Asia Pacific Underground High Voltage Cable Market Growth, Size, Trends and Future Outlook
Asia Pacific Underground High Voltage Cable Market Size- By Voltage, By Current- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: May-2024 | Report ID: POAE2436 | Pages: 1 - 157 | Formats*: |
| Category : Power & Energy | |||
Asia Pacific Underground High Voltage Cable Market Introduction and Overview
According to SPER Market Research, the Asia Pacific Underground High Voltage Cable Market is estimated to reach USD 16.51 billion by 2033 with a CAGR of 5.13%.
The report includes an in-depth analysis of the Asia Pacific Underground High Voltage Cable Market, including market size and trends, product mix, distribution channels, and supplier analysis. As they offer a dependable and effective way to carry power, subterranean high voltage cables are crucial parts of contemporary electrical networks. Underground power lines are buried beneath the surface, providing better protection against environmental factors and minimizing visual clutter in urban and suburban areas than overhead power lines, which are exposed to weather and can be damaged by elements like wind and lightning.
- In August 2021, Sumitomo Electric and the electricity transmission, distribution, and generation business TEPCO electricity Grid, Inc. worked together to jointly develop a G3-PLC communication-based distant observing system. The subterranean electricity transmission wires will be observed remotely by the monitoring system. Many applications, such as smart grids, grid diagnostics, HVAC applications, lighting solutions, railway control systems, and machine diagnostics, will make use of the communication technology G3-PLC. The creation of a remotely monitored system for subterranean electricity transmission lines is another.
Market Opportunities and Challenges
Opportunities: There are various factors driving the underground high voltage cable market, which presents substantial prospects. First off, there is a large market opportunity due to the increased focus being placed globally on updating and modernizing outdated electrical infrastructure. Many nations are spending money modernizing and expanding their electrical networks in order to handle the growing demand for electricity, boost dependability, and include renewable energy sources. These programs rely heavily on underground high voltage cables because of their dependability, resistance to environmental changes, and capacity to reduce visual effect in metropolitan areas.
Challenges: The market for subterranean high-voltage cables is faced with many challenges that may hinder its expansion. The higher initial cost of installing underground cable as opposed to typical overhead lines is one major obstacle. The initial capital cost of trenching, excavation, and specialized equipment increases, which reduces the economic viability of subterranean cables, particularly for long-distance transmission projects. Furthermore, practical difficulties arise from the intricacy of installing and maintaining subterranean cables, especially in crowded cities with established infrastructure. Project timelines can be extended and costs can rise by coordinating with several parties, acquiring permissions, and minimizing traffic and utility disruptions during installation.
Market Competitive Landscape
The Underground High Voltage in Asia Pacific is moderately consolidated. Some of the market key players are Prysmian Group, Nexans S.A, LS Cable & Systems Ltd., General Cable Corporation, Sumitomo Electric Industries, Ltd., Taihan Electric Wire Co, Ltd., Southwire Company, LLC, Fujikura Ltd., KEI Industries Limited, Gupta Power Infrastructure Ltd., Others
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Voltage, By Current |
| Regions covered | Eastern, Western, Northern, Southern |
| Companies Covered | Prysmian Group, Nexans S.A, LS Cable & Systems Ltd., General Cable Corporation, Sumitomo Electric Industries, Ltd., Taihan Electric Wire Co, Ltd., Southwire Company, LLC, Fujikura Ltd., KEI Industries Limited, Gupta Power Infrastructure Ltd., Others |
COVID-19 Impact on Asia Pacific Underground High Voltage Cable Market
The Asia Pacific subterranean high voltage cable market was severely affected by the COVID-19 epidemic, which resulted in supply chain interruptions, project delays, and decreased demand. Strict lockdown protocols and travel restrictions impeded building efforts during the early stages of the pandemic, causing delays in subsurface cable installation and infrastructure projects. Further postponing project timeframes and driving up prices were shortages of raw materials and components brought on by supply chain disruptions such as factory closures and logistical difficulties.
