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【English Market Research Report】Medium Voltage Cable Market

Medium Voltage Cables Market

The global market size for medium voltage cables reached 51.74 billion USD in 2021. Going forward, the IMARC Group forecasts a growth rate of 5.70% (CAGR) between 2022 and 2027, expecting it to reach 72.78 billion USD by 2027. Keeping the uncertainties of COVID-19 in mind, we are continuously tracking and assessing the direct and indirect impacts of the pandemic on various end-use industries. These insights are included in the report as key contributing factors to the market.

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【English Market Research Report】Global Market for Medium Voltage Cables

Medium Voltage Cable Global Market Report 2022

The global medium voltage cable market size is projected to grow from 27.86 billion USD in 2021 to 29.58 billion USD in 2022 at a CAGR of 6.2%, and to 39.12 billion USD in 2026 at a CAGR of 7.2%. During the pandemic, the increase in remote work led to a rise in demand for electronic devices such as laptops and desktops, which in turn expanded the demand for medium voltage cables. Companies in the medium voltage cable market are focusing on the development of environmentally friendly products, and technological innovation is shaping the market. This report investigates the global medium voltage cable market, providing systematic information on market characteristics, trends and strategies, market analysis, market performance and forecasts (2016-2026, 2031), competitive landscape, and more.

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