Press release
Power Cable Market 2021 Expected to reach US$ 11,504.7 Million with 7.2% CAGR Forecast to 2026
Power Cable Market during 2021-2026
As per the numbers given in this report, the global power cable market is estimated to be valued at US$ 7,015.8 Mn in 2018 and is forecasted to reach a valuation of US$ 11,504.7 Mn in 2026 end, exhibiting a CAGR of 7.2% during the period of assessment 2018-2026.
Request for Free Sample Report of “Power Cable” Market @ https://www.persistencemarketresearch.com/samples/22765
The underground HVDC power cables are being considered as a viable alternative to transmit high-voltage power over long distances. HVDC power systems are proving to be economical for long-distance bulk power delivery. Directives are being issued by various regulatory authorities to create an internal energy market and improve energy security. Such projects are intended to end energy isolation and remove the factors that hinder the growth of the internal energy market. HVDC cables are regarded as the ideal option as these projects would include cross-border transmission of high loads of electricity. Additionally, the lightweight of HVDC cables makes them a preferred option over their AC counterparts, especially in submarine power transmission.
These are some of the important findings of the latest comprehensive research report that has been released by Persistence Market Research which is titled as ‘Power Cable Market: Global Industry Analysis 2013-2017 and Forecast 2018-2026’. This research report presents a deep insight into the global power cable market and discusses the qualitative factors that are responsible for the growth of this market and also discusses the factors which hinder the growth of this market. This research report also presents a detailed quantitative assessment of the various segments and sub-segments of the global power cable market and also presents information on the various regional markets spread all over the globe.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Prysmian Group, Nexans SA, General Cable Technologies Corporation, Sumitomo Electric Industries Ltd., Fujikura Ltd., NKT AS, Encore Wire Corporation, Elmeridge Cables Limited, Southwire Company LLC and Furukawa Electric Ltd and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Power Cable.
Global Power Cable Market: Dynamics
Due to rapid industrialization in the developing countries and rapid urbanization all over the world, there is an increase in the sales of power cable in the market. Industrialization in these countries leads to an increasing power and energy consumption, which leads to increasing sales of power cables in such markets.
Industrialization in the developed countries is also leading to a demand for the replacement of the aging power cables and installation of efficient power cables. In addition, urbanization is also fuelling the growth of the global power cable market as rapid urbanization leads to the requirement and consumption of more electricity, and for this purpose, more number of distribution networks need to be deployed. Due to the increasing consumption of energy due to the factors related to urbanization and industrialization, there is going to be a rapid growth in the global power cable market.
A volatile and unstable power cable market has widespread repercussions for the manufacturers of power cables. From rising energy costs to unexpected fluctuations in raw material price levels, unforeseen obstacles are destabilizing supply chains and making it difficult for the manufacturers to remain stable. With supplies of raw materials becoming harder to secure, the volatility in commodity prices is there to stay. This leads to the manufacturers passing on the additional costs along to the consumers who are already reluctant to spend. These factors are likely to hinder the global power cable market.
Global Power Cable Market: Segmentation and Forecast
The global power cable market is segmented on the basis of voltage handling, end-use industry, by material and by region.
The high voltage segment was valued at US$ 2,393.4 Mn in 2017.
The power transmission segment was valued at US$ 2,073.6 in 2017 and is forecasted to reach a valuation of US$ 3,985.1 Mn in 2026 end, reflecting a CAGR of 7.7% during the period of assessment.
The aluminum segment is estimated to account for 64 percent of the market value share in the year 2018.
China is expected to account for a 7.7% CAGR and hold 20.2% of market share of global power cable market in 2018.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Power Cable Market Manufacturers
Power Cable Market Distributors/Traders/Wholesalers
Power Cable Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
If you have any special requirements, please let us know and we will offer you the report as you want.
Request For Customization@ https://www.persistencemarketresearch.com/request-customization/22765
Major Highlights of the Power Cable Market Report:
The Power Cable Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
The report dives deeper into the market and explains the dynamic factors bolstering market growth.
The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
The report analyzes the Power Cable Market presence across major regions of the world.
It determines the production & consumption capacities and demand & supply dynamics of each regional market.
The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
If you have any special requirements, please let us know and we will offer you the report as you want and also We Provide you Table of Content.
Click Here to Buy this Report@https://www.persistencemarketresearch.com/checkout/22765
Media Contact:
Persistence Market Research
305 Broadway,7th Floor New York City, NY 10007 United States
Call +1-646-568-7751
Call +1 800-961-0353
sales@persistencemarketresearch.com
About PersistenceMarketResearch:
PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Power Cable Market 2021 Expected to reach US$ 11,504.7 Million with 7.2% CAGR Forecast to 2026 here
News-ID: 2522605 • Views: …
More Releases from Persistence Market Research
North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market
The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and…
Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts.
Forged automotive components are critical to…
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the…
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring…
More Releases for Cable
Cable Management Market by Type (Cable Trays, Cable Raceway, Cable Conduits, Cab …
The Cable Management Market would portray a significant CAGR by 2027, as per the latest report published by Allied Market Research.
Allied Market Research recently published a report, titled, “Cable Management Market by Type (Cable Trays, Cable Raceway, Cable Conduits, Cable Connectors &Glands, Cable Carriers, cable Lugs, Cable Junction Boxes, and Others), and End User (IT & Telecommunication, Commercial Construction, Energy, Manufacturing and Automation, Marine, Mining, Healthcare, and Others): Global Opportunity…
Automotive Control Cable Market 2019 Precise Outlook - SAB Cable, Allied Wire & …
Global Automotive Control Cable Market Report 2019-2025 provides insightful data about business strategies, qualitative and quantitative analysis of Global Market. The report also calls for market – driven results deriving feasibility studies for client needs. MarketInsightsReports ensures qualified and verifiable aspects of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the real- time…
Cable & Accessories Industry - Nexans, General Cable Technologies, ABB, Brugg, P …
Electrical cable, an assembly of one or more wires which may be insulated, used for transmission of electrical power or signals
Wide array and volume of cable & accessories applications, high demand from residential to industrial applications and increasing power demand is expected to drive growth in cable and accessories market. Furthermore, Growth in rural electrification especially in the developing economies, growing use of cable & accessories in various industries and…
Global Submarine Cable Market 2017: General Cable, Nexans, Prysmian Group, Allie …
Submarine Cable Market Research Report 2017
In this report, the global Submarine Cable market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
Geographically, this report split global into several key Regions, with sales (volume), revenue (value), market share and growth rate of Submarine Cable for these regions, from 2012…
Cable Management System Market (Cable Tray, Cable Ladder, Raceway, Cable Trunkin …
This report on the global cable management system market provides analysis for the period from 2014 to 2024, wherein 2015 is the base year and the years from 2016 to 2024 are the forecast period. Data for 2014 has been included as historical information. The report covers all the prevalent trends and technologies playing a major role in the growth of the cable management systems market over the forecast period…
Global Nuclear Power Cable Market 2016 : Qingdao Hanlan Cable, Jiangsu Shangshan …
A market study based on the "Nuclear Power Cable Market" across the globe, recently added to the repository of Market Research, is titled ‘Global Nuclear Power Cable Market 2016’. The research report analyzes the historical as well as present performance of the global Nuclear Power Cable market, and makes predictions on the future status of Nuclear Power Cable market on the basis of this analysis.
Get Free Sample Copy of Report…
