Global HV Cable Market Overview:
High voltage cables are used when underground broadcast is required. These cables are laid in channels or are supressed in the ground. Unlike in overhead lines, air does not form part of the insulation, and the conductor must be completely protected. Cable systems are arranged with accessories, which have passed the applicable type tests pursuant to national and international standards, like long-duration tests, cable conductors can be made of copper or aluminum.
As per latest study released by AMA Research, the Global HV Cable market is expected to see growth rate of 6.2%Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Huge Demand for Insulated Wire and Cable and Transmission Network Development
Market Growth Drivers:
Renewal of Existing Power Transmission and Distribution Network and Increasing Industrialization in Developing Countries
Challenges:
Corona Loss Is a Big Problem at Higher Voltages
Restraints:
High Cost Related To HV Cables
Opportunities:
Demand For Flexibility and Customization of Wires and Cables Is Increasing and Wire & Cables Manufacturers Are Developing New Product
Competitive Landscape:
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies.
Some of the key players profiled in the report are Brugg Cables AG (Switzerland), NKT A/S (Denmark), RPG Cables (India), Elsewedy Cables (Egypt), Olex (Australia), Bahra Cables (Saudi Arabia), Prysmian Group (Italy), Sumitomo Electric Industries Ltd. (Japan), Furukawa Electric Co. Ltd. (Japan) and Southwire Company LLC (United States). Additionally, following companies can also be profiled that are part of our coverage like LS Cable & System Ltd. (South Korea), Jiangnan Group Limited (China), Baosheng High Voltage Cable Co. Ltd. (China) and TELE-FONIKA Kable S.A. (Poland). Analyst at AMA Research see Asian Manufacturers to retain maximum share of Global HV Cable market by 2030. Considering Market by Voltage Capacity, the sub-segment i.e. 72.5 kV will boost the HV Cable market. Considering Market by Industry Verticals, the sub-segment i.e. Aerospace and Defense will boost the HV Cable market.
Latest Market Insights:
In September 2022- Prysmian Group, the world leader in the energy and telecom cable systems industry, will present its state-of-the-art integrated range of products and services for the onshore and offshore wind power industry at the 2022 edition of WindEnergy Hamburg.
On Sept 5, 2019 - Prysmian Group, world leader in the energy and telecom cable systems industry, is launching its Pry-ID smart cable technology, which provides easy, real-time access to comprehensive information regarding cable status.
What Can be Explored with the HV Cable Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global HV Cable Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in HV Cable
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global HV Cable market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in HV Cable market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of HV Cables, Suppliers of HV Cables, Wholesalers, Distributors and Retailers of HV Cables, Wire and Cable Industry, Raw Material Suppliers and IT and Telecommunication Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.