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2019 - High temperature cable markets around the world in 2023 years by more than 5% compound growth _ _ cable wire and cable information network

by:AAA     2020-12-13
【 Cable network - 】 According to the international market research firm Technavio report released recently, 2019 - During the 2023 global annual compound growth rate will exceed 5%, high temperature cable market growth during the period of scale will exceed $400 million.



the world's growing demand for energy will become the key factor to promote the growth of high temperature cable market prediction period. As the global economic growth is strong, global energy consumption has increased. Most of the energy demand from China and the United States and India. This causes high temperature cable as an important increase in the number of the end user's power plants and transmission lines.

the upcoming high temperature cable market trends, such as the increase of the high voltage dc unit, will also push for the forecast period market growth. With distance limitation and transmission capacity compared to limit the AC cable, high voltage direct current ( HVDC) Cable has more advantages. Are important application of HVDC cable to connect to a remote power, interconnected power grid, the sea wind power connection, ac dc link in the grid, overhead transmission lines, etc. Therefore, with the increase of new HVDC project installation, the demand for high temperature cable will continue to rise in the forecast period, so as to promote the growth of the high temperature cable market.

from the point of application market, the energy department is one of the largest end users, the market in 2018 is the biggest high temperature cable market share of the forecast period. Due to the increase in global demand for energy and wind power of development, the growing capacity and transmission and distribution network will promote in the next few years the growth of the market.

from the point of regional market, throughout the forecast period will be in the asia-pacific region the highest share of high temperature cable. Significant growth of end user industry and the rapid growth of exploration and production factors are high temperature cable industry in the region's growth.

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