Medium Voltage Cable Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	180 Pages	Fortune Business Insights Pvt. Ltd.	October, 2024	FOB19224259

Best Price Guarantee
Price	from $4,850
Length	180 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	October, 2024
SKU	FOB19224259

Medium Voltage Cable Market

Growth Factors of Medium Voltage Cable Market

The medium voltage cable market size was valued at USD 38.97 billion in 2023, and the market is now projected to grow from USD 41.81 billion in 2024 to USD 76.31 billion by 2032, exhibiting a CAGR of 7.81% during the forecast period of 2023-2030.

Lockdown enacted in numerous nations have hindered the manufacturing and caused transportation delays. In addition, worldwide restrictions have caused a halt in economic activities. The decrease in sales of passenger automobiles and commercial vehicles during the pandemic is a significant element influencing this industry hence reducing medium voltage cable market growth. Lockdown enacted in numerous nations have hindered the manufacturing and caused transportation delays. In addition, worldwide restrictions have caused a halt in economic activities. Despite the challenges of covid pandemic, the medium voltage cable market has proven to be robust. Although the construction of electric vehicle has been delayed due to shortage of man power and procurement concerns of raw material.

Increasing the supply of renewable energy quickly will promote medium voltage cable market growth in the upcoming years. Because it protects the environment from the problems posed by greenhouse gases and other dangerous substances, renewable energy is highly helpful. Over time, both rich and emerging nations have seen a notable increase in energy consumption, which benefits the world market. Significant investments have also been made in a number of countries to modernize the transmission and distribution networks and enable dependable electricity supply across many verticals.

Partnerships to advance technology to shape industry prospects. Various industry participants have started collaborating in order to increase the integration of cutting-edge technologies, which is driving the market. In order to efficiently optimize the configuration and operation of cables with varying voltage ratings, the major players in the market have also unveiled new alternatives. As an example, TEPCO Power Grid, Inc. and Sumitomo Electric Industries collaborated in August 2020 to create a new remote cable monitoring system that is specifically designed for subterranean networks.

Comprehensive Analysis of Medium Voltage Cable Market

The medium voltage cable market and power and energy industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the power and energy benefit management industry. These segmentations are methodically segregated by installation, by voltage and by application. The installation segmentations include, Overhead and Underground, By Voltage segmentations include 1 kV - 15 kV, 16 kV - 35 kV, and 36 kV - 70 kV wile By Application segmentations include Industrial, Commercial, and Utility.

The Asia Pacific region lead the medium voltage cable market by benefitting a market size of USD 13.62 billion in 2023 due to robust global economic growth, quickly achieved electrification goals, rising energy consumption, and enhanced capacity for cable production.

The top players in the market play a crucial role in the power and energy industry assuring industrial prospectus growth and setting market standards. These players include, Prysmian Group (Italy), Nexans (France), NKT A/S (Denmark), ABB (Switzerland), Brugg Cables (Switzerland), Riyadh Cables Group Company (Saudi Arabia), ZTT (China), General Cable Technologies Corporation (U.S.), FURUKAWA ELECTRIC CO., LTD. (Japan), Jiangnan Group Limited. (China), Tratos (England), Universal Cables Ltd. (India), Schneider Electric (France), DUCAB (UAE), Synergy Cables (Israel) these market players provide a level-playing competitive landscape.

In February 2024, In order to help Italy's energy transformation, Nexans was given a significant contract to provide 6,000 kilometers of low- and medium-voltage cables and services to a key Italian energy business starting in February 2024 and lasting 16 months. Nexans is now a more significant player in sustainable electrification and a long-term partner of the power plant thanks to this arrangement. At Nexans' Italian production in Battipaglia, low-voltage and medium-voltage cables are made using 100% guaranteed low-voltage carbon, which, depending on the product, reduces greenhouse gasses by 35–50%. These items will be employed in underground power lines that are made to endure even more harsh weather events that damage power distribution infrastructure globally, in addition to lowering greenhouse gas emissions.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 7.81% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Installation

Overhead
Underground

By Voltage

1 kV - 15 kV
16 kV - 35 kV
36 kV - 70 kV

By Application

Industrial
Commercial
Utility

By Region

North America (By Installation, By Voltage, By Application, and by Country)
U.S.
Canada
Europe (By Installation, By Voltage, By Application, and by Country)
U.K.
Germany
France
Italy
Spain
Russia
Ukraine
Poland
Rest of Europe
Asia Pacific (By Installation, By Voltage, By Application, and by Country)
China
Japan
India
Australia
South Korea
Southeast Asia
Rest of Asia Pacific
Middle East & Africa (By Installation, By Voltage, By Application, and By Country)
South Africa
GCC
Egypt
Iran
Turkey
Rest of World
Latin America (By Installation, By Voltage, By Application, and By Country)
Brazil
Mexico
Argentina
Venezuela
Rest of Latin America