Key Target Audience:
- Aerospace and Defense Sector
- Automotive Industry
- Construction and Infrastructure Sector
- Electrical and Electronics Manufacturers
- Energy and Utility Companies
- Healthcare Facilities
- Renewable Energy Sector
- Telecommunication Companies
- Transportation and Logistics Companies
- Others
Our in-depth analysis of the Asia Pacific Underground High Voltage Cable Market includes the following segments:
| By Voltage: |
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| By Current: |
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| By Region: |
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Key Topics Covered in the Report:
- Asia Pacific Underground High Voltage Cable Market Size (FY’2024-FY’2033)
- Overview of Asia Pacific Underground High Voltage Cable Market
- Segmentation of Asia Pacific Underground High Voltage Cable Market By Voltage (<110 kV, 110 kV-220 kV, >220 kV)
- Segmentation of Asia Pacific Underground High Voltage Cable Market By Current (HVAC, HVDC)
- Expansion Analysis of Asia Pacific Underground High Voltage Cable Market
- Problems and Obstacles in Asia Pacific Underground High Voltage Cable Market
- Competitive Landscape in the Asia Pacific Underground High Voltage Cable Market
- Impact of COVID-19 and Demonetization on Asia Pacific Underground High Voltage Cable Market
- Details on Current Investment in Asia Pacific Underground High Voltage Cable Market
- Competitive Analysis of Asia Pacific Underground High Voltage Cable Market
- Prominent Players in the Asia Pacific Underground High Voltage Cable Market
- SWOT Analysis of Asia Pacific Underground High Voltage Cable Market
- Asia Pacific Underground High Voltage Cable Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Asia Pacific Underground High Voltage Cable Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Asia Pacific Underground High Voltage Cable Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Asia Pacific Underground High Voltage Cable Market
7. Asia Pacific Underground High Voltage Cable Market, By Voltage (USD Million) 2020-2033
7.1. Asia Pacific Underground High Voltage Cable Market Size, Share and Forecast, By Voltage, 2020-20267.2. Asia Pacific Underground High Voltage Cable Market Size, Share and Forecast, By Voltage, 2027-20337.3. <110 kV7.4. 110 kV-220 kV7.5. >220 kV
8. Asia Pacific Underground High Voltage Cable Market, By Current (USD Million) 2020-2033
8.1. Asia Pacific Underground High Voltage Cable Market Size, Share and Forecast, By Current, 2020-20268.2. Asia Pacific Underground High Voltage Cable Market Size, Share and Forecast, By Current, 2027-20338.3. HVAC8.4. HVDC
9. Asia Pacific Underground High Voltage Cable Market Forecast, 2020-2033 (USD Million)
9.1. Asia Pacific Underground High Voltage Cable Market Size and Market Share
10. Asia Pacific Underground High Voltage Cable Market, By Region, 2020-2033 (USD Million)
10.1. Asia Pacific Underground High Voltage Cable Market Size and Market Share By Region (2020-2026)10.2. Asia Pacific Underground High Voltage Cable Market Size and Market Share By Region (2027-2033)10.3. Eastern10.4. Western10.5. Northern10.6. Southern
11. Company Profile
11.1. Prysmian Group11.1.1. Company details11.1.2. Financial outlook11.1.3. Product summary11.1.4. Recent developments11.2. Nexans S.A11.2.1. Company details11.2.2. Financial outlook11.2.3. Product summary11.2.4. Recent developments11.3. LS Cable & Systems Ltd.11.3.1. Company details11.3.2. Financial outlook11.3.3. Product summary11.3.4. Recent developments11.4. General Cable Corporation11.4.1. Company details11.4.2. Financial outlook11.4.3. Product summary11.4.4. Recent developments11.5. Sumitomo Electric Industries, Ltd.11.5.1. Company details11.5.2. Financial outlook11.5.3. Product summary11.5.4. Recent developments11.6. Taihan Electric Wire Co, Ltd.11.6.1. Company details11.6.2. Financial outlook11.6.3. Product summary11.6.4. Recent developments11.7. Southwire Company, LLC11.7.1. Company details11.7.2. Financial outlook11.7.3. Product summary11.7.4. Recent developments11.8. Fujikura Ltd.11.8.1. Company details11.8.2. Financial outlook11.8.3. Product summary11.8.4. Recent developments11.9. KEI Industries Limited11.9.1. Company details11.9.2. Financial outlook11.9.3. Product summary11.9.4. Recent developments11.10. Gupta Power Infrastructure Ltd.11.10.1. Company details11.10.2. Financial outlook11.10.3. Product summary11.10.4. Recent developments11.11. Others
12. List of Abbreviations
13. Reference Links
14. Conclusion
15. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Asia Pacific Underground High Voltage Cable Market is projected to reach USD 16.51 billion by 2033, growing at a CAGR of5.13 % during the forecast period.
Asia Pacific Underground High Voltage Cable Market size from 2022. The Market is expected to reach USD 16.51 billion by 2033, at a CAGR of 5.13% during the forecast period.
Asia Pacific Underground High Voltage Cable Market CAGR of 5.13% during the forecast period.
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Asia Pacific Underground High Voltage Cable Market size is 16.51 billion from 2024 to 2033.
Asia Pacific Underground High Voltage Cable Market Segment is covered By Voltage, By Current.
The Asia Pacific anticipated to have the highest market share in the Asia Pacific Underground High Voltage Cable Market.
The key players in the market include Companies Covered Prysmian Group, Nexans S.A, LS Cable & Systems Ltd., General Cable Corporation, Sumitomo Electric Industries, Ltd., Taihan Electric Wire Co, Ltd., Southwire Company, LLC, Fujikura Ltd., KEI Industries Limited, Gupta Power Infrastructure Ltd., Others
Underground power lines are buried beneath the surface, providing better protection against environmental factors and minimizing visual clutter in urban and suburban areas than overhead power lines,
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