Markets

Mega trends all point in one direction: €7 trillion is to be invested in electrification worldwide as electricity demand will grow by 20%. It is a huge opportunity. Nexans positions all its operations across the electrification value chain, from Generation and Transmission to Distribution and Usages.

Voices of our customers

Electrifying the future

To grasp such a huge opportunity takes focus.
Our value growth markets are offshore wind farms, interconnections, utilities and buildings.

Offshore Wind Farm Opportunities

The development of offshore wind energy is still in its early stages, it already represents an important market for power cables. With major competitiveness improvements, strong acceptance, and regulatory push for renewables, a strong market growth is expected in the upcoming years. Equipment providers will have to manage increasingly complex projects (larger, deeper, farther from the shore), turning technology and risk management into key differentiators, both for them as well as for their customers.
Offshore Wind Farms

Cabling for Offshore Wind Farms

200 GW

TO BE INSTALLED BY 2030

+11.5%

GROWTH P.A.

€8 BN

MARKET BY 2030

Interconnections Opportunities

The growth drivers are the ever-increasing need for renewables and an already strong pipeline of large projects. The cable market is likely to face under-capacity in the short to medium term. Nexans will be focusing on optimizing its existing manufacturing footprint and funnelling investment ahead of carefully selected (and appropriately priced) projects benefiting from strong demand.
Interconnections

Cabling for Interconnections

72.000 KM

BY 2030

+14.3 %

GROWTH P.A.

€5 BN

MARKET BY 2030

Grid Opportunities

Massive investments of EUR 4.4 trillion globally by 2030 will be necessary for both grid development (70%) and renewal (30%) to face respectively electrification challenges and ageing of power grids.

Cabling for Grid

30 YEARS OLD

LIFETIME OF A CABLE

+4.2 %

GROWTH P.A.

€63 BN

MARKET BY 2030

Buildings Opportunities

Significant growth of the building cable market is expected in emerging countries, with a rising focus on safety. Contrast this with industrialized countries, where only players with the best knowledge of the end customers pain points and needs will be able to capture value. Notably this knowledge will come from building modernization and increasing connectivity. In both cases, Nexans work on differentiation through marketing and product innovation will be paramount to create value.
Buildings

Cabling for Buildings

+1.8 BN

INHABITANTS TO HAVE ACCESS TO ELECTRICITY BY 2030 (100% ELECTRIFICATION TO MEET PARIS AGREEMENT TARGET OF +2°C)

+3.6 %

GROWTH P.A

€81 BN

MARKET BY 2030

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