Global Medium Voltage Cable Market Size, Forecasts, And Opportunities – Includes Medium Voltage Cable Market Segmentation
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The global medium voltage cable market is expected to grow from $27.86 billion in 2021 to $29.58 billion in 2022 at a compound annual growth rate (CAGR) of 6.2%. The global medium voltage cable market size is expected to grow to $39.12 billion in 2026 at a CAGR of 7.2%.
The rising electricity demand drove the market for medium voltage cables in the historical period.
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The medium voltage cable market consists of sales of medium voltage cable by entities (organizations, sole traders, and partnerships) that have a voltage rating of between 1000V and 30KV. Medium voltage cables are made of an aluminium or copper conductor and a conductor shield composed of semiconductor material. These cables are generally used in mobile substation equipment, distributing power in industrial settings, supplying power to trains and metro lines, among others.
Global Medium Voltage Cable Market Segments Include:
By Product: Termination Cables, Joints, Cross-Linked Polyethylene (XLPE) Cables, Others
By Voltage: Up to 25kV, 26kV-50kV, 51kV-75kV, 76kV-100kV
By Installation: Underground, Submarine, Overhead
By Application: Industrial, Commercial, Utility
By End Users: Oil and Gas, Energy and Power, Mining, Manufacturing, Transportation, Commercial, Residential
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific is the largest region in the global medium voltage cable market in 2021.
Technological innovations are shaping the medium voltage cable market. Companies in the medium voltage cables market are focusing on the development of eco-friendly products.
TBRC’s medium voltage cable market report covers:
Major Market Players: Brugg Kabel AG, Cablel, Leoni AG, Nexans, NKT A/S, Prysmian Group, Southwire Company LLC, Sumitomo Electric Industries, TPC Wire And Cable Corp, General Cable Technologies Corporation, Riyadh Cables Group Company, Jiangnan Group, Tratos Cavi SpA, Universal Cables Ltd., and Synergy Cables.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Medium Voltage Cable Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides medium voltage cable market overviews, analyzes and forecasts market size, share, medium voltage cable market players, medium voltage cable market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s medium voltage cable market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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