High Temperature Cables Market by End-user and Geography - Forecast and Analysis 2022-2026

The high temperature cables market share is expected to increase by USD 923.52 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.9%.

This high temperature cables market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers high temperature cables market segmentation by end-user (energy, transport, industrial, and others) and geography (APAC, Europe, North America, Middle East and Africa, and South America). The high temperature cables market report also offers information on several market vendors, including Allied Wire and Cable Inc., Anixter International Inc., Axon Cable, Bambach Wires & Cables, Belden Inc., Bhuwal Insulation Cable Pvt. Ltd., Coroplast Fritz Muller GmbH and Co. KG, Dacon Systems Inc., Eland Cables Ltd., HELUKABEL Romania Srl, JIANGSU XINGYUAN HIGH TEMPERATURE WIRE AND CABLE CO.LTD., Lapp Holding AG, Leoni AG, Nexans SA, Prysmian Spa, SAB BROCKSKES GmbH & Co. KG, Shoal Group Ltd., Sumitomo Electric Industries Ltd., TONGGUANG GROUP CO. LTD, and Zhuhai Hansen Technology Co. Ltd. among others.

What will the High Temperature Cables Market Size be During the Forecast Period?

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High Temperature Cables Market: Key Drivers, Trends, and Challenges

The improvements in railway infrastructure is notably driving the high temperature cables market growth, although factors such as fluctuation in raw material prices may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the high temperature cables industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key High Temperature Cables Market Driver

One of the key factors driving the global high temperature cables market growth is the improvements in railway infrastructure. The cables used in railways should be halogen-free, self-extinguishing, and flame retardant. High-temperature cables have these characteristics, making them one of the critical components of the railway infrastructure. Several countries are investing heavily in the railroad industry, which will create demand for new trains. For instance, the Italian State Railways Industrial Business Plan between 2019 and 2023 outlined an investment of USD 66.41 billion for the development of railway transport in the country. In February 2021, the Indian government inaugurated 88 new railway projects. Furthermore, the Indian Railways has announced plans to electrify its entire network by 2023. All these factors are expected to drive the growth of the global high-temperature cables market during the forecast period.

Key High Temperature Cables Market Trend

Another key factor driving the global high temperature cables market growth is the growing wind power generation capacity. Wind turbines are often subject to extreme temperatures, which often include very high and very low temperatures based on the climatic conditions of the turbine. High-temperature cables are required for several applications, such as wiring of motors, generators, and transformers. The decline in the prices of wind power installations will further accelerate the wind power installations. The global weighted average cost of offshore wind installations decreased by one-fifth during 2010-2018, and that of onshore wind installations decreased by around one-third during the same period. Continuous investments are being made in wind power, which is increasing annual capacity additions and encouraging technological innovations in wind power systems. Therefore, owing to the criticality of high-temperature cables in the operations of wind turbines, their demand will increase proportionally with the installation of wind turbines, which will drive the growth of the market in the coming years.

Key High Temperature Cables Market Challenge

One of the key challenges to the global high temperature cables market growth is the fluctuation in raw material prices such as copper, aluminum, silicone rubber, and others. The prices of several raw materials, which are used in manufacturing high-temperature cables, have increased in the past, which has increased the overall cost of high-temperature cables. For instance, the cost of PTFE materials in the US increased during 2020-2021 and is expected to rise further during the forecast period. This increase in price, as a result of the shortage in supply of PTFE resins in the country, led to a 4-6 month lead time for PTFE-related cables. Such an increase in prices of raw materials, which subsequently increases the prices of end-products, including high-temperature cables, leads to a reduction in the demand for end-products, which will negatively impact the market growth during the forecast years.

This high temperature cables market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global industrial automation and control market as a part of the global electrical components and equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the high temperature cables market during the forecast period.

