Power Cables Market Growth, Share, Size, Forecast And Analysis Report 2022-2027
A power cable is used to distribute electricity and comprises a conductor, insulation, bedding, armor, sheath, and outer serving or jacket. It is available as low-tension (LT) and medium and high-tension (HT) cables. It offers high electrical insulation properties and can withstand working voltage for a long time. It is utilized in the wiring of control panels and switchgear and complex control and instrumentation cables in power stations. As a result, the power cable is widely employed in the residential, industrial, commercial, and utility sectors across the globe.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Power Cables Market Trends and Drivers:
At present, the rising demand for electricity, along with the increasing deployment of new power grid infrastructure around the world, represents one of the primary factors strengthening the market growth. Besides this, the growing need for renewable energy generation across the globe is offering a positive market outlook. Apart from this, the rising utilization of power cables in utility applications, such as water, electricity, and gas, is propelling the growth of the market. Moreover, the increasing demand for power cables in smart grids to enable efficient monitoring, analysis, control, and communication is bolstering the growth of the market. Furthermore, the rising demand for power cables in railway networks, coupled with the escalating demand for power cables in the mining industry, is contributing to the growth of the market.
The report has segmented the market into the following categories:
Breakup by Installation:
Breakup by Voltage:
Breakup by End-Use Sector:
Oil & Gas
Metals & Mining
Breakup by Material:
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape with Key Player:
Encore Wire Corporation
Finolex Cables Ltd.
Furukawa Electric Co. Ltd.
L S Cable and Systems
Sumitomo Electric Industries
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