Title: World Medium Voltage Cables Industry: Industry Statistics, Development Status, Market Trends, Drivers, Opportunities, Market Size & Forecast
Research Beam added a report “World Medium Voltage Cables Market”
About World Medium Voltage Cables Market:
Medium voltage cables are a necessary component for power transmission and distribution in the voltage range of 1000 V to 35 kV. These cables are used across industrial (power, oil & gas, mining, chemicals and others), renewables, and infrastructure sector. In the renewables sector, the cables are increasingly being used for wind and solar power generation. Moreover, the cables are widely used in infrastructure sector including railways, airports and sea ports for powering the lightening and security systems, and other purposes.
Medium voltage cables market is expected to witness a notable growth over the next 5-6 years. The market is anticipated to grow at a CAGR of 6.5% from 2016 – 2022, to garner over $50 billion by 2022. The growth would primarily be driven by rising electricity demand globally, particularly from developing countries such as China, due to rapid industrialization and urbanization. In developed economies, such as Europe, requirement of increasing power generation and expanding wind sector offers significant growth potential. However, fluctuating prices of metals, such as copper, aluminum, and others, restrain the market growth. Growing investments in renewables sector drives the demand for power infrastructure, offering significant opportunities for growth.
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Table of Contents:
CHAPTER 1 Introduction
CHAPTER 2 Executive Summary
CHAPTER 3 Market Overview
CHAPTER 4 World Medium Voltage Cables Market, By Installation
CHAPTER 5 World Medium Voltage Cables Market, By End User
CHAPTER 6 World Medium Voltage Cables Market, By Geography
CHAPTER 7 Company Profile
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