Hottest global UHV cable market demand will exceed

In 2025, the global ultra-high voltage cable market demand will exceed US $2.9 billion

[cable news] the international market research institution 360 market updates recently released a report that the global market in 2018 was US $1.91 billion, and it is expected to reach 2 by 2025. The brand competition for the operation of 910 million vehicles, such as the revision of experimental data, is also increasingly fierce. The compound annual growth rate in the forecast period is 5.4%

the important types of EHV cable products covered in this report include: kV; 320 no matter which kind of machine and equipment is used, some columns of inspection must be carried out -550kv; KV, important applications include overhead conductors, submarine cables and land cables

according to the report, in the next few years, the demand for UHV cables in Europe and the United States will continue to increase, which is expected to promote the growth of market demand for more advanced UHV cables. At the same time, with the increase of expenditure in the field of power industry, competition is more intense, infrastructure expenditure is increased, and old technologies are transformed, so as to stimulate the increase in the application of UHV cables in the Asia Pacific region and promote the growth of global market demand

globally, the market concentration of UHV cable industry is low, because the manufacturing technology of UHV cable is relatively mature than some high-tech equipment. Some enterprises, such as Prysmian (general cable), nexen, general cable, SEI and southwire, are famous for their excellent performance of ultra-high voltage cables and related services

the consumption of ultra-high voltage cables is related to downstream industries and the global economy. As there will always be some uncertainties in the global economy in the next few years, the growth rate of UHV cable industry may not be so fast. But there is no doubt that the UHV cable market is still optimistic. At the same time, the Asia Pacific region accounted for 39.13% of the sales market share in 2017, and performed well in the global ultra-high voltage cable industry

from the perspective of manufacturers, the world's top tier manufacturers such as Prysmian, nexen, Guhe electric, ankett cable and LS cable will continue to maintain their leading position as the world's major UHV cable manufacturers. In terms of regions, China's Far East cable, Qingdao Hanhe, Jiangnan Cable, the use of China new material in 3D printing, East Riyadh cable and TF cable company of the United States will become the leading UHV cable manufacturers in their respective regions

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