South & Central America Medium Voltage Cable and Accessories Market

The South & Central America medium voltage cable and accessories market was valued at US$ 1,044.91 million in 2022 and is expected to reach US$ 1,272.18 million by 2030; it is estimated to grow at a CAGR of 2.5% from 2022 to 2030.

Rising Demand for Renewable Energy Fuels the South & Central America Medium Voltage Cable and Accessories Market

The government initiatives to raise power generation through wind and solar power plants are proliferating. The increasing number of energy & power projects would boost the deployment of medium voltage cables and accessories. For instance, in January 2020, ENGIE reinforced its focus on electric power transmission in Brazil. It has received a tender from Sterlite for acquiring a 30-year Greenfield concession project. This project comprises the operation, construction, and maintenance of an 1,800-km-long electric power transmission line and additional substations in Brazil. Such huge tenders in the power transmission industry would propel the demand for medium voltage cables and accessories in South & Central America, boosting the market growth in the coming years.

South & Central America Medium Voltage Cable and Accessories Market Overview

The South & Central America medium voltage cable and accessories market is segmented into Brazil, Argentina, and the Rest of South & Central America. Technological developments have been directly impacting the economies of Brazil and Argentina. Due to their durability, medium voltage cables effortlessly provide desired outputs in applications in harsh environments in various industries. The region is highly focused on boosting its oil & gas sector to stay ahead in the global market. As per the International Energy Agency (IEA), expenditure on upstream South & Central America activities is set to rise due to the huge investment by countries in South & Central America, such as Brazil, Argentina, Venezuela, and Colombia. In addition, the increasing oil & gas production in Brazil, Bolivia, Colombia, and Peru is encouraging numerous firms to invest in this sector. In November 2022, Petrobras, a Brazil-based state-held oil firm, announced that it would invest ~US$ 78 billion until 2027 to boost oil production. Thus, the oil & gas activities are expected to raise the demand for medium voltage cables and accessories to provide regular power supply at oil & gas fields.

Further, several market players in South & Central America are deploying submarine cables. For instance, in November 2021, Malbec, a 2,500 km undersea cable that connects Rio de Janeiro with So Paulo in Brazil, was launched by Meta in collaboration with GlobeNet. It will eventually link Buenos Aires with Porto Alegre, Brazil. Thus, the launch of such cable networks propels the growth of the medium voltage cable and accessories market.

South & Central America Medium Voltage Cable and Accessories Market Revenue and Forecast to 2030 (US$ Million)

South & Central America Medium Voltage Cable and Accessories Market Segmentation

The South & Central America medium voltage cable and accessories market is segmented into installation, product, voltage, end user, and country.

Based on installation, the South & Central America 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 South & Central America 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 South & Central America 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 South & Central America 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 South & Central America medium voltage cable and accessories market is segmented Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America medium voltage cable and accessories market in 2022.

ABB Ltd, El Sewedy Electric Co, Nexans SA, NKT AS, Prysmian SpA, and The Okonite Co are some of the leading companies operating in the South & Central America medium voltage cable and accessories market.

South & Central America Medium Voltage Cable and Accessories Strategic Insights

Strategic insights for the South & Central America 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.

South & Central America Medium Voltage Cable and Accessories Report Scope

South & Central America Medium Voltage Cable and Accessories Regional Insights

The geographic scope of the South & Central America 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.