South America Medium Voltage Cable Market is expected to reach US$ 1,866.5 million by 2027

Overhead Cables and Accessories Segment to Dominate SAM Medium Voltage Cable Market during 2019–2027            

According to The Insight Partners market research study on “SAM Medium Voltage Cable Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Installation Type and End-Users,” is expected to reach US$ 1,866.5 million by 2027 from US$ 1,399.9 million in 2019. The market is estimated to grow at a CAGR of 4.85 % from 2020 to 2027. The report provides trends prevailing in the SAM medium voltage cable market along with the drivers and restraints pertaining to the market growth. Escalating urbanization and industrialization and refinement in the cable technology are the major factor driving the growth of the SAM medium voltage cable market. However, vast fake cable market hinders the growth of SAM medium voltage cable market. 

In case of COVID-19, SAM is highly affected specially the Brazil which has the highest number of COVID-19 cases, followed by Peru, Chile, and Argentina, among others. The government of SAM countries has taken an array of actions to protect its citizens and contain COVID-19’s spread. The containment protocols have been implemented for the construction sector to ensure the safety of construction workers. However, some of the new protocols and restrictions require construction to continue if the project is considered critical. For instance, in Panama, the president placed an executive mandate to stop all construction for 30 days. In Chile, CODELCO stopped all projects and started reviewing all construction contracts individually to identify the next steps to follow. The coronavirus spread has resulted in the slowdown of the region's construction industry, which has negatively affected the growth of medium voltage cable in the region.

The SAM medium voltage cable market is segmented based on installation type, end-users, and country. The installation type segment is further categorized into underground cable and assemblies, overhead cable and accessories, and submarine cables and accessories. The overhead cable and accessories segment dominated the market and is expected to witness the highest growth during the forecast period. The overhead cables are less expensive, easy to deploy, and require less maintenance. Thus, their deployment is high, wherein cost is a major factor for contractors is predominant. Growth of submarine segment is propelled by the rising deployment of submarine cables in off-shore projects across SAM. By end-users, market is segmented into the oil and gas, energy and power, mining, manufacturing, transportation, commercial, and residential. The energy and power segment holds the largest market share in 2019 owing to rising investments in electricity distribution and development of smart grids as well as renewable energy plants. The transportation segment is expected to be fastest growing during forecast period. 

Alpha Wire; Furukawa Electric Co. Ltd.; General Cable Technologies Corporation; LEONI AG; LS Cable & System Ltd.; Nexans; Sumitomo Electric Industries, Ltd. are among the leading companies in the SAM medium voltage cable market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Sumitomo Electric Industries, Ltd. realizes the world's first mass production of an optical fiber having an ultra-low transmission loss of 0.14 dB/km. The company will start its commercial supply in January 2021. Optical fiber serves as a backbone infrastructure supporting global information and communication society. In order to meet the exponential increase of telecommunication traffics due to the explosive expansion of service demands including cloud storage and 5G mobile communication network, it is essential to increase the transmission capacity of optical communication systems. Therefore, an improvement in the optical fiber performance including transmission loss reduction is highly anticipated.    

SAM Medium Voltage Cable Market – By Installation Type

• Overhead Cables and Accessories
• Underground Cables and Assemblies
• Submarine Cables and Accessories

SAM Medium Voltage Cable Market – By End-Users

• Oil and Gas
• Energy and Power
• Mining
• Manufacturing
• Transportation
• Commercial                       
• Residential

SAM Medium Voltage Cable Market – By Country

• Brazil
• Argentina
• Rest of SAM