Global Underground Cabling EPC Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Underground Cabling EPC Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global underground cabling EPC market has been segmented on the basis of configuration, voltage rating, construction, insulation, installation, and region.
Global Underground Cabling EPC Market: Overview
Underground cables are buried under the ground for electricity supply and acts as a substitute for the traditional overhead cables.
Global Underground Cabling EPC Market: Dynamics
Increasing awareness regarding integration of highly insulated cable infrastructure with measures toward energy-efficient environment in developed as well as developing countries are some of the major factors expected to boost demand for underground cabling EPC and drives growth of the target market. In addition, increasing focus on technological advancements, coupled with increasing demand for reliable as well as safe cable & wire management systems is also expected to play an important role for growth of the global market. Moreover, increasing investments by government and private entities in renewable sector and modification of overhead cables is also anticipated to bolster growth of the target market during the forecast period.
As per the recent report published by Europacable, in 2017, over US$ 170 Bn fund is allocated for build and refurbish 40,000 km submarine and underground cables across the Europe by 2030.
Global Underground Cabling EPC Market: Segment Analysis
Global underground cabling EPC market is segmented on the basis of configuration, voltage rating, construction, insulation, installation, and geography.
On the basis of configuration, the global market is segmented into single core and three core. The three core segment is expected to hold significant share in the target market over the forecast period.
On the basis of voltage rating, the global market is segmented into low tension, high tension, and ultra-high tension. High tension cables segment is expected to register significant growth in the global market over the forecast period.
On the basis of construction, the target market is segmented into belted underground cabling EPC, screened underground cabling EPC, and pressure underground cabling EPC. Belted underground cabling EPC segment accounts for largest market share during the forecast period. Furthermore, screened underground cabling EPC segment is expected to witness lucrative CAGR in the target market over the forecast period.
On the basis of insulation, the target market segmented into PVC, XLPE, and rubber. Higher insulation value, light weight nature and better current capacity are some of the factors expected to bolster growth of the XLPE cable segment over the long run.
By installation, the global market is segmented into direct buried, trough, and tunnels. The direct buried underground cables segment is contributing major revenue share, and is expected to maintain its dominance over the forecast period.
Underground Cabling EPC Market: Regional Analysis
The market in Asia Pacific is expected to grow significantly in terms of revenue over the forecast period, owing to increasing investments in renewable sector, along with technological advancements such as Ultrahigh-Voltage Direct Current (UHVDC) technology in the region. Developing countries such as China and India are expected to grow at a high rate in the forecast period due to the increase in power demand, enhancement of power infrastructure and power capacities in the region. In addition, government initiatives and investments regarding extra high voltage cables and implementation of smart grid technology are some of the major factors expected to boost growth of the target market in the region.
Global Underground Cabling EPC Market Segmentation:
Segmentation by Configuration:
- Single Core
- Three Core
Segmentation by Voltage Rating:
- Low Tension
- High Tension
- Ultra High Tension
Segmentation by Construction:
- Belted underground cabling EPC
- Screened underground cabling EPC
- Pressure underground cabling EPC
Segmentation by Insulation:
- GIL’s (Gas insulated transmission lines)
Segmentation by Installation:
- Direct Buried
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- KEI Industries Ltd.
- Prysmian Group
- Nexans S.A.
- Mastec, Inc.
- KEC International Limited
- Sumitomo Corporation
- Apar Industries Ltd
- Anixter International
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