Global Underground Cabling EPC Market Size By Configuration (Single Core, Three Core), By Voltage Rating (Low Tension, High Tension, Super Tension, Extra High Tension, Extra Super Voltage, Ultra High Tension), By Construction (Belted, Screened, Pressure), By Insulation (PVC, XLPE, Rubber), By Installation (Direct Buried, Trough, Tunnels, GILs), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, France, Germany, Spain, Italy, UK, Austria, Netherlands, Sweden, Russia, Belgium, Denmark, Switzerland, Saudi Arabia, UAE, Qatar, Egypt, Turkey, Oman, Kuwait, Bahrain, South Africa, Nigeria, Morocco, Algeria, Ghana, Cambodia, Indonesia, Vietnam, Thailand, Malaysia, Singapore, Philippines, Kazakhstan, Brazil, Argentina, Peru, Chile, India, Sri Lanka, Bangladesh, Bhutan, China, Japan, South Korea) Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2018 - 2024
In the current industrial scenario, advancing lifestyles coupled with aesthetic proximities across residential areas and increasing demand for reliable and safe cable & wire management systems across utility establishments will favor the global underground cabling EPC market. Moreover, associated regulatory updates and reforms positively influenced by customized product configurations have integrated a favorable business potential. In addition, regional alignment toward the incorporation of renewable electricity networks and electrification across grid isolated areas infuse a commendable industry outlook.
Three core cables have witnessed a significant upsurge in demand on account of large-scale retrofitting and refurbishment for industrial electric infrastructure across emerging regions. Although, development of three core cable constructions for electric infrastructure over 66kV become quite bulky, and the required insulation results in higher costs. However, effective power supply and operational safety through lessening overall losses are primary factors driving the overall underground cabling EPC market.
Belted units across the underground cabling EPC market have gained significant impetus owing to its superior flexibility, high insulation and unique design configurations. Increasing need for secure and safe electricity supply in line with minimal environmental damage have obligated the industry manufacturers and particpants to shift their focus towards the enhancement of these units which in turn will stimulate the product adoption.
Rising focus on the integration of highly insulated cable infrastructure favored by growing measures toward energy-efficient environment will augment the underground cabling EPC market. Increasing demand for EHV cables coupled with rising investments by government and private entities will further escalate the industry growth.
Low installation cost, compact size and operational proximity across oil & gas, electric power, health care industries are the primary elements augmenting the of 33 kV underground cabling EPC market. Furthermore, developed nations have constantly been focusing on the installation of underground cables to endure the distribution losses accrued by the overhead cables.
Direct buried underground cables owing to their configurations to withstand extreme operational environments have gained substantial thrust globally. Diversified product specifications including shock absorbing gel coating, thread-fortified waterproof tape wrapping, and sheathing of heavy metallic-bands have positively influenced the global underground cabling EPC market.
Europe underground cabling EPC market is projected to reach over USD 7,000 million by 2024. Rapid commercialization and rising investment across the utility base developments and industrial electrification networks have integrated a favorable business potential. Shifting focus toward the modification of overhead cables to aerial bunched electrical lines and underground infrastructure will further boost the product demand across the region.
Eminent underground cabling EPC market participants comprise of MasTec, KEC, ZTT, Prysmian, KEI, Nexans, Kalpataru, Skipper, Arteche, Polycab, Sumitomo, Anixter, APAR, and Gupta Power.
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