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Medium Voltage Cables Market by Installation and Geography - Forecast & Analysis 2019-2023

  • Published: Oct 2019
  • Pages: 148
  • SKU: IRTNTR32174
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The global medium voltage cables market has the potential to grow by USD 7.19 billion during 2019-2023. The growth momentum will accelerate throughout the forecast period, and the market will grow at a CAGR of almost 5%.

The rise in global energy demand and the rising number of microgrid networks are some of the major factors driving market growth. The US, China, and Germany are currently significant markets for medium voltage cables.

Medium Voltage Cables Market Report - Key Insights

Medium-Voltage-Cables-Market-Overview

Scope of this Report

The report provides a detailed analysis of the market by installation and geography. Also, the medium voltage cables market analysis report analyzes the market’s competitive landscape and offers information on several market vendors.

Medium-Voltage-Cables-Market-Report-Scope

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Market Segmentation      

Medium Voltage Cables Market by Installation

  • Overhead
  • Underground
  • Submarine

Medium Voltage Cables Market by Region

  • APAC
  • Europe
  • MEA
  • North America
  • South America

Medium-Voltage-Cables-Market-Report

Market Competitive Analysis

The medium voltage cables market is fragmented, and the degree of fragmentation will decrease during the forecast period. EL Sewedy Electric Co., Fujikura Ltd., and Furukawa Electric Co. Ltd. are some of the major market participants. Though the accelerating growth momentum will offer immense growth opportunities, the slowdown in manufacturing outputs will challenge the growth of the market participants. To make the most of the possibilities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The medium voltage cables market forecast report provides information on the production, sustainability, and prospects of several companies, including:

  • EL Sewedy Electric Co.
  • Fujikura Ltd.
  • Furukawa Electric Co. Ltd.
  • LEONI AG
  • LS Cable & System Ltd.
  • Nexans SA
  • NKT Group AS
  • Prysmian Spa
  • Southwire Co. LLC
  • Sumitomo Electric Industries Ltd.

Medium Voltage Cables Market: Key Drivers and Trends

The rise in urban population and the increase in industrial operations have increased the demand for energy across the globe. Factors such as the electrification of the heat and transportation sectors, growth in the number of electronically connected devices, and the digitalization of modern economies have also increased energy demand. The increase in the demand for energy has led to a rise in number of power plants and transmission lines. This will, in turn, drive the demand for medium voltage cables, fueling market growth over the forecast period.

  • Medium voltage cables market trends such as the rising number of microgrids will also influence market growth.
  • Microgrids function autonomously by using distribution automation solutions and are integrated with conventional grids.
  • The implementation of microgrids is growing because of the increase in demand for electricity in rural and suburb areas.
  • To cater to the growing energy demand in remote locations, governments are offering incentives to promote renewable power generation and are also increasing microgrid facilities.
  • Such factors will drive medium voltage cables market growth at a CAGR of almost 5% during 2019-2023.

Medium Voltage Cables Market: Segmentation by Region

Medium-Voltage-Cables-Market-Share-by-Region

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APAC is a major market for medium voltage cables. The rising demand for electric power because of the increase in industrialization and the rise in urbanization is driving market growth in the region. The rise in number of initiatives and smart grid implementation projects will also fuel the growth of the market.

During the forecast period, about 44% of the overall market growth will originate from APAC. Moreover, market growth in this region will be faster than the growth of the market in other regions.

Medium Voltage Cables Market: Segmentation by Installation

Medium-Voltage-Cables-Market-Share-by-Installation-type

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The increase in long-distance transmission and the need to replace existing overhead lines because of the aging infrastructure are driving the adoption of overhead medium voltage cables. The insulated versions of overhead lines are used to reduce the space and the possibilities of earth faults by fallen trees or branches. Moreover, the land area covered by medium voltage overhead cables is higher than that covered by subsea and underground cables as they require high-voltage cables for power transmission.

As a result, the medium voltage cables market size will steadily increase in this segment during the forecast period. Moreover, market growth in this segment will be faster than the growth of the market in the medium voltage underground lines segment. The report provides an accurate prediction of the contribution of various segments to medium voltage cables market growth.

Medium Voltage Cables Market: Key Highlights of the Report

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will accelerate the medium voltage cables market growth during the next five years
  • Precise estimation of the global medium voltage cables market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the whey protein ingredient industry across the APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the medium voltage cables market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of medium voltage cables vendors

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY INSTALLATION

  • Market segmentation by installation
  • Comparison by installation
  • Overhead - Market size and forecast 2018-2023
  • Underground - Market size and forecast 2018-2023
  • Submarine - Market size and forecast 2018-2023
  • Market opportunity by installation

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Rising number of microgrid networks
  • Shift toward offshore renewable energy generation
  • Gradual recovery in oil and gas industry

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • EL Sewedy Electric Co.
  • Fujikura Ltd.
  • Furukawa Electric Co. Ltd.
  • LEONI AG
  • LS Cable & System Ltd.
  • Nexans SA
  • NKT Group AS
  • Prysmian Spa
  • Southwire Co. LLC
  • Sumitomo Electric Industries Ltd.

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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