Global Medium Voltage Cables Market is expected to garner $ 54.2 billion by 2022, registering a CAGR of 6.5 % during the forecast period 2015-2022. Medium voltage cable is a necessary component for power transmission and distribution in the voltage range of 1000 V to 35 kV. It is used across power, oil & gas, mining, chemicals( industrial), renewables, and infrastructure sector. Asia-Pacific is the largest contributor of medium voltage cables and it is anticipated to be the fastest growing market during the forecast period. Overhead lines show greater penetration in developing economies, such as Asia-Pacific and LAMEA, owing to lower costs. Underground cables have increased adoption in developed economies such as Europe.
Browse Our Research Report on Medium Voltage Cables Market by Installation( Underground, Submarine, Overhead) and End User( Oil & Gas, Mining, Chemicals & Petrochemicals, Cement, Utilities, Paper & Pulp, Wastewater Treatment, Pharmaceutical, Renewable Infrastructure)- Global Opportunity Analysis and Industry Forecast, 2015 – 2022 @ http:// www. marketintelreports. com / report / allied0018 / world-medium-voltage-cables-market-- opportunities-and-forecasts-2015--2022