The global high voltage cable market reached a value of US$ 37.24 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 53.34 Billion by 2027, exhibiting a CAGR of 5.15% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

High voltage cables (HVCs) are extensively utilized for electric power transmission at high voltages. Equipped with structural elements of protective jackets, one or more conductors, and insulators, they are designed to efficiently transmit electricity without any power loss during long-range transmissions. The presence of additional internal layers in the insulation jacket assists HVCs in controlling the electric flow around the conductor. As a result, they find widespread applications across various sectors, such as power utility, mining, chemical and petrochemical, paper and pulp, wastewater treatment, manufacturing, and oil and gas.

High Voltage Cable Market Trends:
The market is primarily driven by the ever-increasing demand for electricity across the globe. This can be accredited to the rising reliance on electronic appliances and devices among the masses and the escalating need for an uninterrupted power supply. In line with this, the flourishing global construction industry and the continuous replacements of aging grid infrastructure and transmission lines due to the shift toward smart grids are providing an impetus to the market growth. Besides this, the preference for renewable energy sources, such as solar and wind energy, due to an enhanced focus on sustainable development has led to the construction of new utility grid setups with improved transmission and distribution networks on the global level, thereby acting as a significant growth-inducing factor for the market. Also, the growing number of rural electrification projects undertaken by the governments of various countries is fueling the product demand. Some of the other factors creating a positive outlook for the market include rapid industrialization, continual technological advancements in distribution networks, and extensive research and development (R&D) activities conducted by key players.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global high voltage cable market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on installation, voltage type and end user.

Breakup by Installation:

Overhead
Underground
Submarine

Breakup by Voltage Type:

50kV-110kV
115kV-330kV
More than 330kV

Breakup by End User:

Industrial
Power Utilities
Oil and Gas
Mining
Chemical and Petrochemical
Others
Renewable Energy
Wind
Hydropower
Others
Infrastructure
Commercial
Residential

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Brugg Kabel AG, Ducab, LS Cable & System Ltd, NEXANS, NKT A/S, Prysmian Group, Siemens AG, Southwire Company LLC, Sumitomo Electric Industries Ltd., TBEA Co. Ltd. and TELE-FONIKA Kable S.A.

Key questions answered in this report:
How has the global high voltage cable market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global high voltage cable market?
What are the key regional markets?
What is the breakup of the market based on the installation?
What is the breakup of the market based on the voltage type?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global high voltage cable market and who are the key players?
What is the degree of competition in the industry?