Global Submarine Power Cable Market to Grow at a CAGR of 5.89% During Forecast 2016-2020
The global submarine power cable market to grow at a CAGR of 5.89% during the period 2016-2020. A power cable is an insulated strand of wires used to transmit electricity at variable voltage levels. Power cables are mainly used in submarine, overhead line, building, and underground wiring applications to carry electricity. They can be classified into four broad categories depending on their operating voltage applications low voltage, medium voltage, high voltage, and extra high voltage.
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