Global High Voltage Cables Market Analysis Reveal Positive Influence in Demand and Sales, Report Estimates CAGR of 3.46% by 2022

In recent years, the rise in urbanization and growing industrialization coupled with rise in wind and solar power plants have supplemented the growth of the high voltage cables market. Across the globe, industries are investing the development or updating the infrastructure to accommodate the power transmission requirements, for which high voltage cables are a preferable option. This energy infrastructure up gradation and installments are fuelling the growth in the global high voltage cable market, finds a new study broadcasted to the vast repository of Market Research Hub (MRH). The study is titled as “2017-2022 Global Top Countries High Voltage Cables Market Report” which provides a thorough analysis, highlighting the market dynamics that are estimated to determine the growth of the market in the coming few years. Geographically, it focuses on some top countries including UK, United States, Canada, Brazil, Mexico, Germany, France, Italy, Russia, China, Japan, India, Middle East and Africa, Korea, Southeast Asia and Australia.

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In the initial section, the study presents an executive summary of the global high voltage cables market which covers product overview, covering its specifications, classification and applications. It is important to know that any voltage above 1,000 volts is defined as the high voltage. High voltage cable is used for transmission of electric power over long distances. High voltage cables that distribute high power are covered with paper and oil, owing to which direct contact of the cable with a person or other material can be avoided. It has been analyzed that wide application areas such as overhead lines, underground cables, and submarine cables pose a huge demand for high voltage cables, thus impacting market growth positively. According to the key findings, global high voltage cables market size will be 12490.81 million (USD) in 2022, from the 9844.61 million (USD) in 2016, with a CAGR of 3.46% from 2016 to 2022.

Power grids are frequently turning towards the adoption of underground high voltage cables due to its lower cost and high technological reliability for interconnections. The analysts have found that in regions like North America, where the grids have become less effective and efficient as they are old, grid infrastructure needs up gradation to provide continuous power supply to avoid power shortages. Hence, governments are investing in smart grid technology, which provides several growth opportunities for the high voltage cables market in the coming years.

In the next part, the study provides a pivotal view on the market by segmenting the market based on product type, application and countries. Key applications of high voltage cables include Utility, Industrial; and Wind and Solar. Moving further, by product type it covers AC power cable and DC power cable. For each product type and application, the study offers analysis with sales, revenue, price, market share and growth rate till 2022.

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An important section covering the competitive landscape of the market provides a clear insight into the market share analysis of key industry players. At present, key vendors available in this market are Prysmian, General Cable, Southwire, Nexans, Furukawa Electric, Sumitomo Electric, Elsewedy Electric, LS Cable & System, Condumex, Riyadh Cable, Taihan, NKT Cables, Shangshang Cable, FarEast Cable, Synergy Cable, TF Cable and others.

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