Global Market for Power Transmission and Distribution Cables - Forecast, Opportunities & Trends 2015-2020
DUBLIN, Mar. 18, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/8wbx3r/global_market_for) has announced the addition of the "Global Market for Power Transmission and Distribution Cables - Forecast, Opportunities & Trends 2015-2020" report to their offering.
Due to the impact of the economic slowdown, the market witnessed a decline in the growth rate from 2009. However, the market is set to achieve strong growth rate from 2012 onwards. Capital spending and investments in industries worldwide is expected to boost growth of the market.
The economic recession had its effect on the transmission and distribution sector, and due to the ongoing financial crisis in many countries, the pricing of the cable has become a competitive parameter. Moreover, the electric utilities are expecting the cable manufacturers to reduce the prices. Furthermore, due to the cancellation of transmission expansion plans and delays in orders, the competition between existing players has also increased.
Companies are adopting various strategies to counter the competition and survive in the market. Some of them include merger and acquisitions, focus on custom and high end products, increased emphasis on research and development, plant closures, exploring new markets and so on.
Major corporations involved in the competition are Southwire Company, Prysmian, General Cable, Okonite Company, Alcan Cable, and many others. High emphasis on the commercialization of renewable energy throughout the world is expected to drive the growth of transmission and distribution cables. Renewable energy resources are often at far off places where the transmission network is not available. In the future, lot of expansion in the transmission network is expected to transfer the electricity from the far off power plants to the load centers.
Many countries are integrating their regional grids to form a nationwide grid. The idea is to have seamless flow of electricity across the nation. The development of renewable energy is further supporting the grid interconnection. In European countries, work is going on to form a single European grid amongst all EU nations. Moreover, as the Asian countries develop, energy trade between them is expected to rise. Furthermore, in many countries, the transmission networks are not reliable enough to transfer the electricity from the growing number of power plants. The increased focus on renewable energy, grid interconnections, and economic development are expected to drive the demand for transmission and distribution cables across the world.
Some of the major companies analyzed in this report include:
- ABB Ltd.
- Alcan Cable
- Belden Inc.
- Encore Wire Corporation
- Finolex Cables Limited
- General Cable Corporation
- Havells India Limited
- International Wire Group, Inc.
- KEI Industries Ltd
- Nexans SA
- RPG Cables Ltd.
- Southwire Company
- Sumitomo Electric Industries
- Superior Essex Inc.
- The Alpine Group, Inc.
- The Okonite Company, Inc.
- Turk Prysmian Kablo Ve Sistemleri A.S.
Key Topics Covered:
1. Executive Summary
2. Global Market for Power Transmission and Distribution Cables
3. Factors Driving the Industry
4. Barriers Facing the Industry
5. Power Transmission and Distribution Cables Market in North America
6. Power Transmission and Distribution Cables Market in Canada
7. Power Transmission and Distribution Cables Market in the United States
8. Power Transmission and Distribution Cables Market in Europe
9. Power Transmission and Distribution Cables Market in France
10. Power Transmission and Distribution Cables Market in Germany
11. Power Transmission and Distribution Cables Market in the United Kingdom
12. Power Transmission and Distribution Cables Market in Asia Pacific
13. Power Transmission and Distribution Cables Market in China
14. Power Transmission and Distribution Cables Market in India
15. Major Players in the Global Market for Power Transmission and Distribution Cables
- ABB Ltd.
- Alcan Cable
- Belden Inc.
- Cerro Wire & Cable Company
- Coleman Cable, Inc
- Encore Wire Corporation
- Finolex Cables Limited
- General Cable Corporation
- Havells India Limited
- Hitachi Cable Ltd
- International Wire Group, Inc.
- KEI Industries Ltd
- Lihua International Inc
- Nexans SA
- Prysmian SpA
- RPG Cables Ltd.
- Siemens AG
- Southwire Company
- Sumitomo Electric Industries
- Superior Essex Inc.
- The Alpine Group, Inc.
- The Okonite Company, Inc.
- Turk Prysmian Kablo Ve Sistemleri A.S.
For more information visit http://www.researchandmarkets.com/research/8wbx3r/global_market_for
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets
Share this article