The Europe high voltage cable market is anticipated to propel with a 4.41% CAGR by 2032, and is expected to generate $13212.00 million by the end of the assessment years 2023 and 2032.

EUROPE HIGH VOLTAGE CABLE MARKET FORECAST 2023-2032

Europe High Voltage Cable Market by Installation (Overhead, Underground, Submarine) Market by End-user (Industrial (Power Utilities, Oil & Gas, Mining, Chemical & Petrochemical, Other Industrial End-users), Renewable Energy, Infrastructure (Commercial, Residential)) by Geography

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The Europe high voltage cable market is anticipated to propel with a 4.41% CAGR by 2032, and is expected to generate $13212.00 million by the end of the assessment years 2023 and 2032.

The key drivers of the Europe high voltage cable market include the development in emerging countries and the rise in infrastructure activities. Besides, urbanization and industrialization across Europe are surging the demand for electric power. As a result, growth in power demand would result in more power transmission as well as generation, thereby increasing the requirement for high voltage cables. On the other hand, the rapid infrastructural development rate in emerging nations across Europe stimulates high voltage cable deployment to set up robust electrical transmission and connectivity solutions in the region.

Europe High Voltage Cable (HVC) Market

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The Europe high voltage cable market growth assessment entails the analysis of Spain, Sweden, Italy, Poland, Germany, United Kingdom, France, and Rest of Europe. The United Kingdom is driven by the rising demand for low power transfer loss, the simplicity of controlling the active power link, affordable long-distance power transmission solutions, and the potential for bulk power transmission. Further, due to forthcoming development projects motivated by the growing emphasis on international power trading, undersea transmission systems are predicted to expand in the United Kingdom at the quickest rate.

Furthermore, technological developments in the high voltage cable system are anticipated to improve opportunities for the United Kingdom market, in addition to the surge in renewable energy uses. Over the projected period, factors like the rise in offshore wind farms and interconnections between nations via submarine cables are also anticipated to boost demand for undersea high voltage cable systems in the United Kingdom.

Furthermore, according to the Federal Ministry of Economics and Technology, the German electricity system is the most reliable in Europe, with an average annual downtime of 21 minutes. However, some parts of the national grid are already at capacity due to the continually growing amount of electricity that must be transported. Wind power plants occasionally even need to be turned off to prevent overload. Moreover, rising industrial and commercial growth is also expected to propel investments in construction. Also, the growth in income levels and cheap mortgage rates on real estate are credited with the expanding housing market, fostering expansion in the residential sector, and impacting the high voltage cables market.

The Europe high voltage cable market evaluation includes segmentation by end-user and installation. Market by installation includes underground, submarine, and overhead.

Underground high voltage cables are buried beneath the ground’s surface to transmit electricity over long distances with the least amount of power loss. One or more conductors make up underground cables, shielded and properly insulated to prevent mechanical damage and electromagnetic field (EMF) loss. Since these cables are less susceptible to damage from extreme weather conditions, including lightning, wind, heavy rain, and ice, they are often used to replace overhead wires.

Due to its lucrative advantages, the market for underground cables is anticipated to expand in the next years. The underground cables market has witnessed significant growth, owing to advantages such as small voltage drops, less chance of faults, and no visual impact. These cables are favored in highly inhabited areas susceptible to damaging emissions from wires. This has encouraged leading market players to introduce innovative underground cable-related products to broaden their market reach.

Some of the leading players operating in the Europe high voltage cable market are Prysmian Group, NKT Cables, Nexans, and Siemens AG.

Nexans is a publicly held company and is headquartered in Paris, France. It has manufacturing sites in more than 40 countries and distributes its service and solution across the globe. Nexans has 600 patents and one of the strongest R&D in the cable market. It offers its business across four major segments: transmission, distribution & operators power cables for energy infrastructures, industry, distributors & installers, and electrical and winding wires production operations.

Nexans produces reliable underground high voltage cable solutions with synthetic cross-linked polyethylene (XLPE) insulation. The company offers aluminum or copper conductors with lead sheath, copper wire/lead sheath, copper wire/copper sheath, copper wire/aluminum sheath, 69 kV to 500 kV, and up to 5,000 kcmil to meet cable needs. Nexans also produces XLPE-insulated land high voltage cables up to 400 kV.

