Overhead Cables Market to observe USD 17.67 Bn incremental growth; APAC to have the largest market share -- Technavio

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Oct 04, 2022, 05:30 ET

NEW YORK, Oct. 4, 2022 /PRNewswire/ -- The overhead cables market size is expected to increase by USD 17.67 billion and accelerate at a CAGR of 5.1% between 2021 and 2026, according to the latest market research report by Technavio. The report expects the market to observe significant growth in APAC over the forecast period. Factors such as growing population, rapid industrialization, urban migration, and higher living standards are creating significant opportunities for vendors operating in the region. The report provides a comprehensive analysis of the current market size, YOY growth rates, regional growth opportunities, key strategies adopted by vendors, and key segments to invest in over the forecast period. Download PDF Report Sample before purchasing our full report.

Technavio has announced its latest market research report titled Global Overhead Cables Market 2022-2026

The overhead cables market report covers insights on major trends, key growth drivers, and challenges impacting the overall growth of the market. The market growth is primarily driven by increased renewable power generation. The growing focus on sustainable energy generation has resulted in a shift toward the adoption of renewable energy technologies such as wind turbines, solar power, and others. Renewable energy is currently the fastest-growing source of electricity generation. The amount of electricity generated from renewable energy sources is growing by more than 2.5% per year. Thus, with increased investments in renewable energy generation globally, the demand for new installations of overhead cables is expected to increase significantly over the forecast period.

However, the fluctuations in the prices of raw materials might reduce the growth potential in the segment. Aluminum and copper are the primary raw materials used in the manufacture of overhead cables. The volatile prices of these materials lead to significant volatility in the cost of sales or revenue for cable manufacturers. When raw material prices escalate, vendors can expect a rise in their gross profit margins. This can happen if they increase the final selling price to recover the rise in the cost of raw materials, provided there is ample demand for the product. If vendors are unable to raise the amount due to the presence of stiff competition among the market players, their gross revenue decreases.

The overhead cables market is segmented by type (high voltage, medium voltage, and low voltage) and geography (APAC, Europe, North America, South America, and the Middle East and Africa).

By type, the market growth will be significant in the high voltage overhead cables segment. The segment is driven by increased investments in T&D infrastructure upgrades, growing power generation capacity, and increased use of renewable sources to generate electricity.

By region, APAC will provide significant growth opportunities for vendors. The region will account for 34% of the global market share over the forecast period. Factors such as the rise in urban population and increased investments in T&D networks, especially in countries such as China, India, Pakistan, Australia, and Thailand are driving the growth of the regional market.

This report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Download Sample Report Here

The overhead cables market covers the following areas:

Overhead Cables Market Sizing
Overhead Cables Market Forecast
Overhead Cables Market Analysis

Companies Mentioned

ABB Ltd.
Brugg Kabel AG
Dubai Cable Co Pvt
Encore Wire Corp
Furukawa Electric Co. Ltd.
Jiangsu Zhongtian Technology Co Ltd
KEC International Ltd
KEI Industries Ltd
LS Cable and System Ltd.
Nexans SA
NKT AS
Prysmian Spa
Riyadh Cables Group of Companies
Schneider Electric SE
Southwire Co. LLC
Sumitomo Electric Industries Ltd
Synergy Cables Ltd.
Tratos Cavi S.p.A.
Universal Cables Ltd.

Related Reports:

Overhead Cables Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 5.1%
Market growth 2022-2026	USD 17.67 billion
Market structure	Fragmented
YoY growth (%)	5.02
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 34%
Key consumer countries	US, China, India, Japan, UK, and Germany
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	ABB Ltd., Brugg Kabel AG, Dubai Cable Co Pvt, Encore Wire Corp, Furukawa Electric Co. Ltd., Jiangsu Zhongtian Technology Co Ltd, KEC International Ltd, KEI Industries Ltd, LS Cable and System Ltd., Nexans SA, NKT AS, Prysmian Spa, Riyadh Cables Group of Companies, Schneider Electric SE, Southwire Co. LLC, Sumitomo Electric Industries Ltd, Synergy Cables Ltd., Tratos Cavi S.p.A., and Universal Cables Ltd.
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered:

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
Exhibit 06: Executive Summary – Chart on Incremental Growth
Exhibit 07: Executive Summary – Data Table on Incremental Growth
Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers

Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Type

5.1 Market segments

Exhibit 24: Chart on Type - Market share 2021-2026 (%)
Exhibit 25: Data Table on Type - Market share 2021-2026 (%)

5.2 Comparison by Type

Exhibit 26: Chart on Comparison by Type
Exhibit 27: Data Table on Comparison by Type

5.3 High voltage - Market size and forecast 2021-2026

Exhibit 28: Chart on High voltage - Market size and forecast 2021-2026 ($ billion)
Exhibit 29: Data Table on High voltage - Market size and forecast 2021-2026 ($ billion)
Exhibit 30: Chart on High voltage - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on High voltage - Year-over-year growth 2021-2026 (%)

