy And Power, Mining, Manufacturing, Transportation, Commercial, Residential
Subsegments:
1) By Termination Cables: Indoor Termination Cables, Outdoor Termination Cables
2) By Joints: Straight Joints, Branch Joints, Transition Joints
3) By Cross-Linked Polyethylene (XLPE) Cables: XLPE Power Cables, XLPE Control Cables
4) By Other Products: Armored Medium Voltage Cables, Unarmored Medium Voltage Cables, Composite Cables
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6624&type=smp
What Key Drivers Are Expected to Influence Future Medium Voltage Cable Market Growth?
The demand for medium voltage cable market was driven by the surging electricity demand in the historic era. Medium-voltage cables, a crucial part of a power grid, are responsible for supplying an area with electricity. The COVID-19 pandemic, which sparked a surge in work-from-home culture, spurred the demand for electronic gadgets like laptops and desktops, thereby boosting the need for medium-voltage cables. For instance, a study from the International Energy Agency (IEA), an autonomous intergovernmental organization based in France, revealed that the United States saw a rise in electricity demand by 2.6% in 2022 compared to the previous year. This increased electricity demand fueled the market expansion of medium-voltage cables during the time frame.
Which Companies Hold the Largest Share Across Different Medium Voltage Cable Market Segments?
Major companies operating in the medium voltage cable market include Sumitomo Electric Industries Ltd., Hitachi Cable Ltd., Jiangsu Hengtong Cable Co Ltd., General Cable Technologies Corporation, Prysmian Group S.p.A., Nexans France SAS, Furukawa Electric Co Ltd., ZTT Cable Co Ltd., Guangdong Guangyi Electric Power Co Ltd., Pirelli S.p.A., LEONI AG, KEI Industries Limited, Shandong Hengsheng Cable Co Ltd., LS Cable & System Ltd., Ducab DWC LLC, Riyadh Cables Group Company, NKT Holding A/S, Southwire Company LLC, Sterlite Technologies Limited, Brugg Kabel AG, Taihan Electric Wire Co Ltd., Eland Cables Plc, Tratos Cavi S.p.A., Synergy Cables Limited, Chinese Cables & Conductors Co Ltd., Universal Cables Limited, TPC Wire & Cable Corporation, Hanwha Corporation, Jiangsu Jiangnan Cable Group Co Ltd., Cablel S.A.
What Trends Are Driving Growth in The Medium Voltage Cable Market?
The ongoing tech advancements are significantly influencing the medium voltage cable industry. The primary concentration of businesses in this market is on creating environmentally-friendly offerings. An illustration of this is the Philatron-EF Environmental Friendly Power Cables, a novel product from Philatron, a custom cable and wire producer based in the United States. The cables are crafted with a distinct, proprietary mixture of recyclable thermoplastics which have shown better performance than TR-XLPE (tree-retardant cross-linked polyethylene) and EPR (ethylene propylene rubber). Additionally, these cables possess a superior dielectric strength value, are free of toxins, and aptly designed for recycling.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/medium-voltage-cable-global-market-report
What Are the Emerging Geographies for The Medium Voltage Cable Market Growth?
Asia-Pacific was the largest region in the medium voltage cable market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medium voltage cable market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Medium Voltage Cable Market?
2. What is the CAGR expected in the Medium Voltage Cable Market?
3. What Are the Key Innovations Transforming the Medium Voltage Cable Industry?
4. Which Region Is Leading the Medium Voltage Cable Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Medium Voltage Cable Market Outlook 2025-2034: Trends, Innovations, And Future Outlook here
News-ID: 4012025 • Views: …
More Releases from The Business Research Company
Surgical Meshes Market Landscape to 2034: Key Forces Shaping the Next Decade of …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Surgical Meshes Market Size By 2025?
In the past few years, the market size of surgical meshes has seen significant growth. It is projected to expand from $2.03 billion in 2024 to $2.18 billion in 2025, indicating a Compound Annual Growth Rate (CAGR) of 7.3%.…
Rehabilitation Equipment Market Poised to Hit $23.97 Billion by 2029 with Accele …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Rehabilitation Equipment Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a significant growth in the size of the rehabilitation equipment market. Projected to increase from $17.36 billion in 2024, it is expected to reach $18.49 billion in 2025, with a compound annual…
Future of the Pediatric Neurology Device Market: Strategic Analysis and Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Pediatric Neurology Device Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for pediatric neurology devices has seen significant expansion in recent years, climbing from $2.5 billion in 2024 to an anticipated $2.65 billion in 2025, reflecting a compound annual growth rate (CAGR)…
Key Trends Influencing the Growth of the Orthokeratology Lens Market in 2025: In …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Orthokeratology Lens Market Through 2025?
The market for orthokeratology lenses has seen a significant increase in size over recent years. It's projected to expand from $2.56 billion in 2024 to $2.75 billion in 2025, with a compound annual growth rate (CAGR) of…
More Releases for Cable
Cable Management Market by Type (Cable Trays, Cable Raceway, Cable Conduits, Cab …
The Cable Management Market would portray a significant CAGR by 2027, as per the latest report published by Allied Market Research.
Allied Market Research recently published a report, titled, “Cable Management Market by Type (Cable Trays, Cable Raceway, Cable Conduits, Cable Connectors &Glands, Cable Carriers, cable Lugs, Cable Junction Boxes, and Others), and End User (IT & Telecommunication, Commercial Construction, Energy, Manufacturing and Automation, Marine, Mining, Healthcare, and Others): Global Opportunity…
Automotive Control Cable Market 2019 Precise Outlook - SAB Cable, Allied Wire & …
Global Automotive Control Cable Market Report 2019-2025 provides insightful data about business strategies, qualitative and quantitative analysis of Global Market. The report also calls for market – driven results deriving feasibility studies for client needs. MarketInsightsReports ensures qualified and verifiable aspects of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the real- time…
Cable & Accessories Industry - Nexans, General Cable Technologies, ABB, Brugg, P …
Electrical cable, an assembly of one or more wires which may be insulated, used for transmission of electrical power or signals
Wide array and volume of cable & accessories applications, high demand from residential to industrial applications and increasing power demand is expected to drive growth in cable and accessories market. Furthermore, Growth in rural electrification especially in the developing economies, growing use of cable & accessories in various industries and…
Global Submarine Cable Market 2017: General Cable, Nexans, Prysmian Group, Allie …
Submarine Cable Market Research Report 2017
In this report, the global Submarine Cable market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
Geographically, this report split global into several key Regions, with sales (volume), revenue (value), market share and growth rate of Submarine Cable for these regions, from 2012…
Cable Management System Market (Cable Tray, Cable Ladder, Raceway, Cable Trunkin …
This report on the global cable management system market provides analysis for the period from 2014 to 2024, wherein 2015 is the base year and the years from 2016 to 2024 are the forecast period. Data for 2014 has been included as historical information. The report covers all the prevalent trends and technologies playing a major role in the growth of the cable management systems market over the forecast period…
Global Nuclear Power Cable Market 2016 : Qingdao Hanlan Cable, Jiangsu Shangshan …
A market study based on the "Nuclear Power Cable Market" across the globe, recently added to the repository of Market Research, is titled ‘Global Nuclear Power Cable Market 2016’. The research report analyzes the historical as well as present performance of the global Nuclear Power Cable market, and makes predictions on the future status of Nuclear Power Cable market on the basis of this analysis.
Get Free Sample Copy of Report…
