fbpx
Monday, January 24, 2022

5.98% CAGR in Electrical Conductors Market for the Power Industry | Rising Investment in Power to Boost Growth | Technavio

Must read

NEW YORK, Dec. 16, 2021 /PRNewswire/ — The electrical conductors market for the power industry is dominated by APAC. According to Technavio, the region will account for 59% of the market’s growth during the forecast period. China, India, and Japan are the key countries for the electrical conductors for the power industry in APAC. The growing rate of urbanization and the rural electrification plans in many developing countries in APAC have increased the demand for electricity. This will drive the growth of the electrical conductors market for the power industry in APAC during the forecast period.

Request a Free Sample Report to learn about the contribution of each region of the electrical conductors market for the power industry

The electrical conductors market for the power industry is expected to grow by USD 9.47 bn from 2020 to 2025, progressing at a CAGR of 5.98% during the forecast period, according to Technavio.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The electrical conductors market for the power industry report covers the following areas:

Electrical Conductors Market for the Power Industry 2021-2025: Segmentation

  • Application
    • Power Cables
    • Transformer
    • Busbar
    • Submarine Power Cables
  • Geography
    • APAC
    • Europe
    • North America
    • South America
    • MEA

Download a Free Sample for more information about the segments of the electrical conductors market for the power industry

Electrical Conductors Market for the Power Industry 2021-2025: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The rising investment in power, growth in offshore wind energy, and increasing investments in renewable energy projects will offer immense growth opportunities. However, challenges faced in laying and maintaining electrical power cables, volatility in raw material prices, and stringent regulations will challenge the growth of the market participants.

Electrical Conductors Market for the Power Industry 2021-2025: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the Electrical Conductors Market for the Power Industry, including 3M Co., Alcon Marepha (Pty) Ltd., Apar Industries Ltd., CTC Global Inc., Fujikura Ltd., Furukawa Electric Co. Ltd., Hi tech Conductors (p) Ltd., Nexans SA, Prysmian Spa, and Sterlite Power Transmission Ltd. Backed with competitive intelligence and benchmarking, our research reports on the electrical conductors market for the power industry are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

Subscribe to our “Lite Plan” billed annually at USD 3000 that enables you to download 3 reports/year and view 3 reports/month.

Electrical Conductors Market for the Power Industry 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist the electrical conductors market for the power industry growth during the next five years
  • Estimation of the electrical conductors market for the power industry size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the electrical conductors market for the power industry
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of vendors of the electrical conductors market for the power industry

Related Reports:

  • Electrical Discharge Machine Market by End-user and Geography – Forecast and Analysis 2021-2025: The electrical discharge machine market share is expected to increase by USD 1.53 billion from 2020 to 2025, at a CAGR of 7.65%. Download Free Sample Report
  • Electrical Resistor Market by Product and Geography – Forecast and Analysis 2021-2025: The electrical resistor market size is expected to reach a value of USD 1.37 billion, at a CAGR of 4.86%, from 2020 to 2025. Download Free Sample Report

Electrical Conductors Market For The Power Industry Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.98%

Market growth 2021-2025

USD 9.47 billion

Market structure

Fragmented

YoY growth (%)

5.66

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 59%

Key consumer countries

China, India, US, Japan, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

3M Co., Alcon Marepha (Pty) Ltd., Apar Industries Ltd., CTC Global Inc., Fujikura Ltd., Furukawa Electric Co. Ltd., Hi tech Conductors (p) Ltd., Nexans SA, Prysmian Spa, and Sterlite Power Transmission Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: media@technavio.com

Website: www.technavio.com/

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/5-98-cagr-in-electrical-conductors-market-for-the-power-industry–rising-investment-in-power-to-boost-growth–technavio-301445718.html

SOURCE Technavio

spot_img

More articles

Latest article