PPT for Low Voltage Cable Market Latest Update, 2017 - PowerPoint PPT Presentation

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PPT for Low Voltage Cable Market Latest Update, 2017

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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 – PowerPoint PPT presentation

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Title: PPT for Low Voltage Cable Market Latest Update, 2017


1
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
2
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.

3
  • 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.


4
  • 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.

5

Latest Research Report On Low Voltage Cable
Market _at_ http//bit.ly/2pn4sP0 Request for a
Sample of this Research report _at_
http//bit.ly/2nXfyX2
6
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www.gminsights.com
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