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中電圧ケーブル市場レポート：電圧、製品、設置、エンドユーザー、地域別、2024-2032

Medium Voltage Cables Market Report by Voltage, Product, Installation, End User, and Region 2024-2032
出版日: | 発行: IMARC | ページ情報: 英文 148 Pages | 納期: 2～3営業日

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価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=156.76円
中電圧ケーブル市場レポート：電圧、製品、設置、エンドユーザー、地域別、2024-2032
出版日: 2024年03月02日
発行: IMARC
ページ情報: 英文 148 Pages
納期: 2～3営業日
  • 全表示
  • 概要
  • 図表
  • 目次
概要

世界の中電圧ケーブル市場規模は2023年に580億米ドルに達しました。今後、IMARC Groupは、2032年には893億米ドルに達し、2024～2032年の成長率（CAGR）は4.81%になると予測しています。よりクリーンで持続可能なエネルギー形態への転換の高まり、インフラ整備の急速な拡大、新興経済諸国における電力需要の増加、分散型エネルギー発電への注目の高まりなどが、市場を後押しする要因となっています。

中電圧ケーブルは、1kV～35kVのエネルギー伝送用に設計された特殊な導電体です。導体、絶縁体、保護シースで構成されるこれらのケーブルは、最適な電気性能、堅牢性、安全性を提供するよう設計されています。導体は通常銅またはアルミニウム製で、電流の通り道として機能し、絶縁体（多くの場合、架橋ポリエチレンまたはエチレンプロピレンゴム製）は電流の漏れに対するバリアとして機能し、電気サージに対する耐性を提供します。保護外被は耐久性を確保し、機械的損傷や環境要因から保護します。

世界市場は、特に新興国における電力需要の増加が主な要因となっています。これに伴い、都市化によって既存の電気インフラの拡張とアップグレードが必要となり、市場に弾みをつけています。さらに、風力発電所や太陽光発電所などの再生可能エネルギー・プロジェクトの急増により、堅牢で信頼性の高い送電ソリューションが必要となり、これが大きな成長促進要因となっています。これに加えて、絶縁体や導体材料の技術進歩によりケーブルの効率と寿命が向上し、投資機会が増えています。さらに、信頼性の高いエネルギー伝送システムを必要とする産業の成長も市場を牽引しています。これとは別に、可処分所得水準の向上が電化製品の需要拡大につながり、効果的な送電の必要性を高めています。このほか、さまざまな分野でのデジタル変革、公共インフラへの投資の拡大、送電ロスの最小化に向けた取り組みの強化なども市場に貢献しています。

中電圧ケーブル市場の動向と促進要因：

よりクリーンで持続可能なエネルギー形態への移行の高まり

よりクリーンで持続可能なエネルギー形態への世界の移行は、中電圧ケーブル市場を牽引する有力な要因です。各国が二酸化炭素排出量を削減し、国際的な気候変動協定を遵守することを目指しているため、風力、太陽光、水力発電などの再生可能エネルギーへのシフトが加速しています。これらの再生可能エネルギーを既存の電力網に統合するには、変動するエネルギー出力に対応し、配電を管理し、効率的なエネルギー貯蔵を確保できる高度な電気インフラが必要です。このような要件により、高品質で耐久性があり、効率的なケーブルの必要性が大幅に高まっています。再生可能プロジェクトは消費中心地から遠く離れた広大な土地を占めることが多いため、効率的な送電が重要になります。中電圧ケーブルは、送電容量とインフラコストのバランスを提供することで、この要件に効果的に適合します。

インフラ開発活動の急速な拡大

スマートシティの台頭、大規模な交通網、公共事業の改善などのインフラ整備は、中電圧ケーブル市場に大きな影響を与えています。大規模な公共プロジェクトでは通常、信頼性、耐久性、効率性の高い基準を満たす必要がある複雑な電気系統が必要になります。このような要件は、ヘルスケア、公共交通機関、緊急対応システムなど、電気系統の故障が許されない重要なサービスにとって特に重要です。こうしたプロジェクトの複雑さと規模は波及効果を生み、中距離の電圧を確実に伝送できる特殊なケーブルの必要性を高めています。さらに、各国が技術とインフラの覇権を争う中、多額の資本がこれらの大規模プロジェクトに割り当てられ、厳しい品質と性能ベンチマークを満たす中電圧ケーブルの持続的な市場が形成されています。

