Global Power Distribution Cables Market to Reach US$ 152100 mn by 2025

Publisher: QYResearch
Published Date: 2019/8/2

Urbanization and rapidly growing construction activities are the major factors driving the market. These have influenced the energy and power demand in residential, commercial, and industrial sectors creating a massive demand for global power distribution cables. Growing investments to develop rural areas has also created a demand for power distribution cables. Supportive government policies encouraging efficient power distribution is expected to lend additional impetus to the global market.

The global power distribution cables market has certain drawbacks as well. The most signifiant one is the unstable supply and cost of raw materials. The soaring labor prices, stringent government policies, and unstable mining condition act as a burden for the global power distribution cables market.

The global power distribution cables market was worth US$ 90700 mn in 2018 and the report suggests that the market will reach US$ 152100 mn by 2025, registering a moderate CAGR of 7.7%. Urbanization and rapid construction have spiked the growth of the global power distribution cables market.

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