GLOBAL HIGH VOLTAGE CABLE (HVC) MARKET FORECAST 2020-2028

  • You are here:
  • Home
  • Reports
  • GLOBAL HIGH VOLTAGE CABLE (HVC) MARKET FORECAST 2020-2028

GLOBAL HIGH VOLTAGE CABLE (HVC) MARKET FORECAST 2020-2028

Inkwood Research estimates that the global high voltage cable (HVC) market is estimated to grow with an anticipated CAGR of 5.27% during the forecast years, and harbor a revenue share of $24.52 billion by 2028. The base year considered for the market study is 2019, and the forecast period is between 2020 to 2028. Industrialization in emerging countries is among the major factors promoting the global high voltage cable market (HVC) growth.

GLOBAL HIGH VOLTAGE CABLE (HVC) MARKET FORECAST 2020-2028

Global High Voltage Cable (HVC) Market by Installation (Overhead, Underground, Submarine) by End-user (Industrial (Power Utilities, Oil & Gas, Mining, Chemical & Petrochemical, Others), Renewable Energy, Infrastructure (Commercial, Residential)) and by Geography.

Request free sample

Inkwood Research estimates that the global high voltage cable (HVC) market is estimated to grow with an anticipated CAGR of 5.27% during the forecast years, and harbor a revenue share of $24.52 billion by 2028. The base year considered for the market study is 2019, and the forecast period is between 2020 to 2028.

Key factors propelling the global high voltage cable (HVC) market growth are:

  • Advancement and urbanization in developing countries
  • Surge in infrastructure in emerging countries
  • Growing investments in smart grid technology

Global High Voltage Cable (Hvc) Market

To know more about this report, request a free sample copy

Industrialization in emerging countries is among the major factors promoting the global high voltage cable market (HVC) growth. Since an increased demand for power, results in more power being generated and transmitted, the requirement for high voltage cables is gradually growing. Additionally, depleting fossil fuels such as coal and oil have also drawn the attention of several governments to invest in renewable energy projects like offshore wind farms, solar plants, and tidal power plants. Investments in smart grid technology are also propelling the high voltage cable (HVC) market. For instance, the Japanese government has invested more than $100 billion in smart grid technology, to upgrade its power generation system.

In 2019, the underground segment in the installation category harbored the largest market share of 51.02%. Underground high voltage cables are placed beneath the ground and are utilized in transmitting power, with minimal loss, over long distances. These cables have witnessed significant progress, owing to their benefits, such as decreased chances of faults, fewer voltage drops, and negligible visual impact. Moreover, an increase in industrialization and urbanization in developing countries, such as China, Japan, and India is expected to drive the demand for high voltage cables during the forecast period.

Conversely, under the installation category, the submarine segment is anticipated to grow at a CAGR of 6.10% during the forecast years. Submarine high voltage cables are used for power transmission and distribution below the water surface. Rising demand for clean energy, due to the depletion of fossil fuels, and the impending need to curb the increasing pollution are expected to supplement the growth of the submarine cable market across the forecast period.

Further, fluctuating costs of raw materials required to produce high voltage cables are hindering the market growth. Inflation and an increase in the demand for these metals have fueled their prices in the recent past. For instance, over the last decade, the cost of copper has increased from $0.77/lb to $4/lb, which is over 400%.

The report on the global high voltage cable (HVC) market includes the segmentation analysis of installation and end-user.

Market by Installation:

  • Overhead
  • Underground
  • Submarine

Market by End-user:

  • Industrial
    • Power Utilities
    • Oil & Gas
    • Mining
    • Chemical & Petrochemical
    • Others
  • Renewable Energy
  • Infrastructure
    • Commercial
    • Residential

Geographically, the global high voltage cable (HVC) market has been segmented into four major regions, including:

  • North America: The United States & Canada
  • Europe: United Kingdom, Italy, Sweden, Russia, Poland, Belgium, France, Germany, and Rest of Europe
  • Asia Pacific: South Korea, China, India, Thailand, South Korea, Japan, Indonesia, Vietnam, Australia & New Zealand, and Rest of Asia Pacific.
  • Rest of World: Latin America, the Middle East & Africa.

Regionally, the Asia Pacific high voltage cable (HVC) market retained the largest revenue share of 50.78% in 2019, and is projected to grow steadily during the forecast period. The Asia Pacific is also expected to continue being the dominating regional market for high voltage cables, throughout the forecast period. This is predominantly because of the efforts established in fulfilling the need for electricity due to industrialization and urbanization in developing countries like China, Japan, and India. As the primary energy producer among other countries, China has produced 5,810,500 GWh of electricity, with a large number of high voltage cables for power transmission. Furthermore, several leading players are investing in the Asia Pacific high voltage cable (HVC) market.