分散型エネルギー発電への注目の高まり

マイクログリッドや局地的再生可能エネルギー発電プロジェクトなど、分散型エネルギー発電への注目が高まっていることも、市場を大きく促進する要因の一つです。従来のエネルギー・グリッドは中央集権型であったが、生産が地域化されるにつれ、送電構造を再設計する必要性が生じています。この進化は、複雑で局地的なシステムの要求を満たすことができる柔軟で適応性のあるケーブル・ソリューションの必要性など、新たな課題をもたらしています。中電圧ケーブルは、効率性、耐久性、適応性の適切な組み合わせを提供するため、このような用途に適しています。分散型システムは、多くの場合、変化する負荷条件に素早く適応し、再生可能エネルギーと従来型エネルギーの両方のさまざまなエネルギー源を統合する必要があります。このような複雑な用途には、汎用性のために設計された新しい種類の中電圧ケーブルが必要であり、そのため世界レベルでの市場需要がさらに高まっています。

目次

第1章 序文

第2章 調査範囲と調査手法

  • 調査目的
  • 利害関係者
  • データソース
    • 一次情報
    • 二次情報
  • 市場推定
    • ボトムアップアプローチ
    • トップダウンアプローチ
  • 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

  • 概要
  • 主要産業動向

第5章 中電圧ケーブルの世界市場

  • 市場概要
  • 市場実績
  • COVID-19の影響
  • 市場予測

第6章 市場内訳：電圧別

  • 25kV未満
    • 市場動向
    • 市場予測
  • 26kV～50kV
    • 市場動向
    • 市場予測
  • 51kV～75kV
    • 市場動向
    • 市場予測
  • 76kV～100kV
    • 市場動向
    • 市場予測

第7章 市場内訳：製品別

  • 終端ケーブル
    • 市場動向
    • 市場予測
  • ジョイント
    • 市場動向
    • 市場予測
  • XLPEケーブル
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測

第8章 市場内訳：設置別

  • 地中
    • 市場動向
    • 市場予測
  • 海底
    • 市場動向
    • 市場予測
  • 架空
    • 市場動向
    • 市場予測

第9章 市場内訳：エンドユーザー別

  • 産業
    • 市場動向
    • 市場予測
  • 商業
    • 市場動向
    • 市場予測
  • ユーティリティ
    • 市場動向
    • 市場予測

第10章 市場内訳：地域別

  • 北米
    • 米国
      • 市場動向
      • 市場予測
    • カナダ
      • 市場動向
      • 市場予測
  • アジア太平洋
    • 中国
      • 市場動向
      • 市場予測
    • 日本
      • 市場動向
      • 市場予測
    • インド
      • 市場動向
      • 市場予測
    • 韓国
      • 市場動向
      • 市場予測
    • オーストラリア
      • 市場動向
      • 市場予測
    • インドネシア
      • 市場動向
      • 市場予測
    • その他
      • 市場動向
      • 市場予測
  • 欧州
    • ドイツ
      • 市場動向
      • 市場予測
    • フランス
      • 市場動向
      • 市場予測
    • 英国
      • 市場動向
      • 市場予測
    • イタリア
      • 市場動向
      • 市場予測
    • スペイン
      • 市場動向
      • 市場予測
    • ロシア
      • 市場動向
      • 市場予測
    • その他
      • 市場動向
      • 市場予測
  • ラテンアメリカ
    • ブラジル
      • 市場動向
      • 市場予測
    • メキシコ
      • 市場動向
      • 市場予測
    • その他
      • 市場動向
      • 市場予測
  • 中東・アフリカ地域
    • 市場動向
    • 市場内訳：国別
    • 市場予測

