Market Overview:
The global cables for mining market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electric power and rising investments in mining activities across the globe. In terms of type, the medium voltage cable segment is expected to hold a major share of the global cables for mining market during the forecast period. This can be attributed to its ability to transmit high power over long distances without any losses, which makes it suitable for use in large-scale industrial applications such as opencast mining and sub-surface operations.
Product Definition:
Cables for Mining are wires that are used to connect different parts of a mining machine. They are important because they allow the machine to function properly.
Medium Voltage Cable:
The global medium voltage cable, it's usage and growth factor in cables for mining market size was valued at USD 1.5 billion in 2016. The increasing demand for electricity coupled with the growing investments towards infrastructure development is expected to drive the industry over the forecast period.
China dominated the overall industry owing to a large number of power projects initiated and completed during 2014-2016 which contributed towards significant revenue generation globally.
Low Voltage Cable:
Low voltage cable is a flexible electrical conductor used to transmit electric power from one point to another. It consists of copper wires that are insulated by an insulating material, commonly PVC or rubber. The ends of the low voltage cables usually have female connectors that can be connected to other devices or outlets. Low voltage cables are widely used in mining for powering equipment such as crushing and screening machines, conveyor belts, air compressors etc.
The global low voltage cable.
Application Insights:
The global cables market is segmented by application into opencast mining, sub-surface operations and others. The other applications include construction, marine and railway. In 2017, the opencast mining segment dominated the overall industry with a revenue share of over 60%. This can be attributed to growing demand for steel from various industries including automobiles and construction which are majorly based on China and India.
Opencast mines require long distances between mine mouth & extraction site as well as between different sections of a mine owing to its extended extent in terms of horizontal & vertical depth underground. Longer cable lengths ensure reliable power supply during extractions at remote locations where there is no electricity or heavy electrical load present at the time of an emergency situation such as blackout or tripping circuit breakers due to short circuits caused due to tree roots etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 owing to the presence of large copper and gold reserves. China is one of the largest consumers of cables for mining operations due to its rapidly developing economy, which has led it to become a major manufacturing hub for electronics and electrical equipment. The country also mines significant amounts of coal, iron ore, bauxite, and silver. Thus, increasing demand from China is expected to drive regional growth over the forecast period.
Europe accounted for a significant share in terms of revenue as well as volume in 2017 owing to high demand from countries such as Germany and Russia that are heavily invested in cable development activities coupled with extensive mining operations across various metals including copper and zinc reserves present within Europe itself along with other Eastern European countries such as Romania & Bulgaria among others). However; low production levels coupled with limited imports & exports between individual economies resulted into low volumes being shipped hence resulting into relatively lower revenue generation compared to Asia Pacific or North America regions during same year (2017).
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This will lead to an increase in the demand for cables used in these vehicles, thereby driving the growth of the cables for mining market.
- Rising investment in renewable energy: The global investment in renewable energy is expected to grow at a CAGR of more than 12% during the forecast period. This will lead to an increase in the demand for cables used in renewable energy installations, thereby driving the growth of the cables for mining market.
- Growing urbanization and industrialization: The global population is increasingly moving towards urban areas, leading to rapid industrialization and consequent growth in electricity consumption across sectors such as transportation, manufacturing, and construction. This will create opportunities for players operating in the cables for mining market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cables for Mining Market Research Report
By Type
Medium Voltage Cable, Low Voltage Cable
By Application
Opencast Mining, Sub-surface Operations
By Companies
Eland Cables, Jiangnan Cable, Cleveland Cable, Prysmian Group, NYX Cable, BESL, Connect Cable, Custom Designed Cables Ltd, Palazzo Baldini, Tratos
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
128
Number of Tables & Figures
90
Customization Available
Yes, the report can be customized as per your need.
Global Cables for Mining Market Report Segments:
The global Cables for Mining market is segmented on the basis of:
Types
Medium Voltage Cable, Low Voltage Cable
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Opencast Mining, Sub-surface Operations
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Eland Cables
- Jiangnan Cable
- Cleveland Cable
- Prysmian Group
- NYX Cable
- BESL
- Connect Cable
- Custom Designed Cables Ltd
- Palazzo Baldini
- Tratos
Highlights of The Cables for Mining Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Medium Voltage Cable
- Low Voltage Cable
- By Application:
- Opencast Mining
- Sub-surface Operations
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cables for Mining Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cables for mining are used to transport coal, oil and other minerals from the mine to the processing plant.
Some of the major companies in the cables for mining market are Eland Cables, Jiangnan Cable, Cleveland Cable, Prysmian Group, NYX Cable, BESL, Connect Cable, Custom Designed Cables Ltd, Palazzo Baldini, Tratos.
The cables for mining market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cables for Mining Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cables for Mining Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cables for Mining Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cables for Mining Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cables for Mining Market Size & Forecast, 2018-2028
4.5.1 Cables for Mining Market Size and Y-o-Y Growth
4.5.2 Cables for Mining Market Absolute $ Opportunity
Chapter 5 Global Cables for Mining Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Cables for Mining Market Size Forecast by Type
5.2.1 Medium Voltage Cable
5.2.2 Low Voltage Cable
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cables for Mining Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Cables for Mining Market Size Forecast by Applications
6.2.1 Opencast Mining
6.2.2 Sub-surface Operations
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cables for Mining Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cables for Mining Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Cables for Mining Analysis and Forecast
9.1 Introduction
9.2 North America Cables for Mining Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Cables for Mining Market Size Forecast by Type
9.6.1 Medium Voltage Cable
9.6.2 Low Voltage Cable
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Cables for Mining Market Size Forecast by Applications
9.10.1 Opencast Mining
9.10.2 Sub-surface Operations
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Cables for Mining Analysis and Forecast
10.1 Introduction
10.2 Europe Cables for Mining Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Cables for Mining Market Size Forecast by Type
10.6.1 Medium Voltage Cable
10.6.2 Low Voltage Cable
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Cables for Mining Market Size Forecast by Applications
10.10.1 Opencast Mining
10.10.2 Sub-surface Operations
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Cables for Mining Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cables for Mining Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Cables for Mining Market Size Forecast by Type
11.6.1 Medium Voltage Cable
11.6.2 Low Voltage Cable
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Cables for Mining Market Size Forecast by Applications
11.10.1 Opencast Mining
11.10.2 Sub-surface Operations
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Cables for Mining Analysis and Forecast
12.1 Introduction
12.2 Latin America Cables for Mining Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Cables for Mining Market Size Forecast by Type
12.6.1 Medium Voltage Cable
12.6.2 Low Voltage Cable
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Cables for Mining Market Size Forecast by Applications
12.10.1 Opencast Mining
12.10.2 Sub-surface Operations
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Cables for Mining Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cables for Mining Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Cables for Mining Market Size Forecast by Type
13.6.1 Medium Voltage Cable
13.6.2 Low Voltage Cable
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Cables for Mining Market Size Forecast by Applications
13.10.1 Opencast Mining
13.10.2 Sub-surface Operations
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cables for Mining Market: Competitive Dashboard
14.2 Global Cables for Mining Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Eland Cables
14.3.2 Jiangnan Cable
14.3.3 Cleveland Cable
14.3.4 Prysmian Group
14.3.5 NYX Cable
14.3.6 BESL
14.3.7 Connect Cable
14.3.8 Custom Designed Cables Ltd
14.3.9 Palazzo Baldini
14.3.10 Tratos
