What is Overhead Power Cables Market?
Overhead power cables are power cables used for transmitting electricity from generating stations to the consumer. These cables are generally used mainly between power stations and substations or between substations. In this type of cables, a conductor laid on the top of earth by installing a transmission tower.
The market study is being classified by Type (Conductors, Fittings and Fixtures), by Application (Commercial, Industrial and Residential) and major geographies with country level break-up.
Prysmian Group (Italy), Nexans S.A. (France), Sumitomo Electric Industries (Japan), General Cable (United States), NKT Holding (Denmark), LS Cable and System (South Korea), Southwire Company, LLC (United States), Hangzhou Cable Co Ltd (China), Orient Cables India Pvt. Ltd (India) and Allied Wire & Cable (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Houston Wire & Cable (United States) and Eland Cables (United Kingdom).
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Overhead Power Cables market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Overhead Power Cables market by Type, Application and Region.
On the basis of geography, the market of Overhead Power Cables has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- High Power Transmission and Low Installation and Material Cost
- Increased Demand for Electricity from Various Industries and Urban Areas
Restraints
- High Safety Risk As It Is Exposed To the Surrounding
Opportunities
- Rise in the Industrialization and Urbanization
- Growth in the Renewable Energy Projects
Challenges
- Environmental Factors Causes Damage to the Cables
In May 2019, Sumitomo Electric Industries, Ltd. has announced that it has completed two high-voltage direct current (HVDC) interconnector cable projects using crosslinked polyethylene (XLPE) insulated cables.
Key Target Audience
Overhead Power Cables Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Product Suppliers/ Buyers, Distributors, Government Body & Associations and End-user