The government deregulations in the
global electricity supply markets, along with growing environmental awareness
are propelling the demand of high voltage cables in the power transmission infrastructure.
The modern high voltage cables system is widely used in overhead lines, underground
cables, and submarine cables, along with incorporated optical joints for supplying
high voltage electricity over longer lengths than ever before. The demand of
underground high voltage electric cables is spurred by the growing demand of
electricity in the densely populated urban areas. The demand of submarine high
voltage cable is driven by growing interconnection of power grids, in addition to
increasing electricity generation by renewal sources, such as offshore wind and
tidal. Moreover, the power grids in developed markets are gradually ageing, and
hence the replacement of high voltage electric cables in most of the European
countries is overdue in next five to six years.
Explore more or
request TOC on Global High Voltage Cables Market at: https://www.psmarketresearch.com/market-analysis/high-voltage-cables-market
Based on type, the global high
voltage cable market can be broadly classified as overhead cables, underground
cables, and submarine cables. Based on accessories, the global high voltage
market can be segmented as overhead accessories, underground accessories, and
submarine accessories. The overhead high voltage cable accessories are further
classified, as fittings & fixtures and conductors. The underground and
submarine high voltage accessories are further classified as MI cables, XLPE
cables, cable joints, and cable terminations.
Factors such as rapid growth of
offshore wind farms, along with the growing concern over the transmission loses
are driving the global high voltage cable market. The high capital requirement,
in addition to complex design and authorization procedure is hindering the
growth of the high voltage cable market.
The growing investment in smart
grid technology, along with expanding offshore power projects in developing
countries is expected to become the market growth opportunity for the high
voltage cable market during the forecast period. The growing demand of
electricity in developing countries, owing to industrialization and
urbanization is also expected to increase the market penetration of low
transmission loss high voltage cable market, during the forecast period.
Asia-Pacific accounted for the
largest market of high voltage cable and accessories in 2014. The high demand of
high voltage cable in Asia-Pacific is, due to the improving power transmission
infrastructure in the developing countries including China, India, Indonesia,
and Pakistan. The Asia-Pacific high voltage cable market is also the fastest
growing high voltage cable market, and is expected to maintain its dominance
during the forecast period. The overhead high voltage cable accounted for the
largest market share in 2014. The underground high voltage cable is the fastest
growing market segment in Asia-Pacific. Europe is the second largest market of
high voltage cables. The demand for high voltage cable market in the region is
driven by ongoing replacement of the existing power transmission infrastructure
in key countries, such as Germany, the U.K., and Russia. Russia recently
announced to invest about 800 million for the new transmission lines during
2015 to 2020. The development of solar energy, along with offshore wind energy
capacity in Asia-Pacific is expected to lay new market opportunities for the
high voltage cable manufacturers in the coming years.
Browse related market
research at: https://www.psmarketresearch.com/industry-report/semiconductor-and-electronics
Some of the competitors in the high
voltage cables market are, ABB Ltd., NKT Cables, Prysmian Group, Finolex Cables
Ltd., Brugg Kabel AG, Nexans, General Cable Corporation, Sumitomo Electric
Industries, Ltd., Encore Wire Corporation, and Kerite.
About P&S Market Research
P&S Market Research is a market research company, which offers market
research and consulting services for various geographies around the globe. We
provide market research reports, industry forecasting reports, business
intelligence, and research based consulting services across different
industry/business verticals.
As one of the top growing market research agency, we’re keen upon
providing market landscape and accurate forecasting. Our analysts and
consultants are proficient with business intelligence and market analysis, through
their interaction with leading companies of the concerned domain. We help our
clients with B2B market research and assist them in identifying various windows
of opportunity, and framing informed and customized business expansion
strategies in different regions.
Contact:
Abhishek
Executive – Client Partner
347, 5th Ave. #1402
New York City, NY -
10016
Toll-free:
+1-888-778-7886 (USA/Canada)
Web: https://www.psmarketresearch.com
Sublimation dominates the global Digital Textile Printing Market sublimation segment is expected to witness significant growth in the Europe digital textile printing market, owing to increase in demand for dye-sublimation in customized printing service. Moreover, sublimation ink becomes a part of the fabric rather than adding a layer on top, making it highly durable as compared to conventional printing process, such as heat transfer paper.
ReplyDelete