The Asia-Pacific high voltage cable market is predicted to record a 5.88% CAGR by 2032, and is expected to generate $31523.75 million during the forecast period, 2023-2032.

ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET FORECAST 2023-2032

Asia-Pacific High Voltage Cable Market by Installation (Overhead, Underground, Submarine) Market by End-user (Industrial (Power Utilities, Oil & Gas, Mining, Chemical & Petrochemical, Other Industrial End-users), Renewable Energy, Infrastructure (Commercial, Residential)) by Geography

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The Asia-Pacific high voltage cable market is predicted to record a 5.88% CAGR by 2032, and is expected to generate $31523.75 million during the forecast period, 2023-2032.

Asia-Pacific is expected to remain the largest regional market for high voltage cable throughout the forecast period. This growth is predicted owing to the efforts to meet the constantly surging demands for electricity for industrialization and urbanization in developing countries. Further, China is the leading energy producer, which requires a large number of high voltage cables for electricity transmission. Also, numerous global players are entering the high voltage cable market in Asia-Pacific.

Asia-Pacific High Voltage Cable (HVC) Market

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The Asia-Pacific high voltage cable market growth analysis includes the evaluation of Australia & New Zealand, Vietnam, India, Japan, China, Indonesia, South Korea, and Rest of Asia-Pacific. The Chinese government primarily prioritizes investing in renewable energy as it enables the country to tackle problems arising from air and water pollution and mitigate socio-economic instability.

Additionally, China has vast resources and great potential for future development. China installed more new renewable energy capacity than Europe and Rest of Asia-Pacific in the last few years. The main drivers for this shift are improved energy security, decreased air pollution, and increased cost-competitiveness of renewable energy technologies.

On the other hand, Japan’s market for high voltage cables is showcasing stable growth owing to the country’s renewable energy developments. Japan’s self-sufficient, low-energy, and renewable energy market is anticipated to propel over the next decade. In particular, the government is aggressively promoting solar energy by introducing a feed-in tariff system. However, a low energy self-efficiency ratio increases resource dependence on other countries. This drawback may cause difficulties in securing energy as it is expected to make Japan susceptible to the effects of international affairs.

The Asia-Pacific high voltage cable market assessment includes segmentation by installation and end-user. Market by installation entails submarine, underground, and overhead.

Electricity is distributed to power grids from onshore power plants using overhead high voltage cables suspended from poles and towers. These cables only have air as an insulating medium between multiple conductors made of copper or aluminum for proper functioning. Further, in comparison to other cables, such as submarine or underground cables, overhead high voltage cables are less expensive.

However, overhead high voltage cables are generally used outside city limits as they emit strong magnetic and electric waves, posing serious threats to human health. Besides, overhead high voltage cables are predicted to witness a drop during the projected period due to high power loss, worn-out appearance, and frequent fault incidence. Therefore, over the next few years, underground cables are anticipated to replace them.

Key players operating in the Asia-Pacific high voltage cable market include Hitachi Ltd, Furukawa Electric Group, Finolex Cables Ltd, etc.

Hitachi Ltd manufactures electrical and electronic products. The company’s product portfolio comprises servers, storage products, elevators, escalators, railway systems, transmission & distribution systems, semiconductor processing equipment, medical electronics equipment, hydraulic excavators, mining machinery, semiconductor and display-related materials, energy storage devices, magnetic materials and components, wires and cables, electric powertrain systems, car information systems, air conditioning equipment, and optical disc drives.

Hitachi Ltd also offers consulting, cloud services, logistics, property management, leasing and loan guarantees, etc. Hitachi caters to a wide range of sectors through its products and services segment, including power, energy and utilities, transportation, finance, government, and healthcare. The company operates in Asia-Pacific, North America, Latin America, and Europe, with headquarters in Tokyo, Japan.

NH-WEP series from Hitachi comprises rolling stock cables with a rated voltage of 30 kV, which are expected to be used mainly in high-speed rolling stock. Moreover, adopting technologies incorporating covering material has led to producing halogen-free wires and cables successfully.

