Global Market Insights adds a new report on Power And Control Cable Market Research, which contains company information, geographical data and market analysis about this industry for all stakeholders involved in or wanting to get into this market.
The size of Power And Control Cable Market was registered at USD 100 billion in the year 2029 and is anticipated to cross USD 190 billion by 2025. Between the period 2020 – 2026, the Power And Control Cable market is expected to register a CAGR of 8.3%.Russia power and control cable market is flourishing, owing to the intensive measures taken for the development of smart grid infrastructure in the region. Another country contributing majorly to power and control cable industry demand is Turkey, which accounted for USD 2 billion in 2016. This country has always been a preferred choice for the market giants because of the greater market proximity and its ideal geographical location.
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Based on the types of voltages, power and control cable market is segmented in low, medium, and high cables. The low voltage (LV) power and control cable market is estimated to register a CAGR of 9% over the period of 2016-2024, subject to its growing deployment across small scale manufacturing units and residential sector. On the other hand, the high voltage power and control cable industry will be primarily driven by the need to carry bulk electricity from main station to substations. Increasing need for uninterrupted power supply and bulk transfer of power energy with minimal line loss has also stimulated the global power transmission lines & towers market to grow at 6% CAGR from 2016-2024.
Taking into consideration the application landscape of power and control cable market, the utility sector is set to cross a USD 90 billion mark by 2024. This segment is booming due to the growing demand for LV distribution substation for the development of smart cities.Apart from utility, the industrial power and control cable market is likely to grow at a rate of 8% over the period of 2016-2024. Rising demand for captive power generation in industries has a positive impact on the expansion of industrial application of power and control cable market.
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The intensive measures taken in order to develop EHV and UHV network along with micro grid has augmented the U.S. power and control cable industry share. However, the adoption of wireless power transmission technologies will, to an extent, limit the growth of power and control cable market. But the dynamically changing grid infrastructures and exponentially rising power demand are certain to keep the power and control cable market demand radical.
Especially in the last two decades, the power flow demand has witnessed a notable upsurge, owing to the swift urbanization in the developing countries. The Government of China spent over USD 68.7 billion in 2015 for the development of new grid infrastructure. Likewise, the European countries including Germany and France have also been seen making significant investments for the replacement of old distribution and transmission networks. Such initiatives have generated heavy deployment of power cables across the grid infrastructure. Reportedly, in 2016, power cables accounted for more than 80% of the overall power and control cable industry share.
Partial Table of Contents (ToC) of the report:
Chapter 4 Power and Control Cable Market, By Product
4.1 Global power and control cable market share by product, 2019 & 2026
4.2 Power Cable
4.2.1 Global market from power cable, 2015 – 2026
4.2.2 Global market from power cable, by region 2015 – 2026
4.3 Control Cable
4.3.1 Global market from control cable, 2015 – 2026
4.3.2 Global market from control cable, by region 2015 – 2026
Chapter 5 Power and Control Cable Market, By Voltage
5.1 Global power and control cable market share by voltage, 2019 & 2026
5.2.1 Global market from HV, 2015 – 2026
5.2.2 Global market from HV, by region 2015 – 2026
5.3.1 Global market from MV, 2015 – 2026
5.3.2 Global market from MV, by region 2015 – 2026
5.4.1 Global market from LV, 2015 – 2026
5.4.2 Global market from LV, by region 2015 – 2026
5.4.3 LV power cable
220.127.116.11 Global market from LV power cable, 2015 – 2026
18.104.22.168 Global market from LV power cable, by region 2015 – 2026
5.4.4 LV control cable
22.214.171.124 Global market from LV control cable, 2015 – 2026
126.96.36.199 Global market from LV control cable, by region 2015 – 2026
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