High Voltage Cables and Accessories Market Insights:-
High voltage cables are used for carrying electric power to areas where there is no power generation utility. Also, high voltage accessories ensure efficient and uninterrupted electricity T&D as well as they provide reliable and durable solutions for transmission of high voltage current.
High Voltage Cables and Accessories Market is expected to have a huge number of advancements over the forecast period due to continuous developments in end-use industries coupled. The market is also expected to have high expansion activities by multinationals and well-established companies.
The global high voltage cables and accessories market is expected to expand at ~6.27% CAGR during the forecast period.
Leading Key Players:-
The major players operating in the global high voltage cables and accessories market are Siemens AG (Germany), Hitachi Ltd. (Japan), General Electric (U.S.) NKT Holdings A/S (Denmark), Nexans S.A. (France), and Prysmian Group (Italy). Finolex Cables Ltd (India), RPG Cables (India), Cable Corporation of India Ltd. (India), Brugg Kabel AG (Switzerland) and Synergy Cables Ltd. (Israel) are among others.
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Global High Voltage Cables and Accessories Market – Segmentation
The high voltage cables and accessories market is segmented on the basis of type, products, voltage ratings, and region. Based on the segment by type, the market is further classified as overhead, underground, and submarine. Underground segment holds the largest market share due to the increasing urbanization projects and advantages of being less susceptible to damage and reduced danger. On the basis of products, the high voltage cables and accessories market is segmented as conductors, fittings & fixtures, XLPE cables, MI cables, cable joints, cable terminations and others. Among these, conductors dominate the overhead high voltage cables & accessories market, as they have high tensile strength to withstand mechanical stresses.
Global High Voltage Cables And Accessories Market Analysis:-
The global market for high voltage cables and accessories market is anticipated to grow at high rate owing to increased demand from the power sector. Asia Pacific is expected to have the largest market share due to growing power sector in emerging economies such as China, South Korea, and India. Moreover, the region has had an increment in the number of projects in terms of smart grids, power generation, industrialization, urbanization, and power transmission and distribution infrastructure. For an instance, South Korea, one of the fastest emerging nation, has plans for a completely integrated smart grid by 2030. Also, Hitachi, one of the leading players in transmission and distribution network provider, has contributed to create China’s transmission and distribution network through ultra-high voltage network and the gas insulated switchgear to prevent the damage caused to network due to load imbalance.
Table Of Content:-
1 Executive Summary
2 Scope Of The Report
3 Market Landscape
4 Market Dynamics
5 Global High Voltage Cables And Accessories Market, By Type
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6 Global High Voltage Cables And Accessories Market, By Product
6.2.1 Market Estimates & Forecast, 2018-2023
6.2.2 Market Estimates & Forecast By Region, 2018-2023
6.2.4 Fittings & Fixtures
6.3 Fittings & Fixtures Underground & Submarine
6.3.1 Market Estimates & Forecast, 2018-2023
6.3.2 Market Estimates & Forecast By Region, 2018-2023
6.3.3 XLPE Cables
6.3.4 MI Cables
6.3.5 Cable Joints
6.3.6 Cable Termination
6.4 XLPE Cables
6.4.1 Market Estimates & Forecast, 2018-2023
6.4.2 Market Estimates & Forecast By Region, 2018-2023
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