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Asia Pacific Medium Voltage Cable Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Installation Type (Overhead Cables and Accessories, Underground Cables and Assemblies, and Submarine Cables and Accessories) and End-Users (Oil and Gas, Energy and Power, Mining, Manufacturing, Transportation, Commercial, and Residential)

Code: TIPRE00019062 | Pages: 127 | Industry: Electronics and Semiconductor | Date: Feb 2021
Covid

Market Introduction

APAC is one of the largest and fastest growing market of medium voltage cable, with China ranked first in the market share. The presence of large population and rising standard of living are creating the ever increasing demand for electricity. Thus, investment in power plants and distribution is expected to be one of the key factors driving the market. Also, developing economies of APAC are witnessing increased demand for houses, which is boosting growth of the residential segment, thereby driving the APAC medium voltage cable market. The rapid developments pertaining to technologies, initiatives from governments, and digitalization of economies are driving economic growth. Huge population in the region has led to high demand for commercial and residential construction activities. The governments of various countries are taking different measures to attract private investments in construction and infrastructure development. For instance, the Economic Transformation Program (ETP), 2011–2020, by the government of Malaysia works toward captivating substantial foreign direct investment (FDI) in the construction and infrastructure activities in the country. In the Philippines, the government began a public–private partnership (PPP) program for facilitating the growth of local and national infrastructural projects. Thailand is also focused on PPP programs for optimizing its infrastructural development. Hence, with a huge focus on construction activities in the region, the demand for medium voltage cables is expected to boost in APAC during the forecast period.     

Moreover, in case of COVID-19, APAC is highly affected specially the India. Various developing economies are situated in the region that has announced lockdowns, ceasing the construction and manufacturing activities. The government of various countries in the APAC took necessary steps to reduce the virus's spread by announcing lockdowns, thus impacting the growth of the medium voltage cable market. The introduction of lockdowns has resulted in the halt of construction projects in the region, which negatively impacted the growth of medium voltage cable in the region. However, after a prolonged lockdown, various countries have started easing the restrictions. For instance, India's government started the unlock phase, in which it allowed the construction activities to resume. However, Australia is still under lockdown. Several cable manufacturing facilities are based in China, which was highly impacted in Q1 2020. The production and demand for medium voltage cables in the country dropped during Q1 2020, followed by recovery in Q2 2020. The country is one of the biggest markets for medium voltage cables in the world. Also, India is one of the significant markets for medium voltage cables. As per Polycab, an Indian cable manufacturing company, no significant impact was witnessed due to the outbreak of the COVID-19 pandemic in India. The company witnessed a slowdown in demand for cables in metropolitan cities, although demand for cables was positive in Tier II and Tier III cities. The company also stated that no noteworthy pickup in the CAPEX cycle in 2020.

Market Overview and Dynamics

The APAC medium voltage cable market is expected to grow from US$ 6,517.4 million in 2019 to US$ 7,608.5 million by 2027; it is estimated to grow at a CAGR of 3.19 % from 2020 to 2027. Mounting urbanization and industrialization is expected to escalate the APAC medium voltage cable market. Growth in industrialization, particularly in the developing economies across APAC region, has created an ever increasing need for energy generation, transmission, and distribution. This has significantly propelled the demand for medium voltage cables. Further, industrialization has resulted in growth of urbanization in these countries as it created economic growth as well as job opportunities, which is driving people to relocate to cities. With the growth in urban population, there is an increase in investments to meet the challenges concerning need for housing, energy distribution, transportation, and other infrastructure. Moreover, urbanization and industrialization have also resulted in increased demand for basic facilities, such as education and healthcare. To meet these challenges, several governments across APAC region have laid down initiatives to meet shortages in the basic infrastructure and housing sector. Since medium voltage cables are vital component of electricity transmission and distribution, the above mentioned factors are anticipated to significantly boost the growth of the APAC medium voltage cable market.     

Key Market Segments

In terms of installation type, the overhead cables and accessories segment accounted for the largest share of the APAC medium voltage cable market in 2019. In terms of end-users, the energy and power segment held a larger market share of the APAC medium voltage cable market in 2019.      

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the APAC medium voltage cable market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are. Alpha Wire; Furukawa Electric Co. Ltd.; General Cable Technologies Corporation; LEONI AG; LS Cable & System Ltd.; Nexans; Sumitomo Electric Industries, Ltd.

Reasons to buy report

  • To understand the APAC medium voltage cable market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC medium voltage cable market 
  • Efficiently plan M&A and partnership deals in APAC medium voltage cable market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC medium voltage cable market
  • Obtain market revenue forecast for market by various segments from 2020-2027 in APAC region.

