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Does Medium Voltage Cable Market Reach To A Such Huge Revenue Near Of $56.18 Billion By 2022
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The report "Medium Voltage Cables & Accessories Market by Installation (Overhead, Underground, Submarine), Products (MI, XLPE Cables, Terminations, Joints), Voltage (1-5, 6-13, 23, 34, 45, 69kV), End-User (Industrial, Infrastructure, Renewables) - Forecast to 2022", The medium voltage cables and accessories market is expected to grow from an estimated USD 41.45 Billion in 2017 to USD 56.18 Billion by 2022, at a CAGR of 6.27%, from 2017 to 2022. Increase in renewable energy generation and rapid industrialization and urbanization is expected to drive the market for medium voltage cables and accessories.
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.
Download PDF Brochure Here: https://www.marketsandmarkets.com/pdfdownload.asp?id=15193142
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
• By Installation and Products
Fittings and Fixtures
• By Region
o North America
o Asia Pacific
o Middle East & Africa
o Latin America
To speak to our analyst for a discussion on the above findings, click https://www.marketsandmarkets.com/speaktoanalyst.asp?id=15193142
The points given below explain the research methodology.
• Analysis of the demand for medium voltage cables and accessories on the basis of the project capabilities of each country.
• Study of the annual revenues and market developments of the major players that supply medium voltage cables and accessories.
• Study of the future trends and growth of the medium voltage cables and accessories market
• Study of the contracts and developments related to medium voltage cables and accessories by key players across different regions.
• Analysis of the overall market size by triangulation of the supply-side data, which includes product developments, supply chain, annual revenues of companies, and completion of industrial projects across the globe.
The increase in power demand and implementation of smart grid technology is expected to lead to opportunities in the medium voltage cables and accessories market. The volatile prices of raw materials and complex planning and authorization processes leading to delays in projects could act as restraints for the market, resulting in declining profits.
Browse Fill Report Here: https://www.marketsandmarkets.com/Market-Reports/medium-voltage-cable-market-15193142.html
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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