According to a new market report published by Lucintel, the future of the energy cable market looks attractive with opportunities in the utilities, industrial, residential, and commercial sectors. The energy cable market is expected to reach an estimated $135 billion by 2024 and is forecast to grow at a CAGR of 5% from 2019 to 2024. The major growth drivers for this market are growth in electricity consumption due to industrialization, urbanization, electrification of rural areas, and increasing construction activities.

Browse 72 market data tables and 115 figures spread through 185 pages and in-depth TOC on “Energy Cable Market"

To download report brochure, please go to https://www.lucintel.com/energy-cable-market.aspx and click "report brochure" tab from the menu.

In this market, low voltage, medium voltage, and high voltage energy cables are used for the transmission and distribution of electricity. Lucintel forecasts that low voltage cable is expected to remain the largest segment and it is also expected to witness the highest growth over the forecast period due to growth in construction as well as automotive sector, especially in China and India.

Within the energy cable market, utilities are expected to remain the largest end use market due to the continuous expansion in electrical infrastructure to fulfill growing electricity demand. The residential segment is expected to witness the highest growth in the forecast period supported by increasing construction activities and increasing demand for heating, cooling, and air-conditioning (HVAC) equipment.

Asia Pacific is expected to remain the largest market and is also expected to witness the highest growth over the forecast period. Economic expansion, industrialization, urbanization, and rural electrification projects, particularly in India and China, are leading the demand for energy cables.

Emerging trends, which have a direct impact on the dynamics of the industry, include the deployment of superconductors in power cables for improved performance and electron beam cross linking of power cable for durability and high current carrying capacity. Prysmian Group, Nexans S.A., Leoni AG, NKT S/A, Sumitomo Electric Industries Ltd, Encore Wire Corporation, and Southwire are among the major suppliers of energy cable.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the energy cable market by product type, voltage type, end use industries, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Energy Cable Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the energy cable market by product type, voltage type, end use industries, and region as follows:

By Voltage Type [$B shipment analysis for 2013 – 2024]:

Low VoltageMedium VoltageHigh Voltage
By End Use Industries Market [$B shipment analysis for 2013 – 2024]:

UtilitiesIndustrialResidentialCommercial
By Product Type [$B shipment analysis for 2013 – 2024]:

Low Voltage Energy CablesPower Cables
By Region [$B shipment analysis for 2013 – 2024]:

North AmericaUSCanadaMexicoEuropeGermanyRussiaUnited KingdomItalyFranceAsia PacificChinaIndiaJapanSouth KoreaThe Rest of the WorldBrazilSaudi Arabia
This 185-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/energy-cable-market.aspx or [email protected].

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