World High Voltage Cable Market to Post 6.3% CAGR to 2024, States Variant Market Research in Its Study Available at MarketPublishers.com18 Jul 2017 • by Natalie Aster
LONDON – Worldwide, the market for high voltage cables (HVCs) is projected to amount to USD 52 billion by end-2024, registering a 6.3% CAGR. Rapid industrialisation and growing urbanization, the rising trend of underground wiring, alongside the developments in solar and wind energy plants are giving a boost to the growth and expansion of the HVC market across different geographies.
Meantime, high cost of metals like copper and aluminium are projected to act as a factor limiting the market. A hike in the number of wind and solar energy projects and increased government funding into smart grid technology will likely open up novel business opportunities for the marketplace in the offing.
General Cable Technologies Corporation, Nexans S.A., Siemens AG, ABB, TELE-FONIKA Kable S.A, NKT Cables, Dubai Cable Company Private Limited, Sumitomo Electric Industries, Prysmian Group, and Southwire Company, among others, are the prominent players in the industry.
Insightful research report “High Voltage Cable Market Global Scenario, Market Size, Outlook, Trend and Forecast, 2015-2024” created by Variant Market Research presents an all-round overview and assessment of the market performance on a global level. It offers detailed market segmentation based on type of product, end-use sector, and by geography.
The report provides market size estimates (historical and forecast) during 2015-2024 and CAGR through to 2024. It provides a comprehensive market share analysis; includes an all-round analysis of market dynamics canvassing the factors and opportunities; offers a value chain assessment; and encloses Porter’s five forces analysis. The report provides a discussion of the prominent players in the HVC market, covering key financials, products and services, business strategies and novel developments.
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