Japan HV & EHV Underground Cables Market was valued at USD 2.1 Billion in 2022 and is projected to reach USD 3.8 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The Japan HV (High Voltage) and EHV (Extra High Voltage) underground cables market is witnessing significant growth driven by the increasing demand for reliable and efficient electricity transmission. These cables play a crucial role in ensuring the seamless transfer of electricity across vast distances, especially in urban areas where space constraints often limit overhead transmission options. The application of HV and EHV cables spans various sectors, including power generation, transmission, and distribution, supporting the nation's energy infrastructure development. The growing focus on renewable energy sources, coupled with the need for upgrading existing transmission networks, is further propelling the demand for advanced underground cable solutions.
One of the key applications of HV and EHV underground cables is in power transmission. These cables are designed to transport high voltage electricity over long distances with minimal losses, making them ideal for connecting remote power generation sites to urban centers. The increasing investment in renewable energy projects, such as wind and solar farms, has necessitated the installation of robust transmission systems capable of handling higher voltages. Additionally, as Japan aims to reduce its carbon footprint and transition to cleaner energy sources, the role of HV and EHV underground cables becomes even more vital in facilitating the integration of renewable energy into the national grid.
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Prysmian Group
Nexans
Southwire
Hengtong Group
Furukawa Electric
Sumitomo Electric Industries
Qrunning Cable
LS Cable & System
Taihan Electric
Riyadh Cable
NKT Cables
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Japan HV & EHV Underground Cables Market
Direct Current
Alternative Current
Based on Types the Market is categorized into Below types that held the largest HV & EHV Underground Cables market share In 2023.
HV
EHV
Japan (United States, Japan and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Japan HV & EHV Underground Cables Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan HV & EHV Underground Cables Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan HV & EHV Underground Cables Market, By Type
6. Japan HV & EHV Underground Cables Market, By Application
7. Japan HV & EHV Underground Cables Market, By Geography
Japan
Europe
Asia Pacific
Rest of the World
8. Japan HV & EHV Underground Cables Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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