According to a market report by Lucintel, the future of the global power cable market looks promising with opportunities in the utilities, industrial, residential, and commercial markets. The global power cable market is expected to reach an estimated $98 billion by 2030 from $62 billion in 2023 at a CAGR of 6.8% from 2023 to 2030. The major drivers for this market are rapid urbanization and infrastructure development, technological advancements in power cable design, and transition towards renewable energy sources, such as wind, solar, and hydroelectric power.
A more than 150-page report to
understand trends, opportunity and
forecast in global power cable market to 2030 by voltage type (low voltage,
medium voltage, and high voltage), installation (overhead, underground, and
submarine), end use industries (utilities, industrial, residential, and
commercial), and region (North America, Europe, Asia Pacific, and the Rest of
the World)
Lucintel
forecasts that low voltage cable will remain the largest segment over the
forecast period due to growth in construction as well as automotive sector,
especially in China and India.
Within
this market, utilities will remain the largest segment due to the continuous
expansion in electrical infrastructure to fulfill growing electricity demand.
Download
sample by clicking on power cable market.
Prysmian
Group, Nexans S.A., Leoni AG, NKT A/S, Sumitomo Electric Industries, Encore
Wire Corporation, KEI Industries Limited are the major suppliers in the power
cable market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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