DUBLIN, March 21, 2018 /PRNewswire/ --
The "Medium Voltage Cables & Accessories Market by Installation (Overhead, Underground, Submarine), Products (MI, XLPE Cables, Terminations), Voltage (1-5, 6-13, 23, 34, 45, 69kV), End-User (Industrial, Infrastructure, Renewables) - Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The global medium voltage cables and accessories market is projected to grow at a CAGR of 6.27%, from 2017 to 2022, to reach a market size of USD 56.18 Billion by 2022.
Increase in renewable energy generation and rapid industrialization and urbanization would drive the market.
The medium voltage cables and accessories market has been segmented, by installation, into overhead, underground, and submarine. The underground segment is estimated to grow at the highest CAGR during the forecast period. These types of cables have one or three core conductors covered with suitable insulation and protection and can be used in several applications in the oil & gas industry.
The report segments the medium voltage cables and accessories market, by voltage, into 1-5 kV, 6-13 kV, 23 kV, 34 kV, 45 kV, and 69 kV. The 6-13 kV segment led the medium voltage cables and accessories market, by voltage in 2016 and is projected to reach USD 14.25 Billion at a CAGR of 6.47%, during the forecast period.
The medium voltage cables and accessories market has segmented, by end-user, into industrial, renewables, and infrastructure. The industrial segment held the largest market share in 2016 and is projected to lead the market during the forecast period. The industrial segment includes the oil & gas, chemicals and petrochemicals, mining and metals, cement and manufacturing, and utilities industries. Increased construction activities are expected to drive the industrial sector of the medium voltage cables and accessories market.
In this report, the medium voltage cables and accessories market has been segmented by region into Asia Pacific, Europe, North America, the Middle East & Africa, and Latin America. The market in Asia Pacific is expected to be the largest market for medium voltage cables and accessories during the forecast period due to the increase in power demand and implementation of smart grid technology in the region.
The increase in power demand and implementation of smart grid technology is expected to lead to opportunities in the medium voltage cables and accessories market. The volatile prices of raw materials and complex planning and authorization processes leading to delays in projects could act as restraints for the market, resulting in declining profits.
Some of the leading players in the medium voltage cables and accessories market include Prysmian S.p.A. (Italy), Nexans S.A. (France), General Cable Corporation (US), NKT Group A/S (Denmark), and LS Cable & System Ltd. (South Korea). Contracts & agreements and new product launches were the most adopted strategies by players to ensure their dominance in the market.
Market Dynamics
Drivers
- Increase in Renewable Energy Generation
- Rapid Pace of Industrialization & Urbanization
Restraints
- Project Delays Due to Complex Planning & Authorization Processes
- Funding Constraints for Large Investments
Opportunities
- Favorable Renewable Energy Policies in Key Countries
- Increase in Power Demand
- Implementation of Smart Grid Technology
Challenge
- Availability of Low-Quality and Inexpensive Products
Key Topics Covered
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions
3 Executive Summary
4 Premium Insights
4.1 Medium Voltage Cables & Accessories Market, By Installation
4.2 Medium Voltage Cables & Accessories Market, By Voltage Range
4.3 Asia Pacific Medium Voltage Cables & Accessories Market: Installation Type vs End-User
4.4 Medium Voltage Cables & Accessories Market, By Region, 2022
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenge
6 Medium Voltage Cables & Accessories Market, By Voltage Range
6.1 Introduction
6.2 1-5 kV
6.3 6-13 kV
6.4 23 kV
6.5 34 kV
6.6 45 kV
6.7 69 kV
7 Medium Voltage Cables & Accessories Market, By Installation Type
7.1 Introduction
7.2 Underground Cables & Accessories
7.2.1 Underground Medium Voltage Cables & Accessories Market, By Product
7.2.1.1 XLPE Cables
7.2.1.2 MI Cables
7.2.1.3 Cable Joints
7.2.1.4 Cable Terminations
7.2.1.5 Others
7.3 Overhead Cables & Accessories
7.3.1 Overhead Medium Voltage Cables & Accessories Market, By Product
7.3.1.1 Conductors
7.3.1.2 Fittings & Fixtures
7.3.1.3 Others
7.4 Submarine Cables & Accessories
7.4.1 Submarine Medium Voltage Cables & Accessories Market, By Product
7.4.1.1 XLPE Cables
7.4.1.2 MI Cables
7.4.1.3 Cable Joints
7.4.1.4 Cable Terminations
7.4.1.5 Others
8 Medium Voltage Cables & Accessories Market, By End-User
8.1 Introduction
8.2 Industrial
8.2.1 Utilities
8.2.2 Oil & Gas
8.2.3 Mining & Metals
8.2.4 Chemicals & Petrochemicals
8.2.5 Cement & Manufacturing
8.2.6 Others
8.3 Renewables
8.3.1 Wind
8.3.2 Solar
8.4 Infrastructure
8.4.1 Transportation
8.4.2 Commercial & Residential
9 Medium Voltage Cables & Accessories Market, By Region
9.1 Introduction
9.2 Asia Pacific
9.2.1 Greater China
9.2.2 India
9.2.3 Japan
9.2.4 Australia
9.2.5 Indonesia
9.2.6 Malaysia
9.2.7 Rest of Asia Pacific
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Spain
9.3.4 Italy
9.3.5 France
9.3.6 Belgium
9.3.7 Denmark
9.3.8 Republic of Ireland
9.3.9 Netherlands
9.3.10 Switzerland
9.3.11 Russia
9.3.12 Romania
9.3.13 Poland
9.3.14 Czech Republic
9.4 North America
9.4.1 US
9.4.2 Canada
9.5 Latin America
9.5.1 Brazil
9.5.2 Mexico
9.5.3 Argentina
9.5.4 Colombia
9.5.5 Rest of Latin America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Kuwait
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Competitive Landscape
10.1 Overview
10.2 Market Ranking, Medium Voltage Cables & Accessories, 2016
10.3 Competitive Situations & Trends
11 Company Profiles
11.1 General Cable Corporation
11.2 Nexans S.A.
11.3 NKT Group
11.4 Prysmian S.P.A.
11.5 Sumitomo Electric Industries, Ltd.
11.6 Southwire Company, LLC
11.7 Kabelwerke Brugg AG
11.8 Hebei New Baofeng Wire & Cable Co., Ltd.
11.9 LS Cable & System Ltd.
11.10 EL Sewedy Electric Company
11.11 Leoni AG
11.12 Tele-Fonika Kable SA
11.13 ABB Ltd.
11.14 Dubai Cable Company (Private) Ltd.
11.15 TPC Wire & Cable Corp.
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