North America High Voltage Cable Market to 2027 - Regional Analysis and Forecasts by Type (Overhead, Underground and Submarine); & End User (Industrial, Renewable and Infrastructure)
Publication Month: Oct 2019
Report Code: TIPRE00007122 No. of Pages: 137 Category: Electronics and Semiconductor Status: Published
The high voltage cable market in North America is expected to grow from US$ 5.09 Bn in 2018 to US$ 7.92 Bn by the year 2027 with a CAGR of 5.3% from the year 2019 to 2027.
Driving factors such as the rising economic growth, increasing industrialization around the world, and increasing demand for modern grid structure is propelling the growth of the high voltage cable market. The key factors that drive the growth of the HVC market are: growth of offshore wind farms and modern grid infrastructure in order to increase the electrification rate across the developing nations. On the other hand, the volatile metal prices of copper and aluminum limit the growth of the market. A rising demand of electricity across North American market is expected to encourage these regions to enhance their grid infrastructure, which is a key factor for the growth of the HVC market.
The availability of a wide variety of high voltage cables to fulfill the requirements of several industries are further fuelling the growth of the North America high voltage cable market. During a past few years, the popularity of renewable energy is growing at an impressive rate globally, thereby attracting the attention of power generation companies to the corresponding resources. According to International Renewable Energy Agency (IRENA) estimates, the overall renewable power capacity reached around 2,351 GW globally by the end of 2018, with a year-on-year growth rate of 7–8% in 2018. Solar and wind power contributed 24% and 20%, respectively, to the overall renewable power capacity. During the past few years, the addition of renewable power plants has outnumbered net fossil and nuclear power capacity installations worldwide. The renewable energy has grabbed ~33% share of the world’s total installed power capacity. As of 2018, more than 90 countries around the world have installed renewable generating capacity of around 1 GW or more, including 30 countries with 10 GW generation capacity. The US is one of a major country in investing towards renewable energy generation industry.
The high voltage cable market is segmented on the basis of type into overhead, underground, and submarine. During the forecast period of 2019 to 2027, the Underground high voltage cable is anticipated to be the largest contributor in the high voltage cable market. However, the submarine high voltage cable is projected to be the fastest-growing type with the highest CAGR over the forecast period.
The US dominated the high voltage cable market in 2018 and is expected to dominate the market with the highest share in the North America region through the forecast period. The US market is characterized by some of the renowned oil & gas companies. Natural Gas is an abundant resource available in the country, and the natural gas extraction has witnessed higher growth in recent times owing to the depleting petroleum resources. The US is one of the prominent oil producers around the globe and has several oil & gas rigs remotely located at its borders. The demand for transporting the electricity to offshore oil & gas rigs and wind/solar farms is also soaring, thereby, increasing the deployment of high-voltage cables. Hence, with rising investments in renewable power generation capacity, smart grid technology, and offshore power projects, the overall demand for high-voltage cables is projected to grow at an impressive rate during the forecast period. As per NEXANS, offshore wind farms in the US would be capable of generating ~4.7 GW of power by 2027. The above-mentioned factors are, therefore, contributing to the growth of the high voltage cable market in the country. The figure given below highlights the revenue share of the Mexico in the high voltage cable market in the forecast period:
Exhibit: Mexico High Voltage Cable Market Revenue and Forecasts to 2027 (US$ Mn)
NORTH AMERICA 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
- US
