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Global Corrugated Aluminum Sheath Cable Market Growth 2024-2030

Global Corrugated Aluminum Sheath Cable Market Growth 2024-2030

Product Code:867668

Published Date: Jan 02,2024

Pages: 137

Region: Global

Category: Energy & Power

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According to our LPI (LP Information) latest study, the global Corrugated Aluminum Sheath Cable market size was valued at US$ 2805.6 million in 2023. With growing demand in downstream market, the Corrugated Aluminum Sheath Cable is forecast to a readjusted size of US$ 4137.3 million by 2030 with a CAGR of 5.7% during review period. 
The research report highlights the growth potential of the global Corrugated Aluminum Sheath Cable market. Corrugated Aluminum Sheath Cable are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Corrugated Aluminum Sheath Cable. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Corrugated Aluminum Sheath Cable market.

The metallic sheath plays a key role in the design of High Voltage underground cable systems, as it must satisfy essential electrical and mechanical functions to ensure the correct operation of a cable. Cables with lead alloy sheath - the first solution adopted in the development of metallic shielding technologies - provide all necessary guarantees in terms of technical characteristics: mechanical protection, fluid and moisture tightness, and short circuit current carrying capability. However, the main disadvantages of cables with a lead alloy sheath are weight - especially from the installation perspective – and, in specific instances, fatigue strain.

Cables with Corrugated Aluminium Sheath (CAS) - the first lead substitution technique adopted in the evolution of metallic shielding technology – have a significantly reduced weight when compared with cables having a lead alloy sheath. Conversely, CAS cables have the disadvantages of not only a lower transmission capacity, due to the presence of an air gap under the corrugations; but also a larger diameter and accordingly shorter delivery lengths.  The smooth welded aluminium sheath also guarantees excellent electrical and mechanical performance, full fluid tightness and compliance with even the strictest environmental requirements.

Global key players of Corrugated Aluminum Sheath Cable include Prysmian Group, LS Cable & System, etc. Global top 3 companies hold a share over 20%. Asia Pacific is the largest market, with a share over 40%, followed by Europe and North America with the share about 25% and 20%. In terms of product, HV Corrugated Aluminum Sheath Cable is the largest segment, with a share over 50%. And in terms of application, the largest application is Utility, with a share about 60%.

Key Features:
The report on Corrugated Aluminum Sheath Cable market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Corrugated Aluminum Sheath Cable market. It may include historical data, market segmentation by Type (e.g., HV Corrugated Aluminum Sheath Cable, EHV Corrugated Aluminum Sheath Cable), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Corrugated Aluminum Sheath Cable market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Corrugated Aluminum Sheath Cable market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Corrugated Aluminum Sheath Cable industry. This include advancements in Corrugated Aluminum Sheath Cable technology, Corrugated Aluminum Sheath Cable new entrants, Corrugated Aluminum Sheath Cable new investment, and other innovations that are shaping the future of Corrugated Aluminum Sheath Cable.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Corrugated Aluminum Sheath Cable market. It includes factors influencing customer ' purchasing decisions, preferences for Corrugated Aluminum Sheath Cable product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Corrugated Aluminum Sheath Cable market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Corrugated Aluminum Sheath Cable market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Corrugated Aluminum Sheath Cable market. 
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Corrugated Aluminum Sheath Cable industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Corrugated Aluminum Sheath Cable market.

Market Segmentation:
Corrugated Aluminum Sheath Cable market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type
    HV Corrugated Aluminum Sheath Cable
    EHV Corrugated Aluminum Sheath Cable

Segmentation by application
    Utility
    Industrial
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Prysmian Group
    LS Cable & System
    Sumitomo Electric
    Southwire
    Nexans
    Furukawa Electric
    NKT
    Okonite
    TFKable
    Universal Cable
    Sterlite Power
    RPG Cables (KEC)
    Dekoron
    Jiangnan Cable
    Shangshang Cable
    Qingdao Hanlan
    Zhejiang Wanma

Key Questions Addressed in this Report
What is the 10-year outlook for the global Corrugated Aluminum Sheath Cable market?
What factors are driving Corrugated Aluminum Sheath Cable market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Corrugated Aluminum Sheath Cable market opportunities vary by end market size?
How does Corrugated Aluminum Sheath Cable break out type, application?

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  • 22

    Nov

    2021

    Global Corrugated Aluminum Sheath Cable Market Growth 2021-2026

    Pages: 111|Category: ENERGY & POWER

    According to this latest study, the 2021 growth of Corrugated Aluminum Sheath Cable will have significant change from previous year. By the most conservative estimates of global Corrugated Aluminum Sheath Cable market size (most likely outcome) will be a year-over-year revenue growth rate of % in 2021, from US$ 2419.8 million in 2020. Over the next five years the Corrugated Aluminum Sheath Cable market will register a 5.7% CAGR in terms of revenue, the global market size will reach US$ 3025.9 million by 2026.

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    Global Corrugated Aluminum Sheath Cable Market Growth 2021-2026