Overhead Cables Market to Grow at CAGR of 5.92 % by 2021: Global Market Segmentation, Geographical Analysis and Forecast by 2021

Overhead Cables market report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The report provides actionable intelligence on major factors influencing the Overhead Cables market (drivers, opportunities, industry specific challenges, and other critical issues) along with the Overhead Cables market size of various segments.

Cables are a collection of electrical conductors that are insulated. These are used for transmission and distribution purposes. Overhead cables are installed above buildings and between electric poles. There is a presumption that underground cables are more reliable as they are less prone to damage from storms, lightning, and other disruptions. However, underground cables involve a difficult installation process. The cost of installation is also high when compared with overhead cables, which makes the latter a preferred choice among industries that need electricity.

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On the grounds of comprehensive, reliable data derived from extensive research of multiple sources (both primary and secondary) and in-depth market analysis with inputs from industry experts, Overhead Cables market projected to grow at a CAGR of 5.92% during the period 2017-2021.

Overhead Cables Market Drivers, Challenges and Trends: –

Market Driver: – One driver in the market is increased renewable power generation. overhead power cables are used at large to transmit electricity generated from power plants. the growing concerns of shifting to renewable energy sources have led to an increase in electricity generation from wind turbines, solar power, and others. this has led to the demand for new installations of overhead cables. renewable energy is the fastest growing source of electricity generation. the amount of electricity generated from renewable energy sources is growing by more than 2.5% per year.

Market Challenge: – One challenge in the market is fluctuating raw material prices. the primary raw materials used to manufacture an overhead power cable are aluminum and copper. all power cable vendors incur a major part of their manufacturing cost for acquiring these raw materials. as per the december 2015 prices of these metals, material costs account for approximately 85% of the total production cost. the total cost of copper and aluminum metals account for roughly 50% of the total production cost.

Market trend: – One trend in the market is expanding railway industry. Power cables are used for power transmission for rail systems. Owing to technological innovations, the global railway industry has undergone changes in the recent past.  Growing population and expanding metropolitan areas have resulted in increased demand for railways.

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Market segmentation by voltage requirement:- High voltage, Medium voltage, Low voltage

Geographic Segmentation: – Americas, APAC, EMEA

To calculate the Overhead Cables market size the report considers detailed picture of the market through study, synthesis, and summation of data from multiple sources. The report covers the market landscape and its growth prospects over the coming years.  Further it converses about key vendors operating in Overhead Cables market like General Cable, Nexans, NKT Holding, Prysmian Group, Sumitomo Electric Industries and many more.

Some of the Exhibits included in Overhead Cables Market report: –

Exhibit 01: Global overhead cable market by geography 2016-2021

Exhibit 02: Overview of global overhead cable market

Exhibit 03: Global overhead cable market 2016-2021 ($ billions)

Exhibit 04: Five forces analysis

Exhibit 05: Global overhead cable market by voltage requirement 2016-2021

 

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With geographic breakdown of the Overhead Cables market in terms of detailed analysis and impact, this report provides business dimensions with an eye on growth opportunities and contribution of upcoming market segments.