South America Medium Voltage Cable Market Size and Competitive Analysis by 2027
Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027South America Medium Voltage Cable Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Installation Type (Overhead Cables and Accessories, Underground Cables and Assemblies, and Submarine Cables and Accessories) and End-Users (Oil and Gas, Energy and Power, Mining, Manufacturing, Transportation, Commercial, and Residential)
- Report Date : Feb 2021
- Report Code : TIPRE00019068
- Category : Electronics and Semiconductor
- Status : Published
- Available Report Formats :
- No. of Pages : 119
The SAM medium voltage cable market is expected to grow from US$ 1,399.9 million in 2019 to US$ 1,866.5 million by 2027; it is estimated to grow at a CAGR of 4.85 % from 2020 to 2027.
The Brazil and Argentina are major economies in SAM. Escalating urbanization and industrialization in SAM region is expected to upsurge the SAM medium voltage cable market. Growth in industrialization, particularly in the SAM developing economies, has created an ever increasing need for energy generation, transmission, and distribution. This has significantly propelled the demand for medium voltage cables. Further, industrialization has resulted in growth of urbanization in these countries as it created economic growth as well as job opportunities, which is driving people to relocate to cities. With the growth in urban population, there is an increase in investments to meet the challenges concerning need for housing, energy distribution, transportation, and other infrastructure. Moreover, urbanization and industrialization have also resulted in increased demand for basic facilities, such as education and healthcare. To meet these challenges, several governments across SAM have laid down initiatives to meet shortages in the basic infrastructure and housing sector. Since medium voltage cables are vital component of electricity transmission and distribution, the above mentioned factors are anticipated to significantly boost the growth of the SAM medium voltage cable market. Other factors such as advancement in cable technology is also expected to increase the demand of medium voltage cable, driving the SAM medium voltage cable market during forecast period.
Further, 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.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the SAM medium voltage cable market. The SAM medium voltage cable market is expected to grow at a good CAGR during the forecast period.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
SAM Medium Voltage Cable Market Segmentation
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
SAM Medium Voltage Cable Market -Companies Mentioned
- Alpha Wire
- Furukawa Electric Co. Ltd.
- General Cable Technologies Corporation
- LEONI AG
- LS Cable & System Ltd.
- Nexans
- Sumitomo Electric Industries, Ltd
South America Medium Voltage Cable Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 1,399.9 Million |
| Market Size by 2027 | US$ 1,866.5 Million |
| Global CAGR (2020 - 2027) | 4.85 % |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Installation Type
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
- 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
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- Alpha Wire
- Furukawa Electric Co. Ltd.
- General Cable Technologies Corporation
- LEONI AG
- LS Cable & System Ltd.
- Nexans
- Sumitomo Electric Industries, Ltd.
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