Want to Know About Medium Voltage Cables and Accessories Market Then Here’s is Right Place

The global medium voltage cables and accessories market is projected to grow at a CAGR of 6.27%, from 2017 to 2022, to reach a market size of USD 56.18 Billion by 2022. Increase in renewable energy generation and rapid industrialization and urbanization would drive the market.
Some of the leading players in the medium voltage cables and accessories market include Prysmian S.p.A. (Italy), Nexans S.A. (France), General Cable Corporation (US), NKT Group A/S (Denmark), and LS Cable & System Ltd. (South Korea). Contracts & agreements and new product launches were the most adopted strategies by players to ensure their dominance in the market.
The report segments the medium voltage cables and accessories market, by voltage, into 1–5 kV, 6–13 kV, 23 kV, 34 kV, 45 kV, and 69 kV. The 6–13 kV segment led the medium voltage cables and accessories market, by voltage in 2016 and is projected to reach USD 14.25 Billion at a CAGR of 6.47%, during the forecast period.
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Scope of the Report:
• By Voltage Range
o 1–5 kV
o 6–13 kV
o 23 kV
o 34 kV
o 45 kV
o 69 kV
• By End-User
o Industrial
o Infrastructure
o Renewables
• By Installation and Products
o Overhead
 Conducting wires
 Fittings and Fixtures
 Others
o Underground
 MI Cables
 XLPE Cables
 Cable Terminations
 Cable Joints
 Others
o Submarine
 MI Cables
 XLPE Cables
 Cable Terminations
 Cable Joints
 Others
• By Region
o North America
o Europe
o Asia Pacific
o Middle East & Africa
o Latin America
The medium voltage cables and accessories market has been segmented, by installation, into overhead, underground, and submarine. The underground segment is estimated to grow at the highest CAGR during the forecast period. These types of cables have one or three core conductors covered with suitable insulation and protection and can be used in several applications in the oil & gas industry.
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The medium voltage cables and accessories market has segmented, by end-user, into industrial, renewables, and infrastructure. The industrial segment held the largest market share in 2016 and is projected to lead the market during the forecast period. The industrial segment includes the oil & gas, chemicals and petrochemicals, mining and metals, cement and manufacturing, and utilities industries. Increased construction activities are expected to drive the industrial sector of the medium voltage cables and accessories market.
In this report, the medium voltage cables and accessories market has been segmented by region into Asia Pacific, Europe, North America, the Middle East & Africa, and Latin America. The market in Asia Pacific is expected to be the largest market for medium voltage cables and accessories during the forecast period due to the increase in power demand and implementation of smart grid technology in the region.
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The increase in power demand and implementation of smart grid technology is expected to lead to opportunities in the medium voltage cables and accessories market. The volatile prices of raw materials and complex planning and authorization processes leading to delays in projects could act as restraints for the market, resulting in declining profits.
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