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High Voltage Cables & Accessories Market by Installation, Products, Voltage & Region - Forecast to 2022

High Voltage Cables & Accessories Market: Forecast until 2022

  • September 2017
  • 237 pages
  • ID: 5123123
In this report:
According to the International Renewable Energy Agency (IRENA), in 2015, approximately ##.## GW of power generation capacity was added worldwide, of which ## GW was through renewable sources, which was ##.##% of the total power generation capacity added in 2015.
NKT Cables received a contract worth USD ## million (EUR ## million) from DONG Energy to deliver ## kilometers of a ## kV high voltage AC submarine export cable system for the Hornsea Project One offshore wind farm.


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The overall high voltage cables and accessories market is estimated to rise at a compound annual growth rate of ~6.0 percent, between 2017 and 2022

The high voltage cables and accessories market is forecasted to grow from an estimated value of ~$30.5B in 2017 to ~$40.9B by 2022, at a compound annual growth rate of ~6.0 percent, between 2017 and 2022. The growing focus on grid interconnections, rise of offshore wind farms, and need for efficient transmission systems have boosted the market demand for the high voltage cables and accessories market.

Additionally, continuous rise in power generation capacity and adoption of smart grid technology would further aid the increase of this market. Regulatory, environmental, and complex authorization procedures leading to delays and volatile prices of raw materials would act as a restraint for the increase ot the high voltage cables and accessories market.

The XLPE segment is forecasted to dominate the underground high voltage cables and accessories market between 2017 and 2022

The XLPE cable was the biggest segment in the underground cable systems market in 2016. XLPE cables are most commonly used in underground systems. The cable technology gained a significant advancement and, therefore, are preferred over the fluid filled cable technology. Rise in power generation and the increase in the transmission sector account for the high market share of the XLPE cables segment in the underground high voltage cables and accessories market.

The 400 kV and above segment is anticipated to grow at the highest compound annual growth rate (CAGR) between 2017 and 2022

The 400 kV and above segment is anticipated to the quickest increasing segment in the high voltage cables and accessories market, between 2017 and 2022. The liking of grids and transmission infrastructure between territories have also resulted in the 400 kV and above segment accounting for the biggest market share. These cables find application in transmission and distribution, grid interconnection, and other energy markets.

Middle East (ME) & African continent: The quickest increasing sector for high voltage cables & accessories

The Middle East (ME) and African continent is the fastest growing area in the overall high voltage cables and accessories market. This increase and growing demand for high voltage cables and accessories is attributed by the investments in T&D, led by increasing infrastructure developments and emerging wind energy generation activities, with a focus on generating electricity domestically.

Key players' distribution profiles:

Comprehensive interviews have been managed with several key industry participants, subject-matter experts, C-suite executives of key industry players, and industry consultants, among other experts, to verify and obtain critical qualitative and quantitative info, as well as to evaluate future industry prospects.

The classification of primaries interviews is like:

- By Company Type: Tier 1 60.0 percent, Tier 2 27.0 percent, Tier 3 13.0 percent

- By Designation: C-Level- 50.0 percent, Manager Level- 30.0 percent, Others- 20.0 percent

- By area: Asia Pacific - 30.0 percent, Europe- 25.0 percent, North america (NA) - 23.0 percent, Middle East & Africa - 13.0 percent, Latin America - 9.0 percent

Notes: Others includes engineers, power article writers, and research scholars.

Tier n1 Company: Revenue >5 billion, Tier 2 Company: Revenue between 1 billion and 5 billion, and Tier 3 Company: Revenue <1 billion

The main players in the high voltage cables and accessories market are Prysmian S.p.A., Sumitomo Electric Sectors, Limited, Nexans S.A., NKT Cables Group A/S, and General Cable Corporation among others.

Segment Research

The market research defines, depicts, and forecasts the overall high voltage cables and accessories market by installation, by product class, by voltage range, and by area. It also provides a in-depth qualitative and quantitative analysis of the market. The industry report offers a comprehensive review of the main market drivers, industry restraints, possibilities, and opportunities. It also includes different important aspects of the market.

Why acquire this industry report?

1. The study determines and addresses main markets for high voltage cables and accessories, which would help providers review the rise in the industry demand for the product.

2. The analysis benefits solution providers distinguish the pulse of the sector and offer business insights into drivers, market restraints, alternatives, and opportunities.

3. The market research will facilitate top players comprehend the strategies of their competitors better and will facilitate in making tactical conclusions

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