Medium Voltage Cables Market Research Outlines Huge Growth In Industry Till 2030

5th October, 2018 - Medium Voltage Cables & Accessories Market is expected to grow at a significant CAGR in the upcoming years as the scope, Product Types, and its applications are increasing across the globe.

For distribution, Power transmission in the voltage range of 1000 V to 35 Kv the medium voltage cable is necessary.

It is projected to boost the development of the medium voltage cables and accessories market, and used in different fields such as chemical industry, mining, Oil and Gas, infrastructural sector, renewables.

Additionally, insertion of developing technologies, such as co-generation and combined generation in this sector is expected to drive the medium voltage cables & accessories market in the years to come.

Medium Voltage Cables & Accessories Market is segmented, By Installation into Underground, (XLPE Cables, MI Cables, Cable Joints, Cable Terminations), Submarine, (XLPE Cables, MI Cables, Cable Joints, Cable Terminations), Overhead (Conductors, Fittings & Fixtures).Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/medium-voltage-cables-and-accessories-market/request-sampleMedium Voltage Cables & Accessories Market is segmented, By End User into Industrial (Oil & Gas, Mining & Metals, Chemicals & Petrochemicals, Cement & Manufacturing, Utilities, Others (Paper & Pulp, Wastewater Treatment, and Pharmaceutical)), Renewable (Wind, Solar), Infrastructure (Transportation & Logistics, Residential & Commercial).The electrical infrastructure of the country will represent the utility segment; which includes the distribution of electric power, transmission and generation.

There is increase in the investment towards the utility sector, and upgradation of the grid infrastructure, the requirement for the equipment used in grid infrastructure such as insulators, power cables, transformer.

The new report by Expert Market Research titled, ‘Global Medium Voltage Cables Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global medium voltage cables market, assessing the market based on its segments like installation, components, voltage, applications, and major regions.

The sample report shall be delivered to you within 24 hours.Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/medium-voltage-cables-market/requestsampleThe key highlights of the report include:Market Overview (2016-2026)Historical Market Size (2020): USD 49 billionForecast CAGR (2021-2026): 5.7%Forecast Market Share (2026): USD 70 billionRapid urbanisation in developing regions has been the major driver for the market for medium voltage cables.

Furthermore, regular advancements in technology are expected to drive the market growth further in the coming years.Industry Definition and Major SegmentsMedium voltage cables, or MV cables, is the segment of cabling as defined by the International Electrotechnical Commission (IEC) as having a voltage rating of above 1kV up to 100kV.

Various industries such as power, oil and gas, mining, chemicals, renewables, and infrastructure sector utilise medium voltage cables.Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/medium-voltage-cables-marketIn terms of installation, the market is segmented into:UndergroundSubmarineOverheadOn the basis of components, the market is divided into:Termination CablesJointsXLPE CablesOthersThe market is segregated on the basis of voltage into:1 kV - 15 kV16 kV - 35 kV36 kV - 70 kVBy application, the market is divided into:IndustrialOil and GasMetals and MiningChemicals and PetrochemicalsCement and ManufacturingUtilitiesInfrastructureTransportationCommercial and ResidentialRenewable EnergyOthersThe regional markets for the product include:North AmericaEuropeThe Asia PacificLatin AmericaThe Middle East and AfricaMarket TrendsIncreasing urbanisation and industrialisation across the globe has been the main driver of the market for medium voltage cables, especially in the case of developing countries in Asia Pacific, which lead the market and are expected to do so in the forecast period.

While the demand for submarine lines has been quite high in Europe due to its extensive offshore wind capacity, developing countries are expected to follow this route in the coming years, thereby driving the market forward.Key Market PlayersThe major players in the market are Nexans SA, Prysmian S.p.A., General Cable Technologies Corporation, Sumitomo Electric Industries Ltd, Ducab Group, TPC Wire and Cable Corporation, and Hellenic Cables S.A., among others.

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.Read More Reports:Global Biologics Market: https://www.expertmarketresearch.com/reports/biologics-marketGlobal Cruise Missile Market: https://www.expertmarketresearch.com/reports/cruise-missile-marketGlobal Food Grade Alcohol Market: https://www.expertmarketresearch.com/reports/food-grade-alcohol-marketGlobal Thermoform Packaging Market: https://www.expertmarketresearch.com/reports/thermoform-packaging-marketGlobal Radiopharmaceuticals Market: https://www.expertmarketresearch.com/reports/radiopharmaceuticals-marketGlobal Disposable Face Mask Market: https://www.expertmarketresearch.com/reports/disposable-face-mask-marketGlobal Architectural Services Market: https://www.expertmarketresearch.com/reports/architectural-services-marketGlobal Styrenic Block Copolymer Market: https://www.expertmarketresearch.com/reports/styrenic-block-copolymer-marketGlobal Virtual Meeting Software Market: https://www.expertmarketresearch.com/reports/virtual-meeting-software-marketGlobal Thermoformed Plastics for Printing Market: https://www.expertmarketresearch.com/reports/thermoformed-plastics-for-printing-marketNote 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours.

Market Highlights A medium-voltage cable is a cable with a voltage rating of above 1kV up to 100 kV.

The growing areas of application of the medium voltage cables, is due to its low cost, high operational efficiency, improved system stability, proper load distribution between circuits, easy and quick installation and convenient virtual deployment of medium voltage cables, anywhere in the power network.

The global medium voltage cables market is driven by the increasing need for reliable electric supply & subsequent investment in transmission & distribution network, grid expansion, and developing safe electrical infrastructure.

Medium-voltage cables are widely accepted across the world in the industrial & commercial sectors as a reliable & safe method to supply electricity.

However, fluctuating material costs may restrain the global medium voltage cables market.

The report also provides a forecast, focusing on the market opportunities for the next five years for each region.