Global
High Voltage
Cables & Accessories Market
is segmented on the basis of type, product, end users, and region. High voltage
cable systems are the backbone of electrical energy supply. Technically
sophisticated high voltage cable solutions are needed for both megacities and
the expansion of the power supply. A cable includes a conductor and insulation,
and is suitable for being run underground or underwater. High voltage cables of different types have a
variety of applications in instruments, ignition systems, and AC and DC power
transmission. Cable joints and terminals must be designed to control the
high-voltage stress to prevent breakdown of the insulation. Frequently a high
voltage cable will have a metallic shield layer over the insulation, connected
to the ground and designed to level the dielectric stress on the insulation
layer. High voltage cables may consist of any length, with relatively shorter
cables used in apparatus, longer cables do run within buildings or as buried
ones in an industrial plant or to distribute power, and the longest cables
often run as submarine cables under ocean for power transmission.

Increasing
growth of offshore wind farms, and projects for grid interconnections benefit
the high voltage cable market. Whereas, complex planning and approval
procedures delay projects, regulatory environment & funding constraints are
the restraining factors of overall market. High Voltage Cables &
Accessories Market is classified, by type into Overhead, Underground, Submarine.
Underground cable systems are approved by many countries to reduce transmission
losses and reduce outages by providing continuous power supply. The underground
cables & accessories market is driven by the need for greater power to be
supplied to urban areas, along with a rising resistance to overhead
transmission lines near residential areas. High Voltage Cables &
Accessories Market is classified, by product into overhead product (Conductors,
Fittings & Fixtures), Underground & Submarine Products (XLPE Cables, MI
Cables, Cable Joints, Cable Terminations).
XLPE
also known as cross-linked polyethylene cables are the most commonly used
cables in undergrounding systems. The cable has advanced technology
significantly, which has allowed the use of XLPE cables over the fluid-filled
cable technology. XLPE provides insulation to cables to make it endure the
electric field under rated and transient operating conditions. XLPE cable was
the biggest segment for the underground cable systems market in 2015. High
Voltage Cables & Accessories Market is classified, by end users into
Industrial (Oil & Gas, Mining, Power Utilities, Chemical &
Petrochemical and others), Renewable Energy (Wind, Hydropower, tidal, and
others), and Infrastructure (Commercial, Residential). High Voltage Cables
& Accessories Market is segmented, geographically into North America,
Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle
East and Africa.
Asia
Pacific accounted for the largest market share of the High Voltage
& Accessories Market and is
expected to remain dominant over the forecast period. China is leading the
regional high voltage cables and accessories market. The service providers and
manufacturers are focusing as well as creating huge prospects in the service
industry. Besides, private producers & service providers, governments, and
manufacturers of cables & accessories are continuously trying to integrate
their existing technologies and develop novel ones broadly for increasing the
capacity of high voltage transmission and lessening the impact of high voltage
transmission adjoining residential areas.
Middle
East & Africa is the fastest growing region in the High Voltage Cables and
Accessories Market. This is due to increasing demand for High Voltage Cables
& Accessories is accredited by the investments in T&D, directed by
growing infrastructure developments, and developing offshore wind energy generations
activities, with a focus on generating electricity domestically. High Voltage
Cables & Accessories Market key players are NKT cables Group, Nexans,
Prysmian Group, Finolex Cables Ltd., Siemens, ABB Group, Cable Corporation of
India Ltd., Brugg Kabel AG and Synergy Cables Ltd.
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