Power Transmission and Distribution (T&D) Cable Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025

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Power Transmission and Distribution (T&D) Cable Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025

Status : August, 2021 | Energy & Mining

Report Digest


Global Power Transmission and Distribution (T&D) Cable Market: Snapshot

Power transmission and distribution involves the bulk movement of electricity from a site that generates electrical energy (for instance a power plant) to an electrical substation. Also known as ‘power grids’ in North America, the combined distribution and transmission network consists of local wiring connecting high-voltage substations to customers. As most of the regions now have ‘liberalized’ electricity market regulations, the inevitable separation of the power distribution business from electrical transmission business is likely to promote the growth of the global power transmission and distribution (T&D) cable market.

Several market players are providing a wide range of expertise for projects via their skilled personnel including specialist project managers, engineers, environmental consultants, and designers. The planning of consent support, route and site optioneering, grid connection support, tackling environmental constraints and understanding feasibility, and offering smart grid solutions are some major services offered by these companies. For instance, WSP Global Inc., a leading U.K.-based project management firm aiding the creation of substations and related infrastructure, helps in front-end planning, obtaining permits, suggesting power facility design, and cable selection and design.

A number of other players are focusing on the development of more efficient designs of cable systems. This is expected to have a positive impact on the overall expansion of the global market for power transmission and distribution (T&D) cables market. For instance, in May 2016, Prysmian Group, a key supplier of innovative solutions for power grids, announced that it successfully developed and tested a novel 7000 kV MI-PPL, along with 600 kV extruded cable systems that are specially designed for high voltage direct current applications.

Global Power Transmission and Distribution (T&D) Cable Market: General Outline

The global power transmission and distribution cable market is likely to be benefited by factors such as enhanced distribution infrastructure, expanding power transmission infrastructure, growing initiatives by the governments across the globe in order to upgrade power transmission units, growing demand for power globally, and rising focus on power generation via renewable sources of energy. These factors are also anticipated to attract investments in the near future. The global market for power transmission and distribution cable is likely to grow at significant rate in the near future and is likely to be driven by the growing investment in the power generation, transmission, and distribution infrastructure developments. Power transmission and distribution is done through the underground cables or overhead transmission lines. Power T&D cable is an assemblage of one or more conductors, held collectively with a cable sheath.

This industry research report is a brief review of the growth trail in terms of existing, past, and future scenarios of the global power transmission and distribution cable market. It deals with the evaluation of the aspects that are expected to influence the development of the market and the primary trends have also been specified in the research study. The research study also offers a broad lookout on the vendor landscape of the market through Porter’s five forces analysis. The research report offers references of the research and development activities, mergers and acquisitions, and specifics on licensing and collaborations. The report probes into the strategies related to publicity, shares, and product range of the key participants in the global power transmission and distribution cable market.

Global Power Transmission and Distribution (T&D) Cable Market: Key Trends

The global market for power transmission and distribution cable is anticipated to grow significantly during the forecast period. The primary demand for the power transmission and distribution cable is propelled by the swelling global emphasis on commercialization of power generation through renewable sources of energy. In addition, the incorporation of regional grids to form a national grid driven by the need for a seamless electricity flow across nations is anticipated to augment the demand for power transmission and distribution cables. The high cost of raw material is expected pose a threat to the growth of the global power transmission and distribution cable market. However, the growing demand for high voltage direct current (HVDC) cables and aging T&D infrastructure is anticipated to bolster the growth of the global power T&D cable market.

Global Power Transmission and Distribution (T&D) Cable Market: Regional Analysis

In terms of growth, North America is expected to lead the global market for power transmission and distribution cable. This growth can be attributed to the increasing focus on renewable energy as a source of power generation, especially the U.S. and constant expansion in the use of high voltage direct current (HVDC) technology and superconductors. However, Asia Pacific is expected to be a key area of growth on account of lower manufacturing costs of cables accompanied by strong economic growth.

Global Power Transmission and Distribution (T&D) Cable Market: Vendor Landscape

Some of the key participants in the market are Siemens AG, Southwire Company, RPG Cables Ltd., Hitachi Cable Ltd., Nexans SA,  Havells India Limited, Coleman Cable, Inc., and ABB.

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?