Market by Installation, Vertical, and Country Outlook | Forecast 2023-2030
Triton Market Research’s report states that the high voltage cable market in North America is estimated to progress with a compound annual growth rate of 4.24% during the forecast years 2023-2030.
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The
countries explored in the region are:
•
United States
•
Canada
The
United States hosts the largest market in North America. The market’s growth is supported by increasing
electricity production and renewable projects. Moreover, government
initiatives, such as investment and policies for clean energy projects, have
supported the adoption of HVCs, creating multiple growth avenues for the high
voltage cable market.
In the US, the government has invested heavily
in solar power plants, wind farms, and other renewable energy projects. Besides
this, numerous leading players have entered the market to expand their footing.
For instance, Sumitomo Electric Industries expanded its business in San
Francisco Bay by installing submarine power cables.
Furthermore, the rise in oil and gas exploration
activities and growing construction projects have created high demand for high
voltage cables. Given these trends, the high voltage cable market in the US is
anticipated to witness significant growth over the forecast period.
Furthermore, in Canada, the government has
stated its plan to phase out coal-fired electricity by 2030. The provinces of Alberta,
Saskatchewan, and British Columbia have announced strategies for electricity
generation from clean sources. These steps will elevate the deployment of
energy technologies, creating opportunities for the HVC market.
The huge machine that operates in industries
needs high voltage and current to function. In this regard, high voltage cables
are widely opted for electric power transmission from main grids to substations
in industrial settings. While underground and overhead cables are used in
industries like mining and power utilities, submarine cables have gained
traction in the oil & gas industry. The
market’s scope is determined based on vertical and installation. The
vertical segment includes industrial, infrastructure, and renewable energy.
The renowned companies in the market include
Prysmian Group, Siemens AG, Southwire Company LLC, and Sumitomo Electric
Industries Ltd.
Southwire Company LLC is a private US-based
company headquartered in Georgia. The company serves clients across the mining,
transmission, and renewable energy sectors. Its business segments include
energy, electrical, industrial, OEM, and engineered products. Also, its product
line comprises aluminum building wire, automotive cables, building wire, and
others.
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 North America 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 NA 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.
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VIEW REPORT1. NORTH
AMERICA 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
DRIVER
2.7.1. INCREASE
IN INFRASTRUCTURE ACTIVITIES
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. NORTH
AMERICA HIGH VOLTAGE CABLE MARKET – BY INSTALLATION
3.1. UNDERGROUND
3.2. SUBMARINE
3.3. OVERHEAD
4. NORTH
AMERICA 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. NORTH
AMERICA HIGH VOLTAGE CABLE MARKET – COUNTRY OUTLOOK
5.1. COUNTRY
ANALYSIS
5.1.1. UNITED
STATES
5.1.1.1. UNITED
STATES HIGH VOLTAGE CABLE MARKET FORECAST & PROSPECTS
5.1.2. CANADA
5.1.2.1. CANADA
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: NORTH AMERICA
HIGH VOLTAGE CABLE MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 2: LIST OF
COLLABORATIONS IN THE NORTH AMERICA HIGH VOLTAGE CABLE MARKET
TABLE 3: LIST OF
PRODUCT LAUNCHES IN THE NORTH AMERICA HIGH VOLTAGE CABLE MARKET
TABLE 4: LIST OF MERGERS
& ACQUISITIONS IN THE NORTH AMERICA HIGH VOLTAGE CABLE MARKET
TABLE 5: LIST OF
BUSINESS DIVESTITURES & EXPANSION IN THE NORTH AMERICA HIGH VOLTAGE CABLE
MARKET
TABLE 6: NORTH AMERICA
HIGH VOLTAGE CABLE MARKET, BY INSTALLATION, 2023-2030 (IN $ MILLION)
TABLE 7: NORTH AMERICA
HIGH VOLTAGE CABLE MARKET, BY VERTICAL, 2023-2030 (IN $ MILLION)
TABLE 8: NORTH AMERICA
HIGH VOLTAGE CABLE MARKET, BY INDUSTRIAL, 2023-2030 (IN $ MILLION)
TABLE 9: NORTH AMERICA
HIGH VOLTAGE CABLE MARKET, BY INFRASTRUCTURE, 2023-2030 (IN $ MILLION)
TABLE 10: NORTH AMERICA
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: NORTH AMERICA
HIGH VOLTAGE CABLE MARKET, BY INSTALLATION, 2022 & 2030 (IN %)
FIGURE 5: NORTH AMERICA
HIGH VOLTAGE CABLE MARKET, BY UNDERGROUND, 2023-2030 (IN $ MILLION)
FIGURE 6: NORTH AMERICA
HIGH VOLTAGE CABLE MARKET, BY SUBMARINE, 2023-2030 (IN $ MILLION)
FIGURE 7: NORTH AMERICA
HIGH VOLTAGE CABLE MARKET, BY OVERHEAD, 2023-2030 (IN $ MILLION)
FIGURE 8: NORTH AMERICA
HIGH VOLTAGE CABLE MARKET, BY VERTICAL, 2022 & 2030 (IN %)
FIGURE 9: NORTH AMERICA
HIGH VOLTAGE CABLE MARKET, BY RENEWABLE ENERGY, 2023-2030 (IN $ MILLION)
FIGURE 10: NORTH
AMERICA HIGH VOLTAGE CABLE MARKET, BY INDUSTRIAL, 2023-2030 (IN $ MILLION)
FIGURE 11: NORTH
AMERICA HIGH VOLTAGE CABLE MARKET, BY INDUSTRIAL, 2022 & 2030 (IN %)
FIGURE 12: NORTH
AMERICA HIGH VOLTAGE CABLE MARKET, BY MINING, 2023-2030 (IN $ MILLION)
FIGURE 13: NORTH AMERICA
HIGH VOLTAGE CABLE MARKET, BY OIL & GAS, 2023-2030 (IN $ MILLION)
FIGURE 14: NORTH
AMERICA HIGH VOLTAGE CABLE MARKET, BY CHEMICAL & PETROCHEMICAL, 2023-2030
(IN $ MILLION)
FIGURE 15: NORTH
AMERICA HIGH VOLTAGE CABLE MARKET, BY POWER & UTILITY, 2023-2030 (IN $
MILLION)
FIGURE 16: NORTH
AMERICA HIGH VOLTAGE CABLE MARKET, BY OTHER INDUSTRIAL VERTICALS, 2023-2030 (IN
$ MILLION)
FIGURE 17: NORTH
AMERICA HIGH VOLTAGE CABLE MARKET, BY INFRASTRUCTURE, 2023-2030 (IN $ MILLION)
FIGURE 18: NORTH
AMERICA HIGH VOLTAGE CABLE MARKET, BY INFRASTRUCTURE, 2022 & 2030 (IN %)
FIGURE 19: NORTH
AMERICA HIGH VOLTAGE CABLE MARKET, BY COMMERCIAL, 2023-2030 (IN $ MILLION)
FIGURE 20: NORTH
AMERICA HIGH VOLTAGE CABLE MARKET, BY RESIDENTIAL, 2023-2030 (IN $ MILLION)
FIGURE 21: NORTH
AMERICA HIGH VOLTAGE CABLE MARKET, BY COUNTRY OUTLOOK, 2022 & 2030 (IN %)
FIGURE 22: UNITED
STATES HIGH VOLTAGE CABLE MARKET 2023-2030 (IN $ MILLION)
FIGURE 23: CANADA HIGH
VOLTAGE CABLE MARKET 2023-2030 (IN $ MILLION)