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2023 Medium Voltage Cable Global Market | Insights, Industry Outlook, Growing Trends And Top Key Players Brugg Kabel AG, Cablel, Leoni AG, Nexans, NKT A/S, Prysmian Group
Medium Voltage Cable Market
As per the Medium Voltage Cable market report by The Business Research Company, the rising electricity demand drove the market for medium voltage cables in the historic period. Within a power grid, medium-voltage cables serve to supply a region with electrical energy. During the pandemic, the demand for electronic items such as laptops and desktops has increased due to the increase in work-from-home culture, which in turn increases the demand for medium-voltage cables.
The global medium voltage cable market size grew from $33.35 billion in 2022 to $40.98 billion in 2023 at a compound annual growth rate (CAGR) of 22.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The medium voltage cable market size is expected to grow to $109.58 billion in 2027 at a CAGR of 27.9%.
Read More On The Medium Voltage Cable Market Report Here:
https://www.thebusinessresearchcompany.com/report/medium-voltage-cable-global-market-report
Major competitors in the Medium Voltage Cable market include Brugg Kabel AG, Cablel, Leoni AG, Nexans, NKT A/S, Prysmian Group, Southwire Company LLC, Sumitomo Electric Industries, TPC Wire And Cable Corp, General Cable Technologies Corporation, Riyadh Cables Group Company, Jiangnan Group, Tratos Cavi SpA, Universal Cables Ltd. and Synergy Cables.
The Medium Voltage Cable market is segmented -
• By Product Termination Cables, Joints, Cross-Linked Polyethylene (XLPE) Cables, Other Products
• By Voltage: Up to 25kV, 26kV-50kV, 51kV-75kV, 76kV-100kV,
• By Installation: Underground, Submarine, Overhead
• By Application: Industrial, Commercial, Utility
• By End Users: Oil And Gas, Energy And Power, Mining, Manufacturing, Transportation, Commercial, Residential
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Medium Voltage Cable market.
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Medium voltage cable is an electric cable composed of an aluminum or copper conductor and a conductor shield, a composed semiconductor material with a voltage rating between 1000V to 30KV and used in mobile substation equipment, distributing power in industrial settings, supplying power to trains and metro lines and others.
The Table Of Content For The Medium Voltage Cable Market Include:
1. Executive Summary
2. Medium Voltage Cable Market Characteristics
3. Medium Voltage Cable Market Trends And Strategies
4. Medium Voltage Cable Market - Macro Economic Scenario
5. Medium Voltage Cable Market Size And Growth
………
28. Key Mergers And Acquisitions In The Medium Voltage Cable Market
29. Medium Voltage Cable Market Future Outlook and Potential Analysis
30. Appendix
The "Global Medium Voltage Cable Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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