Global Power Transmission Cables Market Analysis - Industry Size, Share, Trends and Forecast 2018 - 2025

Published - Sep 2018 | Category - Energy and Power | No. of Pages - 180 | Published By - ARC


Introduction


The Global Power Transmission Cables Market is set to grow owing to stringent energy efficiency protocol favoured by expeditious integration of digitalized electrical components. 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.

Market Drivers

The vast expansion of power grid system has led to the pressing need for replacements of cables and the demand for transmission towers. This is expected to accentuate the power transmission towers and cables market. Furthermore, a number of measures undertaken by several governments and private players implementing the smart grid technologies has boosted the market in developing and developed regions. Smart grid infrastructure has acted as a key enabler for flexible and high-performance power transmission system in numerous emerging economies. However, the advent of wireless transmission technologies to overcome the constraints of wired transmissions is a key factor expected to hinder the market to an extent.


 

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