Power And Control Cable Market Research Report Analysis and Forecasts to 2024
Category: #world  By Partha Ray  Date: 2019-01-28
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Power And Control Cable Market Research Report Analysis and Forecasts to 2024

The Power And Control Cable market analytical summative by Market Study Report, LLC, is an exhaustive study of the current trends driving this vertical across assorted geographies. Significant details pertaining to the market share, market size, application, statistics, and revenue are summed up in the research study. Also, this study undertakes a thorough competitive analysis of the business outlook, particularly emphasizing growth strategies espoused by market majors.

UK power and control cable market is set to expand over 3% over the forecast timeline. Government initiatives to shift the dependency to sustainable energy sources will augment the industry outlook. The Réseau de Transport d'Electricité (RTE) and UK National Grid awarded a contract worth USD 290 million to ABB, to develop high-voltage direct current technology aimed at interconnecting electric networks between UK and France. The company will provide two high-voltage HVDC light converter stations that will be linked by a subsea cable.

Notable players across the power and control cable market include Polycab, Prysmian, CMI, Havells, Nexans, LS Cable & System, Furukawa Electric, Southwire, General Cable, and Sumitomo Electric Industries.

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Asia Pacific power and control cable market size is set to exceed USD 100 billion by 2024. Ongoing rural electrification program coupled with increasing demand for reliable and safe electricity will positively impact the industry size. Positive outlook towards renewable energy with growing industrialization will further boost the product demand.

Growing measures to strengthen the transmission and distribution network to cater the growing electricity demand will embellish the power and control cable market. As per the U.S. Energy Information Administration, the global electricity demand has expanded over 3% from the past six years however, it is 16% lower than the generated electricity owing to inefficient grid infrastructure. Utilities across the globe are making significant investments to enhance their transmission capability with the aim to reduce the energy loss, which will positively impact the business outlook. In 2016, the U.S. Federal Government announced USD 10 billion grant to reduce the curtailment rate across their western transmission network through the development of new and improved grid infrastructure.

Adoption of microgrid network and favorable government initiatives towards expansion of T&D networks to interconnect renewable sources with the central and state grids will complement the MV power and control cable market. In 2016, Belgium based Tideway B.V. awarded USD 14.19 million contract to Prysmian Group for the supply of 33kV MV inter array submarine cables for its 309 MW offshore wind farm projects.

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Middle East & Africa power and control cable market share is set to expand over 7% by 2024. Growing investments towards rebuilding of war affected countries including Syria along with extension of transmission and distribution network will fuel the industry size. According to Siemens, the region is set to increase its current electricity generation capacity by 66% over the next 15 years.

Table of Content:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Power and Control Cable Industry Insights

Chapter 4. Power and Control Cable Market, By Product

Chapter 5. Power and Control Cable Market, By Voltage

Chapter 6. Power and Control Cable Market, By Application

Chapter 7. Power and Control Cable Market, By Region

Chapter 8. Company Profiles

More Details on this Report At: https://www.marketstudyreport.com/reports/power-and-control-cable-market

Related Report:

Asia-Pacific Power and Control Cables Market Report 2017

In this report, the Asia-Pacific Power and Control Cables market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.

https://www.marketstudyreport.com/reports/asia-pacific-power-and-control-cables-market-report-2017/?utm_source=RR-PSR

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About Author

Partha Ray

Email: partha.r@news.marketsizeforecasters.com   

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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