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Europe HVAC Cables Market Size By Voltage (< 110 kV, 110 kV – 220 kV, 220 kV – 440 kV, > 440 kV), By Installation (Overhead, Submarine, Underground), Industry Analysis Report, Country Outlook, Competitive Market Share & Forecast, 2020 – 2026

  • Report ID: GMI4764
  • Base Year: 2019
  • Report Format: PDF

Industry Trends

Europe HVAC Cables Market size is anticipated to exceed an annual installation of 500 km by 2026. Integration of inter-regional transmission networks along with refurbishment & replacement of conventional electricity network will drive the Europe industry during the forecast timeframe.

Paradigm shift towards the replacement of existing transmission lines followed by integration of inter and intra-regional transmission network will boost the industry scenario. In addition, rising investments toward offshore wind farms coupled with growing customer inclination toward the adoption of subsea power cables will fuel the business potential. Ongoing technological enhancement to cater to the rising installation and maintenance cost will positively influence the Europe HVAC cables market demand.

Europe HVAC Cables Market Statistics

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High voltage AC cables are used for electricity transmission at high voltages. These cables are further categorized into overhead, underground, and submarine cables which are available at various voltage ratings. The usage of cables varies with different insulation and conductor with changing operating conditions. In addition, high voltage alternating cables are applicable in synchronized & un-synchronized AC transmission systems.

Upgradation & restructuring of traditional transmission infrastructure will drive the market growth

Increasing demand for revamping & restructuring of traditional transmission infrastructure will positively influence the industry scenario. Moreover, rising overhead HVAC cables demand to cater to the intra-regional energy requirement will boost the business potential. For instance, as per European interconnector, in 2019 France exported 13.3 TWh electricity to Italy and 11 TWh electricity to Germany.

Europe HVAC Cables Market by Installation

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Favorable government policies, norms, and sectoral schemes toward the adoption of sustainable energy infrastructure will enhance the Europe HVAC cables market share across the region.

Submarine is anticipated to upsurge owing to increasing deployment of offshore wind farms coupled with rapid development of deep and ultra-deep water oil & gas platforms. Growing expansion of island interconnections along with increasing inter-country electricity transmission networks has initiated a positive business outlook. Ongoing research and development to improve the cable efficiency as well as to minimize the installation and maintenance cost will fuel the Europe HVAC cables market deployment across the Europe.

Ongoing technological enhancements coupled with expansion of smart grid networks will augment the product demand

110 kV – 220 kV voltage segment, was valued over USD 200 million in 2019. Increasing demand for refurbishment & retrofitting of existing power plants will further boost the product demand. Stringent government norms to curb GHG emission followed by increasing investments toward high power generation wind farms will propel the product adoption. Furthermore, growing dependency on large scale manufacturing and production plant facilities has strengthened the Europe HVAC cables market.

Rising frequency of weather-related disasters including harmonic fluctuations and brownouts leading to unpredictable electrical outages will positively influence the Europe HVAC cables market landscape. Ongoing technological advancement to cater to rising mechanical & electrical losses across the grid network followed by increasing consumer demand for uninterruptible power supply will further complement adoption of 220 kV - 440 kV voltage cables. For instance, Nexans introduced high voltage cable system in 2018 with an advanced 380 kV AC cable which includes enameled wire conductor with improved reliability & low power losses.

Increasing demand for safe, reliable and continuous electricity supply will drive the Europe high voltage AC cables industry trends

Increasing applicability of AC cables across short-distanced electricity supply, effective asynchronous interconnection, low maintenance cost and better controllability are some prominent factors which will propel the product demand. Moreover, rising demand for safe, reliable and continuous power supply coupled with adoption of cutting-edge cable technology with minimal environmental damages will complement the industry landscape. Digitalization along with increasing electricity consumption across communication based stations & data centers has significantly integrated a positive Europe HVAC cables market outlook.

Europe HVAC cables market is estimated to witness low impact on account of ongoing COVID-19 pandemic across the region. Although, decline in logistic and supply management as well as extraction and import of raw materials across the region may delay the manufacturing of conductors. However, as the impact of coronavirus weakens, the operations are returning to normal with minimum workforce.

For instance, Ørsted reported its development of offshore wind farms without any hindrance during outbreak of corona virus and further stated to complete its ongoing wind farm projects by first half of 2020.

Europe is anticipated to witness growth in HVAC cables industry on account of rising electricity demand and replacement of aging T&D infrastructure

Europe HVAC Cables Market by Country

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Growing demand for the replacement of existing power grid network in line with increasing investments toward renewable generation power plants will augment the Europe HVAC cables industry share in UK. Increasing electricity demand along with aging power network will shift the industry focus toward the incorporation of technologically advanced product for better power stability and efficiency. In addition, rising concerns pertaining to grid safety, reliability and security have significantly enhanced the business potential across the region. Moreover, paradigm shift toward renewable energy infrastructure will further instigate the business scenario.

Germany is anticipated to surpass an annual installation of 200 km by 2026. Rising investment toward expansion and retrofitting of existing power lines will enhance the product demand. Furthermore, increasing number of T&D projects which majorly includes installation of submarine and overhead transmission lines across various cities will fuel the technological adoption. Upcoming wind power projects connecting inter-state and country through overhead, underground and submarine high voltage transmission lines will further stimulate the Europe HVAC cables market sales.

Ongoing deployment of HVAC cables will act as the focal point of industry players

Ongoing mergers and acquisition along with favorable government policies toward the technology adoption will foster the business outlook. For instance, Prysmian in 2018 was awarded with a HVAC underground 230 kV cable project worth over USD 30 million to deliver 44 km transmission line. Moreover, increasing investment plans by leading cable manufacturer toward supply of power lines across various offshore power projects will sway the industry growth. Major players operating across the Europe HVAC cables industry includes Nexans, Tratos, ABB, NKT, TF Kable, Hellenic Cables, Prysmian Group, Alfanar, LS Cable & System, Elsewedy, Taihan, Furukawa.

Europe HVAC cables market report includes in-depth coverage of the industry with estimates & forecast in terms of “km” & “USD” from 2018 to 2026, for the following segments:

By Voltage

  • < 110 kV
  • 110 kV – 220 kV
  • 220 kV – 440 kV
  • > 440 kV

By Installation

  • Overhead
  • Submarine
  • Underground

The above information has been provided for the following countries:

By Country

  • Germany
  • France
  • Spain
  • UK
  • Italy
  • Netherlands
  • Belgium
  • Austria
  • Lithuania
  • Poland


Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

As per estimates, europe hvac cables industry would account a crcr of 17.5% through 2026.

In 2026, the europe hvac cables industry is estimated to record a valuation of $653.4 million.

According to the report published by Global Market Insights Inc., the HVAC cables business in Europe is supposed to attain $600 million by 2026.

Expansion of smart grid networks, refurbishment & retrofit of existing grid infrastructure, integration of inter-regional and intra-regional transmission network, and increasing deployment of offshore wind farms are major factors expected to drive the market growth.

Nexans, ABB, NKT, TFKable, Helleinic Cables, Prysmian Group, Alfanar, LS Cable & System, Elsewedy, Taihan, Furukawa Electric, Tratos are some of the top contributors in the industry.

Germany HVAC cables industry can be expected to register considerable growth owing to rising investment toward expansion and retrofitting of existing power lines.

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Premium Report Details

  • Published Date: Jul 2020
  • Companies covered: 12
  • Tables & Figures: 178
  • Countries covered: 10
  • Pages: 170

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