- Canada
- Mexico
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
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 High Voltage Cables Market, by Type
1.3.2 High Voltage Cables Market, by End User
1.3.3 High Voltage Cable Market, by North America
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. High Voltage Cable Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.3 Porter’s Five Forces Analysis
4.3.1 Porter’s five forces analysis
4.3.2 Bargaining Power of Suppliers
4.3.3 Bargaining Power of Buyers
4.3.4 Threat of New Entrants
4.3.5 Threat of Substitutes
4.3.6 Rivalry Among Existing Competitors
5. High-Voltage Cable Market – Key Industry Dynamics
5.1 Drivers
5.1.1 An upsurge in the demand of electricity owing to economic and industrial developments
5.1.2 Significant investments in renewable power generation
5.2 Restraints
5.2.1 Volatile prices of conductor materials
5.3 Opportunities
5.3.1 Booming smart grid technology
5.4 Future Trends
5.4.1 Rising demand for power in offshore and remote areas
5.5 Impact Analysis of Drivers and Restraints
6. High-Voltage Cable Market – North America Market Analysis
6.1 Overview
6.2 North America High-Voltage Cable Market Forecast And Analysis
7. High-Voltage Cables Market Analysis – By Type
7.1 Overview
7.2 High-Voltage Cables Market Breakdown, By Type, 2018 & 2027
7.3 Overhead High-Voltage Cables
7.3.1 Overview
7.3.2 Overhead High-Voltage Cables Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 Underground High-Voltage Cables
7.4.1 Overview
7.4.2 Underground High-Voltage Cables Market Revenue and Forecasts to 2027 (US$ Mn)
7.5 Submarine High-Voltage Cables Market
7.5.1 Overview
7.5.2 Submarine High-Voltage Cables Market Revenue and Forecasts to 2027 (US$ Mn)
8. High Voltage Cables Market Analysis – By End User
8.1 Introduction
8.2 High Voltage Cable Market Breakdown, By End User, 2018 & 2027
8.3 Industrial High Voltage Cables Market
8.3.1 Overview
8.3.2 Industrial High Voltage Cables Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Renewable Energy High Voltage Cables Market
8.4.1 Overview
8.4.2 Renewable Energy High Voltage Cables Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Infrastructure High Voltage Cables Market
8.5.1 Overview
8.5.2 Infrastructure High Voltage Cables Market Revenue and Forecasts to 2027 (US$ Mn)
9. North America High Voltage Cable Market – Country Analysis
9.1 Overview
9.1.1 North America High-Voltage Cable Market Breakdown, By Country
9.1.1.1 US High-Voltage Cable Market Revenue and Forecasts to 2027 (US$ MN)
9.1.1.1.1 US High-Voltage Cable Market Breakdown, By Type
9.1.1.1.2 US High-Voltage Cable Market Breakdown, By End User
9.1.1.2 Canada High-Voltage Cable Market Revenue and Forecasts to 2027 (US$ MN)
9.1.1.2.1 Canada High-Voltage Cable Market Breakdown, By Type
9.1.1.2.2 Canada High-Voltage Cable Market Breakdown, By End User
9.1.1.3 Mexico High-Voltage Cable Market Revenue and Forecasts to 2027 (US$ MN)
9.1.1.3.1 Mexico High-Voltage Cable Market Breakdown, By Type
9.1.1.3.2 Mexico High-Voltage Cable Market Breakdown, By End User
10. High-Voltage Cable - Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Merger and Acquisition
10.4 New Development
11. Company Profiles
11.1 Dubai Cable Company - Ducab
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Furukawa Electric Co., Ltd.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Nexans SA
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 NKT A/S
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Prysmian Group (General Cable Corporation)
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Siemens AG
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Southwire Company, LLC
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Sumitomo Electric Industries, Ltd.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 TELE-FONIKA Kable SA (TF Kable)
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 ZTT group
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary
LIST OF TABLES
Table 1. North America High-Voltage Cable Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. North America High Voltage Cable Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 3. North America High Voltage Cable Market Revenue and Forecast to 2027 – By End User (US$ Mn)
