Global High Voltage Cables and Accessories Market is valued approximately USD 37.9 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.6% over the forecast period 2023-2030. High voltage cables and accessories refer to specialized components used in the transmission and distribution of electricity at high voltage levels. These cables are accompanied by accessories such as cable joints, terminations, connectors, insulators, and other supporting equipment that ensure proper installation, connectivity, and reliability of the high voltage cable systems. These components play a critical role in facilitating the efficient and safe transmission of electricity, particularly in applications involving renewable energy integration, grid expansion, industrial electrification, and infrastructure development. The factors driving the growth of the market are rising focus on renewable energy sources and increasing investment in Power Transmission and Distribution.
According to International Renewable Energy Agency, 2022 has seen the largest increase in renewable energy capacity to date- the world added nearly 295 GW of renewable energy, increasing the stock of renewable energy by 9.6% and contributing an unprecedented 83% of global power additions. The growth of solar and wind power, as well as the continued decommissioning of fossil fuel power plants in several major economies, are largely to blame. Another factor is increasing investment in Power Transmission and Distribution as it will support the demand for high voltage cables and accessories as part of grid infrastructure enhancement projects. Moreover, increasing adoption of Electric Vehicles (EVs) and advancements in high voltage cable technology may create abundant opportunities in the market. However, the high cost of High Voltage Cables and Accessories and intense competition from alternative technologies such as overhead lines, underground lines and wireless power transmission stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global High Voltage Cables and Accessories Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the region's oil and gas development operations as well as the continuing replacement of outdated high voltage cable grids. However, Asia Pacific is expected to become the fastest growing during the forecast period, owing to factors such as industrialization, urbanization, smart grids, power transmission and distribution infrastructure projects, power generation, and investments in T&D infrastructure.
Major market player included in this report are:
- Prysmian Group
- Sumitomo Electric Industries Ltd.
- LS Cable & System Ltd.
- Taihan Cable & Solution Co., Ltd.
- Elsewedy Electric Company
- PFISTERER Holding AG
- Brugg Kabel AG
- Southwire Company, LLC
- Tele-Fonika Kable SA
- Synergy Cables
Recent Developments in the Market:
- In May 2023, Prysmian Group made an announcement that a contract worth more than USD 864.9 million was successfully acquired. This agreement relates to the creation of a fresh project for power interconnection between France and Spain that will be executed for INELFE.
- In April 2023, Sumitomo Electric Industries, Ltd. announced to expand its power cable facility in the Scottish Highlands, UK.
Global High Voltage Cables and Accessories Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Product Type, Voltage, Installation, Conductor Type, End User, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Product Type:
By Voltage:
- 72.5 kV
- 123 kV
- 145 kV
- 170 kV
- 245 kV
- 400 kV and above
By Installation:
- Overhead
- Underground
- Submarine
By Conductor Type:
By End User:
- Power Utilities
- Renewables
- Industrial
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. High Voltage Cables and Accessories Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. High Voltage Cables and Accessories Market, by Product Type, 2020-2030 (USD Billion)
- 1.2.3. High Voltage Cables and Accessories Market, by Voltage, 2020-2030 (USD Billion)
- 1.2.4. High Voltage Cables and Accessories Market, by Installation, 2020-2030 (USD Billion)
- 1.2.5. High Voltage Cables and Accessories Market, by Conductor Type, 2020-2030 (USD Billion)
- 1.2.6. High Voltage Cables and Accessories Market, by End User, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global High Voltage Cables and Accessories Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global High Voltage Cables and Accessories Market Dynamics
- 3.1. High Voltage Cables and Accessories Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising focus on renewable energy sources
- 3.1.1.2. Increasing investment in Power Transmission and Distribution
- 3.1.2. Market Challenges
- 3.1.2.1. High Cost of High Voltage Cables and Accessories
- 3.1.2.2. Intense competition from alternative technologies
- 3.1.3. Market Opportunities
- 3.1.3.1. Increasing adoption of Electric Vehicles (EVs)
- 3.1.3.2. Advancements in high voltage cable technology
Chapter 4. Global High Voltage Cables and Accessories Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global High Voltage Cables and Accessories Market, by Product Type
