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The global power cables market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Power cables are current carrying conductors which are used for the distribution and transmission of electrical energy. These cables consist of various components such as conductors, insulation, armors, and PVC outer and inner sheaths. Power cables are designed using different materials to provide long-term reliability against industrial and environmental exploitation. These materials protect them from mechanical, thermal and environmental conditions, and provide the right amount of insulation and current conductivity. Power cables are widely used in submarines for transmission purposes, underground cabling for utility distribution networks and to provide a connection between generators and transformers.
Countries around the world are expanding their existing renewable power generation plants to cope with the rapidly increasing power demand which, in turn, has created a significant need for power cables. Further, with technological advancements in material sciences, improved synthetic insulating compounds have been developed from thermoplastic, thermosetting and fluorocarbon materials. These materials are widely used for developing power cables. Moreover, an intelligent cable technology has been developed that can analyze and record different parameters throughout the cable system. This technology is expected to make energy and data streams more secure and efficient. Manufacturers are also developing certification programs to eliminate the potential risks of overheating and fire. For instance, UL LLC has developed an Information and Communication Technology (ICT) Power Cable Certification program specifically for cable assemblies to provide power and data transmission or charging to various devices connected in a circuit.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global power cables market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on installation, voltage, end-use sector and material.
Breakup by Installation:
Breakup by Voltage:
Breakup by End-Use Sector:
Breakup by Material:
Breakup by Region:
The competitive landscape of the industry has also been examined with some of the key players being Prysmian Group, Belden Inc., Encore Wire Corporation, Finolex Cables Ltd., Fujikura Ltd., Furukawa Electric Co., Ltd., Hengtong Group, KEI Industries, L S Cable and Systems, Leoni AG, Nexans, NKT Holding, Southwire Company, Sumitomo Electric Industries, TPC Wire and Cable Corp., etc.
|Base Year of the Analysis||2020|
|Segment Coverage||Installation, Voltage, End-Use Sector, Material, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico, Argentina, Colombia, Chile, Peru, Turkey, Saudi Arabia, Iran, United Arab Emirates|
|Companies Covered||Prysmian Group, Belden Inc., Encore Wire Corporation, Finolex Cables Ltd., Fujikura Ltd., Furukawa Electric Co., Ltd., Hengtong Group, KEI Industries, L S Cable and Systems, Leoni AG, Nexans, NKT Holding, Southwire Company, Sumitomo Electric Industries, and TPC Wire and Cable Corp.|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
Key Questions Answered in This Report:
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