Report Synopsis

Report Scope

Details
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2021
Forecast UnitsRevenue ($ Million)
Segments AnalyzedInstallation and End-User
Countries AnalyzedUnited Kingdom, Germany, France, Italy, Spain, Sweden, Poland, and Rest of Europe
Companies Analyzed

Dubai Cable Company Pvt Ltd, Finolex Cables, Furukawa Electric Co Ltd, Hitachi Ltd, Nexans, NKT Cables, Prysmian Group, Tele-Fonika Kable SA, Siemens AG, Southwire LLC, Sumitomo Electric Industries Ltd, Synergy Cables Ltd, TBEA Co Ltd, Tratos

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
      • SCOPE OF MARKET
      • CRISIS SCENARIO ANALYSIS
      • MAJOR MARKET FINDINGS
        • RISE IN ONSHORE AND OFFSHORE PROJECTS
        • HIGH-RISE BUILDING CONSTRUCTIONS CREATE SCOPES FOR HVC
    1. MARKET DYNAMICS
      • KEY DRIVERS
        • DEVELOPMENTS IN EMERGING COUNTRIES
        • INCREASE IN INFRASTRUCTURE ACTIVITIES
      • KEY RESTRAINTS
        • VOLATILE PRICES OF METALS
    1. KEY ANALYTICS
      • PARENT MARKET ANALYSIS
      • KEY TECHNOLOGY TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • GROWTH PROSPECT MAPPING
        • UNITED KINGDOM
      • MARKET MATURITY ANALYSIS
      • MARKET CONCENTRATION ANALYSIS
      • KEY BUYING CRITERIA
        • COST
        • PRODUCT FEATURES
        • EFFICIENCY
      • VALUE CHAIN ANALYSIS
        • RAW MATERIALS
        • HVC MANUFACTURES
        • DISTRIBUTORS
        • END-USERS
    1. MARKET BY INSTALLATION
      • OVERHEAD
      • UNDERGROUND
      • SUBMARINE
    2. MARKET BY END-USER
      • INDUSTRIAL
        • POWER UTILITIES
        • OIL & GAS
        • MINING
        • CHEMICAL & PETROCHEMICAL
        • OTHER INDUSTRIAL END-USERS
      • RENEWABLE ENERGY
      • INFRASTRUCTURE
        • COMMERCIAL
        • RESIDENTIAL
    1. GEOGRAPHICAL ANALYSIS
      • EUROPE
        • COUNTRY ANALYSIS
          • UNITED KINGDOM
            • UNITED KINGDOM HIGH VOLTAGE CABLE MARKET SIZE & OPPORTUNITIES
          • GERMANY
            • GERMANY HIGH VOLTAGE CABLE MARKET SIZE & OPPORTUNITIES
          • FRANCE
            • FRANCE HIGH VOLTAGE CABLE MARKET SIZE & OPPORTUNITIES
          • SWEDEN
            • SWEDEN HIGH VOLTAGE CABLE MARKET SIZE & OPPORTUNITIES
          • SPAIN
            • SPAIN HIGH VOLTAGE CABLE MARKET SIZE & OPPORTUNITIES
          • ITALY
            • ITALY HIGH VOLTAGE CABLE MARKET SIZE & OPPORTUNITIES
          • POLAND
            • POLAND HIGH VOLTAGE CABLE MARKET SIZE & OPPORTUNITIES
          • REST OF EUROPE
            • REST OF EUROPE HIGH VOLTAGE CABLE MARKET SIZE & OPPORTUNITIES
    1. COMPETITIVE LANDSCAPE
      • MARKET LEADER BOARD
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS
      • COMPANY PROFILES
        • DUBAI CABLE COMPANY PVT LTD
          • COMPANY DESCRIPTION
          • PRODUCT PORTFOLIO
          • STRENGTHS & CHALLENGES
        • FINOLEX CABLES
          • COMPANY DESCRIPTION
          • PRODUCT PORTFOLIO
        • FURUKAWA ELECTRIC CO LTD
          • COMPANY DESCRIPTION
          • FINANCIAL ANALYSIS
          • PRODUCT PORTFOLIO
          • STRENGTHS & CHALLENGES
        • HITACHI LTD
          • COMPANY DESCRIPTION
          • FINANCIAL ANALYSIS
          • PRODUCT PORTFOLIO
          • STRENGTHS & CHALLENGES
        • NEXANS
          • COMPANY DESCRIPTION
          • PRODUCT PORTFOLIO
          • STRENGTHS & CHALLENGES
        • NKT CABLES
          • COMPANY DESCRIPTION
          • FINANCIAL ANALYSIS
          • PRODUCT PORTFOLIO
          • STRENGTHS & CHALLENGES
        • PRYSMIAN GROUP
          • COMPANY DESCRIPTION
          • PRODUCT PORTFOLIO
          • STRENGTHS & CHALLENGES
        • SIEMENS AG
          • COMPANY DESCRIPTION
          • FINANCIAL ANALYSIS
          • PRODUCT PORTFOLIO
          • STRENGTHS & CHALLENGES
        • SOUTHWIRE LLC
          • COMPANY DESCRIPTION
          • FINANCIAL ANALYSIS
          • PRODUCT PORTFOLIO
          • STRENGTHS & CHALLENGES
        • SUMITOMO ELECTRIC INDUSTRIES LTD
          • COMPANY DESCRIPTION
          • FINANCIAL ANALYSIS
          • PRODUCT PORTFOLIO
          • STRENGTHS & CHALLENGES
        • SYNERGY CABLES LTD
          • COMPANY DESCRIPTION
          • FINANCIAL ANALYSIS
          • PRODUCT PORTFOLIO
          • STRENGTHS & CHALLENGES
        • TBEA CO LTD
          • COMPANY DESCRIPTION
          • PRODUCT PORTFOLIO
        • TELE-FONIKA KABLE SA
          • COMPANY DESCRIPTION
          • PRODUCT PORTFOLIO
        • TRATOS
          • COMPANY DESCRIPTION
          • PRODUCT PORTFOLIO

