ID: MRFR/E&P/1236-HCR | February 2021 | Region: Global | 100 pages
Power Transmission Cables are typically used to carry the electricity from generating units to the end-users. Rising inclusion of renewable power resources, high quality and uninterrupted electricity, up-gradation of aging grid infrastructure result in the growth of the power transmission cables market. Rapid urbanization and industrialization are the major factors in the Global Power Transmission Cables Market. Power Transmission Cables market is expected to register a high growth of around 6.5% CAGR in the next six years.
Study Objectives of Global Power Transmission cables Market
Regional Analysis of Global Power Transmission cables Market
Asia Pacific held the largest share within the Power Transmission cables market, and is expected to retain its majority by 2022. This region is expected to be fastest growing market for power transmission cables. China and India are the main drivers for the growth in Asia Pacific region. North America was the second largest market for power transmission cables in 2014. Hugh investments in power transmission 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.
Power Transmission cables Market, by Region (USD Million)
The key players of Global Power Transmission cables Market report include- 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 Ltd.
The report covers brief analysis of country level market information –
Middle East & Africa
Latin and Central America
The report for Global Power Transmission cables Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Frequently Asked Questions (FAQ) :
The growth rate that can be attaine by the market in the near ftgurue is 24%.
The expected market size by 2022 can be USD 12 bn.
The most renowned companies striving to achieve a better position in the market are Prysmian S.p.A., General Cable Technologies Corp., Sumitomo Electric Industries Ltd., Shandong DingChang Tower Co. Ltd., Nexans S.A., Nanjing Daji Iron Tower Manufacturing Co. Ltd., KEC International Ltd., Southwire Co. LLC, Kalpataru Power Transmission Ltd., Zhejiang Shengda Steel Tower Co. Ltd., and others.
The market for Power Transmission Cables can record a growth rate of close to 6.5% in the next few years.
The installation-based market segments are overhead, underground and submarine.