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2024 Global High-voltage Cable Market Demand Reached 52 Billion US Dollars

Jul 24, 2017


  According to the international market research firm ASD Reports latest report shows the market of high-voltage cable demand will reach 52 billion US dollars in 2024, the year coincidence rate will reach 6.3%. According to the application of the environment, high-voltage cables are divided into underground high-voltage cables, overhead high-voltage cables and submarine high-voltage cables. Industrialization and urbanization process to speed up the wind and solar energy and other renewable energy has gradually increased, high-voltage cable market will  in steady growth. High-voltage power cable compared to other power cables with low loss, high transmission rate. The next few years, the high-voltage market will certainly increase significantly. In addition, each country's investment in smart grid, energy storage and other new technologies will bring high-voltage cable development opportunities. Copper and aluminum material price fluctuations are the most restrictive effects on market development.

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