Lucintel’s latest market report analyzed that energy cable provides attractive opportunities in the utilities, industrial, residential, and commercial sectors. The energy cable market is expected to reach $164.3 billion by 2027 with a CAGR of 5.7%. In this market, low voltage cable is the largest segment by product type, whereas utilities is largest by end use industries. The deployment of superconductors in power cables for improved performance and electron beam cross linking of power cable for durability and high current carrying capacity provides strategic growth path in this market.
Download Brochure of this report by clicking on https://www.lucintel.com/energy-cable-market.aspx Based on product type, the energy cable market is segmented into low voltage cables, medium voltage cables, and high voltage cables. The low voltage cables segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to growth in construction as well as automotive sector, especially in China and India.
Browse in-depth TOC on “Energy Cable Market”
72 – Tables
114 – Figures
185 – Pages
The Energy Cable Market is marked by the presence of several big and small players. Some of the prominent players offering energy cable include Prysmian Group, Nexans S.A., Leoni AG, NKT A/S, Sumitomo Electric Industries, Encore Wire Corporation, KEI Industries Limited, and Southwire.
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