The global high-voltage cables market has witnessed significant growth during 2012 – 2015, due to growth in renewable energy infrastructures, projects for grid interconnections and installation of efficient transmission systems. Industries are continuously investing in the development and enhancement of the infrastructure to meet power transmission requirements. Additionally, high voltage cables are being used for underground and underwater applications, buildings and overhead lines to transmit electricity. High voltage cables find their application in industrial usage. Moreover, shorter cables are used in the insulation apparatus. The growing application in various industries is driving the demand for high voltage cables across the globe.
To Browse Full Report Visit Here: https://www.psmarketresearch.com/market-analysis/high-voltage-cables-market
The insulation of high voltage cables does not degrade due to high voltage. The cables with higher power distribution capacity are insulated with oil and paper. The length of high voltage cable varies as per the application and requirement. Also, the quality of high voltage cables depends on semiconducting layers and the insulation. Additionally, these cables offer the advantages of having additional insulation jacket that minimizes power loss, and enhanced stability in comparison to other cables.
Key factors supporting the growth of the global HVC market include the increased government initiatives in smart grid technology and offshore power projects, worldwide. Several developing countries have an old power transmission infrastructure that offers inefficient power supply and eases power theft. These factors are prompting utilities providers to improve the existing power transmission infrastructure, which is expected to create the demand for high voltage cables. Since, projects for power generation through renewable energy sources are increasing every year, therefore, efficient transmission network is required to connect generation plants and consumption centers, which is likely to bolster the growth of the global high voltage cables market.
The global high voltage cables market has been segmented based on the type of use, product type and region. Asia-Pacific has been the leading region in the global high voltage cables market, owing to increasing number of infrastructure and renewable energy projects in the region.
Browse For Related Research Visit Here: https://www.psmarketresearch.com/industry-report/power-and-energy
The factors acting as key restraints for the global high voltage cables market include delay in implementation of power projects, due to various government approval policies for HSE. High voltage direct current (HVDC) with a smart grid network helps in improving the overall power efficiency and offers opportunities for the companies engaged in providing better power transmission system.
The key players operating in the global high voltage cables market are ABB Ltd., Prysmian Group, Sumitomo Electric Industries, Ltd., Nexans, NKT Cables, Okonite and General Cable Corporation (U.S.).
By Type of Use
By Product Type
- Overhead products
- Underground products
- Submarine products
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
Manager – Client Partner
347, 5th Ave. #1402
New York City, NY – 10016
Toll-free: +1-888-778-7886 (USA/Canada)