Global Cross-Linked Polyethylene Medium Voltage Power Cable Industry Growth and Trends Forecast to 2031

Summary

According to APO Research, The global Cross-Linked Polyethylene Medium Voltage Power Cable market was estimated at US$ million in 2025 and is projected to reach a revised size of US$ million by 2031, witnessing a CAGR of xx% during the forecast period 2026-2031.

North American market for Cross-Linked Polyethylene Medium Voltage Power Cable is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2026 through 2031.

Asia-Pacific market for Cross-Linked Polyethylene Medium Voltage Power Cable is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2026 through 2031.

Europe market for Cross-Linked Polyethylene Medium Voltage Power Cable is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2026 through 2031.

The major global manufacturers of Cross-Linked Polyethylene Medium Voltage Power Cable include Axon Cable, Caledonian, HELUKABEL, Jiangsu Shangshang Cable, Lapp Group, Zhongtong Cable, Tongguang Electronic, Zhongli Group and Henan Tong-Da Cable, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Cross-Linked Polyethylene Medium Voltage Power Cable, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cross-Linked Polyethylene Medium Voltage Power Cable.

The Cross-Linked Polyethylene Medium Voltage Power Cable market size, estimations, and forecasts are provided in terms of sales volume (Tons) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Cross-Linked Polyethylene Medium Voltage Power Cable market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2020-2025. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses.

Cross-Linked Polyethylene Medium Voltage Power Cable Segment by Company

Axon Cable
Caledonian
HELUKABEL
Jiangsu Shangshang Cable
Lapp Group
Zhongtong Cable
Tongguang Electronic
Zhongli Group
Henan Tong-Da Cable
Guilin International Electric Wire & Cable
Anhui Hualing Cable Group
Thermal Wire&Cable

Cross-Linked Polyethylene Medium Voltage Power Cable Segment by Type

Aluminum Core Cable
Copper Core Cable

Cross-Linked Polyethylene Medium Voltage Power Cable Segment by Application

Oil and Gas
Transportation
Infrastructure
Wind Power Generation
Mining
Other

Cross-Linked Polyethylene Medium Voltage Power Cable Segment by Region

North America

United States
Canada
Mexico
Europe

Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific

China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South Africa

Brazil
Argentina
Chile
Middle East & Africa

Egypt
South Africa
Israel
Türkiye
GCC Countries

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Cross-Linked Polyethylene Medium Voltage Power Cable market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Cross-Linked Polyethylene Medium Voltage Power Cable and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Cross-Linked Polyethylene Medium Voltage Power Cable.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Cross-Linked Polyethylene Medium Voltage Power Cable manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Cross-Linked Polyethylene Medium Voltage Power Cable in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.

