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Asia Pacific Underground High Voltage Cable Market
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Asia Pacific Underground High Voltage Cable Market Future-Proof Strategies: Market Trends 2025-2033

Asia Pacific Underground High Voltage Cable Market by voltage, 2019 – 2032 (km, USD Million) (< 110 kV, 110 kV - 220 kV, > 220 kV), by current, 2019 – 2032 (km, USD Million) (HVAC, HVDC), by North America (U.S., Canada) Forecast 2025-2033

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Asia Pacific Underground High Voltage Cable Market Future-Proof Strategies: Market Trends 2025-2033

Key Insights

The size of the Asia Pacific Underground High Voltage Cable Market was valued at USD 15.7 Billion in 2023 and is projected to reach USD 21.94 Billion by 2032, with an expected CAGR of 4.9% during the forecast period. An Underground High Voltage Cable is a type of electrical cable designed to transmit high-voltage electricity from power plants or substations to residential, commercial, and industrial areas, all while being buried underground for protection and reliability. These cables are an essential part of modern power distribution infrastructure, particularly in urban areas where overhead lines are not feasible due to space constraints or aesthetic reasons. Underground High Voltage Cables are a critical component of the modern power distribution infrastructure, offering enhanced safety, reliability, and aesthetic benefits over traditional overhead lines. Although they come with higher initial costs and installation complexity, their advantages in terms of reduced maintenance, environmental resilience, and long-term performance make them an attractive solution, especially in urban and industrial settings. As technology advances, the development of even more efficient and durable underground cables will continue to improve the sustainability and reliability of electrical power systems.

Asia Pacific Underground High Voltage Cable Market Research Report - Market Size, Growth & Forecast

Asia Pacific Underground High Voltage Cable Market Concentration & Characteristics

The market is fragmented, with several key players holding significant market share. Innovation and technological advancements play a crucial role in shaping the competitive landscape. Regulations and product substitutes influence market dynamics. End-users are concentrated in the industrial and utility sectors. M&A activities are prevalent, with companies seeking to expand their geographic reach and product offerings.

Asia Pacific Underground High Voltage Cable Market Trends

Key insights include:

  • Increasing adoption of HVDC technology for long-distance power transmission
  • Growing demand for smart grid technologies
  • Use of advanced materials and manufacturing techniques to improve cable performance

Asia Pacific Underground High Voltage Cable Market Growth

Key Region or Country & Segment to Dominate the Market

China and India are the key growth markets in the Asia Pacific region, accounting for a significant portion of the revenue.

Dominant Segment: 220 kV HVAC

This segment is expected to dominate the market due to ongoing infrastructure development in urban and rural areas.

Asia Pacific Underground High Voltage Cable Market Product Insights Report Coverage & Deliverables

Coverage:

  • Market size and growth forecast
  • Market segmentation
  • Competitive landscape
  • Industry analysis
  • Key trends and drivers

Deliverables:

  • Comprehensive market report
  • Executive summary
  • Company profiles

Asia Pacific Underground High Voltage Cable Market Analysis

Market Size: The market is expected to reach USD 25.4 billion by 2032, growing at a CAGR of 4.9% from 2022 to 2032.

Market Share: Leading players hold significant market share, while smaller players compete for niche markets.

Growth Drivers:

  • Increasing power demand
  • Government incentives
  • Technological advancements

Asia Pacific Underground High Voltage Cable Market Regional Insights

Segmenting the region:

  • North Asia: China, Japan, South Korea
  • South East Asia: Indonesia, Malaysia, Thailand, Vietnam
  • South Asia: India, Pakistan
  • Australia and New Zealand: Australia, New Zealand

Driving Forces: What's Propelling the Asia Pacific Underground High Voltage Cable Market

  • Growing urbanization
  • Increasing energy consumption
  • Expanding renewable energy installations
  • Government policies supporting underground infrastructure

Challenges and Restraints in Asia Pacific Underground High Voltage Cable Market

  • High installation costs
  • Lack of skilled labor
  • Environmental regulations
  • Competition from overhead transmission lines

Emerging Trends in Asia Pacific Underground High Voltage Cable Market

  • Advanced cable technologies
  • Integration of smart grid systems
  • Use of geothermal energy

Asia Pacific Underground High Voltage Cable Industry News

  • June 2022: ZTT Submarine Cable & System completes factory acceptance test and transports subsea cable for Shanwei Jiazi-One offshore wind project in China.
  • August 2021: Sumitomo Electric and TEPCO Power Grid collaborate to develop a distant observing system using G3-PLC communication for underground power transmission lines.

