The market for XLPE cables, which are primarily used for power transmission & distribution, is projected to grow at a very fast rate between 2016 and 2022. The market is expected to be driven by expanding transmission & distribution sector in the Asia-Pacific region. Furthermore, increasing global focus on renewable power generation, transmission, as well as its integration into existing power infrastructure is would boost the demand for XLPE cables. The Global XLPE Cables Market is projected to grow at a very high rate of around 11% CAGR from 2016 to 2022.
Asia-Pacific market contributes a major share to the XLPE cables market, and is expected to remain a major contributor during the forecast period. North American and European region are projected to grow at a steady rate, primarily driven by grid infrastructure upgradation activities.
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Market Key Players:
The key players identified for this market are:
- Brugg Kabel AG (Switzerland)
- ABB Ltd. (Switzerland)
- Prysmian Group (Italy)
- General Cable Corporation (U.S.)
- Nexans (France)
- Encore Wire Corporation (U.S.)
- NKT Cables (Germany)
- Finolex Cables Ltd. (India)
Scope of the Report:
This study provides an overview of the global XLPE cables market, tracking market segments across the six regions. The report provides a six-year forecast for the market size in terms of value for North America, Europe, Asia-Pacific, Middle East, Africa, and South America. The scope of the study segments the global XLPE cables market based on voltage, installation, and users. Voltage segmentation includes categorization of the market into low voltage cables, medium voltage cables, and high voltage cables. Segmentation on the basis of installation includes categories overhead, underground, and submarine cables. The market has also been segmented based on the types of users into power, oil & gas, chemical, manufacturing, metals & mining, infrastructure & transportation, and others.
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Regional Analysis of XLPE Cable:
Due to a large base of installed offshore wind farm connections and grid interconnections in the European Region, the XLPE cables are very prevalent in the in this region. Significant increase in renewable activities across the globe has also resulted in boosting the demand for the XLPE cables, XLPE market is expected to show significant growth in the forecast period. Asia-Pacific region also is a major contributor to the XLPE cables market. Rapid expansions in the transmission & distribution networks as well as growing renewable sector in this region is expected to propel the demand for XLPE cables.
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