The rising awareness about green energy sources across the world is transforming the energy and power industry. The trend of green energy is emerging on account of increasing environmental pollution from traditional energy resources. Governments are playing a significant role in conducting awareness programs about clean energy. Fortune Business Insights™ in a report, titled “High Voltage Cable Market Size, Industry Share and Growth Rate 2019-2026” published the above information.
Browse Complete Report Details – https://www.fortunebusinessinsights.com/industry-reports/high-voltage-cable-market-100794
Fortune Business Insights™ provides a detailed evaluation of the global market by analyzing the factors driving the market. Besides this, it also discusses some of the economic trends prevailing in the energy and power industry. These trends are analyzed in the report to see an overall impact on the global market.
Top Players Overview:
Some of the leading players operating in the global High Voltage Cable market include;
- Prysmian Group
- ABB Group
- Cable Corporation of India
- General Electric
- Jiangnan Groups Ltd.
- Sumitomo Electric
- LS Cable & System
- Furukama Electric Groups
- Walsin Lihwa
- Far East Cable Co. Ltd.
Increasing use of smart grids and smart metering are likely to help for the better management of power services. Better infrastructural facilities are also expected to encourage growth in the market.
The increased spending on oil and gas across the world is another factor likely to drive the High Voltage Cable Market. Rising investments in energy efficiency projects backed by governments may also stimulate growth in the market. The penetration of renewable sources is increasing, fueling demand for energy and which is expected to drive the High Voltage Cable Market.
“Rising Investment in Power Transmission Will Boost Growth in Asia Pacific”
The high voltage cable market in Asia Pacific is expected to grow significantly during the forecast period owing to the increasing government investments in infrastructure development for power transmission. North America is expected to witness high growth during the forecast period owing to the implementation of stringent policies to curb the carbon emission. Rising investment in infrastructure development for renewable power generation such as solar, wind, and others will also boost growth in the region. In Europe, the government is focusing on to establishment of underground high power cable to protect from a power outage during snowfall and storm. Robust in manufacturing and construction activities and growth in investment in renewable energy which tends to drive the demand for high voltage cable in Europe. In Latin America, Events such as FIFA world cup, which was held in Brazil. There was a massive construction for electrification, as it requires high voltage cables. This factor is expected to favour growth in Latin America.
Key Segmental Overview:
- By Installation
- By Voltage
- By End-user
- By Geography
The information used is derived from various primary and secondary sources. It also throws light on some of the major players operating in the market. The report studies profiles of these leading companies and their share in the market. It provides insights on some of the strategies adopted by these companies to survive the competition and maintain their stronghold.
- North America (The USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
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