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – HIGH VOLTAGE CABLE

    TABLE 2: EUROPE HIGH VOLTAGE CABLE MARKET, BY INSTALLATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 3: EUROPE HIGH VOLTAGE CABLE MARKET, BY INSTALLATION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

    TABLE 4: EUROPE HIGH VOLTAGE CABLE MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 5: EUROPE HIGH VOLTAGE CABLE MARKET, BY END-USER, FORECAST YEARS, 2023-2032 (IN $ MILLION)

    TABLE 6: EUROPE HIGH VOLTAGE CABLE MARKET, BY INDUSTRIAL, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 7: EUROPE HIGH VOLTAGE CABLE MARKET, BY INDUSTRIAL, FORECAST YEARS, 2023-2032 (IN $ MILLION)

    TABLE 8: EUROPE HIGH VOLTAGE CABLE MARKET, BY INFRASTRUCTURE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 9: EUROPE HIGH VOLTAGE CABLE MARKET, BY INFRASTRUCTURE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

    TABLE 10: KEY PLAYERS IN EUROPE HIGH VOLTAGE CABLE MARKET

    TABLE 11: EUROPE HIGH VOLTAGE CABLE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 12: EUROPE HIGH VOLTAGE CABLE MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

    TABLE 13: EUROPE HIGH VOLTAGE CABLE MARKET REGULATORY FRAMEWORK

    TABLE 14: KEY PLAYERS IN EUROPE HIGH VOLTAGE CABLE MARKET

    TABLE 15: LIST OF MERGERS & ACQUISITIONS

    TABLE 16: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 17: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 18: LIST OF BUSINESS EXPANSIONS

    LIST OF FIGURES

    FIGURE 1: SCOPE OF MARKET

    FIGURE 2: INTENSITY OF THE DRIVERS & RESTRAINTS

    FIGURE 3: KEY TECHNOLOGY TRENDS

    FIGURE 4: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 5: GROWTH PROSPECT MAPPING- UNITED KINGDOM

    FIGURE 6: MARKET MATURITY

    FIGURE 7: MARKET CONCENTRATION ANALYSIS

    FIGURE 8: KEY BUYING CRITERIA

    FIGURE 9: VALUE CHAIN ANALYSIS

    FIGURE 10: EUROPE HIGH VOLTAGE CABLE MARKET, GROWTH POTENTIAL, BY INSTALLATION, IN 2022

    FIGURE 11: EUROPE HIGH VOLTAGE CABLE MARKET, BY OVERHEAD, 2023-2032 (IN $ MILLION)

    FIGURE 12: EUROPE HIGH VOLTAGE CABLE MARKET, BY UNDERGROUND, 2023-2032 (IN $ MILLION)

    FIGURE 13: EUROPE HIGH VOLTAGE CABLE MARKET, BY SUBMARINE, 2023-2032 (IN $ MILLION)

    FIGURE 14: EUROPE HIGH VOLTAGE CABLE MARKET, GROWTH POTENTIAL, BY END-USER, IN 2022

    FIGURE 15: EUROPE HIGH VOLTAGE CABLE MARKET, BY INDUSTRIAL, 2023-2032 (IN $ MILLION)