Who are the Major High Temperature Cables Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Allied Wire and Cable Inc.
• Anixter International Inc.
• Axon Cable
• Bambach Wires & Cables
• Belden Inc.
• Bhuwal Insulation Cable Pvt. Ltd.
• Coroplast Fritz Muller GmbH and Co. KG
• Dacon Systems Inc.
• Eland Cables Ltd.
• HELUKABEL Romania Srl
• JIANGSU XINGYUAN HIGH TEMPERATURE WIRE AND CABLE CO.LTD.
• Lapp Holding AG
• Leoni AG
• Nexans SA
• Prysmian Spa
• SAB BROCKSKES GmbH & Co. KG
• Shoal Group Ltd.
• Sumitomo Electric Industries Ltd.
• TONGGUANG GROUP CO. LTD
• Zhuhai Hansen Technology Co. Ltd.

 

This statistical study of the high temperature cables market encompasses successful business strategies deployed by the key vendors. The high temperature cables market is fragmented and the vendors are deploying growth strategies such as product differentiation to compete in the market.

Product Insights and News

• Allied Wire and Cable Inc. - Through this segment the company provides products such as Wire & Cable, Tubing and Harnessing products, and connectors and termination.
• Anixter International Inc. - The company offers high temperature cable that includes wire and cable, network infrastructure, low-voltage industrial control, cable and raceway support, cabinets, enclosures and racks, locking solutions, professional audio and video, and many more, under the brand name of Anixter International Inc.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The high temperature cables market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

High Temperature Cables Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the high temperature cables market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for High Temperature Cables Market?

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48% of the market's growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for high temperature cables in APAC. Market growth in this region will be faster than the growth of the market in regions.

The significant increase in the demand for energy and high growth in the high-temperature cable end-user sectors such as transport, oil and gas, wind power plant, steel mills, and heavy industries will facilitate the high temperature cables market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the COVID-19 pandemic negatively impacted the regional high-temperature cables market. The governments of various countries in the region, such as China, India, and Japan, imposed COVID-related restrictions and nationwide lockdowns to curb the spread of the disease. According to the Asian Development Bank, the global demand for oil decreased by 25% year over year in April 2020, largely due to a sharp drop in transport activities both domestically and globally. However, in H2 2020, due to the availability of vaccines, the number of COVID-19 cases declined. Thus, the demand for high-temperature cables in APAC rebounded from its end-users. Hence, the regional market is expected to witness growth during the forecast period.

What are the Revenue-generating End-user Segments in the High Temperature Cables Market?

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The high temperature cables market share growth by the energy segment will be significant during the forecast period. The rise in global energy demand is expected to boost the power generation capacity and T&D networks globally, which subsequently will increase the demand for high-temperature cables. For instance, State Grid Corp. of China and China Southern Power Grid identified 14 projects for development in 2020, which employed high-voltage alternating current (HVAC) and high-voltage direct current (HVDC) technologies. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the high temperature cables market size and actionable market insights on post COVID-19 impact on each segment.

 

High Temperature Cables Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 8.9%
Market growth 2022-2026	$ 923.52 million
Market structure	Fragmented
YoY growth (%)	8.5
Regional analysis	APAC, Europe, North America, Middle East and Africa, and South America
Performing market contribution	APAC at 48%
Key consumer countries	US, China, India, Japan, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Allied Wire and Cable Inc., Anixter International Inc., Axon Cable, Bambach Wires & Cables, Belden Inc., Bhuwal Insulation Cable Pvt. Ltd., Coroplast Fritz Muller GmbH and Co. KG, Dacon Systems Inc., Eland Cables Ltd., HELUKABEL Romania Srl, JIANGSU XINGYUAN HIGH TEMPERATURE WIRE AND CABLE CO.LTD., Lapp Holding AG, Leoni AG, Nexans SA, Prysmian Spa, SAB BROCKSKES GmbH & Co. KG, Shoal Group Ltd., Sumitomo Electric Industries Ltd., TONGGUANG GROUP CO. LTD, and Zhuhai Hansen Technology Co. Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this High Temperature Cables Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive high temperature cables market growth during the next five years
• Precise estimation of the high temperature cables market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the high temperature cables industry across APAC, Europe, North America, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of high temperature cables market vendors

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