Press release
Power Transmission Cables Market: Industry Challenges, Growth Analysis, Growth by Leading International Manufacturers with its Applications by Forecast to 2022
Power Transmission Cables are typically used to carry the electricity from generating units to the end users. Rising inclusion of renewable power resources, high quality and uninterrupted electricity, upgradation of aging grid infrastructure result in the growth of the power transmission cables market. Rapid urbanization and industrialization are the major factors in the Global Power Transmission Cables Market. Power Transmission Cables market is expected to register a high growth of around 6.5% CAGR in the next six years.
Bulk transmission of electricity with tiniest line losses has always been precarious issue. High capacity transmission lines & towers play a vital role in expediting such issues. Advent of green energy revolution has significantly raised the global funding across the power transmission towers market. Adoption of HVDC and UHVDC systems over conventional HVAC systems will further impact the business outlook over the forecast timeframe.
Industry Top Key Players:-
• General Cable Technologies Corp.
• Southwire Co. LLC
• Zhejiang Shengda Steel Tower Co. Ltd.
• KEC International Ltd.
• Kalpataru Power Transmission Ltd.
• Nexans S.A.
• Prysmian S.p.A.
• Shandong DingChang Tower Co. Ltd.
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Power Transmission Cables Global Market – Segmentation
The scope of global Power Transmission Cables market is segmented into two major segments which are explained below:
• By Installation
o Overhead
o Underground
o Submarine
• By Voltage
o Medium
o High
• By Users
o Utility
o Industrial
Industry News:-
In December, 2017 – Prysmian Group, world leader in the energy and telecom cables and systems industry, has been awarded a contract worth more than €150 million by the Filipino grid operating company NGCP (National Grid Corporation of the Philippines) for the design, supply, installation and commissioning of two submarine power cable connections between the islands of Cebu and Negros in the Philippines.
In December , 2017 – Prysmian Group, world leader in the energy and telecom cable systems industry, has been awarded a new contract worth in the region of €80 million by EWA (Electricity and Water Authority of the Government of the Kingdom of Bahrain) to develop a new 400 kV cable loop circuit. As part of EWA’s strategic 400 kV Transmission Development programme (2009 – 2013), this project adds a crucial link to the infrastructure of the Kingdom of Bahrain and is the first 400 kV XLPE submarine cable to be installed in the GCC (Gulf Cooperation Council) Region.
In December, 2017 – Prysmian Group and General Cable Corporation announced that they have entered into a definitive merger agreement under which Prysmian will acquire General Cable for USD 30.00 per share in cash.
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Regional Analysis of Global Power Transmission cables Market
Asia Pacific held the largest share within the Power Transmission cables market, and is expected to retain its majority by 2022. This region is expected to be fastest growing market for power transmission cables. China and India are the main drivers for the growth in Asia Pacific region. North America was the second largest market for power transmission cables in 2014. Hugh investments in power transmission infrastructure by Saudi Arabia and others countries are expected to drive the market in the Middle East. Middle East is expected to be second fastest growing market for transmission cables.
Target Audience
• Power Transmission cables service providers
• Industry Associations and Publications
• Investment bankers and M&A Consultants
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