Market Research Report, a global market research report, recently reported that the annual composite growth rate of the global distribution cable market was about 7.5% from 2019 to 2024.
According to the report, by 2024, the global market demand for distribution cables will increase from $90.7 billion in 2019 to $130 billion.
Over the past few years, the global distribution cable market has developed rapidly, with an average annual growth rate of 9.85%.
In 2017, for example, global distribution cable revenue (disclosed) was close to $74.7 billion.
Distribution cables are widely used on land, underground and underwater.
In 2017, land is still the largest application market, with a market share of about 42.36%.
Regionally, the Asia-Pacific region will become the largest regional market in the forecast period.
Driven by the power infrastructure and population growth in China, India and Southeast Asia, the distribution cable market in the region will maintain a steady growth trend.
In addition to the further expansion of renewable energy, the "last mile" solution will continue to drive the growth of demand for distribution cables.
From the supplier's point of view, Prysmann, Nixon, Sumitomo Electrician, Guhe Cable, South Cable, LS Cable, Fujikura Cable and Leni Cable will become the world's leading manufacturers of distribution cables, but they will also face fierce competition from major regional suppliers, including China's Far East Cable, Hengtong Cable, Baosheng Cable, Finolex, KEI Industries of India, Du of the Middle East. Bai Cable, etc.
If you have any interest in our cable products, you can email us at info@zmscable.com or contact us via the "Contact Us" section of the website.
Copyright ? 2010 - 2025 zmscable.com All Rights Reserved.