 

APAC Medium Voltage Cable Market Segmentation

APAC Medium Voltage Cable Market - By Installation Type

  • Overhead Cables and Accessories
  • Underground Cables and Assemblies
  • Submarine Cables and Accessories

APAC Medium Voltage Cable Market - By End-Users

  • Oil and Gas
  • Energy and Power
  • Mining
  • Manufacturing
  • Transportation                 
  • Commercial
  • Residential

APAC Medium Voltage Cable Market - By Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC                                                        

APAC Medium Voltage Cable Market - Company Profiles

  • Alpha Wire
  • Furukawa Electric Co. Ltd.
  • General Cable Technologies Corporation
  • LEONI AG
  • LS Cable & System Ltd.         
  • Nexans
  • Sumitomo Electric Industries, Ltd.              

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           APAC Medium Voltage Cable Market Landscape

4.1         Market Overview

4.2         APAC PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           APAC Medium Voltage Cable Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Mounting Urbanization and Industrialization

5.1.2        Escalation in Renewable Energy Generation

5.2         Market Restraints

5.2.1        Presence of Alternatives such as Counterfeit Cables

5.3         Market Opportunities

5.3.1        Establishment of New Oil & Gas Reserves

5.4         Future Trends

5.4.1        Improvements in the Cable Technology

5.5         Impact Analysis of Drivers and Restraints

6.           Medium Voltage Cable Market– APAC Analysis

6.1         APAC Medium voltage cable Market Overview

6.2         APAC Medium Voltage Cable Market– Revenue and Forecast to 2027 (US$ Million)

6.3         Market Positioning – Five Key Players

7.           APAC Medium Voltage Cable Market Analysis – by Installation Type

7.1         Overview

7.2         APAC Medium Voltage Cable Market, by Installation Type (2019 and 2027)

7.3         Overhead Cables and Accessories

7.3.1        Overview

7.3.2        Overhead Cables and Accessories: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)

7.4         Underground Cables and Accessories

7.4.1        Overview

7.4.2        Underground Cables and Accessories: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)

7.5         Submarine Cables and Accessories

7.5.1        Overview

7.5.2        Submarine Cables and Accessories: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)

8.           APAC Medium Voltage Cable Market Revenue and Forecast to 2027 – By End Users

8.1         Overview

8.2         APAC Medium Voltage Cable Market Breakdown, By End Users, 2019 & 2027

8.3         Oil and Gas

8.3.1        Overview

8.3.2        Oil and Gas: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)

8.4         Energy and Power

8.4.1        Overview

8.4.2        Energy and Power: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)

8.5         Mining

8.5.1        Overview

8.5.2        Mining: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)

8.6         Manufacturing

8.6.1        Overview

8.6.2        Manufacturing: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)

8.7         Transportation

8.7.1        Overview

8.7.2        Transportation: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)

8.8         Commercial

8.8.1        Overview

8.8.2        Commercial: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)

8.9         Residential

8.9.1        Overview

8.9.2        Residential: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)

9.           APAC Medium Voltage Cable Market –Country Analysis

9.1         Overview

9.1.1        APAC: Medium Voltage Cable Market, by Key Country

9.1.1.1          China: Medium Voltage Cable Market – Revenue, and Forecast to 2027 (US$ Million)

9.1.1.1.1          China: Medium Voltage Cable Market, by Installation Type

9.1.1.1.2          China: Medium Voltage Cable Market, by End User

9.1.1.2          Japan: Medium Voltage Cable Market – Revenue, and Forecast to 2027 (US$ Million)

9.1.1.2.1          Japan: Medium Voltage Cable Market, by Installation Type

9.1.1.2.2          Japan: Medium Voltage Cable Market, by End User

9.1.1.3          India: Medium Voltage Cable Market – Revenue, and Forecast to 2027 (US$ Million)

9.1.1.3.1          India: Medium Voltage Cable Market, by Installation Type

9.1.1.3.2          India: Medium Voltage Cable Market, by End User

9.1.1.4          Australia: Medium Voltage Cable Market – Revenue, and Forecast to 2027 (US$ Million)

9.1.1.4.1          Australia: Medium Voltage Cable Market, by Installation Type

9.1.1.4.2          Australia: Medium Voltage Cable Market, by End User

9.1.1.5          South Korea: Medium Voltage Cable Market – Revenue, and Forecast to 2027 (US$ Million)

9.1.1.5.1          South Korea: Medium Voltage Cable Market, by Installation Type

9.1.1.5.2          South Korea: Medium Voltage Cable Market, by End User

9.1.1.6          Rest of APAC: Medium Voltage Cable Market – Revenue, and Forecast to 2027 (US$ Million)

9.1.1.6.1          Rest of APAC: Medium Voltage Cable Market, by Installation Type

9.1.1.6.2          Rest of APAC: Medium Voltage Cable Market, by End User

10.        Impact of COVID-19 Pandemic on APAC Medium Voltage Cable Market

10.1      APAC: Impact Assessment of COVID-19 Pandemic

11.        Industry Landscape

11.1      Market Initiative

11.2      Merger and Acquisition

11.3      New Development

12.        Company Profiles

12.1      Alpha Wire

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Nexans

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Sumitomo Electric Industries, Ltd.