Leading Players in the Asia Pacific Underground High Voltage Cable Market Keyword

  • Prysmian Group
  • Sumitomo Electric Industries, Ltd.
  • Nexans

Asia Pacific Underground High Voltage Cable Market Segmentation

  • 1. voltage, 2019 – 2032 (km, USD Million)
    • 1.1. < 110 kV
    • 1.2. 110 kV - 220 kV
    • 1.3. > 220 kV
  • 2. current, 2019 – 2032 (km, USD Million)
    • 2.1. HVAC
    • 2.2. HVDC

Asia Pacific Underground High Voltage Cable Market Segmentation By Geography

Asia Pacific 

  • China 
  • Japan 
  • India 
  • South Korea 
  • Taiwan 
  • Australia 
  • Rest of Asia-Pacific

Asia Pacific Underground High Voltage Cable Market Regional Share

Asia Pacific Underground High Voltage Cable Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2019-2033
Base Year 2024
Estimated Year 2025
Forecast Period2025-2033
Historical Period2019-2024
Growth RateCAGR of 4.9% from 2019-2033
Segmentation
    • By voltage, 2019 – 2032 (km, USD Million)
      • < 110 kV
      • 110 kV - 220 kV
      • > 220 kV
    • By current, 2019 – 2032 (km, USD Million)
      • HVAC
      • HVDC
  • By Geography
    • North America
      • U.S.
      • Canada
Table Of Content
  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1 Refurbishment & retrofit of existing grid infrastructure
        • 3.2.2 Expansion of micro-grid network
        • 3.2.3 Increasing electricity demand
      • 3.3. Market Restrains
        • 3.3.1. Slow paced technological evolution
      • 3.4. Market Trends
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. Asia Pacific Underground High Voltage Cable Market Analysis, Insights and Forecast, 2019-2031
    • 5.1. Market Analysis, Insights and Forecast - by voltage, 2019 – 2032 (km, USD Million)
      • 5.1.1. < 110 kV
      • 5.1.2. 110 kV - 220 kV
      • 5.1.3. > 220 kV
    • 5.2. Market Analysis, Insights and Forecast - by current, 2019 – 2032 (km, USD Million)
      • 5.2.1. HVAC
      • 5.2.2. HVDC
    • 5.3. Market Analysis, Insights and Forecast - by Region
      • 5.3.1. North America
  6. 6. Competitive Analysis
    • 6.1. Market Share Analysis 2024
      • 6.2. Company Profiles
        • 6.2.1 Prysmian Group
          • 6.2.1.1. Overview
          • 6.2.1.2. Products
          • 6.2.1.3. SWOT Analysis
          • 6.2.1.4. Recent Developments
          • 6.2.1.5. Financials (Based on Availability)
        • 6.2.2 Sumitomo Electric Industries Ltd.
          • 6.2.2.1. Overview
          • 6.2.2.2. Products
          • 6.2.2.3. SWOT Analysis
          • 6.2.2.4. Recent Developments
          • 6.2.2.5. Financials (Based on Availability)
        • 6.2.3 Nexans
          • 6.2.3.1. Overview
          • 6.2.3.2. Products
          • 6.2.3.3. SWOT Analysis
          • 6.2.3.4. Recent Developments
          • 6.2.3.5. Financials (Based on Availability)
        • 6.2.4 Riyadh Cable
          • 6.2.4.1. Overview
          • 6.2.4.2. Products
          • 6.2.4.3. SWOT Analysis
          • 6.2.4.4. Recent Developments
          • 6.2.4.5. Financials (Based on Availability)
        • 6.2.5 alfanar Group
          • 6.2.5.1. Overview
          • 6.2.5.2. Products
          • 6.2.5.3. SWOT Analysis
          • 6.2.5.4. Recent Developments
          • 6.2.5.5. Financials (Based on Availability)
        • 6.2.6 ZTT
          • 6.2.6.1. Overview
          • 6.2.6.2. Products
          • 6.2.6.3. SWOT Analysis
          • 6.2.6.4. Recent Developments
          • 6.2.6.5. Financials (Based on Availability)
        • 6.2.7 NKT A/S
          • 6.2.7.1. Overview
          • 6.2.7.2. Products
          • 6.2.7.3. SWOT Analysis
          • 6.2.7.4. Recent Developments
          • 6.2.7.5. Financials (Based on Availability)
        • 6.2.8 Hellenic Cables
          • 6.2.8.1. Overview
          • 6.2.8.2. Products
          • 6.2.8.3. SWOT Analysis
          • 6.2.8.4. Recent Developments
          • 6.2.8.5. Financials (Based on Availability)
        • 6.2.9 FURUKAWA ELECTRIC CO. LTD.
          • 6.2.9.1. Overview
          • 6.2.9.2. Products
          • 6.2.9.3. SWOT Analysis
          • 6.2.9.4. Recent Developments
          • 6.2.9.5. Financials (Based on Availability)
        • 6.2.10 ILJIN ELECTRIC
          • 6.2.10.1. Overview
          • 6.2.10.2. Products
          • 6.2.10.3. SWOT Analysis
          • 6.2.10.4. Recent Developments
          • 6.2.10.5. Financials (Based on Availability)
        • 6.2.11 Taihan Cable & Solution Co. Ltd.
          • 6.2.11.1. Overview
          • 6.2.11.2. Products
          • 6.2.11.3. SWOT Analysis
          • 6.2.11.4. Recent Developments