Table 4. North America Industrial High-Voltage Cable Market Revenue and Forecast To 2027 (US$ Mn)
Table 5. Renewable High-Voltage Cable Market Revenue and Forecast To 2027 (US$ Mn)
Table 6. Infrastructure High-Voltage Cable Market Revenue and Forecast To 2027 (US$ Mn)
Table 7. US High-Voltage Cable Market Revenue and Forecast To 2027 – By Type (US$ Mn)
Table 8. US High-Voltage Cable Market Revenue and Forecast To 2027 – By End User (US$ Mn)
Table 9. US High-Voltage Cable Market Revenue and Forecast To 2027, By Industrial (US$ Mn)
Table 10. US High-Voltage Cable Market Revenue and Forecast To 2027, By Renewable (US$ Mn)
Table 11. US High-Voltage Cable Market Revenue and Forecast To 2027, By Infrastructure (US$ Mn)
Table 12. Canada High-Voltage Cable Market Revenue and Forecast To 2027 – By Type (US$ Mn)
Table 13. Canada High-Voltage Cable Market Revenue and Forecast To 2027 – By End User (US$ Mn)
Table 14. Canada High-Voltage Cable Market Revenue and Forecast To 2027, By Industrial (US$ Mn)
Table 15. Canada High-Voltage Cable Market Revenue and Forecast To 2027, By Renewable (US$ Mn)
Table 16. Canada High-Voltage Cable Market Revenue and Forecast To 2027, By Infrastructure (US$ Mn)
Table 17. Mexico High-Voltage Cable Market Revenue and Forecast To 2027 – By Type (US$ Mn)
Table 18. Mexico High-Voltage Cable Market Revenue and Forecast To 2027 – By End User (US$ Mn)
Table 19. Mexico High-Voltage Cable Market Revenue and Forecast To 2027, By Industrial (US$ Mn)
Table 20. Mexico High-Voltage Cable Market Revenue and Forecast To 2027, By Renewable (US$ Mn)
Table 21. Mexico High-Voltage Cable Market Revenue and Forecast To 2027, By Infrastructure (US$ Mn)
Table 22. Glossary of Terms, High Voltage Cable
LIST OF FIGURES
Figure 1. North America High Voltage Cable Market Segmentation
Figure 2. North America Segmentation High Voltage Cable Market
Figure 3. North America High Voltage Cable Market Overview
Figure 4. Underground Cable Type Segment held the Largest Share in the North America High Voltage Cable Market
Figure 5. Industrial End-User Segment Held the Largest Share in the North America High Voltage Cable Market
Figure 6. Ecosystem Analysis, High Voltage Cable Market
Figure 7. North America High-Voltage Cable Market Impact Analysis of Drivers and Restraints
Figure 8. North America High-Voltage Cable Market Forecast And Analysis, (US$ Mn)
Figure 9. High-Voltage Cables Market Breakdown, By Type, 2018 & 2027 (%)
Figure 10. Overhead High Voltage Cables Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 11. Underground High Voltage Cables Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 12. North America High-Voltage Cable Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 13. High Voltage Cable Market Breakdown, By End User, 2018 & 2027 (%)
Figure 14. Industrial High Voltage Cables Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 15. Renewable Energy High Voltage Cables Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 16. Infrastructure High Voltage Cables Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 17. North America High-Voltage Cable Market Breakdown, by Country, 2018 & 2027(%)
Figure 18. The US High-Voltage Cable Market Revenue and Forecasts to 2027 (US$ MN)
Figure 19. US High-Voltage Cable Market, Breakdown, by Type, 2018 & 2027 (%)
Figure 20. US High-Voltage Cable Market Breakdown, by End User, 2018 & 2027 (%)
Figure 21. Canada High-Voltage Cable Market Revenue and Forecasts to 2027 (US$ MN)
Figure 22. Canada High-Voltage Cable Market, Breakdown, by Type, 2018 & 2027 (%)
Figure 23. Canada High-Voltage Cable Market Breakdown, by End User, 2018 & 2027 (%)
Figure 24. Mexico High-Voltage Cable Market Revenue and Forecasts to 2027 (US$ MN)
Figure 25. Mexico High-Voltage Cable Market, Breakdown, by Type, 2018 & 2027 (%)
Figure 26. Mexico High-Voltage Cable Market Breakdown, by End User, 2018 & 2027 (%)
The List of Companies
- 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
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America high voltage cable market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the North America high voltage cable market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.