Lucintel's latest market report analyzed that medium voltage cable provides attractive opportunities in the industrial, commercial, and utility markets. The medium voltage cable market is expected to reach $56.4 billion by 2028 with a CAGR of 5.7%. In this market, underground is the largest segment by installation, whereas utility is largest by end use industry.
Based on installation, the medium voltage cable market is segmented into underground, submarine, and overhead. The underground segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, because it ensures low transmission losses and maintenance costs and also helps in incorporating emergency power loads.
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The Medium Voltage Cable Market is marked by the presence of several big and small players. Some of the prominent players offering medium voltage cable include General Cable, Nexans S.A, NKT Group, ABB Ltd, Prysmian, Southwire Company, KabelwerkeBrugg, Eland Cables, Leoni AG, and Sumitomo Electric.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
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