DALLAS, May 28, 2015 /PRNewswire/ --
The report "High Voltage Cables & Accessories Market by
Type of Use (Overhead, Underground, Submarine), by Overhead
Products (Conductors, Fittings & Fixtures), by Underground and
Submarine Products (XLPE Cables, MI Cables, Cable Joints, Cable
Terminations), and by Region - Global Trends and Forecasts to
2020", defines, segments, analyzes, and forecasts the global
high voltage cables & accessories market. This High Voltage
Cables & Accessories Market is estimated to grow from
$29,024.4 Million in 2015 to
$39,563.3 Million by 2020, at a CAGR
of 6.4% from 2015 to 2020.
Browse 118 market data Tables and 38 Figures spread through
190 Pages and in-depth TOC on "High
Voltage Cables & Accessories Market"
http://www.marketsandmarkets.com/Market-Reports/high-voltage-cable-accessories-market-95892251.html
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report.
The power transmission industry is demanding advanced
transmission networks to transmit high voltage current in order to
have good connections between the shores and mainland stations.
High Voltage Cables & Accessories are joined together to
transport high voltage electricity at long distances. The High
Voltage Cables & Accessories Market is driven by many factors,
such as grid interconnections, offshore wind farm connections,
connections of islands with mainland, power from shore links to
offshore oil & gas installations, and projects integrating
renewable generation with the power transmission grid.
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High voltage cables & accessories are more prevalent in
Asia-Pacific due to the above
mentioned activities. China is the
leading High Voltage Cables & Accessories Market, whereas other
key markets include the U.S., India, Germany, the U.K., Brazil, and Egypt. The manufacturers and service providers
are focusing and creating huge prospects in this service
industry.
Consequently, increasing technologies for reducing power outages
and efficiency of high voltage current transmission system are
continuously encouraging the need for highly reliable and safe
transmission system with high quality cables & accessories.
Hence, governments, private producers & service providers, and
cables & accessories manufacturers are continuously trying to
integrate their existing technologies and develop new ones
extensively to increase the capacity of high voltage transmission
and reduce the impact of high voltage transmission near residential
areas.
This market is dominated by several global players, and the rest
of the market is fragmented between a few regional ones; hence,
contracts & agreements is a key strategy adopted by high
voltage cables & accessories manufacturers and service
providers.
The major players of the market include ABB Ltd. (Switzerland), Prysmian Group (Italy), Sumitomo Electric Industries, Ltd.
(Japan), Nexans (France), NKT Cables (Germany), General Cable Corporation (U.S.),
Encore Wire Corporation (U.S.), Brugg Kabel AG (Switzerland), and Finolex Cables Ltd.
(India).
The market has been categorized based on types of use into
overhead, underground, and submarine. The products segment has been
analyzed separately for each type of use, namely overhead products
(conductors, fittings, & fixtures), underground products (XLPE
cables, MI cables, cable joints, and cable terminations), and
submarine products (XLPE cables, MI cables, cable joints, cable
terminations). The market, with respect to main regions, includes
Asia-Pacific, Europe, North
America, Latin America, and
the Middle East & Africa.
This report segments the global High Voltage Cables &
Accessories Market by type of use, product, and region. It also
focuses on the market share analysis, supply chain analysis, value
chain, Porter's Five Forces analysis, and market metrics such as
drivers, restraints, burning issues, winning imperative, and
opportunities. In addition, 12 key players in the market have also
been profiled, which includes major companies providing high
voltage cables & accessories, installation of cable systems,
and services.
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