WiseGuyReports.Com Publish a New Market Research Report On –“ XLPE Cable Market 2019 : Manufacturers Analysis,Applications,Demand by Regions & Forecasts to 2023”.
XLPE Cable Market 2019
Description: –
XLPE or cross-linked polyethylene cable is a cross-linked polyethylene insulated aluminium conductor armoured cable that has excellent dielectric strength, high insulation resistance, and a low dissipation factor that makes it an ideal insulator. XLPE cables are suitable for low to high voltage ranges, surpassing other insulation materials like PVC, ethylene-propylene rubber (EPR), and silicone rubbers. The other mechanical properties of XLPE cables are numerous. They offer greater tensile strength, elongation, and impact resistance. The XLPE insulation does not melt or drip even at soldering iron temperature and increases the ageing characteristics of the cables.
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Key Players
The key players of global XLPE cable market are Brugg Kabel AG (Switzerland), Sumitomo Electric Industries, Ltd.(Japan), ABB Ltd(Switzerland), The Prysmian Group (Italy), and General Cable Corporation (U.S.). Nexans S.A.( France), Encore Wire Corporation (U.S.), NKT A/S (Denmark), Finolex Cables Ltd (India), Relemac Technologies Pvt. Ltd (India), Laser Power & Infra Pvt. Ltd (India), KEI Industries Limited (India), Universal Cables Ltd.(India), and Eland Cables (U.K.) are among others.
These cables are used in artificial joints, dental applications as composite filling material, power cable insulations for electrical insulations in power cables, and in automotive ducts and housing. The main use of XLPE cables is for high voltages and extra-high voltage applications up to 132 kV and for power transmission and distribution. The wide use of XLPE cables in building layouts like bridges also makes it an important and widespread market. The increasing need for effective technological substitutes for reducing power outages and improving efficiency in electrical systems is resulting in the growth of the XLPE cable market.
The global XLPE cable market report forecasts the market for the year 2017-2023. It analyses and tracks the competitive developments like joint ventures, strategic alliances, mergers and acquisitions by the key companies in the XLPE cable market. The XLPE cable is also the largest segment for underground cable systems due to the increased demand for power generation and distribution. The grid interconnections, increased usage of XLPE cables by government, producers, and manufacturers to increase the efficiency in the power sector is boosting up the demand for XLPE cables. The global XLPE cable market report also points towards the estimated to reach US$12,142.7 million by 2023.
Market Segmentation
On the basis of installation type, the global XLPE cable market can be split into Underground, Submarine Cable, and Overhead cable. As the underground section accounts for the largest market share, it’s market value is US$9,876.87 million in 2016, progressing at a CAGR of 6.74% during the forecast period. On the basis of voltage, the global XLPE cable market can be split into Low, Medium, and High voltage XLPE cables. Here the low voltage category dominated the market in 2016, with a market value of US$4,213.5 million that is projected to rise at the highest CAGR of 6.79%. And based on the market segmentation by end-user, the global XLPE cable market can be categorized into Oil & Gas, Chemical, Manufacturing, Metals & Mining, Power, and Infrastructure & Transportation. Here, the power segment had the largest market share in 2016, with a market value of US$6,401.63 million and is expected to rise at the highest CAGR of 6.76%.
Regional Overview
Countries like Canada, United States, Japan, China, India, Spain, Italy, Germany, UK, Africa and regions like Middle East, South America, and Rest of Asia Pacific are the major countries and regions where there is high demand and supply of XLPE cables as the power grid networks are spreading on a huge basis. The North and South American regions are expected to have the largest market share of 39.87% among the other regions in the global XLPE cable market. As the global demand for technologically advanced power supply methods is rising, the rapid industrialization and urbanization are also driving the XLPE cable market on a global scale.
Industry News
Amid the technological innovations taking place, the Prysmian Group has taken a big step in advancing the cable technology to enable more efficient and reliable power transmission over long distances. The company has introduced two new 525 kV extruded land cable systems one qualified with P-Laser and one with XLPE insulation.
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Table of Contents – Major Key Players
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