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High Voltage Cable Trends and Forecast
The future of the global high voltage cable market looks promising with opportunities in the utility and industrial markets. The global high voltage cable market is expected to reach an estimated $48.8 billion by 2030 with a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are expanding power grid infrastructure, growing renewable energy generation, rising public reliance on electronic gadgets and appliances, along with increasing demand for electricity.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
High Voltage Cable by Segment
The study includes a forecast for the global high voltage cable by installation, end use, and region.
High Voltage Cable Market by Installation [Shipment Analysis by Value from 2018 to 2030]:
• Overhead
• Submarine
• Underground
High Voltage Cable Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Utility
• Industrial
• Others
High Voltage Cable Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of High Voltage Cable Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies high voltage cable companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the high voltage cable companies profiled in this report include-
• Prysmian
• Nexans
• General Cable
• NKT
• Furukawa Electric
• ABB
• Dubai Cable Company
High Voltage Cable Market Insights
Lucintel forecasts that overhead will remain the largest segment over the forecast period because it is widely used technique, least expensive and most pleasant type of installation, as a result, just average installation abilities are needed.
APAC will remain the largest region over the forecast period due to rapid urbanization and industrialization in the region.
Features of the Global High Voltage Cable Market
Market Size Estimates: High voltage cable market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: High voltage cable market size by installation, end use, and region in terms of value ($B).
Regional Analysis: High voltage cable market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different installation, end use, and regions for the high voltage cable market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the high voltage cable market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the high voltage cable market size?
Answer: The global high voltage cable market is expected to reach an estimated $48.8 billion by 2030.
Q2. What is the growth forecast for high voltage cable market?
Answer: The global high voltage cable market is expected to grow with a CAGR of 6.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the high voltage cable market?
Answer: The major drivers for this market are expanding power grid infrastructure, growing renewable energy generation, rising public reliance on electronic gadgets and appliances, along with increasing demand for electricity.
Q4. What are the major segments for high voltage cable market?
Answer: The future of the global high voltage cable market looks promising with opportunities in the utility and industrial markets.
Q5. Who are the key high voltage cable market companies?
Answer: Some of the key high voltage cable companies are as follows:
• Prysmian
• Nexans
• General Cable
• NKT
• Furukawa Electric
• ABB
• Dubai Cable Company
Q6. Which high voltage cable market segment will be the largest in future?
Answer: Lucintel forecasts that overhead will remain the largest segment over the forecast period because it is widely used technique, least expensive and most pleasant type of installation, as a result, just average installation abilities are needed.
Q7. In high voltage cable market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to rapid urbanization and industrialization in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the high voltage cable market by installation (overhead, submarine, and underground), end use (utility, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to High Voltage Cable Market, High Voltage Cable Market Size, High Voltage Cable Market Growth, High Voltage Cable Market Analysis, High Voltage Cable Market Report, High Voltage Cable Market Share, High Voltage Cable Market Trends, High Voltage Cable Market Forecast, High Voltage Cable Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global High Voltage Cable Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global High Voltage Cable Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global High Voltage Cable Market by Installation
3.3.1: Overhead
3.3.2: Submarine
3.3.3: Underground
3.4: Global High Voltage Cable Market by End Use
3.4.1: Utility
3.4.2: Industrial
3.4.3: others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global High Voltage Cable Market by Region
4.2: North American High Voltage Cable Market
4.2.2: North American High Voltage Cable Market by End Use: Utility, Industrial, and others
4.3: European High Voltage Cable Market
4.3.1: European High Voltage Cable Market by Installation: Overhead, Submarine, and Underground
4.3.2: European High Voltage Cable Market by End Use: Utility, Industrial, and others
4.4: APAC High Voltage Cable Market
4.4.1: APAC High Voltage Cable Market by Installation: Overhead, Submarine, and Underground
4.4.2: APAC High Voltage Cable Market by End Use: Utility, Industrial, and others
4.5: ROW High Voltage Cable Market
4.5.1: ROW High Voltage Cable Market by Installation: Overhead, Submarine, and Underground
4.5.2: ROW High Voltage Cable Market by End Use: Utility, Industrial, and others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global High Voltage Cable Market by Installation
6.1.2: Growth Opportunities for the Global High Voltage Cable Market by End Use
6.1.3: Growth Opportunities for the Global High Voltage Cable Market by Region
6.2: Emerging Trends in the Global High Voltage Cable Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global High Voltage Cable Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global High Voltage Cable Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Prysmian
7.2: Nexans
7.3: General Cable
7.4: NKT
7.5: Furukawa Electric
7.6: ABB
7.7: Dubai Cable Company
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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