Global Medium Voltage Cables Market: mainly propelled rising need for renewable energy generation
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Growing demand for electricity owing to rapid urbanization & industrialization fuels, the global medium voltage cables market
Rising electricity demand worldwide, and necessity of increasing power generation and expanding wind sector are the global medium voltage cables market trends. Though, lack of skilled professionals for handling, and fluctuating material costs are the constraint for the global medium voltage cables market growth. Furthermore, implementation of smart grid technology, new innovations and technological advancements in order to decrease cost production for medium voltage cables would generate profitable opportunities for the global market.
The segmentations considered in the global medium voltage cables market are installation, end-user, and geography. By installation, the market is bifurcated into underground, submarine, and overhead. Moreover, end user segment comprises industrial (oil & gas, metals and mining, chemicals and petroleum, cement and manufacturing, utilities, and others), renewable sector (wind and solar), and infrastructure (transportation, and commercial)
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On the basis of geography, global medium voltage cables market is categorized into North America, Europe, Asia- Pacific, and Rest of the World (RoW). North America is further segmented into U.S., Canada, and Mexico whereas Europe segment includes of UK, Germany, France, Italy, and others. Asia-Pacific is bifurcated into India, China, Japan, South Korea, and others while RoW segment consist Middle East, South America, and Africa.
Overhead, by installation occupied the largest global medium voltage cables market share in the year 2017
In the year 2017, Overhead anticipated the Installation segment with largest market share during the forecast period and is anticipated to continue its trend throughout the forecast period 2017 – 2025 owing to enlarged usage in developing countries on account of lower costs and easy maintenance.
Industrial segment, by end use anticipated to lead the maximum share during the forecast period.
In the end user, Industrial will attain largest market share during the forecast period 2017 – 2025 owing to Investments in power transmission and distribution. Furthermore, renewable sector is anticipated to achieve the fastest CAGR over the forecast period.
Asia-Pacific dominated the leading share in the global medium voltage cables market
In the year 2016, Asia-Pacific generated the revenue accounting for 37.0% and anticipated to attain the fastest CAGR during the forecast period, driven by the factor such as investments in smart grid technology in countries such as China, India, Japan, and Australia.
Key players profiled in the report include Sumitomo Electric Industries Ltd., General Cable Technologies Corporation, NKT Cables, General Electric Company, Prysmian SpA, Brugg Cables, Nexans, Siemens AG, and ABB Ltd., Dubai Cable Company Private Limited, among others.
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Scope of the Global Medium Voltage Cables Market
o Oil & Gas
o Metals and Mining
o Chemicals and Petroleum
o Cement and Manufacturing
• Renewable Sector (Wind and Solar)
• Infrastructure (Transportation and Commercial)
• North America
o Rest of Europe
o South Korea
o Rest of Asia-Pacific
o South America
o Middle East
About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2025.
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