Market Insights
Power transmission cables are widely used in the transmission and distribution of electricity to various residential and commercial consumers. Power transmission cables are insulated with various materials such as PVC (polyvinyl chloride), XLPE (polyethylene with cross-links), rubber, impregnated paper, and varnished cambric.
The global market for power transmission cables is projected to register significant growth over the forecast period. Increasing investment in renewable energy across the globe requires the installation of new power transmission lines to connect with the existing grid. This has increased the demand for power transmission cables all over the world over the past few years.
Besides this, the growing demands for power transmission to offshore installations, such as connectivity of the conventional grid to offshore wind power installations, connectivity to islands, and power transmission to offshore oil and gas installations, are some of the factors driving the growth of the power transmission cable market. Moreover, rising demand for underground transmission cables, especially in developed economies such as the U.S. and Australia, with a focus on reducing transmission and distribution losses, is expected to fuel the growth of the global power transmission cables market.
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Asia Pacific is projected to be the largest as well as the fastest market in terms of value during the forecast period owing to the increasing power requirement, especially in India and China. Upcoming projects for grid interconnectivity and renewable energy are expected to impel the market growth of the power transmission cable market in the region over the forecast period.
The leading players identified across the value chain of the power transmission cables market are highly focused on the development of innovative products related to power transmission cables. In order to penetrate the market, the companies are also emphasizing mergers and acquisitions, which are anticipated to be one of the major business strategies in the future.
The Global Power Transmission Cables and Towers Market is segmented on the following bases:
By Product Type
- Overhead Cables
- Underground Cables
By end user
By Geography
- North America
- Europe
- Germany
- France
- UK.
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- South-east Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of the Middle East and Afric
Key Players Identified Across the Value Chain in the Power Transmission CablesMarket include but are not limited to:
Superconductor Technologies Inc., NKT Cables Group GmbH, Southwire Company, LLC, General Cable Technologies Corporation, AEI Cables Ltd., JDR Cable Systems Ltd., and others
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This report offers the following:
- An overview of the global power transmission cables and towers market
- Market trends assessment for the period 2016-2023, with historical information for 2013& 2014 and projections through 2023, with respective CAGRs during 2016-2023 and 2015 as the base year
- Qualitative assessment tools such as market drivers, challenges, and future prospects, and competitive analysis: market positioning of key market players
- Focus on each level of market segmentation based on product approvals, launches, and current and anticipated market dynamics.
- A general overview of the industry structure
- Company profiles highlight key information about the major players operating in the global power transmission cables and towers market.
