Energy and Power Medium Voltage Cable Market | Page 2

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To strategically analyze the medium voltage cables and accessories market with respect to
individual growth trends, prospects, and contribution of each segment to the market
To analyze market opportunities for stakeholders and details of a competitive landscape
for market leaders
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Asia-Pacific is currently the largest market for medium voltage cables & accessories as majority
of urbanization activities are concentrated in countries such as China, India, and Japan. In China,
the infrastructure development remains the top priority, due to increasing opportunities in
railways and water infrastructure. In the next 5 years, countries such as China, South Korea, and
India would become potential markets for medium voltage cables & accessories systems. China,
which is 100% electrified, plans to upgrade its rural distribution grid from 2016 to 2020.
India is also among the most lucrative markets for industrial sector, making it the second largest
market for medium voltage cables & accessories. The Government of India has planned to add
88.5 GW of power capacity by 2017 and 93 GW by 2022, under the project called ‘Power for All’.
In 2015, 921 new distribution projects were issued by the Indian Ministry of Power to electrify
121,225 villages. With infrastructure investment set to go up, demand for construction equipment
will go up such as medium voltage cables & accessories.
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