High Voltage Cables Market Size To Hit USD 47.2 Billion By 2027
San Francisco, 23 December 2024: The Report High Voltage Cables Market Size, Share & Trends Analysis Report By End Use (Energy & Power, Building & Construction), By Installation (Overhead, Underground, Submarine), By Region, And Segment Forecasts, 2020 - 2027 The global high voltage cables market size is expected to reach USD 47.2 billion by 2027 registering a CAGR of 3.7%, according to a new report by Grand View Research, Inc. Increasing investments in offshore wind farms and preference for energy generation from renewable sources are the major factors driving the market. The demand for refined power T&D systems is expected to be another critical factor driving the market over the forecast period. High investments and new projects have been launched in various emerging economies for power generation from renewable energy sources. This energy generation needs to be supplied to the end-users through efficient cables with less transmissio...