Asia Pacific MV and HV Underground Cables and Accessories Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2022-2027

Asia Pacific MV and HV Underground Cables and Accessories Market

The new report by Expert Market Research titled, β€˜Asia Pacific MV and HV Underground Cables and Accessories Market Size, Report and Forecast 2022-2027’, givesβ€―anβ€―in-depth analysis of theβ€―Asia Pacific MV and HV underground cables and accessories market, assessing the market based on its segments likeβ€―types, end-users, andβ€―major countries. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assessesβ€―the market dynamics, covering the key demand and price indicators, along withβ€―analysingβ€―the market based on the SWOT and Porter’s Five Forces models.

Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/asia-pacific-mv-and-hv-underground-cables-and-accessories-market/requestsample

The keyβ€―highlights of the report include:

Market Overview (2017-2027)

  • Forecast CAGR (2022-2027):β€―3%

The MV and HV underground cable and accessories market is expected to be driven by a surge in renewable energy, increased usage of interconnectors and submarine cables, the building of urban substations, and growing public opposition to new overhead line projects. In India, the government has been emphasising the development and enhancement of transmission and distribution networks. The government has introduced several schemes to this end, and such initiatives have resulted in creating a market for cables and conductors in the country. Continued investments by the government through various schemes are expected to augment the market growth during the forecast period. Apart from government initiatives, a key driver would be the shift towards HV (high voltage) transmission lines. Demand would increase due to the creation of high voltage long-distance corridors aimed at delivering electricity to high demand areas and the development of green energy corridors for integrating the increasing share of renewable energy into the grid.

Industry Definition and Major Segments

Underground cables are a cost-effective and easy-to-maintain alternative for critical segments (and in some cases the entire length) of power transmission and distribution lines, and the entire length of some lines. A cable is an insulated conductor used for electrical transmission and distribution underground. A cable consists of one or more conductors, each with its own insulation, covers, assembly protection, and protective coverings.

Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/asia-pacific-mv-and-hv-underground-cables-and-accessories-market

By type, the market is segmented into:

  • Cable Type
  • Medium Voltage
  • 1kV–15kV
  • 15kV-36kV
  • 36kV-69kV
  • High Voltage
  • 69kV-230kV
  • 230kV-500kV
  • Above 500kV
  • Accessories Type
  • Cable Joints
  • Terminators
  • Connectors
  • Clamps
  • Others

By end user, the market is classified into:

  • Utility
  • Oil and Gas
  • Mining
  • Renewables
  • Transportation
  • Others

On the basis ofβ€―country, theβ€―market is segmentedβ€―into:

  • China
  • Japan
  • India
  • ASEAN
  • Australia
  • Others

Market Trends

Several solutions have been developed to allow utilities to expand their capacity without having to contend with right-of-way (RoW) clearances. The use of underground cables has become a new technology trend. Cross-linked polyethylene (XLPE) and Gas Insulated Cables (GILs) have been developed for high-voltage transmission networks. In several parts of Asia, increasing consumer demand for a better environment and superior system reliability has resulted in increased demand for undergrounding. With the growth of smart grid technologies and the increase in renewable energy capacity, specialised cables are being designed. For example, MV (medium voltage) smart cables that integrate optical fibre cable with power cables are preferred for smart grid applications. Thus, the growth of smart grid technologies is expected to stimulate the Asia Pacific MV and HV underground cables and accessories market.

Key Market Players

The major players in the marketβ€―are Gloster Cables Limited, Sterlite Power, Bhuwal Insulation Cable Pvt. Ltd., Sumitomo Electric Industries, Ltd., Federal Power Sdn Bhd, ZTT, Jiangnan Group Limited, among others. Theβ€―report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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