Medium Voltage Cable & Accessories Market To Observe Exponential Growth By 2017-2022 - Express Press Release Distribution - 0 views
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Almira Coyne on 26 May 20The global medium voltage cable & accessories market is projected to reach USD 56.2 billion by 2022 from an estimated USD 41.5 billion in 2017, at a CAGR of 6.3% from 2017 to 2022. This growth can be attributed to the changing trends in the energy sector vis-à-vis increasing renewable energy-based power generation, investment plans for expansion of T&D networks in developing economies, revamp of the existing aging infrastructure, growing global power generation capacity, and increasing demand for smart grid technology. Additionally, the rapidly growing infrastructure industry in the emerging regions; and the rapid pace of industrialization and urbanization are anticipated to drive market growth.