HV & EHV Underground Cables Market Report Forecast 2022-2028

rushi

posted on 2 years ago — updated on 1 second ago

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The global HV & EHV Underground Cables market size is estimated to be worth US$ 9,594.77 million in 2022 and is forecast to a readjusted size of US$ 12,916.44 million by 2028 with a CAGR of 5.08% during the forecast period 2022-2028.

HV & EHV Underground Cables Market

Fully considering the economic change by this health crisis, HV accounting for 70.56% of the HV & EHV Underground Cables global market in 2021, is projected to value US$ 8,541.84 million by 2028, growing at a revised 4.07% CAGR from 2022 to 2028. While Direct Current segment is altered to an 5.95% CAGR throughout this forecast period.

Report Sample includes:

-Table of Contents

- List of Tables & Figures

- Charts

-Research Methodology

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This report focuses on HV & EHV Underground Cables volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall HV & EHV Underground Cables market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China, Japan, etc.

The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

By Company

The global major manufacturers of HV & EHV Underground Cables include Prysmian Group, Nexans, Southwire, Hengtong Group, Furukawa Electric, Sumitomo Electric Industries, and etc. In terms of revenue, the global three largest players hold a 37.07% market share of HV & EHV Underground Cables in 2021.

Prysmian Group
Nexans
Southwire
Hengtong Group
Furukawa Electric
Sumitomo Electric Industries
Qrunning Cable
LS Cable & System
Taihan Electric
Riyadh Cable
NKT Cables

Segment by Type

Segment by Application

Direct Current
Alternative Current

Consumption by Region

North America HV & EHV Underground Cables market size was US$ 1,378.21 million in 2021, while Europe was US$ 2,236.61 million. The proportion of the North America was 15.38% in 2021, while Europe's percentage was 24.95%, and it is predicted that Europe market share will reach 23.39% in 2028, trailing a CAGR of 3.91% through the analysis period. As for the Asia, the notable markets are Japan and South Korea, CAGR is 2.76% and 4.51% respectively for the next 6-year period.