Key players involved in the global high voltage cable (HVC) market are:

  • Prysmian Group
  • ABB Ltd
  • NKT Cables
  • Others

In January 2020, the Prysmian Group fulfilled the brand integration procedure after acquiring the General Cable. They initiated a new multi-brand strategy and redesigned its visual identity and logos.

Key trends of the global high voltage cable (HVC) market: 

  • Asia Pacific dominated the global high voltage cable (HCV) market in 2019, by garnering the largest market share of approximately 50.78%.
  • Growing investments in offshore power project methods are driving overall market growth.
  • The submarine segment is projected to grow with an anticipated CAGR of 6.10%, during the forecasted period.
  1. RESEARCH SCOPE & METHODOLOGY
    • STUDY OBJECTIVES
    • SCOPE OF STUDY
    • METHODOLOGY
    • ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    • MARKET SIZE & ESTIMATES
    • MARKET OVERVIEW
  3. MARKET DYNAMICS
    • MARKET DEFINITION
    •    KEY DRIVERS
      • DEVELOPMENT AND URBANIZATION IN DEVELOPING COUNTRIES
      • SURGE IN INFRASTRUCTURE IN EMERGING COUNTRIES
      • GROWTH IN INVESTMENT IN SMART GRID TECHNOLOGY
    •    KEY RESTRAINTS
      • FLUCTUATING PRICES OF METALS SUCH AS COPPER AND ALUMINUM
  1. KEY ANALYTICS
    • KEY INVESTMENT INSIGHTS
    •    PORTER’S FIVE FORCE ANALYSIS
      • BUYER POWER
      • SUPPLIER POWER
      • SUBSTITUTION
      • NEW ENTRANTS
      • INDUSTRY RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
  2. MARKET BY INSTALLATION
    • OVERHEAD
    • UNDERGROUND
    • SUBMARINE
  3. MARKET BY END-USER
    •    INDUSTRIAL
      • POWER UTILITIES
      • OIL & GAS
      • MINING
      • CHEMICAL & PETROCHEMICAL
      • OTHERS
    • RENEWABLE ENERGY
    •    INFRASTRUCTURE
      • COMMERCIAL
      • RESIDENTIAL
  1. GEOGRAPHICAL ANALYSIS
    •    NORTH AMERICA
      • UNITED STATES
      • CANADA
    •    EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • SWEDEN
      • ITALY
      • RUSSIA
      • BELGIUM
      • POLAND
      • REST OF EUROPE
    •    ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • INDONESIA
      • THAILAND
      • VIETNAM
      • AUSTRALIA & NEW ZEALAND
      • REST OF ASIA PACIFIC
    •    REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA
  1. COMPANY PROFILES
    • TELE-FONIKA KABLE SA
    • PRYSMIAN GROUP
    • DUBAI CABLE COMPANY PVT LTD
    • NKT CABLES
    • NEXANS
    • SOUTHWIRE LLC
    • SUMITOMO ELECTRIC INDUSTRIES LTD
    • SIEMENS AG
    • TBEA CO LTD
    • HITACHI LTD
    • ABB LTD
    • TRATOS
    • FINOLEX CABLES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – HIGH VOLTAGE CABLE (HVC)

