IMARC Group, a leading market research company, has recently releases report titled “Medium Voltage Cables Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global medium voltage cables market size, growth, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big Is the Medium Voltage Cables Market?
The global medium voltage cables market size reached US$ 55.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 76.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.34% during 2023-2028.
What is Medium Voltage Cables?
Medium voltage cables are insulated with materials that can withstand higher voltages, prevent electrical leakage, and ensure safe transmission. They are equipped with shielding layers to minimize electromagnetic interference and prevent external influences. They enable the transmission of electricity over longer distances with less power loss compared to low-voltage cables. They provide power to commercial complexes, office buildings, and retail spaces, ensuring uninterrupted electricity supply. They aid in connecting renewable energy sources, such as wind and solar farms, to the main grid. They are widely used across various industries to power machinery, lighting, and different equipment, supporting efficient operations. Besides this, they are employed in infrastructure projects like airports, railway systems, and tunnels to maintain reliable power supply.
Global Industry Trends and Drivers:
Rapid urbanization and ongoing infrastructure projects worldwide represent one of the key factors catalyzing the demand for medium voltage cables to support expanding power distribution networks. Apart from this, the shift towards renewable energy sources, including wind and solar power, is driving the need for efficient medium voltage cables to connect renewable energy installations to the grid. Furthermore, many countries are investing in upgrading their aging power distribution infrastructure, which is driving the replacement of outdated cables with newer and more efficient medium voltage cables. Moreover, ongoing advancements in cable design, insulation materials, and manufacturing techniques are enhancing the performance and durability of medium voltage cables.
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Voltage:
Up to 25kV
26kV-50kV
51kV-75kV
76kV-100kV
Breakup by Product:
Termination Cables
Joints
XLPE Cables
Others
Breakup by Installation:
Underground
Submarine
Overhead
Breakup by End User:
Industrial
Commercial
Utility
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Who Are The Key Players Operating In The Industry?
ABB Ltd
Brugg Cables (Shanghai) Co. Ltd.
Eland Cables
Hellenic Cables S.A.
LS Cable & System (LS Group)
Nexans S.A.
NKT A/S
Prysmian S.p.A.
Riyadh Cables
Southwire Company LLC
Sumitomo Electric Industries Ltd.
Synergy Cables and TPC Wire & Cable.
Key highlights of the Report:
Market Performance (2018–2023)
Market Outlook (2023–2028)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
Preface
Scope and Methodology
Executive Summary
Introduction
SWOT Analysis
Value Chain Analysis
Price Analysis
Competitive Landscape
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