EUROPE HIGH VOLTAGE CABLE MARKET 2023-2030

Energy, Power & Utilities | Utilities

EUROPE HIGH VOLTAGE CABLE MARKET 2023-2030

Market by Installation, Vertical, and Country Outlook | Forecast 2023-2030

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As per Triton’s research report, the high voltage cable market in Europe is anticipated to obtain a compound annual growth rate of 4.81% during the forecast period 2023-2030.



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The countries studied in the region consist of:

•         United Kingdom

•         Germany

•         France

•        Sweden

•         Spain

•         Italy

•        Poland

•         Rest of Europe

In the region, Germany secures the highest share in the high voltage cable market. The development of offshore wind farms and contemporary grid infrastructure supports the region’s market. Moreover, the growing power demand across Sweden, Poland, and Spain is anticipated to motivate governments to improve grids, further creating demand for HVCs. Presently, these cables have gained significant prominence across industries like cement, mining, paper & pulp, and power utilities.

As per the Federal Ministry of Economics and Technology, Germany’s electricity system is the most reliable in the region. However, some parts of the national grid are at capacity owing to the growing electricity consumption. In this regard, the growing industrial developments have led to investments in power facilities. These developments are thus estimated to elevate the adoption rate of high voltage cables.

Furthermore, the government aims to cover around 80% of the nation’s electricity needs via renewable sources. The nation will upgrade its high voltage power transmission networks to meet this target. Therefore, the factors mentioned above are projected to widen the scope of the high voltage cable market across Germany.

Renewable energy projects such as wind and solar farms require a high amount of HVCs. Here, these cables are used to transmit electricity from renewable energy plants to power grids or directly to facilities. Submarine cables are widely used for offshore renewable energy projects. The market’s growth is assessed in terms of vertical and installation. The installation segment is sectioned into renewable energy, infrastructure, and industrial.

The major companies in the market include NKT Cables, Prysmian Group, Siemens AG, and Southwire Company LLC.

NKT Cables manufactures electrical products for offshore wind farms, wire systems, construction, railways, and onshore power plants. The company operates via multiple business segments, including high voltage onshore, building wire & low voltage, railway medium voltage, and automotive accessories. It has expanded operations across the UK and Sweden, with headquarters in Cologne, Germany.

In December 2022, NKT received a high-voltage cable project to connect offshore platforms in Norway. As per the company, the project comprises onshore and offshore installation, enabling full electrification of the fields.

 

Key deliverables of the report:

      Market CAGR during the forecasting years 2023-2030

      Detailed data highlighting key insights, industry components, and market strategies


      Comprehensive information and estimation of the high voltage cable market revenue growth in Europe and its influence on the parent market


      In-depth study of forthcoming trends in consumer behavioral patterns


      A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces


      A wide-ranging study of factors that will challenge the Europe high voltage cable market’s growth during the upcoming years

