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Global Electricity Cable Market Annually Increased by 7.9% During 2016 - 2020

Number of visits: Date:3/4/2016 04:52:08
According to the latest research report released by Technavio, it showed that, with the growing demand for electricity, expected to 2016-2020, the global power cables market compound annual growth rate would reach 7.9%.
 
Reported that the power demand growth as well as the power grid modernization, especially the gradual popularization of high pressure / UHV technology, the next five years, the global power cable market would usher in a period of rapid and steady growth. It was worth noting that the high voltage DC power cable cable would become the new darling of the market.
 
Among them, the Asia-Pacific region was expected to become the largest power cable market demand. In addition, the Middle East, Africa and Latin America and other emerging market demand for power cables was also growing rapidly.
 
The report also believed that price fluctuations of raw materials was the greatest challenge facing the development of the power cable market.

TypeInfo: Industry news

Keywords for the information:jiapu cable  bare conductor  power cable  special cable