High Voltage Cable Market by Type High Voltage Cable Market by Type | Page 3
Introduction to High Voltage Cable Market
• The growth would be driven by their applications in offshore power projects and oil & gas industry and their various competitive advantages over other cables such as presence of extra shield, armor, and protection & bedding.
• Among the end user segment, industrial segment held the highest revenue share in 2015, owing to growing energy demand in industries such as oil & gas, mining, power utilities, and chemicals among others.
• Renewable energy segment also contributed a significant revenue share of over 36 % in the overall market in 2015.
• However, infrastructure segment is expected to witness the fastest growth during the forecast period due to increase in urbanization in developing countries such as China and India.
• Asia-Pacific is the largest revenue-generating region in this market, followed by Europe and North America.
Introduction to High Voltage Cable Market
• The growth would be driven by their applications in offshore power projects and oil & gas industry and their various competitive advantages over other cables such as presence of extra shield, armor, and protection & bedding.
• Among the end user segment, industrial segment held the highest revenue share in 2015, owing to growing energy demand in industries such as oil & gas, mining, power utilities, and chemicals among others.
• Renewable energy segment also contributed a significant revenue share of over 36 % in the overall market in 2015.
• However, infrastructure segment is expected to witness the fastest growth during the forecast period due to increase in urbanization in developing countries such as China and India.
• Asia-Pacific is the largest revenue-generating region in this market, followed by Europe and North America.