Energy Cable Market is expected to reach $142.3 Billion by 2025 – An exclusive market research report by Lucintel
Lucintel’s latest market report analyzed that energy cable provides attractive opportunities in utilities, industrial, residential, and commercial sectors. The energy cable market is expected to reach $142.3 billion by 2025 with a CAGR of 5.4%. In this market, low voltage cable is the largest segment by voltage type, whereas utilities are largest by end use industry. Deployment of superconductors in power cables for improved performance and electron beam cross linking of power cable for durability and high current carrying capacity provides strategic growth path in this market.
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Based on voltage type, the energy cable market is segmented into low voltage cables, medium voltage cables, and high voltage cables. The low voltage cables segment accounted for the largest share of the market in 2020 due to growth in construction as well as automotive sector, especially in China and India and high voltage cable is expected to register the highest CAGR during the forecast period, due the increasing investment on renewable power generation sources and ultra-high voltage transmission lines.
Browse in-depth TOC on “Energy Cable Market”
72 – Tables
115 – Figures
185 – Pages
The energy cable market is marked by the presence of several big and small players. Some of the prominent players offering energy cable include Prysmian Group, Nexans S.A., Leoni AG, NKT S/A, Sumitomo Electric Industries Ltd, Encore Wire Corporation, and Southwire.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].
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