Air Quality Monitoring Software Market 2021 Industry Research, Business Growth, Future Investment and Emerging Trend to 2030

In a recent published report, Kenneth Research has updated the market report for Medium Voltage Cables And Accessories Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Medium Voltage Cables And Accessories Market products.

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A report on Medium Voltage Cables And Accessories Market has been added by Kenneth Research into its market research repository. The report provides an extensive analysis of the market by determining the relationship between the dependent and independent variables through correlation and regression for the forecast period, i.e., 2021 2025. The report on Medium Voltage Cables And Accessories Market further provides the supply and demand risks associated with the growth of the market, and consists of macro-economic indicators that are contributing to the market growth. The Global Medium Voltage Cables & Accessories was valued at USD 39.42 billion in 2016 and is projected to reach USD 68.43 billion by 2025, growing at a CAGR of 6.32% from 2017 to 2025. The market is thriving on account of the growing trade on fuel worldwide, backed by the rising demand for energy from the end-users.

According to the statistics by the World Bank, exports of fuel increased from 12.91% of merchandise exports in 2001 to 14.25% of merchandise exports in 2018. Additionally, imports of fuel registered a growth by 1.28x between the years 2001 and 2018. In 2001, the import of fuel was 10.30% of merchandise exports whereas in 2018, it was 13.19% of merchandise exports. On the other hand, the increasing focus of the players in the energy and power industry to lower their cost of operations so as to enhance their profitability, is also anticipated to contribute to the market growth. The natural gas rents, which is defined as the difference between the total cost of production of natural gas and the production value at world prices, decreased significantly from 0.40% of GDP in 2001 to 0.18% of GDP in 2017. Alternatively, the oil rents, which increased from 1.09% of GDP in 2001 to 1.30% of GDP in 2019, portrays the need amongst the players to enhance their focus in reducing the cost of production of oil.

The Global Medium Voltage Cables & Accessories was valued at USD 39.42 billion in 2016 and is projected to reach USD 68.43 billion by 2025, growing at a CAGR of 6.32% from 2017 to 2025.

Medium voltage cables are a category of cables defined by the International Electrochemical Commission with voltage ranging above 1kV to maximum 100kV. Medium voltage cables are used for power distribution and electric power transmission in commercial and industrial sectors. Benefits of Medium voltage cables and accessories include – high flexibility, high durability, easy to install, superior flex life, longer-lasting, withstand extreme abuse, safe, protection against abrasion, oil, impact, ozone & tearing.

The Final Report will cover the impact analysis of COVID-19 on this industry:

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Sample Infographics:

Market Dynamics:
1. Market Drivers
1.1 Implementation of smart grid technology
1.2 Increase in power demand
1.3 High demand for renewable energy favorable policies
1.4 Growing industrialization & urbanization
1.5 Growing renewable energy generation
2. Market Restraints
2.1 Funding constraints
2.2 Changing prices of raw materials
2.3 Availability of low-quality and low cost products

Market Segmentation:
The Global Medium Voltage Cables & Accessories is segmented on the installation and products, voltage range, end user, and region.

1. Installation and Products:
1.1 Submarine
1.1.1 MI Cables
1.1.2 XLPE Cables
1.1.3 Cable Terminations
1.1.4 Cable Joints
1.2 Underground
1.2.1 MI Cables
1.2.2 XLPE Cables
1.2.3 Cable Terminations
1.2.4 Cable Joints
1.3 Overhead
1.3.1 Conducting wires
1.3.2 Fittings and Fixtures

2. By Voltage Range:
2.1 1–5 kV
2.2 6–13 kV
2.3 23 kV
2.4 34 kV
2.5 45 kV
2.6 69 kV

3. By End User:
3.1 Infrastructure
3.2 Renewables
3.3 Industrial

4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. Nexans S.A.
2. Prysmian S.P.A.
3. Southwire Company, LLC
4. Hebei New Baofeng Wire & Cable Co., Ltd.
5. EL Sewedy Electric Company
6. Tele-Fonika Kable Sa
7. Dubai Cable Company Ltd.
8. Tpc Wire & Cable Corp.
9. General Cable Corporation
10. NKT Cables Group A/S
11. Sumitomo Electric Industries, Ltd.
12. Kabelwerke Brugg AG
13. LS Cable & System Ltd.
14. Leoni AG
15. ABB Ltd.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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Research study on the Global Medium Voltage Cables & Accessories was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

To know more about the research methodology of verified market research and other aspects of the research study, kindly get in touch with our sales team.

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Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

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Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.

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