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The Worldwide Fire-Resistant Cable Industry is Expected to Reach $2 1 Billion by 2026
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Global Electrical Conductor Market To Witness Huge Gains Over 2021-2027|3M, Apar Industries, CTC Global, General Cable, Nexans, etc – KSU
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ResearchAndMarkets.com s offering.
The publisher insinuates that the global market for high voltage cable (HVC) is likely to experience a growth at a CAGR of 5.42% over the forecast period 2021-2028.
The high voltage cable market is primarily motivated by factors such as rising demand for power generation, paired with the growth in infrastructural activities. Further, the surging investments in smart grid technology are another factor generating several opportunities for the studied market to leverage and reach its expected growth.
Although, the costs of pricing of conducting materials, such as copper and aluminum, are vital in determining the total cost of the high voltage cables. Hence, the fluctuating prices of these metals are majorly restricting the growth of the high voltage cable market s future growth.