Europe High Voltage Cable Market Outlook (2019–2027)
The high voltage cable market in Europe is projected to grow from US$ 8.01 billion in 2018 to US$ 12.49 billion by 2027, expanding at a CAGR of 5.4% from 2019 to 2027.
The rising need to transmit electricity over long distances—particularly to remote and offshore areas—is a key factor driving this growth. In developing and underdeveloped regions, where power infrastructure is limited or nonexistent, the deployment of high voltage cables ensures reliable electricity access with minimal power loss. This trend is especially prominent in coastal zones, hilly terrains, and island regions, where traditional grid infrastructure is challenging to establish. Additionally, high voltage cables are essential for transporting power from offshore wind and solar farms back to the mainland grid.
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During the forecast period, the underground high voltage cable (HVUC) segment is expected to hold the largest market share. However, the submarine high voltage cable segment is anticipated to witness the fastest growth, with the highest CAGR. A key benefit of submarine and underground cables is that they are hidden from view, reducing visual impact and exposure to environmental hazards. These cables also experience lower voltage losses compared to overhead lines. Moreover, HVUCs are less vulnerable to storm damage and pose fewer safety risks, such as accidental contact, compared to overhead transmission lines.
Germany is expected to be a major contributor to market growth, driven by ongoing infrastructure development in remote and offshore locations, alongside the country’s expanding renewable energy capacity. Following Germany, Sweden holds a significant share in the European high voltage cable market. Sweden, recognized as the largest consumer of renewable energy in the European Union, benefits from the widespread deployment of HVUCs, which align with its clean energy goals. The hidden nature and reliability of these cables make them ideal for a country prioritizing safety and sustainability.
Strategic Insights: Europe High Voltage Cable Market
Strategic insights into the Europe high voltage cable market deliver a comprehensive, data-driven analysis of the current industry landscape. They examine prevailing trends, highlight key players, and explore region-specific dynamics that influence market behavior. These insights provide actionable guidance, enabling stakeholders—whether investors, manufacturers, or policymakers—to identify emerging opportunities, untapped segments, and develop compelling value propositions.
By leveraging advanced data analytics, these insights empower businesses to anticipate industry shifts and respond proactively. A forward-looking approach is critical, allowing stakeholders to navigate the evolving market environment and secure long-term competitive advantages. Ultimately, strategic insights support informed decision-making, enhance profitability, and align business strategies with the future trajectory of the European high voltage cable market.
Market leaders and key company profiles
Dubai Cable Company – Ducab
Furukawa Electric Co., Ltd.
Nexans SA
NKT A/S
Prysmian Group (General Cable Corporation)
Siemens AG
Southwire Company, LLC
Sumitomo Electric Industries, Ltd.
TELE-FONIKA Kable SA (TF Kable)
ZTT Group
Europe High Voltage Cable Regional Insights
The geographic scope of the Europe High Voltage Cable refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights