Global Power Cables market size was US$ 168.58 billion In 2022 and it is expected to reach US$ 272.88 billion by the end of 2027, with a CAGR of 7.0% during 2022-2027
A power cable is an electrical cable made of one or more electrical conductors which is used for distribution and transmission of electrical energy and it is generally held together by with sheath. Power cables may be installed in form of permanent wiring within buildings, run overhead, exposed or buried in ground.A power cable is primarily consisting of three elements like dielectric, sheath and conductor. A power cable transmits high voltages to the places where it is not possible to use the overhead lines like airfield crossing and the sea.
The classification of Power Cables includes High Voltage Power Cables, Medium Voltage Power Cables and Low Voltage Power Cables, and the proportion of High Voltage Power Cables in 2016 is about 43%, and the proportion of Medium Voltage Power Cables in 2016 is about 36%. Based on the Power Cables market development status, competitive landscape and development model in different regions of the world, this report is dedicated to providing niche markets, potential risks and comprehensive competitive strategy analysis in different fields of Manufacturing & Construction. From the competitive advantages of different types of products and services, the development opportunities and consumption characteristics and structure analysis of the downstream application fields are all analyzed in detail. To Boost Growth of Power Cables during the epidemic era, this report analyzes in detail for the potential risks and opportunities which can be focused on.
The report aspects discussed the profile of the top manufacturers of the global Power Cables Market. These aspects include financial status of major companies, trending advancements and entire market scenario. Growth of the report have examined Power Cables Market production, demand and growth potential, geographic analysis, as well as current market developments invarious regions and countries.
Top Key players in the Power Cables Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Power Cables Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Prysmian Group, Nexans, Sumitomo Electric, Furukawa, General Cable, Southwire, Leoni, LS Cable & Systems, Fujikura, Far East Cable, Jiangnan Cable, Baosheng Group, Hitachi, Encore Wire, NKT, Hengtong Group, Xignux, Finolex, KEI Industries and others.
S&P Global Ratings upgrades Nexans to BB+
February 16, 2022
Today, Nexans is proud to announce that S&P upgraded Nexans’ rating to BB+ from earlier BB. Nexans solid results, successful conversion and sound balance sheet support rating upgrade to BB+ Outstanding Free Cash Flow of 179 million euro’s New record low Net Debt at 74 million euros
Global Power Cables Market research provides a detailed Analytical Insights of global market size, regional and country-level scope, segmentation wise growth, global share, Competition Scenario, sales analysis, impact global market players on domestic players, value chain optimization, trade regulations, Latest developments, future opportunities, product launches, expanding marketplaces, and New technological innovations.
Power Cables Market is segmented based on the type, applications, companies and regions.
By Type, Power Cables Market has been segmented into
The end user’s industry application on Power Cables Market is
By Installation Type Power Cables Market has been segmented into
The report offers in-depth assessment of the growth and other aspects of the Power Cables Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
power cable market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for a major share of the global market in 2020 and is expected to dominate the market in terms of revenue during the forecast period, owing to presence of leading manufacturers of power cables in the region. In addition, the demand for electricity has experienced significant growth in the region due to increase in population as well as urbanization across the countries such as China, India, Japan, and South Korea.
Asia Pacific is the largest supplier of Power Cables, with a production market share of nearly 34% in Previous Years. Europe is the second largest supplier of Power Cables, enjoying production market share of nearly 33%.Asia Pacific is the largest consumption place, with a consumption market share of nearly 38%. Following Asia Pacific, Europe is the second largest consumption place with the consumption market share of 30%.
The classification of Power Cables includes High Voltage Power Cables, Medium Voltage Power Cables and Low Voltage Power Cables, and the proportion of High Voltage Power Cables is about 43%, and the proportion of Medium Voltage Power Cables is about 36%.
Report Attributes
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Report Details |
Forecast Period 2022 to 2027 CAGR |
CAGR of 7.0% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies
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Prysmian Group, Nexans, Sumitomo Electric, Furukawa, General Cable, Southwire, Leoni, LS Cable & Systems, Fujikura, Far East Cable, Jiangnan Cable, Baosheng Group, Hitachi, Encore Wire, NKT, Hengtong Group, Xignux, Finolex, KEI Industries and others. |
Regions Covered
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Countries Covered |
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Base Year
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2022 |
Historical Year
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2017 to 2021 |
Forecast Year
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2022 to 2027 |
Customization Available
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Yes, the report can be customized as per your needs |
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
What is the study period of this market?
The Relay Market is studied from 2017 - 2027.
What is the growth rate of Power Cables Market?
The Relay Market is growing at a CAGR of 7.0% over the next 5 years.
Who are the key players in Power Cables Market?
Prysmian Group, Nexans, Sumitomo Electric, Furukawa, General Cable, Southwire, Leoni, LS Cable & Systems, Fujikura, Far East Cable, Jiangnan Cable, Baosheng Group, Hitachi, Encore Wire, NKT, Hengtong Group, Xignux, Finolex, KEI Industries and others.
What region does this Power Cables Market report covers?
North America (the United States, Canada, and Mexico) Europe (Germany, France, UK, Russia, and Italy) Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) South America (Brazil, Argentina, Colombia, etc.) The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Power Cables Market?
High Voltage Power Cables, Medium Voltage Power Cables, Low Voltage Power Cables
What are the major end-use applications of Power Cables Market?
Overland, Underground, Submarine, Residential, Commercial, Industrial, Utilities, Other
Application_List
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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