Power Cables Market Key Findings by 2031
MARKET OVERVIEW
A power cable is used in transmission of electrical energy in several applications. The increasing demand for these products is attributable to the growing applications across diverse industries. The presence of several large scale power cable manufacturers, coupled with the variations in product offerings, will have a positive impact on the growth of the market in the coming years. The increasing awareness regarding the depletion of non-renewable sources and the focus on renewable energy sources will lead to a wider product adoption across the world. The use of these products in energy harnessing projects and infrastructure development activities will lead to a wider product adoption across the world. The rising concerns surrounding global warming and climate change will have a positive impact on the growth of the market in the foreseeable future.
MARKET SCOPE
The "Global Power cables Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Power cables market with detailed market segmentation by installation, application, and geography. The global Power cables market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Power cables market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- The global Power cables market is segmented on the basis of installation, and application.
- On the basis of installation, the Power cables market is segmented into overhead, underground, and submarine.
- Similarly, on the basis of application the Power cables market is bifurcated into residential, commercial, and industrial utility.
MARKET DYNAMICS
Drivers:
- Increasing Number of Company Mergers Will Bode Well for Market Growth
- Asia Pacific to Account for the Highest Share; Rising Demand for Electricity in Several Countries to Aid Growth.
Restraints:
- The complexity in deployment planning of power cable along with the delays in authorization from governments may hamper growth of the market during forecast period.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Power cables oil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Power cables oil market in these regions.
IMPACT OF COVID-19 ON POWER CABLES MARKET
The global power cable industry has been significantly impacted by the COVID-19 outbreak. The production facilities of the electronics and semiconductors have been halted, owing to the slowdown and unavailability of the workforce across the globe. COVID-19 outbreak has caused a significant and protracted drop in manufacturing utilization, and travel bans & facility closures kept workers out of their factories, which led to slowdown in the growth of the power cable market revenue in 2021. The Asian and European countries under lockdowns have suffered major loss of business and revenue, due to the shutdown of manufacturing units in the region. The operations of the production and manufacturing industries have been heavily impacted by the outbreak of the COVID-19 disease; thereby, leading to slowdown in the growth of the electrical cable market in 2021.
However, the negative impact of COVID-19 on the power cable market is expected to be there for a short period of time, and by early 2021 the market is anticipated to observe robust recovery rate along with the extensive demand for power cable products post pandemic. This is due to the fact that a rise in number of market players are reassessing their strategies and coming up with quick responses to stabilize their supply chain Naveen Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Power cables oil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Power cables oil market in these regions.
IMPACT OF COVID-19 ON POWER CABLES MARKET
The global power cable industry has been significantly impacted by the COVID-19 outbreak. The production facilities of the electronics and semiconductors have been halted, owing to the slowdown and unavailability of the workforce across the globe. COVID-19 outbreak has caused a significant and protracted drop in manufacturing utilization, and travel bans & facility closures kept workers out of their factories, which led to slowdown in the growth of the power cable market revenue in 2021. The Asian and European countries under lockdowns have suffered major loss of business and revenue, due to the shutdown of manufacturing units in the region. The operations of the production and manufacturing industries have been heavily impacted by the outbreak of the COVID-19 disease; thereby, leading to slowdown in the growth of the electrical cable market in 2021.
However, the negative impact of COVID-19 on the power cable market is expected to be there for a short period of time, and by early 2021 the market is anticipated to observe robust recovery rate along with the extensive demand for power cable products post pandemic. This is due to the fact that a rise in number of market players are reassessing their strategies and coming up with quick responses to stabilize their supply chain
MARKET PLAYERS
The report covers key developments in the Power cables oil market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Power cables oilmarket market are anticipated to lucrative growth opportunities in the future with the rising demand for Power cables market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Power cables market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Prysmian Group
- ABB
- Nexans
- General Cable
- NKT Cables
- Encore Wire Corporation
- Finolex Cables
- Bahra Cables Company
- BRUGG Cables
- Riyadh Cables Group Company.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Power Cables Market - By Installation
1.3.2 Power Cables Market - By Application
1.3.3 Power Cables Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. POWER CABLES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. POWER CABLES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. POWER CABLES MARKET - GLOBAL MARKET ANALYSIS
6.1. POWER CABLES - GLOBAL MARKET OVERVIEW
6.2. POWER CABLES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. POWER CABLES MARKET - REVENUE AND FORECASTS TO 2028 - INSTALLATION
7.1. OVERVIEW
7.2. INSTALLATION MARKET FORECASTS AND ANALYSIS
7.3. OVERHEAD
7.3.1. Overview
7.3.2. Overhead Market Forecast and Analysis
7.4. UNDERGROUND
7.4.1. Overview
7.4.2. Underground Market Forecast and Analysis
7.5. SUBMARINE
7.5.1. Overview
7.5.2. Submarine Market Forecast and Analysis
8. POWER CABLES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RESIDENTIAL
8.3.1. Overview
