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High Voltage Cable Market to Witness an Outstanding Growth by 2027

High Voltage Cable Market accounted to US$ 28.8 Bn in 2018 and is expected to grow at a CAGR of 6.1% during the forecast period 2019 u2013 2027, to account to US$ 47.8 Mn by 2027.

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High Voltage Cable Market to Witness an Outstanding Growth by 2027

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  1. High Voltage Cable Market to 2027

  2. High Voltage Cable Market Overview The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study. High Voltage Cable Market accounted to US$ 28.8 Bn in 2018 and is expected to grow at a CAGR of 6.1% during the forecast period 2019 – 2027, to account to US$ 47.8 Mn by 2027.

  3. High Voltage Cable Market The high voltage cable market is led by the Asia Pacific region in 2018, followed by Europe in the second position. The dominance of the Asia Pacific region is chiefly attributed to the rising electricity demand and the vast potential for renewable energy generation. As per the International Renewable Energy Agency (IRENA), the region accounts for more than 50% of the global energy consumption, and energy produced using fossil fuel resources continue to account for more than 85% of this.  End-users of high voltage cables market is segmented into Industrial, renewable energy, and infrastructure segment. Industrial is the largest revenue-generating end-user segment and is expected to maintain its dominant position throughout the forecast period. However, renewable energy is the fastest-growing market owing to intensive investment from major developing economies of Asia Pacific region. Read More at : https://www.theinsightpartners.com/reports/high-voltage-cables-and-accessories-market

  4. Key Benefits • • This report provides a detailed study of market trends and forecast from 2019 to 2027, which assist to identify the prevailing market opportunities. • • In-depth coverage of the global market that includes drivers, restraints, and opportunities, helps professionals to understand the market behavior in a better way. • • Detailed study of the strategies of key leaders, partnerships, and acquisitions in the market is provided. • Get PDF Sample Copy @ Click Here

  5. Strategic Insights Market Initiatives was observed as the most adopted strategy in global high voltage cable market. Few of the recent market initiatives are listed below; 2019: Nexans has qualified its 420 kV XLPE power cable design for use in water depths down to 550 meters create power connection across a Norwegian Fjord. This development offers new possibilities for creating higher voltage subsea links in deeper locations than ever before. 2018: Sumitomo Electric Industries, Ltd. has won a contract for high-voltage underground cables from Electricité du Cambodge (EDC), as part of the Phnom Penh City Transmission and Distribution System Expansion Project. For this project, Sumitomo Electric is anticipated to supply high-voltage underground cables (115kV CVT cables) connecting substations (total distance: 15 km; total cable length: 20 km). 2017: Essex Magnet Wire, a division of Superior Essex Inc., and Furukawa Electric Co., Ltd. formed a joint venture to supply a new type of winding high-voltage wire (HVW) primarily to the automotive industry throughout the European Economic Area.

  6. Key Players In Industry • Dubai Cable Company - Ducab • Furukawa Electric Co., Ltd. • Nexans SA • NKT A/S • Prysmian Group (General Cable Corporation) • Siemens AG • Southwire Company, LLC • Sumitomo Electric Industries, Ltd. • TELE-FONIKA Kable SA (TF Kable) • ZTT Group • Enquiry For Discount @ Click Here

  7. Rest of Asia Pacific High Voltage Cable Market by Type

  8. High Voltage Cable Market By Geography • North America, Europe, Asia-Pacific, LAMEA

  9. Thank You! For More Details Visit us at https://www.theinsightpartners.com/reports/high-voltage-cables-and-accessories-market Contact Us: Call: +1-646-491-9876 Email: sales@theinsightpartners.com Follow Us On

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