International market research Markets and Markets expect global medium voltage cables and accessories market is expected to increase from $ 37.52 billion in 2016 to 2021 $ 51.24 billion, compound annual growth rate for the period was 6.4%.
Renewable energy continues to grow, the rapid development of industrialization and urbanization, measures taken by the Government to expand transmission and distribution systems are pushing for medium voltage cable and accessories for market growth.
According to the application areas, the market is divided into fields of industry, infrastructure and renewable three. The industry half of the 2015 global market share. Increased building activity would ultimately lead used in the construction of power and a rise in the number of attachments.
According to the type of installation, the market is divided into the ground, aerial, and three main types of renewable energy. Underground areas dominate the market in 2015, 2016-2021 and witnessed the highest annual compound growth rate in that area.
Regional markets into the Asia-Pacific region, Europe, North America, Latin America, the Middle East and Africa. Over the forecast period, the Asia-Pacific region is expected to suffer the fastest medium voltage cables and accessories.
Medium voltage cables and accessories market key players including Italy PRYSMIAN, and United States General cable, France Nexans, and Germany nkt cables, Switzerland ABB.
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