Published on : Apr 28, 2017
Albany, New York, April 28, 2017: Market Research Hub (MRH) has announced the addition of a new research report to its massive online offerings. This research report discusses the global overhead cables market and is titled “Global Overhead Cables Market 2017-2021”. The research study is an in-depth and professional study on the current state and future prospect of the global overhead cables market. It provides a comprehensive compilation of several market research reports on the various aspects of overhead cables, which is a crucial part of heavy industry.
The report predicts that the global overhead cables market is anticipated to rise at a CAGR of 5.92% between 2017 and 2021. It also identifies the upgrading of grid infrastructure as the primary growth driver for this market. This predicted growth has been fuelled by the increasing investment in smart grids due to the rising demand for electricity. Another key factor responsible for growth is the expanding railway, which has led to the increased demand for power cables that transmit power for railway systems. The ever-expanding metropolitan areas and population have increased demand for railways; thus, increasing the demand for overhead cables.
The report provides in-depth market insights to offer a holistic overview of the growth estimations and ongoing trends for overhead cables. It is an integration of both qualitative and quantitative methods, aimed at providing research objectives through the application of standard analytical tools, besides examining the present marketing trends, sales, and products. This market research report for overhead cables also lists the key drivers, restraints and challenges that major companies are currently experiencing. It also presents an investigation of the rapidly changing competitive landscape to provide a realistic picture of the future prospects of the overhead cable industry.
An important part of this report is the segregation of global market based on key parameters like voltage requirement and geographical region. Segmentation by voltage requirement are as follows:
- High Voltage
- Medium Voltage
- Low Voltage
The high voltage segment accounts for the majority of shares and tends to dominate the market. Factors responsible for this dominance are infrastructure upgrade, increased power generation capacity and high use of renewable sources to generate power. Prominent geographical regions covered by the report are the Americas, Europe, Asia-Pacific and the Middle East and Africa. Among these regions, the Asia-Pacific region will be the major revenue generator for the market throughout the forecast years. Factors responsible for this dominance are rising population, rapid industrialization and urbanization along with rising living standards of people.
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The competitive scenario for global overhead cable market is highly fragmented. Key players operating in the market are Prysmian Group, Nexans, Sumitomo Electric Industries, General Cable, NKT Holding, LS Cable & System, Hangzhou Cable, TPC Wire & Cable, Southwire, Hengtong Group, International Wire Group, Encore Wire, Belden, Finolex Cables, and KEI Industries.
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