PPT for Power and Control Cable Market Trend & Forecast by 2017 - 2024

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Power And Control Cable Market Trends, Share,
Industry Outlook Forecast 2017 - 2024
Power And Control Cable Market Size By Product
(Power Cable, Control Cable), By Voltage (HV, MV,
LV (LV Power, LV Control)), By Application
(Utilities, Industrial (Power Plants, Oil Gas,
Cement)), Industry Analysis Report, Regional
Outlook (U.S., Canada, Mexico, UK, France,
Turkey, Germany, Russia, China, India, Japan,
South Korea, Australia, Saudi Arabia, UAE, South
Africa, Egypt, Brazil, Argentina, Peru), Price
Trends, Competitive Market Share Forecast, 2017
2024
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Global Market Scenario of Power And Control
Cable

• Power And Control Cable Market size for 2016 was
  valued over USD 80 billion and is set to witness
  gain over 9 by 2024.
• Rising investments by developing countries
  towards construction and infrastructure sector
  will drive the global power and control cable
  market size.
• Introduction of smart city initiatives across
  several countries including China, India and UAE
  will further stimulate the product demand.
• Growing measures to strengthen the transmission
  and distribution network to cater the growing
  electricity demand will embellish the power and
  control cable market.

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Russia Power And Control Cable Market, By
Voltage, 2016 (USD Billion)
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Product Insights

• Growing measures to strengthen the transmission
  and distribution network to cater the growing
  electricity demand will embellish the power and
  control cable market. As per the U.S. Energy
  Information Administration, the global
  electricity demand has expanded over 3 from the
  past six years however, it is 16 lower than the
  generated electricity owing to inefficient grid
  infrastructure.
• Utilities across the globe are making significant
  investments to enhance their transmission
  capability with the aim to reduce the energy
  loss, which will positively impact the business
  outlook. In 2016, the U.S. Federal Government
  announced USD 10 billion grant to reduce the
  curtailment rate across their western
  transmission network through the development of
  new and improved grid infrastructure.

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Regional and Competitive Insights

• Asia Pacific power and control cable market size
  is set to exceed USD 100 billion by 2024. Ongoing
  rural electrification program coupled with
  increasing demand for reliable and safe
  electricity will positively impact the industry
  size. Positive outlook towards renewable energy
  with growing industrialization will further boost
  the product demand.
• UK power and control cable market is set to
  expand over 3 over the forecast timeline.
  Government initiatives to shift the dependency to
  sustainable energy sources will augment the
  industry outlook. The Réseau de Transport
  d'Electricité (RTE) and UK National Grid awarded
  a contract worth USD 290 million to ABB, to
  develop high-voltage direct current technology
  aimed at interconnecting electric networks
  between UK and France. The company will provide
  two high-voltage HVDC light converter stations
  that will be linked by a subsea cable.
• Notable players across the power and control
  cable market include Polycab, Prysmian, CMI,
  Havells, Nexans, LS Cable System, Furukawa
  Electric, Southwire, General Cable, and Sumitomo
  Electric Industries.

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