The Latin America, Middle East and Africa High Voltage Cables Market would witness market growth of 6.7% CAGR during the forecast period (2020-2026). Medium voltage cables usually run between 10 and 33 kV and those above 50 kV are high voltage cables. Short high voltage cables are used in equipment, while longer cables are found in buildings, as underground cables in manufacturing plants and for power delivery. Furthermore, very long cables are used in applications such as submarines for underwater power transmission. High voltage cables are used in a number of applications, such as instruments, AC and DC power delivery and ignition systems. Each of these applications require a tightly shielded cable that cannot deteriorate due to high voltage pressure.
The cables have to avoid the contact of a high voltage conductor with objects or individuals and control the leakage of electrical current. Power transmission is considered to be a crucial area of innovation in all major regions of the world. The power industry needs modern power transmission networks in order to provide good connections between mainland stations and shores. Globally, millions of circuit kilometres of additional transmission lines are planned to be installed in the near future. There are many benefits of using high voltage cables and power transfer equipment, including decreased line current with a given volume of power, increased reliability and better voltage regulation.
There are many reasons that are known to be the key drivers for the growth of the high voltage and accessories industry. Most of the national transmission networks in the world are old and have become less effective and reliable. As a result, the increasing need for innovative technology to eliminate power cuts and improve the reliability of power delivery raises the need for high-quality cables and accessories. Governments, private producers and service providers are dramatically expanding their current high-voltage transmission technologies to expand capacity. Other factors include the development of offshore wind power operations, grid interconnections and high-voltage communication links, which in turn add to the development of the demand for high-voltage cables and accessories.
Based on Installation Type, the market is segmented into Overhead, Submarine and Underground. Based on End User, the market is segmented into Energy & Power, IT & Telecom, Aerospace & Defense, Oil & Gas, Building & Construction and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: High Voltage Cables Market in LAMEA is expected to register a CAGR of 6.7% during the forecast period (2020-2026)
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, Nexans SA, Finolex Cables Limited, NKT A/S, Sumitomo Electric Industries, Ltd., Dubai Cable Company Pvt. Ltd. (Senaat General Holdings Corporation), Cable Corporation of India Ltd. (Future Deal Properties Pvt. Ltd.), Prysmian Group, Southwire Company, LLC, and Tratos Ltd. (ALMA S.r.l.).
Market Segmentation:
By Installation Type
By End-User
By Country
Companies Profiled
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