Medium Voltage Cable Market Size, Key Technology And Industry Trends Till 2027

(The Express Wire via Comtex)

Global "Medium Voltage Cable Market Size"research report 2021 offers in-depth assessment of revenue growth, market definition, segmentation, industry potential, influential trends for understanding the future outlook and current prospects for the market. This study provides information about the sales and revenue during the historic and forecasted period of (2021 to 2027). Understanding the segments helps in identifying the importance of different factors that aid market growth. Estimations about the CAGR value for specific forecast period, market drivers, market restraints, and competitive strategies are assessed in thisMedium Voltage Cable Market report.

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NKT Contract for offshore Export Cable SystemsWill Spur Business Advances

NKT, a leading cable and cable accessories supplier, signed a supplier agreement with Dogger Bank Wind Farms Creyke Beck A and Creyke Beck B site for the delivery and installation of high-voltage DC on- and offshore export cable systems. The NKT delivery and order will comprise of 4×175 km of 320 kV DC offshore export power cables and approx. 4×32 km of 320 kV DC onshore export power cables as well as installation by the cable-laying vessel NKT Victoria. The manufacturing of the power cables will commence from the end-2021 at the manufacturing plant in Karlskrona, Sweden. The estimation of the contract is valued at EUR 360 million. The agreement between NKT and Dogger Bank Wind Farms Creyke Beck A and Creyke Beck B will contribute positively to the medium voltage cables market trends owing to its supply of green energy to approximately 3 million households in the UK. Furthermore, the NKT President and CEO, Alexander Kara said in a statement “I am excited that our long-term customers of Equinor and SSE have selected NKT as turnkey provider of the cable systems for the Dogger Bank Wind Farms Creyke Beck A/B and recognize us as a high-voltage DC technology partner in the market. In addition, I am pleased to observe the continued European focus on increasing the use of renewable energy sources, which is a trend from which NKT sees good growth opportunities”.

Report Focus:

  • Extensive product offerings
  • Customer research services
  • Robust research methodology
  • Comprehensive reports
  • Latest technological developments
  • Value chain analysis
  • Growth dynamics
  • Quality assurance
  • Post-sales support
  • Regular report updates

Key players covered in the globalMedium Voltage Cable Market research report:

  • Prysmian Group
  • Nexans
  • NKT A/S
  • ABB
  • Brugg Cables
  • Riyadh Cables Group Company
  • ZTT
  • General Cable Technologies Corporation
  • FURUKAWA ELECTRIC CO., LTD.
  • Jiangnan Group Limited.
  • Tratos
  • Universal Cables Ltd.
  • Schneider Electric
  • DUCAB
  • Synergy Cables

Geographically,the detailed analysis of consumption, revenue, market share and growth rate (historic and forecast) of the following regions are covered:

  • North America (the USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)

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Key questions answered in this report:

  • Which players hold the significantMedium Voltage Cable Market share and why?
  • What strategies are theMedium Voltage Cable Market players forming to gain a competitive edge?
  • Why region is expected to lead the global market?
  • What factors are negatively affecting theMedium Voltage Cable Market growth?
  • What will be the CAGR value of the globalMedium Voltage Cable Market by the end of 2027?

Major Table of Contents forMedium Voltage Cable Market Research Report:

  • Introduction
  • Executive Summary
  • Market Dynamics
  • Key Video on Demand Market Growth Insights
  • Global Market Analysis, Insights and Forecast, 2016-2027
  • North America Market Analysis, Insights and Forecast, 2016-2027
  • Europe Market Analysis, Insights and Forecast, 2016-2027
  • Asia Pacific Market Analysis, Insights and Forecast, 2016-2027
  • The Middle East and Africa Market Analysis, Insights and Forecast, 2016-2027
  • Latin America Market Analysis, Insights and Forecast, 2016-2027
  • Competitive Landscape
  • GlobalMedium Voltage Cable Market Revenue Growth, Industry Share Analysis, By Key Players, 2021
  • Company Profiles
  • Conclusion

High Utilization of Renewables to Propel Market in North America

The market in North America is expected to rise significantly during the forecast period owing to the surge in renewable energy and exploration activities. The market in Asia Pacific stood at USD 11.89 billion in 2018 and is likely to dominate during the forecast period. The growth in the region is attributable to the rising inclination towards renewables such as wind and solar in countries such as China, India, Japan, South Korea, and Australia. Europe is predicted to witness high demand during the forecast period owing to the Green energy targets in the region.

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The report on the Medium Voltage Cable Market highlights:

  • A wide-ranging analysis of the market
  • Noteworthy information about prominent players
  • Grand data about the segments
  • New developments in the market
  • A thorough analysis of COVID-19

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Press Release Distributed by The Express Wire

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