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Global Medium Voltage Cables Market: By Installation: Underground, Submarine, Overhead; By Components: Termination Cables, Joints, XLPE Cables; By Voltage; By Application: Industrial, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Medium Voltage Cables Market Outlook
The global medium voltage cables market attained USD 49 billion in 2020. The global medium voltage cables market is expected to grow at a CAGR of 5.7% in the forecast period of 2022-2027 to attain USD 70 billion by 2026.
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Rapid Urbanization in Developing Regions to Aid the Market Growth of Medium Voltage Cables
The Asia Pacific is the largest contributor of medium voltage cables, and it is anticipated to be the fastest growing market over the forecast period. Due to lower costs, overhead lines show greater penetration in emerging economies, such as the Asia Pacific, Latin America, and the Middle East and African regions, while underground lines are used more in developed economies like Europe. High urbanization rates in the Asia Pacific and Latin America, and MEA regions is expected to increase the demand for underground lines in these areas as the space for overhead lines gets saturated. The submarine segment is expected to witness more demand in the forecast period, as is already the case with Europe due to their offshore wind capacity. The developing countries are expected to follow this trend due to the rise in offshore wind instalments and the ensuing demand for submarine cables.
Medium Voltage Cables: Market Segmentation
Medium Voltage cables, or MV cables, is the segment of cabling as defined by the International Electrotechnical Commission (IEC) as having a voltage rating of above 1kV up to 100kV. Various end use industries, such as power, oil and gas, mining, chemicals, renewables, and infrastructure sector utilize medium voltage cables. The main metals used in their manufacturing include copper and aluminium. Volatility in the cost of these is a major factor determining the prices of medium voltage cables.
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In terms of installation, the market is segmented into:
- Underground
- Submarine
- Overhead
On the basis of components, the market is divided into:
- Termination Cables
- Joints
- XLPE Cables
- Others
The market is segregated on the basis of voltage into:
- 1 kV - 15 kV
- 16 kV - 35 kV
- 36 kV – 70 kV
By application, the market is divided into:
- Industrial
- Infrastructure
- Renewable Energy
- Others
Industrial application is further divided on the basis of type into oil and gas, metals and mining, chemicals and petrochemicals, cement and manufacturing, and utilities, whereas the infrastructure application is divided into transportation, and commercial and residential.
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Urbanization and Shift towards Renewable Energy to Aid the Market Growth
Increasing urbanization and industrialization across the globe has been the main driver of the market for medium voltage cables. This has been more so in the case of emerging economies, where the demand for power generation, transmission, and distribution has been the major driver of the market of medium voltage cables. The demand in these areas is expected to increase in the forecast period. Innovations in design and newer technologies have positively impacted the market, for example, the introduction of optical fibre and cross-linked polyethylene insulated cables. The rising global shift towards renewable energy sources is expected to drive this market in the forecast period. While the demand for submarine lines has been quite high in Europe due to its extensive offshore wind capacity, developing countries are expected to follow this route in the coming years, thereby driving the market forward.
Key Industry Players in the Global Medium Voltage Cables Market
The report gives a detailed analysis of the following key players in the global medium voltage cables market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Nexans SA
- Prysmian S.p.A.
- General Cable Technologies Corporation
- Sumitomo Electric Industries Ltd
- Ducab Group
- TPC Wire and Cable Corporation
- Hellenic Cables S.A.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Installation, Components, Voltage, Application, Region |
| Breakup by Installation | Underground, Submarine, Overhead |
| Breakup by Components | Termination Cables, Joints, XLPE Cables, Others |
| Breakup by Voltage | 1 kV - 15 kV, 16 kV - 35 kV, 36 kV – 70 kV |
| Breakup by Application | Industrial, Infrastructure, Renewable Energy, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Nexans SA, Prysmian S.p.A., General Cable Technologies Corporation, Sumitomo Electric Industries Ltd, Ducab Group, TPC Wire and Cable Corporation, Hellenic Cables S.A., Others |
| 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. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Medium Voltage Cables Market Analysis
8.1 Key Industry Highlights
8.2 Global Medium Voltage Cables Historical Market (2017-2021)
8.3 Global Medium Voltage Cables Market Forecast (2022-2027)
8.4 Global Medium Voltage Cables Market by Installation
8.4.1 Underground
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Submarine
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Overhead
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.5 Global Medium Voltage Cables Market by Components
8.5.1 Termination Cables
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Joints
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 XLPE Cables
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Others
8.6 Global Medium Voltage Cables Market by Voltage
8.6.1 1 kV - 15 kV
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 16 kV - 35 kV
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 36 kV – 70 kV
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.7 Global Medium Voltage Cables Market by Application
8.7.1 Industrial
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2017-2021)
8.7.1.3 Forecast Trend (2022-2027)
8.7.1.4 Breakup by Type
8.7.1.4.1 Oil and Gas
8.7.1.4.2 Metals and Mining
8.7.1.4.3 Chemicals and Petrochemicals
8.7.1.4.4 Cement and Manufacturing
8.7.1.4.5 Utilities
8.7.2 Infrastructure
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2017-2021)
8.7.2.3 Forecast Trend (2022-2027)
8.7.2.4 Breakup by Type
8.7.2.4.1 Transportation
8.7.2.4.2 Commercial and Residential
8.7.3 Renewable Energy
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2017-2021)
8.7.3.3 Forecast Trend (2022-2027)
8.7.4 Others
8.8 Global Medium Voltage Cables Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.2 Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.3 Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.4 Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.5 Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Nexans SA
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Prysmian S.p.A.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 General Cable Technologies Corporation
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Sumitomo Electric Industries Ltd
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Ducab Group
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 TPC Wire and Cable Corporation
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Hellenic Cables S.A.
