Europe Medium Voltage Cable and Accessories Market
No. of Pages: 103 | Report Code: BMIRE00029798 | Category: Electronics and Semiconductor
No. of Pages: 103 | Report Code: BMIRE00029798 | Category: Electronics and Semiconductor
Construction of various commercial and residential buildings is growing worldwide, majorly in developing countries. In July 2021, according to the TASS, a Russian news agency, the commissioning of housing in the country increased by 28.4% in the first 5 months of 2021 compared to 2020. The residential construction is attributed to the rising demand for houses due to record-low interest rates, rising sustained employment, and a surge in government programs.
Moreover, the growing industrialization is leading to the construction of new office complexes globally. For instance, in Q1 of 2022, the construction of Ostendstraße 1–14 Commercial Buildings started in Berlin, Germany, with an investment of ~US$ 1,293 million. The project aims to meet the growing requirement for office, hotel, retail, and commercial facilities in the country. The project is expected to be completed by Q4 of 2027. Thus, the rise in residential and commercial construction projects globally is raising the demand for medium voltage cable and accessories to provide regular power supply to these properties, which drives the growth of the Europe medium voltage cable and accessories market.
In recent years, Europe have been deploying underground cables rather than overhead ones. Due to space restrictions above-ground, underground cables are preferred in urban areas. Hence, to overcome these issues, many countries in North America have deployed underground cables for the long term.
Overhead distribution lines are increasingly being replaced with underground cable in Europe, particularly in Germany and the Netherlands, as underground cabling is increasingly preferred for new projects. To provide the London Power Tunnels project with underground cables and accessories, Taihan Electric Wire made an agreement with the National Grid of the UK in 2020. Thus, the increase in underground cabling is driving the growth of the Europe medium voltage cable and accessories market. In Europe, most of the market growth is anticipated from the developing economies in Eastern Europe. Also, rising oil & gas discoveries in Russia propels the demand for medium voltage cables and accessories. The goal of the European Union to attain green energy targets has also compelled countries across the region to invest a considerable amount in green energy projects, which is expected to boost the development of voltage transmission lines, thus propelling the market growth. Also, investments in smart grids across the region have propelled the demand for medium voltage cables and accessories.
The Europe medium voltage cable and accessories market is segmented into installation, product, voltage, end user, and country.
Based on installation, the Europe medium voltage cable and accessories market is classified into overhead, underground, and submarine. The underground segment held the largest share in 2022.
In terms of product, the Europe medium voltage cable and accessories market is categorized into MI, terminations, joints, and XLPE Cables. The terminations segment held the largest share in 2022.
By voltage, the Europe medium voltage cable and accessories market is segmented into 1 to 5, 6 to 13, 23, 34, 45, and 69. The 6 to 13 segment held the largest share in 2022.
Based on end user, the Europe medium voltage cable and accessories market is segmented into industrial, infrastructure, and renewables. The industrial segment held the largest share in 2022.
Based on country, the Europe medium voltage cable and accessories market is segmented France, Germany, the UK, Italy, Russia, and the Rest of Europe. Germany dominated the Europe medium voltage cable and accessories market in 2022.
ABB Ltd, El Sewedy Electric Co, Eland Cables Ltd, Hellenic Cables SA, Nexans SA, NKT AS, Prysmian SpA, The Okonite Co, TPC Wire & Cable Corp, and Tratos Cavi SpA some of the leading companies operating in the Europe medium voltage cable and accessories market.
Strategic insights for the Europe Medium Voltage Cable and Accessories provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 9,275.88 Million |
| Market Size by 2030 | US$ 13,287.22 Million |
| Global CAGR (2022 - 2030) | 4.6% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered |
By Installation
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Medium Voltage Cable and Accessories refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
1. ABB Ltd
2. El Sewedy Electric Co
3. Eland Cables Ltd
4. Hellenic Cables SA
5. Nexans SA
6. NKT AS
7. Prysmian SpA
8. The Okonite Co
9. TPC Wire & Cable Corp
10. Tratos Cavi SpA
The Europe Medium Voltage Cable and Accessories Market is valued at US$ 9,275.88 Million in 2022, it is projected to reach US$ 13,287.22 Million by 2030.
As per our report Europe Medium Voltage Cable and Accessories Market, the market size is valued at US$ 9,275.88 Million in 2022, projecting it to reach US$ 13,287.22 Million by 2030. This translates to a CAGR of approximately 4.6% during the forecast period.
The Europe Medium Voltage Cable and Accessories Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Medium Voltage Cable and Accessories Market report:
The Europe Medium Voltage Cable and Accessories Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Medium Voltage Cable and Accessories Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Medium Voltage Cable and Accessories Market value chain can benefit from the information contained in a comprehensive market report.
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