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:

By Voltage	50KV-110KV 115 KV-330KV Greater than 33oKV
By Installation	Underground Overhead Submarine
By Application	Energy & Power Industrial Infrastructure

Frequently Asked Questions (FAQ)

Increasing energy consumption around the world and robust growth of renewable energy sector are the major market growth drivers.

The market is anticipated to attain a notable CAGR over the forecast period, i.e., 2021 â€“ 2029.

Delay in electricity project approval in under-developed and developing countries is estimated to hamper the market growth.

Asia Pacific will provide more business growth opportunities on the back of increasing population and power requirement in the region.

The major players in the market are ABB Ltd, Finolex Cables Ltd, Nexans SA, Prysmian SpA, NKT A/S, and others.

High Voltage Cable Market Analysis