Los Angeles, CA -- (SBWIRE) -- 02/13/2020 -- QY Research offers its latest report on the global High Voltage Cables market that includes a comprehensive analysis of a range of subjects such as market growth status, competition, segmentation, regional expansion, and market dynamics. The report includes an exhaustive analysis of the overall industry size and structure based on primary and secondary research, fieldwork, and expertise. The report also sheds light on market future trends, key opportunities, top regions, leading segments, the competitive landscape, and several other aspects of the global High Voltage Cables market. Get access to crucial market information.
The market for High Voltage (HV) Cables is anticipated to witness significant growth in the years to come. This is attributed to development of grid-connected renewable infrastructure. High Voltage Cables are mainly used in power transfer and distribution, electric stations, national transfer network cabling, and municipal networks. Demand for power is increasing rapidly with the booming population, which is anticipated to fuel the need for High Voltage Cables.
For instance, in the mid 2019, Aberdare Cables, a leading manufacturer of low and medium voltage electric cables, announced its new range of HV cables. The company also launched the high voltage manufacturing plant to expand the manufacturing capability of cables.
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Usage of Renewable Forms of Energy to Fuel the Need for High Voltage Cables
With the growing environmental concerns, the government authorities are encouraging the usage of the sustainable or renewable forms of energy so as to cut down the carbon emission levels. This is increasing the need for HV Cables to support a safer and economic mode of power transmission. Moreover, increasing investments by the government in building smart grid technology will induce the demand for High Voltage Cables. Combination of renewable systems with micro-grid networks will create robust demand for HV cables. Surge in the offshore power projects is also likely to positively impact the growth of the HV Cables market.
Key companies functioning in the High Voltage Cables marketplace comprising Elsewedy, Prysmian, ZTT, Nexans, LS Cables, Sumitomo, NKT, Sterlite Power, Furukawa Electric, KEI, APAR, Taihan Electric, Gupta Power, Alfanar, Kelani Cables, KEC, Riyadh Cables, ABB and Southwire are outlined in the report. The researchers have studied the key development activities and tactics of the leading High Voltage Cables vendors including partnerships, acquisitions, mergers, technological development, research and development activities, and portfolio expansion. Besides, the report offers recommendations for the companies to sustain their hold in the marketplace.
The research study has segregated the global High Voltage Cables industry into segments, including product type, application, and vertical, to broaden the overall understanding of the industry. This assessment has been carried out on the basis of size, share, and CAGR. Additionally, regional analysis has been done by the experts stressing the growth potential of the key regions and countries. The report also encompasses accurate and reliable figures based on High Voltage Cables consumption and production in key regions.
The Market is split into Following segments which are as follows:
By Voltage Class
- 50 kV – 110 kV
- 115 kV – 330 kV
- > 330 kV
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What the Report has in Store for you?
- Industry Size & Forecast: The industry analysts have offered historical, current, and estimated projections of the industry size from the value and volume point of view
- Future Opportunities: In this section of the report, High Voltage Cables participants are provided with the information on the future prospects that the High Voltage Cables industry is likely to offer
- Industry Trends & Developments: Here, authors of the report have talked about the major trends and developments taking place in the High Voltage Cables marketplace and their estimated impact on the overall growth
- Study on Industry Segmentation: Detailed breakdown of the key High Voltage Cables industry segments including product type, application, and vertical has been done in this portion of the report
- Regional Analysis: High Voltage Cables vendors are offered crucial information of the high growth regions and their respective countries, thus helping them to invest in profitable regions
- Competitive Landscape: This unit of the report throws light on the competitive scenario of the High Voltage Cables industry by focusing on the key strategies taken up by the vendors to consolidate their presence in the High Voltage Cables business.
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