Selbyville, Delaware, Jan. 23, 2020 (GLOBE NEWSWIRE) --
The Power and Control Cable Market share is anticipated to exceed USD 190 Billion by 2026, as reported in the latest study by Global Market Insights, Inc. Rising inclination toward sustainable infrastructure coupled with growing demand for energy is positively influencing the product deployment.
Paradigm shift toward sustainable technologies in line with digitization of substation and monitoring control systems will boost power & control cable market. In addition, high penetration of these cables across the overall wires & cable industry in line with their wide applicability across comparatively low capacity networks will positively influence the product demand. Moreover, IoT power monitoring system enhancement coupled with ongoing fund allocation across smart grid infrastructure will complement the market growth. Expansion programs across communication, railways, & energy sectors coupled with ongoing investment across smart network will complement the industry share.
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North America, Europe and, Asia Pacific, in 2019 collectively held over 80% of industry share across the power & control cable market. Rapid fund flow across the LV distribution infrastructure coupled with ongoing urbanization will positively sway the overall business growth. Furthermore, growing inclination toward high investment in smart infrastructure coupled with refurbishment of existing T&D networks will complement the product demand.
Some major findings of power and control cable market forecasts report include:
- The demand for power and control cable is surging across T&D sector owing to their benefits such as high resistance to heat & safety and corrosive resistant ability.
- Increasing investments across telecommunications and industrial sector is anticipated to drive the business growth.
- Major players operating across power and control cable industry are Prysmian, NKT, and Nexans, etc.
- Rising investments toward R&D sector will cater power and control cables ability to offer reliable & efficient performance.
Browse key industry insights spread across 350 pages with 532 market data tables & 29 figures & charts from the report, “Power And Control Cable Market Outlook By Application (Utilities, Industrial (Power Plants, Oil & Gas, Cement)), Products (Power Cable , Control Cable), Voltage (HV, MV, LV (LV Power, LV Control)), Industry Analysis Report, Regional Outlook, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/power-and-control-cable-market
Increasing dependency on large industries including power generation and manufacturing facilities has fostered the high voltage cable market growth. In addition, heavy metal and mining industries along with the rapid expansion of railway networks will further institute a favorable business scenario. As the industry has been categorized to be amongst the highly regulated market platforms, standardized product specifications coupled with a huge focus on the safety and reliability of the overall electric network will fuel the overall industry dynamics.
The incorporation of renewable energy networks has compelled installers and utilities to focus on restructuring the existing electrical infrastructure. The traditional systems are being developed and enhanced depending on the resonating frequencies and bandwidth to sustain the volatility across the renewable networks. Henceforth, positive consumer and regulatory inclination toward the incorporation of sustainable electricity networks will foster the overall power and control cable market growth.
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Levant Power Cable Market Statistics By Application (Oil & Gas, Construction, Utility, Manufacturing, And Transport), Products (Power, Control), Voltage (HV, MV, LV), Industry Analysis Report, Regional Outlook, Price Trends, Competitive Market Share & Forecast, 2017 – 2024
https://www.gminsights.com/industry-analysis/levant-power-cable-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.