Power Transmission Cables Global Market Assessed To Worth USD ~12 Billion By 2022 At ~6.5% of A CAGR; Declares MRFR

Pune, India, November 28, 2017/MRFR Press Release/- Market Research Future published a Cooked research report on “Global Power Transmission Cables Market Research Report - Forecast to 2022”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022General Cable Technologies Corp., Southwire Co. LLC, Zhejiang Shengda Steel Tower Co. Ltd., KEC International Ltd., Kalpataru Power Transmission Ltd., Nexans S.A., Prysmian S.p.A., Shandong DingChang Tower Co. Ltd., Nanjing Daji Iron Tower Manufacturing Co. Ltd., and Sumitomo Electric Industries Ltd. are some of the prominent players at the forefront of competition in the Global Power Transmission Cables Market and are profiled in MRFR Analysis.

Power Transmission Cables Global Market   - OverviewPower Transmission Cables are typically used to carry the electricity from generating units to the end users. The Power Transmission Cables Market is growing with the rapid pace; mainly due to its application in the consumer electronics. Rising number of Smart City and Smart Roads Projects worldwide; mirror the demand for new Power Transmission Cables as besides having other features as per standards, these projects also comprise, power transmission lines, phone, cable and many more like that.

Accrediting the prominence Power Transmission Cables are gaining in the current scenario and projecting the traction its growing market size would gain in the future, the Market Research Future, recently published a distinctive study report according to which the global Power Transmission Cables market is forecasted to perceive phenomenal accruals by 2022, crossing its previous growth records in terms of value registering substantial CAGR of 6.5% during the period 2017 to 2022.

The predominant factors that contribute to the growth of Global Power Transmission Cables Market include rising inclusion of renewable power resources, demand for Sustainable and Affordable Power Transmission Technologies, up gradation of aging grid infrastructure result in the growth of the power transmission cables market.  Rapid urbanization and industrialization are other major factors that provide impetus to the Global Power Transmission Cables Market growth. Moreover, the augmenting demand for integration of renewable energy sources into the existing grid infrastructures is fostering the Power Transmission Cables Market growth up to a large extent. Also, numerous Governmental initiatives worldwide coupled with Key players’ efforts to implement the smart grid technologies is fuelling the growth of the Power Transmission Cables Market. Smart grid infrastructure has proven its ability in to flexible and high-performance power transmission system in most of the developing regions and countries.

On the other hand, factors such as wireless transmission technologies are expected to present challenges to the market growth of Power Transmission Cables during the forecasted period. However, augmented demand of electric power in underground and submarine power transmissions is anticipated to boost the Power Transmission Cables market growth.

Promoting power generation using renewable energy sources such as wind and solar power is vital for the growth of any economy and to reduce its financial dependence while cutting its greenhouse gas emissions. But established electric utilities’ reluctance to allow new power suppliers to use surplus capacity in their transmission lines is emerging as a major obstacle to growth in renewable power generation worldwide. The big utilities claim there is no unused capacity in their transmission lines in many areas, forcing many renewable power suppliers to abandon their business plans. These smaller and greener electricity suppliers cannot afford the heavy investment needed for transmission capacity expansion, which would require many years and be enormously expensive. Studying the data provided by a public institution that monitors and supervises the use of power transmission lines Countrywide to estimate how the core transmission lines were actually used, the analysis shows that only 2 to 18 percent of the total capacity was used. Access Report Details @ https://www.marketresearchfuture.com/reports/power-transmission-cables-market-1768

Power Transmission Cables Global Market   - Competitive Analysis The Global Power Transmission Cables Market appears to be highly competitive and fragmented due to the presence of several large and small players. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position. Marketers employ a continuous improvement strategy to analyze and update their systems, implementing improvements and launching new technologies to meet the changing needs of consumer. The market is expected to witness the entry of several new players who are technologically advanced and will capture a major portion of this fast moving market in the coming years. Which in turn will intensify the competition further in the market.

Industry/ Innovation/ Related News27 November 2017 – The Prysmian Group (Milan), announced that they are ready to launch a new monitoring and maintenance service for a complete and effective management of subsea cable faults, Turn-key cable solutions, project engineering, state-of-the-art cable technologies and asset management services. The company will exhibit its extended portfolio of products and services at the Wind Europe Annual Event 2017 in Amsterdam from 28th to 30th November (RAI Exhibition and Convention Centre, Booth 1C50).

26 November 2017 – Larson &Toubro construction (India) announced that the Power Transmission & Distribution Business of L&T Construction has bagged orders worth Rs. 595 crore in the international market. The business has bagged an order for the construction of a new 380kV Switching Station in the Central Operating Area of the Saudi Electricity Company. In a significant breakthrough, an order has been secured from Morocco's Office National de l'Electricit ET del'Eau Potable (ONEE) for the construction of a 225/60kV Substation at Dakhla (Morocco) with associated 60kV overhead lines and underground cables. The business has also won an order from the Kenya Power and Lighting Company Limited for the electrification of nine counties in Kenya. The Buildings & Factories Business has bagged orders worth Rs. 355 crore.

21 November 2017 - Belgian Transmission System Operator (TSO) Elia officially inaugurated the Stevin high-voltage line in order to support the country’s high-voltage grid in West and East Flanders. The 47 kilometre, 380 kV Stevin line, between Zeebrugge and Zomergem, is pioneering in that it will transport energy generated by new offshore wind farms to the mainland, encourage green energy projects in the region, support the growth of the Zeebrugge port area and facilitate exchange of energy with the UK via the subsea Nemo cable. It will be able to transport up to 3,000 MW, a capacity equal to that of three major nuclear power plants.

21 November 2017 - Empire State Connector Corp (USA) started an open solicitation process for its 265-mile 1GW transmission line, which will allow upstate New York state generators to deliver renewable power into New York City. The electricity will be transported by two submarine cables buried in the Erie Canal and the Hudson River.  The $1.5bn project route aims to cut through existing transmission congestion that has been a problem in New York for many years.

11 November 2017 - Louvre Abu Dhabi, opened its doors to the public; Power Transmission Cables required for the project were supplied by the Prysmian Group (Milan), a key players in the energy and telecom cables and systems industry. The project consists of enhanced fire resistant cables, a mixture of both FPPLUS and FPPLUS FLEX cables, which offer extended fire survival times, coupled with low flame spread and very low emission of smoke and dangerous gases in the event of a fire. This allows guests longer time to evacuate the building and ensures better operating conditions for the emergency teams. Moreover, fire-resistant cables ensure power supply and fire alarm system operation during a fire.

Power Transmission Cables Global Market   - SegmentsThe Power Transmission Cables Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Installation            :  Comprises Overhead, Underground, and Submarine, and others.

Segmentation by Voltage                  : Comprises High and Medium.

Segmentation by Users                     : Comprises Utility and Industrial.

Segmentation By Regions     : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Power Transmission Cables Market   -

Regional Analysis