Power Cables Market Report by Installation (Overhead, Underground, Submarine Cables), Voltage (High, Medium, Low), End-Use Sector (Power, Oil & Gas, Chemical, Manufacturing, Metals & Mining, Infrastructure, Transportation, and Others), Material (Copper, Aluminum), and Region 2024-2032
The global power cables market size reached US$ 176.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 284.1 Billion by 2032, exhibiting a growth rate (CAGR) of 5.2% during 2024-2032. Increasing demand for electricity, surging investments in renewable energy sources, continuous technological advancements, rapid urbanization and industrialization, government regulations promoting energy efficiency, the rise of smart grid systems, growing environmental awareness, and the emergence of electric vehicles (EVs) and associated charging infrastructure are some of the factors facilitating the market growth.
Read More: https://www.imarcgroup.com...
The global power cables market size reached US$ 176.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 284.1 Billion by 2032, exhibiting a growth rate (CAGR) of 5.2% during 2024-2032. Increasing demand for electricity, surging investments in renewable energy sources, continuous technological advancements, rapid urbanization and industrialization, government regulations promoting energy efficiency, the rise of smart grid systems, growing environmental awareness, and the emergence of electric vehicles (EVs) and associated charging infrastructure are some of the factors facilitating the market growth.
Read More: https://www.imarcgroup.com...
Power Cables Market Share, Size, Trends & Growth [2032]
The global power cables market size reached US$ 176.9 Billion in 2023 and grow at a CAGR of 5.2% to reach US$ 284.1 Billion by 2032.
https://www.imarcgroup.com/power-cables-market
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