North America Power and Control Cable Market 2020 By Regional Trend, Revenue & Growth Forecast

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Power and Control Cable Market Size in North
America 2020 - Industry Trends Report to 2026
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North America Power and Control Cable Market will
witness significant growth owing to increasing
electricity demand across commercial and
industrial establishment. Ongoing investments
toward expansion of smart grid infrastructure
along with increasing demand for replacement of
existing power networks will accelerate the
business scenario. Growing adoption of advanced
power cables to enhance the transmission and
distribution efficiency across the grid will
further foster the industry dynamics.   Control
cable installation is anticipated to grow on
account of increasing demand to monitor and
control the functionality of electrical
equipment. These units are installed across wide
array of applications including street lighting,
airport lighting and electric vehicle charging,
which in turn will stimulate the product demand.
Ongoing adoption of smart technologies across
utility industrial application will further
enhance the product deployment.    Medium voltage
North America power and control cable market will
witness growth owing to refurbishment of
small-scale industrial facilities along with
large scale commercial expansion. In addition,
rapid industrialization coupled with surging
investment toward offshore power wind projects
will boost the product demand. Furthermore,
stringent efficiency norms followed by adoption
of smart control cables across the grid
infrastructure will fuel the product demand.
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Industrial power and cable market will grow on
account of expansion of smart grid networks along
with rising solar and offshore wind power
projects. In addition, increasing efficient
electrical infrastructure coupled with growing
inclination toward installation of advanced
transmission networks will augment the product
demand. Furthermore, efforts to minimize TD
losses as well as rising adoption of renewable
power generation sources will boost industry
landscape. Canada power and control cable market
is estimated to grow on account of positive
outlook toward expansion of power, cement and oil
gas sectors. In addition, continuous measures
to upgrade the existing voltage transmission
networks will positively influence the product
demand. Moreover, expansion of EHV and UHV
networks along with increasing investment across
railways, telecom and energy sectors will drive
the industry landscape.   Eminent players across
North America power and control cable market are
focusing toward joint ventures and strategic
alliances to enhance their market share. Key
manufacturers operating across the industry
include Southwire Company LLC., Nexans, Belden
Inc., RPG cables, LS Cable System Ltd.,
Prysmian Group, Lake Cable LLC, Philatron wire
and cable LLC amongst others.
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