PPT for Power and Control Cable Market Trend & Forecast by 2017 - 2024

1. Power And Control Cable Market Trends, Share, Industry Outlook & Forecast 2017 - 2024 Power And Control Cable Market Size By Product (Power Cable, Control Cable), By Voltage (HV, MV, LV (LV Power, LV Control)), By Application (Utilities, Industrial (Power Plants, Oil & Gas, Cement)), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, France, Turkey, Germany, Russia, China, India, Japan, South Korea, Australia, Saudi Arabia, UAE, South Africa, Egypt, Brazil, Argentina, Peru), Price Trends, Competitive Market Share & Forecast, 2017 – 2024

2. Global Market Scenario of Power And Control Cable • Power And Control Cable Market size for 2016 was valued over USD 80 billion and is set to witness gain over 9% by 2024. • Rising investments by developing countries towards construction and infrastructure sector will drive the global power and control cable market size. • Introduction of smart city initiatives across several countries including China, India and UAE will further stimulate the product demand. • Growing measures to strengthen the transmission and distribution network to cater the growing electricity demand will embellish the power and control cable market.

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4. Product Insights • Growing measures to strengthen the transmission and distribution network to cater the growing electricity demand will embellish the power and control cable market. As per the U.S. Energy Information Administration, the global electricity demand has expanded over 3% from the past six years however, it is 16% lower than the generated electricity owing to inefficient grid infrastructure. • Utilities across the globe are making significant investments to enhance their transmission capability with the aim to reduce the energy loss, which will positively impact the business outlook. In 2016, the U.S. Federal Government announced USD 10 billion grant to reduce the curtailment rate across their western transmission network through the development of new and improved grid infrastructure.

5. Regional and Competitive Insights • Asia Pacific power and control cable market size is set to exceed USD 100 billion by 2024. Ongoing rural electrification program coupled with increasing demand for reliable and safe electricity will positively impact the industry size. Positive outlook towards renewable energy with growing industrialization will further boost the product demand. • UK power and control cable market is set to expand over 3% over the forecast timeline. Government initiatives to shift the dependency to sustainable energy sources will augment the industry outlook. The Réseau de Transport d'Electricité (RTE) and UK National Grid awarded a contract worth USD 290 million to ABB, to develop high-voltage direct current technology aimed at interconnecting electric networks between UK and France. The company will provide two high-voltage HVDC light converter stations that will be linked by a subsea cable. • Notable players across the power and control cable market include Polycab, Prysmian, CMI, Havells, Nexans, LS Cable & System, Furukawa Electric, Southwire, General Cable, and Sumitomo Electric Industries.

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