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