Market by Installation, Vertical, and Country Outlook | Forecast 2023-2030
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:
•       Â
United Kingdom
•       Â
Germany
•       Â
France
•        Sweden
•       Â
Spain
•       Â
Italy
•        Poland
•       Â
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.
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Key deliverables of the report:
â—ŹÂ Â Â Â Â Market CAGR during the forecasting years 2023-2030
â—ŹÂ Â Â Â Â Detailed data highlighting key insights, industry components, and market strategies
â—ŹÂ Â Â Â Â Comprehensive information and estimation of the high voltage cable market revenue growth in Europe and its influence on the parent market
â—ŹÂ Â Â Â Â In-depth study of forthcoming trends in consumer behavioral patterns
●     A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces
â—ŹÂ Â Â Â Â
A wide-ranging study of factors that will challenge the Europe
high voltage cable market’s growth during the upcoming years
Want to get specific insights? Our team of
analysts can customize this report based on your preferences. Connect with us here.Â
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VIEW REPORT1. 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
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)
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)