Le Lézard
Classified in: Science and technology
Subject: SVY

The global medium voltage cables market at a CAGR of almost 5% during the forecast period

NEW YORK, Oct. 21, 2019 /PRNewswire/ -- Global Medium Voltage Cables Market: About this market
This medium voltage cables market analysis considers sales from overhead, underground, and submarine installations. Our study also finds the sales of medium voltage cables in APAC, Europe, North America, South America, and MEA. In 2018, the overhead segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as an increase in long-distance transmission will play a vital role in the overhead segment to maintain its market position. Also, our global medium voltage cables market report looks at factors such as rising global energy demand, increasing number of smart grid projects, and aging power infrastructure. However, fluctuation in raw material prices, slowdown in manufacturing output, and technical and operational challenges may hamper the growth of the medium voltage cables industry over the forecast period.

Read the full report: https://www.reportlinker.com/p05823475/?utm_source=PRN

Global Medium Voltage Cables Market: Overview
Rise in global energy demand
The increase in the urban population and the increase in industrial operations around the world have drastically increased the energy demand. With the rise in energy demand, the number of power plants and transmission fines has grown significantly and will continue to rise. Power distribution lines require medium voltage cables for applications, such as supplying power from substations to end-users. Therefore, with the growing demand for energy from end-users, such as the residential and industrial sectors, the need for medium voltage cables will also increase. This rise in global energy demand will lead to the expansion of the global medium voltage cables market at a CAGR of almost 5% during the forecast period.
Rising number of microgrid networks
A microgrid is a power grid that is smaller than a conventional electricity grid. Like traditional grids, microgrids produce, distribute, and control the flow of electricity to consumers. The power from microgrids is transmitted to end-users using low voltage and medium voltage cables. The implementation of microgrids is growing because of the increase in demand for electricity in rural and suburb areas. To cater to the growing energy demand in remote locations, governments are offering incentives to promote renewable power generation and increase microgrid facilities. The increase in investments in microgrids will create new opportunities for the global medium voltage cables market during the forecast period.

Competitive Landscape
With the presence of several major players, the global medium voltage cables market is highly fragmented. This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading medium voltage cables manufacturers, that include EL Sewedy Electric Co., Fujikura Ltd., Furukawa Electric Co. Ltd., LEONI AG, LS Cable & System Ltd., Nexans SA, NKT Group AS, Prysmian Spa, Southwire Co. LLC, Sumitomo Electric Industries Ltd.
Also, the medium voltage cables market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

Read the full report: https://www.reportlinker.com/p05823475/?utm_source=PRN

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

Contact Clare: clare@reportlinker.com
US: (339)-368-6001
Intl: +1 339-368-6001

SOURCE Reportlinker

These press releases may also interest you

at 02:17
Aker ASA ("Aker") today announced that its wholly owned subsidiary, Aker Horizons AS ("Aker Horizons"), and Aker Offshore Wind Operating Company AS ("Aker Offshore Wind") have entered into a cooperation agreement with Statkraft AS ("Statkraft") to...

at 02:17
Hansa Biopharma will publish its Year-End report 2020 at 8:00 CET on February 4, 2021. All interested parties are invited to participate in a telephone conference, which will include a presentation of the interim results and a business update, on the...

at 02:13
Castellum has received a proposal regarding the composition of the Board of Directors from Stichting Pensioenfonds ABP, the second largest shareholder in Castellum, and two members of the Election Committee, Vincent Fokke, representing Stichting...

at 02:11
BioArctic AB (publ) announced today that the European Patent Office (EPO) has issued a decision to grant European patent EP 2 448 968 B1 for novel antibodies that could be developed into a treatment for Alzheimer's disease. The antibodies target a...

at 02:05
MediaKind, a global change leader in media technology and services, has won two Emmy® Awards for Technology and Engineering. The National Academy of Television Arts and Sciences (NATAS) National Awards Committee's Technology & Engineering Achievement...

at 02:05
VarmX, a biotech company focusing on the development of innovative approaches for the reversal of anticoagulation, today announces the appointment of Dr. Gerard Short, MBBS, as Chief Medical Officer (CMO). As CMO, Dr. Short will be responsible for...

News published on 21 october 2019 at 12:15 and distributed by: