High Voltage Cables Market worth $41.27 Billion USD by 2021,at a CAGR of 6.0%.
2016-08-26
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 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: 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. Speak to Analyst:http://www.marketsandmarkets.com/speaktoanalyst.asp?id=95892251 Stakeholders This report includes the following stakeholders: Enquiry (Ask for Customized Report Matching Your Exact Requirement):http://www.marketsandmarkets.com/requestCustomization.asp?id=95892251 About MarketsandMarkets MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M`s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.