Global High Voltage Cable Market Size is Estimated to Reach USD 27.87 billion by 2030, Growing at a CAGR of 6.2%: Straits Research [Yahoo! Finance]
SUMITOMO ELEC INDUS ADR (SMTOY)
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Source: Yahoo! Finance
Growth is driven by factors like increasing renewable energy adoption, government initiatives, and infrastructure development. China and Japan are the key players in Asia-Pacific, while Europe focuses on underground cables and offshore wind farms. North America benefits from being the second largest electricity producer globally. New York, United States, March 04, 2024 (GLOBE NEWSWIRE) -- power transmission cables are referred to as high-voltage cables. There are three ways to install high-voltage cables: above, underground, and undersea. Since they are used in many different industries, such as mining, oil and gas, and electric utilities, underground cables are attractive. The market for high-voltage cable is expanding due to the expansion of infrastructure. Developing nations like China, Japan, India, and Dubai have recently started several significant infrastructure projects. These infrastructure projects include office buildings, shopping centers, homes, theaters, and parks, amo
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