South America Medium-voltage Cable Market Outlook, 2028

South America Medium-voltage Cable Market Outlook, 2028

South America's medium-voltage cable market stands as a testament to the region's growing infrastructure and industrial prowess. South America's wide and varied topography, which includes both urban centers and outlying regions, creates a special challenge and potential for the development of dependable electricity transmission networks. The constant pursuit of advancement in industries including manufacturing, mining, oil and gas, and renewable energy has resulted in a sharp increase in the demand for reliable and effective medium-voltage cables. The South American market for medium-voltage cables has emerged as a focus for innovation, investment, and technological breakthroughs as governments and businesses work to fulfil the increasing energy needs of a growing population. The ongoing advancements in digitalization and smart grid technologies necessitate the development of cables that can support data transmission and facilitate the integration of smart systems.

According to the research report, ""South America Medium Voltage Cable Market Outlook, 2028,"" published by Bonafide Research, the market is anticipated to add more than USD 774 million from 2023 to 2028. South America's diverse cultures have a variety of effects on the market for medium-voltage cables. The preferences, norms, and specifications for medium-voltage cable installations are influenced by regional conventions, traditions, and legal frameworks. It is crucial for market participants to comprehend and appreciate the cultural quirks of each South American nation in order to successfully navigate the area and forge solid relationships with regional stakeholders. The market for medium-voltage cables in South America is being driven by various factors. First off, the swift industrialization and urbanization of the area demand a strong and dependable electricity transmission infrastructure. In addition, the need for medium-voltage cables to deliver clean energy to the grid is being driven by the rising need for renewable energy sources, such as wind and solar farms. The expansion of the industry is further aided by the demand for electrification in rural areas and the rising manufacturing and mining industries.

Utilities, particularly power distribution firms, and renewable energy projects are the two industries that currently generate a substantial portion of the demand for medium-voltage cables in South America. The expansion of renewable energy projects like wind and solar farms has boosted demand for medium-voltage cables in the area. The need for medium-voltage cables is also heavily influenced by the mining and industrial sectors. The growing focus on renewable energy sources, such as wind farms and solar power plants, drives the demand for medium-voltage cables to connect these installations to the grid. In the South American medium voltage cable market, both copper and aluminum are employed; however, depending on criteria including budget, performance needs, and particular project considerations, one material may be preferred over the other. For applications that require strong conductivity and long-term dependability, copper is still frequently regarded as the ideal material. Aluminum, however, is becoming more popular in some situations where cost effectiveness is a crucial factor.

In metropolitan regions, residential areas, and situations where aesthetic concerns and environmental aspects are important, underground installation is frequently selected. Underground cables provide a stronger defense against environmental factors like weather, vandalism, and unintentional damage. This installation style reduces visual impact and creates a cleaner, more organized urban scene. The medium-voltage cable market in South America varies across different countries, reflecting unique economic, regulatory, and infrastructure conditions in each nation. Factors such as local manufacturing capabilities, government policies, and industry maturity levels can influence market dynamics. The medium-voltage cable market in South America is highly competitive, with both local and international manufacturers competing for market share. This competition fosters innovation, quality improvements, and cost optimization to meet the diverse needs of end users.

In South America, Alpha Wire, Furukawa Electric Company, General Cable Technologies Corporation, Leoni AG, LS Cable & System, Nexans, and Sumitomo Electric Industries are among the leading companies in the medium voltage cable market in South America. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The market for medium-voltage cables in South America is exhibiting a number of interesting developments. The use of sustainable cable materials and manufacturing techniques is being driven by a shift towards environmentally and energy-friendly alternatives. The sector is also being revolutionized by digitization and smart grid technologies, which have resulted in the creation of intelligent medium-voltage cables that can send data for real-time monitoring and control. The integration of renewable energy sources, ongoing infrastructure development projects in the area, and the requirement for updating the region's current power transmission networks all contribute to a favorable economic environment. Additionally, creative product offers, strategic alliances, and financial expenditures in R&D can lead to access to new markets and clients.

Brazil and Argentina are major economies in the South American market. Escalating urbanization and industrialization in the South America Market region are expected to boost the South America Market medium-voltage cable market. Growth in industrialization, particularly in the developing economies of South America, has created an ever-increasing need for energy generation, transmission, and distribution. This has significantly propelled the demand for medium-voltage cables. Further, industrialization has resulted in the growth of urbanization in these countries as it has created economic growth as well as job opportunities, which is driving people to relocate to cities. With the growth in urban population, there is an increase in investments to meet the challenges concerning the need for housing, energy distribution, transportation, and other infrastructure. Moreover, urbanization and industrialization have also resulted in increased demand for basic facilities such as education and healthcare. To meet these challenges, several governments across the South American market have laid down initiatives to meet shortages in the basic infrastructure and housing sectors. Since medium-voltage cables are vital components of electricity transmission and distribution, the above-mentioned factors are anticipated to significantly boost the growth of the South American medium-voltage cable market. Other factors, such as advancements in cable technology, are also expected to increase the demand for medium-voltage cable, driving the South America medium-voltage cable market during the forecast period.

In South America, ABNT NBR 7288, which establishes the technical requirements for medium-voltage cables in Brazil, The National Institute of Metrology, Quality, and Technology (Inmetro) and ISO 9001:2015 certification ensure compliance with quality management systems. And some authorized bodies for the medium voltage cable market regulations in South America are the Argentine Institute for Standardization and Certification (IRAM), the Colombian Institute of Technical Standards and Certification (ICONTEC), and the Peruvian Technical Standardization Institute (INACAL). FIEE Smart Future, Brazil, and Expo Electrical International, Mexico, showcase a wide range of electrical products and services, including medium voltage cables. The South American medium voltage cable market continues to evolve and holds the power to shape a brighter and more efficient future. The convergence of infrastructure development, sustainability goals, and technological advancements provides fertile ground for innovation, economic growth, and improved quality of life across the region.

Considered in this report
• Geography: South America
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• South America Medium Voltage Cable market with its value and forecast along with its segments
• Country-wise Medium Voltage Cable Market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report:
• Brazil
• Argentina
• Colombia

By Installation Type:
• Overhead
• Underground
• Submarine

By End Users:
• Power Infrastructure (Energy, Power Transmission, and Distribution)
• IT & Telecommunication
• Building & Construction (Commercial and Residential)
• Aerospace & Defence
• Consumer Electronics
• Automotive (Passenger, Commercial, and Utility Vehicles)
• Others (Oil & Gas Industry, Industrial Machinery and Manufacturing, Medical Equipment, Logistics, etc.)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Medium Voltage Cable industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.***Please Note: It will take 48 hours (2 Business days) for delivery of the report upon order confirmation.