The global power cable market is anticipated to grow at a CAGR of around % during the forecast period (2021-2027). Asia-Pacific region is creating significant scope for the power cable market owing to the installation of new renewable power generation plants. The region has high population base along with high consumption of power. With 4.4 billion people living in 58 markets, ranging from the world’s largest energy consumer to small island economies. The region accounts for more than half of global energy consumption, with 85% of that regional consumption coming from fossil fuels. The region’s renewables (wind and solar) generation investments could double to $1.3 trillion over the current decade to 2030 compared to the previous decade (2011 – 2020). The government in major economies of the region is planning to increase their renewable generating capacity, which in turn expected to increase the installation of power grid systems with high demand for power cables. For instance, as per the IEA, the government plans to increase renewable generating capacity from 175 GW in 2022 to 450 GW in 2030.
To Request a Sample of our Report on Power Cable Market: https://www.omrglobal.com/request-sample/power-cable-market
Moreover, the rise of low-cost wind and solar power, deployment of distributed energy resources (DER) and increasing digitalization are accelerating change in power systems in China. As Chinese renewable manufacturing has grown, the costs of renewable energy technologies have dropped dramatically. Apart from these, in 2019, China’s hydropower capacity reached 356 GW. China’s installed capacity of solar power reached 252 GW and wind power capacity was 282 GW, as of 2020. This has increased the demand for power cables.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segment Covered-
- By Installation Type
- By Voltage
- By Application
- By End-User
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
(Get 15% Discount on Buying this Report)
A full Report of Power Cable Market is Available @ https://www.omrglobal.com/industry-reports/power-cable-market
Global Power Cable Market Report Segment
By Installation type
- Overhead
- Underground
- Submarine
By Voltage
- Up to 240V
- 240V-1kV
- 1kV-15kV
- 15kV-100kV
- 100kV-250kV
- and above 250kV
By Application
- Ground photovoltaic power generation
- Thermal power generation
- Nuclear power generation
- Offshore wind power generation
By End-User
- Commercial
- Industrial
- Utilities
Global Power Cable Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- ABB LTD.
- BAHRA CABLES CO
- BELDEN INC.,
- BRUGG KABEL AG
- CABLE CORP.
- ENCORE WIRE CORP
- FINOLEX CABLES LTD.
- FUJIKURA LTD.
- FURUKAWA ELECTRIC CO., LTD.,
- GENERAL CABLE
- HENGTONG GROUP CO. LTD.
- KEI INDUSTRIES
- L S CABLE AND SYSTEMS LTD.
- LEONI AG
- NEXANS S.A.
- NKT A/S
- POLYCAB INDIA LTD.
- PRYSMIAN S.P.A
- RIYADH CABLES GROUP CO.
- SOUTHWIRE CO. LLC
- SUMITOMO ELECTRIC INDUSTRIES, LTD.
- TPC WIRE & CABLE CORP.
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
