The global energy cable market is expected to reach an estimated $128.7 billion by 2023 and is forecast to grow at a CAGR of 5.2% from 2018 to 2023
NEW YORK, Sept. 6, 2018 /PRNewswire/ -- Trends, opportunities and forecast in energy cable market to 2023 by product type (low voltage energy cables and power cables), voltage type (low voltage cables, medium voltage cables, and high voltage cables), end use industry (utilities, industrial, residential, and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World)
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The future of the energy cable market looks attractive with opportunities in the utilities, industrial, residential, and commercial sectors. The global energy cable market is expected to reach an estimated $128.7 billion by 2023 and is forecast to grow at a CAGR of 5.2% from 2018 to 2023. The major growth drivers for this market are growth in electricity consumption due to industrialization, urbanization, electrification of rural areas, and increasing construction activities.
Emerging trends, which have a direct impact on the energy cable dynamics of the industry, include the deployment of superconductors in power cables for improved performance and electron beam cross linking of power cable for durability and high current carrying capacity.
energy cable market by voltage
energy cable market
energy cable manufacturers
The study includes the energy cable market size and forecast for the global energy cable market through 2023, segmented by product type, voltage type, end use industries, and region as follows:
Energy Cable Market by Voltage Type [$B shipment analysis for 2012 - 2023]:
Low Voltage Medium Voltage High Voltage
Energy Cable Market by End Use Industries Market [$B shipment analysis for 2012 - 2023]:
Utilities Industrial Residential Commercial
Energy Cable Market by Product Type [$B shipment analysis for 2012 - 2023]:
Low Voltage Energy Cables Power Cables
Energy Cable Market by Region [$B shipment analysis for 2012 - 2023]:
North America US Canada Mexico Europe Germany Russia United Kingdom Italy France Asia Pacific China India Japan South Korea The Rest of the World
Some of the energy cable companies profiled in this report include Prysmian Group, Nexans S.
A., Leoni AG, NKT S/A, Sumitomo Electric Industries Ltd, Encore Wire Corporation, and Southwire are among the major suppliers of energy cable.
Lucintel forecasts that low voltage cable is expected to remain the largest segment due to growth in construction as well as automotive sector, especially in China and India. High voltage cable is expected to witness the highest growth in the forecast period supported by increasing investment on renewable power generation sources and ultra-high voltage transmission lines.
Within the energy cable market, utilities are expected to remain the largest end use market due to the continuous expansion in electrical infrastructure to fulfill growing electricity demand. The residential segment is expected to witness the highest growth in the forecast period supported by increasing construction activities and increasing demand for heating, cooling, and air-conditioning (HVAC) equipment.
Asia Pacific is expected to remain the largest market and is also expected to witness the highest growth over the forecast period. Economic expansion, industrialization, urbanization, and rural electrification projects, particularly in India and China, are leading the demand for energy cables.
Some of the features of "Energy Cable Market Report: Trends, Forecast and Competitive Analysis" include:
Market size estimates: Global energy cable market size estimation in terms of value ($B) shipment.
Trend and forecast analysis: Market trend (2012-2017) and forecast (2018-2023) by application, and end use industry.
Segmentation analysis: Global energy cable market size by various applications such as product, voltage type, end use industries in terms of value and volume shipment.
Regional analysis: Global energy cable market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
Growth opportunities: Analysis on growth opportunities in different applications and regions of energy cable in the global energy cable market.
Strategic analysis: This includes M&A, new product development, and competitive landscape of energy cable in the global energy cable market. Analysis of competitive intensity of the industry based on Porter's Five Forces model.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the global energy cable market by product type (low voltage energy cables and power cables), voltage type (low voltage cables, medium voltage cables, and high voltage cables), end use industry (utilities, industrial, residential, and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this energy cable market?
Q.5. What are the business risks and competitive threats in this energy cable market?
Q.6. What are the emerging trends in this energy cable market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the energy cable market?
Q.8. What are the new developments in the energy cable market? Which companies are leading these developments?
Q.9. Who are the major players in this energy cable market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this energy cable market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the energy cable industry?
Read the full report: https://www.reportlinker.com/p05499343
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