By the end of 2026, the Power Cable Market will be worth US$11,504.7 Mn

According to the information in this study, the market for power cables will be worth US$ 11,504.7 Mn by the end of 2026, which represents a CAGR of 7.2% for the evaluation period of 2018-2026. In 2018, the market is expected to be worth US$7,015.8 Mn.

Global Industry Analysis 2013-2017 and Forecast 2018-2026 for the Power Cable Market This research study provides a thorough analysis of the global power cable market while examining the qualitative and quantitative elements impacting the development of this company. This study also includes a comprehensive quantitative analysis of the key segments and sub-segments of the worldwide power cable market. Additionally, it provides details on important domestic and international marketplaces.

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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.

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Global Power Cable Market: Competition Landscape

This research report gives comprehensive information on some of the leading players that are functioning in the global power cable market in the competition landscape section. Some of the companies that have been included in this section are

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
Furukawa Electric Ltd.
Others

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