Global XLPE Cable Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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MarketResearch.biz delivers in-depth insights on the global XLPE cable market in its upcoming report titled, “Global XLPE Cable Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global XLPE cable market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The 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 report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global XLPE cable market report has been segmented on the basis of installation,voltage, end-use, and region.
This report is based on 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, as well as the current impact in order to make informed forecasts about the scenarios in future.
XLPE cable means cross linked polyethylene insulated aluminum conductor armored cable. It is a basic requirement of power networks that are used in 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 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, light weight nature and better current capacity. Increasing capital spending toward renewable sector, and better construction will further encourage the global market. Increase in investments in offshore wind, grid interconnections, and 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’s insulating and jacketing materials have positively impacted the target market. A number of players have initiated to introduce 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 may hamper market growth.
The global market comprises North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. Asia-Pacific market is expected to grow in the forecast period, owing to factors such as high urbanization rate, technological advancement, and increasing investments in 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 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.
Global XLPE Cable Market Segmentation:
- Submarine Cable
- Oil & Gas
- Metals & Mining
- Infrastructure & Transportation
- 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
- Brugg Kabel AG
- Sumitomo Electric Industries, Ltd.
- ABB Ltd
- The Prysmian Group
- General Cable Corporation
- Nexans S.A.
- Encore Wire Corporation
- NKT A/S
- Finolex Cables Ltd
- Relemac Technologies Pvt. Ltd
- Universal Cables Ltd.
- Eland Cables
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