Dublin, Oct. 07, 2022 (GLOBE NEWSWIRE) -- The "Medium Voltage Cables Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global medium voltage cables market size reached US$ 51.74 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 72.78 Billion by 2027, exhibiting a CAGR of 5.85% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Medium voltage cables are power cables comprising three layers, such as conductor and insulation screen, and insulation material. They are highly flexible and durable and offer protection against abrasion, tearing and wearing, and environmental impacts. They are safer and cost-effective as medium voltage cables are laid underground with less operation and maintenance costs.
In addition, they provide a reliable power source during unpredictable power outage situations by efficiently distributing power to isolated areas. Apart from this, they are easy to install, offer a long shelf-life, and improve resistance to pulling, twisting, and tension. As a result, they find extensive applications in oil and gas, mining, chemical, and electrical industries across the globe.
Medium Voltage Cables Market Trends:
Due to rapid industrialization and urbanization, there is a rise in the demand for efficient power generation, transmission, and distribution across the globe. This, along with various innovations in the design of medium voltage cables, represents one of the key factors driving the market.
Besides this, key market players are extensively investing in research and development (R&D) activities to introduce high-performance insulating system technology (HPTE) for replacing medium voltage cross-linked polyethylene (XLPE) insulated cables. They are also focusing on various marketing strategies to expand their customer base, which is contributing to the growth of the market.
In addition, the growing demand for renewable energy sources to reduce greenhouse gas emissions and air pollution is positively influencing the market. Moreover, the increasing demand for underground cables on account of the lesser number of annual faults compared to overhead cables is offering lucrative growth opportunities to industry investors. Apart from this, the rising utilization of medium voltage cables in the mining industry to supply power to drills, shovels, and haulers is bolstering the growth of the market.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd, Brugg Cables (Shanghai) Co. Ltd., Eland Cables, Hellenic Cables S.A., LS Cable & System (LS Group), Nexans S.A., NKT A/S, Prysmian S.p.A., Riyadh Cables, Southwire Company LLC, Sumitomo Electric Industries Ltd., Synergy Cables and TPC Wire & Cable.
Key Questions Answered in This Report:
- How has the global medium voltage cables market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global medium voltage cables market?
- What are the key regional markets?
- What is the breakup of the market based on the voltage?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the installation?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global medium voltage cables market and who are the key players?
- What is the degree of competition in the industry?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Medium Voltage Cables Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Voltage
6.1 Up to 25kV
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 26kV-50kV
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 51kV-75kV
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 76kV-100kV
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Product
7.1 Termination Cables
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Joints
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 XLPE Cables
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Installation
8.1 Underground
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Submarine
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Overhead
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by End User
9.1 Industrial
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Commercial
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Utility
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Region
11 SWOT Analysis
12 Value Chain Analysis
13 Porters Five Forces Analysis
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 ABB Ltd
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Brugg Cables (Shanghai) Co. Ltd.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Eland Cables
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Hellenic Cables S.A.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 LS Cable & System (LS Group)
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Nexans S.A.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 NKT A/S
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.8 Prysmian S.p.A.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Riyadh Cables
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Southwire Company LLC
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 SWOT Analysis
15.3.11 Sumitomo Electric Industries Ltd.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
15.3.12 Synergy Cables
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.13 TPC Wire & Cable
15.3.13.1 Company Overview
15.3.13.2 Product Portfolio
For more information about this report visit https://www.researchandmarkets.com/r/two91
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