A subsidiary of General Cable called NSW, secured a designing contract to produce and deliver 25km of 33kv submarine power cable for submarines from the North-western to the offshore wind farm of Belgium in August 2018. This will help in the growth of the Medium Voltage Cable Market. According to Fortune Business Insights, the global Medium Voltage Cable Market will grow exponentially on account of the rising demand for electricity from all chemical, industrial, infrastructure, oil and gas, power, and other renewable sectors across the globe.
As per the report, the market for medium voltage cable is categorized into end-user, installation, voltage, and geography. Based on the installation, the market for medium voltage cables is divided into the underground, submarine, and overhead cabling. Among them, the overhead cabling was dominating the market and anticipated to continue doing so in the forthcoming years. This is owing to the low installation and material cost, and high transmit power. Besides this, these cables can also detect easy transmission and maintain power line easily, and thus, are anticipated to continue their dominance in the forthcoming years as well.
The report on medium voltage cables by Fortune Business Insights is titled, “Medium Voltage Cable Market Size, Share and Global Trend By Installation (Overhead, Underground, Submarine), By Voltage (Up to 25kV, 26kV-50kV, 51kV-75kV, 76kV-100kV), By End-user (Industrial, Commercial, Utility), and Geography Forecast Till 2026”. The report focusses on important aspects of the market, providing an in-depth analysis of growth drivers and restraints. It also focuses on current trends and opportunities that will influence the market players to expand both geographically and monetarily. All information gathered in the report is gathered from trusted primary and secondary sources.
Some of the companies operating in the global medium voltage cables market include:
- Cable Corporation of India
- LS Cable & System
- Sumitomo Electric
- ABB Group
- Far East Cable Co. Ltd.
- Walsin Lihwa
- Jiangnan Groups Ltd.
- Furukama Electric Groups
- General Electric
- Prysmian Group
Fortune Business Insights provides a detailed evaluation of the global market by analyzing the factors driving the market. Besides this, it also discusses some of the economic trends prevailing in the energy and power industry. These trends are analyzed in the report to see an overall impact on the global market.
Increasing use of smart grids and smart metering are likely to help for the better management of power services. Better infrastructural facilities are also expected to encourage growth in the market.
The increased spending on oil and gas across the world is another factor likely to drive the Market. Rising investments in energy efficiency projects backed by governments may also stimulate growth in the market. The penetration of renewable sources is increasing, fueling demand for energy and which is expected to drive the Market.
The information used is derived from various primary and secondary sources. It also throws light on some of the major players operating in the market. The report studies profiles of these leading companies and their share in the market. It provides insights on some of the strategies adopted by these companies to survive competition and maintain their stronghold.
Key Market Driver – Upcoming renewable energy projects
Key Market Restraint – Volatility in raw material price
1. By Installation
2. By Voltage
- Up to 25kV
3. By End-user
4. By Geography
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, and Rest of Latin America)
- Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)
Major Table of Content For Medium Voltage Cable Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Medium Voltage Cable Market Analysis, Insights and Forecast, 2026
- North America Medium Voltage Cable Market Analysis, Insights and Forecast, 2026
- Europe Medium Voltage Cable Market Analysis, Insights and Forecast, 2026
- Asia Pacific Medium Voltage Cable Market Analysis, Insights and Forecast, 2026
- The Middle East and Africa Medium Voltage Cable Market Analysis, Insights and Forecast, 2026
- Latin America Medium Voltage Cable Market Analysis, Insights and Forecast, 2026
- Competitive Landscape
- Company Profile
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