According to a new report issued by the world's second market research firm “Markets and Markets”, the global market for medium voltage cable is expected to grow from $35.2 billion (RMB 224.05 billion) in 2015 to $48.8 billion (RMB 301.59 billion) of 2020, the compound annual growth rate is 6.8%.
The continuously growing demand for renewable energy systems and power systems driving the global demand for medium voltage cables. Medium voltage cable/wire can be installed in the sky, underground and underwater. Cable accessories for overhead lines are different from what is needed for underground or submarine cables. Cable connectors and terminal are the main attachments of the underground and submarine cable system.
The growth of the medium voltage cable market is mainly composed of the demand for electricity, as well as the rapid industrialization and urbanization in developing countries. Utilities, oil, natural gas, and renewable energy are the important industries that helped to promote the medium voltage cable market demand.
Since ZMS Cable entered the international market in 2008, in 7 years, relying on our advanced technology, and strict quality control system, we provides high-quality products to clients, spare no effort to actively explore the international market of medium voltage power cable, our products are widely used in about 28 countries of Europe, America, Middle East, South Asia, Southeast Asia, north Africa, successfully realized a sales amount of about USD 30 million in 2015.
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