Global XLPE Cable Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

The XLPE Cable Market Report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.

The XLPE Cable Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, and future strategies, acquisitions & mergers, and market footprint.

The global XLPE cable market report has been segmented on the basis of installation, voltage, end-user, and region.

This XLPE Cable Market report is based on the synthesis, analysis, and interpretation of information gathered regarding the target market from various sources.

Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.

In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically and the current impact to make informed forecasts about the scenarios in the future.

XLPE Cable Market Overview:

“The XLPE Cable 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.”

XLPE cable means cross-linked polyethylene insulated aluminum conductor armored cable.

It is a basic requirement of power networks that are used in the transmission and distribution of electricity to the point of consumption. Depending on the application, these cables are classified into four voltage categories; low voltage, medium voltage, high voltage, and extra-high voltage, and are used in 600V to 1000 kV transmission lines.

XLPE cables are used for long routes where the dielectric losses play a major role. Such cables have better insulation value, lightweight nature, and better current capacity.

Increasing capital spending on the renewable sector, and better construction will further encourage the global market.

An increase in investments in offshore wind, grid interconnections, an increase in power generation, and increase usage of XLPE cables to improve efficiency are some of the factors boosting demand for the target product.

Moreover, better resistance to water, chemicals, and oils would offer abundant growth opportunities to the market.

Innovations in the design of XLPE cable insulating and jacketing materials have positively impacted the target market. A number of players have initiated to introduce of various improvements.

Recently in 2016, Prysmian Group, a leading player in the cables market, introduced P-laser, which has high-performance insulating system technology (HPTE) that can replace the commonly used medium voltage cross-linked polyethylene insulated cables. However, complex authorization procedures leading to delays, and fluctuating raw material prices are some of the factors that may hamper the market growth.

The global market comprises North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

The Asia-Pacific market is expected to grow in the forecast period, owing to factors such as the high urbanization rate, technological advancement, and increasing investments in the renewable sector.

Emerging countries such as China, India, and Japan, and is estimated to grow at a high rate in the forecast period due to the increase in power demand and implementation of smart grid technology in the region.

According to the state council of China, China’s major west-to-east ultra-high voltage direct current (UHV DC) power transmission line in smooth operation, has transmitted over 100 billion kilowatt-hours of clean electricity.

XLPE Cable Market Segmentation:

By Installation:

• Overhead
• Underground
• Submarine Cable

By Voltage:

• High
• Medium
• Low

By End-Use:

• Power
• Oil & Gas
• Chemical
• Manufacturing
• Metals & Mining
• Infrastructure & Transportation
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa