December 29, 2017 - 6:27 AM EST
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High Voltage Cables Market - Forecast to Reach $48 Billion by 2023 - Research and Markets

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The "High Voltage Cables - Global Market Outlook (2017-2023)" report has been added to Research and Markets' offering.

The Global High Voltage Cables Market accounted for $28.0 billion in 2016 and expected to grow at a CAGR of 8.0% to reach $48.1 billion by 2023. The market is driven by growth of offshore wind farms, projects for grid interconnections, rise in the use of renewable, and need for efficient transmission systems. On the other hand, delays faced in the implementation of power projects and regulatory environment & funding are inhibiting the market growth.

Underground cables are growing significantly owing to their advantages like longer life and lower operating costs. Submarine cables are anticipated to witness the fastest growth during the forecast period, because of various applications in offshore power projects and oil & gas industry. With regards to the end user segment, industrial segment held the highest revenue share, owing to growing energy demand in industries such as oil & gas, mining, power utilities, and chemicals. Infrastructure segment is expected to witness the highest CAGR during the forecast period due to increase in urbanization in developing countries. Asia Pacific held the largest market share, followed by Europe and North America due to its strong layout of transmission plans. For instance, government in china is investing in creating infrastructure for renewable energy sources.

Products Covered:

  • Overhead Products
  • Fixtures
  • Fitting
  • Conductors
  • Submarine & Underground Products
  • Cable Joints
  • Cable Terminations
  • MI Cables
  • XLPE Cables

End Users Covered:

  • Renewable Energy
  • Hydropower
  • Wind
  • Other Energy
  • Infrastructure
  • Residential Sector
  • Commercial Sector
  • Industrial
  • Chemical & Petrochemical
  • Mining
  • Power Utilities
  • Oil & Gas
  • Other Industrial Users

Type of Currents Covered:

  • HVAC Cables
  • HVDC Cables

Companies Mentioned

  • Sumitomo Electric Industries, Ltd.
  • Encore Wire Corporation
  • Brugg Kabel AG
  • Siemens Ag
  • Tele-Fonika Kable S.A.
  • Dubai Cable Company Pvt. Ltd.
  • Kerite
  • General Cable Corporation
  • Finolex
  • Cable C

Key Topics Covered:

1. Executive Summary

2. Preface

3. Market Trend Analysis

4. Porters Five Force Analysis

5. Global High Voltage Cables Market, By Product

6. Global High Voltage Cables Market, By End User

7. Global High Voltage Cables Market, By Type of Current

8. Global High Voltage Cables Market, By Geography

9. Key Developments

10. Company Profiling

For more information about this report visit https://www.researchandmarkets.com/research/xpvg8l/high_voltage

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Related Topics: Wire and Cables


Source: Business Wire (December 29, 2017 - 6:27 AM EST)

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