High Voltage Cable Market Growth 2021-2027, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider High Voltage Cable Market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, High Voltage Cable Market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence.
The global high voltage cable market was valued at $14.6 billion in 2020 and is projected to reach $23.4 billion by 2027, registering a CAGR of 6.0% from 2021 to 2027.
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High voltage cable (HVC) is used for electric power transmission at high voltage over long distances, to meet the electricity demand at the respective loads. The high voltage cable market is largely driven by ongoing industrialization and urbanization in developing countries such as China, Japan, and India.
Moreover, increased number of renewable energy projects such as wind and solar power plants have supplemented the growth of the HVC market. Furthermore, these cables offer several advantages such as presence of additional insulation jacket that minimizes power loss, and enhanced stability in comparison to other cables. HVCs are widely used in overhead lines, underground cables, and submarine cables. However, volatile prices of metals such copper and aluminum adversely impact the market growth. Growing investments in smart grid technology and increasing number of offshore power projects in developing countries are further expected to create numerous opportunities for the growth of the HVC market in the years to come.
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Prominent strategies such as expansion, product launch, acquisition, partnership & collaboration, and agreement are adopted by leading market players in an effort to expand their product offerings and widen their market reach. The prominent players such as ABB, Prysmian Group, Nexans, NKT Cables, and General Cable Technologies Corporation are analyzed in the report in an effort to gain an insight into their performance and developments. The high voltage cable market is highly concentrated, as top five players account for 60% share of the overall HVC market revenue.
The major companies profiled in the report include TELE-FONIKA Kable S.A., Prysmian group, Dubai Cable Company Pvt. Ltd., NKT Cables, Nexans, Southwire Company, LLC, Sumitomo Electric Industries, Ltd., Siemens AG, TBEA Co. Ltd. (TBEA), and Hitachi, Ltd.
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Key benefits for stakeholders
– The report provides extensive qualitative and quantitative analyses of the current high voltage cable market trends and future estimations of the market size from 2019 to 2027 to determine the prevailing opportunities.
– Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
– Estimations and forecast are based on factors impacting the market growth, in terms of both value and volume.
– Profiles of leading players operating in the high voltage cable market has been provided, and this helps in understanding the competitive scenario.
– The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth.
– The high voltage cable market forecast is done from 2020-2027.
KEY MARKET SEGMENTS
By End User
o Oil & gas
o Power Utilities
o Chemical & Petrochemical
o Other (Paper & Pulp, Manufacturing, Wastewater Treatment, and Cement Industry)
– Renewable Energy
o Other (Tidal, Solar, and Geothermal)
– North America
o Rest of Europe
o South Korea
o Rest of Asia-Pacific
o Latin America
o Middle east
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Final Report will add the analysis of the impact of COVID-19 on this industry.”
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Following are the questions answered by the Market report:
What are the goals of the report?
This market report shows the projected market size for the Mining Drilling Services Market at the end of the forecast period. The report also examines the historical and current market sizes.
On the basis of various indicators, the charts present the year-over-year growth (%) and compound annual growth rate (CAGR) for the given forecast period.
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The report examines the current state of the industry and the potential growth opportunities in North America, Asia Pacific, Europe, Latin America, and the Middle East, and Africa.
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This report covers aspects of the regional analysis market.
The report includes data about North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
This report analyzes current and future market trends by region, providing information on product usage and consumption.
Reports on the market include the growth rate of every region, based on their countries over the forecast period.
What factors are taken into consideration when assessing the key market players?
The report analyzes companies across the globe in detail.
The report provides an overview of major vendors in the market, including key players.
Reports include information about each manufacturer, such as profiles, revenue, product pricing, and other pertinent information about the manufactured products.
This report includes a comparison of market competitors and a discussion of the standpoints of the major players.
Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.
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This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
The report offers the current state of the market and future prospects for various geographical regions.
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Combined with Porter’s Five Forces analysis, it serves as SWOT analysis and competitive landscape analysis.
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