High Voltage Cable Market Trends

  • Report ID: 3064
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

High Voltage Cable Market Trends

Growth Drivers

  • Increasing Energy Consumption Around the World
  • Robust Growth of Renewable Energy Sector

Challenges

  • Delay in Electricity Project Approval in Lower Income Economies

High Voltage Cable Market: Key Insights

Base Year

2023

Forecast Year

2024–2036

CAGR

6.5%

Base Year Market Size (2023)

USD 40.59 billion

Forecast Year Market Size (2036)

USD 92.04 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Dhruv Bhatia


  • Report ID: 3064
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing energy consumption around the world and robust growth of renewable energy sector are the major market growth drivers.

The market is anticipated to attain a notable CAGR over the forecast period, i.e., 2021 – 2029.

Delay in electricity project approval in under-developed and developing countries is estimated to hamper the market growth.

Asia Pacific will provide more business growth opportunities on the back of increasing population and power requirement in the region.

The major players in the market are ABB Ltd, Finolex Cables Ltd, Nexans SA, Prysmian SpA, NKT A/S, and others.
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