8.3.2. Residential Market Forecast and Analysis
8.4. COMMERCIAL
8.4.1. Overview
8.4.2. Commercial Market Forecast and Analysis
8.5. INDUSTRIAL UTILITY
8.5.1. Overview
8.5.2. Industrial Utility Market Forecast and Analysis
9. POWER CABLES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Power Cables Market Overview
9.1.2 North America Power Cables Market Forecasts and Analysis
9.1.3 North America Power Cables Market Forecasts and Analysis - By Installation
9.1.4 North America Power Cables Market Forecasts and Analysis - By Application
9.1.5 North America Power Cables Market Forecasts and Analysis - By Countries
9.1.5.1 United States Power Cables Market
9.1.5.1.1 United States Power Cables Market by Installation
9.1.5.1.2 United States Power Cables Market by Application
9.1.5.2 Canada Power Cables Market
9.1.5.2.1 Canada Power Cables Market by Installation
9.1.5.2.2 Canada Power Cables Market by Application
9.1.5.3 Mexico Power Cables Market
9.1.5.3.1 Mexico Power Cables Market by Installation
9.1.5.3.2 Mexico Power Cables Market by Application
9.2. EUROPE
9.2.1 Europe Power Cables Market Overview
9.2.2 Europe Power Cables Market Forecasts and Analysis
9.2.3 Europe Power Cables Market Forecasts and Analysis - By Installation
9.2.4 Europe Power Cables Market Forecasts and Analysis - By Application
9.2.5 Europe Power Cables Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Power Cables Market
9.2.5.1.1 Germany Power Cables Market by Installation
9.2.5.1.2 Germany Power Cables Market by Application
9.2.5.2 France Power Cables Market
9.2.5.2.1 France Power Cables Market by Installation
9.2.5.2.2 France Power Cables Market by Application
9.2.5.3 Italy Power Cables Market
9.2.5.3.1 Italy Power Cables Market by Installation
9.2.5.3.2 Italy Power Cables Market by Application
9.2.5.4 United Kingdom Power Cables Market
9.2.5.4.1 United Kingdom Power Cables Market by Installation
9.2.5.4.2 United Kingdom Power Cables Market by Application
9.2.5.5 Russia Power Cables Market
9.2.5.5.1 Russia Power Cables Market by Installation
9.2.5.5.2 Russia Power Cables Market by Application
9.2.5.6 Rest of Europe Power Cables Market
9.2.5.6.1 Rest of Europe Power Cables Market by Installation
9.2.5.6.2 Rest of Europe Power Cables Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Power Cables Market Overview
9.3.2 Asia-Pacific Power Cables Market Forecasts and Analysis
9.3.3 Asia-Pacific Power Cables Market Forecasts and Analysis - By Installation
9.3.4 Asia-Pacific Power Cables Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Power Cables Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Power Cables Market
9.3.5.1.1 Australia Power Cables Market by Installation
9.3.5.1.2 Australia Power Cables Market by Application
9.3.5.2 China Power Cables Market
9.3.5.2.1 China Power Cables Market by Installation
9.3.5.2.2 China Power Cables Market by Application
9.3.5.3 India Power Cables Market
9.3.5.3.1 India Power Cables Market by Installation
9.3.5.3.2 India Power Cables Market by Application
9.3.5.4 Japan Power Cables Market
9.3.5.4.1 Japan Power Cables Market by Installation
9.3.5.4.2 Japan Power Cables Market by Application
9.3.5.5 South Korea Power Cables Market
9.3.5.5.1 South Korea Power Cables Market by Installation
9.3.5.5.2 South Korea Power Cables Market by Application
9.3.5.6 Rest of Asia-Pacific Power Cables Market
9.3.5.6.1 Rest of Asia-Pacific Power Cables Market by Installation
9.3.5.6.2 Rest of Asia-Pacific Power Cables Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Power Cables Market Overview
9.4.2 Middle East and Africa Power Cables Market Forecasts and Analysis
9.4.3 Middle East and Africa Power Cables Market Forecasts and Analysis - By Installation
9.4.4 Middle East and Africa Power Cables Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Power Cables Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Power Cables Market
9.4.5.1.1 South Africa Power Cables Market by Installation
9.4.5.1.2 South Africa Power Cables Market by Application
9.4.5.2 Saudi Arabia Power Cables Market
9.4.5.2.1 Saudi Arabia Power Cables Market by Installation
9.4.5.2.2 Saudi Arabia Power Cables Market by Application
9.4.5.3 U.A.E Power Cables Market
9.4.5.3.1 U.A.E Power Cables Market by Installation
9.4.5.3.2 U.A.E Power Cables Market by Application
9.4.5.4 Rest of Middle East and Africa Power Cables Market
9.4.5.4.1 Rest of Middle East and Africa Power Cables Market by Installation
9.4.5.4.2 Rest of Middle East and Africa Power Cables Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Power Cables Market Overview
9.5.2 South and Central America Power Cables Market Forecasts and Analysis
9.5.3 South and Central America Power Cables Market Forecasts and Analysis - By Installation
9.5.4 South and Central America Power Cables Market Forecasts and Analysis - By Application
9.5.5 South and Central America Power Cables Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Power Cables Market
9.5.5.1.1 Brazil Power Cables Market by Installation
9.5.5.1.2 Brazil Power Cables Market by Application
9.5.5.2 Argentina Power Cables Market
9.5.5.2.1 Argentina Power Cables Market by Installation
9.5.5.2.2 Argentina Power Cables Market by Application
9.5.5.3 Rest of South and Central America Power Cables Market
9.5.5.3.1 Rest of South and Central America Power Cables Market by Installation
9.5.5.3.2 Rest of South and Central America Power Cables Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. POWER CABLES MARKET, KEY COMPANY PROFILES
11.1. PRYSMIAN GROUP
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ABB
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. NEXANS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. GENERAL CABLE
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. NKT CABLES
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. ENCORE WIRE CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. FINOLEX CABLES
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. BAHRA CABLES COMPANY
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. BRUGG CABLES
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. RIYADH CABLES GROUP COMPANY (SAUDI ARABIA)
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1.Prysmian Group
2.ABB
3.Nexans
4.General Cable
5.NKT Cables
6.Encore Wire Corporation
7.Finolex Cables
8.Bahra Cables Company
9.BRUGG Cables
10.Riyadh Cables Group Company (Saudi Arabia)
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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