Power Transmission Cables Market Share, Growth, Size, Key Players Outlook to 2023 Research Report
Market Research Future published a Cooked research report on “Global Power Transmission Cables Industry Outlook Research Report - Forecast to 2022”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
General Cable Technologies Corp., Southwire Co. LLC, Zhejiang Shengda Steel Tower Co. Ltd., KEC International Ltd., Kalpataru Power Transmission Ltd., Nexans S.A., Prysmian S.p.A., Shandong DingChang Tower Co. Ltd., Nanjing Daji Iron Tower Manufacturing Co. Ltd., and Sumitomo Electric Industries Ltd. are some of the prominent players at the forefront of competition in the Global Power Transmission Cables Market and are profiled in MRFR Analysis.
Power Transmission Cables Global Market - Overview
Power Transmission Cables are typically used to carry the electricity from generating units to the end users. The Power Transmission Cables Market is growing with the rapid pace; mainly due to its application in the consumer electronics. Rising number of Smart City and Smart Roads Projects worldwide; mirror the demand for new Power Transmission Cables as besides having other features as per standards, these projects also comprise, power transmission lines, phone, cable and many more like that.
Accrediting the prominence Power Transmission Cables are gaining in the current scenario and projecting the traction its growing market size would gain in the future, the Market Research Future, recently published a distinctive study report according to which the global Power Transmission Cables market is forecasted to perceive phenomenal accruals by 2022, crossing its previous growth records in terms of value registering substantial CAGR of 6.5% during the period 2017 to 2022.
The predominant factors that contribute to the growth of Global Power Transmission Cables Market include rising inclusion of renewable power resources, demand for Sustainable and Affordable Power Transmission Technologies, up gradation of aging grid infrastructure result in the growth of the power transmission cables market. Rapid urbanization and industrialization are other major factors that provide impetus to the Global Power Transmission Cables Market growth. Moreover, the augmenting demand for integration of renewable energy sources into the existing grid infrastructures is fostering the Power Transmission Cables Market growth up to a large extent. Also, numerous Governmental initiatives worldwide coupled with Key players’ efforts to implement the smart grid technologies is fuelling the growth of the Power Transmission Cables Market. Smart grid infrastructure has proven its ability in to flexible and high-performance power transmission system in most of the developing regions and countries.
On the other hand, factors such as wireless transmission technologies are expected to present challenges to the market growth of Power Transmission Cables during the forecasted period. However, augmented demand of electric power in underground and submarine power transmissions is anticipated to boost the Power Transmission Cables market growth.
Promoting power generation using renewable energy sources such as wind and solar power is vital for the growth of any economy and to reduce its financial dependence while cutting its greenhouse gas emissions. But established electric utilities’ reluctance to allow new power suppliers to use surplus capacity in their transmission lines is emerging as a major obstacle to growth in renewable power generation worldwide. The big utilities claim there is no unused capacity in their transmission lines in many areas, forcing many renewable power suppliers to abandon their business plans. These smaller and greener electricity suppliers cannot afford the heavy investment needed for transmission capacity expansion, which would require many years and be enormously expensive. Studying the data provided by a public institution that monitors and supervises the use of power transmission lines Countrywide to estimate how the core transmission lines were actually used, the analysis shows that only 2 to 18 percent of the total capacity was used.
Table Of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
Continued…
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