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According to the latest "2021 Global Wind Power Cable Market Research Report" released by Market Intelligence Data, the compound annual growth rate of the global wind power cable market will reach 19.
4%
from 2021 to 2027.
With the increasing acceptance of renewable energy, the market for these power cables has grown
rapidly over the past decade.
Green energy targets set by organizations in various countries and global targets to reduce fossil fuel use by 2027 are the major factors driving the growth of
the market.
Since the main goals are to protect a sustainable environment, reduce the ozone layer, and reduce global warming, renewable energy is considered the solution to
these global problems.
Many countries around the world are investing heavily in offshore wind, onshore wind, solar, and other sectors, which creates space
for the growth of this market.
In terms of market segments, Asia Pacific will lead the global wind power cable market
during the forecast period, supported by high power demand.
The Asia-Pacific region is expected to have the largest market share of wind power cables, as well as commercial and residential spaces
due to the continued population growth and urbanization in countries such as China, Japan, India and South Korea.
From the perspective of manufacturers, Prysmian (including general cables), Nexans, Sumitomo Electric, Minami Cable, LS Cable, Furukawa Electric and others will become the world's leading international cable manufacturers
.
At the same time, leading cable manufacturers in various regions, such as China's Far East Cable, Shangshang Cable, Jiangnan Cable, Baosheng Cable, Riyadh Cable in the Middle East, Elsewedy Electric in Egypt and Nktor Cable in Denmark will also join the fierce international market competition
.
According to the latest "2021 Global Wind Power Cable Market Research Report" released by Market Intelligence Data, the compound annual growth rate of the global wind power cable market will reach 19.
4%
from 2021 to 2027.
With the increasing acceptance of renewable energy, the market for these power cables has grown
rapidly over the past decade.
Green energy targets set by organizations in various countries and global targets to reduce fossil fuel use by 2027 are the major factors driving the growth of
the market.
Since the main goals are to protect a sustainable environment, reduce the ozone layer, and reduce global warming, renewable energy is considered the solution to
these global problems.
Many countries around the world are investing heavily in offshore wind, onshore wind, solar, and other sectors, which creates space
for the growth of this market.
In terms of market segments, Asia Pacific will lead the global wind power cable market
during the forecast period, supported by high power demand.
The Asia-Pacific region is expected to have the largest market share of wind power cables, as well as commercial and residential spaces
due to the continued population growth and urbanization in countries such as China, Japan, India and South Korea.
From the perspective of manufacturers, Prysmian (including general cables), Nexans, Sumitomo Electric, Minami Cable, LS Cable, Furukawa Electric and others will become the world's leading international cable manufacturers
.
At the same time, leading cable manufacturers in various regions, such as China's Far East Cable, Shangshang Cable, Jiangnan Cable, Baosheng Cable, Riyadh Cable in the Middle East, Elsewedy Electric in Egypt and Nktor Cable in Denmark will also join the fierce international market competition
.
