Signalling and Data Cables Market 2020 - Overview and Analysis, COVID-19 Impact Analysis, Market Status and Forecast by Players, Regions to 2027 texasguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from texasguardian.com Daily Mail and Mail on Sunday newspapers.
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SELBYVILLE, Del., Dec. 17, 2020 /PRNewswire/ The power and control cable market revenue is poised to reach over USD 170 billion by 2026, as reported in the latest study by Global Market Insights, Inc. Favorable reforms to promote large-scale renewable integration along with upgrading of the existing grid networks to sustain the rising electricity demand will comprehensively enhance the product demand.
Power cables will witness significant growth on account of increasing investments toward the expansion of utility and commercial infrastructure across developing nations. Rising technological advancements coupled with rapid R&D investments by the cable manufacturer will institute a favorable business scenario. Moreover, government efforts to increase the power transmission and generation capacity will further enhance product penetration.