The global power and control cable market is predicted to witness a compound annual growth rate of 7.92% during the forecast period to reach a total market size of US$150.064 billion by 2023, increasing from US$94.987 billion in 2017.The growth of power and control cable market is driven by rise in initiatives taken by government authorities in various countries to strengthen the transmission and distribution network to cater the growing electricity demand. Various factors such as electricity grid integration, incorporation of renewable energy, rising investments in offshore projects and rising construction spending are expected to further aid to the rising demand of power and control cable market. Volatile prices of raw materials are susceptible for hindering the global power and control cables demand.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study, have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the global power and control cable value chain. Last step involves complete market engineering which includes analysing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the market.
The major players discussed in this report include Belden Inc., General Cable Technologies Corporation, Multi/cable Corporation, Nexans, Orient Cables Pvt. Ltd., Prysmian S.P.A., Techno Flex Cables, Teldor Cables & Systems Ltd., Texcan Polycab, CMI, Havells, LS Cable & System, Furukawa Electric, Southwire, General Cable, Sumitomo Electric Industries, and Thermo Cables Pvt. Ltd.
In the report, global power and control cable market has been segmented by voltage types, by applications and by geography
Middle East and Africa