Asia Pacific High Voltage Cable Market Growth Opportunities and Forecast by 2027

Historic Data: 2016-2017 | Base Year: 2018 | Forecast Period: 2019-2027

Asia Pacific High Voltage Cable Market to 2027 - Regional Analysis and Forecasts by Type (Overhead, Underground and Submarine); & End User (Industrial, Renewable and Infrastructure)

Report Date : Oct 2019
Report Code : TIPRE00007120

Category : Electronics and Semiconductor
Status : Published

Available Report Formats :
No. of Pages : 145

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The high voltage cable market in Asia Pacific is expected to grow from US$ 10.11 Bn in 2018 to US$ 18.33 Bn by the year 2027 with a CAGR of 7.2% from the year 2019 to 2027.

A smart grid refers to the integration of digital technology in the electricity delivery system to enhance its reliability, efficiency, and flexibility. In the coming years, the smart grid technologies are expected to become an integral part of electricity systems all over the world. Various government and private organizations are conducting R&D pertaining to these technologies to ensure maximum asset utilization through the integration of digital technologies and modernization of traditional electricity systems. In many developed and developing countries, electric grids are neither maintained nor upgraded regularly, which results in operational inefficiencies and loss of a large amount of power during transmission. The integrated electricity systems result in efficient distribution of electricity and save a substantial amount of cost through efficient asset utilization. Smart grid technologies are anticipated to play a crucial role in achieving integrated electricity systems.

China, Japan, India, South Korea, and Rest of APAC are the major contributors to the high-voltage cable market in APAC. The Rest of APAC includes countries such as Australia, Indonesia, Thailand, Singapore, and Malaysia. Power demands are expected to rise in this region majorly due to urbanization, industrialization, offshore renewable energy farms, offshore oil and gas fields, power infrastructure development, and remote area electrification, among other factors.

The high voltage cable market is segmented on the basis of end user into industrial, renewable energy, and infrastructure. During the forecast period of 2019 to 2027, the industrial high voltage cable is anticipated to be the largest contributor in the high voltage cable market. However, the Infrastructure end user segment is projected to be the fastest-growing type with the highest CAGR over the forecast period.

As per the Renewable Energy Policy Network of the 21st Century (REN21), in 2017, China announced that it will invest ~US$ 360 billion in renewable energy by 2020. Besides this, continuous infrastructure development and remote area electrification will support the high-voltage cable market growth in China. Hence, increasing industrialization, rising population, expanding renewable power generation, and offshore oil & gas rigs, among other factors, are expected to drive the demand for high-voltage cables in China during the forecast period. The above-mentioned factors are, therefore, contributing to the growth of the high voltage cable market in the country. Cables are used in various applications, such as power transmission, utilities, industries, nuclear power stations, thermal power stations, renewable energy plants, railways, and airports. The figure given below highlights the revenue share of the Mexico in the high voltage cable market in the forecast period:

Rest of APAC High Voltage Cable Market Revenue and Forecasts to 2027 (US$ Mn)

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

ASIA PACIFIC HIGH VOLTAGE CABLE MARKET SEGMENTATION

By Type

Overhead
Underground
Underground

By End User

Industrial
- Power Utilities
- Oil & Gas
- Mining
- Chemical & petrochemicals
- Others
Renewable Energy
- Wind Power
- Hydropower
- Others
Infrastructure
- Commercial
- Industrial

By Country

China
Japan
South Korea
India
Rest of APAC

High Voltage Cable Market - Companies Mentioned

Dubai Cable Company – Ducab
Furukawa Electric Co., Ltd.
Nexans SA
NKT A/S
Prysmian Group (General Cable Corporation)
Siemens AG
Southwire Company, LLC
Sumitomo Electric Industries, Ltd.
TELE-FONIKA Kable SA (TF Kable)
ZTT Group

Asia Pacific High Voltage Cable Report Scope

Report Attribute	Details
Market size in 2018	US$ 10.11 Billion
Market Size by 2027	US$ 18.33 Billion
Global CAGR (2019 - 2027)	7.2%
Historical Data	2016-2017
Forecast period	2019-2027
Segments Covered	By Type Overhead Underground and Submarine By End User Industrial Renewable and Infrastructure
Regions and Countries Covered	Asia-Pacific China India Japan Australia Rest of Asia-Pacific
Market leaders and key company profiles	Dubai Cable Company - Ducab Furukawa Electric Co., Ltd. Nexans SA NKT A/S Prysmian Group (General Cable Corporation) Siemens AG Southwire Company, LLC Sumitomo Electric Industries, Ltd. TELE-FONIKA Kable SA (TF Kable)

Research Manager

Naveen Chittaragi

Associate Vice President,
Market Research & Consulting

Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

What are the Asia Pacific High Voltage Cable Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

Asia Pacific High Voltage Cable Market Report Snapshots

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