Medium Voltage Cables Market to Reach $54.2 Billion, Globally, by 2022

Medium Voltage Cables Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $54.2 billion by 2022, registering a CAGR of 6.5% during the period 2016-2022.Asia-Pacific was the largest market of medium voltage cables, accounting for around 36% of the market revenue in 2015. Increasing requirement of electricity due to rapid urbanization and industrialization is fueling the demand for medium voltage cables in the region.

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The overhead installation segment accounted for the largest market share of about 57% in 2015. Factors such as lower installation cost and easier maintenance in comparison to underground cables has led to its wider adoption, primarily in developing economies. However, the submarine installation is expected to be the fastest growing segment owing to increasing investments in the offshore wind generation technology for power generation. The underground segment is expected to grow at a notable pace on account of longer life, lower transmission losses, and limited space availability for new overhead installations.

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Key Findings of Medium Voltage Cable Market:
Asia-Pacific is the highest revenue-generating region in the global medium voltage cables market.
LAMEA is anticipated to be the fastest growing market during the forecast period.
In terms of market by installation, the submarine segment is likely to be the fastest growing segment during 2016-2022.
Renewable sector is estimated to be the fastest growing end-user segment during the forecast period.
The key players profiled in the report are Prysmian SpA, General Cable Corporation, Nexans, Dubai Cable Company Pvt. Ltd, NKT Cables, Brugg Cables, Sumitomo Electric Industries Ltd, Leoni, TPC Wire and Cable Corporation, and Southwire Company.

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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