Underground Cabling EPC Market Size By Configuration (Single Core, Three Core), By Voltage Rating (Low Tension, High Tension, Super Tension, Extra High Tension, Extra Super Voltage, Ultra High Tension), By Construction (Belted, Screened, Pressure), By Insulation (PVC, XLPE, Rubber), By Installation (Direct Buried, Trough, Tunnels, GILs), Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024

Underground Cabling EPC Market Size

Underground Cabling EPC Market size in 2017 exceeded USD 13 billion and is anticipated to surpass an annual installation of 40,000 miles by 2024. 
 

The underground cabling EPC market in the current industrial regime has largely been influenced by various sets of regulatory guidelines and mandates, have standardized the deployment and manufacturing trend. In the recent years, suburban areas have been the prime focus for installers and regulators as these pose a significant potential for refurbishment & revamping of grid infrastructure. As per Europacable, 40,000 km EHV underground and submarine cables are to be build and refurbished in Europe, attracting an investment worth 150 billion euros (USD 170 billion) by 2030.

Underground Cabling EPC Market Analysis

Three core underground cabling EPC market in the recent years has gained a significant impetus subject to the large-scale refurbishment and retrofitting demand from industrial electric networks across developing nations. Although, three core cable constructions become quite bulky for electric networks over 66kV, and the insulation required is towards the higher end. However, operational safety and effective power supply through minimizing overall transmission losses are primary parameters driving product adoption.

The rapid growth of T&D networks across the residential and commercial establishments have positively influenced the single core underground cabling EPC market size. Flexible product specifications and aesthetic proximity are the prime factors influencing the product deployment. Furthermore, the increasing demand for energy favoured by the positive consumer inclination to incorporate a sustainable electricity network will augment the business landscape.

Compact size, low installation cost and high demand across electric power, health care, oil & gas industries are the key factors complementing the integration of 33 kV underground cables. In addition, developed regions have continuously been focusing on the deployment of underground cables to sustain the line losses accrued by the overhead lines.

> 220 kV underground cables in the recent years have gained significant impetus subject to the ongoing expansion of ultra-high-tension transmission lines to sustain losses accumulated from long-route electrical supply. No sagging losses, less utilization of conductor materials, and effective long-distance transmission of electricity are the few indispensable parameters which will encourage the product adoption.

In the recent years, belted underground cables have witnessed a substantial upsurge on account of its unique design, high insulation and superior flexibility across the electricity distribution networks. Growing need for safe and secure electricity supply along with less environmental damage have compelled the industry participants and manufacturers to align their focus towards the development of these products which in turn will energize the global market.
 

Screened underground cables have witnessed escalation subject to the growing concerns associated with electrical supply faults, fire, health, and other operational hazards. Lack of effective electric infrastructure across developing economies along with the enhancement of existing networks across developed nations has instituted a favourable business scenario. In addition, advancing product portfolios coupled with the leading industry participants undertaking mergers & acquisitions as a key strategic implication will further augment the market.

PVC underground cables are anticipated to grow at a rate of over 4.5% by 2024. High tensile strength, product flexibility & versatility, conductivity and ease of installation are few parameters strengthening the overall underground cabling EPC market share. Moreover, dynamic product configurations along with wide application in wiring of circuit, house wiring, power supply solutions, instruments, submarines, mining operations and ship wiring will further stimulate the product adoption.

Increasing focus on the adoption of highly insulated electrical cable networks supported by rising concerns for an energy-efficient environment will complement the market size. The growing demand for extra high voltage cables along with soaring investments by private and government entities will further complement the industry growth.

Direct buried underground cables (DBC) on account of its specifications to endure extreme operational conditions have gained a significant impetus across the globe. Varied product configurations including multiple layers of heavy metallic-banded sheathing, coating of shock absorbing gel, and wrapping of thread-fortified waterproof tape have positively influenced the market.

Gas insulated transmission lines (GIL’s) are anticipated to exceed an annual installation of 10,000 miles by 2024. Rapid expansion of high – voltage distribution networks for long distance electricity transmission have gratified the GIL industry growth. Low transmission losses, less operating costs, safe and reliable power supply, and ease of deployment have strengthened the market.

Underground cabling EPC market across Europe is predicted to exceed USD 7 billion by 2024. The industry is anticipated to observe significant growth owing to rising investments and rapid commercialization across the utility-based electrification networks and industrial developments. Shifting trend toward conversion of overhead electric lines to aerial bunched cables and underground network will further complement the product penetration across the region.
 

China and India across the Asia Pacific region are considered as favourable markets as they continue to augment existing power capacities and infrastructure to meet the electricity demand. Changing power consumption patterns in households and corporations favoured by initiatives to integrate grid safety and reliability have significantly raised the product demand. The Government of China in 2015 announced that the country will invest USD 315 billion to improve its grid infrastructure by 2020.
 

Underground Cabling EPC Market Share

Prominent players in global market include

• KEI
• ZTT
• Nexans
• Prysmian
• Kalpataru
• MasTec
• Skipper
• KEC
• Arteche
• Sumitomo
• APAR
• Gupta Power
• Polycab
• Anixter

Underground Cabling EPC Industry Background

These are cables which are buried under the ground for electricity supply. These cables act as an alternative to the conventional overhead cables, deployed several meters above the ground. Underground cables are often used to replace the overhead lines. Downtown areas having tall buildings generally have less or no cables above ground, this is primarily for aesthetic purposes as the underground cables are below the ground and are unseen.