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Medium Voltage Cables Market Projected to Hit at $54 2 billion by 2022, At a CAGR of 6 5%
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Medium Voltage Cables Market Projected to Hit at $54 2 billi
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The medium voltage cables market forecast is studied from 2015 to 2022. Medium voltage cables market size is provided in terms of revenue. In Asia-Pacific and LAMEA, high urbanization rate is estimated to accelerate the growth of underground cables on account of limited space availability for new and existing substations. In North America, offshore wind capacity addition is expected to increase in the coming years due to the vast wind energy potential available on the U.S. Coasts. The submarine segment is expected to witness robust growth rates during the forecast period. Key market players are profiled and their strategies are analyzed thoroughly to provide a competitive outlook of the medium voltage cables market.