The Global Medium Voltage Cables & Accessories was valued at USD 39.42 billion in 2016 and is projected to reach USD 68.43 billion by 2025, growing at a CAGR of 6.32% from 2017 to 2025.
Medium voltage cables are a category of cables defined by the International Electrochemical Commission with voltage ranging above 1kV to maximum 100kV. Medium voltage cables are used for power distribution and electric power transmission in commercial and industrial sectors. Benefits of Medium voltage cables and accessories include – high flexibility, high durability, easy to install, superior flex life, longer-lasting, withstand extreme abuse, safe, protection against abrasion, oil, impact, ozone & tearing.
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1. Market Drivers
1.1 Implementation of smart grid technology
1.2 Increase in power demand
1.3 High demand for renewable energy favorable policies
1.4 Growing industrialization & urbanization
1.5 Growing renewable energy generation
2. Market Restraints
2.1 Funding constraints
2.2 Changing prices of raw materials
2.3 Availability of low-quality and low cost products
The Global Medium Voltage Cables & Accessories is segmented on the installation and products, voltage range, end user, and region.
1. Installation and Products:
1.1.1 MI Cables
1.1.2 XLPE Cables
1.1.3 Cable Terminations
1.1.4 Cable Joints
1.2.1 MI Cables
1.2.2 XLPE Cables
1.2.3 Cable Terminations
1.2.4 Cable Joints
1.3.1 Conducting wires
1.3.2 Fittings and Fixtures
2. By Voltage Range:
2.1 1–5 kV
2.2 6–13 kV
2.3 23 kV
2.4 34 kV
2.5 45 kV
2.6 69 kV
3. By End User:
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Nexans S.A.
2. Prysmian S.P.A.
3. Southwire Company, LLC
4. Hebei New Baofeng Wire & Cable Co., Ltd.
5. EL Sewedy Electric Company
6. Tele-Fonika Kable Sa
7. Dubai Cable Company Ltd.
8. Tpc Wire & Cable Corp.
9. General Cable Corporation
10. NKT Cables Group A/S
11. Sumitomo Electric Industries, Ltd.
12. Kabelwerke Brugg AG
13. LS Cable & System Ltd.
14. Leoni AG
15. ABB Ltd.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Global Medium Voltage Cables & Accessories was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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