The global High Voltage Cable market was valued at US$ 10760 million in 2020 and it is expected to reach US$ 12990 million by the end of 2027, growing at a CAGR of 2.7% during 2021-2027.
Any voltage above 1,000 volts is defined as the high voltage. High voltage cables are used for electric power transmission at high voltage. This kind of cables are manufactured with the protective jacket, insulation and one or more conductors. High voltage cables can be used for underground & underwater applications, buildings and overhead lines to transmit electricity. The insulation of the high voltage cables does not deteriorate due to high voltage. For the insulation purpose or to control the electric field around the conductor, high voltage cables have additional layers. The cables with higher power distribution capacity are insulated with oil and paper. The insulation over the cable prevents the direct contact with persons and other objects as well. The length of the high voltage cable varies as per the application and requirement. For instance, high voltage cables of longer length are used in an industrial application and as well as at buildings and shorter cables are used in the apparatus.
High voltage cables are shielded cables that are mainly used for power transmission at high voltage. They are made up of conductor, conductor shield, insulator, semi-conducting insulation shield, metallic insulation shield, and sheath. High voltage cables generally operate in the range of 60 – 500 kV.
In the coming years there is an increasing demand for High Voltage Cables in the regions of North America and Europe that is expected to drive the market for more advanced High Voltage Cables. The growth in government budgets in the principal countries of United States and the change of the political conditions in certain regions will drive growth in North America and Europe markets.
Although the market competition of High Voltage Cables is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of High Voltage Cables and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.
Global High Voltage Cable Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global High Voltage Cable Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Prysmian, Nexans, General Cable, Sumitomo Electric, Southwire, LS Cable & System, Furukawa Electric, Riyadh Cable, Elsewedy Electric, Condumex, NKT Cables, FarEast Cable, Shangshang Cable, Jiangnan Cable, Baosheng Cable, Hanhe Cable, Okonite, Synergy Cable, Taihan, TF Cable and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-high-voltage-cable-market-outlook
Segment by Type
- AC Power Cable
- DC Power Cable
Segment by Application
- Wind and Solar
Table of Content:
1 High Voltage Cable Market Overview
2 High Voltage Cable Market Competition by Manufacturers
3 High Voltage Cable Retrospective Market Scenario by Region
4 Global High Voltage Cable Historic Market Analysis by Type
5 Global High Voltage Cable Historic Market Analysis by Application
6 Key Companies Profiled
7 High Voltage Cable Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 High Voltage Cable Market Dynamics
10 Global High Voltage Cable Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.