Medium Voltage Cables Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $54.2 billion by 2022, registering a CAGR of 6.5% during the period 2016-2022.Asia-Pacific was the largest market of medium voltage cables, accounting for around 36% of the market revenue in 2015. Increasing requirement of electricity due to rapid urbanization and industrialization is fueling the demand for medium voltage cables in the region.

The overhead installation segment accounted for the largest market share of about 57% in 2015. Factors such as lower installation cost and easier maintenance in comparison to underground cables has led to its wider adoption, primarily in developing economies. However, the submarine installation is expected to be the fastest growing segment owing to increasing investments in the offshore wind generation technology for power generation. The underground segment is expected to grow at a notable pace on account of longer life, lower transmission losses, and limited space availability for new overhead installations.

Get PDF Sample Copy of Report: https://www.alliedmarketresearch.com/request-sample/958

The report covers the study of the medium voltage cables market based on installations, end user, and geography. Based on installation type, the market is segmented into underground, submarine, and overhead installation. Key end users of medium voltage cables are industries, renewable sectors, and infrastructure sectors. Industries are segmented into oil & gas, mining & metals, chemicals & petrochemicals, cement & manufacturing, utilities and others; renewable sector is segmented into wind and solar; the infrastructure sector is segmented into Transportation and Commercial. Geographically, the classification includes North America (U.S., Canada, and Mexico), Europe (U.K., Germany, and Rest of Europe), Asia-Pacific (China, Japan, India, & rest of Asia-Pacific), and LAMEA (Brazil, Middle East, & Rest of LAMEA).

Key Findings of Medium Voltage Cable Market:
• Asia-Pacific is the highest revenue-generating region in the global medium voltage cables market.
• LAMEA is anticipated to be the fastest growing market during the forecast period.
• In terms of market by installation, the submarine segment is likely to be the fastest growing segment during 2016-2022.
• Renewable sector is estimated to be the fastest growing end-user segment during the forecast period.

Key Players:
• Prysmian SpA
• General Cable Corporation
• Nexans
• NKT Cables
• Sumitomo Electric Industries Ltd.
• Brugg Cables
• Dubai Cable Company Private Limited
• Leoni
• Southwire
• TPC Wires and Cables Corporation

More Information: https://www.alliedmarketresearch.com/purchase-enquiry/958