第11章 SWOT分析

  • 概要
  • 強み
  • 弱み
  • 機会
  • 脅威

第12章 バリューチェーン分析

第13章 ポーターのファイブフォース分析

  • 概要
  • 買い手の交渉力
  • 供給企業の交渉力
  • 競合の程度
  • 新規参入業者の脅威
  • 代替品の脅威

第14章 価格分析

第15章 競合情勢

  • 市場構造
  • 主要企業
  • 主要企業のプロファイル
    • ABB Ltd
    • Brugg Cables（Shanghai）Co. Ltd.
    • Eland Cables
    • Hellenic Cables S.A.
    • LS Cable & System（LS Group）
    • Nexans S.A.
    • NKT A/S
    • Prysmian S.p.A.
    • Riyadh Cables
    • Southwire Company LLC
    • Sumitomo Electric Industries Ltd.
    • Synergy Cables
    • TPC Wire & Cable
図表

List of Figures

  • Figure 1: Global: Medium Voltage Cables Market: Major Drivers and Challenges
  • Figure 2: Global: Medium Voltage Cables Market: Sales Value (in Billion US$), 2018-2023
  • Figure 3: Global: Medium Voltage Cables Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 4: Global: Medium Voltage Cables Market: Breakup by Voltage (in %), 2023
  • Figure 5: Global: Medium Voltage Cables Market: Breakup by Product (in %), 2023
  • Figure 6: Global: Medium Voltage Cables Market: Breakup by Installation (in %), 2023
  • Figure 7: Global: Medium Voltage Cables Market: Breakup by End User (in %), 2023
  • Figure 8: Global: Medium Voltage Cables Market: Breakup by Region (in %), 2023
  • Figure 9: Global: Medium Voltage Cables (Up to 25kV) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 10: Global: Medium Voltage Cables (Up to 25kV) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 11: Global: Medium Voltage Cables (26kV-50kV) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 12: Global: Medium Voltage Cables (26kV-50kV) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 13: Global: Medium Voltage Cables (51kV-75kV) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 14: Global: Medium Voltage Cables (51kV-75kV) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 15: Global: Medium Voltage Cables (76kV-100kV) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 16: Global: Medium Voltage Cables (76kV-100kV) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 17: Global: Medium Voltage Cables (Termination Cables) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 18: Global: Medium Voltage Cables (Termination Cables) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 19: Global: Medium Voltage Cables (Joints) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 20: Global: Medium Voltage Cables (Joints) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 21: Global: Medium Voltage Cables (XLPE Cables) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 22: Global: Medium Voltage Cables (XLPE Cables) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 23: Global: Medium Voltage Cables (Other Products) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 24: Global: Medium Voltage Cables (Other Products) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 25: Global: Medium Voltage Cables (Underground) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 26: Global: Medium Voltage Cables (Underground) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 27: Global: Medium Voltage Cables (Submarine) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 28: Global: Medium Voltage Cables (Submarine) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 29: Global: Medium Voltage Cables (Overhead) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 30: Global: Medium Voltage Cables (Overhead) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 31: Global: Medium Voltage Cables (Industrial) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 32: Global: Medium Voltage Cables (Industrial) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 33: Global: Medium Voltage Cables (Commercial) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 34: Global: Medium Voltage Cables (Commercial) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 35: Global: Medium Voltage Cables (Utility) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 36: Global: Medium Voltage Cables (Utility) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 37: North America: Medium Voltage Cables Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 38: North America: Medium Voltage Cables Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 39: United States: Medium Voltage Cables Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 40: United States: Medium Voltage Cables Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 41: Canada: Medium Voltage Cables Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 42: Canada: Medium Voltage Cables Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 43: Asia-Pacific: Medium Voltage Cables Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 44: Asia-Pacific: Medium Voltage Cables Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 45: China: Medium Voltage Cables Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 46: China: Medium Voltage Cables Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 47: Japan: Medium Voltage Cables Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 48: Japan: Medium Voltage Cables Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 49: India: Medium Voltage Cables Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 50: India: Medium Voltage Cables Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 51: South Korea: Medium Voltage Cables Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 52: South Korea: Medium Voltage Cables Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 53: Australia: Medium Voltage Cables Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 54: Australia: Medium Voltage Cables Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 55: Indonesia: Medium Voltage Cables Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 56: Indonesia: Medium Voltage Cables Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 57: Others: Medium Voltage Cables Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 58: Others: Medium Voltage Cables Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 59: Europe: Medium Voltage Cables Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 60: Europe: Medium Voltage Cables Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 61: Germany: Medium Voltage Cables Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 62: Germany: Medium Voltage Cables Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 63: France: Medium Voltage Cables Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 64: France: Medium Voltage Cables Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 65: United Kingdom: Medium Voltage Cables Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 66: United Kingdom: Medium Voltage Cables Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 67: Italy: Medium Voltage Cables Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 68: Italy: Medium Voltage Cables Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 69: Spain: Medium Voltage Cables Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 70: Spain: Medium Voltage Cables Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 71: Russia: Medium Voltage Cables Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 72: Russia: Medium Voltage Cables Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 73: Others: Medium Voltage Cables Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 74: Others: Medium Voltage Cables Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 75: Latin America: Medium Voltage Cables Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 76: Latin America: Medium Voltage Cables Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 77: Brazil: Medium Voltage Cables Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 78: Brazil: Medium Voltage Cables Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 79: Mexico: Medium Voltage Cables Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 80: Mexico: Medium Voltage Cables Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 81: Others: Medium Voltage Cables Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 82: Others: Medium Voltage Cables Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 83: Middle East and Africa: Medium Voltage Cables Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 84: Middle East and Africa: Medium Voltage Cables Market: Breakup by Country (in %), 2023
  • Figure 85: Middle East and Africa: Medium Voltage Cables Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 86: Global: Medium Voltage Cables Industry: SWOT Analysis
  • Figure 87: Global: Medium Voltage Cables Industry: Value Chain Analysis
  • Figure 88: Global: Medium Voltage Cables Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Medium Voltage Cables Market: Key Industry Highlights, 2023 & 2032
  • Table 2: Global: Medium Voltage Cables Market Forecast: Breakup by Voltage (in Million US$), 2024-2032
  • Table 3: Global: Medium Voltage Cables Market Forecast: Breakup by Product (in Million US$), 2024-2032
  • Table 4: Global: Medium Voltage Cables Market Forecast: Breakup by Installation (in Million US$), 2024-2032
  • Table 5: Global: Medium Voltage Cables Market Forecast: Breakup by End User (in Million US$), 2024-2032
  • Table 6: Global: Medium Voltage Cables Market Forecast: Breakup by Region (in Million US$), 2024-2032
  • Table 7: Global: Medium Voltage Cables Market: Competitive Structure
  • Table 8: Global: Medium Voltage Cables Market: Key Players
目次
Product Code: SR112024A6175

