Global High Voltage Cables and Accessories Market – Size, Outlook, Trends and Forecast (2024 – 2032)

The XLPE cables segment is anticipated to hold the largest share in the market because of the investments in the transmission and distribution sector, increasing power generation, and growth in offshore wind farms. All these factors are expected to fuel the XLPE cables segment in high voltage cables and accessories market.

By voltage, the market is segmented into 72.5 KV, 123 KV, 145 KV, 170 KV, 245 KV, 400 KV and above. Among them, the 400 KV segment is expected to hold the largest share in the market because of the liking of grids and transmission infrastructure between countries. These cables find various applications in transmission and distribution, grid interconnection, and others. By end-users, the market is segmented into industrial, renewables, infrastructure, and others. The industrial segment is further sub-segmented into utilities, oil & gas, mining & metals, chemicals & petrochemicals, cement & manufacturing, and others. The renewable segment is further segmented into wind and solar. The infrastructure segment is segmented into transportation, and commercial & residential. The industrial segment is expected to hold the largest share in the market, and the factors boosting the growth of the market include investments in power transmission and distribution.

By Geography, Asia-Pacific is projected to hold the largest share in the market. Increase in renewable power generation is a major factor driving the high voltage cables and accessories market in the Asia Pacific. China is the largest market for high voltage cables and accessories market in the region. Governments, private players, service providers, and cables and accessories manufacturers are also trying to incorporate their existing technologies and develop new ones extensively to meet the growing demand from this region. The high voltage cables and accessories markets in countries, such as India, Japan, and Malaysia are expected to grow at moderate rates. The Middle

East and Africa are projected to witness the fastest growing region in the global high voltage cables and accessories market. The growth and increasing demand for high voltage cables and accessories are attributed to the investments in T&D, led by growing infrastructure developments and emerging wind energy generation activities, with a focus on generating electricity domestically.

Global High Voltage Cables and Accessories Market Trends:

• NKT cables group has delivered the cable system for the offshore grid connection in Nordergrunde.
• Nexans and Codelco sign a new agreement which aims at developing and implementing environmental, community-friendly and ethical processes in the copper industry.

Global High Voltage Cables and Accessories Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The major market players, such as

• NKT cables group
• Nexans S.A.
• Prysmian group
• Finolex Cables Ltd.
• Siemens AG

Along with these companies, there were many other companies considered/cited in the report while analysing the global high voltage cables and accessories market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.