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1 Market Overview
1.1 Product Definition
1.2 Global Market Growth Prospects
1.2.1 Global Cross-Linked Polyethylene Medium Voltage Power Cable Market Size Estimates and Forecasts (2020-2031)
1.2.2 Global Cross-Linked Polyethylene Medium Voltage Power Cable Sales Estimates and Forecasts (2020-2031)
1.3 Cross-Linked Polyethylene Medium Voltage Power Cable Market by Type
1.3.1 Aluminum Core Cable
1.3.2 Copper Core Cable
1.4 Global Cross-Linked Polyethylene Medium Voltage Power Cable Market Size by Type
1.4.1 Global Cross-Linked Polyethylene Medium Voltage Power Cable Market Size Overview by Type (2020-2031)
1.4.2 Global Cross-Linked Polyethylene Medium Voltage Power Cable Historic Market Size Review by Type (2020-2025)
1.4.3 Global Cross-Linked Polyethylene Medium Voltage Power Cable Forecasted Market Size by Type (2026-2031)
1.5 Key Regions Market Size by Type
1.5.1 North America Cross-Linked Polyethylene Medium Voltage Power Cable Sales Breakdown by Type (2020-2025)
1.5.2 Europe Cross-Linked Polyethylene Medium Voltage Power Cable Sales Breakdown by Type (2020-2025)
1.5.3 Asia-Pacific Cross-Linked Polyethylene Medium Voltage Power Cable Sales Breakdown by Type (2020-2025)
1.5.4 South America Cross-Linked Polyethylene Medium Voltage Power Cable Sales Breakdown by Type (2020-2025)
1.5.5 Middle East and Africa Cross-Linked Polyethylene Medium Voltage Power Cable Sales Breakdown by Type (2020-2025)
2 Global Market Dynamics
2.1 Cross-Linked Polyethylene Medium Voltage Power Cable Industry Trends
2.2 Cross-Linked Polyethylene Medium Voltage Power Cable Industry Drivers
2.3 Cross-Linked Polyethylene Medium Voltage Power Cable Industry Opportunities and Challenges
2.4 Cross-Linked Polyethylene Medium Voltage Power Cable Industry Restraints
3 Market Competitive Landscape by Company
3.1 Global Top Players by Cross-Linked Polyethylene Medium Voltage Power Cable Revenue (2020-2025)
3.2 Global Top Players by Cross-Linked Polyethylene Medium Voltage Power Cable Sales (2020-2025)
3.3 Global Top Players by Cross-Linked Polyethylene Medium Voltage Power Cable Price (2020-2025)
3.4 Global Cross-Linked Polyethylene Medium Voltage Power Cable Industry Company Ranking, 2023 VS 2024 VS 2025
3.5 Global Cross-Linked Polyethylene Medium Voltage Power Cable Major Company Production Sites & Headquarters
3.6 Global Cross-Linked Polyethylene Medium Voltage Power Cable Company, Product Type & Application
3.7 Global Cross-Linked Polyethylene Medium Voltage Power Cable Company Establishment Date
3.8 Market Competitive Analysis
3.8.1 Global Cross-Linked Polyethylene Medium Voltage Power Cable Market CR5 and HHI
3.8.2 Global Top 5 and 10 Cross-Linked Polyethylene Medium Voltage Power Cable Players Market Share by Revenue in 2024
3.8.3 2023 Cross-Linked Polyethylene Medium Voltage Power Cable Tier 1, Tier 2, and Tier 3
4 Cross-Linked Polyethylene Medium Voltage Power Cable Regional Status and Outlook
4.1 Global Cross-Linked Polyethylene Medium Voltage Power Cable Market Size and CAGR by Region: 2020 VS 2024 VS 2031
4.2 Global Cross-Linked Polyethylene Medium Voltage Power Cable Historic Market Size by Region
4.2.1 Global Cross-Linked Polyethylene Medium Voltage Power Cable Sales in Volume by Region (2020-2025)
4.2.2 Global Cross-Linked Polyethylene Medium Voltage Power Cable Sales in Value by Region (2020-2025)
4.2.3 Global Cross-Linked Polyethylene Medium Voltage Power Cable Sales (Volume & Value), Price and Gross Margin (2020-2025)
4.3 Global Cross-Linked Polyethylene Medium Voltage Power Cable Forecasted Market Size by Region
4.3.1 Global Cross-Linked Polyethylene Medium Voltage Power Cable Sales in Volume by Region (2026-2031)
4.3.2 Global Cross-Linked Polyethylene Medium Voltage Power Cable Sales in Value by Region (2026-2031)
