The global high-speed speciality cable market is anticipated to grow at a significant CAGR during the forecast period. The major factor for the growth of the market is the increase in grid interconnections across the globe, along with offshore wind farms, and the increasing need for power generation is expected to fuel the demand for the growth of the market during the forecast period. 

The increasing number of government initiatives in many countries such as India, Indonesia, Brazil, China and many others to set up electric grids will fuel the growth of the market globally. The government in these countries has taken various initiatives to provide electricity to the rural as well as urban areas of the countries that will further increase the demand for high speciality cables for the transfer of electricity to these regions.  

According to the Indian Ministry of Power, the Government of India plans to add 48 GW of solar power capacity by 2019 and 93 GW by 2022, under a project called Power for All. As emerging economies like India and China are investing heavily in their industrial sector, there is an increasing demand for power that will further drive this market. In 2018, the Ministry of Power of Government of India has launched an initiative to provide electricity for every citizen in the country, that involved an estimated cost of $2.5 billion. Some of the key global players in the high-speed speciality cable market include Prysmian, Nexans, NKT Cables, General Cable, Sumitomo, ABB, and many others.

Market Coverage

• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered
• Regions Covered- Globally

Competitive Landscape -Prysmian, Nexans, NKT Cables, General Cable, Sumitomo, ABB, and many others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominates the market in base year?
• Which segment and region will project fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global High-Speed Speciality Cable Market by Segments

Global High-Speed Specialty Cable Market by Type

• Coaxial
• RF Cable

Global High-Speed Speciality Cable Market by Regions

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe 

Asia-Pacific

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

Rest of the World