PUNE, India, September 22, 2017 /PRNewswire/ --
The report "Medium Voltage Cables &
Accessories Market by Installation (Overhead, Underground,
Submarine), Products (MI, XLPE Cables, Terminations, Joints),
Voltage (1-5, 6-13, 23, 34, 45, 69kV), End-User (Industrial,
Infrastructure, Renewables) - Forecast to 2022", published by
MarketsandMarkets™, the market is expected to grow from an
estimated USD 41.45 Billion in 2017
to USD 56.18 Billion by 2022, at a
CAGR of 6.27%, from 2017 to 2022. Increase in renewable energy
generation and rapid industrialization and urbanization is expected
to drive the market for medium voltage cables and accessories.
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Browse 132 Market Data Tables and 36 Figures spread through
201 Pages and in-depth TOC on "Medium Voltage
Cables & Accessories Market"
http://www.marketsandmarkets.com/Market-Reports/medium-voltage-cable-market-15193142.html
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The underground medium voltage cables and accessories segment
of the installation market is expected to hold the largest share
during the forecast period.
On the basis of installation, the Medium Voltage Cables &
Accessories Market has been segmented into underground, overhead,
and renewables. The underground sector accounted for the largest
market share. Several benefits of using underground cables are
lower transmission loss and maintenance costs, they release no
electric fields, and can easily absorb power loads; these factors
are expected to drive the Medium Voltage Cables & Accessories
Market. Thus, the underground segment of the Medium Voltage Cables
& Accessories Market is expected to grow at the highest CAGR
during the forecast period.
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The industrial segment is expected to lead the Medium
Voltage Cables & Accessories Market during the
forecast period.
On the basis of end-user, the Medium Voltage Cables &
Accessories Market has been categorized into three segments,
namely, industrial, infrastructure, and renewables. The industrial
segment is expected to account for half of the Medium Voltage
Cables & Accessories Market in 2017. The industrial segment
includes utilities, oil & gas, mining and metals, chemicals and
petrochemicals, cement and manufacturing, and other industries.
Investments in power transmission and distribution would drive the
industrial segment of the Medium Voltage Cables & Accessories
Market.
Asia Pacific: The leading
market for medium voltage cables and accessories
In this report, the Medium Voltage Cables & Accessories
Market has been analyzed with respect to five regions, namely,
Asia Pacific, Europe, North
America, the Middle East
& Africa, and Latin America. The market in Asia Pacific led the global Medium Voltage
Cables & Accessories Market in 2016. Rapid development and
rising investments in the region would drive the demand for medium
voltage cables and accessories. This would lead to increased power
transmission and distribution as well as the replacement of mature
power transmission infrastructure. Investments in smart grid
technology in countries such as China, India,
Japan, Australia, and those in the rest of
Asia Pacific would create
opportunities for the Medium Voltage Cables & Accessories
Market.
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To enable an in-depth understanding of the competitive
landscape, the report includes the profiles of some of the top
players in the Medium Voltage Cables & Accessories
Market. These include Prysmian S.p.A. (Italy), Nexans S.A. (France), General Cable Corporation (US), NKT
Group A/S (Denmark), and LS Cable
& System Ltd. (South Korea).
The leading players are trying to understand the markets in
developing economies and are adopting various strategies to
increase their market shares.
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