4.3.3 Global Cross-Linked Polyethylene Medium Voltage Power Cable Sales (Volume & Value), Price and Gross Margin (2026-2031)
5 Cross-Linked Polyethylene Medium Voltage Power Cable by Application
5.1 Cross-Linked Polyethylene Medium Voltage Power Cable Market by Application
5.1.1 Oil and Gas
5.1.2 Transportation
5.1.3 Infrastructure
5.1.4 Wind Power Generation
5.1.5 Mining
5.1.6 Other
5.2 Global Cross-Linked Polyethylene Medium Voltage Power Cable Market Size by Application
5.2.1 Global Cross-Linked Polyethylene Medium Voltage Power Cable Market Size Overview by Application (2020-2031)
5.2.2 Global Cross-Linked Polyethylene Medium Voltage Power Cable Historic Market Size Review by Application (2020-2025)
5.2.3 Global Cross-Linked Polyethylene Medium Voltage Power Cable Forecasted Market Size by Application (2026-2031)
5.3 Key Regions Market Size by Application
5.3.1 North America Cross-Linked Polyethylene Medium Voltage Power Cable Sales Breakdown by Application (2020-2025)
5.3.2 Europe Cross-Linked Polyethylene Medium Voltage Power Cable Sales Breakdown by Application (2020-2025)
5.3.3 Asia-Pacific Cross-Linked Polyethylene Medium Voltage Power Cable Sales Breakdown by Application (2020-2025)
5.3.4 South America Cross-Linked Polyethylene Medium Voltage Power Cable Sales Breakdown by Application (2020-2025)
5.3.5 Middle East and Africa Cross-Linked Polyethylene Medium Voltage Power Cable Sales Breakdown by Application (2020-2025)
6 Company Profiles
6.1 Axon Cable
6.1.1 Axon Cable Comapny Information
6.1.2 Axon Cable Business Overview
6.1.3 Axon Cable Cross-Linked Polyethylene Medium Voltage Power Cable Sales, Revenue and Gross Margin (2020-2025)
6.1.4 Axon Cable Cross-Linked Polyethylene Medium Voltage Power Cable Product Portfolio
6.1.5 Axon Cable Recent Developments
6.2 Caledonian
6.2.1 Caledonian Comapny Information
6.2.2 Caledonian Business Overview
6.2.3 Caledonian Cross-Linked Polyethylene Medium Voltage Power Cable Sales, Revenue and Gross Margin (2020-2025)
6.2.4 Caledonian Cross-Linked Polyethylene Medium Voltage Power Cable Product Portfolio
6.2.5 Caledonian Recent Developments
6.3 HELUKABEL
6.3.1 HELUKABEL Comapny Information
6.3.2 HELUKABEL Business Overview
6.3.3 HELUKABEL Cross-Linked Polyethylene Medium Voltage Power Cable Sales, Revenue and Gross Margin (2020-2025)
6.3.4 HELUKABEL Cross-Linked Polyethylene Medium Voltage Power Cable Product Portfolio
6.3.5 HELUKABEL Recent Developments
6.4 Jiangsu Shangshang Cable
6.4.1 Jiangsu Shangshang Cable Comapny Information
6.4.2 Jiangsu Shangshang Cable Business Overview
6.4.3 Jiangsu Shangshang Cable Cross-Linked Polyethylene Medium Voltage Power Cable Sales, Revenue and Gross Margin (2020-2025)
6.4.4 Jiangsu Shangshang Cable Cross-Linked Polyethylene Medium Voltage Power Cable Product Portfolio
6.4.5 Jiangsu Shangshang Cable Recent Developments
6.5 Lapp Group
6.5.1 Lapp Group Comapny Information
6.5.2 Lapp Group Business Overview
6.5.3 Lapp Group Cross-Linked Polyethylene Medium Voltage Power Cable Sales, Revenue and Gross Margin (2020-2025)
6.5.4 Lapp Group Cross-Linked Polyethylene Medium Voltage Power Cable Product Portfolio
6.5.5 Lapp Group Recent Developments
6.6 Zhongtong Cable
6.6.1 Zhongtong Cable Comapny Information
6.6.2 Zhongtong Cable Business Overview
6.6.3 Zhongtong Cable Cross-Linked Polyethylene Medium Voltage Power Cable Sales, Revenue and Gross Margin (2020-2025)
6.6.4 Zhongtong Cable Cross-Linked Polyethylene Medium Voltage Power Cable Product Portfolio
6.6.5 Zhongtong Cable Recent Developments
6.7 Tongguang Electronic
6.7.1 Tongguang Electronic Comapny Information
6.7.2 Tongguang Electronic Business Overview
6.7.3 Tongguang Electronic Cross-Linked Polyethylene Medium Voltage Power Cable Sales, Revenue and Gross Margin (2020-2025)
6.7.4 Tongguang Electronic Cross-Linked Polyethylene Medium Voltage Power Cable Product Portfolio
