Medium Voltage Cables Market Size, Share, and Analysis, By Installation (Overhead, Underground, Submarine), By Voltage (1-15 kV, 16-35 kV, and 36-70 kV), By End-User (Industrial, Commercial, and Utility), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
Medium Voltage Cables Market Size, Share, and Analysis, By Installation (Overhead, Underground, Submarine), By Voltage (1-15 kV, 16-35 kV, and 36-70 kV), By End-User (Industrial, Commercial, and Utility), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
PRODUCT OVERVIEW
Medium Voltage Cables Market is anticipated t%li%exhibit a Compound Annual Growth Rate (CAGR) of 5.7% during the forecast span from 2024 t%li%2034. In 2023, the market size was assessed at USD 45.8 billion and is projected t%li%reach USD 84.8 billion by the completion of 2034.
Medium voltage cables are specialized electrical cables that can transmit electrical power with voltages ranging from 1 t%li%100 kV. These cables are critical components of electrical distribution systems, which enable the connection of power sources and distribution networks or directly powering industrial facilities. These voltage cables, which fall between the low and high voltage bands, are widely employed in urban infrastructure, industrial plants, and commercial buildings. Additionally, medium voltage cables are typically insulated with materials such as cross-linked polyethylene (XLPE) or ethylene propylene rubber (EPR) t%li%withstand higher voltages and ensure efficient power distribution. Therefore, due t%li%its ability t%li%stabilize and improve the functionality of electrical grids, medium voltage cables are indispensable across several industrial applications.
MARKET HIGHLIGHTS
Medium Voltage Cables Market is projected t%li%reach USD 84.8 billion over the forecast period, owing t%li%the global urbanization, industrial development, and rising infrastructure projects. The growing emphasis on renewable energy projects, such as wind and solar power, requires efficient transmission systems, which further increases the demand for voltage cables in connecting renewable energy sources t%li%the grid. Moreover, the need t%li%modernize aging power infrastructure is driving investments in transmission and distribution networks. Additionally, the increasing adoption of smart grid technologies, which aim t%li%improve power distribution efficiency, along with technological innovations in insulation materials, play an important role in enhancing the performance and durability of medium voltage cables. These factors collectively highlight the evolving landscape of the medium voltage cable, which aligns with the industry's commitment t%li%provide modern solutions for sustainable electrical infrastructure.
Medium Voltage Cables Market Segments:
Growth Drivers
Integration of Renewable Energy Provides Opportunities for Development
Developing Infrastructure and Urbanization t%li%Generate New Growth Prospects
Restraint
High Initial Investment and Implementation Costs Can Limit Industry Growth
Key Players
PRODUCT OVERVIEW
Medium Voltage Cables Market is anticipated t%li%exhibit a Compound Annual Growth Rate (CAGR) of 5.7% during the forecast span from 2024 t%li%2034. In 2023, the market size was assessed at USD 45.8 billion and is projected t%li%reach USD 84.8 billion by the completion of 2034.
Medium voltage cables are specialized electrical cables that can transmit electrical power with voltages ranging from 1 t%li%100 kV. These cables are critical components of electrical distribution systems, which enable the connection of power sources and distribution networks or directly powering industrial facilities. These voltage cables, which fall between the low and high voltage bands, are widely employed in urban infrastructure, industrial plants, and commercial buildings. Additionally, medium voltage cables are typically insulated with materials such as cross-linked polyethylene (XLPE) or ethylene propylene rubber (EPR) t%li%withstand higher voltages and ensure efficient power distribution. Therefore, due t%li%its ability t%li%stabilize and improve the functionality of electrical grids, medium voltage cables are indispensable across several industrial applications.
MARKET HIGHLIGHTS
Medium Voltage Cables Market is projected t%li%reach USD 84.8 billion over the forecast period, owing t%li%the global urbanization, industrial development, and rising infrastructure projects. The growing emphasis on renewable energy projects, such as wind and solar power, requires efficient transmission systems, which further increases the demand for voltage cables in connecting renewable energy sources t%li%the grid. Moreover, the need t%li%modernize aging power infrastructure is driving investments in transmission and distribution networks. Additionally, the increasing adoption of smart grid technologies, which aim t%li%improve power distribution efficiency, along with technological innovations in insulation materials, play an important role in enhancing the performance and durability of medium voltage cables. These factors collectively highlight the evolving landscape of the medium voltage cable, which aligns with the industry's commitment t%li%provide modern solutions for sustainable electrical infrastructure.
Medium Voltage Cables Market Segments:
- By Installation
- Overhead
- Underground
- Submarine
- By Voltage
- 1-15 kV
- 16-35 kV
- 36-70 kV
- By End-User
- Industrial
- Commercial
- Utility
Growth Drivers
Integration of Renewable Energy Provides Opportunities for Development
Developing Infrastructure and Urbanization t%li%Generate New Growth Prospects
Restraint
High Initial Investment and Implementation Costs Can Limit Industry Growth
Key Players
- Nexans S.A.
