The underground cabling EPC market will be substantially driven by the advancing lifestyles and rising aesthetic proximities across residential areas in the current industrial scenarios. A surging need for reliable as well as safe cable and wire management systems can be witnessed across the utility establishments.

In addition, customized product configurations and integrations have made way for associated regulatory updates and reforms. There are also significant developments in regional alignment for the incorporation of renewable electricity networks apart from electrification across the grid isolated areas.

A recent report by Global Market Insights, Inc. stated that the global underground cabling EPC market size is estimated to reach nearly USD 19 billion by 2024.

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Below mentioned trends will play a pivotal role in reshaping the business landscape:

Operational efficiencies from three-core cables

Industry share of the three-core cable configuration segment accounted for a substantial remuneration. This is mainly owing to the rising demand for large-scale retrofitting as well as refurbishment of the industrial electric infrastructure across emerging countries. Besides, effective power supply and operational safety with the help of reduced overall losses are some of the primary features offered by this set-up. However, the establishment of three core cable constructions for electric infrastructure that ranges above 66kV can get quite bulky, causing higher costs for the required insulation.

Strong preference for belted unit construction

The belted unit underground cabling EPC industry is expected to gain momentum in the coming years. This can be attributed to its excellent flexibility, higher insulation, and unique design configurations. The incessant need for a secure and safe electricity supply that brings minimal environmental damages has pushed cable manufacturers to take up the enhancement of these units.

High voltage cabling to see higher demand

Global revenue from the 33 kV underground cabling EPC components is set to reach a prominent growth number on account of their increasing penetration in the oil & gas, electric power, and health care sectors. This can be owed to their operational proximity, compact sizes as well as lower installation costs. Several developed countries are also constantly working towards the installation of underground cables to bear the distribution losses caused by the overhead cables.

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Increasing adoption of direct buried underground cables

Demand for direct buried underground cables is anticipated to grow at a commendable rate up to 2024 considering their robust configurations to sustain extreme operational environments. The cables also offer product specifications like shock-absorbing gel coating, sheathing of heavy metal bands, and thread-fortified waterproof tape wrapping, leading to their increasing adoption in the near future.

Europe to record significant presence

Europe is a significant shareholder in the underground cabling EPC market and is pegged to achieve close to USD 7,000 million by 2024. The expansion can be attributed to the rising commercialization and investments in utility base developments as well as industrial electrification networks in the region. There are also increasing efforts across the continent to modify the overhead cables into aerial bunched electrical lines and underground infrastructure.

Providers of underground cabling EPC solutions are focusing on new launches and strategies such as acquisitions, partnerships, and mergers to sustain the increasing competition, particularly in the present COVID-19 pandemic. For instance, in January 2021, Ampacimon, a leading company, acquired Diael, an underground cable monitoring specialist. The collaboration is expected to help both the companies to extend their services range and reinforce their positions in the market. 

The surge in measures to attain an energy-efficient environment has resulted in growing efforts towards the integration of highly insulated cable infrastructures. The rising demand for EHV cables and higher investments led by government and private bodies will further add positive impetus to the industry expansion.

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