The global power cable industry is expected to witness robust growth and reach an estimated $79.3 billion in 2017. High investment made by private companies and government interest in the power sector is driving growth in the industry.
Lucintel, a leading global Management Consulting and business research firm, has conducted a competitive analysis on the industry and presents its findings in “Global Power Cable Industry 2012-2017: Trend, Profit, and Forecast Analysis.” The industry comprises companies engaged in manufacturing and selling of medium, high, and extra high voltage power cables for various applications. The competitive rivalry in the industry is moderate to high because of the large number of players and low product differentiation. A combination of factors such as growth in the power sector, favorable demographics, and increased construction and industrial activities seem to impact market dynamics significantly.
The industry experienced growth because of strengthening of regional transmission networks and increased construction and mining activities. The Rest of the World (ROW) experienced the highest growth rate because of increased consumption of power in residential, industrial, commercial, and public sectors.
As per the study, increase in electricity consumption and the consequent need to expand the distribution network may increase the demand. ROW and Asia Pacific (APAC) are the major markets for global power cable providers. Emerging Asia is expected to grow at a faster rate over the next decade. Increasing electricity demand and aging transmission networks are expected to increase demand. Some of the challenges include technology and government policy challenges, price rise, and scarcity of skilled workforce.
This report provides an overview of the global power cable industry and tracks industry performance in four geographic regions. Thus, a total of four segments of the global power cable industry are tracked. The report studies manufacturers serving this segment, providing a five-year annual trend analysis that highlights market size, profit, and cost structure for North America, Europe, APAC, and ROW. The report also provides a forecast, addressing market opportunities for next five years for each of these regions.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency.