In a recent published report, Kenneth Research has updated the market report for XLPE Cable Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for XLPE Cable Market products.
Cross-linked polyethylene (XLPE) is a high-quality insulation material with excellent electrical properties. Power cables account for the important component of power networks that are used in transmission and distribution. Thus, cables need huge attention as they are more prone to hazards and accidents. They are typically used in power transmission & distribution. The cables are insulated with a variety of materials such as Polyvinyl chloride, polyethene, polyurethane, nylon, ethylene propylene diene monomer, thermoplastic elastomers, and many others, but XLPE is the best insulating material due to its ability to hold short circuit current capacity. These cables are made, considering the high-quality conscious environment with testing and inspection from raw material to finished cable stage. XLPE cables hold significance in long transmission networks, mainly for 6kV-35kV transmission lines.
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The world is focusing on increasing the energy generation from renewable sources, but the electricity generation location is generally very far from the consumption area. Thus, cables are gaining attention to maintain the gap between the renewable energy generation points to the grids. This drives the market for XLPE cables as the transmission losses in XLPE cables are less and this makes the cables appropriate for long distances. Furthermore, the durability of XLPE cables over other insulated cables, drives the global XLPE market. XLPE cables are capable of carrying the current under different temperatures and are able to perform in harsh conditions. For an instance, these cables are best suited for working voltage of 240 V to 500V.
For the purpose of study, global XLPE cable market has been segmented based on installations, voltage, end-user, and region. Based on installation, the market has been segmented into overhead, underground, and submarine. Among them, underground segment accounts for the largest market size due to their high efficiency and low exposure to accidents. On the basis of voltage, the XLPE cables market is segmented as high, medium, and low. Low voltage segment is dominating owing to its wide end-use application from the distribution networks. On the basis of end-use, the market is further classified as power, oil & gas, chemical, manufacturing, metals & mining, infrastructure & transportation, and others. Power segment is dominating as power cables are used in every segment. On the basis of region, market is segmented into the four regions of Americas, Europe, Asia Pacific, and Middle East & Africa.
Key Players
The key players of global XLPE cable market are Brugg Kabel AG (Switzerland), Sumitomo Electric Industries, Ltd.(Japan), ABB Ltd(Switzerland), The Prysmian Group (Italy), and General Cable Corporation (U.S.). Nexans S.A.( France), Encore Wire Corporation (U.S.), NKT A/S (Denmark), Finolex Cables Ltd (India), Relemac Technologies Pvt. Ltd (India), Laser Power & Infra Pvt. Ltd (India), KEI Industries Limited (India), Universal Cables Ltd.(India), and Eland Cables (U.K.) are among others.
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Objectives of Global XLPE cable Market Analysis & Forecast, 2017 – 2023
• To provide detailed analysis of the market structure along with forecast for the next six years of various segments and sub-segments of the global XLPE Cable market
• To analyze the global XLPE Cable market based on various tools such as Supply Chain Analysis, and Porter’s Five Forces Analysis
• To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
• To provide country-level analysis of the market with respect to the current market size and future prospective
• To provide country-level analysis of the market for segments by installation, voltage , end-user, and region
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the XLPE cable market
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Target Audience
• Manufactures
• Research Institute & education institute
• Power industry
• Transmission and distribution industry.
• Health, safety, and environment organizations.
Key Findings
• Global XLPE cable market is estimated to reach USD 12,142.7 million by 2023.
• By installation, underground segment accounted for the largest market with a market value of USD 9,876.87 million, in 2016, progressing at the highest CAGR of 6.74% during the forecast period.
• Based on voltage, low voltage segment dominates the market in 2016, with a market value of USD 4,213.5 million, which is projected to rise at the highest CAGR of 6.79%.
• Based on end-use, power segment accounted for the largest market size in 2016, with market value of USD 6,401.63 million, and is expected to progress at the highest CAGR of 6.76%.
• Geographically, Americas region has been projected to have the largest market share of 39.87% in the global XLPE cable market.
Regional and Country Analysis of global XLPE cable market Estimation and Forecast
Geographically, Americas dominate the global XLPE cables market. In the region, U.S. is the largest market for XLPE cables, owing to the advanced power systems in the country. Besides, the industrial segment is the highest in U.S., which drives the market for XLPE cables in the country. Europe is the second largest market for XLPE cables. In the region, Germany has the largest market size due to the country’s focus on increased renewable energy generation from solar, enhancing the efficiency of the transmission and distribution segment. Asia Pacific is the fastest growing region in XLPE cable market as the region is experiencing high demand for power and industrialization and urbanization. This drives the market in the Asia Pacific region. China, Japan, and India are the key contributors in the region.
The reports also cover country-level analysis:
Americas
• U.S.
• Canada
• South America
Europe
• Germany
• U.K
• France
• Italy
• Spain
Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
Middle East & Africa
• Middle East
• Africa
About Us
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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