Global Silicone Rubber Power Cable Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Silicone Rubber Power Cable Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Silicone Rubber Power Cable market finds that the global Silicone Rubber Power Cable market reached a value of USD 981.27 million in 2022. It’s expected that the market will achieve USD 1207.03 million by 2028, exhibiting a CAGR of 3.51% during the forecast period.

Good product performance

Silicone rubber cable has high heat resistance and excellent cold resistance; has low water absorption and good mildew resistance; good thermal conductivity; excellent corona resistance and arc resistance; particularly soft and easy to install; It is tasteless, non-toxic and has no adverse effects on human health. The product has flexible structure, stable high and low temperature electrical performance, good anti-aging performance and long service life.

Wide range of use

Silicone rubber cables are used for medium to low voltage and high voltage power transmission processes. Temperature and frequency changes or moisture remain relatively stable, with excellent electrical insulation properties, and even after a few years of outdoor exposure, there is no significant change in performance. These features make it popular.

Region Overview:

In global comparison, a significant portion of the revenue was generated in China (33.38% in 2022).

Company Overview:

Prysmian Group is one of the major players operating in the Silicone Rubber Power Cable market, holding a share of 6.11% in 2023.

Prysmian Group

Prysmian S.p.A. develops, designs, produces, supplies, and installs a wide range of cables for applications in the energy and telecommunications industries.

Leoni AG

Leoni AG manufactures and sells electric cables, wires, flexible cords, light wave conductors, co-axial cables, high-tension wires and customized cable wiring systems. The Company markets its products to the tool-machinery, telecommunication, computer, automotive, electric and appliance manufacturing industries. Leoni operates in Europe, Asia and the United States.

Segmentation Overview:

By type, Multicore segment accounted for the largest share of market in 2022.

Single Core

The single core wire is a cylindrical metal wire. In a single core wire, there is only a single metal core, mainly copper or aluminum. Single-core wires or cables are specifically designed to run electrical appliances in the home.

Multicore

A multi-core cable is a cable that contains multiple cores. These cables are flexible cables that are widely used in electrical applications. These cables are professionally manufactured and of good quality. Multi-core cables are commonly used in industrial applications where people use multi-core cables combined with their power supplies, AV and data to avoid any tangled cables.

Application Overview:

The market's largest segment by application is the segment Medium and Low Voltage, with a market share of 72.56% in 2022.

Key Companies in the global Silicone Rubber Power Cable market covered in Chapter 3:

LS Cable & System
Jiangsu Shangshang
Southwire
Jiangnan Group
Fujikura
Far East Cable
Furukawa Electric
Nexans
Leoni AG
Hengtong Group
Prysmian Group

In Chapter 4 and Chapter 14.2, on the basis of types, the Silicone Rubber Power Cable market from 2018 to 2029 is primarily split into:

Single Core
Multicore

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Silicone Rubber Power Cable market from 2018 to 2029 covers:

High Voltage
Medium and Low Voltage

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)