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Power And Control Cable Market Market: Current Trends and Aspects | Furukawa Electric, Prysmian, Nexans, Southwire, Polycab, RPG Cables, DUCAB, Elsewedy Electricals, KEI, Riyadh Cables, Jeddah Cables, NKT A/S, Belden

04-16-2020 10:39 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: DecResearch.com

/ PR Agency: DecResearch.com
Power and Control Cable Market

Power and Control Cable Market

Power and Control Cable Market size exceeded USD 100 billion in 2019 and is anticipated to achieve over 8% up to 2026.Taking into account the product landscape, power and control cable market primarily comprises control cables and power cables. Power cable dominated the product segment by covering more than 80% of the total revenue share in 2016 and will exhibit noticeable growth rate over the coming seven years. The increasing usage of this product for various grid integration and infrastructure projects will generate noticeable revenue.

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The industrial and utility sectors are the prominent applications of power and control cable market. Industrial application segment is anticipated to record a CAGR of more than 8% over the years ahead. Growing industrialization along with the surging requirement for electricity will augment the Power And Control Cable Market growth. The utility application will surpass a revenue collection of USD 90 billion by 2024, owing to the surging installation of low voltage distribution substation to fulfill the energy requirement.

Leading Key Players in Power And Control Cable Market are: Prysmian, Nexans, Southwire, Polycab, RPG Cables, NKT A/S, DUCAB, Elsewedy Electricals, KEI, Riyadh Cables, Jeddah Cables, LS Cable & System, Sumitomo Electric Industries, Belden, and Furukawa Electric

Growth Drivers of Power And Control Cable Market:
o North America and Europe
o Stringent energy efficiency norms
o Refurbishment & retrofit of existing grid infrastructure
o Asia Pacific
o Rising peak load demand
o Expansion of micro-grid networks
o Grid stability & security of supply concerns
o Middle East & Africa and Latin America
o Increasing electricity demand
o Integration of a sustainable electrical network

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Increasingly growing urbanization would outline the industry demand through 2026. These markets will also witness significant growth through 2026 owing to increasing inclination towards hefty investments across smart infrastructure. Refurbishment of traditional T&D networks would add up to the overall market growth as well.
Speaking of the voltage segment, the high voltage power and control cable market is projected to observe substantial growth owing to mounting dependency of HV cables from bigger industries, which is inclusive of manufacturing facilities and power generation.

Expansion of mining and heavy metal industries coupled with the fast expansion of railway networks is expected to further create a favorable growth scenario for power and control cable market.

Table Of Content
Chapter 1 Methodology & Scope
1.1 Methodology
1.2 Market definitions
1.3 Market estimates & forecast parameters
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Power and control cable industry 3600 synopsis, 2015 - 2026
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Voltage trends
2.1.4 Application trends
2.1.5 Regional trends

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DecResearch.com, powered by Global Market Insights, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed 'Table of Contents' for reports being regularly published by GMI.

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