The global medium voltage cables & accessories market was valued at USD 39.31 Billion in 2016 and is projected to grow at a CAGR of 6.27%, from 2017 to 2022. Increase in renewable energy generation and rapid industrialization and urbanization are the major drivers for growth in the medium voltage cables & accessories market.
To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the medium voltage cables and accessories market. These include Prysmian S.p.A. (Italy), Nexans S.A. (France), General Cable Corporation (US), NKT Group A/S (Denmark), and LS Cable & System Ltd. (South Korea). The leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market shares.
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Scope of the Report:
·
By Voltage Range
o
1–5 kV
o
6–13 kV
o
23 kV
o
34 kV
o
45 kV
o
69 kV
·
By End-User
o
Industrial
o
Infrastructure
o
Renewables
·
By Installation and Products
o
Overhead
§ Conducting wires
§ Fittings and Fixtures
§ Others
o
Underground
§ MI Cables
§ XLPE Cables
§ Cable Terminations
§ Cable Joints
§ Others
o
Submarine
§ MI Cables
§ XLPE Cables
§ Cable Terminations
§ Cable Joints
§ Others
·
By Region
o
North America
o
Europe
o
Asia Pacific
o
Middle East & Africa
o
Latin America
Objectives of the Study
-To define, describe, and forecast the global
medium voltage cables & accessories market by product, installation,
voltage, end-user, and region
-To provide detailed information on the major
factors influencing the growth of the medium voltage cables and accessories
market (drivers, restraints, opportunities, and industry-specific challenges)
-To strategically analyze the medium voltage
cables and accessories market with respect to individual growth trends,
prospects, and contribution of each segment to the market
-To analyze market opportunities for
stakeholders and details of a competitive landscape for market leaders
-To strategically profile key players and
comprehensively analyze their market rankings and core competencies
-To track and analyze competitive
developments, such as contracts & agreements, expansions, new product
developments, and mergers & acquisitions in the medium voltage cables and
accessories market
In this report, the medium voltage cables and accessories market has been segmented by region into Asia Pacific, Europe, North America, the Middle East & Africa, and Latin America. The market in Asia Pacific is expected to be the largest market for medium voltage cables and accessories during the forecast period due to the increase in power demand and implementation of smart grid technology in the region.
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Asia Pacific: The leading market for medium voltage cables and accessories
In this report, the medium voltage cables and accessories market has been analyzed with respect to five regions, namely, Asia Pacific, Europe, North America, the Middle East & Africa, and Latin America. The market in Asia Pacific led the global medium voltage cables and accessories market in 2016. Rapid development and rising investments in the region would drive the demand for medium voltage cables and accessories. This would lead to increased power transmission and distribution as well as the replacement of mature power transmission infrastructure. Investments in smart grid technology in countries such as China, India, Japan, Australia, and those in the rest of Asia Pacific would create opportunities for the medium voltage cables and accessories market.
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