Energy Cable Sector: Growth Drivers and Challenges
Growth Drivers
-
Growing Consumption of Electricity Worldwide
-
Increasing Adoption of Renewable Energy Sources
Challenges
-
Complex Planning Associated with the Deployment of Energy Cables
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
Energy Cable Market size is projected to witness around 6.2% CAGR during the forecast period i.e., between 2025-2037.
The market growth is impelled by growing consumption of electricity worldwide and increasing adoption of renewable energy sources.
Asia Pacific industry is expected to account for largest revenue share by 2037, on the back of surge in demand for electricity and rising urban migration in countries such as India, China, Japan and South Korea.
The major players in the market are Fujikura Ltd., LS Cables & System Ltd., Furukawa Electric Co., Ltd., Prysmian SpA, NKT A/S, and others.
