Empowering Tomorrow's Grid: High Voltage Cable Market on Track for Remarkable Growth
Allied Market Research published a report on the global high voltage cable market size was valued at $14.6 billion in 2019 and is projected to reach $23.4 billion by 2027, registering a CAGR of 6.0% from 2020 to 2027. 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅: https://www.alliedmarketresearch.com/request-sample/1535 High-voltage cables are used to transfer electricity from power plants to power grids, or directly to industries at very high voltage. The market is driven by industrialization and urbanization in developing countries such as China, Japan, and India. An increased number of renewable energy projects, such as wind and solar power plants, have also supplemented the high voltage cables market growth. One of the restraints associated with the HVC market is the volatile pricing of metals such as copper and aluminum. However, growth in investments in smart grid technology and an increase in the number of offshore power projects in developing countries are...