The global Power Cables market was valued at 9276.76 Million USD in 2021 and will grow with a CAGR of 8.56% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

A power cable is an electrical cable, an assembly of one or more electrical conductors, usually held together with an overall sheath. The assembly is used for transmission of electrical power. Power cables may be installed as permanent wiring within buildings, buried in the ground, run overhead, or exposed.Market competition is not intense. Prysmian Group, Nexans, Sumitomo Electric, Furukawa and General Cable are the top 5 players of the industry, with about 30% market shares. Asia Pacific is the largest supplier of Power Cables, with a production market share nearly 34% in 2016. Europe is the second largest supplier of Power Cables, enjoying production market share nearly 33%. Asia Pacific is the largest consumption place, with a consumption market share nearly 38%. Following Asia Pacific, Europe is the second largest consumption place with the consumption market share of 30%. The classification of Power Cables includes High Voltage Power Cables, Medium Voltage Power Cables and Low Voltage Power Cables, and the proportion of High Voltage Power Cables is about 43%, and the proportion of Medium Voltage Power Cables is about 36%. Power Cables is widely used in Overland, Underground and Submarine. The most proportion of Power Cables is Underground, and the proportion is 43%.

By Market Verdors:

Prysmian Group

Nexans

Sumitomo Electric

Furukawa

General Cable

Southwire

Leoni

LS Cable & Systems

Fujikura

Far East Cable

Jiangnan Cable

Baosheng Group

Hitachi

Encore Wire

NKT

Hengtong Group

Xignux

Finolex

KEI Industries

By Types:

HV (High Voltage Power Cables)

MV (Medium Voltage Power Cables)

LV (Low Voltage Power Cables)

By Applications:

Overland

Underground

Submarine

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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