- Prysmian Group
- Southwire Company
- LS Cable & System Ltd.
- ABB Ltd.
- Fujikura Ltd.
- KEI Industries Limited
- Finolex Cables Ltd.
- Riyadh Cables Group Company
- Sumitom%li%Electric Industries, Ltd.
- General Cable Corporation
- Brugg Kabel AG
- Siemens AG
- NKT A/S
- Tratos Group
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight int%li%the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
- 3-month post-sales analyst support.
1. EXECUTIVE SUMMARY
1.1.Regional Market Share
1.2. Business Trends
1.3.Medium Voltage Cables Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2.Public Sources
2.6.Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1. Market Definition
3.2.Medium Voltage Cables Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. MEDIUM VOLTAGE CABLES MARKET – INDUSTRY INSIGHTS
4.1.Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7.MARKET DYNAMICS
7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends
8. RISK ANALYSIS
9. MARKET ANALYSIS
9.1. Porters Five Forces
9.2.PEST Analysis
9.2.1. Political
9.2.2.Economic
9.2.3.Social
9.2.4.Technological
10. MEDIUM VOLTAGE CABLES MARKET
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11.MEDIUM VOLTAGE CABLES MARKET SIZE & FORECAST 2024A-2034F
11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1.By Installation
11.3.1.1. Overhead
11.3.1.1.1. By Value (USD Million) 2024-2034F
11.3.1.1.2.Market Share (%) 2024-2034F
11.3.1.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Underground
11.3.1.2.1.By Value (USD Million) 2024-2034F
11.3.1.2.2. Market Share (%) 2024-2034F
11.3.1.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.3.Submarine
11.3.1.3.1.By Value (USD Million) 2024-2034F
11.3.1.3.2. Market Share (%) 2024-2034F
11.3.1.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.2. By Voltage
11.3.2.1.1-15 kV
11.3.2.1.1.By Value (USD Million) 2024-2034F
11.3.2.1.2. Market Share (%) 2024-2034F
11.3.2.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.2. 16-35 kV
11.3.2.2.1. By Value (USD Million) 2024-2034F
11.3.2.2.2.Market Share (%) 2024-2034F
11.3.2.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.3. 36-70 kV
11.3.2.3.1. By Value (USD Million) 2024-2034F
11.3.2.3.2.Market Share (%) 2024-2034F
11.3.2.3.3.Y-o-Y Growth (%) 2024-2034F
11.3.3. By End-User
11.3.3.1.Industrial
11.3.3.1.1.By Value (USD Million) 2024-2034F
11.3.3.1.2. Market Share (%) 2024-2034F
11.3.3.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.2. Commercial
11.3.3.2.1. By Value (USD Million) 2024-2034F
11.3.3.2.2.Market Share (%) 2024-2034F
11.3.3.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.3. Utility
11.3.3.3.1. By Value (USD Million) 2024-2034F
11.3.3.3.2.Market Share (%) 2024-2034F
11.3.3.3.3.Y-o-Y Growth (%) 2024-2034F
12. NORTH AMERICA MEDIUM VOLTAGE CABLES MARKET SIZE & FORECAST 2024A-2034F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Installation
12.3.2.By Voltage
12.3.3.By End-User
12.4. Country
12.4.1. United States
12.4.2.Canada
13. EUROPE MEDIUM VOLTAGE CABLES MARKET SIZE & FORECAST 2024A-2034F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Installation
13.3.2.By Voltage
13.3.3.By End-User
13.4. Country
13.4.1.Germany
13.4.2.United Kingdom
13.4.3.France
13.4.4. Italy
13.4.5.Spain
13.4.6.Russia
13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14. ASIA-PACIFIC MEDIUM VOLTAGE CABLES MARKET SIZE & FORECAST 2024A-2034F
14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Installation
14.3.2.By Voltage
14.3.3.By End-User
14.4. Country
14.4.1. India
14.4.2.China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15. MIDDLE EAST AND AFRICA MEDIUM VOLTAGE CABLES MARKET SIZE & FORECAST 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Installation
15.3.2.By Voltage
15.3.3.By End-User
15.4. Country
15.4.1. Israel
15.4.2.GCC
15.4.3.North Africa
15.4.4. South Africa
15.4.5.Rest of Middle East and Africa
16. LATIN AMERICA MEDIUM VOLTAGE CABLES MARKET SIZE & FORECAST 2024A-2034F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Installation
16.3.2.By Voltage
16.3.3.By End-User
16.4. Country
16.4.1. Mexico
16.4.2.Brazil
16.4.3.Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1. Company market share, 2023
17.2.Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1.Nexans S.A.
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.Prysmian Group
18.3.General Cable Corporation
18.4. Southwire Company
18.5.LS Cable & System Ltd.
18.6.ABB Ltd.
18.7.Siemens AG
18.8. Sumitomo Electric Industries, Ltd.
18.9.Fujikura Ltd.