Report Synopsis

Report Scope

Details
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2021
Forecast UnitsRevenue ($ Million)
Segments AnalyzedInstallation and End-User
Countries AnalyzedChina, Japan, India, South Korea, Indonesia, Vietnam, Australia & New Zealand, and Rest of Asia-Pacific
Companies Analyzed

Dubai Cable Company Pvt Ltd, Finolex Cables, Furukawa Electric Co Ltd, Hitachi Ltd, Nexans, NKT Cables, Prysmian Group, Tele-Fonika Kable SA, Siemens AG, Southwire LLC, Sumitomo Electric Industries Ltd, Synergy Cables Ltd, TBEA Co Ltd, Tratos

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
      • SCOPE OF MARKET
      • CRISIS SCENARIO ANALYSIS
      • MAJOR MARKET FINDINGS
        • RISE IN ONSHORE AND OFFSHORE PROJECTS
        • HIGH-RISE BUILDING CONSTRUCTIONS CREATE SCOPE FOR HVC
    1. MARKET DYNAMICS
      • KEY DRIVERS
        • DEVELOPMENTS IN EMERGING COUNTRIES
        • INCREASE IN INFRASTRUCTURE ACTIVITIES
      • KEY RESTRAINTS
        • VOLATILE PRICES OF METALS
    1. KEY ANALYTICS
      • PARENT MARKET ANALYSIS
      • KEY TECHNOLOGY TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • GROWTH PROSPECT MAPPING
        • VIETNAM
      • MARKET MATURITY ANALYSIS
      • MARKET CONCENTRATION ANALYSIS
      • KEY BUYING CRITERIA
        • COST
        • PRODUCT FEATURES
        • EFFICIENCY
      • VALUE CHAIN ANALYSIS
        • RAW MATERIALS
        • HVC MANUFACTURES
        • DISTRIBUTORS
        • END-USERS
    1. MARKET BY INSTALLATION
      • OVERHEAD
      • UNDERGROUND
      • SUBMARINE
    2. MARKET BY END-USER
      • INDUSTRIAL
        • POWER UTILITIES
        • OIL & GAS
        • MINING
        • CHEMICAL & PETROCHEMICAL
        • OTHER INDUSTRIAL END-USERS
      • RENEWABLE ENERGY
      • INFRASTRUCTURE
        • COMMERCIAL
        • RESIDENTIAL
    1. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • COUNTRY ANALYSIS
          • CHINA
            • CHINA HIGH VOLTAGE CABLE MARKET SIZE & OPPORTUNITIES
          • JAPAN
            • JAPAN HIGH VOLTAGE CABLE MARKET SIZE & OPPORTUNITIES
          • INDIA
            • INDIA HIGH VOLTAGE CABLE MARKET SIZE & OPPORTUNITIES
          • SOUTH KOREA
            • SOUTH KOREA HIGH VOLTAGE CABLE MARKET SIZE & OPPORTUNITIES
          • INDONESIA
            • INDONESIA HIGH VOLTAGE CABLE MARKET SIZE & OPPORTUNITIES
          • VIETNAM
            • VIETNAM HIGH VOLTAGE CABLE MARKET SIZE & OPPORTUNITIES
          • AUSTRALIA & NEW ZEALAND
            • AUSTRALIA & NEW ZEALAND HIGH VOLTAGE CABLE MARKET SIZE & OPPORTUNITIES
          • REST OF ASIA-PACIFIC
            • REST OF ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET SIZE & OPPORTUNITIES
    1. COMPETITIVE LANDSCAPE
      • MARKET LEADER BOARD
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS
      • COMPANY PROFILES
        • DUBAI CABLE COMPANY PVT LTD
          • COMPANY DESCRIPTION
          • PRODUCT PORTFOLIO
          • STRENGTHS & CHALLENGES
        • FINOLEX CABLES
          • COMPANY DESCRIPTION
          • PRODUCT PORTFOLIO
        • FURUKAWA ELECTRIC CO LTD
          • COMPANY DESCRIPTION
          • FINANCIAL ANALYSIS
          • PRODUCT PORTFOLIO
          • STRENGTHS & CHALLENGES
        • HITACHI LTD
          • COMPANY DESCRIPTION
          • FINANCIAL ANALYSIS
          • PRODUCT PORTFOLIO
          • STRENGTHS & CHALLENGES
        • NEXANS
          • COMPANY DESCRIPTION
          • PRODUCT PORTFOLIO
          • STRENGTHS & CHALLENGES
        • NKT CABLES
          • COMPANY DESCRIPTION
          • FINANCIAL ANALYSIS
          • PRODUCT PORTFOLIO
          • STRENGTHS & CHALLENGES
        • PRYSMIAN GROUP
          • COMPANY DESCRIPTION
          • PRODUCT PORTFOLIO
          • STRENGTHS & CHALLENGES
        • SIEMENS AG
          • COMPANY DESCRIPTION
          • FINANCIAL ANALYSIS
          • PRODUCT PORTFOLIO
          • STRENGTHS & CHALLENGES
        • SOUTHWIRE LLC
          • COMPANY DESCRIPTION
          • FINANCIAL ANALYSIS
          • PRODUCT PORTFOLIO
          • STRENGTHS & CHALLENGES
        • SUMITOMO ELECTRIC INDUSTRIES LTD
          • COMPANY DESCRIPTION
          • FINANCIAL ANALYSIS
          • PRODUCT PORTFOLIO
          • STRENGTHS & CHALLENGES
        • SYNERGY CABLES LTD
          • COMPANY DESCRIPTION
          • FINANCIAL ANALYSIS
          • PRODUCT PORTFOLIO
          • STRENGTHS & CHALLENGES
        • TBEA CO LTD
          • COMPANY DESCRIPTION
          • PRODUCT PORTFOLIO
        • TELE-FONIKA KABLE SA
          • COMPANY DESCRIPTION
          • PRODUCT PORTFOLIO
        • TRATOS
          • COMPANY DESCRIPTION
          • PRODUCT PORTFOLIO

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – HIGH VOLTAGE CABLE

    TABLE 2: ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET, BY INSTALLATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 3: ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET, BY INSTALLATION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

    TABLE 4: ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 5: ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET, BY END-USER, FORECAST YEARS, 2023-2032 (IN $ MILLION)

    TABLE 6: ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET, BY INDUSTRIAL, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 7: ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET, BY INDUSTRIAL, FORECAST YEARS, 2023-2032 (IN $ MILLION)

    TABLE 8: ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET, BY INFRASTRUCTURE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 9: ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET, BY INFRASTRUCTURE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

    TABLE 10: KEY PLAYERS IN ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET

    TABLE 11: ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 12: ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

    TABLE 13: ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET REGULATORY FRAMEWORK

    TABLE 14: KEY PLAYERS IN ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET

    TABLE 15: LIST OF MERGERS & ACQUISITIONS

    TABLE 16: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 17: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 18: LIST OF BUSINESS EXPANSIONS

    LIST OF FIGURES

    FIGURE 1: SCOPE OF MARKET

    FIGURE 2: INTENSITY OF THE DRIVERS & RESTRAINTS

    FIGURE 3: KEY TECHNOLOGY TRENDS

    FIGURE 4: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 5: GROWTH PROSPECT MAPPING- VIETNAM

    FIGURE 6: MARKET MATURITY

    FIGURE 7: MARKET CONCENTRATION ANALYSIS

    FIGURE 8: KEY BUYING CRITERIA

    FIGURE 9: VALUE CHAIN ANALYSIS

    FIGURE 10: ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET, GROWTH POTENTIAL, BY INSTALLATION, IN 2022

    FIGURE 11: ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET, BY OVERHEAD, 2023-2032 (IN $ MILLION)

    FIGURE 12: ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET, BY UNDERGROUND, 2023-2032 (IN $ MILLION)

    FIGURE 13: ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET, BY SUBMARINE, 2023-2032 (IN $ MILLION)

    FIGURE 14: ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET, GROWTH POTENTIAL, BY END-USER, IN 2022

    FIGURE 15: ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET, BY INDUSTRIAL, 2023-2032 (IN $ MILLION)

    FIGURE 16: ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET, GROWTH POTENTIAL, BY INDUSTRIAL, IN 2022

    FIGURE 17: ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET, BY POWER & UTILITIES, 2023-2032 (IN $ MILLION)

    FIGURE 18: ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET, BY OIL & GAS, 2023-2032 (IN $ MILLION)

    FIGURE 19: ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET, BY MINING, 2023-2032 (IN $ MILLION)

    FIGURE 20: ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET, BY CHEMICAL & PETROCHEMICAL, 2023-2032 (IN $ MILLION)

    FIGURE 21: ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET, BY OTHER INDUSTRIAL END-USERS, 2023-2032 (IN $ MILLION)

    FIGURE 22: ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET, BY RENEWABLE ENERGY, 2023-2032 (IN $ MILLION)

    FIGURE 23: ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET, BY INFRASTRUCTURE, 2023-2032 (IN $ MILLION)

    FIGURE 24: ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET, GROWTH POTENTIAL, BY INFRASTRUCTURE, IN 2022

    FIGURE 25: ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET, BY COMMERCIAL, 2023-2032 (IN $ MILLION)

    FIGURE 26: ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET, BY RESIDENTIAL, 2023-2032 (IN $ MILLION)

    FIGURE 27: ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

    FIGURE 28: CHINA HIGH VOLTAGE CABLE MARKET, 2023-2032 (IN $ MILLION)

    FIGURE 29: JAPAN HIGH VOLTAGE CABLE MARKET, 2023-2032 (IN $ MILLION)

    FIGURE 30: INDIA HIGH VOLTAGE CABLE MARKET, 2023-2032 (IN $ MILLION)

    FIGURE 31: SOUTH KOREA HIGH VOLTAGE CABLE MARKET, 2023-2032 (IN $ MILLION)

    FIGURE 32: INDONESIA HIGH VOLTAGE CABLE MARKET, 2023-2032 (IN $ MILLION)

    FIGURE 33: VIETNAM HIGH VOLTAGE CABLE MARKET, 2023-2032 (IN $ MILLION)

    FIGURE 34: AUSTRALIA & NEW ZEALAND HIGH VOLTAGE CABLE MARKET, 2023-2032 (IN $ MILLION)

    FIGURE 35: REST OF ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET, 2023-2032 (IN $ MILLION)       

    1. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • COUNTRY ANALYSIS
          • CHINA
            • CHINA HIGH VOLTAGE CABLE MARKET SIZE & OPPORTUNITIES
          • JAPAN
            • JAPAN HIGH VOLTAGE CABLE MARKET SIZE & OPPORTUNITIES
          • INDIA
            • INDIA HIGH VOLTAGE CABLE MARKET SIZE & OPPORTUNITIES
          • SOUTH KOREA
            • SOUTH KOREA HIGH VOLTAGE CABLE MARKET SIZE & OPPORTUNITIES
          • INDONESIA
            • INDONESIA HIGH VOLTAGE CABLE MARKET SIZE & OPPORTUNITIES
          • VIETNAM
            • VIETNAM HIGH VOLTAGE CABLE MARKET SIZE & OPPORTUNITIES
          • AUSTRALIA & NEW ZEALAND
            • AUSTRALIA & NEW ZEALAND HIGH VOLTAGE CABLE MARKET SIZE & OPPORTUNITIES
          • REST OF ASIA-PACIFIC
            • REST OF ASIA-PACIFIC HIGH VOLTAGE CABLE MARKET SIZE & OPPORTUNITIES
    1. MARKET BY INSTALLATION
      • OVERHEAD
      • UNDERGROUND
      • SUBMARINE
    2. MARKET BY END-USER
      • INDUSTRIAL
        • POWER UTILITIES
        • OIL & GAS
        • MINING
        • CHEMICAL & PETROCHEMICAL
        • OTHER INDUSTRIAL END-USERS
      • RENEWABLE ENERGY
      • INFRASTRUCTURE
        • COMMERCIAL
        • RESIDENTIAL

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