    FIGURE 16: EUROPE HIGH VOLTAGE CABLE MARKET, GROWTH POTENTIAL, BY INDUSTRIAL, IN 2022

    FIGURE 17: EUROPE HIGH VOLTAGE CABLE MARKET, BY POWER & UTILITIES, 2023-2032 (IN $ MILLION)

    FIGURE 18: EUROPE HIGH VOLTAGE CABLE MARKET, BY OIL & GAS, 2023-2032 (IN $ MILLION)

    FIGURE 19: EUROPE HIGH VOLTAGE CABLE MARKET, BY MINING, 2023-2032 (IN $ MILLION)

    FIGURE 20: EUROPE HIGH VOLTAGE CABLE MARKET, BY CHEMICAL & PETROCHEMICAL, 2023-2032 (IN $ MILLION)

    FIGURE 21: EUROPE HIGH VOLTAGE CABLE MARKET, BY OTHER INDUSTRIAL END-USERS, 2023-2032 (IN $ MILLION)

    FIGURE 22: EUROPE HIGH VOLTAGE CABLE MARKET, BY RENEWABLE ENERGY, 2023-2032 (IN $ MILLION)

    FIGURE 23: EUROPE HIGH VOLTAGE CABLE MARKET, BY INFRASTRUCTURE, 2023-2032 (IN $ MILLION)

    FIGURE 24: EUROPE HIGH VOLTAGE CABLE MARKET, GROWTH POTENTIAL, BY INFRASTRUCTURE, IN 2022

    FIGURE 25: EUROPE HIGH VOLTAGE CABLE MARKET, BY COMMERCIAL, 2023-2032 (IN $ MILLION)

    FIGURE 26: EUROPE HIGH VOLTAGE CABLE MARKET, BY RESIDENTIAL, 2023-2032 (IN $ MILLION)

    FIGURE 27: EUROPE HIGH VOLTAGE CABLE MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

    FIGURE 28: UNITED KINGDOM HIGH VOLTAGE CABLE MARKET, 2023-2032 (IN $ MILLION)

    FIGURE 29: GERMANY HIGH VOLTAGE CABLE MARKET, 2023-2032 (IN $ MILLION)

    FIGURE 30: FRANCE HIGH VOLTAGE CABLE MARKET, 2023-2032 (IN $ MILLION)

    FIGURE 31: SWEDEN HIGH VOLTAGE CABLE MARKET, 2023-2032 (IN $ MILLION)

    FIGURE 32: SPAIN HIGH VOLTAGE CABLE MARKET, 2023-2032 (IN $ MILLION)

    FIGURE 33: ITALY HIGH VOLTAGE CABLE MARKET, 2023-2032 (IN $ MILLION)

    FIGURE 34: POLAND HIGH VOLTAGE CABLE MARKET, 2023-2032 (IN $ MILLION)

    FIGURE 35: REST OF EUROPE HIGH VOLTAGE CABLE MARKET, 2023-2032 (IN $ MILLION)       

    1. GEOGRAPHICAL ANALYSIS
      • EUROPE
        • COUNTRY ANALYSIS
          • UNITED KINGDOM
            • UNITED KINGDOM HIGH VOLTAGE CABLE MARKET SIZE & OPPORTUNITIES
          • GERMANY
            • GERMANY HIGH VOLTAGE CABLE MARKET SIZE & OPPORTUNITIES
          • FRANCE
            • FRANCE HIGH VOLTAGE CABLE MARKET SIZE & OPPORTUNITIES
          • SWEDEN
            • SWEDEN HIGH VOLTAGE CABLE MARKET SIZE & OPPORTUNITIES
          • SPAIN
            • SPAIN HIGH VOLTAGE CABLE MARKET SIZE & OPPORTUNITIES
          • ITALY
            • ITALY HIGH VOLTAGE CABLE MARKET SIZE & OPPORTUNITIES
          • POLAND
            • POLAND HIGH VOLTAGE CABLE MARKET SIZE & OPPORTUNITIES
          • REST OF EUROPE
            • REST OF EUROPE HIGH VOLTAGE CABLE MARKET SIZE & OPPORTUNITIES
    1. MARKET BY INSTALLATION
      • OVERHEAD
      • UNDERGROUND
      • SUBMARINE
    2. MARKET BY END-USER
      • INDUSTRIAL
        • POWER UTILITIES
        • OIL & GAS
        • MINING
        • CHEMICAL & PETROCHEMICAL
        • OTHER INDUSTRIAL END-USERS
      • RENEWABLE ENERGY
      • INFRASTRUCTURE
        • COMMERCIAL
        • RESIDENTIAL

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