North America Power and Control Cable Market Size (2020 to 2026) – Industry Trajectory & Analytics
Category: #energy-and-environment  By Ronak Bora  Date: 2021-04-15
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North America Power and Control Cable Market Size (2020 to 2026) – Industry Trajectory & Analytics

The North America power and control cable market size is set to observe continuous surge due to the extensive usage of these products across industrial and utility sector. As several new infrastructural projects are sprouting across the region, the industry landscape will reap the rewards of the opportunities created by the construction of railways, metro cities, smart cities, and airports. The industry for power and control cables across the region is also likely to advance by virtue of deployment of advanced products that ensure higher distribution and transmission efficiency across the power grid network.

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The industrial application segment is likely to register a high growth pace through the forthcoming times, thanks to the emphasis on expanding the smart grid network. As more offshore wind and solar projects have been cropping up, the demand for these solutions is expected to multiply rapidly. Moreover, efforts are being made toward the reduction of T&D losses. Renewable energy generation initiatives have also been accelerating the power and control cable market in North America.

A remarkable expansion of the market for power and control cables in Canada is in the cards. The regional market appears to present considerable opportunities due to the thriving cement, power, oil & gas industries amongst others. The government of the country has been implementing measures to upscale the existing network for voltage transmission. The power and control cable industry is also likely to benefit from the extension of UHV and EHV networks coupled with a focus toward refurbishing the energy, telecom, and railway sectors.

The Canadian market has also been advancing owing to the measures focused on the upgradation of the old voltage transmission networks existing in the region. The incorporation of sustainable power infrastructure has also been forwarding the pace of growth.

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RPG cables, Southwire Company, Lake Cable LLC, Nexans, LS Cable & System Ltd., Belden Inc., Philatron wire, and Prysmian Group are a few leading manufacturers of power and control cables in North America.

Table of Contents (ToC) of the report:

Chapter 3   North America Power and Control Cable Market Trends

3.1    Industry coverage

3.2    Industry size & forecast, 2015 – 2026

3.3    Value chain analysis

3.3.1    Company product snapshot

3.4    Innovation landscape

3.5    COVID - 19 impact on the industry outlook

3.6    Regulatory norms & directives

3.7    Drivers & restraints

3.7.1    Market drivers

3.7.2    Market restraints

3.8    Industry analysis - Porter's

3.9    Product growth mapping

3.10    Competitive benchmarking, 2019

3.11    PEST analysis

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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