High Voltage Cables and Accessories Market 2018 Top Market Players: Siemens, NKT cables group, Nexans, Prysmian group, ABB Group, Brugg Kabel AG, Synergy Cables Ltd.

Market Overview
The Global High Voltage Cables & Accessories Market has witnessed a remarkable growth in the past few years and it has been anticipated that the market will grow at the rapid pace during the forecast period. This growth is mainly attributed towards the growing offshore wind farms, high voltage direct current links, and grid interconnections. Increasing need for grid interconnections is resulting in rising investments in the new submarine and underground cables and accessories market. The upcoming projects for the overhead transmission lines would also boost the demand for high voltage cables and accessories systems. The global high voltage cables & accessories market is primarily driven by the growing demand from industries and energy distribution centres. Across the globe, industries are investing the development or updating the infrastructure to accommodate the power transmission requirements. As per the study conducted by Market Research Future, the global market for high voltage cables & accessories is likely to grow at the CAGR of around 6%.

Key Players :
The key players in this market include NKT cables group (Germany), Nexans (France), Prysmian group (Italy), Finolex Cables Ltd (India), Siemens (Germany), ABB Group (Switzerland), Cable Corporation of India Ltd. (India), Brugg Kabel AG (Switzerland) and Synergy Cables Ltd. (Israel).

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The high voltage cables and accessories market is segmented by installation into products specific for overhead, underground, and submarine cable systems. In the underground and submarine products, cable joints and terminations are the two major accessories needed to connect cable splices to another cable or terminal equipment. On the other hand, overhead high voltage cables use long conducting wires for power transmission, which are held tightly over high towers with the help of fittings and fixtures. Mass Impregnated (MI) cable is a cable that is extensively used in submarine for high voltage applications. The current carrying capacity of MI cables differentiate it from XLPE (cross-linked polyethylene) cables or other types of cables. MI cables are environment-friendly and contain no free oil. Thus, the electric field around the cable is zero even under the most stringent operational conditions because of the metallic sheath. The market of MI cables is projected to grow at the highest CAGR among all product segments under the underground high voltage cables and accessories market during the forecast period.

Competitive Analysis
The global market for high voltage cables & accessories seems to be highly competitive. To maintain the market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, product launch, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.

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