Analysis - by Installation (Overhead, Underground, and Submarine), Product (MI, Terminations, Joints, and XLPE Cables), Voltage (1 to 5, 6 to 13, 23, 34, 45, and 69), and End User (Industrial, Infrastructure, and Renewables)
No. of Pages:84
Report Code:
BMIRE00029801
Category:
Electronics and Semiconductor
South & Central America Medium Voltage Cable and Accessories Market
The South & Central America medium voltage cable and accessories market was valued at US$ 1,044.91 million in 2022 and is expected to reach US$ 1,272.18 million by 2030; it is estimated to grow at a CAGR of 2.5% from 2022 to 2030.
Rising Demand for Renewable Energy Fuels the South & Central America Medium Voltage Cable and Accessories Market
The government initiatives to raise power generation through wind and solar power plants are proliferating. The increasing number of energy & power projects would boost the deployment of medium voltage cables and accessories. For instance, in January 2020, ENGIE reinforced its focus on electric power transmission in Brazil. It has received a tender from Sterlite for acquiring a 30-year Greenfield concession project. This project comprises the operation, construction, and maintenance of an 1,800-km-long electric power transmission line and additional substations in Brazil. Such huge tenders in the power transmission industry would propel the demand for medium voltage cables and accessories in South & Central America, boosting the market growth in the coming years.
South & Central America Medium Voltage Cable and Accessories Market Overview
The South & Central America medium voltage cable and accessories market is segmented into Brazil, Argentina, and the Rest of South & Central America. Technological developments have been directly impacting the economies of Brazil and Argentina. Due to their durability, medium voltage cables effortlessly provide desired outputs in applications in harsh environments in various industries. The region is highly focused on boosting its oil & gas sector to stay ahead in the global market. As per the International Energy Agency (IEA), expenditure on upstream South & Central America activities is set to rise due to the huge investment by countries in South & Central America, such as Brazil, Argentina, Venezuela, and Colombia. In addition, the increasing oil & gas production in Brazil, Bolivia, Colombia, and Peru is encouraging numerous firms to invest in this sector. In November 2022, Petrobras, a Brazil-based state-held oil firm, announced that it would invest ~US$ 78 billion until 2027 to boost oil production. Thus, the oil & gas activities are expected to raise the demand for medium voltage cables and accessories to provide regular power supply at oil & gas fields.
Further, several market players in South & Central America are deploying submarine cables. For instance, in November 2021, Malbec, a 2,500 km undersea cable that connects Rio de Janeiro with So Paulo in Brazil, was launched by Meta in collaboration with GlobeNet. It will eventually link Buenos Aires with Porto Alegre, Brazil. Thus, the launch of such cable networks propels the growth of the medium voltage cable and accessories market.
South & Central America Medium Voltage Cable and Accessories Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Medium Voltage Cable and Accessories Market Segmentation
The South & Central America medium voltage cable and accessories market is segmented into installation, product, voltage, end user, and country.
Based on installation, the South & Central America medium voltage cable and accessories market is classified into overhead, underground, and submarine. The underground segment held the largest share in 2022.
In terms of product, the South & Central America medium voltage cable and accessories market is categorized into MI, terminations, joints, and XLPE Cables. The terminations segment held the largest share in 2022.
By voltage, the South & Central America medium voltage cable and accessories market is segmented into 1 to 5, 6 to 13, 23, 34, 45, and 69. The 6 to 13 segment held the largest share in 2022.
Based on end user, the South & Central America medium voltage cable and accessories market is segmented into industrial, infrastructure, and renewables. The industrial segment held the largest share in 2022.
Based on country, the South & Central America medium voltage cable and accessories market is segmented Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America medium voltage cable and accessories market in 2022.
ABB Ltd, El Sewedy Electric Co, Nexans SA, NKT AS, Prysmian SpA, and The Okonite Co are some of the leading companies operating in the South & Central America medium voltage cable and accessories market.
South & Central America Medium Voltage Cable and Accessories Market Strategic Insights
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South & Central America Medium Voltage Cable and Accessories Market Segmentation Analysis
South & Central America Medium Voltage Cable and Accessories Market Report Highlights
South & Central America Medium Voltage Cable and Accessories Report Scope
Report Attribute
Details
Market size in 2022
US$ 1,044.91 Million
Market Size by 2030
US$ 1,272.18 Million
CAGR (2022 - 2030)
2.5%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Installation
Overhead
Underground
Submarine
By Product
MI
Terminations
Joints
XLPE Cables
By Voltage
1 to 5
6 to 13
23
34
45
69
By End User
Industrial
Infrastructure
Renewables
Regions and Countries Covered
South and Central America
Brazil
Argentina
Rest of South and Central America
Market leaders and key company profiles
ABB Ltd
El Sewedy Electric Co
Nexans SA
NKT AS
Prysmian SpA
The Okonite Co
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South & Central America Medium Voltage Cable and Accessories Market Country and Regional Insights
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Identical Market Reports with other Region/Countries
The List of Companies - South & Central America Medium Voltage Cable and Accessories Market
1. ABB Ltd
2. El Sewedy Electric Co
3. Nexans SA
4. NKT AS
5. Prysmian SpA
6. The Okonite Co
Frequently Asked Questions
How big is the South & Central America Medium Voltage Cable and Accessories Market?
The South & Central America Medium Voltage Cable and Accessories Market is valued at US$ 1,044.91 Million in 2022, it is projected to reach US$ 1,272.18 Million by 2030.
What is the CAGR for South & Central America Medium Voltage Cable and Accessories Market by (2022 - 2030)?
As per our report South & Central America Medium Voltage Cable and Accessories Market, the market size is valued at US$ 1,044.91 Million in 2022, projecting it to reach US$ 1,272.18 Million by 2030. This translates to a CAGR of approximately 2.5% during the forecast period.
What segments are covered in this report?
The South & Central America Medium Voltage Cable and Accessories Market report typically cover these key segments-
Installation (Overhead, Underground, Submarine)
Product (MI, Terminations, Joints, XLPE Cables)
Voltage (1 to 5, 6 to 13, 23, 34, 45, 69)
End User (Industrial, Infrastructure, Renewables)
What is the historic period, base year, and forecast period taken for South & Central America Medium Voltage Cable and Accessories Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South & Central America Medium Voltage Cable and Accessories Market report:
Historic Period : 2020-2021
Base Year : 2022
Forecast Period : 2023-2030
Who are the major players in South & Central America Medium Voltage Cable and Accessories Market?
The South & Central America Medium Voltage Cable and Accessories Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
ABB Ltd
El Sewedy Electric Co
Nexans SA
NKT AS
Prysmian SpA
The Okonite Co
Who should buy this report?
The South & Central America Medium Voltage Cable and Accessories Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the South & Central America Medium Voltage Cable and Accessories Market value chain can benefit from the information contained in a comprehensive market report.
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