The “High Voltage Cable Accessories Market – Growth, Trends, and Forecasts (2020 – 2025)” report has been added to ResearchAndMarkets.com’s offering.
The market for high voltage cable accessories is expected to grow at a CAGR of greater than 5.5% during the forecast period of 2020-2025.
Factors such as the growing electricity generation and consumption, along with changing power generation industry dynamics are expected to drive the demand for new transmission and distribution network, which, in turn, is expected to drive the high voltage cable accessories market.
With the growing penetration of renewable energy for power generation, demand is expected to increase for new grids and distribution lines, further promulgating the market during the forecast period. However, the challenges, such as intricate project planning, delay in approval procedures, and funding constrictions for power projects at a global level, are expected to hinder the growth of the high voltage cable accessories market.