18.10.Brugg Kabel AG
18.11. NKT A/S
18.12. KEI Industries Limited
18.13. Riyadh Cables Group Company
18.14.Finolex Cables Ltd.
18.15. Tratos Group
18.16. Other Prominent Players
19. APPENDIX
20.CONSULTANT RECOMMENDATION
1.1.Regional Market Share
1.2. Business Trends
1.3.Medium Voltage Cables Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2.Public Sources
2.6.Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1. Market Definition
3.2.Medium Voltage Cables Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. MEDIUM VOLTAGE CABLES MARKET – INDUSTRY INSIGHTS
4.1.Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7.MARKET DYNAMICS
7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends
8. RISK ANALYSIS
9. MARKET ANALYSIS
9.1. Porters Five Forces
9.2.PEST Analysis
9.2.1. Political
9.2.2.Economic
9.2.3.Social
9.2.4.Technological
10. MEDIUM VOLTAGE CABLES MARKET
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11.MEDIUM VOLTAGE CABLES MARKET SIZE & FORECAST 2024A-2034F
11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1.By Installation
11.3.1.1. Overhead
11.3.1.1.1. By Value (USD Million) 2024-2034F
11.3.1.1.2.Market Share (%) 2024-2034F
11.3.1.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Underground
11.3.1.2.1.By Value (USD Million) 2024-2034F
11.3.1.2.2. Market Share (%) 2024-2034F
11.3.1.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.3.Submarine
11.3.1.3.1.By Value (USD Million) 2024-2034F
11.3.1.3.2. Market Share (%) 2024-2034F
11.3.1.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.2. By Voltage
11.3.2.1.1-15 kV
11.3.2.1.1.By Value (USD Million) 2024-2034F
11.3.2.1.2. Market Share (%) 2024-2034F
11.3.2.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.2. 16-35 kV
11.3.2.2.1. By Value (USD Million) 2024-2034F
11.3.2.2.2.Market Share (%) 2024-2034F
11.3.2.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.3. 36-70 kV
11.3.2.3.1. By Value (USD Million) 2024-2034F
11.3.2.3.2.Market Share (%) 2024-2034F
11.3.2.3.3.Y-o-Y Growth (%) 2024-2034F
11.3.3. By End-User
11.3.3.1.Industrial
11.3.3.1.1.By Value (USD Million) 2024-2034F
11.3.3.1.2. Market Share (%) 2024-2034F
11.3.3.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.2. Commercial
11.3.3.2.1. By Value (USD Million) 2024-2034F
11.3.3.2.2.Market Share (%) 2024-2034F
11.3.3.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.3. Utility
11.3.3.3.1. By Value (USD Million) 2024-2034F
11.3.3.3.2.Market Share (%) 2024-2034F
11.3.3.3.3.Y-o-Y Growth (%) 2024-2034F
12. NORTH AMERICA MEDIUM VOLTAGE CABLES MARKET SIZE & FORECAST 2024A-2034F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Installation
12.3.2.By Voltage
12.3.3.By End-User
12.4. Country
12.4.1. United States
12.4.2.Canada
13. EUROPE MEDIUM VOLTAGE CABLES MARKET SIZE & FORECAST 2024A-2034F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Installation
13.3.2.By Voltage
13.3.3.By End-User
13.4. Country
13.4.1.Germany
13.4.2.United Kingdom
13.4.3.France
13.4.4. Italy
13.4.5.Spain
13.4.6.Russia
13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14. ASIA-PACIFIC MEDIUM VOLTAGE CABLES MARKET SIZE & FORECAST 2024A-2034F
14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Installation
14.3.2.By Voltage
14.3.3.By End-User
14.4. Country
14.4.1. India
14.4.2.China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15. MIDDLE EAST AND AFRICA MEDIUM VOLTAGE CABLES MARKET SIZE & FORECAST 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Installation
15.3.2.By Voltage
15.3.3.By End-User
15.4. Country
15.4.1. Israel
15.4.2.GCC
15.4.3.North Africa
15.4.4. South Africa
15.4.5.Rest of Middle East and Africa
16. LATIN AMERICA MEDIUM VOLTAGE CABLES MARKET SIZE & FORECAST 2024A-2034F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Installation
16.3.2.By Voltage
16.3.3.By End-User
16.4. Country
16.4.1. Mexico
16.4.2.Brazil
16.4.3.Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1. Company market share, 2023
17.2.Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1.Nexans S.A.
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.Prysmian Group
18.3.General Cable Corporation
18.4. Southwire Company
18.5.LS Cable & System Ltd.
18.6.ABB Ltd.
18.7.Siemens AG
18.8. Sumitomo Electric Industries, Ltd.
18.9.Fujikura Ltd.
18.10.Brugg Kabel AG
18.11. NKT A/S
18.12. KEI Industries Limited
18.13. Riyadh Cables Group Company
18.14.Finolex Cables Ltd.
18.15. Tratos Group
18.16. Other Prominent Players
19. APPENDIX
20.CONSULTANT RECOMMENDATION
