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According to the latest research report released by Markets Research Engine, an international market research institute, the global overhead cable market is expected to exceed $80.
5 billion by 2024, with a compound annual growth rate of 6%
during the period.
As the global population and economic activity grows, the demand for electricity expands, and the decarbonization transition is promoting the growth of renewable energy generation, further stimulating increased
investment in transmission and distribution infrastructure.
Therefore, it is necessary to update and build a more mature and reliable grid system to complete the transmission
of electricity to users.
At the same time, the acceleration of urbanization and industrialization has promoted the development of infrastructure construction such as railways, which in turn has stimulated the demand
for the overhead cable market.
However, fluctuations in raw material prices and protection of environmental requirements are also major factors
restraining the development of this market.
According to the latest research report released by Markets Research Engine, an international market research institute, the global overhead cable market is expected to exceed $80.
5 billion by 2024, with a compound annual growth rate of 6%
during the period.
As the global population and economic activity grows, the demand for electricity expands, and the decarbonization transition is promoting the growth of renewable energy generation, further stimulating increased
investment in transmission and distribution infrastructure.
Therefore, it is necessary to update and build a more mature and reliable grid system to complete the transmission
of electricity to users.
At the same time, the acceleration of urbanization and industrialization has promoted the development of infrastructure construction such as railways, which in turn has stimulated the demand
for the overhead cable market.
However, fluctuations in raw material prices and protection of environmental requirements are also major factors
restraining the development of this market.
