Overhead Cables Market by Type and Geography - Forecast and Analysis 2022-2026

Published: Sep 2022

Pages: 142

SKU: IRTNTR45258

Snapshot

The overhead cables market share is expected to increase by USD 17.67 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.1%.

This overhead 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 overhead cables market segmentation by type (high voltage, medium voltage, and low voltage) and geography (APAC, Europe, North America, South America, and Middle East and Africa). The overhead cables market report also offers information on several market vendors, including ABB Ltd., Brugg Kabel AG, Dubai Cable Co Pvt, Encore Wire Corp, Furukawa Electric Co. Ltd., Jiangsu Zhongtian Technology Co Ltd, KEC International Ltd, KEI Industries Ltd, LS Cable and System Ltd., Nexans SA, NKT AS, Prysmian Spa, Riyadh Cables Group of Companies, Schneider Electric SE, Southwire Co. LLC, Sumitomo Electric Industries Ltd, Synergy Cables Ltd., Tratos Cavi S.p.A., and Universal Cables Ltd. among others.

What will the Overhead Cables Market Size be During the Forecast Period?

Download Report Sample to Unlock the Overhead Cables Market Size for the Forecast Period and Other Important Statistics

Overhead Cables Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post-COVID-19 era. The increased renewable power generation is notably driving the overhead cables market growth, although factors such as fluctuating raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the overhead cables industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Overhead Cables Market Driver

One of the key factors driving growth in the overhead cables market is the increased renewable power generation. Overhead power cables are used at large to transmit electricity generated from power plants. The growing concerns about shifting to renewable energy sources have led to an increase in electricity generation from wind turbines, solar power, and others. This has led to the demand for new installations of overhead cables. Renewable energy is the fastest-growing source of electricity generation. The amount of electricity generated from renewable energy sources is growing by more than 2.5% per year. Countries across the globe are focusing on establishing solar projects to develop renewable or clean energy, which is utilized by various industries. A rise in the number of projects across the world will boost the growth of the global overhead cables market.

Key Overhead Cables Market Trend

The increased demand from GCC countries is an overhead cable market trend that is expected to have a positive impact in the coming years. GCC countries, such as Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE, have seen decent overall economic growth. Sectors such as manufacturing, entertainment, tourism, and education have gained momentum and are adding to the growth of the region's economy. There has also been an increase in the electricity demand from these countries, leading to an increase in the application of overhead cables. Megacity projects, modern infrastructure, rising immigration, and economic developments have increased over the years. These developments are expected to create demand for overhead cables, which will boost the growth of the global overhead cables market.

Key Overhead Cables Market Challenge

The fluctuating raw material prices will be a major challenge for the overhead cables market during the forecast period. The primary raw materials used to manufacture an overhead power cable are aluminum and copper. All power cable vendors incur a major part of their manufacturing cost for acquiring these raw materials. Volatile prices of copper and aluminum, as well as other necessary raw materials, including fuel and energy, lead to significant volatility in the cost of sales or revenue for cable manufacturers. Vendors try to recover the instability in the cost of metals via negotiated price changes in the final product. If vendors are unable to raise the amount due to the presence of stiff competition among the market players, their gross revenue decreases. Thus, fluctuating raw material prices may hinder the growth of the market

This overhead 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 overhead cables market as a part of the global electrical components and equipment market within the global electrical 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 overhead cables market during the forecast period.

Who are the Major Overhead Cables Market Vendors?

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

This statistical study of the overhead cables market encompasses successful business strategies deployed by the key vendors. The overhead cables market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

abb.com - The company offers overhead cable solutions to support construction, design, and maintenance requirements.
abb.com - Under the electrification segment, the company manufactures and sells electrical products and solutions which are designed to provide safe, smart, and sustainable electrical flow from the substation to the socket.

To make the most of the opportunities and recover from the 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 overhead 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.

Overhead Cables Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the overhead 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 Overhead Cables Market?

For more insights on the market share of various regions Request PDF Sample now!

34% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for overhead cables in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The growing population, rapid industrialization, urban migration, and higher living standards have led to increased demand for electricity in APAC. This will facilitate the overhead 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 outbreak slowed down the growth of the overhead cables market in APAC. This is due to the implementation of nationwide lockdowns in major producing countries such as India, China, Japan, and South Korea. However, the initiation of vaccination drives led to the lifting of lockdowns in 2021. This has resulted in the resumption of manufacturing activities, which has increased the demand for overhead cables in APAC. Therefore, the regional overhead cables market is expected to grow during the forecast period.

What are the Revenue-generating Type Segments in the Overhead Cables Market?

To gain further insights on the market contribution of various segments Request PDF Sample

The overhead cables market share growth in the high voltage segment will be significant during the forecast period. High-voltage overhead cables are usually used for the transmission of electricity generated from power plants to substations and end-users. The T&D infrastructure upgrade, growing power generation capacity and increased use of renewable sources to generate electricity are creating the demand for high-voltage cables.

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

Overhead Cables Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 5.1%
Market growth 2022-2026	$17.67 billion
Market structure	Fragmented
YoY growth (%)	5.02
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 34%
Key consumer countries	US, China, India, Japan, UK, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	ABB Ltd., Brugg Kabel AG, Dubai Cable Co Pvt, Encore Wire Corp, Furukawa Electric Co. Ltd., Jiangsu Zhongtian Technology Co Ltd, KEC International Ltd, KEI Industries Ltd, LS Cable and System Ltd., Nexans SA, NKT AS, Prysmian Spa, Riyadh Cables Group of Companies, Schneider Electric SE, Southwire Co. LLC, Sumitomo Electric Industries Ltd, Synergy Cables Ltd., Tratos Cavi S.p.A., and Universal Cables 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, and 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 Overhead Cables Market Report?

