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In 2022, experts predicted that the XLPE cable market would be worth $28.7 billion. By 2030, the XLPE Cable market is expected to be worth USD 51.6 billion, up from an estimated USD 30.0 billion in 2023. This represents a CAGR (compound annual growth rate) of 8.0%. Key market drivers boosting market expansion include rising electricity consumption and investments in renewable energy and power generation.
Both primary and secondary data sets were used in the creation of this market report. Secondary sources include information gathered from government websites, annual reports of corporations, and other pertinent papers, while primary sources include interviews with various industry analysts, suppliers, and distributors. The study's findings have been verified by industry frontrunners around the world. The research emphasises a bottom-up validation of the numbers for each market category derived from a top-down analysis. To aid in identifying lucrative market niches, the study breaks down each market category, including their respective sizes and CAGRs. It provides an overview of the market situation by including things like regional market estimates, important industry changes, revenue projections, etc. Markets have been broken down based on factors such as installation type (overhead, underground, and underwater), voltage (high voltage, medium voltage, and low voltage), and end user (power, oil & gas, chemical, manufacturing, metals & mining, infrastructure & transportation, and others).
Demand for electricity, today's most fundamental necessity, is rising in every region. Technology has a significant impact on people's daily lives, and as a result, both the global population and the amount of electricity used per person are on the rise. Countries' increased electricity generation over the past decade has boosted demand for cross-linked polyethylene cables. XLPE, also known as PEX, XPE, and XLPE, is a cross-linked polyethylene. Its primary applications are as insulation for high tension (high voltage) electrical wires and in hydronic radiant heating and cooling systems, domestic water piping and building services pipework systems. The XLPE market can be broken down into submarkets for HDPE, LDPE, and others according to type. The market for cross-linked polyethylene cables can be broken down into three distinct subsets: those designed for low, medium, and high voltage applications. Utilities, oil & gas, chemicals, manufacturing, metals & mining, infrastructure & communications, etc. are all subsets of the end-use market for XLPE cables. Long-distance high-voltage cables, such as those used in the XLPE cables, can be installed in the ground, in the air, or even underwater.
The XLPE Cable market is expected to expand thanks to the efforts of major players in the industry to increase their product offerings through R&D. New product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration between organisations are only some of the significant market advances that market participants are implementing in order to increase their foothold. The XLPE Cable market is becoming more competitive as time goes on, necessitating more budget-friendly options if the business is to grow and thrive.
One of the primary business strategies employed by manufacturers in the XLPE Cable industry to assist customers and expand the market sector is manufacturing locally to minimise operational expenses. Some of the most notable benefits to the telecommunications sector in recent years have come from the XLPE Cable sector. Some of the biggest names in the XLPE Cable industry are Nexans, J Murphy and Sons Limited, Borealis and Borouge, National Grid, NKT A/S, Prysmian Group, KEI Industries Limited, Eland Cables, Encore Wire Corporation, Finolex Cables Ltd., Laser Power & Infra, Brugg Kabel AG, Sumitomo Electric Industries Ltd., Universal Cables Ltd., and others.
Report Coverage
Global XLPE Cable research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global XLPE Cable report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and XLPE Cable competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key XLPE Cable market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global XLPE Cable market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, XLPE Cable market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Nexans, J Murphy and Sons Limited, Borealis and Borouge, National Grid, NKT A/S, Prysmian Group, KEI Industries Limited, Eland Cables, Encore Wire Corporation, Finolex Cables Ltd., Laser Power & Infra, Brugg Kabel AG, Sumitomo Electric Industries Ltd., Universal Cables Ltd.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global XLPE Cable market based on the below-mentioned segments:
Global XLPE Cable Market, By Voltage
Up to 25kV
26kV-50kV
51kV-75kV
76kV-100kV
Global XLPE Cable market, By Installation
Underground
Submarine
Overhead
Global XLPE Cable Market, By End User
Industrial
Commercial
Utility
Global XLPE Cable market, Regional Analysis
Both primary and secondary data sets were used in the creation of this market report. Secondary sources include information gathered from government websites, annual reports of corporations, and other pertinent papers, while primary sources include interviews with various industry analysts, suppliers, and distributors. The study's findings have been verified by industry frontrunners around the world. The research emphasises a bottom-up validation of the numbers for each market category derived from a top-down analysis. To aid in identifying lucrative market niches, the study breaks down each market category, including their respective sizes and CAGRs. It provides an overview of the market situation by including things like regional market estimates, important industry changes, revenue projections, etc. Markets have been broken down based on factors such as installation type (overhead, underground, and underwater), voltage (high voltage, medium voltage, and low voltage), and end user (power, oil & gas, chemical, manufacturing, metals & mining, infrastructure & transportation, and others).
