Pfisterer Group

Worldwide High Voltage Cable Accessories Industry to 2025 - Featuring Nexans, Prysmian and ABB Among Others - ResearchAndMarkets.com

Retrieved on: 
Wednesday, October 7, 2020
Other Manufacturing, Manufacturing, Electromagnetism, Electric power, Power cables, Force, Electrical safety, Electric power distribution, Cables, Undergrounding, High-voltage cable, High voltage, Electric power transmission, Pfisterer Group

Among the 100 smart city projects of the country, several projects include underground cables, which in turn is expected to drive the high voltage cable accessories market.

Key Points: 
  • Among the 100 smart city projects of the country, several projects include underground cables, which in turn is expected to drive the high voltage cable accessories market.
  • The overhead cable replacements are expected to take place between 2020 and 2025, in turn, driving the market for underground segment for high voltage cable accessories market.
  • Therefore, based on the above-mentioned factors and its advantages, underground segment is expected to dominate the high voltage cable accessories market during the forecast period.
  • Therefore, based on the above-mentioned factors, Asia-Pacific region is expected to have a positive impact on high voltage cable accessories market during the forecast period.

Asia-Pacific Switchgear (Low Voltage, Medium Voltage, and High Voltage) Markets, 2018-2019 & 2019-2025

Retrieved on: 
Tuesday, August 13, 2019
Electric power, Electric power distribution, Energy, Switchgear, Electrical grid, Pfisterer Group

The Asia-Pacific switchgear (low voltage, medium voltage, and high voltage) market is predicted to have a steady growth rate of 2.9% from 2018 to 2025, driven by increasing power demand and grid connectivity across the region.

Key Points: 
  • The Asia-Pacific switchgear (low voltage, medium voltage, and high voltage) market is predicted to have a steady growth rate of 2.9% from 2018 to 2025, driven by increasing power demand and grid connectivity across the region.
  • Demand for switchgear also is driven by retrofits of aging equipment, especially in the medium- and high-voltage categories.
  • Southeast Asia will remain the fastest-growing market during the forecast period, and this growth will be attributed to its rapid development in grids and construction.
  • Although East Asia is the largest market segment, it is expected to account for a low compound annual growth rate of below 2%.