Global Power Cable Market Size is All Set to Hit the Sales of $262.54 Billion by 2030

Power Cable Market Report 2021-2030

Power Cable Market Report 2021-2030

PORTLAND, OREGON, UNITED STATES, November 10, 2021 / — Allied Market Research published a report, titled, “Power Cable Market by Installation Type (Overhead, Underground, and Submarine), Voltage (Low, Medium, and High), and End Use (Residential, Commercial, Industrial, and Utilities): Global Opportunity Analysis and Industry Forecast, 2021–2030”. According to a report, the global power cable industry size was valued at $143.01 billion in 2020, and is projected to reach $262.54 billion by 2030, registering a CAGR of 6.5%. Asia-Pacific is expected to be the leading contributor to the global market during the forecast period, followed by North America and Europe.

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The power cable market analysis is segmented on the basis of installation type, voltage, end use, and region. The installation type segment is further categorized into overhead, underground, and submarine. By voltage, the market is divided into low, medium, and high. According to the end user, the market is segmented into residential, commercial, industrial, and utilities. Region wise, the power cable market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for a significant share of the global market in 2020, owing to increase in the number of electrification project and rise in demand for uninterrupted power supply.

The surge in demand for a reliable electricity supply has been one of the major concerns for both industrial and utility sectors to efficiently run operations in North America. In addition, increase in incorporation of renewable technologies coupled with an expansion of HVDC & UHVDC systems boosts the growth of the North America power cable market.

The Report Comprises-

• Self-explanatory graphs and tables
• A detailed overview of the global Power Cable Market
• Study of the global Power Cable Market trends along with data from 2021, evaluations for 2021, and assessments of compound annual growth rates (CAGRs) through 2030
• An interpretation of the drivers, opportunities, and restraints

The report provides size and forecast by assessing the global Power Cable Market with various segments categorized on the basis of type, applications, and end-users. Moreover, it also encompasses the geographical market analysis of these segments. Each section is analyzed at the respective regional level to procure a comprehensive understanding of the global Power Cable Market.

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Major Players in the Market: Prysmian Group, ABB, Nexans, General Cable, NKT Cable, Encore Wire Corporation, Finolex Corporation, Brugg Cables, Riyadh Cable Group Company, Polycab India, and KEI Industries.

The competitive scenario of the global Power Cable Market is conferred in the report, offering detailed breakdown on competitive landscape. The frontrunners operating in the Power Cable Market are thoroughly studied to concede their share, position, and competitive strength in the industry. Evaluation of these key players is encompassed in the report to help in offering an exhaustive understanding of these players in the industry. Moreover, the company profile section offers different data points such as company overview, key executives of the organization, prime growth strategies incorporated by the company, novel initiatives or strategies adopted by company to perk up their global position.

Key points covered by the report:

• How lucrative is the growth opportunity for the Power Cable Market?
• Which are the top companies covered in the Power Cable Market? What are their prime stratagems to strengthen their market position?
• What are the regions studied in the Power Cable Market report? What would be the share of Asia-Pacific, Europe, North America, and LAMEA in this market throughout the forecast period?
• How has COVID-19 impacted the Power Cable Market?

Research Methodology:

The research report offers clients with an exhaustive study and research based on a broad variety of factual inputs, which mainly take in interviews with industry applicants, consistent statistics, and regional analysis. The in-house industry experts play an important role in mapping out analytic tools and models, fabricated as per the requirement of an industry segment.

COVID-19 Impact Analysis

Providing a micro- and macro-economic analysis, the report offers an overall impact of COVID-19 on the Power Cable Market in detail. The explicit analysis emphasizes on the market share and size, which has clearly depicted the impact that the pandemic has had on the global Power Cable Market in past year and is likely to have in the coming years. At the same time, the report also illustrates the strategies incorporated by the key players in order to fight the unprecedented situation.

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of AMR, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Analytics LLP
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Source: EIN Presswire