6.7.5 Tongguang Electronic Recent Developments
6.8 Zhongli Group
6.8.1 Zhongli Group Comapny Information
6.8.2 Zhongli Group Business Overview
6.8.3 Zhongli Group Cross-Linked Polyethylene Medium Voltage Power Cable Sales, Revenue and Gross Margin (2020-2025)
6.8.4 Zhongli Group Cross-Linked Polyethylene Medium Voltage Power Cable Product Portfolio
6.8.5 Zhongli Group Recent Developments
6.9 Henan Tong-Da Cable
6.9.1 Henan Tong-Da Cable Comapny Information
6.9.2 Henan Tong-Da Cable Business Overview
6.9.3 Henan Tong-Da Cable Cross-Linked Polyethylene Medium Voltage Power Cable Sales, Revenue and Gross Margin (2020-2025)
6.9.4 Henan Tong-Da Cable Cross-Linked Polyethylene Medium Voltage Power Cable Product Portfolio
6.9.5 Henan Tong-Da Cable Recent Developments
6.10 Guilin International Electric Wire & Cable
6.10.1 Guilin International Electric Wire & Cable Comapny Information
6.10.2 Guilin International Electric Wire & Cable Business Overview
6.10.3 Guilin International Electric Wire & Cable Cross-Linked Polyethylene Medium Voltage Power Cable Sales, Revenue and Gross Margin (2020-2025)
6.10.4 Guilin International Electric Wire & Cable Cross-Linked Polyethylene Medium Voltage Power Cable Product Portfolio
6.10.5 Guilin International Electric Wire & Cable Recent Developments
6.11 Anhui Hualing Cable Group
6.11.1 Anhui Hualing Cable Group Comapny Information
6.11.2 Anhui Hualing Cable Group Business Overview
6.11.3 Anhui Hualing Cable Group Cross-Linked Polyethylene Medium Voltage Power Cable Sales, Revenue and Gross Margin (2020-2025)
6.11.4 Anhui Hualing Cable Group Cross-Linked Polyethylene Medium Voltage Power Cable Product Portfolio
6.11.5 Anhui Hualing Cable Group Recent Developments
6.12 Thermal Wire&Cable
6.12.1 Thermal Wire&Cable Comapny Information
6.12.2 Thermal Wire&Cable Business Overview
6.12.3 Thermal Wire&Cable Cross-Linked Polyethylene Medium Voltage Power Cable Sales, Revenue and Gross Margin (2020-2025)
6.12.4 Thermal Wire&Cable Cross-Linked Polyethylene Medium Voltage Power Cable Product Portfolio
6.12.5 Thermal Wire&Cable Recent Developments
7 North America by Country
7.1 North America Cross-Linked Polyethylene Medium Voltage Power Cable Sales by Country
7.1.1 North America Cross-Linked Polyethylene Medium Voltage Power Cable Sales Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
7.1.2 North America Cross-Linked Polyethylene Medium Voltage Power Cable Sales by Country (2020-2025)
7.1.3 North America Cross-Linked Polyethylene Medium Voltage Power Cable Sales Forecast by Country (2026-2031)
7.2 North America Cross-Linked Polyethylene Medium Voltage Power Cable Market Size by Country
7.2.1 North America Cross-Linked Polyethylene Medium Voltage Power Cable Market Size Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
7.2.2 North America Cross-Linked Polyethylene Medium Voltage Power Cable Market Size by Country (2020-2025)
7.2.3 North America Cross-Linked Polyethylene Medium Voltage Power Cable Market Size Forecast by Country (2026-2031)
8 Europe by Country
8.1 Europe Cross-Linked Polyethylene Medium Voltage Power Cable Sales by Country
8.1.1 Europe Cross-Linked Polyethylene Medium Voltage Power Cable Sales Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
8.1.2 Europe Cross-Linked Polyethylene Medium Voltage Power Cable Sales by Country (2020-2025)
8.1.3 Europe Cross-Linked Polyethylene Medium Voltage Power Cable Sales Forecast by Country (2026-2031)
8.2 Europe Cross-Linked Polyethylene Medium Voltage Power Cable Market Size by Country
8.2.1 Europe Cross-Linked Polyethylene Medium Voltage Power Cable Market Size Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
8.2.2 Europe Cross-Linked Polyethylene Medium Voltage Power Cable Market Size by Country (2020-2025)
8.2.3 Europe Cross-Linked Polyethylene Medium Voltage Power Cable Market Size Forecast by Country (2026-2031)
