The high voltage cable market in Asia Pacific is expected to grow from US$ 10.11 Bn in 2018 to US$ 18.33 Bn by the year 2027 with a CAGR of 7.2% from the year 2019 to 2027.
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China, Japan, India, South Korea, and Rest of APAC are the major contributors to the high-voltage cable market in APAC. The Rest of APAC includes countries such as Australia, Indonesia, Thailand, Singapore, and Malaysia. Power demands are expected to rise in this region majorly due to urbanization, industrialization, offshore renewable energy farms, offshore oil and gas fields, power infrastructure development, and remote area electrification, among other factors.
The high voltage cable market is segmented on the basis of end user into industrial, renewable energy, and infrastructure. During the forecast period of 2019 to 2027, the industrial high voltage cable is anticipated to be the largest contributor in the high voltage cable market. However, the Infrastructure end user segment is projected to be the fastest-growing type with the highest CAGR over the forecast period.
As per the Renewable Energy Policy Network of the 21st Century (REN21), in 2017, China announced that it will invest ~US$ 360 billion in renewable energy by 2020. Besides this, continuous infrastructure development and remote area electrification will support the high-voltage cable market growth in China. Hence, increasing industrialization, rising population, expanding renewable power generation, and offshore oil & gas rigs, among other factors, are expected to drive the demand for high-voltage cables in China during the forecast period. The above-mentioned factors are, therefore, contributing to the growth of the high voltage cable market in the country. Cables are used in various applications, such as power transmission, utilities, industries, nuclear power stations, thermal power stations, renewable energy plants, railways, and airports. The figure given below highlights the revenue share of the Mexico in the high voltage cable market in the forecast period:
Exhibit: Rest of APAC High Voltage Cable Market Revenue and Forecasts to 2027 (US$ Mn)
ASIA PACIFIC HIGH VOLTAGE CABLE MARKET SEGMENTATION
By Type
By End User
By Country
High Voltage Cable Market - Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 10.11 Billion |
| Market Size by 2027 | US$ 18.33 Billion |
| CAGR (2019 - 2027) | 7.2% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific High Voltage Cable Market is valued at US$ 10.11 Billion in 2018, it is projected to reach US$ 18.33 Billion by 2027.
As per our report Asia Pacific High Voltage Cable Market, the market size is valued at US$ 10.11 Billion in 2018, projecting it to reach US$ 18.33 Billion by 2027. This translates to a CAGR of approximately 7.2% during the forecast period.
The Asia Pacific High Voltage Cable 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 Asia Pacific High Voltage Cable Market report:
The Asia Pacific High Voltage Cable Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific High Voltage Cable Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific High Voltage Cable Market value chain can benefit from the information contained in a comprehensive market report.
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