Technavio released power cable (2016-2020), according to a report in 2020, the high voltage cable accounted for the proportion of power cable market demand will be more than 51%.
In addition, the low voltage cable accounted for 16.1% of total demand, medium voltage cable accounted for 32.8%.
Said in a report, the high-voltage dc cable power cable market is the leading role, the long distance, low loss characteristics will drive the market continues to grow, especially in the submarine high-voltage dc cable market.
The report predicts that by 2020, the compound annual increase rate of the high voltage cable market will be close to 8%, higher than the average growth level of the power cable market.
In regional terms, by 2020, the Asia-pacific region, is still the world's largest regional market.
The proportion will be more than 60%. Increased urban population and rising living standards improve the local electric power demand is the main reason for the high demand for power cable in the Asia-pacific region.
From the point of the supplier, Prysmian, Nexon, general cable, and Sumitomo electric is a leaders in the field of high voltage cable technology, and still is the world's leading supplier of four high voltage cables.
Meanwhile, Belden cable, Southwire cable, LS cable, the far east cable, and so on various areas the main suppliers are also accelerating the investment and development in the field of high voltage cable, seizing the market.
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