Power Cable Market 2022-2026
New Study Reports ” Power Cable Market 2022: Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast To 2030″ has been Added on PMR.
Report Overview
The report on the Power Cable Market provided based on the recent developments and data that has been collated from the previous year’s looks to provide a thorough understanding. The market overview provided in the initial section looks to provide the reader with adequate information regarding the product and services. It focuses on the market definition along with the product applications and end-user industries. The report covers a period spanning from 2022 to 2026. Competitive analysis and prominent industry trends have been included in the in-depth study provided in the main section of the report.
As per the numbers given in this report, the global power cable market is estimated to be valued at US$ 7,015.8 Mn in 2018 and is forecasted to reach a valuation of US$ 11,504.7 Mn in 2026 end, exhibiting a CAGR of 7.2% during the period of assessment 2018-2026.
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The underground HVDC power cables are being considered as a viable alternative to transmit high-voltage power over long distances. HVDC power systems are proving to be economical for long-distance bulk power delivery. Directives are being issued by various regulatory authorities to create an internal energy market and improve energy security. Such projects are intended to end energy isolation and remove the factors that hinder the growth of the internal energy market. HVDC cables are regarded as the ideal option as these projects would include cross-border transmission of high loads of electricity. Additionally, the lightweight of HVDC cables makes them a preferred option over their AC counterparts, especially in submarine power transmission. These are some of the important findings of the latest comprehensive research report that has been released by Persistence Market Research which is titled as ‘Power Cable Market: Global Industry Analysis 2013-2017 and Forecast 2018-2026’. This research report presents a deep insight into the global power cable market and discusses the qualitative factors that are responsible for the growth of this market and also discusses the factors which hinder the growth of this market. This research report also presents a detailed quantitative assessment of the various segments and sub-segments of the global power cable market and also presents information on the various regional markets spread all over the globe.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Prysmian Group, Nexans SA, General Cable Technologies Corporation, Sumitomo Electric Industries Ltd., Fujikura Ltd., NKT AS, Encore Wire Corporation, Elmeridge Cables Limited, Southwire Company LLC and Furukawa Electric Ltd and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Power Cable.
Global Power Cable Market: Dynamics
Due to rapid industrialization in the developing countries and rapid urbanization all over the world, there is an increase in the sales of power cable in the market. Industrialization in these countries leads to an increasing power and energy consumption, which leads to increasing sales of power cables in such markets. Industrialization in the developed countries is also leading to a demand for the replacement of the aging power cables and installation of efficient power cables. In addition, urbanization is also fuelling the growth of the global power cable market as rapid urbanization leads to the requirement and consumption of more electricity, and for this purpose, more number of distribution networks need to be deployed. Due to the increasing consumption of energy due to the factors related to urbanization and industrialization, there is going to be a rapid growth in the global power cable market.
A volatile and unstable power cable market has widespread repercussions for the manufacturers of power cables. From rising energy costs to unexpected fluctuations in raw material price levels, unforeseen obstacles are destabilizing supply chains and making it difficult for the manufacturers to remain stable. With supplies of raw materials becoming harder to secure, the volatility in commodity prices is there to stay. This leads to the manufacturers passing on the additional costs along to the consumers who are already reluctant to spend. These factors are likely to hinder the global power cable market.
Global Power Cable Market: Segmentation and Forecast
The global power cable market is segmented on the basis of voltage handling, end-use industry, by material and by region.
- The high voltage segment was valued at US$ 2,393.4 Mn in 2017.
- The power transmission segment was valued at US$ 2,073.6 in 2017 and is forecasted to reach a valuation of US$ 3,985.1 Mn in 2026 end, reflecting a CAGR of 7.7% during the period of assessment.
- The aluminum segment is estimated to account for 64 percent of the market value share in the year 2018.
- China is expected to account for a 7.7% CAGR and hold 20.2% of market share of global power cable market in 2018.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Power Cable Market Manufacturers
Power Cable Market Distributors/Traders/Wholesalers
Power Cable Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Power Cable Market – Report Highlights
- A detailed overview of parent market of Power Cable market
- Changing Power Cable market dynamics in the industry
- In-depth segmentation of the Power Cable market
- Historical, current, and projected Power Cable market size regarding volume and value
- Recent industry trends and developments in Power Cable market
- Competitive landscape of the Power Cable market
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Power Cable market performance
- Must-have information for Power Cable market players to sustain and enhance their market footprint
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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