Global Energy Cable Market Report 2018: $128 Billion Opportunity, Trends, Forecast and Competitive Analysis 2012-2023 - ResearchAndMarkets.com
The "Energy
Cable Market Report: Trends, Forecast and Competitive Analysis"
report has been added to ResearchAndMarkets.com's
offering.
The global energy cable market is expected to reach an estimated $128.7
billion by 2023 and is forecast to grow at a CAGR of 5.2% from 2018 to
2023.
The future of the energy cable market looks attractive with
opportunities in the utilities, industrial, residential, and commercial
sectors. The major growth drivers for this market are growth in
electricity consumption due to industrialization, urbanization,
electrification of rural areas, and increasing construction activities.
Emerging trends, which have a direct impact on the energy cable dynamics
of the industry, include the deployment of superconductors in power
cables for improved performance and electron beam cross-linking of power
cable for durability and high current carrying capacity.
The report forecasts that low voltage cable is expected to remain the
largest segment due to growth in construction as well as the automotive
sector, especially in China and India. High voltage cable is expected to
witness the highest growth in the forecast period supported by
increasing investment on renewable power generation sources and
ultra-high voltage transmission lines.
Within the energy cable market, utilities are expected to remain the
largest end-use market due to the continuous expansion in electrical
infrastructure to fulfill growing electricity demand. The residential
segment is expected to witness the highest growth in the forecast period
supported by increasing construction activities and increasing demand
for heating, cooling, and air-conditioning (HVAC) equipment.
Asia Pacific is expected to remain the largest market and is also
expected to witness the highest growth over the forecast period.
Economic expansion, industrialization, urbanization, and rural
electrification projects, particularly in India and China, are leading
the demand for energy cables.
Some of the energy cable companies profiled in this report include
Prysmian Group, Nexans S.A., Leoni AG, NKT S/A, Sumitomo Electric
Industries Ltd, Encore Wire Corporation, and Southwire are among the
major suppliers of energy cable.
Scope of the Report
Energy Cable Market by Voltage Type [$B shipment analysis for
2012 - 2023]:
-
Low Voltage
-
Medium Voltage
-
High Voltage
Energy Cable Market by End-Use Industries Market [$B shipment
analysis for 2012 - 2023]:
-
Utilities
-
Industrial
-
Residential
-
Commercial
Energy Cable Market by Product Type [$B shipment analysis for
2012 - 2023]:
-
Low Voltage Energy Cables
-
Power Cables
Key Topics Covered:
1. Executive Summary
2. Market Background and Classifications
3. Market Trends and Forecast Analysis from 2012 to 2023
4. Market Trends and Forecast Analysis by Region
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
-
Encore Wire Corporation
-
General Cable Corporation
-
KEI Industries Limited
-
Leoni AG
-
Nexans S.A
-
NKT
-
Prysmian Group
-
Southwire
-
Sumitomo Electric Industries Ltd
View source version on businesswire.com: https://www.businesswire.com/news/home/20180906005790/en/
Copyright Business Wire 2018
Source: Business Wire
(September 6, 2018 - 1:04 PM EDT)
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