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

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Type

5.1 Market segments
- Exhibit 24: Chart on Type - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Type - Market share 2021-2026 (%)

5.2 Comparison by Type
- Exhibit 26: Chart on Comparison by Type
- Exhibit 27: Data Table on Comparison by Type

5.3 High voltage - Market size and forecast 2021-2026
- Exhibit 28: Chart on High voltage - Market size and forecast 2021-2026 ($ billion)
- Exhibit 29: Data Table on High voltage - Market size and forecast 2021-2026 ($ billion)
- Exhibit 30: Chart on High voltage - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on High voltage - Year-over-year growth 2021-2026 (%)

5.4 Medium voltage - Market size and forecast 2021-2026
- Exhibit 32: Chart on Medium voltage - Market size and forecast 2021-2026 ($ billion)
- Exhibit 33: Data Table on Medium voltage - Market size and forecast 2021-2026 ($ billion)
- Exhibit 34: Chart on Medium voltage - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Medium voltage - Year-over-year growth 2021-2026 (%)

5.5 Low voltage - Market size and forecast 2021-2026
- Exhibit 36: Chart on Low voltage - Market size and forecast 2021-2026 ($ billion)
- Exhibit 37: Data Table on Low voltage - Market size and forecast 2021-2026 ($ billion)
- Exhibit 38: Chart on Low voltage - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Low voltage - Year-over-year growth 2021-2026 (%)

5.6 Market opportunity by Type
- Exhibit 40: Market opportunity by Type ($ billion)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 42: Chart on Market share by geography 2021-2026 (%)
- Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 44: Chart on Geographic comparison
- Exhibit 45: Data Table on Geographic comparison

7.3 APAC - Market size and forecast 2021-2026
- Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026
- Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 North America - Market size and forecast 2021-2026
- Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026
- Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 China - Market size and forecast 2021-2026
- Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

7.9 US - Market size and forecast 2021-2026
- Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)

7.10 India - Market size and forecast 2021-2026
- Exhibit 74: Chart on India - Market size and forecast 2021-2026 ($ billion)
- Exhibit 75: Data Table on India - Market size and forecast 2021-2026 ($ billion)
- Exhibit 76: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on India - Year-over-year growth 2021-2026 (%)

7.11 Japan - Market size and forecast 2021-2026
- Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
- Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
- Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.12 UK - Market size and forecast 2021-2026
- Exhibit 82: Chart on UK - Market size and forecast 2021-2026 ($ billion)
- Exhibit 83: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
- Exhibit 84: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on UK - Year-over-year growth 2021-2026 (%)

7.13 Germany - Market size and forecast 2021-2026
- Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
- Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
- Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.14 Market opportunity by geography
- Exhibit 90: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 91: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 92: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 93: Overview on factors of disruption

9.4 Industry risks
- Exhibit 94: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 95: Vendors covered

10.2 Market positioning of vendors
- Exhibit 96: Matrix on vendor position and classification

10.3 ABB Ltd.
- Exhibit 97: ABB Ltd. - Overview
- Exhibit 98: ABB Ltd. - Business segments
- Exhibit 99: ABB Ltd. - Key news
- Exhibit 100: ABB Ltd. - Key offerings
- Exhibit 101: ABB Ltd. - Segment focus

10.4 Encore Wire Corp
- Exhibit 102: Encore Wire Corp - Overview
- Exhibit 103: Encore Wire Corp - Product / Service
- Exhibit 104: Encore Wire Corp - Key offerings

10.5 Furukawa Electric Co. Ltd.
- Exhibit 105: Furukawa Electric Co. Ltd. - Overview
- Exhibit 106: Furukawa Electric Co. Ltd. - Business segments
- Exhibit 107: Furukawa Electric Co. Ltd. - Key offerings
- Exhibit 108: Furukawa Electric Co. Ltd. - Segment focus

10.6 KEC International Ltd
- Exhibit 109: KEC International Ltd - Overview
- Exhibit 110: KEC International Ltd - Business segments
- Exhibit 111: KEC International Ltd - Key offerings
- Exhibit 112: KEC International Ltd - Segment focus

10.7 KEI Industries Ltd
- Exhibit 113: KEI Industries Ltd - Overview
- Exhibit 114: KEI Industries Ltd - Business segments
- Exhibit 115: KEI Industries Ltd - Key offerings
- Exhibit 116: KEI Industries Ltd - Segment focus

10.8 LS Cable and System Ltd.
- Exhibit 117: LS Cable and System Ltd. - Overview
- Exhibit 118: LS Cable and System Ltd. - Product / Service
- Exhibit 119: LS Cable and System Ltd. - Key offerings

10.9 Nexans SA
- Exhibit 120: Nexans SA - Overview
- Exhibit 121: Nexans SA - Business segments
- Exhibit 122: Nexans SA - Key offerings
- Exhibit 123: Nexans SA - Segment focus

10.10 NKT AS
- Exhibit 124: NKT AS - Overview
- Exhibit 125: NKT AS - Business segments
- Exhibit 126: NKT AS - Key offerings
- Exhibit 127: NKT AS - Segment focus

10.11 Prysmian Spa
- Exhibit 128: Prysmian Spa - Overview
- Exhibit 129: Prysmian Spa - Business segments
- Exhibit 130: Prysmian Spa - Key offerings
- Exhibit 131: Prysmian Spa - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 132: Inclusions checklist
- Exhibit 133: Exclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 134: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 135: Research methodology
- Exhibit 136: Validation techniques employed for market sizing
- Exhibit 137: Information sources

11.5 List of abbreviations
- Exhibit 138: List of abbreviations

NZS 1429

60502

Methodology

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.

INFORMATION 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

DATA 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

REPORT 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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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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