Medium Voltage Cable Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The medium voltage cable market is expected to register a CAGR of more than 4.8% during the forecast period, 2022-2027. The COVID-19 outbreak in Q1 of 2020 had led to a decline in energy demand in major economies and further delayed planned energy projects along with investments all over the world. Factors such as growing demand for electricity generation and consumption, expansion of transmission and distribution networks, and the growing penetration of renewable energy sources are expected to drive the market during the forecast period. However, intricate project planning and delay in approval procedures for power projects in different countries globally are expected to hinder the growth of the medium voltage cable market.
Key HighlightsThe medium voltage cable market is moderately fragmented. The key players in the market include Cablel Hellenic Cables Group, Nexans SA, Eland Cables Ltd, NKT AS, and Prysmian SpA.
Additional Benefits:Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook