Philippines Power Cable Market Outlook (2023-2029) | Analysis, Trends, Growth, Size, Value, Forecast, Share, Companies, COVID-19 IMPACT, Industry & Revenue

Philippines Power Cable Market | Country-Wise Share and Competition Analysis

In the year 2021, China was the largest exporter in terms of value, followed by Viet Nam. It has registered a growth of 69.05% over the previous year. While Viet Nam registered a growth of 290.14% as compared to the previous year. In the year 2017, China was the largest exporter followed by China, Hong Kong SAR. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, the Philippines has a Herfindahl index of 1519 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of  1936 which signifies moderately concentrated in the market.

Philippines Power Cable Market - Export Market Opportunities

Topics Covered in the Philippines Power Cable Market

The Philippines Power Cable Market report thoroughly covers the market by installation type, by voltage and by end-use. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Philippines Power Cable Market Synopsis

The Philippines Power Cable Market is estimated to gain traction in the country underpinned by the rising energy consumption in residential, industrial, and commercial sectors. Moreover, the rising government focuses on the development of renewable energy infrastructure that requires specialized power cables to handle high power capacities. the growing population is increasing electricity demand, which will increase power distribution and transmission network setups, and the demand for power cables will simultaneously increase.

According to 6Wresearch, the Philippines Power Cable Market size is estimated to witness considerable growth during the forecast period 2023-2029. The market is driven by the rising following growth proliferating factors such as rising electricity access in rural areas, as a result, the setups of the power grid will increase and simultaneously the demand for power cables also increase. Additionally, the government is spending more on upgrading power grids to enhance power transmission efficiency and reliability. Also, the growing industrial sector operations in the country are leading to increasing electricity demand, as a result, more electrical system setups with high-voltage power supply need. This drives the demand for advanced power cables that can handle high power transmission capacity. These are some aforementioned factors estimated to bolster the growth of the Philippines Power Cable industry in the coming years.

COVID-19 Influence on the Philippines Power Cable Market

The pandemic had caused a reduction in the power cables demand underpinned by the restriction on the product supply and ceased industrial and commercial operations at a tremendous rate, this led to the decline in the Philippines Power Cable Market share.  Moreover, power plant development was also ceased which declined the power cables demand. Due to travel barriers, this made the raw material movement difficult which slowdown the manufacturing process, also many construction projects were put on hold was one of the measures reduced the power cables demand.

Key Players in the Philippine Power Cable Market

Several key players in the market exist who are specialized in the manufacturing of premium quality power cables ranging from low voltage to high voltage.

• Phelps Dodge Philippines Energy Products Corporation is a well-known manufacturer of power cables in the country and offers a range of cables for different industries.
• Philippine Electric Corporation (Philec) is a leading manufacturer of power cables which include, copper and aluminum cables.
• Prysmian Group has a wide presence throughout the world, and has widely known in the country. Who deals in ranges of power cables used for power transmission and distribution.
• Nexans again has a wide presence in the country and across the world, it is a well-established cable provider, that deals in spectrum range from low voltage to high voltage cables.

The Future of the Philippines Power Cable Market

The future of the Philippines Power Cable Market which is a part of the Asia Pacific power cable market will be positive due to some latest developments ongoing in the market. One of them is the rising setups of power transmission and distribution systems to widen the electricity access in rural areas, this drives the power cables demand. Additionally, construction of the commercial sectors in the country leads to increasing electrification systems installation, which will create a positive impact on the power cables demand. In addition to this, industrial sectors including, manufacturing and construction driving electricity consumption requires specialized power cables to ensure an uninterrupted and efficient power supply is estimated to create the opportunity to market growth.

Market Analysis by Voltage

Based on voltage, it is difficult to specify which is dominating in the country, as each segment is used specifically in different industries to serve different purposes with applications. However, their demand is influenced by various factors such as government initiatives, and energy demand.

Market Analysis by End Use

According to Nitesh Kumar, Research Manager, 6Wresearch, the industrial and utility sectors are currently experiencing exponential growth in the country with the widening of the industrial landscape tend to increase electricity consumption simultaneously with power cables demand. 

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Philippines Power Cable Market Outlook
• Market Size of Philippines Power Cable Market, 2022
• Forecast of Philippines Power Cable Market, 2029
• Historical Data and Forecast of Philippines Power Cable Revenues & Volume for the Period 2019 - 2029
• Philippines Power Cable Market Trend Evolution
• Philippines Power Cable Market Drivers and Challenges
• Philippines Power Cable Price Trends
• Philippines Power Cable Porter's Five Forces
• Philippines Power Cable Industry Life Cycle
• Historical Data and Forecast of Philippines Power Cable Market Revenues & Volume By Installation Type for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Power Cable Market Revenues & Volume By Overhead for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Power Cable Market Revenues & Volume By Underground for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Power Cable Market Revenues & Volume By Submarine for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Power Cable Market Revenues & Volume By Voltage for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Power Cable Market Revenues & Volume By Low for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Power Cable Market Revenues & Volume By Medium for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Power Cable Market Revenues & Volume By High for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Power Cable Market Revenues & Volume By End Use for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Power Cable Market Revenues & Volume By Residential for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Power Cable Market Revenues & Volume By Commercial for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Power Cable Market Revenues & Volume By Industrial for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Power Cable Market Revenues & Volume By Utilities for the Period 2019 - 2029
• Philippines Power Cable Import Export Trade Statistics
• Market Opportunity Assessment By Installation Type
• Market Opportunity Assessment By Voltage
• Market Opportunity Assessment By End Use
• Philippines Power Cable Top Companies Market Share
• Philippines Power Cable Competitive Benchmarking By Technical and Operational Parameters
• Philippines Power Cable Company Profiles
• Philippines Power Cable Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Installation Type

• Overhead
• Underground
• Submarine

By Voltage

• Low
• Medium
• High

By End Use

• Residential
• Commercial
• Industrial
• Utilities