Energy Cable Market Analysis

The market is segmented by type into low, medium and high voltage cable, out of which, the low voltage cable segment is anticipated to hold the largest share in the energy cable market on account of high infrastructural development in the residential sector, and rising requirement to create accommodation for migrating people in urban areas. The growing introduction of electronic devices is also predicted to boost the growth of this market segment in the future. Furthermore, on the basis of application, the utility segment is assessed to acquire the largest market share over the forecast period owing to the increasing set up of new utilities to meet the rising demand for electricity, and growing usage of solar and wind energy around the world. In the year 2019, solar energy worth around 724 TWh was generated, which increased to a large extent since 2018, accounting to about 529 TWh of energy in that year.  

Our in-depth analysis of the global market includes the following segments: