Europe 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)

TIPRE00019063 | Pages: 141 | Electronics and Semiconductor | Feb 2021 | Type: Regional | Status: Published

Market Introduction

Medium voltage cables are used to supply electricity to residential and commercial buildings. They are highly suitable for indoor and outdoor applications and cable trays for industrial buildings, switch-boards, and power stations. In Europe, majority of the market growth is anticipated from the developing economies in eastern European region. Also, blooming oil & gas discoveries in Russia are propelling the demand for medium voltage cables. Goal of the European Union to attain green energy targets has also compelled countries across the region to invest a considerable amount in green energy projects, which is expected to boost the development of voltage transmission lines, thus, propelling the growth of the market. Also, investments in smart grids across the region has propelled the demand for medium voltage cables. Furthermore, countries in the region, including Norway, have recently been experiencing an increase in discovery of new oil & gas reserves, which is expected to drive the market during the forecast period. The commercial and residential sectors are expanding due to the increased income of individuals, demographic trends, and low mortgage rates. With the new construction projects, maintenance activities related to the existing structures have also increased. The UK and Germany are experiencing high growth in their respective construction sectors. In Spain and Italy, governments are taking initiatives to support the expansion of the commercial and residential sectors through subsidies, and investments and grants for the renovation and construction of public and private infrastructural projects. The growth in the construction sector in Europe is a prime factor fueling the Europe medium voltage cable market growth.   

Moreover, in case of COVID-19, Europe is highly affected specially the UK. The construction industry in Europe suffered one of the biggest drops in activities after the building sites were closed. The supply of safety equipment and workers was disrupted due to the pandemic. The drop in the region's construction activities has directly affected the sales of the medium voltage cable products in Europe. Due to the decline in construction, the medium voltage cable market will witness an abrupt downturn in 2020. Further, countries in the region, including Germany, UK, France, and Belgium, have witnessed a second wave of the virus and have announced lockdown for the second time in November 2020. The situation amid the COVID-19 pandemic is extraordinary, which is anticipated to hamper the market's growth. Also, demand for medium voltage cables from certain countries, such as Germany and the Netherlands, was positive during the first half of 2020, owing to grid optimization activities. Furthermore, the Danish market also noticed positive demand in Q3, 2020. Additionally, demand in the Czech Republic declined due to a slowdown in construction activities and the UK due to government restrictions on several industries' operations. Overall, the demand for medium voltage power cables in the region is expected to be driven by expanding the approved pan-European grid.


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Market Overview and Dynamics

The Europe medium voltage cable market is expected to grow from US$ 4,721.7 million in 2019 to US$ 6,595.3 million by 2027; it is estimated to grow at a CAGR of 5.53 % from 2020 to 2027.  Upgradation in the cable technology is expected to accelerate the Europe medium voltage cable market. With growing popularity and applicability of underground cable systems, noteworthy technological advancements have been introduced to overcome the various limitations of these cables. Most of these innovations are focused on advancements of insulation and voltage grade. The progress in the area of material science has helped in the development of better-quality polymers capable of achieving required mechanical and electrical properties of the cable. For instance, the introduction of Teflon cables, which are capable to withstand up to 250°C temperatures, has become an alternative solution to conventional polymer cables that can usually withstand temperature up to 70°C. Furthermore, alternative conductors have already been discovered, which can replace high-cost copper. Moreover, similar advancements have been also witnessed in the overhead cables. Such developments would further increase the deployment of new cable technologies in various end-use industries across Europe region, thereby driving the Europe 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 Europe medium voltage cable market in 2019. In terms of end-users, the energy and power segment held a larger market share of the Europe 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 Europe 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; BRUGG Group AG; Cleveland Cable Company; Furukawa Electric Co. Ltd.; General Cable Technologies Corporation; LEONI AG; LS Cable & System Ltd.; Nexans; Prysmian Group; Sumitomo Electric Industries, Ltd.

Reasons to buy report

  • To understand the Europe 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 Europe medium voltage cable market 
  • Efficiently plan M&A and partnership deals in Europe 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 Europe medium voltage cable market
  • Obtain market revenue forecast for market by various segments from 2020-2027 in Europe region.

