Europe HVAC Cables Market Size & Share 2022 to 2030

Market Size by Voltage (110 kV, 220 kV, > 220 kV), by Installation (Overhead, Submarine, Underground), COVID-19 Impact Analysis, Country Outlook, Competitive Market Share & Forecast.
Report ID: GMI4764
   |
Published Date: May 2022
 | 
Report Format: PDF

Download Free PDF

Europe HVAC Cables Market Size

Europe HVAC Cables Market size valued at USD 4 billion in 2021 and is anticipated to grow at over 101% AGR from 2022 to 2023. Rising investments toward the development of offshore renewable power projects coupled with the growing customer inclination towards adoption of subsea power cables will complement the industry growth. The ongoing technological enhancement in order to cater rising power outages along with to supply electricity with minimal power loss will positively sway the business scenario.
 

Europe HVAC Cables Market

Europe HVAC Cables Market Analysis

Europe HVAC Cables Market Size, By Installation

The overhead HVAC cables market in Europe is poised to generate USD 1 billion revenue by 2030. Restructuring and revamping of transmission infrastructure with upgradation of electrical network will bolster the market statistics. Government norms and policies to deploy smart grid infrastructure and stringent regulations to enhance green electricity share across the region. The ongoing project commissioning of inter-country and state power line connections in line with rising high transmission cables demand to overcome the regional energy requirements will propel the market potential.
 

Increasing offshore wind farms establishments across the sea connected countries together with ongoing government emphasis towards the development of offshore wind energy will drive the submarine HVAC cables market revenue. According to National grid, in 2021, wind power energy generated over 21% UK total electricity which has created a huge impact toward the renewable power. The growing expansion of island connections coupled with rising inter-country transmission networks has further initiated a positive industry outlook.
 

110 kV – 220 kV HVAC cables segment is projected to register revenue of over USD 240 million by 2021. The continuous development of the medium scale industrial establishment in line with growing demand for short distance cables for effective transmission will spur the market share. The increasing need for retrofitting and rescaling of manufacturing power plants will boost the HVAC cables market in the region. Moreover, strict government norms to minimize GHG emission followed by development of high-power production wind farms to generate traction in product adoption.
 

Rising power outages, harmonic fluctuations, weather-related disasters, and brownouts are major unavoidable factors inclined toward replacements and restorations of transmission networks. For instance, Nexans launched a high voltage cable solution with an advanced 380 kV AC cable which comprises of enameled wire conductor combined with improved reliability and low power losses. Ongoing technological enhancements to overcome the rising mechanical and electrical losses across power grid coupled with growing consumer inclination for uninterruptible power supply will complement the adoption of > 220 kV HVAC cables.
 

The continuing applicability of high voltage AC cables across the short-distanced electricity supply, low maintenance cost, effective asynchronous interconnection, as well as better controllability will fuel the installation growth. The increasing penetration for safe, continuous, reliable and power supply owing to the implementation of new technology with negligible environmental damages will further enhance the industry landscape. Re-industrialization and digitization across European region including UK, Germany and France with rising electricity consumption across the communication-based stations and data centers will significantly integrate a positive market value.
 

Europe HVAC cables market observed low or marginal COVID-19 impact led by ongoing construction activities across the electricity sector and strict renewable based targets to fulfill the green energy demand.
 

Europe HVAC Cables Market Share

Germany HVAC cables market is set to surge on account of increasing demand for a reliable electric infrastructure with ongoing development of transmission grid network. The rising investment toward development and refurbishment of conventional power lines will propel the market demand. Increasing number of transmission projects which includes installation of overhead and submarine transmission lines will boost the regional business.
 

Europe HVAC Cables Market Share

Continuous mergers and acquisition together with the favorable government policies toward technology adoption will drive the market size. Increasing investment plans by the major cable manufacturers toward the supply of power lines will augment the market growth.
 

