Medium Voltage Cable Market [2024-2028] | Global Size, Share, Emerging Trends

Medium Voltage Cables Market Size, Share & Industry Analysis, By Installation (Overhead and Underground), By Voltage (1 kV – 15 kV, 16 kV – 35 kV, and 36 kV – 70 kV), By Application (Industrial, Commercial, and Utility), and Regional Forecast, 2024-2032 

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 The global medium voltage cables market size was USD 31.47 billion in 2020 and is projected to grow from USD 33.61 billion in 2021 to USD 55.31 billion in 2028 at a CAGR of 7.4% in the 2021-2028 period. 

Medium Voltage Cable Market Industry Competitive Analysis:

The global market has observed many local, regional, and global participants manufacturing and providing MV cables at different stages. These companies emphasize majorly on developing advanced solutions and acquiring long-term agreements to deliver products in bulk quantity. For example, in October 2020, NKT declared to enter into a long-term frame agreement with a Sweden-based utility company called Ellevio to deliver low and medium voltage cables for four years. The company is set to provide power cables from 1 to 36 kV to boost and strengthen the power grid across Central Sweden.

Furthermore, Nexans, a French cable manufacturer providing numerous advanced solutions, is focusing on gathering large contracts and offering its innovative cabling portfolio to enhance its reach.

For instance, in July 2020, the company inked a new agreement worth about EUR 2.1 million or over USD 2.3 million to supply 206 km of its fire-retardant power cables. The products are set to be integrated with Serbia’s largest power plant and include about 144 kV of low voltage cables along with 62 km of MV cables.


The major companies profiled in the report includes:

  • Prysmian Group
  • Nexans
  • General Cable
  • NKT
  • Furukawa Electric Co., Ltd.
  • ABB
  • Dubai Cable Company – Ducab
  • Jiangnan Group Limited
  • Schneider Electric
  • Tratos
  • Universal Cables Ltd
  • Brugg Cables
  • Riyadh Cables Group Company
  • Synergy Cables
  • ZTT

 Key benefits

Rapidly Increasing Energy Demand & Need for Reliable Power Supply to Foster Growth

The report provides an extensive analysis of the factors that drive as well as restrain the growth of the world artificial lift system market.

The market projections from 2024 to 2028 along with the impacting factors are mentioned in the report.

The report also provides quantitative as well as qualitative trends to assist the stakeholders understand the market scenario.

In-depth analyses of the key segments of the market demonstrate the consumption of Medium Voltage Cable Market  in different applications across different end-user industries.

Competitive intelligence highlights the business practices adopted by the leading market players across various geographies.

Industry Segmentations:

  • By Installation
      • Overhead
      • Underground
  • By Voltage
      • 1 kV -15 kV
      • 16 kV – 35 kV
      • 36 kV – 70 kV
  • By Application
      • Industrial
      • Commercial
      • Utility
  • By Region
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • Latin America


Scope of the Report:

► Executive Summary

► Demand and Supply-side Trends

► Market Drivers, Restraints, Opportunities, and Challenges

► Value Chain Analysis

► Porter’s Five Forces Analysis

► Industry SWOT Analysis

► COVID-19 Impact Assessment

► PESTLE Analysis

► Global Market Size and Forecast

► Regional Market Size and Forecast (Cross-country Analysis)

► Competition Landscape

► Company Profiles

Frequently Asked Questions (FAQs):

► What is the current market scenario?

► What was the historical demand scenario, and forecast outlook from 2024 to 2030?

► What are the key market dynamics influencing growth in the Global Medium Voltage Cable Market?

► Who are the prominent players in the Global Medium Voltage Cable Market?

► What is the consumer perspective in the Global Medium Voltage Cable Market?

► What are the key demand-side and supply-side trends in the Global Medium Voltage Cable Market?

► What are the largest and the fastest-growing geographies?

► Which segment dominated and which segment is expected to grow fastest?

► What was the COVID-19 impact on the Global Medium Voltage Cable Market?

Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning

Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.

Detailed analysis of the market revenue over the forecasted period.

Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.

Study on the segments that are anticipated to dominate the market.

Study on the regional analysis that is expected to register the highest growth over the forecast period

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The report shares key insights on:

  • Current market size
  • Market forecast
  • Market opportunities
  • Key drivers and restraints
  • Regulatory scenario
  • Industry trend
  • New product approvals/launch
  • Promotion and marketing initiatives
  • Pricing analysis
  • Competitive landscape

 Frequently Asked Questions (FAQs) for Medium Voltage Cable Market Report:

A well-structured report should anticipate and address common questions industry stakeholders might have. Here are some key FAQs to consider including:

  • What is the current global energy mix, and how is it expected to change in the future?
  • What are the main challenges facing the energy and power industry?
  • How are technological advancements impacting the way we generate, transmit, and distribute electricity?
  • What role do government policies play in shaping the energy and power landscape?
  • What are the potential impacts of climate change on the energy and power industry?
  • What is the future of energy prices?

Key Benefits of Buying the Report:

The report will provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall Medium Voltage Cable Market and the sub segments.

The scope of the study addresses market analysis of gas compression and gas compression engines, and their applicability in transmission and related applications.

This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.

The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.


  • What is the market size and growth rate of the global and regional market by various segments?
  • What is the market size and growth rate of the market for selective countries?
  • Which region or sub-segment is expected to drive the market in the forecast period?
  • What Factors are estimated to drive and restrain the Medium Voltage Cable Market growth?
  • What are the key technological and market trends shaping the market?
  • What are the key opportunities in the market?
  • What are the key companies operating in the market?
  • Which company accounted for the highest market share?

 Market Segmentation

  • Types of Medium Voltage Cable Market
  • Applications of Medium Voltage Cable Market
  • Research Regions
  • Market Dynamics
  • Medium Voltage Cable Market Industry Trends
  • Medium Voltage Cable Market Drivers
  • Medium Voltage Cable Market Market Challenges
  • Medium Voltage Cable Market Market Restraints
  • Industry News and Policies by Regions
  • Industry News
  • Industry Policies
  • Mergers & Acquisitions, Expansion Plans
  • Medium Voltage Cable Market Development Trends under COVID-9 Outbreak
  • Global COVID-9 Status Overview
  • Influence of COVID-9 Outbreak on Medium Voltage Cable Market Industry Development

Industry Chain Analysis

  • Upstream Raw Material Supply and Demand Analysis
  • Global Medium Voltage Cable Market Major Upstream Raw Material and Suppliers
  • Raw Material Source Analysis
  • Major Players of Medium Voltage Cable Market
  • Major Players Manufacturing Base of Medium Voltage Cable Market 
  • Major Players Market Distribution 
  • Medium Voltage Cable Market Manufacturing Cost Structure Analysis
  • Production Process Analysis
  • Manufacturing Cost Structure of Medium Voltage Cable Market
  • Market Channel Analysis of Medium Voltage Cable Market
  • Major Down Stream Customers by Application

TOC continued …

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