Market by Installation, Vertical, and Country Outlook | Forecast 2023-2030
According to Triton’s research report, the high voltage cable market in Asia-Pacific is expected to display growth with a CAGR of 6.29% during the forecasted period 2023-2030.
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The
countries explored in the studied region include:
•       Â
China
•       Â
Japan
•       Â
India
•       Â
South Korea
•       Â
ASEAN Countries
•       Â
Australia & New Zealand
•       Â
Rest of Asia-Pacific
China
holds the majority of the shares in the high voltage cable market. The region’s robust growth is primarily owing
to the rise in industrialization and urbanization. Several nations, including
China, Japan, and India, have witnessed a significant rise in electricity
demand, which has accelerated the adoption of HVCs for electricity
transmission. As a result, numerous players have invested in these cables to
gain a competitive edge, thereby driving the overall market.
In China, the government has placed a high
priority on renewable energy to tackle problems pertaining to air and water
pollution. This has led to the introduction of various initiatives to upgrade
grid technology. Further, the rise in industrialization due to the availability
of lower set-up costs and labor has elevated the adoption of high-voltage
cables across industries. Hence, the growing environmental concerns and rapid
industrialization creates growth avenues for the HVC market.
Considering Japan, the market is showing stable
growth due to developments in the renewable energy sector. As per industry
sources, the nation’s renewable energy segment is estimated to soar sevenfold
over the next 15 years. Such developments are anticipated to boost the high voltage
cable market on a growth path over the forecast period.
Power distribution under the water’s surface is
supported using submarine high-voltage cables. These cables are usually
employed to transport power from offshore electricity plants like solar and
wing to onshore power grids. They are made of copper or aluminum and protected
from high-pressure deep water by XLPE insulation, metal sheath, bedding, and
armor. The market’s growth is determined
based on installation and vertical. The installation segment is divided
into submarine, underground, and overhead.
The
key companies in the studied market include Furukawa Electric Co Ltd, NKT
Cables, Nexans SA, Hitachi Ltd, and Siemens AG.
Furukawa Electric Co Ltd is engaged in
manufacturing and selling telecommunication, energy, automobile, construction,
and electronics products. The company’s key offerings include wiring materials,
power cables, optical components, connectors, electronics, LED reflectors, and
conductors, among others. The company serves clients across multiple sectors,
with headquarters located in Tokyo, Japan.
In March 2022, Furukawa and SL Development
Construction Corporation obtained a submarine power transmission project in the
Philippines. The delivery and completion of the cable system are programmed for
2023.
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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 the Asia-Pacific 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 APAC 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. ASIA-PACIFIC
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. ASIA-PACIFIC
HIGH VOLTAGE CABLE MARKET – BY INSTALLATION
3.1. UNDERGROUND
3.2. SUBMARINE
3.3. OVERHEAD
4. ASIA-PACIFIC
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. ASIA-PACIFIC
HIGH VOLTAGE CABLE MARKET – COUNTRY OUTLOOK
5.1. COUNTRY
ANALYSIS
5.1.1. CHINA
5.1.1.1. CHINA
HIGH VOLTAGE CABLE MARKET FORECAST & PROSPECTS
5.1.2. JAPAN
5.1.2.1. JAPAN
HIGH VOLTAGE CABLE MARKET FORECAST & PROSPECTS
