Key vendors to engage in mergers and acquisitions to gain market shares.
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global overhead cables market in their latest research report. This report also lists 10 other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.
Competitive vendor landscape
The global overhead cables is highly competitive in nature. The market space is characterized by the presence of several well-diversified, international, regional, and local vendors. Several regional vendors provide highly customized cables at a price lower than the global players, which helps bring down the overall market price.
According to Anju Ajaykumar, a lead analyst at Technavio for research on unit operations, “Technavio market research analysts predict the competition in the market to intensify further during the forecast period. The competition is likely to be fueled by an increase in product extensions, technological innovations, and mergers and acquisitions.”
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Top five vendors in the overhead cables market space
General Cable
General Cable is a leading vendor for wires and cables. The company operates in five business segments, namely electric utility, electrical infrastructure, construction, communication, and rod mill products. The company has manufacturing setups in more than 25 countries and sells its products through a network of regional distribution centers throughout the world.
Key products: E3X Technology, Transmission Conductor and Cables, Distribution Conductor and Cables, Substation Cables, Generation Station Cables, Compounds, Aluminum Building Wires, Copper Building Wires, Instrumentation Cables, Multi-Conductor Control and Power Cables, Low-Voltage Power Cables 600 V/ 2,000 kV, Medium-Voltage Industrial Cables 2.4 kV-35 kV, Industrial Automation Cables, and Armored Cables.
Nexans
Nexans manufactures cables for various industries. The four main business areas catered to by the group are power transmission and distribution, energy and resources, transportation, and buildings. The company is also a member of the Europacable, an organization that continuously works toward the development of high-quality cables.
Key products: Low Skew Cables, Temporary Site Cables, Insulated Wire Conductors, Industrial Ethernet Cables, Transceivers, Loose Tube Fibers, Tight Buffered Fibers, and Interlocking Armor Fibers.
NKT Holding
NKT Holding is an industrial conglomerate that specializes in cleaning equipment, power cables, and high-tech photonic products. The company is listed on the Copenhagen Stock Exchange and operates through three business units, namely Nilfisk, NKT Cables, and NKT Photonics.
Key products: Low voltage – building wires, Low voltage – harmonized cables and wires, Low voltage – 1 kv cables, Medium-voltage cables, Medium-voltage accessories up to 72 kV, High- and extra high-voltage onshore cables, and High- and extra high-voltage offshore cables.
Prysmian Group
Prysmian Group designs cables for various end-users. It offers energy cables and systems for industrial applications and the distribution of electricity to residential and commercial buildings. Also, it offers telecom cables and systems for video, data and voice transmission. The company has three wholly owned subsidiaries, namely Prysmian Angel Tianjin Cable, Prysmian Cable (Shanghai), and Prysmian Wuxi Cable.
Key products: HV Accessories – XLPE Cables, HV Accessories – Fluid Filled Cables, Single-core Cables, Multi-core Screened Cables, and CAN Bus Cables.
Sumitomo Electric Industries
Sumitomo Electric Industries manufactures and sells electric wires and optical fiber cables, related to automotive, electronics, info-communications, industrial material, and environment and energy. The company believes in the continuous expansion of its portfolio through mergers and acquisitions.
Key products: Wiring harnesses and electrical components, Wiring harnesses and electrical components, Wiring materials, Magnet wires, Sintered parts, Products from electronic devices, and Aluminum materials.
A more detailed analysis is available in the Technavio report, Global Overhead Cables Market 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.
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