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The “Medium Voltage Cables Market” 2019 is splits into the presence of numerous worldwide and domestic vendors. The level of competition among the players in this marketspace is concentrate especially in terms of value, quality, regulatory acquiescence, and innovation.
To reach a competitive advantage over the other players, the vendors are focusing on Research and Development activities. Furthermore, they are also adopting competitive strategies such as product portfolio expansions and cost reduction to establish their market presence.
Medium Voltage Cables market is giving the major share of 4.18% in 2018 and projected to grow at compound annual growth rate (CAGR) of more than almost 5% during forecast period 2019-2023.
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About this market
In 2018, the overhead segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as an increase in long-distance transmission will play a vital role in the overhead segment to maintain its market position. Also, our global medium voltage cables market report looks at factors such as rising global energy demand, increasing number of smart grid projects, and aging power infrastructure. However, fluctuation in raw material prices, slowdown in manufacturing output, and technical and operational challenges may hamper the growth of the medium voltage cables industry over the forecast period.
the report comprises of various company profiles of fundamental market players of Medium Voltage Cables market with thorough market segment in terms of different countries, this report divides the market into a few key countries, with sales (consumption), revenue, market share, and growth rate of the market in these countries over the forecast period 2023.
Regions of Medium Voltage Cables market
Dynamics of Medium Voltage Cables MarketMarket Driver: rise in global energy demand Market Trend: rising number of microgrid networksMarket Challenge: slowdown in manufacturing outputRise in global energy demand The increase in the urban population and the increase in industrial operations around the world have drastically increased the energy demand. With the rise in energy demand, the number of power plants and transmission fines has grown significantly and will continue to rise. Power distribution lines require medium voltage cables for applications, such as supplying power from substations to end-users. Therefore, with the growing demand for energy from end-users, such as the residential and industrial sectors, the need for medium voltage cables will also increase. This rise in global energy demand will lead to the expansion of the global medium voltage cables market at a CAGR of almost 5% during the forecast period.Rising number of microgrid networks A microgrid is a power grid that is smaller than a conventional electricity grid. Like traditional grids, microgrids produce, distribute, and control the flow of electricity to consumers. The power from microgrids is transmitted to end-users using low voltage and medium voltage cables. The implementation of microgrids is growing because of the increase in demand for electricity in rural and suburb areas. To cater to the growing energy demand in remote locations, governments are offering incentives to promote renewable power generation and increase microgrid facilities. The increase in investments in microgrids will create new opportunities for the global medium voltage cables market during the forecast period.
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PART 01: EXECUTIVE SUMMARY PART 02: SCOPE OF THE REPORT •2.1 Preface •2.2 Preface •2.3 Currency conversion rates for US$ PART 03: MARKET LANDSCAPE •Market ecosystem •Market characteristics •Market segmentation analysis PART 04: MARKET SIZING •Market definition •Market sizing 2018 •Market size and forecast 2018-2023 PART 05: FIVE FORCES ANALYSIS •Bargaining power of buyers •Bargaining power of suppliers •Threat of new entrants •Threat of substitutes •Threat of rivalry •Market condition PART 06: MARKET SEGMENTATION BY INSTALLATION •Market segmentation by installation •Comparison by installation •Overhead – Market size and forecast 2018-2023 •Underground – Market size and forecast 2018-2023 •Submarine – Market size and forecast 2018-2023 •Market opportunity by installation PART 07: CUSTOMER LANDSCAPE PART 08: GEOGRAPHIC LANDSCAPE •Geographic segmentation •Geographic comparison •APAC – Market size and forecast 2018-2023 •Europe – Market size and forecast 2018-2023 •North America – Market size and forecast 2018-2023 •South America – Market size and forecast 2018-2023 •MEA – Market size and forecast 2018-2023 •Key leading countries •Market opportunity PART 09: DECISION FRAMEWORK PART 10: DRIVERS AND CHALLENGES •Market drivers •Market challenges PART 11: MARKET TRENDS •Rising number of microgrid networks •Shift toward offshore renewable energy generation •Gradual recovery in oil and gas industry PART 12: VENDOR LANDSCAPE •Overview •Landscape disruption •Competitive scenario PART 13: VENDOR ANALYSIS •Vendors covered •Vendor classification •Market positioning of vendors •EL Sewedy Electric Co. •Fujikura Ltd. •Furukawa Electric Co. Ltd. •LEONI AG •LS Cable and System Ltd. •Nexans SA •NKT Group AS •Prysmian Spa •Southwire Co. LLC •Sumitomo Electric Industries Ltd. PART 14: APPENDIX •Research methodology •List of abbreviations •Definition of market positioning of vendors PART 15: Conclusion
No. of Pages: – 148
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Name: Ajay More
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Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Global Medium Voltage Cables Market 2019 Division, New Business Opportunities, Growth Rate, Development Trend and Feasibility Studies 2023