Asia Pacific: The largest market for medium voltage cables and accessories in 2016

According to the market research report medium voltage cables & accessories market by Installation (Overhead, Underground, Submarine), Products (MI, XLPE Cables, Terminations, Joints), Voltage (1-5, 6-13, 23, 34, 45, 69kV), End-User (Industrial, Infrastructure, Renewables) - Forecast to 2022, published by MarketsandMarkets™, the global medium voltage cables & accessories market was valued at USD 39.31 Billion in 2016 and is projected to grow at a CAGR of 6.27%, from 2017 to 2022. Increase in renewable energy generation and rapid industrialization and urbanization are the major drivers for growth in the medium voltage cables & accessories market.

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medium voltage cables and accessories segment of the installation market is expected to hold the largest share during the forecast period.

On the basis of installation, the medium voltage cables and accessories market has been segmented into underground, overhead, and renewables. The underground sector accounted for the largest market share. Several benefits of using underground cables are lower transmission loss and maintenance costs, they release no electric fields, and can easily absorb power loads; these factors are expected to drive the medium voltage cables and accessories market. Thus, the underground segment of the medium voltage cables and accessories market is expected to grow at the highest CAGR during the forecast period.

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The industrial segment is expected to lead the medium voltage cables and accessories market during the forecast period.

On the basis of end-user, the medium voltage cables and accessories market has been categorized into three segments, namely, industrial, infrastructure, and renewables. The industrial segment is expected to account for half of the medium voltage cables and accessories market in 2017. The industrial segment includes utilities, oil & gas, mining and metals, chemicals and petrochemicals, cement and manufacturing, and other industries. Investments in power transmission and distribution would drive the industrial segment of the medium voltage cables and accessories market.

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Target Audience:

The target audience of this report includes:

• Cable manufacturing companies
• Consulting companies in the energy sector
• Energy associations
• Engineering, procurement, and construction contractors
• Environment associations
• Government and research organizations
• Insulation raw material suppliers
• Investment banks
• Medium voltage cables, accessories, and equipment manufacturers
• Metal ore (copper, aluminum, and their alloys) suppliers
• Power transmission and distribution companies

Some of the leading players in the medium voltage cables and accessories market include Prysmian S.p.A. (Italy), Nexans S.A. (France), General Cable Corporation (US), NKT Group A/S (Denmark), and LS Cable & System Ltd. (South Korea). Contracts & agreements and new product launches were the most adopted strategies by players to ensure their dominance in the market.

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Contact: Mr. Shelly Singh MarketsandMarkets™ Inc. 630 Dundee Road Suite 430 Northbrook, IL 60062 Usa : 1-888-600-6441 sales@marketsandmarkets.com