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Nexans, CTC Global Corporation, & KEC International commands a substantial share in the overall Asia Pacific underground high voltage cable industry. Introduction of enhanced technologies and advance technological components by the eminent players has led to the positive business dynamics.
Prominent industries operative in the Asia Pacific Underground High Voltage Cable industry includes:
APAC underground high voltage cable industry size was over USD 15.7 billion in 2022 and is set to witness over 4.9% CAGR from 2023-2032 due to the increasing need for efficient transmission and distribution (T&D) control systems
The 110 kV to 220 kV voltage segment is set to record over 5.5% CAGR from 2023-2032 owing to the continuous expansion of transmission grid infrastructures in both residential and commercial settings
Demand for HVDC underground high voltage cables in the Asia Pacific is anticipated to witness over 3.9% CAGR from 2023-2032 on account of higher conductor adoption along with limited losses at high transmission when compared to AC cables
Nexans, CTC Global Corporation, & KEC International are few of the well-known underground high voltage cable providers in the Asia Pacific