Global Power Transmission Cables Market, By Installation (Overhead, Underground, and Submarine), By

Published Date: | Report Code : EP1930205

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Global Power Transmission Cables Market, By Installation (Overhead, Underground, and Submarine), By Voltage (High and Medium), By End User (Utility and Industrial), By Region (North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World) – Market Size & Forecasting (2016-2028)

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Domain : Energy

Report Code : EP1930205

Status : Upcoming

Market Dynamics

Power Transmission Cables Market growth is expected to gain high momentum during the forecast period due to increase in the number of power transmission towers. The need for power supply is rising due to rapid industrialization and urbanization around the world. Thus, a sustainable source of energy is required to meet the growing demand for power.

Power transmission cables are used in the transmission and distribution of power from power generation plants to end users. When power is transmitted, high voltage is preferred to conserve energy. Hence, it is essential to have a sustainable supply of energy, which is provided by transmission cables. Sectors such as renewable energy resources have also influenced the growth of the power transmission cables market. However, due to technological advancements, the wireless transmission sector is experiencing growth, which can hamper the growth of the power transmission cables market.

Segment Analysis

The power transmission cables market has been segmented on the basis of installation, voltage, and end user. The installation segment is further divided into overhead, underground, and submarine. The submarine and underground power transmission installation types have witnessed an increase in their demand, as no energy is lost during the transmission process. Based on voltage, the market has been segmented into high voltage and medium voltage. High voltage transmission is mostly preferred, as it helps to avoid resistive losses, which, in turn, reduces operational cost.

The Asia Pacific region is leading the market due to emerging demand from India and China. The Middle East has also taken many initiatives such as The Oman and Kuwait Metro projects and has invested heavily in procuring power transmission cables.

Key Factors Impacting Market Growth:

  • Increase in the number of power transmission towers
  • Need for sustainable supply of electricity
  • Volatile prices of metals such as copper and aluminum
  • Growing investments in smart grid

Regional Outlook:

The regional outlook for power transmission cables market provides detailed information for markets including North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America and Western Europe are estimated to be key regions for power transmission cables market during the forecast period. Being one of the industrialized regions, the energy & power sector is key to the operations of various industries in this region. This is one of the important factors governing the growth of power transmission cables market in these regions. Some of the major countries covered in this region include US, Germany, UK, France, Italy, Canada, and so on. 

Asia Pacific is estimated one of the fastest growing regions for power transmission cables market during the forecast period. Some of the fastest growing economies and increasing demand for energy & power to cater high population & industries is expected to drive the demand in this region. China and India are projected to register major demand during the forecast period. Middle East that includes UAE, Saudi Arabia, Iran, Qatar, and others promises high market potential during the forecast period. Rest of the World including South America and Africa are emerging regions in terms of market demand during the forecast period.

Companies Covered: ABB, Siemens, Kalpataru Power Transmission Ltd., Sumitomo Electric Industries Ltd., Southwire Company LLC, KEC International Ltd., Nanjing Daji Iron Tower Manufacturing Co. Ltd., Sterling & Wilson, and Arteche

Market Segmentation:

 By Installation:

  • Overhead
  • Underground
  • Submarine

By Voltage:

  • High
  • Medium

 By End User:

  • Utility
  • Industrial

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Installation
    • By Voltage
    • By End User
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Installation
    • By Voltage
    • By End User
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Installation
    • By Voltage
    • By End User
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Installation
    • By Voltage
    • By End User
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Installation
    • By Voltage
    • By End User
  • Rest of the World
    • By Region (South America, Africa)
    • By Installation
    • By Voltage
    • By End User

Reasons to Buy This Report:

  • Market size estimation of the global power transmission cables market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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