- 5.1. Market Snapshot
- 5.2. Global High Voltage Cables and Accessories Market by Product Type, Performance - Potential Analysis
- 5.3. Global High Voltage Cables and Accessories Market Estimates & Forecasts by Product Type 2020-2030 (USD Billion)
- 5.4. High Voltage Cables and Accessories Market, Sub Segment Analysis
- 5.4.1. Cables
- 5.4.2. Accessories
Chapter 6. Global High Voltage Cables and Accessories Market, by Voltage
- 6.1. Market Snapshot
- 6.2. Global High Voltage Cables and Accessories Market by Voltage, Performance - Potential Analysis
- 6.3. Global High Voltage Cables and Accessories Market Estimates & Forecasts by Voltage 2020-2030 (USD Billion)
- 6.4. High Voltage Cables and Accessories Market, Sub Segment Analysis
- 6.4.1. 72.5 kV
- 6.4.2. 123 kV
- 6.4.3. 145 kV
- 6.4.4. 170 kV
- 6.4.5. 245 kV
- 6.4.6. 400 kV and above
Chapter 7. Global High Voltage Cables and Accessories Market, by Installation
- 7.1. Market Snapshot
- 7.2. Global High Voltage Cables and Accessories Market by Installation, Performance - Potential Analysis
- 7.3. Global High Voltage Cables and Accessories Market Estimates & Forecasts by Installation 2020-2030 (USD Billion)
- 7.4. High Voltage Cables and Accessories Market, Sub Segment Analysis
- 7.4.1. Overhead
- 7.4.2. Underground
- 7.4.3. Submarine
Chapter 8. Global High Voltage Cables and Accessories Market, by Conductor Type
- 8.1. Market Snapshot
- 8.2. Global High Voltage Cables and Accessories Market by Conductor Type, Performance - Potential Analysis
- 8.3. Global High Voltage Cables and Accessories Market Estimates & Forecasts by Conductor Type 2020-2030 (USD Billion)
- 8.4. High Voltage Cables and Accessories Market, Sub Segment Analysis
- 8.4.1. Copper
- 8.4.2. Aluminium
Chapter 9. Global High Voltage Cables and Accessories Market, by End User
- 9.1. Market Snapshot
- 9.2. Global High Voltage Cables and Accessories Market by End User, Performance - Potential Analysis
- 9.3. Global High Voltage Cables and Accessories Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
- 9.4. High Voltage Cables and Accessories Market, Sub Segment Analysis
- 9.4.1. Power Utilities
- 9.4.2. Renewables
- 9.4.3. Industrial
Chapter 10. Global High Voltage Cables and Accessories Market, Regional Analysis
- 10.1. Top Leading Countries
- 10.2. Top Emerging Countries
- 10.3. High Voltage Cables and Accessories Market, Regional Market Snapshot
- 10.4. North America High Voltage Cables and Accessories Market
- 10.4.1. U.S. High Voltage Cables and Accessories Market
- 10.4.1.1. Product Type breakdown estimates & forecasts, 2020-2030
- 10.4.1.2. Voltage breakdown estimates & forecasts, 2020-2030
- 10.4.1.3. Installation breakdown estimates & forecasts, 2020-2030
- 10.4.1.4. Conductor Type breakdown estimates & forecasts, 2020-2030
- 10.4.1.5. End User breakdown estimates & forecasts, 2020-2030
- 10.4.2. Canada High Voltage Cables and Accessories Market
- 10.5. Europe High Voltage Cables and Accessories Market Snapshot
- 10.5.1. U.K. High Voltage Cables and Accessories Market
- 10.5.2. Germany High Voltage Cables and Accessories Market
- 10.5.3. France High Voltage Cables and Accessories Market
- 10.5.4. Spain High Voltage Cables and Accessories Market
- 10.5.5. Italy High Voltage Cables and Accessories Market
- 10.5.6. Rest of Europe High Voltage Cables and Accessories Market
- 10.6. Asia-Pacific High Voltage Cables and Accessories Market Snapshot
- 10.6.1. China High Voltage Cables and Accessories Market
- 10.6.2. India High Voltage Cables and Accessories Market
- 10.6.3. Japan High Voltage Cables and Accessories Market
- 10.6.4. Australia High Voltage Cables and Accessories Market
- 10.6.5. South Korea High Voltage Cables and Accessories Market
- 10.6.6. Rest of Asia Pacific High Voltage Cables and Accessories Market
- 10.7. Latin America High Voltage Cables and Accessories Market Snapshot
- 10.7.1. Brazil High Voltage Cables and Accessories Market
- 10.7.2. Mexico High Voltage Cables and Accessories Market
- 10.8. Middle East & Africa High Voltage Cables and Accessories Market
- 10.8.1. Saudi Arabia High Voltage Cables and Accessories Market
- 10.8.2. South Africa High Voltage Cables and Accessories Market
- 10.8.3. Rest of Middle East & Africa High Voltage Cables and Accessories Market
Chapter 11. Competitive Intelligence
- 11.1. Key Company SWOT Analysis
- 11.1.1. Company 1
- 11.1.2. Company 2
- 11.1.3. Company 3
- 11.2. Top Market Strategies
- 11.3. Company Profiles
- 11.3.1. Prysmian Group
- 11.3.1.1. Key Information
- 11.3.1.2. Overview
- 11.3.1.3. Financial (Subject to Data Availability)
- 11.3.1.4. Product Summary
- 11.3.1.5. Recent Developments
- 11.3.2. Sumitomo Electric Industries Ltd.
- 11.3.3. LS Cable & System Ltd.
- 11.3.4. Taihan Cable & Solution Co., Ltd.
- 11.3.5. Elsewedy Electric Company
- 11.3.6. PFISTERER Holding AG
- 11.3.7. Brugg Kabel AG
- 11.3.8. Southwire Company, LLC
- 11.3.9. Tele-Fonika Kable SA
- 11.3.10. Synergy Cables
Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
- 12.2. Research Attributes
- 12.3. Research Assumption