Sign Up

Captcha Click on image to update the captcha.

Have an account? Sign In Now

Sign In

Forgot Password?

Don't have account, Sign Up Here

Forgot Password

Lost your password? Please enter your email address. You will receive a link and will create a new password via email.

Have an account? Sign In Now

You must login to ask a question.

Forgot Password?

Need An Account, Sign Up Here

You must login to add post.

Forgot Password?

Need An Account, Sign Up Here

Please briefly explain why you feel this question should be reported.

Please briefly explain why you feel this answer should be reported.

Please briefly explain why you feel this user should be reported.

Sign InSign Up

Find Authority

Find Authority Logo Find Authority Logo

Find Authority Navigation

  • Home

Mobile menu

Close
Ask a Question
  • Home
  • Recent Questions
  • Topics
  • Home
Home/Questions/Q 1178
Next
In Process
Teleco
  • 1
TelecoLevel 3
Asked: December 2, 20192019-12-02T15:20:02+00:00 2019-12-02T15:20:02+00:00In: Energy

What is the market size for high voltage power cables?

  • 1
What is the market size for high voltage power cables?

High voltage refers to the voltage level above the normal standard or threshold. High power cables are used for high transmission and distribution of power at high voltages.

These cables are equipped with one or more conductors and insulators. They are ideal for various applications such as in overhead lines, for industrial purpose and can be used as a submarine cable for power transmission.

How will the increased penetration of renewable energy affect the growth of the market for high voltage cables? What are the leading companies in global high voltage power cables?

cablesmarket size
  • 1 1 Answer
  • 0
Share
  • Facebook

    Leave an answer
    Cancel reply

    You must login to add an answer.

    Forgot Password?

    Need An Account, Sign Up Here

    1 Answer

    • Oldest
    1. Electronics Guru Level 5
      2019-12-02T15:29:01+00:00Added an answer on December 2, 2019 at

      The global high voltage cables market size accounted for US$ 30 billion in 2018 and is expected to reach by US$ 51.3 billion in 2027.

      The global demand for high power voltage cable is mainly boosted by rising power demand coming from different industries and energy distribution centres in recent years. Around the world, power companies are heavily investing in developments and up-gradation of their aged infrastructure to meet the requirement for electricity transmission.

      Factors such as energy infrastructure development, coherent energy-efficient systems integration, grids centralisation and decentralisation projects will be likely to support the high voltage cables market.

      Investments in new power grids along with new transmission lines set up for renewable energy of power generation and 100% electrification plans set by major countries will positively impact high voltage cables market growth. However, fluctuations in raw materials prices will hamper the global high voltage cable market.

      The global market players in the high voltage power cables markets are ABB, Elseweddy, Furukawa Electric, General cables, Nexans, NTS and Prysmian Group.

      These market players are concentrating heavily on strategic market initiatives to enhance their production capacity and expand their geographical presence globally. Thus, in turn, boost the growth of the market for high voltage power cables.

      • 0
      • Reply
      • Share
        Share
        • Share on Facebook
        • Share on Twitter
        • Share on LinkedIn
        • Share on WhatsApp

    Sidebar

    Advanced Search
    Ask A Question

    Related Questions

    • What is the difference between UPS and inverters?

    • What are the differences between power and voltage amplifier?

    • What is the main difference between humidifier and dehumidifier?

    • What are the types of electrical power distribution system?

    • What is the difference between an underground transmission line and ...

    Explore

    • Home
    • Recent Questions
    • Topics

    Footer

    Find Authority

    Find Authority

    Find Authority is a professional networking and crowdsourcing platform which helps enhance members credentials and create opportunities.

    About Us

    • About Us
    • Careers
    • Contact Us

    Legal Stuff

    • Terms and Conditions
    • Privacy Policy
    • Cookie Policy

    Supprt

    • Help Centre
    • Badges

    Follow

    © 2020 Find Authority. All Rights Reserved

    Insert/edit link

    Enter the destination URL

    Or link to existing content

      No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.