DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Overhead Cables Market 2017-2021" report to their offering.
The global overhead cables market to grow at a CAGR of 5.92% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global overhead cables market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is expanding railway industry. Power cables are used for power transmission for rail systems. Owing to technological innovations, the global railway industry has undergone changes in the recent past. Growing population and expanding metropolitan areas have resulted in increased demand for railways.
According to the report, one driver in the market is increased renewable power generation. Overhead power cables are used at large to transmit electricity generated from power plants. The growing concerns of shifting to renewable energy sources have led to an increase in electricity generation from wind turbines, solar power, and others. This has led to the demand for new installations of overhead cables. Renewable energy is the fastest growing source of electricity generation.
Further, the report states that one challenge in the market is fluctuating raw material prices. The primary raw materials used to manufacture an overhead power cable are aluminum and copper. All power cable vendors incur a major part of their manufacturing cost for acquiring these raw materials. As per the December 2015 prices of these metals, material costs account for approximately 85% of the total production cost. The total cost of copper and aluminum metals account for roughly 50% of the total production cost.
Key vendors
- General Cable
- Nexans
- NKT Holding
- Prysmian Group
- Sumitomo Electric Industries
Other prominent vendors
- LS Cable & System
- Southwire
- Hangzhou Cable
- TPC Wire & Cable
- Hengtong Group
- Belden
- Encore Wire
- Finolex Cables
- International Wire Group
- KEI Industries
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by voltage requirement
Part 07: Geographical segmentation
Part 08: Decision framework
Part 09: Drivers and challenges
Part 10: Market trends
Part 11: Vendor landscape
Part 12: Key vendor analysis
Part 13: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/73bf98/global_overhead