The global medium voltage cables market size reached US$ 58.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 89.3 Billion by 2032, exhibiting a growth rate (CAGR) of 4.81% during 2024-2032. The rising transition towards cleaner and more sustainable forms of energy, rapid expansion of infrastructure development activities, the increasing demand for electricity in emerging economies, and an enhanced focus on decentralized energy generation represent some of the factors that are propelling the market.

A medium voltage cable is a specialized electrical conductor designed to transmit energy in the range of 1kV to 35kV. Composed of a conductor, insulation, and protective sheathing, these cables are engineered to offer optimal electrical performance, robustness, and safety. The conductor, typically made of copper or aluminum, serves as the pathway for electrical currents, while the insulation-often of cross-linked polyethylene or ethylene propylene rubber-acts as a barrier against leakage of current and offers resistance to electrical surges. The protective outer sheathing ensures durability and safeguards against mechanical damage and environmental factors.

The global market is primarily driven by the increasing demand for electricity, particularly in emerging economies. In line with this, urbanization is requiring the expansion and upgrade of existing electrical infrastructure, providing an impetus to the market. Moreover, the proliferation of renewable energy projects such as wind and solar farms necessitates robust and reliable electrical transmission solutions, acting as a significant growth-inducing factor. In addition to this, technological advancements in insulation and conductor materials are enhancing cable efficiency and longevity, resulting in higher investment opportunities. The market is further driven by industrial growth, which requires reliable energy transmission systems. Apart from this, higher disposable income levels have led to greater demand for electrical appliances, thereby elevating the need for effective electrical transmission. Some of the other factors contributing to the market include the digital transformation across various sectors, growing investments in public infrastructure, and an enhanced focus on minimizing electrical transmission losses.

