Press Release

Power Cables Market Insights By Revenue, Upcoming Trends And Top Players Forecast Till 2026

Key Companies profiled are Prysmian Group (Italy), ABB (Switzerland), Nexans (France), General Cable (US), NKT Cables(Denmark), Encore Wire Corporation (US), Finolex Cables (India), Bahra Cables Company (Saudi Arabia), BRUGG Cables (Switzerland), Riyadh Cables Group Company (Saudi Arabia), Polycab India (India), KEI Industries (India).

The global power cables market size is projected to reach USD 272.88 billion by the end of 2027. The increasing demand for energy and power across the world will lead to a wider product adoption. According to a report published by Fortune Business Insights, titled “Power Cables Market Size, Share & Industry Analysis, By Installation (Overhead, Underground and Submarine) By Cable Type (Low Voltage Cable, Medium Voltage Cable, High Voltage Cable), By Voltage (Up to 240V, 240V-1kV, 1kV-15kV, 15kV-100kV, 100kV-250kV, Above 250kV), By Application (Residential, Commercial, Industrial and Utility), and Regional Forecast, 2020-2027,” the market was worth USD 168.28 billion in 2019 and will exhibit a CAGR of 6.8% during the forecast period, 2020-2027.

To Gain More Insights into the Power Cables Market, Browse Summary of the Research Report: https://www.fortunebusinessinsights.com/power-cables-market-102405

List of Key Companies Profiled in the Power Cables Market Research Report are:

  • Prysmian Group (Italy)
  • ABB (Switzerland)
  • Nexans (France)
  • General Cable (US)
  • NKT Cables(Denmark)
  • Encore Wire Corporation (US)
  • Finolex Cables (India)
  • Bahra Cables Company (Saudi Arabia)
  • BRUGG Cables (Switzerland)
  • Riyadh Cables Group Company (Saudi Arabia)
  • Polycab India (India)
  • KEI Industries (India)

Request a Sample Copy for more detailed Power Cables Market Overview: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/power-cables-market-102405

Increasing Number of Company Mergers Will Bode Well for Market Growth

The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of company mergers and acquisitions has made the highest impact on market growth. The high investment in the deployment of solar and wind projects and the role of power cables in these projects is a primary reason why companies are collaborating with vendors. In April 2020, Larsen and Toubro announced that it has bagged multiple contracts from the Indian government for several power transmission and distribution projects across the country. The contract is said to worth an amount ranging from Rs 1000 crores to Rs 2500 crores. The contract is aimed at transforming high voltage overhead cable lines into underground cables; a factor where power cables will play a huge role. This will not just help the growth of the company, but will have a positive impact on the growth of the market in the coming years.

Have Any Query? Ask Our Experts – https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/power-cables-market-102405

Asia Pacific to Account for the Highest Share; Rising Demand for Electricity in Several Countries to Aid Growth

The report analyzes the ongoing market trends across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among these regions, the market in Asia Pacific is projected to emerge dominant in the coming years. The rising population and the increasing demand for power and energy will lead to a wider product adoption. The increasing efforts put in to harness renewable energy sources such as solar and wind will create several opportunities for the companies operating in the market. The presence of several large scale companies in this region will also contribute to market growth. As of 2019, the market in Asia Pacific was worth USD 60.96 billion and this value is projected to increase further in the coming years. Besides Asia Pacific, the market in North America will also witness considerable growth driven by the efforts taken to maximize the production and use of solar energy in several utilities.

Purchase Full Report for Exclusive Power Cables Market Growth Forecast – https://www.fortunebusinessinsights.com/checkout-page/102405

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Smart Meters Market Outlook 2026: Top Companies, Trends, Growth Factors Details by Regions, Types, Technology and Applications

Motor Control Centre Market: Global Industry Analysis by Size, Share, Growth, Trends and Forecast 2020 – 2027

Medium Voltage Protection Relay Market: Global Industry Analysis by Size, Share, Growth, Trends and Forecast 2020 – 2026

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