Global Electrical Conductor Market for Power Industry to grow at a CAGR of 6.1% during the period 2016 - 2020; Finds New Report

Report forecast the global electrical conductor market for power industry 2016-2020 to grow at a CAGR of 6.1% during the period 2016-2020.

An electrical conductor is any material that can conduct electricity. A metal wire is a common example of electrical conductor. Electrical conductors form an essential component in the power industry and is responsible for the T&D of electric power. Electrical conductors are used in power cables, transformers, and busbars.

The report covers the present scenario and the growth prospects of the global electrical conductor market for power industry 2016-2020. To calculate the market size, the report covers the present scenario and growth prospects of the global electrical conductor market for the power industry during 2016-2020.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, one of the primary drivers in the market is increased demand for power generation. The power demand has increased significantly across the globe. Further, growth in population and global economy is expected to drive this trend in future as well. Also, according to the International Energy Agency (IEA), the world power demand is expected to increase from 19,004 TWh in 2011 to 34,454 TWh by 2035. The population rise and growing economic development would require substantial amount of power to sustain in the economy.

Further, the report states that one major challenge in the market is competitive market scenario. The global power cables market gives an opportunity to both large international vendors as well as many regional vendors to operate. Although major vendors such as General Cables, NKT, and ABB have created a brand recognition for their products globally, they still face stiff competition from regional vendors, especially those from China and India, which are the two largest markets for power cables regarding consumption as well as manufacturing. Some of the notable cable manufacturers from these two developing nations include Hanhe Cable Company, Hengtong Marine Cable System, and Zhongtian Technology Submarine Cable from China. International vendors are finding it difficult to compete with domestic manufacturers that offer cable wires at a lower cost. Therefore, price wars resulting from minimal product differentiation are expected. The main differentiation of goods in the market is in the different types of cables used for voltage ranges. However, many vendors are working to offer reliable high-voltage power cables at cheaper rates to stay ahead in the competition.

Global Electrical Conductor Market for Power Industry 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global electrical conductor market for power industry: Apar Industries, CTC Global, General Cable, Nexans, and Sterlite Technologies.

Other prominent vendors in the market are: Grupo Cabelte, Lamifil, Diamond Power Infrastructure, Gupta Power, J-Power Systems, TELE-FONIKA Kable, Midal Cables, and 3M.

Market driver

• Increased demand for electricity from emerging countries.
• For a full, detailed list, view our report

Market challenge

• Competitive market scenario.
• For a full, detailed list, view our report

Market trend

• Rise in demand for high-temperature superconducting cables.
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 77 pages and 44 Exhibits “Global Electrical Conductors Market for Power Industry 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by application, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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