Medium Voltage Cables Market Trends/Drivers:

The rising transition towards cleaner and more sustainable forms of energy

The global transition towards cleaner and more sustainable forms of energy is a compelling factor driving the market for medium voltage cables. As countries aim to reduce their carbon footprints and comply with international climate agreements, there is an accelerated shift towards renewable energy sources such as wind, solar, and hydroelectric power. The integration of these renewables into existing power grids demands advanced electrical infrastructure that can handle fluctuating energy outputs, manage distribution, and ensure efficient energy storage. These imperatives significantly heighten the need for high-quality, durable, and efficient cables. As renewable projects often occupy vast tracts of land far from consumption centers, efficient transmission becomes critical. Medium voltage cables fit this requirement effectively by providing a balance between transmission capacity and the infrastructure costs.

The rapid expansion of infrastructure development activities

Infrastructure development, including the rise of smart cities, large-scale transportation networks, and upgraded public utilities, has an outsized influence on the medium voltage cables market. Large public projects typically necessitate a complex web of electrical systems that must meet high standards of reliability, durability, and efficiency. Such requirements are especially critical for essential services like healthcare, public transportation, and emergency response systems, where electrical failure is not an option. The complexity and scale of these projects create a ripple effect, driving the need for specialized cables that can reliably transmit medium-range voltages. In addition, as countries compete for technological and infrastructural supremacy, significant capital is being allocated to these large-scale projects, creating a sustained market for medium voltage cables that meet stringent quality and performance benchmarks.

An enhanced focus on decentralized energy generation

The growing emphasis on decentralized energy generation, such as microgrids and localized renewable energy projects, is another significant market driver. Traditional energy grids are centralized, but with the move towards localized production, there is a compelling need to redesign electrical transmission structures. This evolution brings about new challenges, including the requirement for flexible and adaptable cabling solutions capable of meeting the demands of intricate, localized systems. Medium voltage cables are apt for these applications, as they offer the right mix of efficiency, durability, and adaptability. Decentralized systems often need to quickly adapt to changing load conditions and integrate various energy sources, both renewable and conventional. Such intricacies necessitate a new breed of medium voltage cables engineered for versatility, thus further heightening market demand on a global level.

Medium Voltage Cables Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global medium voltage cables market report, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on voltage, product, installation and end user.

Breakup by Voltage:

Up to 25kV

26kV-50kV

51kV-75kV

76kV-100kV

26kV-50kV represents the largest market segment

The report has provided a detailed breakup and analysis of the market based on the voltage. This includes Up to 25kV, 26kV-50kV, 51kV-75kV, and 76kV-100kV. According to the report, 26kV-50kV represented the largest segment.

The 26kV-50kV segment is primarily driven by the widespread adoption of this voltage range for distribution networks, especially in urban areas. Aging infrastructure and the need for grid modernization also contribute to increased demand for these cables. Governments are increasingly focusing on renewable energy projects, which often utilize cables in this voltage range for efficient energy transmission. Additionally, these cables are popular in commercial applications like shopping centers and large office buildings. The compatibility of this voltage range with a broad spectrum of applications reinforces its major status in the market.

On the other hand, cables in up to 25kV, 51kV-75kV, and 76kV-100kV voltage ranges are generally considered specialty products, often used in specific industrial applications or specialized infrastructure projects. Their limited use in mainstream distribution networks restricts their market reach. Despite the restricted demand, advancements in insulation and conductive materials are making these cables more efficient. Therefore, they continue to find niche applications in the market.

Breakup by Product:

Termination Cables

Joints

XLPE Cables

Others

Termination cables account for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the product. This includes termination cables, joints, XLPE cables, and others. According to the report, termination cables represented the largest segment.

Termination cables are largely used for connecting medium voltage cables to equipment or other segments of a network. They are essential for the seamless functioning of power systems and are seeing rising demand as industries scale and automation increases. Their fire-resistant and robust nature makes them ideal for mission-critical applications like hospitals and data centers. Advanced materials and technology in termination cables are also promoting their use in harsh environmental conditions. Overall, their versatility and importance in connectivity are driving their major share in the market.

