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Market Study Report, a global market research research agency, recently released a report that the compound annual growth rate of the global distribution cable market from 2019 to 2024 is about 7.
5%.
According to the report, by 2024, the global distribution cable market demand will increase from $90.
7 billion in 2019 to $130 billion
.
In the past few years, the global distribution cable market has developed rapidly, with an average annual growth rate of 9.
85%.
In 2017, for example, global distribution cable revenue (disclosed) was close to $74.
7 billion.
Distribution cables are widely used on land, underground and underwater
.
In 2017, land was still the largest application market, with a market share of about 42.
36%.
Regionally, Asia Pacific will be the largest regional market during the forecast period, driven by power infrastructure and population growth in China, India, and Southeast Asia, and the distribution cable market in the region will maintain a steady growth trend
.
Coupled with the further expansion of renewable energy, "last mile" solutions will continue to drive demand for distribution
cables.
From the perspective of suppliers, Prysmian, Nexans, Sumitomo Electric, Furukawa Cable, Minami Cable, LS Cable, Fujikura Cable, and LEONI Cable will become the world's leading power distribution cable manufacturers, but they will also face fierce competition from major regional suppliers, including China's Far East Cable, Hengtong Cable, Baosheng Cable, India's Finolex, KEI Industries, Middle East Dubai Cable, etc
.
Market Study Report, a global market research research agency, recently released a report that the compound annual growth rate of the global distribution cable market from 2019 to 2024 is about 7.
5%.
According to the report, by 2024, the global distribution cable market demand will increase from $90.
7 billion in 2019 to $130 billion
.
In the past few years, the global distribution cable market has developed rapidly, with an average annual growth rate of 9.
85%.
In 2017, for example, global distribution cable revenue (disclosed) was close to $74.
7 billion.
Distribution cables are widely used on land, underground and underwater
.
In 2017, land was still the largest application market, with a market share of about 42.
36%.
Regionally, Asia Pacific will be the largest regional market during the forecast period, driven by power infrastructure and population growth in China, India, and Southeast Asia, and the distribution cable market in the region will maintain a steady growth trend
.
Coupled with the further expansion of renewable energy, "last mile" solutions will continue to drive demand for distribution
cables.
From the perspective of suppliers, Prysmian, Nexans, Sumitomo Electric, Furukawa Cable, Minami Cable, LS Cable, Fujikura Cable, and LEONI Cable will become the world's leading power distribution cable manufacturers, but they will also face fierce competition from major regional suppliers, including China's Far East Cable, Hengtong Cable, Baosheng Cable, India's Finolex, KEI Industries, Middle East Dubai Cable, etc
.