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Table of Content

1. EUROPE HIGH VOLTAGE CABLE MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. TECHNOLOGY SNAPSHOT

2.2. PORTER’S FIVE FORCES ANALYSIS

2.2.1. THREAT OF NEW ENTRANTS

2.2.2. THREAT OF SUBSTITUTES

2.2.3. BARGAINING POWER OF BUYERS

2.2.4. BARGAINING POWER OF SUPPLIERS

2.2.5. THREAT OF COMPETITIVE RIVALRY

2.3. MARKET MATURITY ANALYSIS

2.4. INDUSTRY COMPONENTS

2.4.1. RAW MATERIALS

2.4.2. HVC MANUFACTURERS

2.4.3. DISTRIBUTORS

2.4.4. END-USERS

2.5. KEY BUYING IMPACT ANALYSIS

2.5.1. COST

2.5.2. PRODUCT FEATURES

2.5.3. EFFICIENCY

2.6. KEY MARKET STRATEGIES

2.6.1. COLLABORATIONS

2.6.2. PRODUCT LAUNCHES

2.6.3. MERGERS & ACQUISITIONS

2.6.4. BUSINESS DIVESTITURES & EXPANSIONS

2.7. MARKET DRIVERS

2.7.1. INCREASE IN INFRASTRUCTURE ACTIVITIES

2.7.2. DEVELOPMENT IN EMERGING COUNTRIES

2.8. MARKET CHALLENGE

2.8.1. VOLATILE PRICE OF METALS

2.9. MARKET OPPORTUNITIES

2.9.1. RISE IN OFFSHORE POWER PROJECTS

2.9.2. ELECTRICITY DEMAND DUE TO ECONOMIC GROWTH AND INDUSTRIALIZATION

2.10. ANALYST PERSPECTIVE

3. EUROPE HIGH VOLTAGE CABLE MARKET – BY INSTALLATION

3.1. UNDERGROUND

3.2. SUBMARINE

3.3. OVERHEAD

4. EUROPE HIGH VOLTAGE CABLE MARKET – BY VERTICAL

4.1. RENEWABLE ENERGY

4.2. INDUSTRIAL

4.2.1. MINING

4.2.2. OIL & GAS

4.2.3. CHEMICAL & PETROCHEMICAL

4.2.4. POWER & UTILITY

4.2.5. OTHER INDUSTRIAL VERTICALS

4.3. INFRASTRUCTURE

4.3.1. COMMERCIAL

4.3.2. RESIDENTIAL

5. EUROPE HIGH VOLTAGE CABLE MARKET – COUNTRY OUTLOOK

5.1. COUNTRY ANALYSIS

5.1.1. UNITED KINGDOM

5.1.1.1. UNITED KINGDOM HIGH VOLTAGE CABLE MARKET FORECAST & PROSPECTS

5.1.2. GERMANY

5.1.2.1. GERMANY HIGH VOLTAGE CABLE MARKET FORECAST & PROSPECTS

5.1.3. FRANCE

5.1.3.1. FRANCE HIGH VOLTAGE CABLE MARKET FORECAST & PROSPECTS

5.1.4. SWEDEN

5.1.4.1. SWEDEN HIGH VOLTAGE CABLE MARKET FORECAST & PROSPECTS

5.1.5. SPAIN

5.1.5.1. SPAIN HIGH VOLTAGE CABLE MARKET FORECAST & PROSPECTS

5.1.6. ITALY

5.1.6.1. ITALY HIGH VOLTAGE CABLE MARKET FORECAST & PROSPECTS

5.1.7. POLAND

5.1.7.1. POLAND HIGH VOLTAGE CABLE MARKET FORECAST & PROSPECTS

5.1.8. REST OF EUROPE

5.1.8.1. REST OF EUROPE HIGH VOLTAGE CABLE MARKET FORECAST & PROSPECTS

6. COMPETITIVE LANDSCAPE

6.1. DUBAI CABLE COMPANY PVT LTD

6.1.1. OVERVIEW

6.1.2. PRODUCT PORTFOLIO

6.1.3. KEY STRENGTHS

6.1.4. KEY CHALLENGES

6.2. FURUKAWA ELECTRIC CO LTD

6.2.1. OVERVIEW

6.2.2. PRODUCT PORTFOLIO

6.3. FINOLEX CABLE LTD

6.3.1. OVERVIEW

6.3.2. PRODUCT PORTFOLIO

6.4. HITACHI LTD

6.4.1. OVERVIEW

6.4.2. PRODUCT PORTFOLIO

6.4.3. KEY STRENGTHS

6.4.4. KEY CHALLENGES

6.5. NKT CABLES

6.5.1. OVERVIEW

6.5.2. PRODUCT PORTFOLIO

6.5.3. KEY STRENGTHS

6.5.4. KEY CHALLENGES

6.6. NEXANS SA

6.6.1. OVERVIEW

6.6.2. PRODUCT PORTFOLIO

6.6.3. KEY STRENGTHS

6.6.4. KEY CHALLENGES

6.7. PRYSMIAN GROUP

6.7.1. OVERVIEW

6.7.2. PRODUCT PORTFOLIO

6.7.3. KEY STRENGTHS

6.7.4. KEY CHALLENGES

6.8. SIEMENS AG

6.8.1. OVERVIEW

6.8.2. PRODUCT PORTFOLIO

6.8.3. KEY STRENGTHS

6.8.4. KEY CHALLENGES

6.9. SOUTHWIRE COMPANY LLC

6.9.1. OVERVIEW

6.9.2. PRODUCT PORTFOLIO

6.9.3. KEY STRENGTHS

6.9.4. KEY CHALLENGES

6.10. SUMITOMO ELECTRIC INDUSTRIES LTD

6.10.1. OVERVIEW

6.10.2. PRODUCT PORTFOLIO

6.10.3. KEY STRENGTHS

6.10.4. KEY CHALLENGES

7. RESEARCH METHODOLOGY & SCOPE

7.1. RESEARCH SCOPE & DELIVERABLES

7.2. SOURCES OF DATA

7.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: EUROPE HIGH VOLTAGE CABLE MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)

TABLE 2: LIST OF COLLABORATIONS IN THE EUROPE HIGH VOLTAGE CABLE MARKET

TABLE 3: LIST OF PRODUCT LAUNCHES IN THE EUROPE HIGH VOLTAGE CABLE MARKET

TABLE 4: LIST OF MERGERS & ACQUISITIONS IN THE EUROPE HIGH VOLTAGE CABLE MARKET

TABLE 5: LIST OF BUSINESS DIVESTITURES & EXPANSION IN THE EUROPE HIGH VOLTAGE CABLE MARKET

TABLE 6: EUROPE HIGH VOLTAGE CABLE MARKET, BY INSTALLATION, 2023-2030 (IN $ MILLION)

