Power Transmission and Distribution Cable Market Rising on the Back of Changing Electricity Supply Infrastructure

Power transmission and distribution cable helps in efficient movement of electricity from the location where electricity id generated to the place it is consumed. Rise in industrialization and urbanization across the globe is a prominent factor expected to propel the power transmission and distribution cable market in the coming few years.

Apart from this, there are several other factors which are expected to drive the global power transmission and distribution cable market in the coming few years. We have mentioned a few of them below, have a look-

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• Shifting trend from non-renewable source of energy to renewable is a prominent factor expected to propel the global power transmission and distribution cable market. This is because this shift would require a complete revamp of old distribution system and installation of new system. This will offer a lucrative prospect to the growth of the power transmission and distribution cable market.

• Moreover, most of the regions across the globe is choosing liberalized electricity market regulations. This will need an inevitable separation of the power distribution business from electrical transmission business, thus offering a significant boost to the growth of the power transmission and distribution cable market.

• Further, a large number of players in the power transmission and distribution cable market are focusing on the development of more efficient designs of cable systems. This is expected to pose a positive impact on the growth of the global market for power transmission and distribution (T&D) cables market.

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• For instance, in May 2016, Prysmian Group, a key player in the power transmission and distribution cable market announced that it has developed and tested a premium quality novel 7000 kV MI-PPL, along with 600 kV extruded cable system. Such development are expected to provide a lucrative opportunities for the growth of the power transmission and distribution cable market.

Rohit Bhisey

As Head of Marketing at TMR Research, Rohit brings to the table over a decade of experience in market research and Internet marketing. His dedication, perseverance, and passion for perfection have enabled him to achieve immense success in his field. Rohit is an expert at formulating new business plans and strategies to help boost web traffic. His interests lie in writing news articles on technology,healthcare and business.

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