Market Synopsis, XLPE cables are used for thermoset insulation material. Cross-linking the PE to form XLPE increases the temperature range of the insulation while maintaining the electrical properties. XLPE cables are generally used in 600V to 155kV transmission lines. However, nowadays, in 6kV-35kV transmission lines, their primary function is that of power transmission., The factors driving the growth of the XLPE cable market are increasing share of renewable energy in the power generation mix and increasing demand in offshore power generation. The global electricity demand is expected to grow at a significant rate in the next few years owing to the rise in population, rapid development in urbanization, growing infrastructure activities, and enhanced access to electricity. As stakeholders in the power generation industry seek opportunities to reduce carbon footprint, they have been focusing on raising the share of renewable energy sources in the total power generation mix, globally. Renewable energy sources, especially solar, wind, and hydel, are used for electricity generation. Renewable energy sources generate electricity without any polluting emissions, while non-renewable energy sources, such as coal and natural gas, emit harmful gases and wastes. Therefore, the awareness regarding environmental safety and security has fueled the market growth for renewable energy, globally. Furthermore, countries across the world, such as the US, India, Germany, Saudi Arabia, and the UAE, have set targets to increase the generation capacity of renewable energy generation sources to increase the share of renewable energy in the power generation mix. For instance, in 2017, the UAE government launched Energy Strategy 2050 to increase the share of renewable energy to 50% in the country’s total energy mix by 2050., As per the International Energy Agency (IEA), offshore wind energy is expected to attract an investment of around USD 1 trillion by 2040. Countries across the world, such as China, France, and the US, are focusing on increasing the share of offshore wind energy in the power generation mix. In

Market Synopsis

XLPE cables are used for thermoset insulation material. Cross-linking the PE to form XLPE increases the temperature range of the insulation while maintaining the electrical properties. XLPE cables are generally used in 600V to 155kV transmission lines. However, nowadays, in 6kV-35kV transmission lines, their primary function is that of power transmission.

The factors driving the growth of the XLPE cable market are increasing share of renewable energy in the power generation mix and increasing demand in offshore power generation. The global electricity demand is expected to grow at a significant rate in the next few years owing to the rise in population, rapid development in urbanization, growing infrastructure activities, and enhanced access to electricity. As stakeholders in the power generation industry seek opportunities to reduce carbon footprint, they have been focusing on raising the share of renewable energy sources in the total power generation mix, globally. Renewable energy sources, especially solar, wind, and hydel, are used for electricity generation. Renewable energy sources generate electricity without any polluting emissions, while non-renewable energy sources, such as coal and natural gas, emit harmful gases and wastes. Therefore, the awareness regarding environmental safety and security has fueled the market growth for renewable energy, globally. Furthermore, countries across the world, such as the US, India, Germany, Saudi Arabia, and the UAE, have set targets to increase the generation capacity of renewable energy generation sources to increase the share of renewable energy in the power generation mix. For instance, in 2017, the UAE government launched Energy Strategy 2050 to increase the share of renewable energy to 50% in the country’s total energy mix by 2050.

As per the International Energy Agency (IEA), offshore wind energy is expected to attract an investment of around USD 1 trillion by 2040. Countries across the world, such as China, France, and the US, are focusing on increasing the share of offshore wind energy in the power generation mix. In China, as per the IEA, the installation capacity of offshore wind energy is expected to reach 110 GW by 2040. Additionally, in France, Iberdrola, S.A. (Spain) is developing and constructing the Saint-Brieuc offshore wind farm in Brittany, France, which is expected to be operational in 2023. In the US, in June 2019, the New Jersey Board of Public Utilities selected Ørsted A/S (Denmark) for the commencement of the offshore wind farm located on the coast of Atlantic City, US. Therefore, the use of XLPE cables is expected to increase the supply of electricity in the oil & gas and power industries.

Segmentation: Global XLPE Cable Market



The Global XLPE Cable Market is segmented based on Installation, Voltage, End User, and Region. By installation, the global market is segmented into overhead, underground, and submarine. By voltage, the global market is segmented into high voltage, medium voltage, and low voltage. Based on end user, the global market has been segmented into power, oil & gas, chemical, manufacturing, metals & mining, infrastructure & transportation, and others.

Geographically, the global XLPE cable market is segmented into Europe, the Middle East & Africa, Asia-Pacific, and the Americas. Asia-Pacific is poised to hold a majority of the share of the market during the forecast period, owing to increasing investments in the oil & gas industry and the development of existing oil fields. The rapid development of infrastructure, growing oil exploration activities, and technological advancements in this region are expected to drive the need for oil and gas in Asia-Pacific, leading to the growth of the XLPE cable market in the region. For instance, in February 2019, Jadestone Energy Inc (Singapore) signed a rig contract for infill drilling on the stag oilfield at offshore Australia. This is expected to boost the demand for XLPE cables for oil exploration applications in the oil & gas industry in the region. Such factors are expected to drive the growth of the XLPE cable market in Asia-Pacific during the forecast period.

Prominent Players

The Prominent Players in the Global XLPE Cable Market are Prysmian Group (Italy), Nexans (France), NKT A/S (Denmark), KEI Industries Limited (India), Sumitomo Electric Industries, Ltd. (Japan), Universal Cables Ltd. (India), Finolex Cables Ltd. (India), Brugg Kabel AG (Switzerland), Encore Wire Corporation (US), Eland Cables (UK), Relemac (India), and Laser Power & Infra (India).

The report for the global XLPE cable market of Market Research Future research covers extensive primary research. This is accompanied by a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historic and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.