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Others
14 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Medium Voltage Cables Market: Key Industry Highlights, 2016 and 2026
2. Global Medium Voltage Cables Historical Market: Breakup by Installation (USD Billion), 2017-2021
3. Global Medium Voltage Cables Market Forecast: Breakup by Installation (USD Billion), 2022-2027
4. Global Medium Voltage Cables Historical Market: Breakup by Components (USD Billion), 2017-2021
5. Global Medium Voltage Cables Market Forecast: Breakup by Components (USD Billion), 2022-2027
6. Global Medium Voltage Cables Historical Market: Breakup by Voltage (USD Billion), 2017-2021
7. Global Medium Voltage Cables Market Forecast: Breakup by Voltage (USD Billion), 2022-2027
8. Global Medium Voltage Cables Historical Market: Breakup by Application (USD Billion), 2017-2021
9. Global Medium Voltage Cables Market Forecast: Breakup by Application (USD Billion), 2022-2027
10. Global Medium Voltage Cables Historical Market: Breakup by Region (USD Billion), 2017-2021
11. Global Medium Voltage Cables Market Forecast: Breakup by Region (USD Billion), 2022-2027
12. North America Medium Voltage Cables Historical Market: Breakup by Country (USD Billion), 2017-2021
13. North America Medium Voltage Cables Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Europe Medium Voltage Cables Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Europe Medium Voltage Cables Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Asia Pacific Medium Voltage Cables Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Asia Pacific Medium Voltage Cables Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Latin America Medium Voltage Cables Historical Market: Breakup by Country (USD Billion), 2017-2021
19. Latin America Medium Voltage Cables Market Forecast: Breakup by Country (USD Billion), 2022-2027
20. Middle East and Africa Medium Voltage Cables Historical Market: Breakup by Country (USD Billion), 2017-2021
21. Middle East and Africa Medium Voltage Cables Market Forecast: Breakup by Country (USD Billion), 2022-2027
22. North America Historical Price Trends and Forecast 2017-2027
23. Europe Historical Price Trends and Forecast 2017-2027
24. Asia Pacific Historical Price Trends and Forecast 2017-2027
25. Latin America Historical Price Trends and Forecast 2017-2027
26. Middle East and Africa Historical Price Trends and Forecast 2017-2027
27. Global Medium Voltage Cables Market Structure
Key Questions Answered in the Report
In 2020, the global medium voltage cables market attained a value of nearly USD 49 billion.
The market is projected to grow at a CAGR of 5.7% between 2022 and 2027.
The major drivers of the market include the rising industrialisation, innovations in design and newer technologies, increasing demand for power generation, transmission, and distribution, and rising demand for submarine lines.
Rising urbanisation and shift towards renewable energy are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
In terms of installation, the market is segmented into underground, submarine and overhead.
On the basis of components, the market is divided into termination cables, joints, and XLPE cables, among others.
The market is segregated on the basis of voltage into 1 kV - 15 kV, 16 kV - 35 kV, and 36 kV - 70 kV.
The major applications include industrial, infrastructure, and renewable energy, among others. Industrial application is further divided into oil and gas, metals and mining, chemicals and petrochemicals, cement and manufacturing, and utilities, whereas the infrastructure application is divided into transportation, and commercial and residential.
The major players in the industry are Nexans SA, Prysmian S.p.A., General Cable Technologies Corporation, Sumitomo Electric Industries Ltd, Ducab Group, TPC Wire and Cable Corporation, and Hellenic Cables S.A., among others.
Analyst Review
The global medium voltage cables market attained a value of nearly USD 49 billion in 2020, driven by the shift towards renewable energy. Aided by rising industrialisation and innovations in design and newer technologies, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 5.7%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. In terms of installation, the market is segmented into underground, submarine and overhead. On the basis of components, the market is divided into termination cables, joints, and XLPE cables, among others. The market is segregated on the basis of voltage into 1 kV - 15 kV, 16 kV - 35 kV, and 36 kV – 70 kV. The major applications include industrial, infrastructure, and renewable energy, among others. Industrial application is further divided into oil and gas, metals and mining, chemicals and petrochemicals, cement and manufacturing, and utilities, whereas the infrastructure application is divided into transportation, commercial and residential. The major regional markets for medium voltage cables are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The major players in the industry are Nexans SA, Prysmian S.p.A., General Cable Technologies Corporation, Sumitomo Electric Industries Ltd, Ducab Group, TPC Wire and Cable Corporation, and Hellenic Cables S.A., among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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