DUBLIN--(BUSINESS WIRE)--The "High Temperature Cables Market by End-users and Geography - Global Forecast and Analysis 2019-2023" report has been added to ResearchAndMarkets.com's offering.
Global High Temperature Cables Market: About this market
Global high temperatures cables market report looks at factors such as improvements in railway infrastructure, growing demand for high temperature cables from the aviation industry, and rising global energy demand. However, increase in raw material prices, slowdown in Chinese economy, and restrictions on using blast furnaces may hamper the growth of the high temperatures cables industry over the forecast period.
The high temperatures cables market analysis considers sales from energy, transport, industrial, and others. In 2018, the energy segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as growing power generation capacity and T&D networks because of the increasing global energy demand will play a significant role in the energy segment to maintain its market position.
Global High Temperature Cables Market: Overview
Rising global energy demand
There is a rapid growth is global energy demand due to the robust economic growth. The global electricity demand is expected to grow two-fold when compared with global energy demand. Additionally, the demand for energy services, such as air conditioning, is expected to rise, particularly in households, in tandem with the growing income levels. The adoption of electric motor systems in industries is boosting the growth in energy demand from the industrial sector.
Hence, with the increase in energy demand, the number of power plants and transmission lines have increased significantly and will continue to rise. The power plants, including both fossil fuel-based and renewable-based, require high temperature cables for applications, such as feeding the electricity generated to the grid. This will lead to the expansion of the global high temperatures' cables market at a CAGR of over 5% during the forecast period.
Rise in HVDC installations
The major application of HVDC includes connecting remote generation, interconnecting grids, offshore wind connections, city center infeed, connecting remote loads and overhead transmission lines. HVDC uses high temperature cables that are made up of both standard sheets of steel or aluminum conductors and high temperature superconductor materials. Due to the high level of temperature resistance, these cables offer high current carrying capacity. Owing to their superior performance, HVDC's adoption is increasing. This development is expected to have a positive impact on the overall market growth.
With the presence of several major players, the global high temperatures cables market is moderately fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading high temperatures cables manufacturers.
These vendors include Anixter International Inc., Belden Inc., HELUKABEL GmbH, Jiangsu Tongguang Electronic Wire & Cable Corp. Ltd., Lapp Holding AG, Leoni AG, Nexans SA, Prysmian Spa, Sumitomo Electric Industries Ltd., Zhuhai Hansen Technology Co. Ltd.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY END-USER
- Market segmentation by end-user
- Comparison by end-user
- Energy - Market size and forecast 2018-2023
- Transport - Market size and forecast 2018-2023
- Industrial - Market size and forecast 2018-2023
- Others - Market size and forecast 2018-2023
- Market opportunity by end-user
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- Key leading countries
- Market opportunity
PART 09: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 10: MARKET TRENDS
- Growing wind power generation capacity
- Rise in HVDC installations
- Increase in investments in the oil and gas industry
PART 11: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 12: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Anixter International Inc.
- Belden Inc.
- HELUKABEL GmbH
- Jiangsu Tongguang Electronic Wire & Cable Corp. Ltd.
- Lapp Holding AG
- Leoni AG
- Nexans SA
- Prysmian Spa
- Sumitomo Electric Industries Ltd.
Zhuhai Hansen Technology Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/mry5lp