5.4 Medium voltage - Market size and forecast 2021-2026

Exhibit 32: Chart on Medium voltage - Market size and forecast 2021-2026 ($ billion)
Exhibit 33: Data Table on Medium voltage - Market size and forecast 2021-2026 ($ billion)
Exhibit 34: Chart on Medium voltage - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Medium voltage - Year-over-year growth 2021-2026 (%)

5.5 Low voltage - Market size and forecast 2021-2026

Exhibit 36: Chart on Low voltage - Market size and forecast 2021-2026 ($ billion)
Exhibit 37: Data Table on Low voltage - Market size and forecast 2021-2026 ($ billion)
Exhibit 38: Chart on Low voltage - Year-over-year growth 2021-2026 (%)
Exhibit 39: Data Table on Low voltage - Year-over-year growth 2021-2026 (%)

5.6 Market opportunity by Type

Exhibit 40: Market opportunity by Type ($ billion)

6 Customer Landscape

6.1 Customer landscape overview

Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation

Exhibit 42: Chart on Market share by geography 2021-2026 (%)
Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison

Exhibit 44: Chart on Geographic comparison
Exhibit 45: Data Table on Geographic comparison

7.3 APAC - Market size and forecast 2021-2026

Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026

Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 North America - Market size and forecast 2021-2026

Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ billion)
Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026

Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ billion)
Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026

Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 China - Market size and forecast 2021-2026

Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ billion)
Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ billion)
Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

7.9 US - Market size and forecast 2021-2026

Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ billion)
Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ billion)
Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)

7.10 India - Market size and forecast 2021-2026

Exhibit 74: Chart on India - Market size and forecast 2021-2026 ($ billion)
Exhibit 75: Data Table on India - Market size and forecast 2021-2026 ($ billion)
Exhibit 76: Chart on India - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on India - Year-over-year growth 2021-2026 (%)

7.11 Japan - Market size and forecast 2021-2026

Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.12 UK - Market size and forecast 2021-2026

Exhibit 82: Chart on UK - Market size and forecast 2021-2026 ($ billion)
Exhibit 83: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
Exhibit 84: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 85: Data Table on UK - Year-over-year growth 2021-2026 (%)

7.13 Germany - Market size and forecast 2021-2026

Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.14 Market opportunity by geography

Exhibit 90: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges

Exhibit 91: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape

Exhibit 92: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption

Exhibit 93: Overview on factors of disruption

9.4 Industry risks

Exhibit 94: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered

Exhibit 95: Vendors covered

10.2 Market positioning of vendors

Exhibit 96: Matrix on vendor position and classification

10.3 ABB Ltd.

Exhibit 97: ABB Ltd. - Overview
Exhibit 98: ABB Ltd. - Business segments
Exhibit 99: ABB Ltd. - Key news
Exhibit 100: ABB Ltd. - Key offerings
Exhibit 101: ABB Ltd. - Segment focus

10.4 Encore Wire Corp

Exhibit 102: Encore Wire Corp - Overview
Exhibit 103: Encore Wire Corp - Product / Service
Exhibit 104: Encore Wire Corp - Key offerings

10.5 Furukawa Electric Co. Ltd.

Exhibit 105: Furukawa Electric Co. Ltd. - Overview
Exhibit 106: Furukawa Electric Co. Ltd. - Business segments
Exhibit 107: Furukawa Electric Co. Ltd. - Key offerings
Exhibit 108: Furukawa Electric Co. Ltd. - Segment focus

10.6 KEC International Ltd

Exhibit 109: KEC International Ltd - Overview
Exhibit 110: KEC International Ltd - Business segments
Exhibit 111: KEC International Ltd - Key offerings
Exhibit 112: KEC International Ltd - Segment focus

10.7 KEI Industries Ltd

Exhibit 113: KEI Industries Ltd - Overview
Exhibit 114: KEI Industries Ltd - Business segments
Exhibit 115: KEI Industries Ltd - Key offerings
Exhibit 116: KEI Industries Ltd - Segment focus

10.8 LS Cable and System Ltd.

Exhibit 117: LS Cable and System Ltd. - Overview
Exhibit 118: LS Cable and System Ltd. - Product / Service
Exhibit 119: LS Cable and System Ltd. - Key offerings

10.9 Nexans SA

Exhibit 120: Nexans SA - Overview
Exhibit 121: Nexans SA - Business segments
Exhibit 122: Nexans SA - Key offerings
Exhibit 123: Nexans SA - Segment focus

10.10 NKT AS

Exhibit 124: NKT AS - Overview
Exhibit 125: NKT AS - Business segments
Exhibit 126: NKT AS - Key offerings
Exhibit 127: NKT AS - Segment focus

10.11 Prysmian Spa

Exhibit 128: Prysmian Spa - Overview
Exhibit 129: Prysmian Spa - Business segments
Exhibit 130: Prysmian Spa - Key offerings
Exhibit 131: Prysmian Spa - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist

Exhibit 132: Inclusions checklist
Exhibit 133: Exclusions checklist

11.3 Currency conversion rates for US$

Exhibit 134: Currency conversion rates for US$

11.4 Research methodology

Exhibit 135: Research methodology
Exhibit 136: Validation techniques employed for market sizing
Exhibit 137: Information sources

11.5 List of abbreviations

Exhibit 138: List of abbreviations

NZS 1429

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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