PUBLISHER: Market Research Future | PRODUCT CODE: 1866209
PUBLISHER: Market Research Future | PRODUCT CODE: 1866209
The North America MV 105 cable market is expected to attain a valuation of USD 3,166.2 million, expanding at a steady CAGR of 5.1% during the forecast period. MV-105 cable is a medium-voltage cable rated at 105°C and is generally utilized for the power transmission of electrical systems up to 15 kV. The cable is equipped with cross-linked polyethylene (XLPE) insulation that makes the cable very attractive in thermal and electrical performance.
The MV-105 cable market is getting bigger as the renewable energy projects continue to rise across North America. Countries such as the U.S and Canada that have made significant investments in solar, wind, and hydropower are speeding up the clean energy transitions, thus increasing the demand for medium-voltage cables that are efficient and can provide reliable grid connectivity and power transmission.
Major Company Development
TFK has advanced its growth by entering emerging markets and launching innovative high-voltage and renewable energy cable solutions. The company enhanced its R&D effort to bring in smart, green, and IoT-connected products. Besides, it was engaged in digital transformation and collaboration to facilitate the development of the smart grid and EV infrastructure.
Major players in the North America MV 105 cable market include Amercable, LS Cable & System, The Okonite Company, Service Wire, Prysmian Group, WTEC Energy Corporation, CME Wire and Cable, Southwire, Priority Wire and Cable, and TELE-FONIKA Kable (TFK).
Key Report Attributes
Industry Segmentations Growth