Press release
Medium Voltage Cables & Accessories Market Latest Research, Industry Analysis, Trends, Business Overview, Key Value, Demand And Forecast 2022-2027
The Global Medium Voltage Cables & Accessories Market covers latest information regarding the development rate, market estimates, drivers, limitations, future based demand, and revenue during the forecast period. The Medium Voltage Cables & Accessories Market involves of data accumulated from frequent primary and secondary sources. This information has been verified and authorized by the industry analysts, thus providing significant insights to the researchers, analysts, managers, and other industry professionals. This document further helps in thoughtful market trends, applications, specifications, and market challenges.The global medium voltage cables and accessories market was valued at USD 39.3 billion in 2021 and is projected to grow at a CAGR of 6.27%, from 2022 to 2027.
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The Top Leading Players in the market include:
Sumitomo Electric Industries, Top Cable, ABB, Brugg Group, Prysmian, Nexans, The Okonite Company, TPC Wire & Cable, Dubai Cable, General Cable, Hebei New Baofeng Wire & Cable, Caledonian Cables, LS Cable & System, Hendrix, Kabelwerk Eupen, Southwire Company, NKT Cables, Riyadh Cables Group of Companies, Leoni, Bahra Advanced Cable Manufacture
Recent Developments
In December 2017, Nexans S.A. (France) was awarded a contract from DONG Energy Wind Power A/S (Denmark), to supply 34 kV subsea cables for the offshore array cabling in its first construction phase of the 1.2 gigawatt wind farm.
In December 2016, Nexans S.A. (France) signed a contract with Qatar General Electricity and Water Corporation (Kahramaa) (Qatar), to supply low and medium voltage cables for civil infrastructure projects in Qatar.
In March 2017, NKT Cables Group A/S (Germany) acquired the HV cables business of ABB (Switzerland). The scope of the acquisition was to develop the interconnector grid and to hold the growth of the global offshore wind industry.
Medium Voltage Cables & Accessories Market segmentation:
Market segment by Type:
Underground Cables & Accessories
Submarine Cables & Accessories
Overhead Cables & Accessories
Market segment by Application:
Industrial
Renewable Energy
Infrastructure
Market Overview:
The global medium voltage cables and accessories market was valued at USD 39.3 billion in 2021 and is projected to grow at a CAGR of 6.27%, from 2022 to 2027. Increase in renewable energy generation and rapid industrialization and urbanization are the major drivers for growth in the medium voltage cables and accessories market.
Asia Pacific to account for the largest market size during the forecast period.
The market in Asia Pacific is currently the largest for medium voltage cables and accessories followed by the European market. Increase in renewable power generation is a major factor driving the medium voltage cables and accessories market in Asia Pacific.
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Global Medium Voltage Cables & Accessories Market: Regional Segmentation
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa).
Research Methodology of Medium Voltage Cables & Accessories Market:
The report has been merged using three research methodologies. The first step centres around comprehensive primary and secondary researches, which includes an extensive collection of information on the Global Medium Voltage Cables & Accessories Market and the parent and peer market. The next step involves validating the market size, estimations, findings, and expectations with further accurate information from industry experts. The report obtains a complete estimation of the market size with the help of bottom-up and top-down methods. Finally, the report obtains the market estimation of all the segments and sub-segments using data triangulation and market breakup procedures.
Influence of the Medium Voltage Cables & Accessories market report:
– Comprehensive valuation of all opportunities and risk in the market.
– Medium Voltage Cables & Accessories market recent inventions and major events.
– Detailed study of business strategies for growth of the market-leading players.
– Conclusive study about the growth plot of Infrared Imaging global Medium Voltage Cables & Accessories market for forthcoming years.
– In-depth understanding of market-particular drivers, constraints and major micro markets.
– Favourable imprint inside vital technological and market latest trends striking the global market.
Key questions answered in the report:
How will the Medium Voltage Cables & Accessories market change in the next five years?
Which are the five top players of the market?
What are the drivers and restraints of the market?
Which product and application will take a lion’s share of the global market?
Which regional market will show the highest growth?
What will be the CAGR and size of the Medium Voltage Cables & Accessories market throughout the forecast period?
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Following are major TOC of Medium Voltage Cables & Accessories Market:
Chapter 1: Medium Voltage Cables & Accessories Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Global Medium Voltage Cables & Accessories Market Competition by Manufacturers
Chapter 4: Global Production, Revenue (Value) by Region
Chapter 5: Global Supply (Production), Export, Import, Consumption, by Regions
Chapter 6: Global Production, Price Trend by Type, Revenue (Value)
Chapter 7: Manufacturing Cost Analysis
Chapter 8: Global Market Analysis by Application
Chapter 9: Sourcing Strategy, Industrial Chain and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Global Medium Voltage Cables & Accessories Market Forecast
Customization: -
The Global Medium Voltage Cables & Accessories Market report may be modified to meet your specific business needs. Because we understand what our clients want, we provide up to 20% customization for any of our Market Intelligence Data reports at no additional cost to all of our Users.
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