High Voltage Power Cables: Power Cables are a muster of one or more electrical conductors held together to transmit electrical power. They are either insulated with different types of insulation material or are barely used, such as wires held across high towers. Cables may be installed with towers, buried underground/submarine, or run overhead. In this report, the high voltage range has been considered to be from 72.5 kV and above. Cable Joints: Cable joints are accessories that are used to connect cables to each other. Cables Terminations: Cable terminations are accessories used to connect cables to different equipment. Insulated Cables: The construction of high voltage cables includes conductors, insulation, and a protective jacket. The type of cable used for different cable systems depends upon the flexibility and the operating temperature it can tolerate. This varies for different voltage levels to be transported from one end to the other. The insulation of the conductors used for power transmission can be of various types. Most commonly used insulation cables are insulated with a sheath of Mass-Impregnated (MI) paper insulation or Cross-Linked Polyethylene (XLPE).

The high voltage cables and accessories market is valued at USD 30.53 Billion in 2017. This growth is attributed to the growing offshore windfarms, high voltage direct current links, and grid interconnections. Increasing need for grid interconnections is resulting in rising investments in the new submarine and underground cables and accessories market. The upcoming projects for the overhead transmission lines would also boost the demand for high voltage cables and accessories systems. The high voltage cables and accessories market is segmented by installation into products specific for overhead, underground, and submarine cable systems. In the underground and submarine products, cable joints and terminations are the two major accessories needed to connect cable splices to another cable or terminal equipment. On the other hand, overhead high voltage cables use long conducting wires for power transmission, which are held tightly over high towers with the help of fittings and fixtures. Mass Impregnated (MI) cable is a cable that is extensively used in submarine for high voltage applications. The current carrying capacity of MI cables differentiate it from XLPE (cross-linked polyethylene) cables or other types of cables. MI cables are environment-friendly and contain no free oil. Thus, the electric field around the cable is zero even under the most stringent operational conditions because of the metallic sheath. The market of MI cables is projected to grow at the highest CAGR among all product segments under the underground high voltage cables and accessories market during the forecast period. The overhead segment accounted for the largest market size in 2016 due to the increasing demand for electricity and low initial cost for installations. The conductor product segment under the overhead high voltage cables and accessories market is expected to grow at the highest CAGR from 2017 to 2022, owing to increasing smart grid investments and improvement in transmission and distribution networks globally. In this report, the high voltage cables and accessories market has been analyzed with respect to five regions, namely, North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Asia Pacific is projected to dominate the global high voltage cables and accessories market from 2017 to 2022, owing to smart grid investments, increase in power generation capacity, and investments in T&D infrastructure in the region. The manufacturers and service providers in Asia Pacific are focusing and creating huge prospects in this service industry. Governments, private producers and service providers, and cables and accessories manufacturers are continuously trying to integrate their existing technologies and develop new ones extensively to increase the capacity of high voltage transmission and reduce the impact of high voltage transmission near residential areas. Regulatory, environmental, and complex authorization procedures leading to delays, and volatile prices of raw materials are key restraints for the growth of the high voltage cables and accessories market. Some of the leading players in the high voltage cables and accessories market include Prysmian S.p.A (Italy), Sumitomo Electric Industries, Ltd. (Japan), Nexans S.A. (France), NKT Cables Group A/S (Denmark), and General Cable Corporation (US). The leading players are trying to establish themselves in the markets in developing economies and are adopting various strategies to increase their market shares. The major strategies adopted by the players in the high voltage cables and accessories market include new product developments, contracts & agreements, expansions, and mergers & acquisitions. Contracts & agreements was the key growth strategy employed by companies. This strategy has been a major revenue generation tool for high voltage cable companies, ensuring increasing business profits between January 2013 and September 2017. Industry players also adopted mergers & acquisitions and expansions as their key strategies to maintain their position in the market and to increase their market share.

High Voltage Cables & Accessories Market vendors are placed into 4 categories based on their performance and reviews in each criterion: “visionary leaders,” “innovators,” “dynamic differentiators,” and “emerging companies".

Visionary leaders are the leading market players in terms of new developments such as product launches, innovative technologies, and the adoption of growth strategies. These players have a broad product offering that caters to most of the regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and their well-established brand equity.

Dynamic Differentiators are established players with very strong business strategies. However, they have a weaker product portfolio compared to the visionary leaders. They generally focus only on a specific type of technology related to the product.

Innovators in the competitive leadership mapping are vendors that have demonstrated substantial product innovations as compared to their competitors. The companies have focused on product portfolios. However, they do not have very strong growth strategies for their overall business, when compared with the visionary leaders.

Emerging companies have niche product and service offerings. Their business strategies are not as strong as that of the established vendors. The emerging vendors include the new entrants in the market, emerging in terms of product portfolio and geographic reach, and require time to gain significant traction in the market.