Global Medium Voltage Cable Market was Valued at USD 33.8 Billion in 2014

Date: 2015-09-17

“Global medium voltage cable market was valued at USD 33.8 billion in 2014 and is projected to reach USD 48.8 billion by 2020, at a CAGR of 6.8% during the forecast period 2015 to 2020. The report offers detailed analysis of medium voltage cable market, with regards to the current scenario and the trends prevailing in the industry. The market has been analyzed geographically and is segmented into major regions including Asia-Pacific, North America, Europe, Middle East & Africa and Latin America. Further, the market has been segmented on the basis of end-user, such as industrial, renewables and infrastructure. Based on the type of installations (overhead, underground and submarine), the report provides valuable information on medium voltage cable market on the global as well as country level (China, India, U.S., Canada, U.K., Germany, Brazil, Argentina, Saudi Arabia and South Africa among others). 

Key players including Prysmian S.P.A(Italy), General Cable Corporation (U.S.), Nexans S. A. (France), NKT cables group GmbH (Germany) ,Sumitomo Electric Industries Ltd. (Japan), ABB Limited (Switzerland), Brugg Group(Switzerland),Dubai Cable Company Limited(Dubai),Kabelwerk Eupen Ag(Belgium),Leoni AG(Germany), LS Cable & System(Korea), Southwire (U.S.),Hendrix(Milford), and TPC Wires & Cable Corporation(U.S.), and other leading companies in medium voltage cable market have been profiled in this report. 

Asia-Pacific dominated the medium voltage cable market in 2014, followed by Europe. The need to continuous supply of electric power in various industries such as, oil & gas, chemicals, and cement among others are expected to drive the MVCA market in Asia-Pacific region. Furthermore, infrastructure construction in China, India, Indonesia, and Malaysia, are expected to boost the MVCA market in the coming years. The market in Asia-Pacific is projected to grow at a higher rate of 7.1% from 2015-2020, in medium voltage cables and accessories market, with China showing the fastest growth within the region. Europe accounted for the second largest MVCA market in 2014. Increasing investment in wind energy, growing industries, and increasing power generation offer huge potential for MVCAs in Europe.

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