China High Voltage Power Cables Market to Expand Rapidly by the Rising Investment in Renewables during 2016-2021

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Factors driving the high voltage cables & accessories market include growth of offshore windfarms, projects for grid interconnections, and the need for efficient transmission systems. Growing demand for renewable energy, coupled with increasing investment in developing high voltage transmission infrastructure, is expected to drive the global high voltage cables & accessories market.

Albany, New York – February 15, 2017 – As the power grid construction all around the world is keep developing, the global power demand is also growing. This leads to higher demand for high voltage cables globally. A latest report, with a prime focus to the Chinese market, titled “China High Voltage Power Cables Market Research Report 2017 has been recently broadcasted to the wide database of Market Research Hub (MRH). To calculate the market size and growth rate during the forecast period of 2016 to 2021, the report focuses on top manufactures in China, together with deep insights into its capacity, price, production, revenue and market share for each manufacturer. Review period considered in the report is 2011 to 2016.

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Initially, the report starts by describing the market overview of high voltage power cables along with its scope and market segmentation. At present, more than 70 factories are located in China which have capacity to produce high voltage cables. These high voltage cables are used for electric power transmission at high voltage; and for underground & underwater applications, buildings and overhead lines to conduct electricity. Some of the major applications of high voltage power cables described in the report, include

  • Power Industry
  • Coal & Petrochemical
  • Communication
  • Others

The length of the high voltage cable differs as per its necessity in the industries. For example, high voltage cables of long length are used in an industrial application and at buildings, whereas short cables are used in the apparatus. By types, the report categorizes these cables into: AC power cable and DC power cable.

Furthermore, the report studies that, industries are investing for the development or updating the infrastructure to accommodate the power transmission requirements worldwide. For example, governments in countries such as U.S. and China are investing in creating infrastructure for renewable energy sources. China has been making major investments in renewable power and fuels along with solar PV capacity, wind power capacity, hydropower capacity and solar water heating capacity. The increasing investment in smart grid technology, along with growing offshore power projects in emerging countries is one of the major factors, which is expected to bolster the market growth opportunity for the high voltage cable market during the given forecast period.

Moving further, a section covering the details of market dynamics, such as key drivers that influence the growth of the market as well as the key opportunities for the Chinese market are also included.

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Some of the Key vendors operating in this market are as follows:

  • Prysmian
  • Shangshang Cable
  • Nexans
  • Sumitomo Electric
  • Condumex
  • LS Cable & System
  • Furukawa Electric
  • Riyadh Cable
  • Elsewedy Electric
  • FarEast Cable
  • Hanhe Cable

Check Other – Cable and Wire Industry Market Reports

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