According to a research report "Americas Medium-Voltage Cables Market by Insulation (XLPE, EPR, HEPR), Voltage (Upto 5 kV, 5-15 kV, 15-30 kV, 30-60 kV, 60-100 kV), Application (Underground, Overhead, Submarine), End User (Industrial, Commercial, Renewable) and Region - Forecast to 2027" published by MarketsandMarkets, the Americas Medium Voltage Cables market size will grow to USD 14.2 billion by 2027 from USD 11.1 billion in 2022, at a CAGR of 5.1% during the forecast period.
The increase in renewable energy generation, the rapid pace of industrialization and urbanization, and the rising need to modernize legacy power infrastructure are driving the Americas Medium Voltage Cable market. The use of medium-voltage cables to supply power from a mobile substation to areas affected by weather-related accidents, natural disasters, and unpredictable power outages also propels the growth of the market. The strong focus of governments in the Americas on achieving the goal of net-zero carbon emissions and the increased participation of private players in the production of renewable energy are likely to boost the growth of the medium-voltage cables market in the US. Favorable government-led wind policies attract many large wind farm developers toward the regional market. The developments in technologies used in wind and solar farms, such as efficient cabling infrastructure, have led to the installation of new wind and solar farms in the region, thereby providing several opportunities for the Americas medium-voltage cabless market.
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The cross-linked polyethylene (XLPE) segment, by insulation type, is expected to be the most significant Americas Medium Voltage Cables market during the forecast period.
Cross-linked polyethylene (XLPE) insulation has the largest share of the Americas Medium-voltage cable Market. XLPE insulation performs at both high and low temperatures. Due to its structure, XLPE is extremely resistant to abrasion and other wear and tear. It also boasts resistance to high-voltage electricity, chemicals, and other hazardous materials. Cross-linked polyethylene insulation is also a more affordable option. The North American region is contributing to the highest market share of Americas medium-voltage cables during the forecast period.
By Voltage, the 60-100 kV segment is expected to grow at the highest CAGR during the forecast period
By voltage, the Americas Medium-Voltage cable market has been segmented into the upto 5 kV, 5–15 kV, 15–30 kV, 30–60 kV, and 60–100 kV segments. The 60–100 kV segment is expected to be the fastest-growing segment during the forecast period. These types of cables consist of stranded copper or aluminum conductors, clean cross-linked polyethylene (XLPE) insulation, and a polyethylene jacket with emitting insulation systems and are mainly used by utilities for transmission and distribution networks. The growth of the segment is due to an increase in utility projects in North America and South America.
South America is expected to be the fastest Americas medium-voltage cables market
South America is expected to dominate the Americas medium-voltage cables market during the forecast period. Brazil is the largest renewable market in the South America region, hydro and wind are two of the major sources of renewable power generation. The increasing investments in renewable energy sources are expected to be the major factor driving the demand for the medium-voltage cable market in South America.
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Some of the major players in the Americas medium-voltage cables market are Prysmian Group (Italy), Southwire Company (US), Nexans (France), NKT (Denmark), LS Cable & System (South Korea), TFKable (Poland), Sumitomo Electric Industries (Japan), and HELUKABEL Group (Germany). The major strategies adopted by these players include acquisitions, sales contracts, product launches, agreements, alliances, partnerships, and expansions.
5th October, 2018 - Medium Voltage Cables & Accessories Market is expected to grow at a significant CAGR in the upcoming years as the scope, Product Types, and its applications are increasing across the globe.
For distribution, Power transmission in the voltage range of 1000 V to 35 Kv the medium voltage cable is necessary.
It is projected to boost the development of the medium voltage cables and accessories market, and used in different fields such as chemical industry, mining, Oil and Gas, infrastructural sector, renewables.
Additionally, insertion of developing technologies, such as co-generation and combined generation in this sector is expected to drive the medium voltage cables & accessories market in the years to come.
Medium Voltage Cables & Accessories Market is segmented, By Installation into Underground, (XLPE Cables, MI Cables, Cable Joints, Cable Terminations), Submarine, (XLPE Cables, MI Cables, Cable Joints, Cable Terminations), Overhead (Conductors, Fittings & Fixtures).Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/medium-voltage-cables-and-accessories-market/request-sampleMedium Voltage Cables & Accessories Market is segmented, By End User into Industrial (Oil & Gas, Mining & Metals, Chemicals & Petrochemicals, Cement & Manufacturing, Utilities, Others (Paper & Pulp, Wastewater Treatment, and Pharmaceutical)), Renewable (Wind, Solar), Infrastructure (Transportation & Logistics, Residential & Commercial).The electrical infrastructure of the country will represent the utility segment; which includes the distribution of electric power, transmission and generation.
