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According to a research report released by Research and Markets, an international market research institution, from 2021 to 2026, the compound annual growth rate of the global optical fiber composite overhead ground wire (OPGW) market will reach 5.
27%, during which the market scale growth demand will exceed 600 million US dollars
.
The report believes that the upgrading of existing lines, the addition of transmission and distribution transmission paths as well as channels, the widespread adoption of power supply companies, and the growing demand for high-speed internet are the major drivers
for the steady growth of the market during the forecast period.
However, the high installation cost also places certain restrictions
on this market.
At the same time, governments and businesses encouraging R&D investment to strengthen infrastructure, and the development of smart energy management systems and the increasing adoption of OPGW cables by power companies will also provide more opportunities
for this market.
According to a research report released by Research and Markets, an international market research institution, from 2021 to 2026, the compound annual growth rate of the global optical fiber composite overhead ground wire (OPGW) market will reach 5.
27%, during which the market scale growth demand will exceed 600 million US dollars
.
The report believes that the upgrading of existing lines, the addition of transmission and distribution transmission paths as well as channels, the widespread adoption of power supply companies, and the growing demand for high-speed internet are the major drivers
for the steady growth of the market during the forecast period.
However, the high installation cost also places certain restrictions
on this market.
At the same time, governments and businesses encouraging R&D investment to strengthen infrastructure, and the development of smart energy management systems and the increasing adoption of OPGW cables by power companies will also provide more opportunities
for this market.
