Press release
High Voltage Cables Market is Forecasted to Reach US$ 47.7 Billion in 2028, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm has launched a report on the global high voltage cables market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://stratviewresearch.com/Request-Sample/1185/high-voltage-cables-market.html#form
Report Highlights:
Market Size in 2028: US$ 47.7 billion
Growth (CAGR): 3.39% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 3
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the High Voltage Cables Market:
The global high voltage cables market is segmented based on voltage type, application type, and region.
Based on voltage type - The market is segmented as 50 kV - 110 kV, 115 kV - 330 kV and more than 330 kV. The 50 kV - 110 kV segment held the largest share of the market in 2022 and is expected to remain dominant during the forecast period. Retrofitting of small-scale industries and large-scale commercial expansion across developing countries has led to the dominance of the segment.
Based on application type - The high voltage cables market is segmented as utility and industrial. The utility segment leads the market owing to the growth in population giving rise to increasing consumption of energy, which is a major reason for the dominance of this segment.
To know the most attractive segments, click here:
https://stratviewresearch.com/1185/high-voltage-cables-market.html
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that North America is estimated to be the largest market during the forecast period. This growth outlook is majorly attributed to the following-
• The U.S. Government proposed to invest US$ 10 billion to develop new transmission networks to decrease the curtailment rate.
• Asia-Pacific is likely to be the fastest-growing high voltage cables market during the forecast period.
• China and India are the key countries of the Asia-Pacific region offering lucrative growth opportunities over the forecast period.
High Voltage Cables Market Drivers:
Some of the key drivers listed in the report are given below.
• The growing demand for high voltage cables is mainly due to rapid commercialization and rising population leading to increased energy consumption.
• In comparison to other alternatives, high voltage cables with a high current carrying capacity over long distances are favored for these networks.
• Due to increasing grid connectivity demand and increased investment in the new high voltage cables and accessories industry, the high voltage cable and accessory market is developing.
Top Companies in the High Voltage Cables Market:
Stratview Research has identified the following companies as the top market players.
• Elsewedy Electric
• Furukawa Electric
• KEI Industries Limited
• LS Cable & System
• NKT
• Nexans
• Prysmian Group
• Sumitomo Electric Industries, Ltd.
• Sterlite Power
• ZTT
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the High Voltage Cables Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• Automotive Wires & Cables Market: https://stratviewresearch.com/3842/automotive-wires-and-cables-market.html
• Electric Vehicle Wires & Cables Market: https://stratviewresearch.com/3815/electric-vehicle-wires-and-cables-market.html
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About Us:
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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