TABLE 7: EUROPE HIGH VOLTAGE CABLE MARKET, BY VERTICAL, 2023-2030 (IN $ MILLION)

TABLE 8: EUROPE HIGH VOLTAGE CABLE MARKET, BY INDUSTRIAL, 2023-2030 (IN $ MILLION)

TABLE 9: EUROPE HIGH VOLTAGE CABLE MARKET, BY INFRASTRUCTURE, 2023-2030 (IN $ MILLION)

TABLE 10: EUROPE HIGH VOLTAGE CABLE MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)

List of Figures

FIGURE 1: MARKET MATURITY ANALYSIS

FIGURE 2: INDUSTRY COMPONENTS

FIGURE 3: KEY BUYING IMPACT ANALYSIS

FIGURE 4: EUROPE HIGH VOLTAGE CABLE MARKET, BY INSTALLATION, 2022 & 2030 (IN %)

FIGURE 5: EUROPE HIGH VOLTAGE CABLE MARKET, BY UNDERGROUND, 2023-2030 (IN $ MILLION)

FIGURE 6: EUROPE HIGH VOLTAGE CABLE MARKET, BY SUBMARINE, 2023-2030 (IN $ MILLION)

FIGURE 7: EUROPE HIGH VOLTAGE CABLE MARKET, BY OVERHEAD, 2023-2030 (IN $ MILLION)

FIGURE 8: EUROPE HIGH VOLTAGE CABLE MARKET, BY VERTICAL, 2022 & 2030 (IN %)

FIGURE 9: EUROPE HIGH VOLTAGE CABLE MARKET, BY RENEWABLE ENERGY, 2023-2030 (IN $ MILLION)

FIGURE 10: EUROPE HIGH VOLTAGE CABLE MARKET, BY INDUSTRIAL, 2023-2030 (IN $ MILLION)

FIGURE 11: EUROPE HIGH VOLTAGE CABLE MARKET, BY INDUSTRIAL, 2022 & 2030 (IN %)

FIGURE 12: EUROPE HIGH VOLTAGE CABLE MARKET, BY MINING, 2023-2030 (IN $ MILLION)

FIGURE 13: EUROPE HIGH VOLTAGE CABLE MARKET, BY OIL & GAS, 2023-2030 (IN $ MILLION)

FIGURE 14: EUROPE HIGH VOLTAGE CABLE MARKET, BY CHEMICAL & PETROCHEMICAL, 2023-2030 (IN $ MILLION)

FIGURE 15: EUROPE HIGH VOLTAGE CABLE MARKET, BY POWER & UTILITY, 2023-2030 (IN $ MILLION)

FIGURE 16: EUROPE HIGH VOLTAGE CABLE MARKET, BY OTHER INDUSTRIAL VERTICALS, 2023-2030 (IN $ MILLION)

FIGURE 17: EUROPE HIGH VOLTAGE CABLE MARKET, BY INFRASTRUCTURE, 2023-2030 (IN $ MILLION)

FIGURE 18: EUROPE HIGH VOLTAGE CABLE MARKET, BY INFRASTRUCTURE, 2022 & 2030 (IN %)

FIGURE 19: EUROPE HIGH VOLTAGE CABLE MARKET, BY COMMERCIAL, 2023-2030 (IN $ MILLION)

FIGURE 20: EUROPE HIGH VOLTAGE CABLE MARKET, BY RESIDENTIAL, 2023-2030 (IN $ MILLION)

FIGURE 21: EUROPE HIGH VOLTAGE CABLE MARKET, BY COUNTRY OUTLOOK, 2022 & 2030 (IN %)

FIGURE 22: UNITED KINGDOM HIGH VOLTAGE CABLE MARKET 2023-2030 (IN $ MILLION)

FIGURE 23: GERMANY HIGH VOLTAGE CABLE MARKET 2023-2030 (IN $ MILLION)

FIGURE 24: FRANCE HIGH VOLTAGE CABLE MARKET 2023-2030 (IN $ MILLION)

FIGURE 25: SWEDEN HIGH VOLTAGE CABLE MARKET 2023-2030 (IN $ MILLION)

FIGURE 26: SPAIN HIGH VOLTAGE CABLE MARKET 2023-2030 (IN $ MILLION)

FIGURE 27: ITALY HIGH VOLTAGE CABLE MARKET 2023-2030 (IN $ MILLION)

FIGURE 28: POLAND HIGH VOLTAGE CABLE MARKET 2023-2030 (IN $ MILLION)

FIGURE 29: REST OF EUROPE HIGH VOLTAGE CABLE MARKET 2023-2030 (IN $ MILLION)

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