A power cable is used in transmission of electrical energy in several applications. The increasing demand for these products is attributable to the growing applications across diverse industries. The presence of several large scale power cable manufacturers, coupled with the variations in product offerings, will have a positive impact on the growth of the market in the coming years. The increasing awareness regarding the depletion of non-renewable sources and the focus on renewable energy sources will lead to a wider product adoption across the world. The use of these products in energy harnessing projects and infrastructure development activities will lead to a wider product adoption across the world. The rising concerns surrounding global warming and climate change will have a positive impact on the growth of the market in the foreseeable future.
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Top Key Major Players:-
- Prysmian Group
- ABB
- Nexans
- General Cable
- NKT Cables
- Encore Wire Corporation
- Finolex Cables
- Bahra Cables Company
- BRUGG Cables