High voltage cables and accessories market is driven
by the factors such as increased demand for electrical power from remote areas
and growing urbanization projects, increasing grid connection projects, and
rising demand for reduction of losses in transmission and distribution network.
The increasing oil rigs in the offshore regions need on time power for smooth
operations, and high voltage marine cables allow the power to reach the
offshore oil production facilities. However, safety issues related to overhead
accessories and cables is restraining the market for high voltage cables and
accessories.
High voltage cables are used for carrying electric
power to areas where there is no power generation utility. Also, high voltage
accessories ensure efficient and uninterrupted electricity T&D as well as
they provide reliable and durable solutions for transmission of high voltage
current.
Get
Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/908
Segmental
Overview
The high voltage cables and accessories market is
segmented on the basis of type, products, voltage ratings, and region.
Based on the segment by type, the market is further
classified as overhead, underground, and submarine. Underground segment holds
the largest market share due to the increasing urbanization projects and
advantages of being less susceptible to damage and reduced danger.
On the basis of products, the high voltage cables
and accessories market is segmented as conductors, fittings & fixtures,
XLPE cables, MI cables, cable joints, cable terminations and others. Among
these, conductors dominate the overhead high voltage cables & accessories
market, as they have high tensile strength to withstand mechanical stresses.
Access
Complete Research Report @ https://www.marketresearchfuture.com/reports/high-voltage-cables-accessories-market-908
Regional
Outlook
Asia Pacific is expected to have the largest market
share due to growing power sector in emerging economies such as China, South
Korea, and India.
Moreover, the region has had an increment in the
number of projects in terms of smart grids, power generation,
industrialization, urbanization, and power transmission and distribution
infrastructure. For an instance, South Korea, one of the fastest emerging
nation, has plans for a completely integrated smart grid by 2030. Also,
Hitachi, one of the leading players in transmission and distribution network
provider, has contributed to create China’s transmission and distribution
network through ultra-high voltage network and the gas insulated switchgear to
prevent the damage caused to network due to load imbalance.
Key
Players
The
major players operating in the global high voltage cables and accessories
market are Siemens AG (Germany), Hitachi Ltd. (Japan), General Electric (U.S.)
NKT Holdings A/S (Denmark), Nexans S.A. (France), and Prysmian Group (Italy).
Finolex Cables Ltd (India), RPG Cables (India), Cable Corporation of India Ltd.
(India), Brugg Kabel AG (Switzerland) and Synergy Cables Ltd.
(Israel) are among others.
View More Info @ https://bit.ly/2V7tgu6
About Market Research
Future:
MRFR
team have supreme objective to provide the optimum quality market research and
intelligence services to our clients. Our market research studies by
Components, Application, Logistics and market players for global, regional, and
country level market segments, enable our clients to see more, know more, and
do more, which help to answer all their most important questions.
Contact:
Market Research Future
+1 646 845 9312
No comments:
Post a Comment