Market Value of High Voltage Cable & Accessories Is Expected to Increase to US$ 40.9 Billion by 2022

According to the latest report from Markets and Markets---a market research agency, the market value of high voltage cable and accessories was up to US$ 28.77 billion in 2016. It is expected to increase to US$ 40.9 billion by 2022. The compound growth rate will be up to 6.02% from 2017 to 2022.

The end users of high voltage cable and accessories mainly include electric company, offshore wind plant, energy industry etc. 400kV and above products are now dominating the markets of high voltage cable and accessories. The Asia-Pacific region is the leading area of the market of global high voltage cable and accessories. And China is the largest market in Asia-Pacific region.

The leading manufacturers of high voltage cable and accessories in global markets include Nexans, Prysmian, General Cable, Norddeutsche Seekabelwerke and TF etc.

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