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Power Cable Market is Expected to Surpass US$ 11,504.7 Mn in 2026

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Power Cable Market is Expected to Surpass US$ 11,504.7 Mn in 2026
Power Cable Market to Reach US$ 11,504.7 Mn in 2026
The underground HVDC power cables are being considered as a viable alternative to transmit highvoltage power over long distances. HVDC power systems are proving to be economical for longdistance 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’.
Report overview @ https://www.persistencemarketresearch.com/market-research/power-cablemarket.asp
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 Sample Report @ 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.
Request Report TOC @ https://www.persistencemarketresearch.com/market-research/power-cablemarket/toc
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.
Request Report Multiple Chapter @ https://www.persistencemarketresearch.com/multiplechapter/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.
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