Energy and Power

The high-voltage cables and accessories market is projected to grow USD 54.7 billion by 2030, showing a 7.2% compound annual growth rate (CAGR) throughout the predicted period (2022 - 2030). Drivers and Restraints With the rising economic prosperity, and fast technological and industrial growth, a world without electrical power is unthinkable. Power transmission has the highest importance in the power sector's value chain because, unlike other goods, energy can not be transported by means of transport modes. One of the main issues about electricity transmission is the power supply interruption. Owing to continuous advancements in end-use industries coupled, the high voltage cable and accessories market is projected to have a huge number of advances over the forecast time frame Multinationals and well known businesses are also projected to have strong expansion activities on the sector. The market for high-voltage cables and accessories is driven by factors such as increased ...

Market Analysis  The high voltage cables and accessories market is a critical segment of the energy and power transmission industry. High voltage cables are used to transmit electricity over long distances, often at voltages exceeding 100 kV. These cables are essential for interconnecting power generation sources, such as power plants, with distribution networks and end-users. The high voltage cables and accessories market size will grow by 7.2% CAGR by 2030, states the latest Market Research Future (MRFR) report. Drivers  Demand for Renewable Sources to Boost Market Growth  The demand for renewable sources will boost the market growth over the forecast period. Renewable sources are the most chosen source for energy generation particularly solar and wind energy sources. This increased utilization of renewables results in setting up new transmission lines that will drive market growth. The increasing penetration of renewables like solar energy & wind energy ...