The latest report by IMARC Group, titled “Power Cables Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. The global power cables market size reached US$ 166.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 236.8 Billion by 2028, exhibiting a growth rate (CAGR) of 6.1% during 2023-2028.

Power cables, commonly known as power cords, are electrical cables made up of one or more conductors that are sealed together by a sheath. They have the capacity to transfer strong currents, tolerate high operating voltages, adjust to different conditions, and offer the ideal balance of insulation and current conductivity, among other qualities. Accordingly, power cables are frequently used for power distribution and transmission to electronic equipment, including computers, printers, monitors, HVAC (heating, ventilation, and air conditioning) systems, and others. They are also used in pipelines, tunnels, highly corroded and combustible locations, etc. As a result, these cables are becoming increasingly popular all across the world.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/power-cables-market/requestsample

Power Cables Market Trends and Drivers:

The primary factor propelling the power cables market is the growing necessity of modernizing the current grid infrastructures. Further driving the market's expansion are the growing number of residential, commercial, and industrial construction projects as well as the renovation projects taking place in airports, shopping centers, offices, retail establishments, and other locations. A major growth driver in the automotive business is the increasing number of automobiles sold due to rising personal incomes. This in turn is driving the need for power cables to support the operation of various gadgets in the industry. Furthermore, the global market is being favorably impacted by the growing need for cutting-edge power cables to maintain, increase production, and ensure the safety of mining equipment. In addition, the chemical sector makes extensive use of them because of their strong mechanical resilience and excellent resistance to oil and chemical agents. These factors are expected to drive the power cables market over the projected time.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Installation:

  • Overhead
  • Underground
  • Submarine Cables

Breakup by Voltage:

  • High
  • Medium
  • Low

Breakup by End-Use Sector:

  • Power
  • Oil & Gas
  • Chemical
  • Manufacturing
  • Metals & Mining
  • Infrastructure
  • Transportation
  • Others

Breakup by Material:

  • Copper
  • Aluminum

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • being Prysmian S.p.A
  • Belden Inc.
  • Encore Wire Corporation
  • Finolex Cables Ltd.
  • Fujikura Ltd.
  • Furukawa Electric Co., Ltd.
  • HENGTONG GROUP CO., LTD.
  • KEI Industries Limited
  • LS Cable & System Ltd.
  • Leoni AG
  • Nexans
  • NKT A/S
  • Southwire Company, LLC.
  • Sumitomo Electric Industries, Ltd.
  • TPC Wire & Cable Corp., etc.

Ask Analyst for Sample Report: https://www.imarcgroup.com/request?type=report&id=1849&flag=C

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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