MV and HV Underground Cables and Accessories Market Analysis and Forecast to 2031: By Type (Cable Type, Accessories Type), End User (Utility, Oil and Gas, Mining, and Others), and Region
MV and HV underground cables and accessories are used to connect high voltage and medium voltage electrical equipment to the power grid. These products are typically made from copper or aluminum and are insulated with a variety of materials, including paper, polyethylene, or cross-linked polyethylene. The most common type of MV underground cable is the direct burial cable, which is buried directly in the ground. HV underground cables are typically installed in ducts or conduits and are often used in high-voltage applications such as transmission lines.
Key Trends
The key trends in MV and HV underground cables and accessories technology are the development of new materials, the use of new installation methods, and the increasing use of monitoring and diagnostics.
The development of new materials has led to the development of new types of cables that are more resistant to fire, water, and other damage.
The use of new installation methods, such as horizontal directional drilling, has made it possible to install cables without disturbing the ground or damaging existing infrastructure.
The increasing use of monitoring and diagnostics has made it possible to detect and repair problems before they cause outages.
Key Drivers
Some of the key drivers of the MV and HV underground cables and accessories market are as follows:
Increasing demand for electricity: The ever-increasing demand for electricity is one of the key drivers of the MV and HV underground cables and accessories market. With the growing population and economy, the demand for electricity is expected to continue to grow in the coming years.
Rising investment in transmission and distribution infrastructure: Another key driver of the MV and HV underground cables and accessories market is the rising investment in transmission and distribution infrastructure. With the growing demand for electricity, utilities are investing heavily in upgrading and expanding their transmission and distribution networks. This is expected to drive the demand for MV and HV underground cables and accessories.
Technological advancements: Technological advancements in the manufacturing of MV and HV underground cables and accessories have resulted in improved product quality and performance. This has led to increased adoption of these products, thereby driving the market growth.
Stringent government regulations: Stringent government regulations regarding the safety and reliability of electrical transmission and distribution systems are another key driver of the MV and HV underground cables and accessories market. These regulations are mandating the use of high-quality and reliable products, which is driving the market growth.
Restraints & Challenges
The key restraints and challenges in MV and HV underground cables and accessories market are as follows:
-The high cost of installation and maintenance of MV and HV underground cables and accessories.
-The need for trained personnel for installation and maintenance of MV and HV underground cables and accessories.
-The risk of damage to MV and HV underground cables and accessories during installation and maintenance.
Market Segments
The MV and HV Underground Cables and Accessories Market is segmented by type, end-user, and region. By type, the market is divided into cable type and accessories type. Based on end-user, it is bifurcated into utility, oil and gas, mining, and others. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The MV and HV Underground Cables and Accessories Market includes players such as Gloster Cables Limited, Sterlite Power, Bhuwal Insulation Cable Pvt. Ltd., Sumitomo Electric Industries, Ltd., Federal Power Sdn Bhd, ZTT, Jiangnan Group Limited, Keystone Cable, Tratos, and Power Flex Cables.
Table of Contents
Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Methodologies
1.4. Market Estimation Techniques
Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market
Chapter 3. MV and HV Underground Cables and Accessories Market Outlook
3.1. MV and HV Underground Cables and Accessories Market segmentation
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s Five Forces Analysis
3.3.1. Threat of New Entrants
3.3.2. Threat of Substitutes
3.3.3. Bargaining Power of Buyers
3.3.4. Bargaining Power of Supplier
3.3.5. Competitive Rivalry
3.4. PESTLE Analysis
3.5. Value Chain Analysis
3.5.1. Raw Material Suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and/or Retailers
3.6. Impact of the Russia and Ukraine War on the MV and HV Underground Cables and Accessories Market
Chapter 4. Economic Impact of COVID-19 on MV and HV Underground Cables and Accessories Market
4.1. Overall Impact of COVID-19
4.2. Impact of COVID On the MV and HV Underground Cables and Accessories Market
4.3. Economic Impact Analysis
Chapter 5. MV and HV Underground Cables and Accessories Market by Type
5.1. Market Overview
5.2. Cable Type
5.2.1. Market Size and Forecast, 2021-2031 ($Million)
5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.3. Accessories Type
5.3.1. Market Size and Forecast, 2021-2031 ($Million)
5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 6. MV and HV Underground Cables and Accessories Market by End User
6.1. Market Overview
6.2. Utility
6.2.1. Market Size and Forecast, 2021-2031 ($Million)
6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.3. Oil and Gas
6.3.1. Market Size and Forecast, 2021-2031 ($Million)
6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.4. Mining
6.4.1. Market Size and Forecast, 2021-2031 ($Million)
6.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.5. Others
6.5.1. Market Size and Forecast, 2021-2031 ($Million)
6.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 7. MV and HV Underground Cables and Accessories Market, by Region
7.1. Overview
7.2. North America
7.2.1. Key Market Trends and Opportunities
7.2.2. North America MV and HV Underground Cables and Accessories Market Size and Forecast by Type, 2021-2031, ($Million)
7.2.3. North America MV and HV Underground Cables and Accessories Market Size and Forecast by End User, 2021-2031, ($Million)
7.2.4. North America MV and HV Underground Cables and Accessories Market Size and Forecast by Country, 2021-2031, ($Million)
