Current Trends: A Deep Dive into the High Voltage Cables and Accessories Market
Global Growth Factors:
Factors such as increased investments in electricity grids and growth of offshore wind farms is driving the need for high voltage cables and accessories. It offer insulation and protection to prevent electrical leakage and reduce power losses. Accessories are essential components utilized to establish secure connections and maintain the seamless flow of power, ensuring the...
Power Grid System Market in Subsea to See Positive Growth with Digitalization and New Disruptive Technologies
New Revenue Pockets:
The global power grid system market in subsea is projected to reach USD 14.8 billion by 2027 from an estimated USD 9.1 billion in 2022, at a CAGR of 10.2% during the forecast period. Favorable government policies for offshore renewable power production, especially using wind energy along with urgent need to reduce carbon emissions and improve grid reliability and efficiency...
EV Cables Market is Booming: Explore Opportunities!
EV cables
perform different functions in electric vehicles as they aid in
signal transmission and powering up of different electronic and electrical
devices. They are also used to set up electrical circuits in electric vehicles
and are designed to operate in extreme conditions effectively.
The global EV Cable Market is expected to register significant growth during the forecast period. It is estimated...
EV Charging Cables Market Likely to Grow at a CAGR of 39.5%, to reach USD 3,173 million by 2027
The global EV Charging Cables Market is projected to grow at a CAGR of 39.5%, to reach USD 3,173 million by 2027 from an estimated USD 431 million in 2021. The market growth can be attributed to the increasing installation of charging stations by various OEMs and electric vehicle supply equipment manufacturers. The increasing demand for e-mobility and high-power charging cables in developing regions...