 

Europe Medium Voltage Cable Market Segmentation

Europe Medium Voltage Cable Market - By Installation Type

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

Europe Medium Voltage Cable Market - By End-Users

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

Europe Medium Voltage Cable Market - By Country

  • Germany
  • France
  • Italy
  • UK
  • Russia
  • Rest of Europe                                      

Europe Medium Voltage Cable Market - Company Profiles

  • Alpha Wire
  • BRUGG Group AG              
  • Cleveland Cable Company
  • Furukawa Electric Co. Ltd.
  • General Cable Technologies Corporation
  • LEONI AG
  • LS Cable & System Ltd.
  • Nexans
  • Prysmian Group                   
  • 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.           Europe Medium Voltage Cable Market Landscape

4.1         Market Overview

4.2         Europe PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           Europe Medium Voltage Cable Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Growing Urbanization and Industrialization

5.1.2        Increment in Renewable Energy Generation

5.2         Market Restraints

5.2.1        Availability of Bogus Cable Market

5.3         Market Opportunities

5.3.1        Locating New Oil & Gas Reserves

5.4         Future Trends

5.4.1        Upgradation in the Cable Technology

5.5         Impact Analysis of Drivers and Restraints

6.           Medium Voltage Cable Market– Europe Analysis

6.1         Europe Medium voltage cable Market Overview

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

6.3         Market Positioning – Five Key Players

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

7.1         Overview

7.2         Europe 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.           Europe Medium Voltage Cable Market Revenue and Forecast to 2027 – By End Users

8.1         Overview

8.2         Europe 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.           Europe Medium Voltage Cable Market – Country Analysis

9.1         Overview

9.1.1        Europe: Medium Voltage Cable Market, by Key Country

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

9.1.1.1.1          UK: Medium Voltage Cable Market, by Installation Type

9.1.1.1.2          UK: Medium Voltage Cable Market, by End User

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

9.1.1.2.1          Germany: Medium Voltage Cable Market, by Installation Type

9.1.1.2.2          Germany: Medium Voltage Cable Market, by End User

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

9.1.2.1.1          France: Medium Voltage Cable Market, by Installation Type

9.1.2.1.2          France: Medium Voltage Cable Market, by End User

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

9.1.2.2.1          Italy: Medium Voltage Cable Market, by Installation Type

9.1.2.2.2          Italy: Medium Voltage Cable Market, by End User

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

9.1.2.3.1          Russia: Medium Voltage Cable Market, by Installation Type

9.1.2.3.2          Russia: Medium Voltage Cable Market, by End User

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

9.1.2.4.1          Rest of Europe: Medium Voltage Cable Market, by Installation Type

9.1.2.4.2          Rest of Europe: Medium Voltage Cable Market, by End User

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

10.1      Europe: 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      Cleveland Cable Company

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      Alpha Wire

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      Prysmian Group

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      Nexans

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      Sumitomo Electric Industries, 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      General Cable Technologies Corporation

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      Furukawa Electric Co. Ltd.

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

12.8      LS Cable & System Ltd.

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9      LEONI AG

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

12.10   BRUGG Group AG

12.10.1  Key Facts

12.10.2  Business Description

12.10.3  Products and Services

12.10.4  Financial Overview

12.10.5  SWOT Analysis

12.10.6  Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Word Index

LIST OF TABLES

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

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

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

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

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

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

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

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

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

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

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

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

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

Table 14.          List of Abbreviation

LIST OF FIGURES

Figure 1.           Europe Medium Voltage Cable Market Segmentation

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

Figure 3.           Europe 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.           Europe Medium Voltage Cable Market, Country Analysis

Figure 7.           Europe PEST Analysis

Figure 8.           Ecosystem Analysis

Figure 9.           Expert Opinion

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

 

  1. Alpha Wire
  2. BRUGG Group AG 
  3. Cleveland Cable Company
  4. Furukawa Electric Co. Ltd.
  5. General Cable Technologies Corporation
  6. LEONI AG
  7. LS Cable & System Ltd.
  8. Nexans
  9. Prysmian Group
  10. Sumitomo Electric Industries, Ltd.

 

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe 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 Europe 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 Europe market trends and outlook coupled with the factors driving the medium voltage cable market, as well as those hindering it
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