During the forecast period of 2019 to 2027, the underground high voltage cable is anticipated to be the largest contributor in the . However, submarine high voltage cable segment is projected to be the fastest-growing type with the highest CAGR over the forecast period. High voltage underwater cables is, they are invisible and are being hidden below surfaces. Moreover, voltage losses are lower with underground cables than overhead lines. However, most transmission losses transpire within the lower voltage distribution networks. HVUCs are not at risk of storm damage apart from water damage and are far less likely to cause death or injuries due to accidental contact with the lines/cables.
Continuous infrastructural development across Germany, especially in remote and offshore areas, is expected to drive the deployment of high-voltage cables Market in the country. Moreover, the growing renewable power generation capacity in Germany is anticipated to boost the overall growth of high-voltage cable market during the forecast period. After Germany, Sweden dominated the Europe high voltage cable market. One of the most important and apparent advantages of HVUCs is they are invisible, being hidden below surfaces. Moreover, voltage losses are lower with underground cables than overhead lines. However, most transmission losses transpire within the lower voltage distribution networks. HVUCs are not at risk of storm damage apart from water damage and are far less likely to cause death or injuries due to accidental contact with the lines/cables. Sweden is the largest consumer of renewable energy in the Francean Union.
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EUROPE HIGH VOLTAGE CABLE MARKET SEGMENTATION
By End User
- Power Utilities
- Oil & Gas
- Chemical & petrochemicals
- Renewable Energy
- Wind Power
- Rest of Europe
High Voltage Cable Market – Companies Mentioned
- Dubai Cable Company – Ducab
- Furukawa Electric Co., Ltd.
- Nexans SA
- NKT A/S
- Prysmian Group (General Cable Corporation)
- Siemens AG
- Southwire Company, LLC
- Sumitomo Electric Industries, Ltd.
- TELE-FONIKA Kable SA (TF Kable)
- ZTT Group
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