Power and Control Cable Market Size 2022: Size, Industry Share, Approaches, and Forecast By 2026
Category: #energy-and-environment  By Ronak Bora  Date: 2022-06-17
  • share
  • Twitter
  • Facebook
  • LinkedIn
Power and Control Cable Market Size 2022: Size, Industry Share, Approaches, and Forecast By 2026

Large-scale integration of renewable projects coupled with upgradation of existing grid networks to sustain increasing electricity demand could drive power and control cable market growth. Robust technological advancements as well as R&D investments pumped by cable manufacturers is projected to fuel industry expansion.

Power cables are in huge demand owing to government efforts to raise power generation and transmission capacity. There is also a focus towards using high quality cables and replacement of existing electrical equipment. Environmental concerns driving the adoption of cleaner technologies could subsequently raise product demand across renewable projects.

Request for a sample copy of this research [email protected] https://www.decresearch.com/request-sample/detail/1502

Driven by surging demand, power and control cable manufacturers are working on new product development initiatives. For instance, in 2020, major cable producer, Nexans announced the extension of its product range with the launch of the innovative MOTIONLINE Servo Motor Premium 90 degree cables, which are designed to withstand harsh environments and higher temperatures in fast-moving automation applications such as machine tools and drag chains.

With such innovations, Global Market Insights, Inc., estimates that the power and control cable market may surpass USD 170 billion by 2026. This growth can be credited to increasing industrialization and investments towards the expansion of commercial and utility infrastructure throughout developing nations.

Mentioned below are some of the key trends that may propel power and control cable market outlook:

  1. Increasing adoption of low-voltage distribution networks

The low voltage power and control cable segment is anticipated to grow substantially owing to increasing preference towards secondary power distribution and internal wiring applications. The adoption of low-voltage distribution networks is quickly expanding across commercial and residential establishments. Reduced distribution losses and flexible product configurations are likely to boost product usage.

Request for [email protected] https://www.decresearch.com/roc/1502

  1. Expansion of utility-based distribution networks

Rising cross-border electrical network expansion is driving rapid adoption of utility-based distribution networks. Concerns regarding energy-efficient electricity corridors across nations is expected to fuel industry expansion over the forecast timeframe.

  1. MEA emerging as a lucrative revenue ground

The Middle East & Africa power and control cable market is projected to grow over 7% on account of robust electricity demand and lack of grid infrastructure across certain countries. The re-establishment of electric grid infrastructure in the war affected countries is likely to have a significant positive impact on the regional power and control cable market.

Apart from product launches, several market players are focusing on business expansion strategies. For example, in 2018, Indian wire and cable manufacturer, KEI Industries announced its plans to grow its network to 120 direct and 1300 retail outlets by 2020-2021, in order to achieve the company’s target of rupees 200 crore of retail business.

Table of contents for this research [email protected] https://www.decresearch.com/toc/detail/power-and-control-cable-market

About Us: –

DecResearch.com, powered by GMI, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed ‘Table of Contents’ for reports being regularly published by GMI. Via this platform, users not only get to answers to their questions about these reports, they also have an additional avenue to talk to the sales and research teams of GMI to learn more about the topics of their interest.

Contact Us: –

DecResearch.com

Website: – https://www.decresearch.com

Email: [email protected]

  • share
  • Twitter
  • Facebook
  • LinkedIn

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...

Read More >>

More News By Ronak Bora

Outdoor LED Display Market Size 2022 Growth Research Report by 2024
Outdoor LED Display Market Size 2022 Growth Research Report by 2024
By Ronak Bora

Outdoor LED Display Market size is forecast to exceed USD 22.4 billion by 2024; according to a new research report by Global Market Insights, Inc. On account of companies aiming to use attractive, eye-catchy, bright advertising displays & billboa...

Wi-Fi Hotspot Market Share Analysis 2022 | Business Growth Statistics, Key Players Insights, Demand, Growth, Trends, Segmentation and Forecasts Research to 2024
Wi-Fi Hotspot Market Share Analysis 2022 | Business Growth Statistics, Key Players Insights, Demand, Growth, Trends, Segmentation and Forecasts Research to 2024
By Ronak Bora

Wi-Fi Hotspot Market size is set to exceed USD 23 billion by 2024, according to a new research report by Global Market Insights, Inc. The global Wi-Fi hotspot market is projected to witness exponential growth in the ensuing years, on account of risin...

Solar Panel Cleaning Market Size 2022 Revenue Analysis Global Research Report By 2026
Solar Panel Cleaning Market Size 2022 Revenue Analysis Global Research Report By 2026
By Ronak Bora

Introduction of advanced technologies and rising end user inclination towards renewable energy sources for power generation could drive new growth strides in solar panel cleaning market. Improvements in existing water-based cleaning operations that a...