Base Year
Historical Year
Forecast Year
The global high voltage cable market attained a value of USD 18.20 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 6.2% to reach USD 31.28 billion by 2032.
| Global High Voltage Cable Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 18.20 |
| Market Size 2032 | USD Billion | 31.28 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 6.2% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 7.1% |
| CAGR 2024-2032 - Market by Country | India | 8.2% |
| CAGR 2024-2032 - Market by Country | China | 6.8% |
| CAGR 2024-2032 - Market by Installation | Submarine | 6.9% |
| CAGR 2024-2032 - Market by End Use | Renewable Energy | 9.3% |
| Market Share by Country 2023 | Germany | 4.4% |
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The number of end consumers for electricity has increased as a result of rural electrification programmes, population growth, and urbanisation. As the demand for electricity grows, renewable energy sources are becoming more popular. As a result, the number of new grids being installed to reach far-flung regions has increased. The increased demand from industries and energy distribution centres is also propelling the high voltage cable industry growth. Industries all around the world are investing in the construction of new facilities or are updating the existing infrastructure to meet the demands of power transmission.
Along with this, the rising awareness about environmental damages due to the excessive utilisation of non-renewable sources of power generation, such as coal, has pushed various industries to use environment-friendly resources for power generation. The use of renewable energy, such as windmills and others, is being more widely welcomed, thus, driving the growth of the high voltage cable industry.
The quantity of voltage power that is over the ordinary norm or threshold is referred to as high voltage. High voltage has two characteristics that explain its essence: it creates airborne sparks and can provide electric shocks to anyone who comes too close to it. A voltage could exist between two system conductors or between a conductor and the earth. In this regard, a high voltage cable is defined as a cable utilised for electric power transmission at high voltage. Their design facilitates the transmission of high voltage without any loss of power.
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Based on installation, the high voltage cable industry can be segmented into:
On the basis of end use, the market can be broadly categorised into:
The end use segmentation can be further divided on the basis of industrial use into power utilities, oil and gas, mining, and chemical and petrochemical, among others. At the same time, while the renewable energy segment is subdivided into wind energy, hydropower, and others, the infrastructure segment has been segmented into commercial and residential.
The EMR report looks into the regional markets of high voltage cable like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
| CAGR 2024-2032 - Market by | Country |
| India | 8.2% |
| China | 6.8% |
| USA | 5.5% |
| Australia | 4.9% |
| France | 4.9% |
| Canada | XX% |
| UK | XX% |
| Germany | XX% |
| Italy | 4.3% |
| Japan | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
| Mexico | XX% |
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The increased government investments in smart grid technologies and offshore power projects are the key factors bolstering the growth of the high voltage cable industry globally. A number of developing countries have outdated power transmission infrastructure that provides inefficient power and facilitates power theft. These considerations are forcing utility companies to upgrade their existing power transmission infrastructure, which is expected to enhance the demand for high voltage cables. With a number of projects for power generation from renewable energy sources being announced, an effective transmission network would be required to connect generation plants and consumption centres, which is anticipated to further propel the growth of the high voltage cable industry.
The report presents a detailed analysis of the following key players in the global high voltage cable market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Installation |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market attained a value of nearly USD 18.20 billion.
The market is projected to grow at a CAGR of 6.2% in the forecast period 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 31.28 billion by 2032.
The major market drivers include the introduction of various favourable government initiatives to provide electricity and the increasing use of high voltage cables in smart grid.
The key trends guiding the market growth are the rising use of high voltage cables in electric vehicles and the growing demand for sustainable sources of energy.
The major regions in the high voltage cables market are North America, Latin America, the Asia Pacific, Europe and the Middle East and Africa.
The major segments based on the installation of high voltage cables are overhead, underground, and submarine.
The various voltage levels of high voltage cable are 50 KV-110KV, 115KV-330KV and greater than 330KV.
The significant end uses of the product are industrial, renewable, and infrastructure.
The key players in the market are Dubai Cable Company Pvt. Ltd., Nexans, Hitachi Metal, Ltd., Sumitomo Electric Industries, Ltd., and Siemens AG, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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