Medium Voltage Cables Market - Analysis of Current Industry Figures with Forecasts Growth By 2022 | ABB LTD., Tele Fonika Cable Ltd., Kabelwerke Brugg AG

Allied Market Research published a new report, titled, "Medium Voltage Cable Market". The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

Medium Voltage Cables Market by Installation and End User: Global Opportunity Analysis and Industry Forecast, 2015 - 2022," Global medium voltage cables market is expected to reach at $54.2 billion by 2022, registering a CAGR of 6.5% from 2016 to 2022. Asia-Pacific is the largest contributor of medium voltage cables and it is anticipated to be the fastest growing market during the forecast period.

Medium voltage cable is a necessary component for power transmission and distribution in the voltage range of 1000 V to 35 kV. It is used across power, oil & gas, mining, chemicals (industrial), renewables, and infrastructure sector.

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Rapid industrialization and urbanization has been the key driving factor sustaining the growth of the medium voltage cables market. Industrialization and urbanization has been increasing at a much faster pace in the developing economies, resulting in more requirement for power generation, transmission, and distribution and thus is expected to boost the requirement of medium voltage cables. This factor is likely to increase the growth of medium voltage cables industry.

However, Copper and aluminum are metals which are used as conductors to manufacture cables. Volatility in the cost of these metals being traded on the exchange markets cause their prices to go up or down responding to the market forces. Fluctuations in these metal prices is expected to restrain the market of the medium voltage cables to a certain extent because of uncertainties of the market forces. Conversely, increasing demand for power has led to an increase in the requirement of medium voltage cables. There is increasing reliability on the renewable sources such as solar and wind energies for power generation over coal and significant investments are made in this sector which ensure the attractiveness of this segment. Continuous investments in this sector and the inclination towards renewable sources of power generation is expected to drive the market in the near future.

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Medium voltage cables market share is anticipated to increase in Asia-Pacific region, owing to rapid industrialization and urbanization. The China is anticipated to lead the market and witness high demand for medium voltage cables.

The medium voltage cables market analysis covers in depth information of major industry participants. The major companies profiled in the report include, Prysmian SpA, General Cable Corporation, Nexans, NKT Cables, Sumitomo Electric Industries Ltd., Brugg Cables, Dubai Cable Company Private Limited, Leoni AG, Southwire Company LLC, TPC Wires and General Cables Corporation.

Other market players (not profiled in report) in the value chain include, ABB LTD., Tele Fonika Cable Ltd., Kabelwerke Brugg AG, LS Cable & System Ltd., EL Sewedy Electric Company, Hebei New Baofeng Wire & Cable Co., Ltd.

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Key offerings of the report:

1. Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
2. Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
3. Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
4. Regional Analysis: Thorough analysis of each region helps market players devise expansion strategies and take a leap.
5. Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.

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