According to market research report Market Research Future, by 2022, the global transmission cable market is expected to grow at a compound annual growth rate of 6.5%.
Transmission cables are commonly used to deliver power from power generation facilities to end users. More and more renewable energy, high-quality uninterrupted power, aging power grid infrastructure upgrades have brought the transmission cable market growth. In addition, the rapid urbanization and industrialization is also a major factor in the development of the market.
According to geographical division, the market is divided into the Asia-Pacific region, North America, Europe, the Middle East and Africa, Latin America. The region's largest share of the global market is expected to remain dominant by 2022, the region's fastest growing market for transmission cables. China and India are the main drivers of market growth in the Asia-Pacific region.
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