Major players operating across the Europe HVAC cables market includes :

  • Prysmian Group
  • Power Plus Cable
  • Elsewedy Electric
  • Ducab
  • Sumitomo Electric
  • alfanar Group
  • NKT A/S
  • ZTT
  • Hellenic Cables Group
  • Nexans
  • Brugg Cables
  • TF Kable
  • Furukawa Electric
  • Tratos
     

This market research report on Europe HVAC cables includes in-depth coverage of the industry with estimates & forecast in terms of “km” & “USD” from 2018 to 2030, for the following segments:

Market, By Voltage

  • 110 kV – 220 kV
  • > 220 kV

Market, By Installation

  • Overhead
  • Submarine
  • Underground

The above information has been provided for the following country:

  • Germany
  • Spain
  • Italy
  • Netherlands
  • Belgium
  • Austria
  • Lithuania
  • Poland
  • UK
  • Rest of Europe

 

Authors: Ankit Gupta, Shubhankar Dimri
Europe HVAC Cables Market Scope
  • Europe HVAC Cables Market Size
  • Europe HVAC Cables Market Trends
  • Europe HVAC Cables Market Analysis
  • Europe HVAC Cables Market Share

Report Content

Chapter 1   Methodology & Scope

1.1    Methodology

1.2    Market definitions

1.3    Market estimates and forecast parameters

1.4    Data sources

1.4.1    Primary

1.4.2    Secondary

1.4.2.1    Paid sources

1.4.2.2    Public sources

Chapter 2   Europe HVAC Cables Industry Insights

2.1    Industry ecosystem analysis

2.1.1    Vendor Matrix

2.2    Innovation & technology landscape

2.2.1    Prysmian Group

2.2.2    Sumitomo Electric Industries, Ltd.

2.2.3    Nexans

2.3    Regulatory landscape

2.3.1    Europe

2.3.1.1    Recommendations to improve Europe HVAC cables system reliability- A joint ENTSO-E and Europa cable

2.3.1.1.1    Recent Concern

2.3.1.2    Regulation (EU) 2017/1485 — guideline on electricity transmission system operation

2.3.1.2.1    Key Points

2.3.1.2.2    General Aspects

2.3.1.2.3    Technical Sections

2.3.1.3    UK

2.3.1.3.1    Safety Standards for Electrical Installations and Equipment in Explosives Facilities (UK)

2.3.1.3.1.1    Protection from Power Supply Authority Overhead Power Lines

2.3.1.3.2    Position, insulation, and protection of overhead lines

2.3.1.3.3    Electrical Distribution Within Explosives Areas

2.3.1.3.4    Crossing of Roads and Railways

2.3.1.4    France

2.3.1.4.1    Directive 96/92/EC

2.3.1.4.2    Directive 2003/54/EC

2.3.1.4.3    Directive 2009/72/EC

2.4    COVID- 19 impact on the industry outlook

2.4.1    Top 10 European countries impacted by COVID- 19

2.4.2    Overall View

2.5    Industry impact forces

2.5.1    Growth drivers

2.5.1.1    Expansion of smart grid networks

2.5.1.2    Refurbishment & retrofit of existing grid infrastructure

2.5.1.3    Integration of inter-regional and intra-regional transmission network

2.5.1.4    Increasing deployment of offshore wind farms

2.5.2    Industry pitfalls & challenges

2.5.2.1    High dependency on imports

2.6    Europe HVAC cables, project landscape

2.6.1    HVAC Cables Transmission Projects for 2018

2.6.2    HVAC Cables Transmission Projects for 2019

2.6.3    HVAC Cables Transmission Projects for 2020

2.6.4    HVAC Cables Transmission Projects for 2021

2.6.5    HVAC Cables Transmission Projects for 2022

2.6.6    HVAC Cables Transmission Projects for 2023

2.6.7    HVAC Cables Transmission Projects for 2024

2.6.8    HVAC Cables Transmission Projects for 2025

2.6.9    HVAC Cables Transmission Projects for 2026

2.6.10    HVAC Cables Transmission Projects for 2027

2.6.11    HVAC Cables Transmission Projects for 2028

2.6.12    HVAC Cables Transmission Projects for 2029

2.6.13    HVAC Cables Transmission Projects for 2030