There is increase in the investment towards the utility sector, and upgradation of the grid infrastructure, the requirement for the equipment used in grid infrastructure such as insulators, power cables, transformer.
The new report by Expert Market Research titled, ‘Global Medium Voltage Cables Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global medium voltage cables market, assessing the market based on its segments like installation, components, voltage, applications, and major regions.
The sample report shall be delivered to you within 24 hours.Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/medium-voltage-cables-market/requestsampleThe key highlights of the report include:Market Overview (2016-2026)Historical Market Size (2020): USD 49 billionForecast CAGR (2021-2026): 5.7%Forecast Market Share (2026): USD 70 billionRapid urbanisation in developing regions has been the major driver for the market for medium voltage cables.
Furthermore, regular advancements in technology are expected to drive the market growth further in the coming years.Industry Definition and Major SegmentsMedium voltage cables, or MV cables, is the segment of cabling as defined by the International Electrotechnical Commission (IEC) as having a voltage rating of above 1kV up to 100kV.
Various industries such as power, oil and gas, mining, chemicals, renewables, and infrastructure sector utilise medium voltage cables.Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/medium-voltage-cables-marketIn terms of installation, the market is segmented into:UndergroundSubmarineOverheadOn the basis of components, the market is divided into:Termination CablesJointsXLPE CablesOthersThe market is segregated on the basis of voltage into:1 kV - 15 kV16 kV - 35 kV36 kV - 70 kVBy application, the market is divided into:IndustrialOil and GasMetals and MiningChemicals and PetrochemicalsCement and ManufacturingUtilitiesInfrastructureTransportationCommercial and ResidentialRenewable EnergyOthersThe regional markets for the product include:North AmericaEuropeThe Asia PacificLatin AmericaThe Middle East and AfricaMarket TrendsIncreasing urbanisation and industrialisation across the globe has been the main driver of the market for medium voltage cables, especially in the case of developing countries in Asia Pacific, which lead the market and are expected to do so in the forecast period.
While the demand for submarine lines has been quite high in Europe due to its extensive offshore wind capacity, developing countries are expected to follow this route in the coming years, thereby driving the market forward.Key Market PlayersThe major players in the market are Nexans SA, Prysmian S.p.A., General Cable Technologies Corporation, Sumitomo Electric Industries Ltd, Ducab Group, TPC Wire and Cable Corporation, and Hellenic Cables S.A., among others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.Read More Reports:Global Biologics Market: https://www.expertmarketresearch.com/reports/biologics-marketGlobal Cruise Missile Market: https://www.expertmarketresearch.com/reports/cruise-missile-marketGlobal Food Grade Alcohol Market: https://www.expertmarketresearch.com/reports/food-grade-alcohol-marketGlobal Thermoform Packaging Market: https://www.expertmarketresearch.com/reports/thermoform-packaging-marketGlobal Radiopharmaceuticals Market: https://www.expertmarketresearch.com/reports/radiopharmaceuticals-marketGlobal Disposable Face Mask Market: https://www.expertmarketresearch.com/reports/disposable-face-mask-marketGlobal Architectural Services Market: https://www.expertmarketresearch.com/reports/architectural-services-marketGlobal Styrenic Block Copolymer Market: https://www.expertmarketresearch.com/reports/styrenic-block-copolymer-marketGlobal Virtual Meeting Software Market: https://www.expertmarketresearch.com/reports/virtual-meeting-software-marketGlobal Thermoformed Plastics for Printing Market: https://www.expertmarketresearch.com/reports/thermoformed-plastics-for-printing-marketNote 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours.
Market Highlights A medium-voltage cable is a cable with a voltage rating of above 1kV up to 100 kV.
The growing areas of application of the medium voltage cables, is due to its low cost, high operational efficiency, improved system stability, proper load distribution between circuits, easy and quick installation and convenient virtual deployment of medium voltage cables, anywhere in the power network.
The global medium voltage cables market is driven by the increasing need for reliable electric supply & subsequent investment in transmission & distribution network, grid expansion, and developing safe electrical infrastructure.
Medium-voltage cables are widely accepted across the world in the industrial & commercial sectors as a reliable & safe method to supply electricity.
However, fluctuating material costs may restrain the global medium voltage cables market.
The report also provides a forecast, focusing on the market opportunities for the next five years for each region.
High Voltage Cables Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the high voltage cables market 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., HITACHI, LTD.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global High Voltage Cables Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/high-voltage-cables-market/download-sampleMarket DynamicsAs the development around the world increases, the demand for HVCs is also increasing because electricity is an important part of all the development projects.
Almost all the major countries are focusing on developing more nuclear power projects, and that has become a source of more demand for long-distance and marine high voltage cables.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis.
