Vertical: EnPBase Year: 2018
Market Size (2018)
$13.69B
Projected (2025)
$21.61B
CAGR (2017–2025)
6.7%
Key Players
12+
The demand for XLPE (cross-linked polyethylene) is growing rapidly in the global market owing to the rising demand for energy and the increasing offshore applications of XLPE cables.
The global XLPE market is projected to grow at 6.84% CAGR during the forecast period, 2019–2025. In 2018, the global XLPE market was dominated by Asia-Pacific with a 42.72% share, followed by Europe and the Americas with shares of 31.07% and 18.99%, respectively.
The global XLPE market has been segmented on the basis of installation, voltage & end user, and region. On the basis of installation, the global XLPE market has been segmented into overhead, submarine, and underground. The underground segment is expected to grow at the fastest rate during the forecast period. In 2018, the overhead segment held a 64.21% share of the global XLPE market.
On the basis of voltage, the global XLPE market has been segmented as high voltage, medium voltage, and low voltage. The medium voltage segment is expected to grow at the fastest rate during the forecast period. In 2018, the medium voltage segment held a 49.70% share of the global XLPE market.
On the basis of end user, the global XLPE market has been segmented as power, oil & gas, chemical, manufacturing, metals & mining, infrastructure & transportation, and others. The power segment is expected to grow at the fastest rate during the forecast period. In 2018, the power segment held a 31.39% share of the global XLPE market.
The XLPE Cable Market market is projected to grow at a CAGR of 6.7% from 2017 to 2025.
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View Subscription PlansXLPE cable is used for thermoset insulation material. Cross-linking the PE to form XLPE increases the temperature range of the insulation whilst maintaining the electrical properties. XLPE cables are generally used in 600V to 155kV transmission lines. However, nowadays, in 6kV-35kV transmission lines, their main function is that of power transmission.
Such cables can be used for low, medium, and high voltage applications. They provide better insulation value, better current capacity, have lesser bending radii, and are lighter in weight. The cables are selected depending on the application. They have less chances of mechanical damage and can be used for underground applications with armoring and MDPE outer sheathing.
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View Subscription PlansThis report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
2018
Historical Period
2017 – 2017
Forecast Period
2019 – 2025
Primary Interviews
150+
Historical data (2017–2018) and forecast period (2018–2025)
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
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View Subscription PlansThe global XLPE market is characterized by the presence of many local, regional, and, global vendors. The market is highly competitive, with all the players continually competing to gain a larger market share. High competition, rapid advances in technology, frequent changes in government policies, and stringent environmental regulations are some of the critical factors that could restrain the market growth. The vendors compete in terms of cost, product quality, reliability, and aftermarket services. It is crucial for vendors to provide cost-effective and efficient products to survive and succeed in a competitive market environment.
The growth of the vendors is dependent on market conditions, government support, and industrial development. Thus, the vendors should focus on expanding their presence and improving their services. Prysmian Group, Sumitomo Electric Industries Ltd, Finolex Cables Ltd, and Encore Wire Corporation are some of the key players operating in the global market. These companies compete in terms of availability, quality, price, and technology and consider product development as their key strategy in the global XLPE market. Although the international players are dominating the market, regional and foreign players with small market shares also have a significant presence. The international players may strengthen their presence in the global market by heavily investing in product development during the forecast period.
Market estimates by geography (2025)
InsightAsia Pacific leads with $9.13B by 2025, while Americas is projected to grow fastest at a 7.1% CAGR.
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View Subscription Plans| REGION | 2017 | 2018 | 2025 | CAGR | SHARE |
|---|---|---|---|---|---|
| Middle East and Africa | $934.80M | $1.18B | $1.52B | 6.3% | 7% |
| Americas | $2.44B | $3.17B | $4.23B | 7.1% | 20% |
| Asia Pacific | $5.52B | $7.00B | $9.13B | 6.5% | 42% |
| Europe | $4.01B | $5.12B | $6.73B | 6.7% | 31% |
| Total | $12.90B | $16.47B | $21.61B | 6.7% | 100% |
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View Subscription PlansTotal Market Size
$21.61B
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Underground | $14.10B | 6.9% | 65% |
| Overhead | $4.36B | 6.4% | 20% |
| Submarine | $3.15B | 6.0% | 15% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
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Analytical insights on XLPE Cable Market covering market dynamics, competitive landscape, and strategic outlook.
