The global high-voltage cable market is expected to grow at a compound annual growth rate of about 5% from 2020 to 2024, with an estimated $13.63 billion in growth over that period, according to a report on the high-voltage cable market released by Reportlinker.com.
The rapid deployment of offshore wind in Europe, a major market for offshore wind, will continue to drive demand for high-voltage cable products in the region over the forecast period. At the same time, the deployment of offshore wind power in North America and the upgrading and expansion of aging infrastructure will also boost the demand for high-voltage cables in the region.
From a manufacturer's perspective, the global high-voltage cable market is highly fragmented. In the forecast period, Prysmian (which has acquired general cable), Nexans, LS cable, Sumitomo electrician, Fujikura cable, Guhe electrician, Ankat cable and others will become the world's leading high-voltage cable manufacturers. Meanwhile, other manufacturers in the region, such as Far-east cable in Asia, Zhongtian technology, India Polycab, Dubai cable in the Middle East, and south cable in North America, will also be strong competitors in their respective regions.
(News Source: http://www.cwc.net.cn/sy_show/17619.html )
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