Press release
Global Medium Voltage Cables Market is predicted to grow at more than 6% by 2023
Market HighlightsA medium-voltage cable is a cable with a voltage rating of above 1kV up to 100 kV. The growing areas of application of the medium voltage cables, is due to its low cost, high operational efficiency, improved system stability, proper load distribution between circuits, easy and quick installation and convenient virtual deployment of medium voltage cables, anywhere in the power network. The Global Medium Voltage Cables Market is driven by the increasing need for reliable electric supply & subsequent investment in transmission & distribution network, grid expansion, and developing safe electrical infrastructure.
Medium-voltage cables are widely accepted across the world in the industrial & commercial sectors as a reliable & safe method to supply electricity. Medium-voltage cables increases transmission capacity, improves system stability, controls voltage regulation and ensures proper load division among supply lines. The constant need for electricity and the worldwide growth in grid infrastructure, will aid in the growth of global medium voltage cables market over the forecast period. However, fluctuating material costs may restrain the global medium voltage cables market.
Growing electricity demand coupled with growing concern for safe transmission & distribution of electricity and the increasing grid infrastructure, will boost the global medium voltage cables market size over the forecast timeline. The global medium voltage cables market has witnessed a noteworthy growth due to growing electricity demand worldwide, mainly from Asia-Pacific region such as China and India, where rapid industrialization and urbanization have boosted the demand for medium voltage cables in commercial, industrial and utilities sector.
Global Medium Voltage Cables Market is predicted to grow at more than 6% by 2023
Key Players
The key players of the global medium voltage cables market are General Cable Corporation (U.S), Nexans S.A. (France), NKT Cables Group A/S (Denmark), ABB Ltd. (Switzerland), Prysmian S.P.A. (Italy), Sumitomo Electric Industries, Ltd. (Japan), Southwire Company, LLC (U.S) Kabelwerke Brugg AG (Switzerland), Hebei New Baofeng Wire & Cable Co., Ltd. (China), LS Cable & System Ltd. (South Korea) and EL Sewedy Electric Company (Egypt).
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Asia-Pacific region is expected to dominate the market
The medium voltage cables market in the Asia-Pacific region currently holds a large share of the total volume of medium voltage cables and is expected to dominate the market during forecast period, whereas, North America holds the largest share of the global medium voltage cables market. Rapid urbanization & industrialization in countries such as China, India, Indonesia and Australia demand continuous electricity supply for operation of industries, data centers, emergency services, and commercial & household purposes. This is creating a lucrative market for medium voltage cables in this region. Ageing conventional transmission & distribution network in the region, often hinder the supply for continuous power.
Scope of the Report
This study provides an overview of the global medium voltage cables market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global medium voltage cables market by its voltage rating, by installation, by end-user and by regions.
By Voltage Rating
• 1-25 kV
• 26-50 kV
• 51-75 kV
• 76-100 kV
By Installation
• Overhead
• Underground
• Submarine
By End-User
• Utilities
• Industries
• Commercial
By Regions
• North America
• Asia Pacific
• Europe
• Rest of the World
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Table of content
1... Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3... Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4... Global Medium Voltage Cables Market, By Installation
4.1 Introduction
4.2 Overhead
4.3 Underground
4.4 Submarine
5... Global Medium Voltage Cables Market, By Voltage Rating
Continue…….
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Market Research Future
Office No. 528, Amanora Chambers
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+1 646 845 9312
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