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Market Scenario:Cross-linked Polyethylene (XLPE) cables are typically used in power transmission & distribution. Increasing need of effective technology to reduce power outages and efficiency in electricity transmission & distribution is resulting in the growth of the XLPE cable market. Offshore wind farm connections, grid interconnections, increased usage of XLPE cables by governments, producer and manufacturers in order to increase efficiency is boosting the demand in the XLPE cable market. The XPLE Cables market is expected to register a high growth of around 11% CAGR in the next six years.
Asia-Pacific market contributes a major share to the XLPE cables market, and is expected to remain a major contributor during the forecast period. North American and European region are projected to grow at a steady rate, primarily driven by grid infrastructure upgradation activities.
Key Players:
• Brugg Kabel AG (Switzerland),
• ABB Ltd. (Switzerland),
• Prysmian Group (Italy),
• General Cable Corporation (U.S.),
• Nexans (France),
• Encore Wire Corporation (U.S.),
• NKT Cables (Germany),
• Finolex Cables Ltd. (India).
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XLPE cables Market:
Grid Interconnection, offshore wind farm connections, increase usage of XLPE cables by governments, producer and manufacturers in order to increase efficiency is boosting the demand in the XLPE cable market.
Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “XLPE Cables Market Research Report - Global Forecast to 2022”
Scope of the report
This study provides an overview of the global XLPE cables market, tracking market segments across the six regions. The report provides a six-year forecast for the market size in terms of value for North America, Europe, Asia-Pacific, Middle East, Africa, and South America. The scope of the study segments the global XLPE cables market based on voltage, installation, and users. Voltage segmentation includes categorization of the market into low voltage cables, medium voltage cables, and high voltage cables. Segmentation on the basis of installation includes categories overhead, underground, and submarine cables. The market has also been segmented based on the types of users into power, oil & gas, chemical, manufacturing, metals & mining, infrastructure & transportation, and others.
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Market Research Analysis:
Due to large Base of installed offshore wind farm connections and grid interconnections in the European Region, the XLPE cables are very prevalent in this region. Significant increase in renewable activities across the globe has also resulted in boosting the demand for the XLPE cables. XLPE cable market is expected to show significant growth in the forecast period.
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