The global Medium-Voltage Cables Market size is projected to reach a CAGR of 5.6% from 2023-2030.
Medium Voltage cable, or MV cable, is a category defined by the International Electrotechnical Commission (IEC) as having a voltage rating of above 1kV up to 100kV. Medium Voltage Cable is a power cable most often used in commercial, industrial, and electrical utility industries. The standard voltage rating for MV (medium voltage) cable falls between 5 kV and 35 kV; however, this range can vary for different manufacturers and standards.
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Medium Voltage cables are mostly used for power supply in inclement weather, primary power supply from mobile substations in a natural disaster or unpredictable power outages, power supply for the construction of substations, power distribution to isolated areas & applications ranging from 5kv up to 35kv that are used in substations, transformers, and medium voltage generator sets.
Recent Developments
In October 2021, Ravin Group was awarded a contract to provide specialized fire survival cables for the Indian Railways’ Udhampur-Srinagar-Baramulla Rail Link. Under the agreement, the Ravin Group will provide 33 kV and 11 kV medium voltage specialized fire survival cables. Low voltage cables and control cables to the longest tunnel (T13), approximately 9.3 km, are located in the Katra-Dharam section.
In November 2021, Taihan Cable & Solution, a maker of electric wires and steel products for electricity and communication, clinched a USD 60 billion deal to supply medium voltage cables in California. The contract calls for the provision of the wires over the next three years until October 2024.
Prominent Players
- Brugg Cables
- Eland Cables Ltd.
- Hellenic Cable Industry S.A.
- Leoni
- Nexans
- NKT Cables
- Prysmian SpA
- Southwire
- Sumitomo Electric Industries
- TPC Wire & Cable Corporation
- Siemens AG
- Riyadh Cables Group
- The Okonite Company
- General Cables Corporation
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Asia Pacific to Dominate the Market
Asia-Pacific has emerged as one of the major medium-voltage cable markets in recent years. The rise in energy demand associated with urbanization, economic modernization, and better living standards across the region has resulted in the growth of sustainable power systems, which in turn, increased the demand for the medium voltage cable market in this region.
Many countries in Asia-Pacific have inadequate transmission and distribution (T&D) networks, and hence, electricity is not available in some remote and rural areas. To bring electricity to these areas, the countries in the region are investing majorly in building a transmission line network.
Medium-Voltage Cables Market Segmentation:
On the basis of voltage
· Up to 25kV
· 26kV-50kV
· 51kV-75kV
· 76kV-100kV
On the basis of product
· Termination Cables
· Joints
· XLPE Cables
· Others
On the basis of installation
· Underground
· Submarine
· Overhead
On the basis of end-user
· Industrial,
· Commercial
· Utility
Based on region:
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
The Report helps to identify the opportunities in Global Regions:
· North America (the United States, Canada, and Mexico)
· Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
· Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
· South America (Brazil etc.)
· The Middle East and Africa (North Africa and GCC Countries)
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Frequently Asked Questions
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