Report: Global wind-energy cables market to grow over 7% to 2021

Global Wind Cables report coverResearch and Markets has released a new report, “Global Wind Energy Cables Market 2017-2021.”  According to its findings, the global wind energy cables market is forecast to grow at a CAGR of 7.04% during the period 2017-2021.

The new report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. It also includes a discussion of the key vendors operating in this market.

One trend in the market is growing need for clean energy. The need for clean energy is on the rise due to increasing demand for energy owing to continuous population growth across the world. Population growth has led to higher emissions of carbon dioxide and GHGs into the environment due to the burning of fossil fuels and other industrial activities.

According to the report, one driver in the market is growing demand for power. Global population is growing exponentially and is expected to grow more in the future. This will lead to an increase in the demand for power. The growing need for power can be met with the help of renewables, owing to growing concerns about environmental pollution from fossil fuels.

As a result, most countries are shifting their focus to renewable power generation, thereby driving wind power generation. The global wind power market is growing significantly and expanding in all geographic regions. It is expected that by 2020, wind power will contribute significantly to global electricity generation.

Key vendors

  • General Cable Technologies
  • Nexans
  • NKT Group
  • Prysmian Group
  • Sumitomo Electric Industries

Other prominent vendors

  • Belden
  • Encore Wire
  • Finolex Cables
  • Hangzhou Cable
  • Southwire Company
  • TPC Wire and Cable
  • Others

 

For more information about this report visit https://www.researchandmarkets.com/research/pdf2kh/global_wind

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