Demand for electricity, today's most fundamental necessity, is rising in every region. Technology has a significant impact on people's daily lives, and as a result, both the global population and the amount of electricity used per person are on the rise. Countries' increased electricity generation over the past decade has boosted demand for cross-linked polyethylene cables. XLPE, also known as PEX, XPE, and XLPE, is a cross-linked polyethylene. Its primary applications are as insulation for high tension (high voltage) electrical wires and in hydronic radiant heating and cooling systems, domestic water piping and building services pipework systems. The XLPE market can be broken down into submarkets for HDPE, LDPE, and others according to type. The market for cross-linked polyethylene cables can be broken down into three distinct subsets: those designed for low, medium, and high voltage applications. Utilities, oil & gas, chemicals, manufacturing, metals & mining, infrastructure & communications, etc. are all subsets of the end-use market for XLPE cables. Long-distance high-voltage cables, such as those used in the XLPE cables, can be installed in the ground, in the air, or even underwater.
The XLPE Cable market is expected to expand thanks to the efforts of major players in the industry to increase their product offerings through R&D. New product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration between organisations are only some of the significant market advances that market participants are implementing in order to increase their foothold. The XLPE Cable market is becoming more competitive as time goes on, necessitating more budget-friendly options if the business is to grow and thrive.
One of the primary business strategies employed by manufacturers in the XLPE Cable industry to assist customers and expand the market sector is manufacturing locally to minimise operational expenses. Some of the most notable benefits to the telecommunications sector in recent years have come from the XLPE Cable sector. Some of the biggest names in the XLPE Cable industry are Nexans, J Murphy and Sons Limited, Borealis and Borouge, National Grid, NKT A/S, Prysmian Group, KEI Industries Limited, Eland Cables, Encore Wire Corporation, Finolex Cables Ltd., Laser Power & Infra, Brugg Kabel AG, Sumitomo Electric Industries Ltd., Universal Cables Ltd., and others.
Report Coverage
Global XLPE Cable research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global XLPE Cable report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and XLPE Cable competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key XLPE Cable market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Nexans, J Murphy and Sons Limited, Borealis and Borouge, National Grid, NKT A/S, Prysmian Group, KEI Industries Limited, Eland Cables, Encore Wire Corporation, Finolex Cables Ltd., Laser Power & Infra, Brugg Kabel AG, Sumitomo Electric Industries Ltd., Universal Cables Ltd. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of XLPE Cable Market from 2021 to 2030.
- Market Forecast for XLPE Cable Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, XLPE Cable competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on XLPE Cable
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global XLPE Cable market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, XLPE Cable market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Nexans, J Murphy and Sons Limited, Borealis and Borouge, National Grid, NKT A/S, Prysmian Group, KEI Industries Limited, Eland Cables, Encore Wire Corporation, Finolex Cables Ltd., Laser Power & Infra, Brugg Kabel AG, Sumitomo Electric Industries Ltd., Universal Cables Ltd.
Primary Target Market
- Market Players of XLPE Cable
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global XLPE Cable market based on the below-mentioned segments:
Global XLPE Cable Market, By Voltage
Up to 25kV
26kV-50kV
51kV-75kV
76kV-100kV
Global XLPE Cable market, By Installation
Underground
Submarine
Overhead
Global XLPE Cable Market, By End User
Industrial
Commercial
Utility
Global XLPE Cable market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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