TABLE 2: GLOBAL HIGH VOLTAGE CABLE (HVC) MARKET, BY INSTALLATION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 3: GLOBAL HIGH VOLTAGE CABLE (HVC) MARKET, BY INSTALLATION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 4: GLOBAL OVERHEAD MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 5: GLOBAL OVERHEAD MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 6: GLOBAL UNDERGROUND MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 7: GLOBAL UNDERGROUND MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 8: GLOBAL SUBMARINE MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 9: GLOBAL SUBMARINE MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 10: GLOBAL HIGH VOLTAGE CABLE (HVC) MARKET, BY END-USER, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 11: GLOBAL HIGH VOLTAGE CABLE (HVC) MARKET, BY END-USER, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 12: GLOBAL INDUSTRIAL MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 13: GLOBAL INDUSTRIAL MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 14: GLOBAL POWER UTILITIES MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 15: GLOBAL POWER UTILITIES MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 16: GLOBAL OIL & GAS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 17: GLOBAL OIL & GAS MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 18: GLOBAL MINING MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 19: GLOBAL MINING MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 20: GLOBAL CHEMICAL & PETROCHEMICAL MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 21: GLOBAL CHEMICAL & PETROCHEMICAL MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 22: GLOBAL OTHERS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 23: GLOBAL OTHERS MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 24: GLOBAL RENEWABLE ENERGY MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 25: GLOBAL RENEWABLE ENERGY MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 26: GLOBAL INFRASTRUCTURE MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 27: GLOBAL INFRASTRUCTURE MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 28: GLOBAL COMMERCIAL MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 29: GLOBAL COMMERCIAL MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 30: GLOBAL RESIDENTIAL MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 31: GLOBAL RESIDENTIAL MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 32: GLOBAL HIGH VOLTAGE CABLE (HVC) MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 33: GLOBAL HIGH VOLTAGE CABLE (HVC) MARKET, BY GEOGRAPHY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 34: NORTH AMERICA HIGH VOLTAGE CABLE (HVC) MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 35: NORTH AMERICA HIGH VOLTAGE CABLE (HVC) MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 36: EUROPE HIGH VOLTAGE CABLE (HVC) MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 37: EUROPE HIGH VOLTAGE CABLE (HVC) MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 38: ASIA PACIFIC HIGH VOLTAGE CABLE (HVC) MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 39: ASIA PACIFIC HIGH VOLTAGE CABLE (HVC) MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 40: REST OF WORLD HIGH VOLTAGE CABLE (HVC) MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 41: REST OF WORLD HIGH VOLTAGE CABLE (HVC) MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

LIST OF FIGURE

FIGURE 1: KEY INVESTMENT INSIGHTS

FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: GLOBAL HIGH VOLTAGE CABLE (HVC) MARKET, GROWTH POTENTIAL, BY INSTALLATION, IN 2019

FIGURE 6: GLOBAL HIGH VOLTAGE CABLE (HVC) MARKET, BY OVERHEAD, 2020-2028 (IN $ MILLION)

FIGURE 7: GLOBAL HIGH VOLTAGE CABLE (HVC) MARKET, BY UNDERGROUND, 2020-2028 (IN $ MILLION)

FIGURE 8: GLOBAL HIGH VOLTAGE CABLE (HVC) MARKET, BY SUBMARINE, 2020-2028 (IN $ MILLION)

FIGURE 9: GLOBAL HIGH VOLTAGE CABLE (HVC) MARKET, GROWTH POTENTIAL, BY END-USER, IN 2019

FIGURE 10: GLOBAL HIGH VOLTAGE CABLE (HVC) MARKET, BY INDUSTRIAL, 2020-2028 (IN $ MILLION)

FIGURE 11: GLOBAL HIGH VOLTAGE CABLE (HVC) MARKET, GROWTH POTENTIAL, BY INDUSTRIAL, IN 2019

FIGURE 12: GLOBAL HIGH VOLTAGE CABLE (HVC) MARKET, BY POWER UTILITIES, 2020-2028 (IN $ MILLION)

FIGURE 13: GLOBAL HIGH VOLTAGE CABLE (HVC) MARKET, BY OIL & GAS, 2020-2028 (IN $ MILLION)

FIGURE 14: GLOBAL HIGH VOLTAGE CABLE (HVC) MARKET, BY MINING, 2020-2028 (IN $ MILLION)

FIGURE 15: GLOBAL HIGH VOLTAGE CABLE (HVC) MARKET, BY CHEMICAL & PETROCHEMICAL, 2020-2028 (IN $ MILLION)

FIGURE 16: GLOBAL HIGH VOLTAGE CABLE (HVC) MARKET, BY OTHERS, 2020-2028 (IN $ MILLION)

FIGURE 17: GLOBAL HIGH VOLTAGE CABLE (HVC) MARKET, BY RENEWABLE ENERGY, 2020-2028 (IN $ MILLION)

FIGURE 18: GLOBAL HIGH VOLTAGE CABLE (HVC) MARKET, BY INFRASTRUCTURE, 2020-2028 (IN $ MILLION)

FIGURE 19: GLOBAL HIGH VOLTAGE CABLE (HVC) MARKET, GROWTH POTENTIAL, BY INFRASTRUCTURE, IN 2019

FIGURE 20: GLOBAL HIGH VOLTAGE CABLE (HVC) MARKET, BY COMMERCIAL, 2020-2028 (IN $ MILLION)

FIGURE 21: GLOBAL HIGH VOLTAGE CABLE (HVC) MARKET, BY RESIDENTIAL, 2020-2028 (IN $ MILLION)

