Press release
Medium Voltage Cables Market to Hit $54.2 Billion by 2022, At CAGR of 6.5%
Medium Voltage Cables Market
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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.
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.
Top Key players include in this report:
PrysmianSpA
Nexans
NKT Cables
Sumitomo Electric Industries Ltd.
Brugg Cables
Dubai Cable Company Private Limited
Leoni AG
Southwire Company LLC
TPC Wires
General Cables Corporation
The following are the regions covered in this report.
North America [U.S., Canada, Mexico]
Europe [Germany, UK, France, Italy, Rest of Europe]
Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
South America [Brazil, Argentina, Rest of Latin America]
Middle East & Africa [GCC, North Africa, South Africa, Rest of Middle East and Africa]
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Key Findings of Medium Voltage Cable Market:
The medium voltage cables market forecast is studied from 2015 to 2022.
Medium voltage cables market size is provided in terms of revenue.
In Asia-Pacific and LAMEA, high urbanization rate is estimated to accelerate the growth of underground cables on account of limited space availability for new and existing substations
In North America, offshore wind capacity addition is expected to increase in the coming years due to the vast wind energy potential available on the U.S. Coasts.
The submarine segment is expected to witness robust growth rates during the forecast period
Key market players are profiled and their strategies are analyzed thoroughly to provide a competitive outlook of the medium voltage cables market.
Reasons for Buying this Report:
Complete analysis on market dynamics, market status and competitive medium voltage cables market view is offered.
Forecast Global medium voltage cables market Industry trends will present the market drivers, constraints and growth opportunities.
The five-year forecast view shows how the market is expected to grow in coming years.
All vital Global medium voltage cables market Industry verticals are presented in this study like Product Type, Applications and Geographical Regions.
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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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