Global Underground Cabling EPC Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
The Underground Cabling EPC Market has been segmented on the basis of configuration, voltage rating, construction, insulation, installation, and region.
Underground Cabling EPC Market: Overview
“The Underground Cabling EPC Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Underground cables are buried under the ground for electricity supply and act as a substitute for the traditional overhead cables.
Underground Cabling EPC Market: Dynamics
Increasing awareness regarding the integration of highly insulated cable infrastructure with measures toward the energy-efficient environment in developed as well as developing countries is some of the major factors expected to boost demand for underground cabling EPC and drives the 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 in the growth of the global market.
Moreover, increasing investments by government and private entities in the renewable sector and modification of overhead cables are also anticipated to bolster the growth of the target market during the forecast period.
As per the recent report published by Europacable, in 2017, over US$ 170 Bn funds is allocated to build and refurbish 40,000 km of the submarine and underground cables across Europe by 2030.
Underground Cabling EPC Market: Segment Analysis
The 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 a 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. The 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 the 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 is segmented into PVC, XLPE, and rubber. Higher insulation value, lightweight nature, and better current capacity are some of the factors expected to bolster the 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 the Asia Pacific is expected to grow significantly in terms of revenue over the forecast period, owing to increasing investments in the 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 the implementation of smart grid technology are some of the major factors expected to boost the growth of the target market in the region.
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
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- KEI Industries Ltd.
- Prysmian Group
- Nexans S.A.
- Mastec, Inc.
- KEC International Limited
- Sumitomo Corporation
- Apar Industries Ltd
- Anixter International
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