High Voltage Cables and Accessories Market Outlook 2027 By Installation, By Company, Size, Share, Trends
According to TechSci Research, Global High Voltage Cables & Accessories Market is projected to reach USD 40.98 Billion by 2027, at a CAGR of over 6%, from 2022 to 2027. The major factors contributing in the growth of the market are increasing need for grid interconnections, rising investments in the new submarine and accessories market, growing offshore windfarms and grid interconnections. Moreover, the upcoming projects for the overhead transmission lines would also boost the demand for high voltage cables and accessories systems. In 2021, the overhead segment accounted for the largest market size due to low initial cost for installations and increasing demand for electricity. APAC region is predictable to dominate the global market from 2022 to 2027, owing to smart grid investments, increase in power generation capacity, and investments in T&D infrastructure in the region. Some of the leading players in the high voltage cables and accessories market i...