Global Opportunity Analysis and Industry Forecast 2020-2030

06 Nov 2022

Rise in government initiatives to improve connectivity, surge in demand for higher bandwidth network by different industries, increase in deployment of new power grid infrastructure, and rise in trend of renewable energy generation around the globe drive the global cables market growth. However, the complexity in deployment planning of cables along with the delays in authorization from governments hinders the market growth. On the other hand, upsurge in demand for power all over the world presents new opportunities in the coming years.A cable is a thick wire, or a group of wires inside a rubber or plastic covering, which is used to carry electricity or electronic signals. They are made from electrically conducting materials that are secured with one or more insulation layers and carry electrical signals & aid the generation, transmission, and distribution of electric power. The major components of a cable are conductor, dielectric, and sheath. The conducting path for the electricity in a cable is provided by the conductor. The insulation helps in withstanding the service voltage and isolates the live conductor with other objects. The sheath restricts moistures to enter and protects the cables from all external influences like chemical or electrochemical attack and fire.