PPT for Low Voltage Cable Market Latest Update, 2017

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Low Voltage Cable Market Trend and Forecast
2017-2024
Low Voltage Cable Market Size, Industry Analysis
Report, Regional Outlook (U.S., Canada, Germany,
UK, Russia, Denmark, France, China, Australia,
India, Japan, Indonesia, Brazil, Mexico,
Argentina, Saudi Arabia, UAE, South Africa),
Application Development, Competitive Market Share
Forecast, 2017 2024
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Global Market Scenario of Low Voltage Cable

• Global Low Voltage Cable Market size anticipated
  to witness significant growth owing to increase
  in adoption of renewable energy technologies to
  improve energy security by reducing fossil fuel
  dependence.
• Increase in electricity demand coupled with
  favorable green energy policies will complement
  the industry outlook.
• In 2016, globally USD 30 billion was invested in
  offshore wind generation. In 2016, the EU added
  21.07 GW capacity from renewable sources out of
  total 24.5 GW capacity produced.
• Upgradation of transmission and distribution
  system to increase the reliability and efficiency
  of grid structures will augment the low voltage
  cable market.
• The government and numerous financial
  institutions are making aggressive investments to
  improve existing grid infrastructure, which will
  favor the industry size over the forecast
  timeframe.

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• Product Analysis-
• The growing application across the automotive
  segment will further encourage the low voltage
  cable market size over the forecast period. In
  2016, China Passenger Car Association retail
  sales of vehicles climbed to 9.5 during January
  to June which has outpaced 8.4 in the previous
  year. Funding constraints due to delay in
  projects planning and authorization are hampering
  the industry stability.
• Regional Trends-
• The U.S. low voltage cable market is anticipated
  to witness an extensive growth due to increasing
  investments by the government and other financial
  institution towards augmentation of traditional
  grid infrastructure. In 2016, the U.S. Department
  of Energy announced to fund electricity grid
  projects with a budget of USD 220 million.
• The Europe low voltage cable market is
  anticipated to witness attractive growth subject
  to increasing adoption of sustainable technology.
  Europe has a target of cutting down its
  greenhouse gas emissions to 40 and will produce
  27 of their electricity from renewable sources
  by 2030 as compared with 1990 levels. In 2016, UK
  announced that it will close down its last coal
  powered thermal power plant in 2025.

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• Competitive Trends
• Key players in global low voltage cable market
  includes Marmon Engineered Wire Cable, ABB,
  Sumitomo Electric, Nexans S.A., NKT Cables,
  General Cable Corporation, Bahra Advanced Cable
  Manufacture, Prysmian S.P.A, General Cable
  Corporation, Encore Wire Corporation, Polycab
  Wires Pvt. Ltd. and Finolex Cables Limited.
  Global manufacturers are facing stiff competition
  from the local players across developing regions
  primarily in the Asia Pacific. Companies are
  collaborating with local vendors to increase
  their penetration across local market.

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