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Global market trend 2022-2026 Reduced power supply capacity due to high temperatures in many European countries has affected the jacob glands market by Newsworldwidehomestay

Reduced power supply capacity due to high temperatures in many European countries has affected the jacob glands market

In the third week of July, many European countries saw record heat. The extreme heat in Western Europe has led to "devastating wildfires" in France and Spain, and unprecedented droughts in Italy, Portugal and Norway, with temperatures in some countries remaining above 40 degrees Celsius for several consecutive days and even topping 46 degrees Celsius at one point.

The hot weather was accompanied by a number of Nuclear power plants in Europe "shutdown." In the second week of July, EdF announced that it would temporarily limit output from its two nuclear power plants on the Rhone River, bloomberg reported, citing extreme heat that has increased cooling water temperatures and limited the plant's capacity.

In addition, the prolonged heat wave has lowered the water level of many European rivers and threatened the hydropower capacity. Norway's reservoirs were only 59.2 per cent full in the first week of July, below the average of the past 20 years, and only 45.5 per cent full in south-west Norway, according to the Norwegian Water and Energy Agency. Statkraft, Norway's largest power producer, has been forced to reduce hydropower capacity, Reuters reported.

In addition to Europe, extreme heat is also affecting other parts of the world. In July, southwestern states such as California and Texas experienced a series of extreme heat waves. Among them, Texas, many places in a row of temperatures over 38 degrees Celsius, high heat and no wind weather directly lead to the state's power supply "main" one of the wind power generation decreased significantly. In Fresno, California, 2,800 residents temporarily lost power after an underground cable facility was damaged by high temperatures, and the city had to add public "shade" facilities, ABC reported.

Other countries, including Iran, Japan, India and Tunisia, are also experiencing extreme weather, with temperatures in the Tunisian capital topping 48 degrees Celsius at one point, breaking records in nearly 40 years.

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The jacob glands industry background

The jacob glands industry background Wire and cable are widely used in all departments of the national economy, which is the fundamental guarantee for the regular operation of the modern economy and society. The development level of the wire and cable industry is also a symbol and epitome of a country's manufacturing level. Europe, America and Japan, such as developed countries, early industrialization at the end of the 20th century, have formed a mature cable industry chain . Contributed to most of the global jacob glands capacity and demand at that time, still occupied an important position in the worldwide supply and marketing, leading the industry's development and monopolizing the global high-end market.

T he global demand of jacob glands

According to the use scenario, the commonly used international jacob glands divide into two categories indoors and outdoor. Outdoor jacob glands due to wind and snow and environmental climate, working conditions, so its structure is more complex. Indoor jacob glands working conditions are better and do not need a waterproof device. The cable core can directly connect with equipment. At present, indoor and outdoor jacob glands for 10KV and below and outdoor cables sometimes use metal jacob glands . According to data released by CRU, in 2021, global demand for metal jacob glands (conductor weight) slowed significantly due to weak demand in China, with 19 million tons in 2021, up nearly 1% year on year. CRU reported in December 2022 that the global market for jacob glands except in China would shrink by almost double digits in 2021 due to the impact of the pandemic.While market demand is recovering, early weakness will drive double-digit declines in multiple regions in 2021. As a result, the global need for insulated metal jacob glands will shrink by about 5% -6% yearly. According to preliminary estimates, the global demand for metal-insulated wires and cables will fall to 17.86 million tons in 2022.

The global market of jacob glands may be shrinking

The wire and cable market size are above 20 billion dollars as one of the most important manufacturing industries globally. From 2018 to 2021, the market size of the global wire and cable industry generally showed a trend of fluctuation. According to the data released by CRU, the market size of the international metal cable industry was $161 billion in 2019.Up slightly to $172 billion in 2020. The global market size fell slightly to $164 billion in 2021 due to falling demand in China. According to preliminary estimates, the global metal jacob glands market in 2022 was affected by the epidemic, shrinking demand, with market size of $152 billion.

The market share of jacob glands

In recent years, the economic growth of emerging countries and other Asian countries has been fast. The production focus of the world wire and cable production has shifted to Asia, which has driven the rapid development of the wire and cable industry in China, Vietnam, the Philippines and Egypt in the Middle East.According to the report released by the CRU, the outbreak in 2021 led to different effects on the world's other parts except for China. Combined with multiple market data, we summarize the overall development of the power cable industry in the global scope. Manifested by the rapid rise in Asia, the slight decline in America, and the unstable growth in Europe in recent years, which is greatly affected by economic and political factors. The Asia-Pacific region accounts for about 49% of global consumption, while Europe and the Americas account for 15% and 10%.

The Global Market Distribution of jacob glands

After years of developing the wire and cable industry in developed countries, especially in the face of fluctuations in raw material prices, small enterprises gradually withdrew from the market, and the industrial concentration increased significantly. The top 10 American cable manufacturers (GM, Best, Corning, South, etc.) occupy about 70% of the market share. Seven Japanese cable enterprises (such as Wuhe, Sumitomo, Tengcang, Hitachi, Showa, etc.) account for more than 65% of the market share. Five French cable enterprises (Nexan, etc.) occupy the French market turnover, occupying more than 90% of the French market share. And China's entire wire and cable industry concentration is deficient. CR10 is 17.7%.

Emerging markets for jacob glands

In 2021, the global jacob glands market was in turmoil due to the COVID-19 pandemic. As the global economy recovers, China invests in new energy and infrastructure construction, and the global jacob glands market is expected to recover in 2021. The global metal jacob glands market will rebound to $180 billion in 2022.However, in the medium term, the global wire and cable industry will return to healthy growth, driven by government and private investment, after the end of COVID-19 but slowing slightly from the previous five years. Among them, represented by Africa and Southeast Asia, the rapid development of emerging market economies will accelerate their construction, infrastructure, utilities, and industrial development activities. These activities will provide the substantial upward potential for emerging market wire and cable demand. Emerging market demand growth will continue to support the recovery and growth of global demand.

According to the CRU forecast, after 2023, the international wire and cable industry market demand will recover to the level of 2019. The international wire and cable market is expected to expand at an annual growth rate of 5% from 2022 to 2026. The global jacob glands industry market will reach $230 billion in 2026.

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Yueqing Bolun Electric is an industrial and trade enterprise specializing in the resarch & development of Cable gland , Explosion-proof armored connector, Marine stuffing box,Hose connector and other cable accessories.

Talk to Bolun Cable gland when you need a connector that isn't standard! Our Engineered Solutions team is dedicated to developing application-specific custom cable glands to meet your precise specifications.

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Address:Zhiguang Industrial Zone, Liushi city, Yueqing City, Zhejiang Province

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