HVAC (High Voltage Alternative Current) cables are the reliable submarine cable that is used in the energy infrastructure. Reliable and safe offshore power transmission and ongoing technological advancements in the HVAC cable result in an improved product life cycle, low power losses, and high durability, which in turn fuel the demand for the global HVAC cables market. Furthermore, increasing inclination toward installing overhead HVAC cables to cater to the inter-regional electricity demand also drives the HVAC cables market.
MARKET DYNAMICS
Growing refurbishment & replacement of conventional electricity network up-grading of existing transmission grid sub-structures propels the growth of the HVAC cables market. Sectoral schemes toward adopting sustainable energy infrastructure coupled with the favorable government policies, norms are augmenting the growth of the HVAC cables market. Furthermore, increasing investments toward offshore wind farms along with rising customer inclination toward the adoption of subsea power cables are expected to fuel the global HVAC cables market in the coming years.
MARKET SCOPE
The "Global HVAC Cables Market Analysis to 2028" is a specialized and in-depth study of the HVAC cables industry with a special focus on the global market trend analysis. The report aims to provide an overview HVAC cables market with detailed market segmentation as voltage, installation, and geography. The global HVAC cables market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading HVAC cables market players and offers key trends and opportunities in the HVAC cables market.
MARKET SEGMENTATION
The global HVAC cables market is segmented on the basis of voltage, installation. On the basis of voltage the market is segmented as below 110 kV, 110 kV ??? 220 kV, 220 kV ??? 440 kV, above 440 kV. On the basis of installation the market is segmented as underground, submarine, overhead.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global HVAC cables market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The HVAC cables market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting HVAC cables market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the HVAC cables market in these regions.
MARKET PLAYERS
The reports cover key developments in the HVAC cables market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from HVAC cables market are anticipated to lucrative growth opportunities in the future with the rising demand for HVAC cables in the global market. Below mentioned is the list of few companies engaged in the HVAC cables market.
The report also includes the profiles of key HVAC cables companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ABB
- Elsewedy Electric
- Furukawa Electric Co., Ltd.
- LS Cable & System Ltd.
- Nexans S.A.
- NKT A/S
- Prysmian Group
- Sumitomo Electric Industries, Ltd.
- TFKable
- ZTT International Limited
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.