2.7    Growth potential analysis

2.8    Porter's Analysis

2.8.1    Bargaining power of suppliers

2.8.2    Bargaining power of buyer

2.8.3    Threat of new entrants

2.8.4    Threat of substitutes

2.9    Competitive landscape, 2022

2.9.1    Strategy dashboard

2.9.1.1    Prysmian Group

2.9.1.1.1    Projects

2.9.1.1.2    Contracts

2.9.1.1.3    Facility Expansion

2.9.1.1.4    Product Launch

2.9.1.2    Nexans

2.9.1.2.1    Contract

2.9.1.2.2    Project Launch

2.9.1.3    Elsewedy Electric

2.9.1.3.1    Contract

2.9.1.3.2    Facility Expansion

2.9.1.4    ZTT

2.9.1.4.1    Supply

2.9.1.4.2    Product evaluation

2.9.1.4.3    Product test

2.9.1.5    Sumitomo Electric Industries, Ltd.

2.9.1.5.1    Acquisition

2.9.1.6    DUCAB

2.9.1.6.1    Installation/Supply

2.9.1.7    NKT

2.9.1.7.1    Project Commission

2.9.1.8    Brugg Cables

2.9.1.8.1    Installation

2.9.1.9    LS Cable & System

2.9.1.9.1    Contract

2.9.1.10    Southwire Company, LLC

2.9.1.10.1    Acquisition

2.9.1.1    ZTT

2.9.1.1.1    Acquisition

2.10    PESTEL Analysis

Chapter 3   Europe HVAC Cables Market, By Voltage

3.1    Europe HVAC cables market share by voltage, 2021 & 2030

3.2    110 kV - 220 kV

3.2.1    Europe market from 110 kV - 220 kV, 2018 - 2030

3.2.2    Europe market from 110 kV - 220 kV, by country, 2018 - 2030

3.3    > 220 kV

3.3.1    Europe market from > 220 kV, 2018 - 2030

3.3.2    Europe market from > 220 kV, by country, 2018 - 2030

Chapter 4   Europe HVAC Cables Market, By Installation

4.1    Europe HVAC cables market share by installation, 2021 & 2030

4.2    Overhead

4.2.1    Europe market from overhead, 2018 - 2030

4.2.2    Europe market from overhead, by country, 2018 - 2030

4.3    Underground

4.3.1    Europe market from underground, 2018 - 2030

4.3.2    Europe market from underground, by country, 2018 - 2030

4.4    Submarine

4.4.1    Europe market from submarine, 2018 - 2030

4.4.2    Europe market from submarine, by country, 2018 - 2030

Chapter 5   Europe HVAC Cables Market, By Region

5.1    Europe HVAC cables market share by region, 2021 & 2030

5.2    Germany

5.2.1    Germany market, 2018 - 2030

5.2.2    Germany market, by voltage, 2018 - 2030

5.2.3    Germany market, by installation, 2018 - 2030

5.3    Spain

5.3.1    Spain market, 2018 - 2030

5.3.2    Spain market, by voltage, 2018 - 2030

5.3.3    Spain market, by installation, 2018 - 2030

5.4    Italy

5.4.1    Italy market, 2018 - 2030

5.4.2    Italy market, by voltage, 2018 - 2030

5.4.3    Italy market, by installation, 2018 - 2030

5.5    Netherlands

5.5.1    Netherlands market, 2018 - 2030

5.5.2    Netherlands market, by voltage, 2018 - 2030

5.5.3    Netherlands market, by installation, 2018 - 2030

5.6    Belgium

5.6.1    Belgium market, 2018 - 2030

5.6.2    Belgium market, by voltage, 2018 - 2030

5.6.3    Belgium market, by installation, 2018 - 2030

5.7    Austria

5.7.1    Austria market, 2018 - 2030

5.7.2    Austria market, by voltage, 2018 - 2030

5.7.3    Austria market, by installation, 2018 - 2030

5.8    Lithuania

5.8.1    Lithuania market, 2018 - 2030

5.8.2    Lithuania market, by voltage, 2018 - 2030

5.8.3    Lithuania market, by installation, 2018 - 2030

5.9    Poland

5.9.1    Poland market, 2018 - 2030

5.9.2    Poland market, by voltage, 2018 - 2030

5.9.3    Poland market, by installation, 2018 - 2030

5.10    UK

5.10.1    UK market, 2018 - 2030

5.10.2    UK market, by voltage, 2018 - 2030

5.10.3    UK market, by installation, 2018 - 2030

Chapter 6   Company Profiles

6.1    Prysmian Group

6.1.1    Business Overview

6.1.2    Financial Data

6.1.3    Product Landscape

6.1.4    Strategic Outlook