The XLPE Cable Market market is projected to reach $21.61B by 2025, growing at 6.7% CAGR. The Underground segment holds the largest share.
The global market for XLPE cables is expected to grow at a steady rate during the forecast period. The growth can be primarily attributed to the increasing share of renewable energy in power generation mix and the increasing demand in offshore power generation. The growing demand for intercountry connections is expected to create opportunities for market players during the forecast period. However, the high installation costs and maintenance complexity are expected to form a restraint in the growth of the market during the forecast period.
XLPE cables are used for the transmission of electricity over long distances with low power losses. Authorities in many countries around the world are planning to ensure energy security in islands and across the countries. XLPE cables are preferably used for transmitting high power to such locations from the generation sites beneath the water bodies as well as overhead. However, geopolitical and geological instability due to the influence of various geographic and political factors is among the primary concerns for the operators in establishing intercounty power connections. Various country officials around the world are focusing on enhancing long-distance power interconnection between countries and regions to meet the growing electricity demand. In November 2018, Nexans (France) received a contract worth nearly USD 125.69 trillion from ADMIE (GREECE) for the design, manufacturing, and installation of HVAC XLPE cables to provide reliable power supply between the island of Syros and Lavrion, Greece. Moreover, according to the Red Eléctrica de España (Spain), the electricity interconnection project between France and Spain through the Bay of Biscay to ensure reliable power supply between the two countries was expected to start in 2020 and has been planned to be commissioned by 2025.
Governments in countries such as the UK, Belgium, Spain, Italy, India, China, and the US are also focusing on the development of intercountry power connections projects. Such factors are expected to create an opportunity for the key manufacturers for providing XLPE cables to ensure power connections between the countries. Therefore, the growing demand for intercountry power connections is expected to create an opportunity for the global XLPE cables market players during the forecast period.
XLPE cables are a critical component used for supplying electricity in various industries such as power generation, oil & gas, manufacturing, and infrastructure. However, such cables are exposed to severe harsh environmental and seismogenic risk-prone conditions, which subject the XLPE cables to high pressure, harsh fluids, natural calamities, and other environmental conditions, leading to their affected functions. In addition to this, high operational complexity, high underwater pressure, and temperature during subsea installation are also expected to hinder the growth of XLPE cables in offshore applications as they cause the cables to crack and crush due to stretching. Such damage to XLPE cables might hinder sound operations and lead to financial losses to the energy generation companies. Thus, the need for repairing XLPE cables has been recognized by the generation companies. Furthermore, the onsite installation cost of XLPE cables owing to the high environmental conditions also hinders the development of XLPE cables. Furthermore, monitoring and repairing operations of the XLPE cables are tough owing to the deteriorating condition of cables and the difficulty in maintenance in harsh working conditions. Therefore, the high installation costs and maintenance complexity are expected to restrain the growth of the global XLPE cable market during the forecast period.
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Profiles of 109 companies operating in the XLPE Cable Market market, including revenue, employee count, and market positioning where available.
Showing 109 of 109 companies
Company Headquarters: Copenhagen, Denmark Founded: 1891 Workforce: ~5,000 Company Working: NKT A/S (formerly NKT Holding A/S) is an industrial holding company, which is engaged in providing power cables and wires as well as optical components, lasers, and crystal fibers. It is considered as a pioneer in the cable manufacturing industrial segment and is proactively working on meeting the world’s growing need for energy. The company also offers cleaning equipment and photonic products. NKT A/S operates through two main businesses, namely, NKT and NKT Photonics. NKT is segmented into high-voltage solutions, applications, and service & accessories. The applications segment offers downhole cables with a broad range of low and medium voltages. NKT Photonics A/S, NKT Flexibles, NKT Cables Group A/S, CCC GmbH Berlin, NKT cables AB, Nilfisk-advances, s.r.o., Nkt Cables Warszowice Sp Z O O, and Fianium Holdings Ltd are some of its subsidiaries. NKT A/S operates in 9 countries, including the US, the UK, the UAE, and Australia.
