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  3. OPGW Cable Market Segmentation By Application - Below 220 KV, 200-500 KV, and Above 500 KV; Type - Layer Stranding Structure, Loose Tube Structure

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OPGW Cable Market - Snapshot

According to a new market report published by Transparency Market Research titled “OPGW Cable Market–Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,” the global OPGW cable market is expected to reach US$ 797.1 Mn by 2026. The market is projected to expand at a CAGR of 5.07% during the forecast period from 2018 to 2026.According to the report, the global OPGW cable market will continue to be influenced by the growing demand for electricity from emerging economies, especially China and India. The Asia Pacific region is projected to be at the forefront of global demand, with the market in the region growing at a CAGR of above 5.8% through 2026.

220-500 KV segment expected to be more lucrative for the global OPGW cable market

The global OPGW cable market is segmented on the basis of application into below 220 KV, 220-500 KV, and above 500 KV. In 2017, the 220-500 KV segment was seen to be a major revenue generating segment. 220-500 KV segment includes the OPGW cables used along with the transmission lines carrying voltages in the range of 220 KV, 345 KV, and 400KV. Transmitting power at these voltage levels results in lower value of current which reduces the losses arising out of skin effect, corona, and impedance and ensures higher transmission efficiency. The 200-500KV segment is expected to expand at a significant CAGR of 5.24% over the forecast period.

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Layer stranding structure segment expected to dominate the OPGW cable market around the globe

Based on type, the market has been divided into layer stranding structure and central tube structure. In 2017, the layer stranding structure segment was the topmost revenue generating segment due to its widespread use by electric utility companies. The layer stranding structure ensures better flexibility, higher data bandwidth due to increased number of fiber optics carrying capacity, and has a rugged construction. The layer stranding structure segment is expected to expand at the fastest CAGR of 5.18% from 2018-2026.

Asia Pacific expected to continue to hold significant share in the overall market

In terms of geography, the market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. In 2017, Asia Pacific was the topmost revenue generating region followed by North America. The market in Asia Pacific is expected to expand at the highest CAGR from 2018 to 2026 due to the growing demand for electricity and broadband from developing countries such as India and China.

The market in Europe is projected to expand at a significant CAGR during the forecast period. Additionally, many key players in the cable industry are entering into strategic partnerships to improve their market presence and increase their client base.

The OPGW cable market is gaining traction in the South America region due to the improvement in economic health of the region and increasing demand for internet and increased electricity generation. Additionally, various key players in the OPGW cable market are investing in the region for the installation of OPGW cable in transmission networks.

Prysmian Group, Fujikura Group, Furukawa Electric Co., Ltd., Sumitomo Electric Industries, Ltd., Sterlite Technologies Limited, ZTT International, and Tratos among others are some of the major players operating in the OPGW cable market profiled in this study. Details such as financials, SWOT analysis, business strategies, recent developments, and other such strategic information pertaining to these players have been duly provided as part of company profiling. Key market players are establishing partnerships, entering into strategic M&A, and expanding to enhance their OPGW cable offerings worldwide.

The global OPGW cable market is segmented as follows:

OPGW Cable Market, by Application

  • Below 220 KV
  • 220-500 KV
  • Above 500 KV

OPGW Cable Market, by Type

  • Layer stranding structure
  • Central tube design

Global OPGW Cable Market, by Geography

  • North America
    • The U.S.
    • Canada
    • Rest of North America
  • Europe
    • The U.K
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • Japan
    • India
    • China
    • Rest of APAC
  • Middle East & Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of MEA
  • South America
    • Brazil
    • Rest of South America

OPGW Cable Market - Overview

The “OPGW Cable Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026” report provides analysis of the OPGW cable market for the period 2016–2026, wherein the years from 2018 to 2026 is the forecast period and 2017 is considered as the base year. Data for 2016 has been included as historical information. The report covers all the trends and technologies playing a major role in the growth of the OPGW cable market over the forecast period. It highlights the drivers, restraints, and opportunities expected to influence the market growth during this period. The study provides a holistic perspective on the market’s growth in terms of revenue (in US$ Mn) across different geographical regions, namely North America, Europe, Asia Pacific, Middle East & Africa, and South America. The report highlights the key trends affecting the market on a global scale. Region wise prominent countries/regions covered in the report includes the U.S, Canada, Germany, France, the U.K, India, China, Japan, GCC countries, South Africa, and Brazil.

This report analyzes and forecasts the market for OPGW cables at the global and regional level. The market has been forecasted based on revenue (US$ Mn) from 2018 to 2026. The study includes drivers and restraints of the global OPGW cable market. It also covers the impact of these drivers and restraints on the OPGW cable market during the forecast period.

The report comprises a detailed ecosystem analysis which provides a comprehensive view of the global OPGW cable market. Porter’s Five Forces model has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.

Global OPGW Cable Market: Taxonomy

This research study on the global OPGW cable market provides a detailed cross segment and cross country analysis based on the different segments including application and type. Based on application, the market has been segmented below 220 KV, 220-500 KV, and above 500 KV. Based on type, the market has been divided into layer stranding structure and central tube structure. In 2017, the layer stranding segment was the topmost revenue generating segment.

Global OPGW Cable Market: Research Methodology

Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, national government documents, statistical databases, and market reports, Factiva, etc.

Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on the market size, market trends, growth trends, competitive landscape, and outlook, etc. These help us to validate and strengthen secondary research findings. These also help to develop the analysis team’s market expertise and understanding.

Global OPGW Cable Market: Competitive Dynamics

The report covers well-established players including Prysmian Group, Fujikura Group, Furukawa Electric Co., Ltd., Sumitomo Electric Industries, Ltd., Sterlite Technologies Limited, ZTT International, and Tratos. The key players can be seen to form strategic partnerships with various peers in order to improve their client base globally and strengthen their brand positioning. In June 2018, Prysmian Group completed the acquisition of General Cable Corporation, a U.S.-based developer of copper, aluminum, and fiber optic wires and cables. Prysmian Group acquired the firm by acquisition of all shares of General Cable for US$ 30.00 per share.

Global OPGW Cable Market:

OPGW Cable Market, by Application

  • Below 220 KV
  • 220-500 KV
  • Above 500 KV

OPGW Cable Market, by Type

  • Layer Stranding Structure
  • Central Tube Structure

OPGW Cable Market Analysis, by Country/Region

  • North America
    • The U.S.
    • Canada
    • Rest of North America
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • India
    • Japan
    • China
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East &Africa
  • South America
    • Brazil
    • Rest of South America
.