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      General Cable Technologies Corporation

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Furukawa Electric Co. Ltd.

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      LS Cable & System Ltd.

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      LEONI AG

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Word Index

LIST OF TABLES

Table 1.             APAC Medium Voltage Cable Market– Revenue and Forecast to 2027 (US$ Million)

Table 2.             China: Medium Voltage Cable Market, by Installation Type –Revenue and Forecast to 2027 (US$ Million)

Table 3.             China: Medium Voltage Cable Market, by End User –Revenue and Forecast to 2027 (US$ Million)

Table 4.             Japan: Medium Voltage Cable Market, by Installation Type –Revenue and Forecast to 2027 (US$ Million)

Table 5.             Japan: Medium Voltage Cable Market, by End User –Revenue and Forecast to 2027 (US$ Million)

Table 6.             India: Medium Voltage Cable Market, by Installation Type –Revenue and Forecast to 2027 (US$ Million)

Table 7.             India: Medium Voltage Cable Market, by End User –Revenue and Forecast to 2027 (US$ Million)

Table 8.             Australia: Medium Voltage Cable Market, by Installation Type –Revenue and Forecast to 2027 (US$ Million)

Table 9.             Australia: Medium Voltage Cable Market, by End User –Revenue and Forecast to 2027 (US$ Million)

Table 10.          South Korea: Medium Voltage Cable Market, by Installation Type –Revenue and Forecast to 2027 (US$ Million)

Table 11.          South Korea: Medium Voltage Cable Market, by End User –Revenue and Forecast to 2027 (US$ Million)

Table 12.          Rest of APAC: Medium Voltage Cable Market, by Installation Type –Revenue and Forecast to 2027 (US$ Million)

Table 13.          Rest of APAC: Medium Voltage Cable Market, by End User –Revenue and Forecast to 2027 (US$ Million)

Table 14.          List of Abbreviation

LIST OF FIGURES

Figure 1.           APAC Medium Voltage Cable Market Segmentation

Figure 2.           APAC Medium Voltage Cable Market Segmentation – By Country

Figure 3.           APAC Medium Voltage Cable Market Overview

Figure 4.           Overhead Cables and Accessories Segment Held the Largest Share During Forecast Period

Figure 5.           Energy and Power Segment Dominated the Market

Figure 6.           APAC Medium Voltage Cable Market, Country Analysis

Figure 7.           APAC PEST Analysis

Figure 8.           Ecosystem Analysis

Figure 9.           Expert Opinion

Figure 10.        APAC Medium Voltage Cable Market Impact Analysis of Drivers and Restraints

Figure 11.        APAC Medium voltage cable Market– Revenue and Forecast to 2027 (US$ Million)

Figure 12.        APAC Medium Voltage Cable Market Revenue Share, by Installation Type (2019 and 2027)

Figure 13.        APAC Overhead Cables and Accessories: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)

Figure 14.        APAC Underground Cables and Accessories: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)

Figure 15.        APAC Submarine Cables and Accessories: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)

Figure 16.        APAC Medium Voltage Cable Market Breakdown, By End Users, 2019 & 2027

Figure 17.        APAC Oil and Gas: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)

Figure 18.        APAC Energy and Power: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)

Figure 19.        APAC Mining: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)

Figure 20.        APAC Manufacturing: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)

Figure 21.        APAC Transportation: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)

Figure 22.        APAC Commercial: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)

Figure 23.        APAC Residential: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)

Figure 24.        APAC: Medium Voltage Cable Market Revenue Share, by Key Country (2019 and 2027)

Figure 25.        China: Medium Voltage Cable Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 26.        Japan: Medium Voltage Cable Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 27.        India: Medium Voltage Cable Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 28.        Australia: Medium Voltage Cable Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 29.        South Korea: Medium Voltage Cable Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 30.        Rest of APAC: Medium Voltage Cable Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 31.        Impact of COVID-19 Pandemic in APAC Country Markets

 

  1. Alpha Wire
  2. Furukawa Electric Co. Ltd.
  3. General Cable Technologies Corporation
  4. LEONI AG
  5. LS Cable & System Ltd.
  6. Nexans
  7. Sumitomo Electric Industries, Ltd.

 

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC medium voltage cable market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the APAC medium voltage cable market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the medium voltage cable market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution                       

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