On the other hand, joints and XLPE (Cross-Linked Polyethylene) cables play a secondary but essential role in medium voltage systems. They are integral for connecting different cable sections and ensuring seamless transmission. Their market growth is largely dependent on the expansion of the core medium voltage cables market. While they might not represent a major segment, their importance should not be underestimated.

Breakup by Installation:

Underground

Submarine

Overhead

Overhead represents the largest market segment

The report has provided a detailed breakup and analysis of the market based on the installation. This includes underground, submarine, and overhead. According to the report, overhead represented the largest segment.

Overhead cables are commonly used for electrical power transmission and distribution over long distances. The comparatively lower installation costs, coupled with easier maintenance compared to underground or submarine cables, make them popular choices for power utilities. However, weather conditions and natural disasters present a challenge for these types of cables, requiring innovative design solutions for resilience. The push towards rural electrification, especially in developing countries, has also bolstered the demand for overhead cables. Their efficiency in power delivery and lower total cost of ownership contribute to their major market segment status.

On the other hand, underground and submarine cables are generally more expensive to install but offer the advantage of being less susceptible to environmental factors. These cables are mostly used in specialized projects like undersea energy transmission or urban underground networks. The high cost of installation and maintenance limits their extensive adoption, but they are crucial for certain applications.

Breakup by End User:

Industrial

Commercial

Utility

Industrial accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the end user. This includes industrial, commercial, and utility. According to the report, industrial represented the largest segment.

In the industrial sector, cables with medium voltage are indispensable for operations requiring consistent and reliable power supply. The rise of industrial automation and the Internet of Things (IoT) are boosting the demand for these cables in factories and other industrial settings. In addition, they are vital for powering heavy machinery and large-scale industrial applications. Policies promoting industrialization and manufacturing are also contributing to the growth of this segment. Overall, the industrial sector's complex power needs are a major factor in driving demand for these cables.

On the other hand, the commercial and utility segments are influenced by a combination of factors. The expansion of urban areas necessitates an increase in electricity transmission, thereby fueling the product demand. Initiatives to modernize aging electrical infrastructure have led to increased investment in these sectors. The push for renewable energy sources has given rise to new projects that require dependable transmission lines. Technological advancements, such as the development of high-performance insulating materials, contribute to market growth by providing safer and more efficient solutions.

Breakup by Region:

North America

United States

Canada

Asia Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Asia Pacific exhibits a clear dominance, accounting for the largest medium voltage cables market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.

The Asia-Pacific region, encompassing a range of diverse economies from developed nations such as Japan, China, and Singapore to emerging powerhouses such as India, presents a unique landscape for the global market. One of the most significant drivers in the Asia-Pacific region is the ongoing and upcoming infrastructure development projects. These infrastructure developments inevitably require a robust electrical network, bolstering the demand for medium voltage cables that are crucial for power transmission and distribution.

Additionally, favorable government policies and regulations in the Asia-Pacific countries are increasingly favoring renewable energy projects. The government bodies of several countries have set ambitious targets for renewable energy generation, including solar and wind energy projects, which necessitate extensive cabling for connecting these energy sources to the grid. Regulatory support in the form of incentives, subsidies, and favorable tariff policies is also catalyzing the demand for these cables in renewable energy applications.

Furthermore, continual advancements in cable technology, such as increased durability and conductivity, also drive market growth. Innovations in materials science have led to the development of cables that can withstand harsh environmental conditions and are more efficient in electricity transmission. These technological advancements are attracting investments and adoption across various sectors, including utilities and construction.

Competitive Landscape:

The key players are relentlessly focusing on technological advancements to improve cable quality and energy efficiency. They are also investing in R&D to produce more durable and reliable cables with advanced features. To ensure market growth, these industry leaders are forming strategic partnerships and collaborations with regional companies. They are actively pursuing market expansion through mergers, acquisitions, and establishing new production facilities in untapped markets. These companies are also emphasizing customer-centric approaches and are working to offer tailored solutions. To adhere to global regulations, they are increasingly focusing on sustainable production methods and recycling initiatives. In addition, these key players are involved in rigorous quality testing to meet industry standards and consumer expectations.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

ABB Ltd

Brugg Cables (Shanghai) Co. Ltd.

Eland Cables

Hellenic Cables S.A.

LS Cable & System (LS Group)

Nexans S.A.

NKT A/S

Prysmian S.p.A.

Riyadh Cables

Southwire Company LLC

Sumitomo Electric Industries Ltd.

Synergy Cables

TPC Wire & Cable

Recent Developments:

In August 2023, ABB expanded partnership with Northvolt to electrify the world's largest battery recycling facility. This partnership is now being expanded to include battery recycling with ABB providing process electrification to power the world's largest battery recycling facility, Revolt Ett, being established by Northvolt in Skelleftea, northern Sweden.

In April 2023, Brugg Cables successfully completed its first installation of the ERJ Joint in DEWA Dubai, replacing older faulty joints and bringing both reliability and up to 60% cost and time savings compared to traditional repair methods. The milestone follows a previous installation in Transco Abu Dhabi, solidifying the ERJ Joint's reputation for effectively addressing challenges in utility networks.

In August 2023, Hellenic Cables S.A. (segment of Cenergy Holdings) secured a contract with DEME Offshore to supply 66kV inter-array cables for the Eoliennes en Mer Dieppe Le Treport (EMDT) offshore wind farm in France, slated for commissioning in 2026. The company will design, manufacture, and supply the cables and accessories to interconnect the wind turbines with the offshore substation.

Key Questions Answered in This Report

  • 1. What was the size of the global medium voltage cables market in 2023?
  • 2. What is the expected growth rate of the global medium voltage cables market during 2024-2032?
  • 3. What are the key factors driving the global medium voltage cables market?
  • 4. What has been the impact of COVID-19 on the global medium voltage cables market?
  • 5. What is the breakup of the global medium voltage cables market based on the voltage?
  • 6. What is the breakup of the global medium voltage cables market based on the product?
  • 7. What is the breakup of the global medium voltage cables market based on the installation?
  • 8. What is the breakup of the global medium voltage cables market based on the end user?
  • 9. What are the key regions in the global medium voltage cables market?
  • 10. Who are the key players/companies in the global medium voltage cables market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Medium Voltage Cables Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Voltage

  • 6.1 Up to 25kV
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 26kV-50kV
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 51kV-75kV
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 76kV-100kV
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast

7 Market Breakup by Product

  • 7.1 Termination Cables
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Joints
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 XLPE Cables
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast
  • 7.4 Others
    • 7.4.1 Market Trends
    • 7.4.2 Market Forecast

8 Market Breakup by Installation

  • 8.1 Underground
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Submarine
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Overhead
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast

9 Market Breakup by End User

  • 9.1 Industrial
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 Commercial
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast
  • 9.3 Utility
    • 9.3.1 Market Trends
    • 9.3.2 Market Forecast