7.2.5. The U.S.
7.2.5.1. The U.S. MV and HV Underground Cables and Accessories Market Size and Forecast by Type, 2021-2031, ($Million)
7.2.5.2. The U.S. MV and HV Underground Cables and Accessories Market Size and Forecast by End User, 2021-2031, ($Million)
7.2.6. Canada
7.2.6.1. Canada MV and HV Underground Cables and Accessories Market Size and Forecast by Type, 2021-2031, ($Million)
7.2.6.2. Canada MV and HV Underground Cables and Accessories Market Size and Forecast by End User, 2021-2031, ($Million)
7.2.7. Mexico
7.2.7.1. Mexico MV and HV Underground Cables and Accessories Market Size and Forecast by Type, 2021-2031, ($Million)
7.2.7.2. Mexico MV and HV Underground Cables and Accessories Market Size and Forecast by End User, 2021-2031, ($Million)
7.3. Europe
7.3.1. Key Market Trends and Opportunities
7.3.2. Europe MV and HV Underground Cables and Accessories Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.3. Europe MV and HV Underground Cables and Accessories Market Size and Forecast by End User, 2021-2031, ($Million)
7.3.4. Europe MV and HV Underground Cables and Accessories Market Size and Forecast by Country, 2021-2031, ($Million)
7.3.5. Germany
7.3.5.1. Germany MV and HV Underground Cables and Accessories Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.5.2. Germany MV and HV Underground Cables and Accessories Market Size and Forecast by End User, 2021-2031, ($Million)
7.3.6. France
7.3.6.1. France MV and HV Underground Cables and Accessories Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.6.2. France MV and HV Underground Cables and Accessories Market Size and Forecast by End User, 2021-2031, ($Million)
7.3.7. U.K.
7.3.7.1. U.K. MV and HV Underground Cables and Accessories Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.7.2. U.K. MV and HV Underground Cables and Accessories Market Size and Forecast by End User, 2021-2031, ($Million)
7.3.8. Spain
7.3.8.1. Spain MV and HV Underground Cables and Accessories Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.8.2. Spain MV and HV Underground Cables and Accessories Market Size and Forecast by End User, 2021-2031, ($Million)
7.3.9. Italy
7.3.9.1. Italy MV and HV Underground Cables and Accessories Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.9.2. Italy MV and HV Underground Cables and Accessories Market Size and Forecast by End User, 2021-2031, ($Million)
7.3.10. Rest of Europe
7.3.10.1. Rest of Europe MV and HV Underground Cables and Accessories Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.10.2. Rest of Europe MV and HV Underground Cables and Accessories Market Size and Forecast by End User, 2021-2031, ($Million)
7.4. Asia-Pacific
7.4.1. Key Market Trends and Opportunities
7.4.2. Asia-Pacific MV and HV Underground Cables and Accessories Market Size and Forecast by Country, 2021-2031, ($Million)
7.4.3. Asia-Pacific MV and HV Underground Cables and Accessories Market Size and Forecast by End User, 2021-2031, ($Million)
7.4.4. Asia-Pacific MV and HV Underground Cables and Accessories Market Size and Forecast by Type, 2021-2031, ($Million)
7.4.5. China
7.4.5.1. China MV and HV Underground Cables and Accessories Market Size and Forecast by Type, 2021-2031, ($Million)
7.4.5.2. China MV and HV Underground Cables and Accessories Market Size and Forecast by End User, 2021-2031, ($Million)
7.4.6. India
7.4.6.1. India MV and HV Underground Cables and Accessories Market Size and Forecast by Type, 2021-2031, ($Million)
7.4.6.2. India MV and HV Underground Cables and Accessories Market Size and Forecast by End User, 2021-2031, ($Million)
7.4.7. Japan
7.4.7.1. Japan MV and HV Underground Cables and Accessories Market Size and Forecast by Type, 2021-2031, ($Million)
7.4.7.2. Japan MV and HV Underground Cables and Accessories Market Size and Forecast by End User, 2021-2031, ($Million)
7.4.8. South Korea
