High Voltage Cable Market Analysis

The market is segmented by installation into underground, overhead and submarine, out of which, the overhead segment is anticipated to hold the largest share in the market on account of the wide usage of this form of installation as a result of its cost effectiveness and ease of installation. However, the segment for underground installation is projected to gain traction in the near future owing to its fewer transmission losses, discharge of no electric fields and reduction of maintenance costs. Growing demand for underground installation from commercial, residential and automotive industries is also estimated to boost growth of this segment. Additionally, on the basis of application, the energy & power segment is evaluated to gather the largest market share during the forecast period ascribing to the growing number of rural energy plans and rapid urbanization.   

Our in-depth analysis of the global market includes the following segments: