Overhead power cables are essential equipment that is useful for carrying and transmitting the electricity through transmission and distribution network. Market Research Future (MRFR) has published and released a research report about the Global Overhead Power Cables Market that predicts growth for this market during the forecast period that is expected to end in 2022.
Observing the market structure, this report offers insights about factors affecting the market growth. Measuring the market size and foretelling the revenue, this reports examines and monitors the competitive developments of market players that include joint ventures, new product developments, mergers and acquisitions, research and developments (R&D), and strategic alliances. The climacteric factors that encourage the global overhead power cables market growth are rapid industrialization and urbanization.
The key players in the Global Overhead Power Cables Market include General Cable Technologies Corp. (USA), Kalpataru Power Transmission Ltd. (India), KEC International Ltd. (India), Nanjing Daji Iron Tower Manufacturing Co. Ltd. (China), Nexans S.A. (France), Prysmian S.P.A. (Italy), Shandong DingChang Tower Co. Ltd. (China), Southwire Co. LLC (USA), Sumitomo Electric Industries Ltd. (Japan), and Zhejiang Shengda Steel Tower Co. Ltd. (China).
The Global Overhead Power Cables Market can be segmented on the basis of end user, product type, voltage, and lastly, region. Considering end user, this market has been segmented into commercial, industrial and residential. Based on product types, the market has been segmented into conductors, fittings, and fixtures. As per the voltage rating, the market has been segmented into the low voltage, medium voltage, and high voltage.
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The regional segmentation of the Global Overhead Power Cables Market has segmented the market into regional markets known as the Asia Pacific, Latin America, Europe, North America, and the Middle East & Africa (MEA). The Asia Pacific held the largest share in the whole global market and during the forecast period, the status quo is expected to continue. As a regional market, Asia Pacific is expected to emerge as the fastest growing market. China and India have bee anticipated to drive the market due to factors like rising growth in transmission and distribution network. Other vital country-specific markets in this region are Indonesia and Malaysia, followed by the remaining countries of the Asia Pacific region.
In the MEA region, huge investments in overhead power cables infrastructure by Saudi Arabia and other countries are likely to drive the market growth during the forecast period. MEA region has been estimated to be the second largest and fastest growing regional market during the forecast period because the Middle East alone has the potential to emerge as the second largest regional market. Other major country-specific markets in this region are Algeria, Egypt, Kuwait, and United Arab Emirates (UAE), followed by the other countries in the MEA region.
In North America, the leading country-specific markets in this region are the United States of America (USA), Canada, and Mexico. Great River Energy and ABB, the manufacturer of the utility’s high-voltage direct-current (HVDC) system, are working together to complete the upgrade in spring 2019 during a planned 74-day HVDC system outage. This project aims at merging today’s HVDC technology with the existing system, to ensure reliability for 30 years.
North America and Europe are important regional markets due to technological advancement. In Europe, the important country-specific markets are Norway, Netherlands, Russia, and the United Kingdom (UK), followed by the remaining countries of Europe. In Latin America, two strong economies that have the potential to grow as suitable markets are Argentina and Brazil, followed by the remaining countries of Latin America.
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- Power Transmission and Distribution cables service providers
- Power Producers companies
- International Cable makers Federation (ICF)
- Industry Associations and Publications
- Investment bankers and M&A Consultants
- Geographical analysis across 17 countries
- Profiling of 10 key market players
- SWOT analysis, and strategy information of top five players in the market
- Competitive landscape including emerging trends adopted by major companies
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