7.4.8.1. South Korea MV and HV Underground Cables and Accessories Market Size and Forecast by Type, 2021-2031, ($Million)
7.4.8.2. South Korea MV and HV Underground Cables and Accessories Market Size and Forecast by End User, 2021-2031, ($Million)
7.4.9. Rest of APAC
7.4.9.1. Rest of APAC MV and HV Underground Cables and Accessories Market Size and Forecast by Type, 2021-2031, ($Million)
7.4.9.2. Rest of APAC MV and HV Underground Cables and Accessories Market Size and Forecast by End User, 2021-2031, ($Million)
7.5. Rest of the World
7.5.1. Key Market Trends and Opportunities
7.5.2. Rest of the World MV and HV Underground Cables and Accessories Market Size and Forecast by Type, 2021-2031, ($Million)
7.5.3. Rest of the World MV and HV Underground Cables and Accessories Market Size and Forecast by End User, 2021-2031, ($Million)
7.5.4. Rest of the World MV and HV Underground Cables and Accessories Market Size and Forecast by Country, 2021-2031, ($Million)
7.5.5. Latin America
7.5.5.1. Latin America MV and HV Underground Cables and Accessories Market Size and Forecast by Type, 2021-2031, ($Million)
7.5.5.2. Latin America MV and HV Underground Cables and Accessories Market Size and Forecast by End User, 2021-2031, ($Million)
7.5.6. Middle East
7.5.6.1. Middle East MV and HV Underground Cables and Accessories Market Size and Forecast by Type, 2021-2031, ($Million)
7.5.6.2. Middle East MV and HV Underground Cables and Accessories Market Size and Forecast by End User, 2021-2031, ($Million)
7.5.7. Africa
7.5.7.1. Africa MV and HV Underground Cables and Accessories Market Size and Forecast by Type, 2021-2031, ($Million)
7.5.7.2. Africa MV and HV Underground Cables and Accessories Market Size and Forecast by End User, 2021-2031, ($Million)
Chapter 8. Competitive Landscape
8.1. Market Overview
8.2. Market Share Analysis/Key Player Positioning
8.3. Developmental Strategy Benchmarking
8.3.1. New Product Development
8.3.2. Product Launches
8.3.3. Business Expansions
8.3.4. Partnerships, Joint Ventures, and Collaborations
8.3.5. Mergers and Acquisitions
Chapter 9. Company Profiles
9.1. Gloster Cables Limited
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Product Offerings
9.1.4. Key Strategic Initiatives
9.1.5. SWOT Analysis
9.2. Sterlite Power
9.2.1. Company Snapshot
9.2.2. Financial Performance
9.2.3. Product offerings
9.2.4. Key Strategic Initiatives
9.2.5. SWOT Analysis
9.3. Bhuwal Insulation Cable Pvt. Ltd.
9.3.1. Company Snapshot
9.3.2. Financial Performance
9.3.3. Product offerings
9.3.4. Key Strategic Initiatives
9.3.5. SWOT Analysis
9.4. Sumitomo Electric Industries, Ltd.
9.4.1. Company Snapshot
9.4.2. Financial Performance
9.4.3. Product offerings
9.4.4. Key Strategic Initiatives
9.4.5. SWOT Analysis
9.5. Federal Power Sdn Bhd
9.5.1. Company Snapshot
9.5.2. Financial Performance
9.5.3. Product offerings
9.5.4. Key Strategic Initiatives
9.5.5. SWOT Analysis
9.6. ZTT
9.6.1. Company Snapshot
9.6.2. Financial Performance
9.6.3. Product offerings
9.6.4. Key Strategic Initiatives
9.6.5. SWOT Analysis
9.7. Jiangnan Group Limited
9.7.1. Company Snapshot
9.7.2. Financial Performance
9.7.3. Product offerings
9.7.4. Key Strategic Initiatives
9.7.5. SWOT Analysis
9.8. Keystone Cable
9.8.1. Company Snapshot
9.8.2. Financial Performance
9.8.3. Product offerings
9.8.4. Key Strategic Initiatives
9.8.5. SWOT Analysis
9.9. Tratos
9.9.1. Company Snapshot
9.9.2. Financial Performance
9.9.3. Product offerings
9.9.4. Key Strategic Initiatives
9.9.5. SWOT Analysis
9.10. Power Flex Cables
9.10.1. Company Snapshot
9.10.2. Financial Performance
9.10.3. Product offerings
9.10.4. Key Strategic Initiatives
9.10.5. SWOT Analysis
*The list of company is subject to change during the final compilation of the report
Key Players
Market Segments
By Type
- Cable Type
- Accessories Type
By End User
- Utility
- Oil and Gas
- Mining
- Others
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East
- Africa