Market Highlights:

Increasing need of effective technology to reduce power outages and efficiency in electricity transmission & distribution is resulting in the growth of the XLPE cables market. Grid Interconnection, offshore wind farm connections, increase usage of XLPE cables by governments, producer and manufacturers in order to increase efficiency is boosting the demand in the XLPE cable market. XPLE Cables Market is expected to register a high growth of around 11% CAGR in the next six years

Asia-Pacific market contributes a major share to the XLPE cables market, and is expected to remain a major contributor during the forecast period. North American and European region are projected to grow at a steady rate, primarily driven by grid infrastructure upgradation activities.

Key Players:

The leading players in the XLPE cable markets are

• Brugg Kabel AG (Switzerland),
• ABB Ltd. (Switzerland),
• Prysmian Group (Italy),
• General Cable Corporation (U.S.),
• Nexans (France),
• Encore Wire Corporation (U.S.),
• NKT Cables (Germany),
• Finolex Cables Ltd. (India).

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Global XLPE Cables Market – Trends & Developments:

Global XLPE Cables Market is driven by expanding transmission & distribution sector in the Asia-Pacific region. Increasing need of effective technology to reduce power outages and efficiency in electricity transmission & distribution is resulting in the growth of the XLPE cable market. Offshore wind farm connections, grid interconnections, increased usage of XLPE cables by governments, producer and manufacturers in order to increase efficiency is boosting the demand in the XLPE cable market.

Innovations in the design of XLPE cable’s insulating and jacketing materials have positively impacted XLPE cables market. A number of players have initiated to introduce improvements. Prysmian, one of the key players of XLPE Cable market, introduced P-laser, which has high-performance insulating system technology (HPTE) replacing the frequently used medium voltage cross-linked polyethylene insulated XLPE cables. Such technological innovative advancements enhance the charm of the market and drive further innovations and the growth of the market.

Until last decade The PVC segment was dominating the Cable Market among the other insulating and jacketing materials used across the wire and cables industry.  However, due to the regulatory concerns owing to its harsh impact on the environment, PVC is being replaced by XLPE (cross-linked polyethylene) at a rapid pace. 

Scope of the report

This study provides an overview of the global XLPE cables market, tracking market segments across the six regions. The report provides a six-year forecast for the market size in terms of value for North America, Europe, Asia-Pacific, Middle East, Africa, and South America. The scope of the study segments the global XLPE cables market based on voltage, installation, and users. Voltage segmentation includes categorization of the market into low voltage cables, medium voltage cables, and high voltage cables. Segmentation on the basis of installation includes categories overhead, underground, and submarine cables. The market has also been segmented based on the types of users into power, oil & gas, chemical, manufacturing, metals & mining, infrastructure & transportation, and others.

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