Press release
Overhead Power Cables Market 2018 Global Industry Analysis with Top Players: General Cable Technologies Corp., Southwire Co. LLC, Zhejiang Shengda Steel Tower Co. Ltd., KEC International Ltd., Nexans S.A., Sumitomo Electric Industries Ltd.
Overhead Power Cables Market
Overhead Power Cables are those electric cables used to carry and transmit the electricity through transmission and distribution network. The demands for electricity is increasing as the global population is growing. As a result, new networks need to be built. And older networks need to be updated and upgraded. At the same time, energy production methods need to limit CO2 emissions and the networks themselves need to become more efficient. To suffice this huge challenge, Overhead Power Cables Market is gearing up too. While fulfilling this huge requirement; Overhead Power Cables Market will progress extravagantly.
Rising inclusion of renewable power resources, high quality and uninterrupted electricity, up-gradation of aging grid infrastructure result in the growth of the Overhead Power Cables market. Rapid industrialization and urbanization are the major factors in the global overhead power cables market. Energy is under increasing demand. As a result, overhead cables are also in high demand. Emerging economies are establishing their networks. At the same time, the developed world is replacing ageing or inadequate power lines and networks. It is estimated that on a global scale, a substantial material demand is reported for overhead cables, with underground and undersea conductors filling out the remainder. Marketers are getting equipped with their own design, development, testing and manufacturing facilities to respond to the demand. The needs that electric power companies have with respect to overhead power transmission Cables change year by year, creating requirements for new products with added functions such as superior reliability and eco-friendly performance.
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Major Market Players
General Cable Technologies Corp., Southwire Co. LLC, Zhejiang Shengda Steel Tower Co. Ltd., KEC International Ltd., Kalpataru Power Transmission Ltd., Nexans S.A., Prysmian S.p.A., Shandong DingChang Tower Co. Ltd., Nanjing Daji Iron Tower Manufacturing Co. Ltd., and Sumitomo Electric Industries are some of the major market players operating in the Overhead Power Cables Market included in MRFR Analysis.
Competitive Analysis
Marketers operating in the Over Head Power Cables market are contributing to the construction of power distribution networks for the reliable supply of electricity to demand centres by focusing on the supply of overhead power distribution cables. Manufacturers are delivering a broad range of power distribution cables tailored to different installation conditions, satisfying the diverse needs their customers. Establish players are using their extensive experience and expertise to offer reliable solutions that meet the international standards in force today, and where possible, surpass them to stay a step ahead of the greater demands of the future. Major Players are investigating and investing in the research and development of more energy-efficient OHC. Investments in OHC market are driven by the study focus that more efficient conductors with less loss and greater capacity will lower CO2 emissions and total project costs.
Overhead Power Cables market is dictating growth potential which is prompting to the heavy investments, new entrants in the market and a fierce competition to intensify further during the anticipated period 2016 – 2022.
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Regional Analysis of Global Overhead Power Cables Market
Asia Pacific held the largest share within the overhead power cables market, and is expected to retain its majority by 2022. This region is expected to be fastest growing market for overhead power cables. China and India will drive the market due to factors like rising growth in transmission and distribution network. Huge investments in overhead power cables infrastructure by Saudi Arabia and others countries are expected to drive the market in the Middle East. Middle East is expected to be second fastest growing market for transmission cables.
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