High Voltage Cable Market by Type High Voltage Cable Market by Type | Page 2

Introduction to High Voltage Cable Market
• High Voltage Cable Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $ 47.1 billion by 2022, registering a CAGR of 6.7 % during the forecast period 2016- 2022.
• HVCs operate at a voltage greater than 66KV, and are used for electric power transmission and distribution over long distance with minimum power loss.
• The HVC market is largely driven by increase in investments in renewable energy projects and growth in urbanization, industrialization, and infrastructure in developing countries such as India, China, and Brazil.
• HVCs are segmented into three types, which include overhead, underground, and submarine. The underground HVC segment holds a significant revenue share in the global HVC market, owing to the applications of these cables in various industries such as power utilities, mining, paper & pulp, and cement industry among others.
• However, submarine cables are expected to witness the fastest growth during the forecast period, with a CAGR over 8 %.

Introduction to High Voltage Cable Market

• High Voltage Cable Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $ 47.1 billion by 2022, registering a CAGR of 6.7 % during the forecast period 2016- 2022.

• HVCs operate at a voltage greater than 66KV, and are used for electric power transmission and distribution over long distance with minimum power loss.

• The HVC market is largely driven by increase in investments in renewable energy projects and growth in urbanization, industrialization, and infrastructure in developing countries such as India, China, and Brazil.

• HVCs are segmented into three types, which include overhead, underground, and submarine. The underground HVC segment holds a significant revenue share in the global HVC market, owing to the applications of these cables in various industries such as power utilities, mining, paper & pulp, and cement industry among others.

• However, submarine cables are expected to witness the fastest growth during the forecast period, with a CAGR over 8 %.