Power Cable Market Analysis By Distribution Type, Voltage Rating, End Use, And Region 2022-2031

(CTN News) – “Power Cable Market by Distribution Type (Underground, Submarine, Overhead), Voltage Rating (Up to 36 kV, 37 kV to 100 kV, 101 kV to 250 kV, 251 kV to 350 kV, 351 kV and Above), and End Use (Residential, Commercial, Industrial, Utilities)” published by Allied Market Research:

In “Global Opportunity Analysis and Industry Forecast, 2021-2031”, the power cable market generated $148.6 billion in 2021, and is expected to reach $277.8 billion by 2031, with a compound annual growth rate of 6.4%.

The global power cable market continues to grow due to the increasing use of renewable energy, the deployment of new power grid infrastructure, the use of smart grids, ongoing technological advancements, and an increase in demand for submarine power cables.

A detailed analysis of market trends, top segments, key investment pockets, value chains, and regional landscapes are included in the report. Leading market players, new entrants, investors, and stakeholders can use the report to plan for the future and strengthen their market positions.

Among the leading players are Riyadh Cables Group Company, Prysmian Group (General Cable), LAPP North America, Nexans S.A., Brugg Cables, NKT A/S, FINOLEX CABLES LIMITED, Encore Wire Corporation, Polycab India Ltd., KEI Industries Ltd., TPC Wire & Cable Corp., ABB Ltd., and Belden Incorporated.

A detailed analysis of these key players is provided in the report. Companies use a variety of strategic approaches to gain market penetration and strengthen their position in the industry, including acquisitions, contracts, collaborations, partnerships, and product launches.

This report provides information about each market player’s performance, product portfolio, and development.

Stakeholder benefits include:

. An analysis of the power cable market from 2021 to 2031 is provided in this report to identify the prevailing opportunities in the market.

. Market research is provided along with information about key drivers, restraints, and opportunities.

. Buyers’ and suppliers’ potency to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer networks is highlighted in Porter’s five forces analysis.

. The segmentation of the power cable market assists in determining the opportunities available in the market.
. Global revenue contribution of major countries is mapped for each region.

. An understanding of the current market position of the players facilitates benchmarking.

. Power cable market trends, key players, market segments, application areas, and market growth strategies are analyzed in the report.

According to the report, the global power cable market is segmented by distribution type, voltage rating, and end use.

Tables and figures provide an analysis of each segment and sub-segment. In the coming years, this analysis will assist market players, investors, and new entrants in determining the sub-segments to capitalize on.

By voltage rating, the segment up to 36 kV dominated the global power cable market in 2021, with more than half of the market.

In contrast, a CAGR of 10.0% is predicted for the 351 kV and above segment. Segments such as 37 kV to 100 kV, 101 kV to 250 kV, and 251 kV to 350 kV are also examined.

Nearly one-third of the global power cable market was accounted for by the residential segment in 2021. The utilities segment, however, is expected to dominate revenue and have the fastest CAGR of 7.7%. Commercial and industrial segments are also examined.

In 2021, the overhead segment held the largest share of the global power cable market, and would maintain its lead in revenue through 2031. A CAGR of 10.3% is forecast for the submarine segment. The underground segment is also covered.

APAC accounted for more than two-fifths of the global power cable market in 2021 and would maintain its dominance during the forecast period. In LAMEA, the CAGR will be 7.9% from 2022-2031. North America and Europe are also analyzed in the study.

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