9 Asia-Pacific by Country
9.1 Asia-Pacific Cross-Linked Polyethylene Medium Voltage Power Cable Sales by Country
9.1.1 Asia-Pacific Cross-Linked Polyethylene Medium Voltage Power Cable Sales Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
9.1.2 Asia-Pacific Cross-Linked Polyethylene Medium Voltage Power Cable Sales by Country (2020-2025)
9.1.3 Asia-Pacific Cross-Linked Polyethylene Medium Voltage Power Cable Sales Forecast by Country (2026-2031)
9.2 Asia-Pacific Cross-Linked Polyethylene Medium Voltage Power Cable Market Size by Country
9.2.1 Asia-Pacific Cross-Linked Polyethylene Medium Voltage Power Cable Market Size Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
9.2.2 Asia-Pacific Cross-Linked Polyethylene Medium Voltage Power Cable Market Size by Country (2020-2025)
9.2.3 Asia-Pacific Cross-Linked Polyethylene Medium Voltage Power Cable Market Size Forecast by Country (2026-2031)
10 South America by Country
10.1 South America Cross-Linked Polyethylene Medium Voltage Power Cable Sales by Country
10.1.1 South America Cross-Linked Polyethylene Medium Voltage Power Cable Sales Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
10.1.2 South America Cross-Linked Polyethylene Medium Voltage Power Cable Sales by Country (2020-2025)
10.1.3 South America Cross-Linked Polyethylene Medium Voltage Power Cable Sales Forecast by Country (2026-2031)
10.2 South America Cross-Linked Polyethylene Medium Voltage Power Cable Market Size by Country
10.2.1 South America Cross-Linked Polyethylene Medium Voltage Power Cable Market Size Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
10.2.2 South America Cross-Linked Polyethylene Medium Voltage Power Cable Market Size by Country (2020-2025)
10.2.3 South America Cross-Linked Polyethylene Medium Voltage Power Cable Market Size Forecast by Country (2026-2031)
11 Middle East and Africa by Country
11.1 Middle East and Africa Cross-Linked Polyethylene Medium Voltage Power Cable Sales by Country
11.1.1 Middle East and Africa Cross-Linked Polyethylene Medium Voltage Power Cable Sales Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
11.1.2 Middle East and Africa Cross-Linked Polyethylene Medium Voltage Power Cable Sales by Country (2020-2025)
11.1.3 Middle East and Africa Cross-Linked Polyethylene Medium Voltage Power Cable Sales Forecast by Country (2026-2031)
11.2 Middle East and Africa Cross-Linked Polyethylene Medium Voltage Power Cable Market Size by Country
11.2.1 Middle East and Africa Cross-Linked Polyethylene Medium Voltage Power Cable Market Size Growth Rate (CAGR) by Country: 2020 VS 2024 VS 2031
11.2.2 Middle East and Africa Cross-Linked Polyethylene Medium Voltage Power Cable Market Size by Country (2020-2025)
11.2.3 Middle East and Africa Cross-Linked Polyethylene Medium Voltage Power Cable Market Size Forecast by Country (2026-2031)
12 Value Chain and Sales Channels Analysis
12.1 Cross-Linked Polyethylene Medium Voltage Power Cable Value Chain Analysis
12.1.1 Cross-Linked Polyethylene Medium Voltage Power Cable Key Raw Materials
12.1.2 Key Raw Materials Price
12.1.3 Raw Materials Key Suppliers
12.1.4 Manufacturing Cost Structure
12.1.5 Cross-Linked Polyethylene Medium Voltage Power Cable Production Mode & Process
12.2 Cross-Linked Polyethylene Medium Voltage Power Cable Sales Channels Analysis
12.2.1 Direct Comparison with Distribution Share
12.2.2 Cross-Linked Polyethylene Medium Voltage Power Cable Distributors
12.2.3 Cross-Linked Polyethylene Medium Voltage Power Cable Customers
13 Concluding Insights
14 Appendix
14.1 Reasons for Doing This Study
14.2 Research Methodology
14.3 Research Process
14.4 Authors List of This Report
14.5 Data Source
14.5.1 Secondary Sources
14.5.2 Primary Sources
14.6 Disclaimer

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