Market Overview

Power Cable Market is forecasted to reach a valuation of US$ 11,504.7 Mn by 2026: Persistence Market Research

Share:

New York, Aug. 13, 2018 (GLOBE NEWSWIRE) -- The underground HVDC power cables are being considered as a viable alternative to transmit high-voltage power over long distances. HVDC power systems are proving to be economical for long-distance bulk power delivery. Directives are being issued by various regulatory authorities to create an internal energy market and improve energy security. Such projects are intended to end energy isolation and remove the factors that hinder the growth of the internal energy market. HVDC cables are regarded as the ideal option as these projects would include cross-border transmission of high loads of electricity. Additionally, the lightweight of HVDC cables makes them a preferred option over their AC counterparts, especially in submarine power transmission.

These are some of the important findings of the latest comprehensive research report that has been released by Persistence Market Research which is titled as ‘Power Cable Market: Global Industry Analysis 2013-2017 and Forecast 2018-2026'. This research report presents a deep insight into the global power cable market and discusses the qualitative factors that are responsible for the growth of this market and also discusses the factors which hinder the growth of this market. This research report also presents a detailed quantitative assessment of the various segments and sub-segments of the global power cable market and also presents information on the various regional markets spread all over the globe. As per the numbers given in this report, the global power cable market is estimated to be valued at US$ 7,015.8 Mn in 2018 and is forecasted to reach a valuation of US$ 11,504.7 Mn in 2026 end, exhibiting a CAGR of 7.2% during the period of assessment 2018-2026.

Request For Report Sample: https://www.persistencemarketresearch.com/samples/22765

Global Power Cable Market: Dynamics

Due to rapid industrialization in the developing countries and rapid urbanization all over the world, there is an increase in the sales of power cable in the market. Industrialization in these countries leads to an increasing power and energy consumption, which leads to increasing sales of power cables in such markets. Industrialization in the developed countries is also leading to a demand for the replacement of the aging power cables and installation of efficient power cables. In addition, urbanization is also fuelling the growth of the global power cable market as rapid urbanization leads to the requirement and consumption of more electricity, and for this purpose, more number of distribution networks need to be deployed. Due to the increasing consumption of energy due to the factors related to urbanization and industrialization, there is going to be a rapid growth in the global power cable market.

A volatile and unstable power cable market has widespread repercussions for the manufacturers of power cables. From rising energy costs to unexpected fluctuations in raw material price levels, unforeseen obstacles are destabilizing supply chains and making it difficult for the manufacturers to remain stable. With supplies of raw materials becoming harder to secure, the volatility in commodity prices is there to stay. This leads to the manufacturers passing on the additional costs along to the consumers who are already reluctant to spend. These factors are likely to hinder the global power cable market.

Power Cable Market Segmentation By  Power Cable Market Segmented (By Voltage Handling - High Voltage, Medium Voltage, Low Voltage; By End-Use Industry - Power Transmission, Telecommunication, Refineries and Oil Rigs, Construction, Others; By Material - Copper, Aluminum) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018-2026: https://www.persistencemarketresearch.com/market-research/power-cable-market.asp

Global Power Cable Market: Segmentation and Forecast

The global power cable market is segmented on the basis of voltage handling, end-use industry, by material and by region. 

  • The high voltage segment was valued at US$ 2,393.4 Mn in 2017.
  • The power transmission segment was valued at US$ 2,073.6 in 2017 and is forecasted to reach a valuation of US$ 3,985.1 Mn in 2026 end, reflecting a CAGR of 7.7% during the period of assessment.
  • The aluminum segment is estimated to account for 64 percent of the market value share in the year 2018.
  • China is expected to account for a 7.7% CAGR and hold 20.2% of market share of global power cable market in 2018.

Download and View Report TOC, Figures and Tables @ https://www.persistencemarketresearch.com/methodology/22765

Global Power Cable Market: Competition Landscape

This research report gives comprehensive information on some of the leading players that are functioning in the global power cable market in the competition landscape section. Some of the companies that have been included in this section are Prysmian Group, Nexans SA, General Cable Technologies Corporation, Sumitomo Electric Industries Ltd., Fujikura Ltd., NKT AS, Encore Wire Corporation, Elmeridge Cables Limited, Southwire Company LLC and Furukawa Electric Ltd.

More from PMR's Electronics and Smart Devices Intelligence:

Consumer Electronic Accessories Market Segmented by Consumer Electronic Accessories Market Segmented by (By Product Type - Cell phone Accessories, Car Electronic Accessories, Laptop and PC Accessories, Audio and Video Accessories, Camera and Photo Accessories, Office Appliance Accessories; By Distribution Channels - Multi-brand Stores, Single Brand Stores, Online Stores): https://www.persistencemarketresearch.com/market-research/consumer-electronic-accessories-market.asp

CCTV Cameras Market Segmented by  CCTV Cameras Market Segmented by (By Camera Type - Dome Camera, Bullet Camera, Box Camera, PTZ Camera, Others; By Technology - HD CCTV Camera, IP / Network Camera, Analog Camera; By End User - Residential, Commercial, Industrial, Government): https://www.persistencemarketresearch.com/market-research/cctv-cameras-market.asp 

Electronic Cylinder Lock Credentials Market Segmented by Electronic Cylinder Lock Credentials Market Segmented by ( By Product Type - Electronic Key (Contact based), RFID Key (Cards), Key Fob & Badge); By Technology - Low Frequency RFID, High Frequency RFID (NFC), Others; By End User - Commercial Sector, Residential Sector, Industrial Sector, Government ): https://www.persistencemarketresearch.com/market-research/electronic-cylinder-lock-credentials-market.asp

Persistence Market Research Overview

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact

Ashwani Bhagat
Persistence Market Research
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
+1-646-568-7751
United States
USA - Canada Toll-Free: 800-961-0353
Email: sales@persistencemarketresearch.com
PMR Latest News:  https://www.persistencemarketresearch.com/news

Primary Logo

View Comments and Join the Discussion!