HVAC Cables Market, By Voltage (110 kV - 220 kV and Above 220 kV), By Category (Overhead, Submarine, and Underground), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Jul 2024

Code : CMI7172

Pages :160

Formats :

Excel and PDF

Industry : Consumer Electronics

Market Concentration and Competitive Landscape

HVAC Cables Market Concentration By Players

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Green building growth and energy codes

Sustainability initiatives and stricter energy efficiency codes are driving increased HVAC cable demand. More construction projects are pursuing green building certifications that mandate the use of energy-efficient HVAC technologies. This often involves installing complex controls networks and integrated systems that rely on low-voltage wiring. At the same time, baseline energy codes for new buildings and major remodels have gotten substantially more stringent in recent cycles. Meeting current requirements generally demands HVAC equipment and design upgrades, which translate to greater cable needs. Contractors report installing 30-50% more cable in new projects versus a decade ago. Governments are also providing incentives for HVAC replacements and retro-commissioning projects targeting aged commercial and public buildings. More rigorous compliance testing under revised codes further boosts cable usage. As sustainability remains a key priority and codes evolve to reduce carbon footprints, the green building trend and regulatory changes are projected to lift HVAC cable consumption substantially in the coming years.

Key Players Insights