Home > News > High Voltage Cables Market worth $41.27 Billion USD by 2021,at a CAGR of 6.0%.

High Voltage Cables Market worth $41.27 Billion USD by 2021,at a CAGR of 6.0%.


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The report "High Voltage Cables Market by Type of Use (Overhead, Underground, Submarine), Overhead Products (Conductors, Fittings & Fixtures), Underground & Submarine Products (XLPE Cables, MI Cables, Cable Joints & Terminations), and Region - Global Forecast to 2021", The high voltage cables & accessories market is expected to grow from an estimated USD 30.83 Billion in 2016 to USD 41.27 Billion by 2021, at a CAGR of 6.0%. Major factors, such as grid interconnections, offshore windfarm connections, connections of islands with mainland, power from shore links to offshore oil & gas installations, and projects integrating renewable generation with the power transmission grid are driving the market across the globe.

Browse 121 market data Tables and 55 Figures spread through 174 Pages and in-depth TOC on "High Voltage Cables Market - Global Forecast to 2021"

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XLPE cables is the biggest underground products market

XLPE (cross-linked polyethylene) cables are the most commonly used cables in undergrounding systems. The cable technology has advanced significantly, which has enabled the use of XLPE cables over the fluid-filled cable technology. XLPE provides insulation to cables to make it withstand the electric field under rated and transient operating conditions. XLPE cable was the largest segment in the Underground Cable systems market in 2015.

Asia-Pacific is the dominant market for high voltage cables & accessories

Asia-Pacific is the largest market for high voltage cables & accessories among other regions studied in this report. This region will continue to dominate the high voltage cables & accessories market, seeking high voltage transmission projects in the region. China is leading the regional high voltage cables & accessories market, whereas other global key markets include the U.S., India, Germany, U.K., Brazil, and Egypt. The manufacturers and service providers are focusing and creating huge prospects in this service industry. Also, governments, private producers & service providers, and cables & accessories manufacturers are continuously trying to integrate their existing technologies and develop new ones extensively to increase the capacity of high voltage transmission and reduce the impact of high voltage transmission near residential areas.

To provide an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the high voltage cables & accessories market such as ABB Ltd. (Switzerland), Prysmian Group (Italy), Sumitomo Electric Industries, Ltd. (Japan), Nexans (France), NKT Cables (Germany), and General Cable Corporation (U.S.) among others. Dominant players are trying to penetrate developing and developed economies and adopting contracts & agreements strategy to increase their market share.

Research Methodology

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Extensive secondary sources, directories, and databases, such as IEEE publications, high voltage cables & accessories magazines and publications, International Cablemakers Federation (ICF), National Renewable Energy Laboratory (NREL), Global Wind Energy Council (GWEC), TD world, EIA websites, Company Annual Reports, Bloomberg Businessweek, and Factiva, have been used to identify and collect information for this technical, market-oriented, and commercial study of the global high voltage cables & accessories market. Below is the explained research methodology:

  • Analysis of all the operational and upcoming High Voltage Direct Current (HVDC) projects, across the globe along with its type/capacity, wind and offshore wind energy capacity, length of transmission network
  • Estimation of T&D expenditures across various regions
  • Estimation of project costs for HVDC links in various regions and arriving at the total market size using market engineering process
  • Analyzing market trends in various regions/countries supported by the on-going support for renewable energy generation in respective regions/countries
  • Overall market size values are finalized by triangulation with the supply side data which include the product developments, supply chain and annual contracts for high voltage cables & accessories across the globe

After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure given below shows the breakdown of the primaries on the basis of company type, designation, and region, conducted during the research study.

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This report includes the following stakeholders:

  • Raw material suppliers
  • Manufacturers
  • Power companies
  • Cable manufacturing companies
  • High voltage cable accessories equipment manufacturers
  • Government and research organizations
  • Energy associations
  • Environmental associations
  • Investment banks

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