Encore Wire Corporation is an industrial company engaged in manufacturing power cables and wires. The company offers a wide range of products including UF-B cables, NM-B cables, XHHW-2 cables, service entrance cables, THHN/THWN-2 cables, tracer wires, MC-LED cables, and metal-clad & armored cables. It also offers its products for interior electrical wiring applications in residential, commercial, industrial, and data centers. The cables and wires manufactured by the company have aluminum or copper as the current-carrying component of the conductor. It offers a wide range of its products to its clientele depending upon various factors such as conductor type, product type, insulation, and diameter. Encore Wire Corporation primarily competes with companies including Prysmian Group, Southwire Company, LLC, Cerrowire LLC, and AFC Cable Systems.
Brugg Kabel AG is engaged in the business of designing, manufacturing, and delivering wires and cables ranging between 1 and 500 kV for applications in various sectors including power generation, construction, and industrial. The company offers products including cables, heavy-duty ropes, stainless steel ropes, cable fittings and assembly accessories, rope structures, straps, and pipes. It offers its products for various sectors. The company operates through four segments, namely, cable systems, rope technology, pipe systems, and process control systems segments. It offers XLPE cables under the cable system segment. Brugg Kabel AG has its presence across the countries worldwide, including the US, the UK, Australia, China, France, Germany, India, Italy, Japan, Poland, Mexico, Spain, the UAE, Finland, and Croatia.
Universal Cables Ltd. is one of the largest wire and cable manufacturers in India. It offers products including XLPE cables, PVC cables, power cables, elastomeric cables, capacitors, harmonic filters, surge protection devices, automatic power factor correction panels, and cable monitoring systems. The company offers its products to its customers under the brand UNISTAR. The products manufactured by the company are offered to its clientele present in various countries such as Saudi Arabia, South Africa, Russia, Indonesia, the UAE, Oman, Singapore, Libya, and Seychelles around the world. The company also has an EPC Division, which offers solutions including designing, supplying, installation, and commissioning of cables for various projects.
KEI Industries Limited is engaged in the business of manufacturing and marketing extra-high voltage (EHV) cables, high tension, and low tension cables, control, and instrumentation cables, specialty cables, rubber cables, flexible and house wires, submersible cables, PVC/poly-wrapped winding wires, and stainless steel wires. Its products are used in industries such as power, oil refineries, railways, automobiles, cement, steel, fertilizers, textiles, and real estate. It operates through three business segments namely, cables, stainless steel wire, and EPC projects. It provides EHV cables for mega power plants, transmission companies, IT parks, residential townships, and metro rail projects. KEI Industries Limited has a strong global presence in countries such as the UK, France, Italy, Nigeria, South Africa, Japan, Australia, Iran, Saudi Arabia, and the UAE. Some of the customers of the company are National Water & Electricity Company (NAWEC), Electricity Company of Togo (CEET), Nepal Electricity Authority (NEA), Power Grid Corporation of India Limited (PGCIL), and BSES Rajdhani Power Limited.
Laser Power & Infra (formerly Laser Cables Pvt. Ltd.) is engaged in the business of manufacturing & marketing of HT/LT power & control cable, aerial bunched cable, and ACSR/AAAC/AAC conductors for all industry verticals. It also manufactures LT PVC & XLPE power cables, LT PVC & XLPE control cables, current ratings PVC cables, current ratings XLPE cables, and HT XLPE power cables. Its products are used in industries such as power generation, railways, construction, and defense. Laser Power & Infra is equipped with the state-of-the-art machines, hardware, software, and infrastructure. Some of the customers of the company are Ethiopia Electric Power Corporation, Ceylon Electricity Board, ABB, Alstom, Siemens, Larsen & Toubro Ltd., Sterling and Wilson Pvt. Ltd., and Electrical Manufacturing Company Ltd.
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