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1. Introduction: 1.1. Research Scope; 1.2. Market Segmentation; 1.3. Research Methodology; 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics: 3.1. Market Drivers; 3.2. Market Restraints; 3.3. Market Opportunities
4. Key Insights: 4.1. Key Emerging Trends – For Major Countries; 4.2. Latest Technological Advancement; 4.3. Insights on Regulatory Scenario; 4.4. Industry SWOT Analysis; 4.5. Porters Five Forces Analysis; 4.6. Impact of COVID-19 on the Medium Voltage Cables Market
5. Global Medium Voltage Cables Market Analysis (USD Billion), Insights and Forecast, 2019-2032: 5.1. Key Findings / Summary; 5.2. Market Analysis, Insights and Forecast – By Installation; 5.2.1. Overhead; 5.2.2. Underground; 5.3. Market Analysis, Insights and Forecast – By Voltage; 5.3.1. 1 kV -15 kV; 5.3.2. 16 kV - 35 kV; 5.3.3. 36 kV - 70 kV; 5.4. Market Analysis, Insights and Forecast – By Application; 5.4.1. Industrial; 5.4.2. Commercial; 5.4.3. Utility; 5.5. Market Analysis, Insights and Forecast – By Region; 5.5.1. North America; 5.5.2. Europe; 5.5.3. Asia Pacific; 5.5.4. Middle East & Africa; 5.5.5. Latin America
6. North America Medium Voltage Cables Market Analysis (USD Billion), Insights and Forecast, 2019-2032: 6.1. Key Findings / Summary; 6.2. Market Analysis, Insights and Forecast – By Installation; 6.2.1. Overhead; 6.2.2. Underground; 6.3. Market Analysis, Insights and Forecast – By Voltage; 6.3.1. 1 kV -15 kV; 6.3.2. 16 kV - 35 kV; 6.3.3. 36 kV - 70 kV; 6.4. Market Analysis, Insights and Forecast – By Application; 6.4.1. Industrial; 6.4.2. Commercial; 6.4.3. Utility; 6.5. Market Analysis, Insights and Forecast – By Country; 6.5.1. U.S.; 6.5.2. Canada
7. Europe Medium Voltage Cables Market Analysis (USD Billion), Insights and Forecast, 2019-2032: 7.1. Key Findings / Summary; 7.2. Market Analysis, Insights and Forecast – By Installation; 7.2.1. Overhead; 7.2.2. Underground; 7.3. Market Analysis, Insights and Forecast – By Voltage; 7.3.1. 1 kV -15 kV; 7.3.2. 16 kV - 35 kV; 7.3.3. 36 kV - 70 kV; 7.4. Market Analysis, Insights and Forecast – By Application; 7.4.1. Industrial; 7.4.2. Commercial; 7.4.3. Utility; 7.5. Market Analysis, Insights and Forecast – By Country; 7.5.1. UK; 7.5.2. Germany; 7.5.3. France; 7.5.4. Italy; 7.5.5. Spain; 7.5.6. Russia; 7.5.7. Ukraine; 7.5.8. Poland; 7.5.9. Rest of Europe
8. Asia Pacific Medium Voltage Cables Market Analysis (USD Billion), Insights and Forecast, 2019-2032: 8.1. Key Findings / Summary; 8.2. Market Analysis, Insights and Forecast – By Installation; 8.2.1. Overhead; 8.2.2. Underground; 8.3. Market Analysis, Insights and Forecast – By Voltage; 8.3.1. 1 kV -15 kV; 8.3.2. 16 kV - 35 kV; 8.3.3. 36 kV - 70 kV; 8.4. Market Analysis, Insights and Forecast – By Application; 8.4.1. Industrial; 8.4.2. Commercial; 8.4.3. Utility; 8.5. Market Analysis, Insights and Forecast – By Country; 8.5.1. China; 8.5.2. Japan; 8.5.3. India; 8.5.4. Australia; 8.5.5. South Korea; 8.5.6. Southeast Asia; 8.5.7. Rest of Asia Pacific
9. Latin America Medium Voltage Cables Market Analysis (USD Billion), Insights and Forecast, 2019-2032: 9.1. Key Findings / Summary; 9.2. Market Analysis, Insights and Forecast – By Installation; 9.2.1. Overhead; 9.2.2. Underground; 9.3. Market Analysis, Insights and Forecast – By Voltage; 9.3.1. 1 kV -15 kV; 9.3.2. 16 kV - 35 kV; 9.3.3. 36 kV - 70 kV; 9.4. Market Analysis, Insights and Forecast – By Application; 9.4.1. Industrial; 9.4.2. Commercial; 9.4.3. Utility; 9.5. Market Analysis, Insights and Forecast – By Country; 9.5.1. Brazil; 9.5.2. Mexico; 9.5.3. Argentina; 9.5.4. Venezuela; 9.5.5. Rest of Latin America
