According to
a new market report published by Lucintel, 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.
In this market, low voltage, medium voltage, and high voltage energy cables are used for the transmission and distribution
of electricity. 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.
Emerging trends, which have a direct impact
on the 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.
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, a
leading global strategic consulting and market
research firm, has analyzed growth opportunities in the global energy
cable market by product type, voltage
type, end use industries, and region. Lucintel has prepared a comprehensive
research report entitled
“Growth
Opportunities in the Global Energy Cable Market 2018-2023: Trends, Forecast,
and Opportunity Analysis.” The
Lucintel report serves as a catalyst for
growth strategy as it provides a comprehensive data and analysis on trends, key
drivers, and directions. The study includes a forecast for the global energy
cable market by product type, voltage type, end use industries, and region as follows:
By Voltage Type [$B shipment analysis for 2012
– 2023]:
- Low Voltage
- Medium Voltage
- High Voltage
By End
Use Industries Market [$B shipment analysis for
2012 – 2023]:
- Utilities
- Industrial
- Residential
- Commercial
By Product Type [$B shipment analysis for 2012
– 2023]:
- Low Voltage Energy Cables
- Power Cables
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
This
185-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel
offerings include energy
market report, energy
industry, commercial due diligence
report, business
strategy consulting and market
research reports online.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates winning strategies for growth. It
offers market assessments, competitive analysis, opportunity analysis, growth
consulting, M&A, and due diligence services to executives and key decision-makers
in a variety of industries. For further information, visit www.lucintel.com.
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 market?
Q.5. What are the business risks and competitive
threats in this market?
Q.6.
What are the emerging trends in this
market and the reasons behind them?
Q.7.
What are some of the changing demands
of customers in the market?
Q.8. What are the new developments in the market?
Which companies are leading these developments?
Q.9. Who are the major players in this market?
What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in
this 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 industry?
No comments:
Post a Comment