Global Power Cables Market Growth and Revenue Outlook Mar-2017

Global Power Cables Market 2017-2021
The Power Cables Market report contains a comprehensive market and vendor landscape in addition to
a SWOT analysis of the key vendors for 2017-2021. The following companies are the key players in the
global power cables market: Prysmian Group, Nexans, General Cable, NKT, and Sumitomo Electric
Industries. Other Prominent Vendors in the market are L S Cable & Systems, Southwire Company,
Hangzhou Cable Company, TPC Wire & Cable, HENGTONG GROUP, Belden, Encore Wire, Finolex, and KEI
Industries.
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Market Trend
The latest trend gaining momentum in the power cables market is development of smart grid. Smart
grids bring a convergence of analog or digital information, computer-based remote control, and
automation to electricity networks. Smart grid systems are increasingly used in many countries. These
systems incorporate automated software and electronic hardware such as meters, switches, and relays
that guarantee smooth and appropriate T&D of electricity by upgrading and controlling operational
processes over a network.
Market Driver
One of the major drivers for power cables market is increasing wind capacity installation. Power cables
are used largely to transmit energy generated by wind turbines. They are also said to increase the
efficiency of wind turbines. The growing concerns of shifting to renewable energy sources have led to an
increase in electricity generation from wind turbines. This has led to increased demand for power
cables.
Market Challenge
One of the major factors hindering the growth of power cables market is fluctuating raw material prices.
The primary raw materials that constitute in a power cable are aluminum and copper. All power cables
vendors incur a major part of their manufacturing cost for acquiring these raw materials.
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Table of Contents of the Report
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
Key market highlights