5.1.3. INDIA
5.1.3.1. INDIA
HIGH VOLTAGE CABLE MARKET FORECAST & PROSPECTS
5.1.4. SOUTH
KOREA
5.1.4.1. SOUTH
KOREA HIGH VOLTAGE CABLE MARKET FORECAST & PROSPECTS
5.1.5. ASEAN
COUNTRIES
5.1.5.1. ASEAN
COUNTRIES HIGH VOLTAGE CABLE MARKET FORECAST & PROSPECTS
5.1.6. AUSTRALIA
& NEW ZEALAND
5.1.6.1. AUSTRALIA
& NEW ZEALAND HIGH VOLTAGE CABLE MARKET FORECAST & PROSPECTS
5.1.7. REST
OF ASIA-PACIFIC
5.1.7.1. REST
OF ASIA-PACIFIC 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: ASIA-PACIFIC
HIGH VOLTAGE CABLE MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 2: LIST OF
COLLABORATIONS IN THE ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET
TABLE 3: LIST OF
PRODUCT LAUNCHES IN THE ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET
TABLE 4: LIST OF MERGERS
& ACQUISITIONS IN THE ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET
TABLE 5: LIST OF
BUSINESS DIVESTITURES & EXPANSION IN THE ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET
TABLE 6: ASIA-PACIFIC
HIGH VOLTAGE CABLE MARKET, BY INSTALLATION, 2023-2030 (IN $ MILLION)
TABLE 7: ASIA-PACIFIC
HIGH VOLTAGE CABLE MARKET, BY VERTICAL, 2023-2030 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC
HIGH VOLTAGE CABLE MARKET, BY INDUSTRIAL, 2023-2030 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC
HIGH VOLTAGE CABLE MARKET, BY INFRASTRUCTURE, 2023-2030 (IN $ MILLION)
TABLE 10: ASIA-PACIFIC
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: ASIA-PACIFIC
HIGH VOLTAGE CABLE MARKET, BY INSTALLATION, 2022 & 2030 (IN %)
FIGURE 5: ASIA-PACIFIC
HIGH VOLTAGE CABLE MARKET, BY UNDERGROUND, 2023-2030 (IN $ MILLION)
FIGURE 6: ASIA-PACIFIC
HIGH VOLTAGE CABLE MARKET, BY SUBMARINE, 2023-2030 (IN $ MILLION)
FIGURE 7: ASIA-PACIFIC
HIGH VOLTAGE CABLE MARKET, BY OVERHEAD, 2023-2030 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC
HIGH VOLTAGE CABLE MARKET, BY VERTICAL, 2022 & 2030 (IN %)
FIGURE 9: ASIA-PACIFIC
HIGH VOLTAGE CABLE MARKET, BY RENEWABLE ENERGY, 2023-2030 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC
HIGH VOLTAGE CABLE MARKET, BY INDUSTRIAL, 2023-2030 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC
HIGH VOLTAGE CABLE MARKET, BY INDUSTRIAL, 2022 & 2030 (IN %)
FIGURE 12: ASIA-PACIFIC
HIGH VOLTAGE CABLE MARKET, BY MINING, 2023-2030 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC
HIGH VOLTAGE CABLE MARKET, BY OIL & GAS, 2023-2030 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC
HIGH VOLTAGE CABLE MARKET, BY CHEMICAL & PETROCHEMICAL, 2023-2030 (IN $
MILLION)
FIGURE 15: ASIA-PACIFIC
HIGH VOLTAGE CABLE MARKET, BY POWER & UTILITY, 2023-2030 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC
HIGH VOLTAGE CABLE MARKET, BY OTHER INDUSTRIAL VERTICALS, 2023-2030 (IN $
MILLION)
FIGURE 17: ASIA-PACIFIC
HIGH VOLTAGE CABLE MARKET, BY INFRASTRUCTURE, 2023-2030 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC
HIGH VOLTAGE CABLE MARKET, BY INFRASTRUCTURE, 2022 & 2030 (IN %)
FIGURE 19: ASIA-PACIFIC
HIGH VOLTAGE CABLE MARKET, BY COMMERCIAL, 2023-2030 (IN $ MILLION)
FIGURE 20: ASIA-PACIFIC
HIGH VOLTAGE CABLE MARKET, BY RESIDENTIAL, 2023-2030 (IN $ MILLION)
FIGURE 21: ASIA-PACIFIC
HIGH VOLTAGE CABLE MARKET, BY COUNTRY OUTLOOK, 2022 & 2030 (IN %)
FIGURE 22: CHINA HIGH
VOLTAGE CABLE MARKET 2023-2030 (IN $ MILLION)
FIGURE 23: JAPAN HIGH
VOLTAGE CABLE MARKET 2023-2030 (IN $ MILLION)
FIGURE 24: INDIA HIGH
VOLTAGE CABLE MARKET 2023-2030 (IN $ MILLION)
FIGURE 25: SOUTH KOREA
HIGH VOLTAGE CABLE MARKET 2023-2030 (IN $ MILLION)
FIGURE 26: ASEAN
COUNTRIES HIGH VOLTAGE CABLE MARKET 2023-2030 (IN $ MILLION)
FIGURE 27: AUSTRALIA
& NEW ZEALAND HIGH VOLTAGE CABLE MARKET 2023-2030 (IN $ MILLION)
FIGURE 28: REST OF
ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET 2023-2030 (IN $ MILLION)