Global Belted Cable Market - Forecasts from 2023 to 2028

The global belted cable market is estimated to grow at a CAGR of 6.82% during the forecast period.

A belted cable is a type of cable that consists of multiple insulated wires or conductors that are wrapped in a flat or round belt-like structure. The belt material is typically made of paper, rubber, or PVC. It is used to hold individual wires in place and provide additional protection against abrasion, moisture, and other types of damage. The belted cables can be installed underground or overhead. Belted cables are used for power transmission and distribution systems in substations and load centers. They can transmit high voltages over long distances and provide better insulation, reducing the risk of electrical interference. The growing demand for energy-efficient and reliable power transmission and distribution systems and increasing investments in infrastructure development and smart grid systems are driving the demand for belted cables, thereby positively impacting their market growth.

The increasing number of substations is boosting the demand for belted cables.

Substations are critical components of electrical power systems that regulate and distribute power from the generation source to the end user. Belted cables are typically used to connect components, such as transformers, switchgear, and other equipment, to the power grid. Substations are subject to various electrical stresses, including voltage surges, electromagnetic interference, and lightning strikes. Belted cables are designed to provide a high level of protection against these stresses, helping to ensure that the power grid remains stable and reliable. The growing adoption of substations will boost the demand for belted cables. According to India Brand Equity Foundation, as on October 2022, 8651 ckm of intra-state transmission lines have been constructed, and 19,558 MVA intra-state substations have been charged. In 2020, the European Union announced plans to invest €100 billion in the development of new renewable energy projects, which are expected to require constructing thousands of new substations across the region. This demonstrates that belted cable holds a great demand in the future.

The growing adoption of load centers is boosting the global belted cable market growth.

Belted cables are used in load centers to connect transformers and other equipment as they provide reliable and efficient means of transmitting power. Load center infrastructures are often far from population centers and require extensive transmission and distribution networks to reach consumers. Belted cables are a key component of these networks, transmitting power over long distances while minimizing losses and ensuring reliability. Demand for belted cables is expected to increase owing to the increasing number of load centers. The International Energy Agency (IEA) estimated in its 2020 report that the number of distribution centers installed worldwide would increase by over 5 million units by 2040. The African Development Bank reported in 2020 that the number of people in Africa with access to electricity had increased to 43%, up from 23% in 2000, due in part to the expansion of power distribution systems in the region.

The Asia Pacific is expected to hold a significant market share throughout the forecast period.

The Asia Pacific region will account for a major market share due to the surge in electricity demand, the expansion of the power infrastructure, and the increasing construction of new power plants, load centers, and substations in major economies like China and India. In December 2021, West Bengal got a loan approval for US$ 135 million from the International Bank for Reconstruction and Development to improve the operational efficiency and reliability of electricity supply in selected regions in the state. In March 2022, State Grid Corp of China started the construction of two ultrahigh voltage power transmission projects with a total investment of 10.9 billion yuan ($1.7 billion) to increase transmission capacity, extend transmission distances and reduce transmission losses. Such growing developments will boost the demand for belted cables as they transmit low to medium voltages over long distances, thereby boosting regional market growth.

Products:

• BayEnergyCPR NYY-J 1-2x RE 0,6/1kV: Such power cables provided by BAYERISCHE KABELWERKE AG. are used in power stations, industrial, and switchgear plants, which are insensitive to occasional impacts of oils or fuels and have PVC insulations with copper conductors.
• 11 kv steel belt armor power cables: The product by Shanghai Jiukai Wire & Cable Co., Ltd. is a medium voltage power cable with single or multiple cores suitable for installation mostly on the ground, outdoors, indoors, transmission, and distribution lines.
• C5531: This low-voltage belted power cable provided by Belden is made with proprietary materials to withstand extreme weather conditions. It is also field tested to ensure it performs in the industrial space.

Market Segmentation:

By Voltage

• Low
• Medium

By Material

• Paper
• Rubber
• PVC
• XLPE

By Installation

• Underground
• Overhead

By End-Users

• Substations
• Load Centres

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• UK
• Germany
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• China
• Japan
• India
• South Korea
• Indonesia
• Thailand
• Other