10 Market Breakup by Region

  • 10.1 North America
    • 10.1.1 United States
      • 10.1.1.1 Market Trends
      • 10.1.1.2 Market Forecast
    • 10.1.2 Canada
      • 10.1.2.1 Market Trends
      • 10.1.2.2 Market Forecast
  • 10.2 Asia-Pacific
    • 10.2.1 China
      • 10.2.1.1 Market Trends
      • 10.2.1.2 Market Forecast
    • 10.2.2 Japan
      • 10.2.2.1 Market Trends
      • 10.2.2.2 Market Forecast
    • 10.2.3 India
      • 10.2.3.1 Market Trends
      • 10.2.3.2 Market Forecast
    • 10.2.4 South Korea
      • 10.2.4.1 Market Trends
      • 10.2.4.2 Market Forecast
    • 10.2.5 Australia
      • 10.2.5.1 Market Trends
      • 10.2.5.2 Market Forecast
    • 10.2.6 Indonesia
      • 10.2.6.1 Market Trends
      • 10.2.6.2 Market Forecast
    • 10.2.7 Others
      • 10.2.7.1 Market Trends
      • 10.2.7.2 Market Forecast
  • 10.3 Europe
    • 10.3.1 Germany
      • 10.3.1.1 Market Trends
      • 10.3.1.2 Market Forecast
    • 10.3.2 France
      • 10.3.2.1 Market Trends
      • 10.3.2.2 Market Forecast
    • 10.3.3 United Kingdom
      • 10.3.3.1 Market Trends
      • 10.3.3.2 Market Forecast
    • 10.3.4 Italy
      • 10.3.4.1 Market Trends
      • 10.3.4.2 Market Forecast
    • 10.3.5 Spain
      • 10.3.5.1 Market Trends
      • 10.3.5.2 Market Forecast
    • 10.3.6 Russia
      • 10.3.6.1 Market Trends
      • 10.3.6.2 Market Forecast
    • 10.3.7 Others
      • 10.3.7.1 Market Trends
      • 10.3.7.2 Market Forecast
  • 10.4 Latin America
    • 10.4.1 Brazil
      • 10.4.1.1 Market Trends
      • 10.4.1.2 Market Forecast
    • 10.4.2 Mexico
      • 10.4.2.1 Market Trends
      • 10.4.2.2 Market Forecast
    • 10.4.3 Others
      • 10.4.3.1 Market Trends
      • 10.4.3.2 Market Forecast
  • 10.5 Middle East and Africa
    • 10.5.1 Market Trends
    • 10.5.2 Market Breakup by Country
    • 10.5.3 Market Forecast

11 SWOT Analysis

  • 11.1 Overview
  • 11.2 Strengths
  • 11.3 Weaknesses
  • 11.4 Opportunities
  • 11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

  • 13.1 Overview
  • 13.2 Bargaining Power of Buyers
  • 13.3 Bargaining Power of Suppliers
  • 13.4 Degree of Competition
  • 13.5 Threat of New Entrants
  • 13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

  • 15.1 Market Structure
  • 15.2 Key Players
  • 15.3 Profiles of Key Players
    • 15.3.1 ABB Ltd
      • 15.3.1.1 Company Overview
      • 15.3.1.2 Product Portfolio
    • 15.3.2 Brugg Cables (Shanghai) Co. Ltd.
      • 15.3.2.1 Company Overview
      • 15.3.2.2 Product Portfolio
    • 15.3.3 Eland Cables
      • 15.3.3.1 Company Overview
      • 15.3.3.2 Product Portfolio
    • 15.3.4 Hellenic Cables S.A.
      • 15.3.4.1 Company Overview
      • 15.3.4.2 Product Portfolio
    • 15.3.5 LS Cable & System (LS Group)
      • 15.3.5.1 Company Overview
      • 15.3.5.2 Product Portfolio
    • 15.3.6 Nexans S.A.
      • 15.3.6.1 Company Overview
      • 15.3.6.2 Product Portfolio
      • 15.3.6.3 Financials
      • 15.3.6.4 SWOT Analysis
    • 15.3.7 NKT A/S
      • 15.3.7.1 Company Overview
      • 15.3.7.2 Product Portfolio
      • 15.3.7.3 Financials
    • 15.3.8 Prysmian S.p.A.
      • 15.3.8.1 Company Overview
      • 15.3.8.2 Product Portfolio
      • 15.3.8.3 Financials
      • 15.3.8.4 SWOT Analysis
    • 15.3.9 Riyadh Cables
      • 15.3.9.1 Company Overview
      • 15.3.9.2 Product Portfolio
    • 15.3.10 Southwire Company LLC
      • 15.3.10.1 Company Overview
      • 15.3.10.2 Product Portfolio
      • 15.3.10.3 SWOT Analysis
    • 15.3.11 Sumitomo Electric Industries Ltd.
      • 15.3.11.1 Company Overview
      • 15.3.11.2 Product Portfolio
      • 15.3.11.3 Financials
      • 15.3.11.4 SWOT Analysis
    • 15.3.12 Synergy Cables
      • 15.3.12.1 Company Overview
      • 15.3.12.2 Product Portfolio
    • 15.3.13 TPC Wire & Cable
      • 15.3.13.1 Company Overview
      • 15.3.13.2 Product Portfolio