FIGURE 22: NORTH AMERICA HIGH VOLTAGE CABLE (HVC) MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 23: UNITED STATES HIGH VOLTAGE CABLE (HVC) MARKET, 2020-2028 (IN $ MILLION)

FIGURE 24: CANADA HIGH VOLTAGE CABLE (HVC) MARKET, 2020-2028 (IN $ MILLION)

FIGURE 25: EUROPE HIGH VOLTAGE CABLE (HVC) MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 26: UNITED KINGDOM HIGH VOLTAGE CABLE (HVC) MARKET, 2020-2028 (IN $ MILLION)

FIGURE 27: GERMANY HIGH VOLTAGE CABLE (HVC) MARKET, 2020-2028 (IN $ MILLION)

FIGURE 28: FRANCE HIGH VOLTAGE CABLE (HVC) MARKET, 2020-2028 (IN $ MILLION)

FIGURE 29: SWEDEN HIGH VOLTAGE CABLE (HVC) MARKET, 2020-2028 (IN $ MILLION)

FIGURE 30: ITALY HIGH VOLTAGE CABLE (HVC) MARKET, 2020-2028 (IN $ MILLION)

FIGURE 31: RUSSIA HIGH VOLTAGE CABLE (HVC) MARKET, 2020-2028 (IN $ MILLION)

FIGURE 32: BELGIUM HIGH VOLTAGE CABLE (HVC) MARKET, 2020-2028 (IN $ MILLION)

FIGURE 33: POLAND HIGH VOLTAGE CABLE (HVC) MARKET, 2020-2028 (IN $ MILLION)

FIGURE 34: REST OF EUROPE HIGH VOLTAGE CABLE (HVC) MARKET, 2020-2028 (IN $ MILLION)

FIGURE 35: ASIA PACIFIC HIGH VOLTAGE CABLE (HVC) MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 36: CHINA HIGH VOLTAGE CABLE (HVC) MARKET, 2020-2028 (IN $ MILLION)

FIGURE 37: JAPAN HIGH VOLTAGE CABLE (HVC) MARKET, 2020-2028 (IN $ MILLION)

FIGURE 38: INDIA HIGH VOLTAGE CABLE (HVC) MARKET, 2020-2028 (IN $ MILLION)

FIGURE 39: SOUTH KOREA HIGH VOLTAGE CABLE (HVC) MARKET, 2020-2028 (IN $ MILLION)

FIGURE 40: INDONESIA HIGH VOLTAGE CABLE (HVC) MARKET, 2020-2028 (IN $ MILLION)

FIGURE 41: THAILAND HIGH VOLTAGE CABLE (HVC) MARKET, 2020-2028 (IN $ MILLION)

FIGURE 42: VIETNAM HIGH VOLTAGE CABLE (HVC) MARKET, 2020-2028 (IN $ MILLION)

FIGURE 43: AUSTRALIA & NEW ZEALAND HIGH VOLTAGE CABLE (HVC) MARKET, 2020-2028 (IN $ MILLION)

FIGURE 44: REST OF ASIA PACIFIC HIGH VOLTAGE CABLE (HVC) MARKET, 2020-2028 (IN $ MILLION)

FIGURE 45: REST OF WORLD HIGH VOLTAGE CABLE (HVC) MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 46: LATIN AMERICA HIGH VOLTAGE CABLE (HVC) MARKET, 2020-2028 (IN $ MILLION)

FIGURE 47: MIDDLE EAST & AFRICA HIGH VOLTAGE CABLE (HVC) MARKET, 2020-2028 (IN $ MILLION)

  1. MARKET BY INSTALLATION
    • OVERHEAD
    • UNDERGROUND
    • SUBMARINE
  2. MARKET BY END-USER
    •    INDUSTRIAL
      • POWER UTILITIES
      • OIL & GAS
      • MINING
      • CHEMICAL & PETROCHEMICAL
      • OTHERS
    • RENEWABLE ENERGY
    •    INFRASTRUCTURE
      • COMMERCIAL
      • RESIDENTIAL
  1. GEOGRAPHICAL ANALYSIS
    •    NORTH AMERICA
      • UNITED STATES
      • CANADA
    •    EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • SWEDEN
      • ITALY
      • RUSSIA
      • BELGIUM
      • POLAND
      • REST OF EUROPE
    •    ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • INDONESIA
      • THAILAND
      • VIETNAM
      • AUSTRALIA & NEW ZEALAND
      • REST OF ASIA PACIFIC
    •    REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA

To request a free sample copy of this report, please complete the form below :

We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.

Choose License Type

Buy Now