Global Underground Cabling EPC Market: Overview
Underground cables are cables which are buried under the ground for electricity supply. They act as a substitute for the traditional overhead cables and are installed 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 and this is primarily for aesthetic purposes as the underground cables are below the ground and not seen.
Global Underground Cabling EPC Market: Growth Factors
The underground cabling EPC market in the current industrial regime has majorly been influenced due to various sets of regulatory guidelines and mandates along with standardized deployment rules and manufacturing trends. In 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.
In addition, the rapid sure in the transmission & deployment networks across the residential and commercial sectors have positively leveraged underground cabling EPC market size. Flexible product specifications and aesthetic proximity are the prime factors influencing product deployment across the globe. Furthermore, the escalating demand for energy favored by the optimistic customer demand to include a sustainable electricity network will propel the business sphere in the coming decade.
Global Underground Cabling EPC Market: Segmentation
The global underground cabling EPC market can be classified into the configuration, voltage rating, construction, insulation, and installation. Based on configuration, the underground cabling EPC market is sectored into Single Core and Three Core. Voltage rating wise, the market is segmented into Low Tension, High Tension, Super Tension, Extra High Tension, Extra Super Voltage, and Ultra High Tension. Construction wise, the underground cabling EPC market can be sectored into Belted, Screened, and Pressure underground cabling EPC. Based on the insulation, the market is segmented into PVC, XLPE, and Rubber. On the basis of installation, the market is divided into Direct Buried, Trough, Tunnels, and GILs.
Global Underground Cabling EPC Market: Regional Analysis
Based on regions, the global underground cabling EPC market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
India and China are considered as favorable markets as they continuously enhance their existing infrastructure and power capacities to meet the surging demand for electricity across the Asia Pacific. Shifting power consumption trends across industries, corporations and households favored by regulations to instigate reliability and grid safety have substantially favored the overall market growth. In 2015, the Government of China announced the capitalization of an amount worth USD 315 billion for the improvement of the nation’s grid infrastructure by 2020.
Europe underground cabling EPC market is anticipated to witness a lucrative growth, owing to swift commercialization and rise in the cash flow for myriad industrial applications and utility-based electric infrastructure. The shifting trend towards the substitution of overhead cables with aerial bunched lines as well as underground network cables will further contribute towards the business space in the region.
North America and LATAM markets have huge growth potential.
Global Underground Cabling EPC Market: Competitive Players
Some of the key players in Underground Cabling EPC market are Arteche, ZTT, KEI, Prysmian, Nexans, MasTec, KEC, Skipper, Sumitomo, Polycab, Kalpataru, APAR, Anixter, and Gupta Power.
Global Underground Cabling EPC Market: Regional Segment Analysis
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