          • 6.2.11.5. Financials (Based on Availability)
        • 6.2.12 LS Cable & System Ltd.
          • 6.2.12.1. Overview
          • 6.2.12.2. Products
          • 6.2.12.3. SWOT Analysis
          • 6.2.12.4. Recent Developments
          • 6.2.12.5. Financials (Based on Availability)
        • 6.2.13 Far East Cable Co. Ltd.
          • 6.2.13.1. Overview
          • 6.2.13.2. Products
          • 6.2.13.3. SWOT Analysis
          • 6.2.13.4. Recent Developments
          • 6.2.13.5. Financials (Based on Availability)
        • 6.2.14 Qingdao Hanhe Cable Co. Ltd.
          • 6.2.14.1. Overview
          • 6.2.14.2. Products
          • 6.2.14.3. SWOT Analysis
          • 6.2.14.4. Recent Developments
          • 6.2.14.5. Financials (Based on Availability)
        • 6.2.15 Zhongtian Technology Submarine Cable Co. Ltd.
          • 6.2.15.1. Overview
          • 6.2.15.2. Products
          • 6.2.15.3. SWOT Analysis
          • 6.2.15.4. Recent Developments
          • 6.2.15.5. Financials (Based on Availability)
        • 6.2.16 KEC International
          • 6.2.16.1. Overview
          • 6.2.16.2. Products
          • 6.2.16.3. SWOT Analysis
          • 6.2.16.4. Recent Developments
          • 6.2.16.5. Financials (Based on Availability)
        • 6.2.17 CTC Global Corporation
          • 6.2.17.1. Overview
          • 6.2.17.2. Products
          • 6.2.17.3. SWOT Analysis
          • 6.2.17.4. Recent Developments
          • 6.2.17.5. Financials (Based on Availability)
List of Figures
  1. Figure 1: Asia Pacific Underground High Voltage Cable Market Revenue Breakdown (Billion, %) by Product 2024 & 2032
  2. Figure 2: Asia Pacific Underground High Voltage Cable Market Share (%) by Company 2024
List of Tables
  1. Table 1: Asia Pacific Underground High Voltage Cable Market Revenue Billion Forecast, by Region 2019 & 2032
  2. Table 2: Asia Pacific Underground High Voltage Cable Market Volume K Units Forecast, by Region 2019 & 2032
  3. Table 3: Asia Pacific Underground High Voltage Cable Market Revenue Billion Forecast, by voltage, 2019 – 2032 (km, USD Million) 2019 & 2032
  4. Table 4: Asia Pacific Underground High Voltage Cable Market Volume K Units Forecast, by voltage, 2019 – 2032 (km, USD Million) 2019 & 2032
  5. Table 5: Asia Pacific Underground High Voltage Cable Market Revenue Billion Forecast, by current, 2019 – 2032 (km, USD Million) 2019 & 2032
  6. Table 6: Asia Pacific Underground High Voltage Cable Market Volume K Units Forecast, by current, 2019 – 2032 (km, USD Million) 2019 & 2032
  7. Table 7: Asia Pacific Underground High Voltage Cable Market Revenue Billion Forecast, by Region 2019 & 2032
  8. Table 8: Asia Pacific Underground High Voltage Cable Market Volume K Units Forecast, by Region 2019 & 2032
  9. Table 9: Asia Pacific Underground High Voltage Cable Market Revenue Billion Forecast, by voltage, 2019 – 2032 (km, USD Million) 2019 & 2032
  10. Table 10: Asia Pacific Underground High Voltage Cable Market Volume K Units Forecast, by voltage, 2019 – 2032 (km, USD Million) 2019 & 2032
  11. Table 11: Asia Pacific Underground High Voltage Cable Market Revenue Billion Forecast, by current, 2019 – 2032 (km, USD Million) 2019 & 2032
  12. Table 12: Asia Pacific Underground High Voltage Cable Market Volume K Units Forecast, by current, 2019 – 2032 (km, USD Million) 2019 & 2032
  13. Table 13: Asia Pacific Underground High Voltage Cable Market Revenue Billion Forecast, by Country 2019 & 2032
  14. Table 14: Asia Pacific Underground High Voltage Cable Market Volume K Units Forecast, by Country 2019 & 2032
  15. Table 15: U.S. Asia Pacific Underground High Voltage Cable Market Revenue (Billion) Forecast, by Application 2019 & 2032
  16. Table 16: U.S. Asia Pacific Underground High Voltage Cable Market Volume (K Units) Forecast, by Application 2019 & 2032
  17. Table 17: Canada Asia Pacific Underground High Voltage Cable Market Revenue (Billion) Forecast, by Application 2019 & 2032
  18. Table 18: Canada Asia Pacific Underground High Voltage Cable Market Volume (K Units) Forecast, by Application 2019 & 2032

STEP 1 - Identification of Relevant Samples Size from Population Database

Step Chart
bar chart
method chart

STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

approach chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.

Note* : In applicable scenarios

STEP 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
approach chart

STEP 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.

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