High Voltage Cable Market Report: Trends, Forecast and Competitive Analysis to 2030

High Voltage Cable Trends and Forecast

The future of the global high voltage cable market looks promising with opportunities in the utility and industrial markets. The global high voltage cable market is expected to reach an estimated $48.8 billion by 2030 with a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are expanding power grid infrastructure, growing renewable energy generation, rising public reliance on electronic gadgets and appliances, along with increasing demand for electricity.

A more than 150-page report is developed to help in your business decisions.

High Voltage Cable by Segment

The study includes a forecast for the global high voltage cable by installation, end use, and region.

High Voltage Cable Market by Installation [Shipment Analysis by Value from 2018 to 2030]:

• Overhead
• Submarine
• Underground

High Voltage Cable Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Utility
• Industrial
• Others

High Voltage Cable Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of High Voltage Cable Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies high voltage cable companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the high voltage cable companies profiled in this report include-

• Prysmian
• Nexans
• General Cable
• NKT
• Furukawa Electric
• ABB
• Dubai Cable Company

High Voltage Cable Market Insights

Lucintel forecasts that overhead will remain the largest segment over the forecast period because it is widely used technique, least expensive and most pleasant type of installation, as a result, just average installation abilities are needed.

APAC will remain the largest region over the forecast period due to rapid urbanization and industrialization in the region.

Features of the Global High Voltage Cable Market

Market Size Estimates: High voltage cable market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: High voltage cable market size by installation, end use, and region in terms of value ($B).

Regional Analysis: High voltage cable market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different installation, end use, and regions for the high voltage cable market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the high voltage cable market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the high voltage cable market size?

Answer: The global high voltage cable market is expected to reach an estimated $48.8 billion by 2030.

Q2. What is the growth forecast for high voltage cable market?

Answer: The global high voltage cable market is expected to grow with a CAGR of 6.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the high voltage cable market?

Answer: The major drivers for this market are expanding power grid infrastructure, growing renewable energy generation, rising public reliance on electronic gadgets and appliances, along with increasing demand for electricity.

Q4. What are the major segments for high voltage cable market?

Answer: The future of the global high voltage cable market looks promising with opportunities in the utility and industrial markets.

Q5. Who are the key high voltage cable market companies?

Answer: Some of the key high voltage cable companies are as follows:

• Prysmian
• Nexans
• General Cable
• NKT
• Furukawa Electric
• ABB
• Dubai Cable Company

Q6. Which high voltage cable market segment will be the largest in future?

Answer: Lucintel forecasts that overhead will remain the largest segment over the forecast period because it is widely used technique, least expensive and most pleasant type of installation, as a result, just average installation abilities are needed.

Q7. In high voltage cable market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to rapid urbanization and industrialization in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the high voltage cable market by installation (overhead, submarine, and underground), end use (utility, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?