Global High Voltage Cable Market Overview:
The global high voltage cable market is expected to grow at a slow pace during the forecast period, according to the AMA study. The growing industrialization with simultaneous urbanization in developing countries and the rising number of projects for grid connections are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness a slight decline in the growth during the next few years but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
Attributes | Details |
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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:
Adoption of Easy Installation & Economical Advantages Technologies
Market Growth Drivers:
Growing Industrialization with Simultaneous Urbanization in Developing Countries and Rising Number of Projects for Grid Interconnections
Challenges:
Fluctuations in Raw Material Prices
Restraints:
Regulatory, Environmental, & Complex Authorization Procedures Leading to Delays
Opportunities:
Offshore Wind Policies in Emerging Countries
Competitive Landscape:
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time.
Some of the key players profiled in the report are Baosheng High Voltage Cable Co., Ltd., Dubai Cable Company Private Ltd., EL Sewedy Electric Company, Furukawa Electric Co., Ltd., General Cable Corporation, Jiangnan Group Limited, Kabelwerke Brugg AG, LS Cable & System Ltd., Nexans S.A., NKT Cables Group A/S, Prysmian S.P.A. and Southwire Company, LLC. Additionally, following companies can also be profiled that are part of our coverage like Sumitomo Electric Industries, Ltd., Tele-Fonika Kable Sa and Tianjin Suli Cable Group. Analyst at AMA Research see United States Manufacturers to retain maximum share of Global High Voltage Cable market by 2030. Considering Market by End Use, the sub-segment i.e. Industrial will boost the High Voltage Cable market. Considering Market by Voltage, the sub-segment i.e. Less Than 100 kV will boost the High Voltage Cable market.
Latest Market Insights:
In May 2022, Polycab India Ltd is aggressively looking for inorganic growth opportunities with an eye on product segments where it currently has minimal presence, apart from increasing penetration in key regional markets with its core wires and cables business, Chief Financial Officer Gandharv Tongia told Informist.
In June 2023,Nexans has launched a new high-voltage cable range for aircraft. With an efficiency higher than the previous generation, this cable family is a decisive step to reaching the carbon neutral objective in the aerospace industry by 2050.
Stringent Worldwide Government Regulations Regarding Lock-Down of Markets & Cities Across Different Countries of the World to Avoid the Spread of COVID-19
What Can be Explored with the High Voltage Cable Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global High Voltage Cable Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in High Voltage 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 High Voltage 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 High Voltage 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.
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.