Electrical Conductors Market For The Power Industry 2024-2028
The electrical conductors market for the power industry is forecasted to grow by USD 13.8 bn during 2023-2028, accelerating at a CAGR of 6.78% during the forecast period. The report on the electrical conductors market for the power industry provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising investment in power (T&D), growth in offshore wind energy, and increasing investments in renewable energy projects.
Technavio's electrical conductors market for the power industry is segmented as below:
By Application
- Power transmission
- Power distribution
- Power generation and others
By Type
- Power cables
- Transformer
- Busbar
- Submarine power cables
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the increase in sales of power cables as one of the prime reasons driving the electrical conductors market for the power industry growth during the next few years. Also, development of smart grids and growing wind power generation capacity will lead to sizable demand in the market.
The report on the electrical conductors market for the power industry covers the following areas:
- Electrical conductors market for the power industry sizing
- Electrical conductors market for the power industry forecast
- Electrical conductors market for the power industry industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electrical conductors market for the power industry vendors that include 3M Co., Apar Industries Ltd., Cabelte SA, Calmont Wire and Cable Inc., CMI Ltd., CTC Global Inc., Diamond Power Infrastructure Ltd., Finolex Cables Ltd., Furukawa Electric Co. Ltd., Gupta Power Infrastructure Ltd., HELUKABEL Romania Srl, Hi tech Conductors Pvt Ltd., KEI Industries Ltd., Lamifil NV, Nexans SA, Prysmian Spa, Saudi Cable Co., Sumitomo Electric Industries Ltd., Taihan Cable and Solution Co. Ltd., and Sterlite Power Transmission Ltd.. Also, the electrical conductors market for the power industry analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.