Press release
How Asia Pacific MV and HV Underground Cables and Accessories Market 2021 is Booming Worldwide with Top Leading Players – LS Cable & System, IL JIN Electric, Power Flex Cables, Bhuwal Insulation Cable Pvt. Ltd, Gloster Cables Limited
Important Features that are under Offering and Key Highlights of the Market Report:
Detailed overview of Asia Pacific MV and HV Underground Cables and Accessories Market Share
Changing market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising market growth
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/asia-pacific-mv-and-hv-underground-cables-and-accessories-market-104594
Economic powerhouses in the Asia-Pacific region are pumping large sums of money towards building their renewables infrastructures and establishing clean energy systems. For example, according to the Institution of Energy Economies and Financial Analysis, India aims at investing USD 500 billion to create renewable energy generation capacity in the country by 2028. China, too, is accelerating its transition to renewables. A report by the International Renewable Energy Agency (IRENA) stated that the share of renewables in China’s energy mix will reach 16% by 2030, under the country’s current investment patterns and policies. Efficient medium voltage (MV) and high voltage (HV) underground cables and accessories will be required to transmit energy generated by renewables in these mammoth countries, especially in their remote regions and villages. Thus, expanding share of renewables in Asia Pacific will benefit this Asia Pacific MV and HV underground cables and accessories market over the next few decades.
As per the report, the Asia Pacific MV and HV underground cables and accessories market value stood at USD 4.40 billion in 2019. The main highlights of the report include:
• Cutting-edge research into the industry trends and outlook;
• Unrivalled analysis of the market drivers and restraints;
• Microscopic study of each and every market segment; and
• Exhaustive examination of the regional and competitive dynamics influencing the market.
𝐀𝐬𝐤 𝐅𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 https://www.fortunebusinessinsights.com/enquiry/customization/asia-pacific-mv-and-hv-underground-cables-and-accessories-market-104594
Highlights of the Report:
• Market Penetration: Comprehensive information on the product portfolios of the top players in the Asia Pacific MV and HV underground cables and accessories market.
• Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the Asia Pacific MV and HV underground cables and accessories market
• Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the Asia Pacific MV and HV underground cables and accessories market
• Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Asia Pacific MV and HV underground cables and accessories market
𝐇𝐚𝐯𝐞 𝐀𝐧𝐲 𝐐𝐮𝐞𝐫𝐲? 𝐒𝐩𝐞𝐚𝐤 𝐓𝐨 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/asia-pacific-mv-and-hv-underground-cables-and-accessories-market-104594
List of Key Companies Profiled in the Asia Pacific MV and HV Underground Cables and Accessories Market Report:
LS Cable and System (South Korea)
IL JIN Electric (South Korea)
Power Flex Cables (Australia)
Bhuwal Insulation Cable Pvt. Ltd (India)
Gloster Cables Limited. (India)
Jiangnan Group Limited. (China)
ZTT (China)
Keystone Cable (S) Pte Ltd (Singapore)
Charoong Thai Wire and Cable PLC. (Thailand)
Prysmian Group (Italy)
Sarawak Cable Berhad (Malaysia)
DNF CABLE SDN BHD (DNF) (Malaysia)
Sumitomo Electric Industries, Ltd. (Japan)
PT Supreme Cable Manufacturing and Commerce Tbk (Indonesia)
Taihan Electric Wire (South Korea)
Electra Cables (Australia)
Sterlite Power (India)
Tratos (United Kingdom)
FURUKAWA ELECTRIC CO., LTD. (Japan)
Nexans (France)
VENINE CABLE (VENINE CORPORATION) (Thailand)
Erawan Electric Wire and Cable Co. Ltd. (Thailand)
Tonn Cable Sdn Bhd (Malaysia)
PT Voksel Electric Tbk (Indonesia)
Federal Power Sdn Bhd (Malaysia)
LS-Gaon Cable Myanmar Co. Ltd. (Myanmar)
PT KMI Wire and Cable Tbk (Indonesia)
𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠
https://www.fortunebusinessinsights.com/enquiry/queries/asia-pacific-mv-and-hv-underground-cables-and-accessories-market-104594
Restraining Factor
Contracting Energy Demand in Asia Pacific amid COVID-19 to Impede Market Growth
The Asia MV and HV underground cables and accessories market growth has hit a roadblock as the COVID-19 pandemic has triggered a precipitous decline in the demand for energy in major Asian economies. Implementing strict lockdown measures at the beginning of the year, China experienced an unprecedented demand contraction of 6.5% in the first quarter of 2020, according to the International Energy Agency. Similarly, in Japan and South Korea, electricity demand dropped between 2.5% and 4.5% during the same period. In India, peak power demand in August slumped to 5.65%, despite partial easing of lockdown measures. Such sharp reduction in power demand has led to the inevitable delaying of planned energy projects and investments in Asia Pacific, which in turn will impede the growth of this market. China, for instance, announced in June 2020 that it will be putting its energy efficiency targets on hold because of the coronavirus.
Competitive Landscape
Introduction of Digital Power Solutions by Key Players to Energize the Market
One of the leading trends in the competitive landscape of this Asia Pacific MV and HV underground cables and accessories market is the development and launch of power solutions driven by digital technologies. The intent behind the introduction of these new-age solutions is to facilitate the transition of energy systems towards smart energy management, which also enables key players to diversify their portfolios and expand their market footprint.
Industry Developments:
August 2020:Prysmian Australia rolled out the first Voltserver System in Australia, which delivers a novel form of digital distribution, enabling the deployment of multiuse technology across long distances. The system also allows the cable that transmits the equipment’s power can to be installed within the telecommunication duct.
July 2020:Taihan Electric Wire inked a deal with the UK’s National Grid to supply underground cables and accessories for the London Power Tunnels project. The contract has an estimated worth of 92.5 billion Korean Won and is the largest power grid project awarded to a Korean cable manufacturer.
𝐐𝐮𝐢𝐜𝐤 𝐁𝐮𝐲 -𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐌𝐕 𝐚𝐧𝐝 𝐇𝐕 𝐔𝐧𝐝𝐞𝐫𝐠𝐫𝐨𝐮𝐧𝐝 𝐂𝐚𝐛𝐥𝐞𝐬 𝐚𝐧𝐝 𝐀𝐜𝐜𝐞𝐬𝐬𝐨𝐫𝐢𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:
https://www.fortunebusinessinsights.com/checkout-page/104594
Contact:
Name: Ashwin Arora
Email: sales@fortunebusinessinsights.com
Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245
𝐀𝐛𝐨𝐮𝐭 𝐔𝐬
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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