The analysts forecast the global power cables market to grow at a CAGR of 6.77% during the period 2017-2021.
Global Power Cables Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is development of smart grid. Smart grids bring a convergence of analog or digital information, computer-based remote control, and automation to electricity networks. Smart grid systems are increasingly used in many countries.
These systems incorporate automated software and electronic hardware such as meters, switches, and relays that guarantee smooth and appropriate T&D of electricity by upgrading and controlling operational processes over a network.
One of the major drivers for this market is increasing wind capacity installation. Power cables are used largely to transmit energy generated by wind turbines.
They are also said to increase the efficiency of wind turbines. The growing concerns of shifting to renewable energy sources have led to an increase in electricity generation from wind turbines. This has led to increased demand for power cables.
- Prysmian Group
- General Cable
Sumitomo Electric Industries
Other prominent vendors
- L S Cable & Systems
- Southwire Company
- Hangzhou Cable Company
- TPC Wire & Cable
- HENGTONG GROUP
- Encore Wire
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
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
For more information about this report visit https://www.researchandmarkets.com/research/n6cnmg/global_power