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Energy Cable Market Trends and Forecast

The future of the global energy cable market looks attractive with opportunities in the utilities, industrial, residential, and commercial sectors.The global energy cable market is expected to reach an estimated $194.5 billion by 2030 with a CAGR of 5.2% from 2024 to 2030. The major growth drivers for this market are growth in electricity consumption due to industrialization, urbanization, electrification of rural areas, and increasing construction activities.