The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global power and control cable market size is expected to grow from $137.39 billion in 2022 to $147.25 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The global power and control cable market size is expected to reach $187.15 billion in 2027 at a CAGR of 6.1%.

What will drive the power and control cable market?
The rising adoption of smart grid infrastructure is expected to propel the growth of the power and control cable market going forward.

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Who are the major players in the market?
Major Market Players in the power and control cable market include Prysmian S.p.A, Nexans S.A., Polycab India Limited, NKT A/S, Dubai Cable Co Pvt Ltd., KEI Industries, LS Cable & System Ltd., Sumitomo Electric Industries Ltd., Belden Incorporated

Which trend is gaining popularity in the power and control cable market?
HVAC systems trends include being integrated with building automation systems. This is for overall management of a building to maximize energy efficiency. BAS receives analog or digital inputs from the sensors installed in HVAC and the integrated system is managed by a single dashboard accessed from a computer. These integrated systems improve building performance, save energy, and shrink the environmental footprint.

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How is the power and control cable market segmented?
Global Power And Control Cable Market Segments Include
1) By Product Type: Power Cable, Control Cable
2) By Voltage Type: High Voltage, Medium Voltage, Low Voltage
3) By Application: Utilities, Industries, Power, Oil And Gas, Cement, Other Applications

The Power And Control Cable Global Market Report 2023  provides an overview of the power and control cable market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The power and control cable market forecast analyzes power and control cable market size, power and control cable market share, leading competitor and their market positions.

The power and control cable market consists of sales of industrial and commercial power and control cable by entities (organizations, sole traders or partnerships) that produce industrial and commercial power and control cable. These establishments assemble parts into components, sub-assemblies and complete machines.

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The power and control cable refers to the cable that is used to transfer energy from its source to the machinery and transfer signals for measurement, regulation, and automation control. Its primary function is to transmit power from distribution stations to various electrical and measurement devices.

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