Global Medium Voltage Cables Market: mainly propelled rising need for renewable energy generation

Posted May 18, 2018 by karansingh2395

Global Medium Voltage Cables Market is estimated to reach $66 Billion by 2025; growing at a CAGR of 6.3% from 2017 to 2025. Medium voltage cables, or MV cables are frequently used in mobile substations or for power distribution.

According to the latest report published by Variant Market Research, the global medium voltage cables market size is projected to reach $66 billion by 2025 from $40 billion in 2016. In this report, medium voltage cables market forecast says that the global market is growing at 6.3% CAGR from 2017 to 2025. Asia-Pacific is expected to grow at a CAGR of 7.0% and Rest of the World at 6.6%, during the forecast period

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Growing demand for electricity owing to rapid urbanization & industrialization fuels, the global medium voltage cables market
Rising electricity demand worldwide, and necessity of increasing power generation and expanding wind sector are the global medium voltage cables market trends. Though, lack of skilled professionals for handling, and fluctuating material costs are the constraint for the global medium voltage cables market growth.

Market Segmentation

The segmentations considered in the global medium voltage cables market are installation, end-user, and geography. By installation, the market is bifurcated into underground, submarine, and overhead. Moreover, end user segment comprises industrial (oil & gas, metals and mining, chemicals and petroleum, cement and manufacturing, utilities, and others), renewable sector (wind and solar), and infrastructure (transportation, and commercial)

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Competitive Landscape

Key players profiled in the report include Sumitomo Electric Industries Ltd., General Cable Technologies Corporation, NKT Cables, General Electric Company, Prysmian SpA, Brugg Cables, Nexans, Siemens AG, and ABB Ltd., Dubai Cable Company Private Limited, among others.

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About Variant Market Research

Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2025.
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Issued By Bishwanath Singh
Website Variant Market Research
Phone +1-415-680-2785
Business Address 649 Mission St, 5th Floor, San Francisco, CA 94105, United States.
Country United States
Categories Electronics , Semiconductors
Tags Medium Voltage Cables Market , Medium Voltage Cables Size , Medium Voltage Cables Trend , Medium Voltage Cables Forecast
Last Updated May 18, 2018