10. Middle East & Africa Medium Voltage Cables Market Analysis (USD Billion), Insights and Forecast, 2019-2032: 10.1. Key Findings / Summary; 10.2. Market Analysis, Insights and Forecast – By Installation; 10.2.1. Overhead; 10.2.2. Underground; 10.3. Market Analysis, Insights and Forecast – By Voltage; 10.3.1. 1 kV -15 kV; 10.3.2. 16 kV - 35 kV; 10.3.3. 36 kV - 70 kV; 10.4. Market Analysis, Insights and Forecast – By Application; 10.4.1. Industrial; 10.4.2. Commercial; 10.4.3. Utility; 10.5. Market Analysis, Insights and Forecast – By Country; 10.5.1. South Africa; 10.5.2. GCC; 10.5.3. Egypt; 10.5.4. Iran; 10.5.5. Turkey; 10.5.6. Rest of Middle East & Africa
11. Competitive Analysis: 11.1. Company Market Share Analysis, 2023; 11.2. Company Profile; 11.2.1. Prysmian Group; 11.2.1.1. Business Overview; 11.2.1.2. Product & Service Offering; 11.2.1.3. Overall Revenue; 11.2.1.4. Geographic Presence; 11.2.1.5. Recent Development; 11.2.2. Nexans; 11.2.2.1. Business Overview; 11.2.2.2. Product & Service Offering; 11.2.2.3. Overall Revenue; 11.2.2.4. Geographic Presence; 11.2.2.5. Recent Development; 11.2.3. NKT A/S; 11.2.3.1. Business Overview; 11.2.3.2. Product & Service Offering; 11.2.3.3. Overall Revenue; 11.2.3.4. Geographic Presence; 11.2.3.5. Recent Development; 11.2.4. ABB; 11.2.4.1. Business Overview; 11.2.4.2. Product & Service Offering; 11.2.4.3. Overall Revenue; 11.2.4.4. Geographic Presence; 11.2.4.5. Recent Development; 11.2.5. Brugg Cables; 11.2.5.1. Business Overview; 11.2.5.2. Product & Service Offering; 11.2.5.3. Overall Revenue; 11.2.5.4. Geographic Presence; 11.2.5.5. Recent Development; 11.2.6. Riyadh Cables Group Company; 11.2.6.1. Business Overview; 11.2.6.2. Product & Service Offering; 11.2.6.3. Overall Revenue; 11.2.6.4. Geographic Presence; 11.2.6.5. Recent Development; 11.2.7. ZTT; 11.2.7.1. Business Overview; 11.2.7.2. Product & Service Offering; 11.2.7.3. Overall Revenue; 11.2.7.4. Geographic Presence; 11.2.7.5. Recent Development; 11.2.8. General Cable Technologies Corporation; 11.2.8.1. Business Overview; 11.2.8.2. Product & Service Offering; 11.2.8.3. Overall Revenue; 11.2.8.4. Geographic Presence; 11.2.8.5. Recent Development; 11.2.9. FURUKAWA ELECTRIC CO., LTD.; 11.2.9.1. Business Overview; 11.2.9.2. Product & Service Offering; 11.2.9.3. Overall Revenue; 11.2.9.4. Geographic Presence; 11.2.9.5. Recent Development; 11.2.10. Jiangnan Group Limited.; 11.2.10.1. Business Overview; 11.2.10.2. Product & Service Offering; 11.2.10.3. Overall Revenue; 11.2.10.4. Geographic Presence; 11.2.10.5. Recent Development; 11.2.11. Tratos; 11.2.11.1. Business Overview; 11.2.11.2. Product & Service Offering; 11.2.11.3. Overall Revenue; 11.2.11.4. Geographic Presence; 11.2.11.5. Recent Development; 11.2.12. Universal Cables Ltd.; 11.2.12.1. Business Overview; 11.2.12.2. Product & Service Offering; 11.2.12.3. Overall Revenue; 11.2.12.4. Geographic Presence; 11.2.12.5. Recent Development; 11.2.13. Schneider Electric; 11.2.13.1. Business Overview; 11.2.13.2. Product & Service Offering; 11.2.13.3. Overall Revenue; 11.2.13.4. Geographic Presence; 11.2.13.5. Recent Development; 11.2.14. DUCAB; 11.2.14.1. Business Overview; 11.2.14.2. Product & Service Offering; 11.2.14.3. Overall Revenue; 11.2.14.4. Geographic Presence; 11.2.14.5. Recent Development; 11.2.15. Synergy Cables; 11.2.15.1. Business Overview; 11.2.15.2. Product & Service Offering; 11.2.15.3. Overall Revenue; 11.2.15.4. Geographic Presence; 11.2.15.5. Recent Development; 12.