A comprehensive analysis of the current trends and future estimations for the global high voltage cable market is provided.

Portland, OR -- (SBWire) -- 02/17/2018 --Global High Voltage Cables Market is expected to garner $47.1 billion by 2022, registering a CAGR of 6.7% during the forecast period 2016 - 2022. High Voltage cable (HVC) is used for electric power transmission at high voltage over long distances to meet the electricity demand at the respective loads. High voltage cable (HVC) is used for electric power transmission at high voltages over long distances to meet the electricity demand at the respective loads.

The ongoing industrialization and urbanization in developing countries, such as China, Japan, and India, act as major growth drivers for the market. Moreover, increased number of renewable energy projects, such as wind and solar power plants, have supplemented the growth of the HVC market. Furthermore, these cables offer the advantages of presence of additional insulation jacket that minimizes power loss, and enhanced stability in comparison to other cables.

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Prominent strategies, such as expansion, product launch, acquisition, partnership & collaboration, and agreements, are adopted by leading market players as an effort to expand their product offerings and widen their market reach. The corporate profiles of the prominent players, such as, ABB, Prysmian Group, Nexans, NKT cables, and General Cable Technologies Corporation, are analyzed in the report in an effort to gain an insight into their performance and developments.

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This report studies the high voltage cable market by type, end user, and geography. Based on type, the market is divided into overhead, underground, and submarine cables. On the basis of end user, the market is divided into industrial (oil & gas, mining, power utilities, chemical & petrochemical, and others), renewable (wind, hydropower, and others), and infrastructure (commercial and residential). On the basis of geography, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. The North American market is further segmented into countries such as U.S., Mexico, and Canada.

HIGH VOLTAGE CABLE MARKET SEGMENTATION

By Type

-Overhead
-Underground
-Submarine

By End-Users

-Industrial
-Renewable energy
-Infrastructure