The global energy cable market is projected to reach $164.3 billion by 2027, at a CAGR of 5.7% during 2021-2027. The growth of energy cable market is driven by growth in electricity consumption due to industrialization, urbanization, electrification of rural areas, and increasing construction activities.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the 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 What are the
business risks and threats to the energy cable market?
Q.4 What are some
changing demands of customers in the energy cable market?
Q.5 What are the new
developments in the energy cable market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this energy cable area and how big of a
threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this energy cable market?
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.
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Market Segmentation:
Based on product type,
the energy cable market is segmented into low voltage cables, medium voltage
cables, and high voltage cables. The low voltage cables segment accounted for
the largest share of the market in 2021 and is expected to register the highest
CAGR during the forecast period, due to growth in construction as well as
automotive sector, especially in China and India.
Asia Pacific is expected
to remain the largest market over the forecast period due toe conomic
expansion, industrialization, urbanization, and rural electrification projects,
particularly in India and China, are leading the demand for energy cables.
Key Players in the
energy cable market are Prysmian Group, Nexans S.A., Leoni AG, NKT A/S,
Sumitomo Electric Industries, Encore Wire Corporation, KEI Industries Limited,
and Southwire.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/energy-cable-market.aspx.
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.
Brandon Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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