OPGW Cable Trends and Forecast
The future of the global OPGW cable market looks promising with opportunities in the below 220 KV, 220-500 KV, and above 500 KV markets. The global OPGW cable market is expected to grow with a CAGR of 5.5% from 2024 to 2030. The major drivers for this market are huge demands for efficient electricity and high-speed internets.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
OPGW Cable by Segment
The study includes a forecast for the global OPGW cable by type, application, and region.
OPGW Cable Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Layer Stranding Structure
• Central Tube Design
OPGW Cable Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Below 220 KV
• 220-500 KV
• Above 500 KV
OPGW Cable Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of OPGW Cable Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies OPGW cable companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the OPGW cable companies profiled in this report include-
• Prysmian
• Fujikura
• Furukawa Electric
• Sumitomo Electric
• Sterlite Technologies
• Ztt International
• Tratos
OPGW Cable Market Insights
Lucintel forecasts that layer stranding structure is expected to witness the higher growth over the forecast period due to its enhanced load bearing and improved vibration resistance capabilities.
Within this market, below 220 KV will remain the largest segment.
APAC is expected to witness highest growth over the forecast period due to rapid expansion of power grids and rising government initiatives in the region.
Features of the Global OPGW Cable Market
Market Size Estimates: OPGW cable market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: OPGW cable market size by type, application, and region in terms of value ($B).
Regional Analysis: OPGW cable market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the OPGW cable market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the OPGW cable market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for OPGW cable market?
Answer: The global OPGW cable market is expected to grow with a CAGR of 5.5% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the OPGW cable market?
Answer: The major drivers for this market are huge demands for efficient electricity and high-speed internets.
Q3. What are the major segments for OPGW cable market?
Answer: The future of the OPGW cable market looks promising with opportunities in the below 220 KV, 220-500 KV, and above 500 KV markets.
Q4. Who are the key OPGW cable market companies?
Answer: Some of the key OPGW cable companies are as follows:
• Prysmian
• Fujikura
• Furukawa Electric
• Sumitomo Electric
• Sterlite Technologies
• Ztt International
• Tratos
Q5. Which OPGW cable market segment will be the largest in future?
Answer: Lucintel forecasts that layer stranding structure is expected to witness the higher growth over the forecast period due to its enhanced load bearing and improved vibration resistance capabilities.
Q6. In OPGW cable market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rapid expansion of power grids and rising government initiatives in the region.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the OPGW cable market by type (layer stranding structure and central tube design), application (below 220 KV, 220-500 KV, and above 500 KV), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to OPGW Cable Market, OPGW Cable Market Size, OPGW Cable Market Growth, OPGW Cable Market Analysis, OPGW Cable Market Report, OPGW Cable Market Share, OPGW Cable Market Trends, OPGW Cable Market Forecast, OPGW Cable Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.