6.1.5    SWOT Analysis

6.2    Elsewedy Electric

6.2.1    Business Overview

6.2.2    Financial Data

6.2.3    Product Landscape

6.2.4    Strategic Outlook

6.2.5    SWOT Analysis

6.3    Ducab

6.3.1    Business Overview

6.3.2    Financial Data

6.3.3    Product Landscape

6.3.4    Strategic Outlook

6.3.5    SWOT Analysis

6.4    Power Plus Cables Co. L.L.C.

6.4.1    Business Overview

6.4.2    Financial Data

6.4.3    Product Landscape

6.4.4    SWOT Analysis

6.5    Sumitomo Electric Industries, Ltd.

6.5.1    Business Overview

6.5.2    Financial Data

6.5.3    Product Landscape

6.5.4    Strategic Outlook

6.5.5    SWOT Analysis

6.6    Nexans

6.6.1    Business Overview

6.6.2    Financial Data

6.6.3    Product Landscape

6.6.4    Strategic Outlook

6.6.5    SWOT Analysis

6.7    Riyadh Cable Group

6.7.1    Business Overview

6.7.2    Financial Data

6.7.3    Product Landscape

6.7.4    Strategic Outlook

6.7.5    SWOT Analysis

6.8    Brugg Cable

6.8.1    Business Overview

6.8.2    Financial Data

6.8.3    Product Landscape

6.8.4    SWOT Analysis

6.9    alfanar Group

6.9.1    Business Overview

6.9.2    Financial Data

6.9.3    Product Landscape

6.9.4    SWOT Analysis

6.10    Jeddah Cables

6.10.1    Business Overview

6.10.2    Financial Data

6.10.3    Product Landscape

6.10.4    SWOT Analysis

6.11    ZTT

6.11.1    Business Overview

6.11.2    Financial Data

6.11.3    Product Landscape

6.11.4    Strategic Outlook

6.11.5    SWOT Analysis

6.12    NKT A/S

6.12.1    Business Overview

6.12.2    Financial Data

6.12.3    Product Landscape

6.12.4    Strategic Outlook

6.12.5    SWOT Analysis

6.13    Southwire Company, LLC

6.13.1    Business Overview

6.13.2    Financial Data

6.13.3    Product Landscape

6.13.4    Strategic Outlook

6.13.5    SWOT Analysis

6.14    Cablel Hellenic Cables Group

6.14.1    Business Overview

6.14.2    Financial Data

6.14.3    Product Landscape

6.14.4    Strategic Outlook

6.14.5    SWOT Analysis

6.15    TF Kable

6.15.1    Business Overview

6.15.2    Financial Data

6.15.3    Product Landscape

6.15.4    SWOT Analysis

6.16    Furukawa Electric

6.16.1    Business Overview

6.16.2    Financial Data

6.16.3    Product Landscape

6.16.4    SWOT Analysis

6.17    Tratos

6.17.1    Business Overview

6.17.2    Financial Data

6.17.3    Product Landscape

6.17.4    Strategic Outlook

6.17.5    SWOT Analysis

Don't see your key competitors?

The companies listed in this report are a curated selection - not the full competitive universe.

Our market revenue calculations use a bottom-up methodology that accounts for all players across all regions - including manufacturers, distributors, and specialists not individually profiled. The profiles section spotlights strategically significant players; it does not define the scope of our market sizing.

Your competitive landscape may also include

Regional or domestic-only leaders not in the global top tier
Distributors and channel partners who control market access
Emerging disruptors, startups, or adjacent-industry entrants
Niche players focused on a specific application or end-use

Free customization - up to 20% of report value

Need specific data? Request customization and get the insights tailored to your exact requirements.

Authors: Ankit Gupta, Shubhankar Dimri

For inquiries regarding discounts, bulk purchases, or customization requests, please contact us at [email protected]

Explore Our Licensing Options:

Starting at: $1,950

Immediate Delivery Available

Premium Report Details

Base Year: 2021

Companies Profiled: 17

Tables & Figures: 205

Countries covered: 9

Pages: 185

Download Free PDF