Power Cable Market Size, Growth Drivers, Type, Applications, End User, Country-wise Revenue, Key Developments and Growth Strategies by Industry Giants 2021-2031

Allied Market Research published a report, titled, "Power Cable Market by Distribution Type (Underground, Submarine, Overhead), by Voltage Rating (Up to 36 kV, 37 kV to 100 kV, 101 kV to 250 kV, 251 kV to 350 kV, 351 kV and Above), by End Use (Residential, Commercial, Industrial, Utilities): Global Opportunity Analysis and Industry Forecast, 2021-2031." According to the report, the global power cable market was valued at $148.6 billion in 2021, and is projected to reach $277.8 billion by 2031, growing at a CAGR of 6.4% from 2022 to 2031.

The power cable market is projected to depict prominent growth during the forecast period, owing to various factors, such as a rise in the trend of renewable energy generation and an increase in the deployment of new power grid infrastructure. Moreover, the surge in the implementation of smart grids boosts the growth of the market during the forecast period.

Download PDF Sample with Latest Industry Insights and Business Analytics: https://www.alliedmarketresearch.com/request-sample/5883

Leading Power Cable Market Players:

The report provides a detailed analysis of key players of the global Power Cable Market include ABB Ltd., Belden Incorporated, Encore Wire Corporation, Finolex Cables, KEI Industries Limited, LAPP North America, Nexans, NKT A/S, Prysmian Group, and TPC Wire & Cable Corp.

These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of Power Cable Market players to showcase the competitive scenario.

Power Cable Market Segmentation:

The research provides detailed segmentation of the global Power Cable Market based on type, enterprise size, authentication method, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the Power Cable Market report.

Power Cable Market: Regional Scope

Region wise, the 5G modems market trends are analyzed across North America (the U.S, Canada and Mexico), Europe (UK, Germany, France and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Want to Access the Statistical Data and Graphs, Key Players' Strategies: https://www.alliedmarketresearch.com/power-cable-market/purchase-options

Historical Data & Information:

The Power Cable Market is fairly competitive, owing to the strong presence of existing vendors. Market vendors are expected to gain a competitive advantage over their competitors because they can cater to market demands with a wide range of products. The competitive environment in this market is expected to increase as technological innovations, product extensions, and different strategies are adopted by key vendors.

Company Profiles Analysis:

The Power Cable Market report provide top 10 company profiles typically includes a brief overview of the company, including its history, mission, and values. It also features a snapshot of the company, highlighting its size, industry, and location. The profile may include information on the company's operating business segments, such as its various divisions or subsidiaries, as well as its product portfolio.

Business performance metrics, such as revenue, profits, and market share, are often included, along with key strategic moves and developments, such as mergers, acquisitions, and new product launches. All of these elements help provide a comprehensive understanding of a company and its position within the Power Cable Market.

Interested to Procure the Data? Inquire Here: https://www.alliedmarketresearch.com/purchase-enquiry/5883

Key Benefits For Stakeholders from this Research:

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the Power Cable Market analysis from 2021 to 2031 to identify the prevailing market opportunity.

• The market research is offered along with information related to key drivers, restraints, and opportunities.

• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.

• In-depth analysis of the Power Cable Market segmentation assists to determine the prevailing market opportunities.

• Major countries in each region are mapped according to their revenue contribution to the global market.

• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.

• The report includes the analysis of the regional as well as global Power Cable Market trends, key players, market segments, application areas, and market growth strategies.

KEY DEVELOPMENTS/ STRATEGIES

Vendors operating in the market are offering advanced power cables due to the competition. Also, the rise in investment trends among the various countries for the development and transmission of green energy fuels the growth of the market.

For instance, in June 2021, Prysmian Group, the world leader in the energy and telecom cable systems industry, announced the finalization of the contract with SOO Green HVDC Link for the supply and installation of high-voltage direct current cable systems. The 2,100-megawatt interregional project, which is regarded as the first piece of a national clean energy grid, will interconnect the two biggest energy markets in the U.S. and provide plentiful, inexpensive renewable energy to major population centers from Chicago to the mid-Atlantic region.

Power Cable Market Report Highlights

Distribution Type

• Submarine
• Overhead
• Underground

Voltage Rating

• Up to 36 kV
• 37 kV to 100 kV
• 101 kV to 250 kV
• 251 kV to 350 kV
• 351 kV and Above

End Use

• Residential
• Commercial
• Industrial
• Utilities

More Inisghts:

https://www.linkedin.com/pulse/plenoptic-camera-market-size-reach-587-billion-2030-amol-aher

https://www.linkedin.com/pulse/environmental-sensor-market-size-reach-386-billion-2030-amol-aher

https://www.linkedin.com/pulse/gige-camera-market-size-expected-reach-232-billion-2030-amol-aher

https://www.linkedin.com/pulse/quantum-dot-sensor-market-sales-hit-5399-million-2030-amol-aher

https://www.linkedin.com/pulse/semiconductor-wafer-market-size-reach-2713-billion-2030-amol-aher

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com/reports-store/semiconductor-and-electronics

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.