According to the recent study the Energy Cable Market is projected to reach an estimated $195 billion by 2030 from $134 billion in 2023, at a CAGR of 5.2% from 2023 to 2030. Growth in this market is primarily driven by growth in electricity consumption due to industrialization, urbanization, electrification of rural areas, and increasing construction activities.
Browse 114 figures/charts
and 72 tables in this 185-page report to understand trends, opportunities and
forecast in energy cable market by product type (low voltage energy cables and
power cables), voltage type (low voltage cables, medium voltage cables, and
high voltage cables), end use industry (utilities, industrial, residential, and
commercial), and region (North America, Europe, Asia Pacific, and the Rest of
the World).
“Low voltage cables market
is expected to remain the largest segment during the forecast period.”
Based on product type,
the energy cable market is segmented into low voltage cables, medium voltage
cables, and high voltage cables. Lucintel forecasts that the low voltage cables
market is expected to remain the largest segment due to growth in construction
as well as automotive sector, especially in China and India.
“Within the energy cable market, the Utilities segment is expected
to remain the largest end use industries.”
Based on end use
industries the utilities segment is expected to witness the highest growth over
the forecast period due to the continuous expansion in electrical
infrastructure to fulfill growing electricity demand.
“Asia pacific will dominate the energy cable market in near
future.”
Asia Pacific is expected
to remain the largest market over the forecast period due toe conomic
expansion, industrialization, urbanization, and rural electrification projects,
particularly in India and China, are leading the demand for energy cables.
Download sample by clicking on
Energy Cable Market.
Major players of energy
cable market are adopting various growth strategies like new product launches,
expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand their presence in this market. Prysmian Group, Nexans
S.A., Leoni AG, NKT A/S, Sumitomo Electric Industries, Encore Wire Corporation,
KEI Industries Limited, and Southwire are among the major energy cable providers.
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.
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. 972.636.5056
Explore Our Latest
Publications
No comments:
Post a Comment