New York, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "GLOBAL HIGH VOLTAGE CABLE MARKET FORECAST 2023-2032" - https://www.reportlinker.com/p06372989/?utm_source=GNW
As a result of this surge, the demand for more power transmission and generation is expected, thereby increasing the requirement for high voltage cables.
Moreover, the rapidly increasing rate of infrastructural development in various nations is predicted to drive the need to set up robust electrical transmission and connectivity solutions, surging growth of the global high voltage cable market.
Furthermore, depleting fossil fuels have attracted governments’ attention worldwide, resulting in investments in renewable energy projects like tidal power plants, solar plants, and onshore & offshore wind farms.Besides, the growing electricity requirements have led to numerous renewable energy projects.
Therefore, high voltage cable demands in power distribution centers, oil & gas mining, and power utilities industries are increasing rapidly.
REGIONAL INSIGHTS
The global high voltage cable market growth assessment entails the evaluation of Europe, North America, Asia-Pacific, and Rest of World. Asia-Pacific is expected to dominate the market in revenue owing to the growing electricity infrastructure in developing countries and the presence of leading energy producers in the region.
COMPETITIVE INSIGHTS
Competitiveness among companies is predicted to continue during the projected period owing to the presence of numerous reputable market players.Due to strict government regulations, the rivals strive to acquire more contracts to maintain their position.
As a result, there is fierce competition among market participants.
Some of the leading companies in the market include Siemens, Prysmian Group, Nexans, Southwire Company LLC, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Companies mentioned
1. DUBAI CABLE COMPANY PVT LTD
2. FINOLEX CABLES
3. FURUKAWA ELECTRIC CO LTD
4. HITACHI LTD
5. NEXANS
6. NKT CABLES
7. PRYSMIAN GROUP
8. SIEMENS AG
9. SOUTHWIRE LLC
10. SUMITOMO ELECTRIC INDUSTRIES LTD
11. SYNERGY CABLES LTD
12. TBEA CO LTD
13. TELE-FONIKA KABLE SA
14. TRATOS
Read the full report: https://www.reportlinker.com/p06372989/?utm_source=GNW
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