Global High voltage cable Market is estimated to reach $52 billion by 2024; growing at a CAGR of 6.3% from 2016 to 2024. High voltage cable (HVC) is used for high voltage electric power transmission over long distances. These cables are used in wide application areas such as underground cables, overhead lines, and submarine cables. Growing industrialization and rise in urbanization coupled with growth in wind and solar power plants have supplemented the growth of the HVC market through various geographies. Presence of additional insulation jacket that minimizes power loss, and enhanced stability in comparison to other cables are the various features which have increased the popularity of HVC in the market.

Major driving factors such rise in trend of underground wiring, and as growth in industrialization & urbanization are expected to drive the global high voltage cable market. However, high price of metals such as aluminium and copper would act as a restraint for the market. Surge in number of wind and solar power projects and increased government investments in smart grid technology would generate new business opportunities for the market in the coming years.

The global high voltage cable market is bifurcated by product type and end user. Product type segment includes submarine, overhead, and underground. By end user, the market is segmented into industrial, renewable energy, and infrastructure.

Geographically, the global high voltage cable market has been segmented into North America, Europe, Asia-Pacific and RoW. The U.S., Mexico and Canada are covered under North America wherein Europe covers France, Germany, Italy, Sweden, and others. Asia-Pacific covers China, India, Japan, South Korea, and others. Rest of the World (RoW) covers South America, Middle East and Africa.

Major key players operating in the high voltage cable market are Siemens AG, TELE-FONIKA Kable S.A, ABB, General Cable Technologies Corporation, Prysmian Group, Dubai Cable Company Private Limited, NKT Cables, Sumitomo Electric Industries, Ltd., Southwire Company, LLC, and Nexans S.A., among others.

The key takeaways from the report:
The report will provide detailed analysis of High Voltage Cable Market with respect to major segments such as product type, and end user
The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024
Comprehensive analysis of market dynamics including factors and opportunities of the global High Voltage Cable Market
An exhaustive regional analysis of High Voltage Cable Market from 2015 to 2024 has been included in the report
Profile of the key players in the High Voltage Cable Market, will be provided, which include key financials, product & services, new developments and business strategies
Scope of High Voltage Cable Market:
Product Type Segments
Overhead
Submarine
Underground
End User Type Segments
Renewable energy
Wind
Hydropower
Others
Industrial
Mining
Oil & gas
Power utilities
Chemical & petrochemical
Others
Infrastructure
Commercial sector
Residential sector
Geographical Segments
North America
US
Canada
Mexico
Europe
France
Germany
Italy
Sweden
Others
Asia-Pacific
India
Japan
South Korea
Others
RoW
South America
Middle East
Africa