Bharat Book Bureau Provides the Trending Market Research Report on “Thailand Medium Cables & Accessories Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2038”under Consumer Goods Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.
Thailand Medium Cables & Accessories Market by Installation (Underground, Submarine and Overhead); By Voltage (1-5kV, 6-13kV, 23kV, 34kV, 45kV, 69kV); By End-User (Oil & Gas, Mining, Chemicals & Petrochemicals, Cement, Utilities, Paper & Pulp, Wastewater Treatment, Pharmaceutical, Renewable Infrastructure and Others) – Analysis of market share, size & trends for 2016-19 and forecasts to 2030
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Product Overview
Medium Voltage Cables or generally known as MV cables refer to the cables with a voltage rating of more than 1kV and less than 100kV. Medium voltage cables are typically made up of aluminum or copper (which is a good conductor of electricity), a conductor protector – (generally semi-conductor), insulation shield (a semiconductor or a metal braid or chain), and jackets. MV Cables are highly resistant to both extremely high and extremely low temperatures and even dampness and chemicals, with triple layer insulation, promising a long life, and lower breakdowns.
Market Highlights
Thailand Medium Voltage Cables & Accessories Market is anticipated to reach USD XXXX Million by 2030 from USD XXXX Million in 2019 growing at a CAGR of XX% during the forecast period. The Medium Voltage Cables & Accessories market is expected to grow on the back of the following reasons. Increasing renewable power generation and growing industrial development and regional development are the primary factors propelling the growth of the medium voltage cables and accessories market in Thailand. The process of industrialization and urbanization has been rising at a much rapid rate, leading to higher energy production, transmission, and distribution demands and hence boosts the usage of medium-voltage cables.
Thailand Medium Voltage Cables & Accessories Market: Segments
Benefits offered by underground cables
Thailand Medium Voltage Cables & Accessories Market by installation into underground, submarine and overhead. Among these the underground cables segment dominated the market with a major share of XX% in 2019 and is projected to grow at fastest CAGR over the forecast period. These cables are used primarily for power transmission to congested areas. The advantages offered by underground cables include low transmission losses, urgent power loads absorption, low maintenance costs and less weather vulnerability.
Thailand Medium Voltage Cables & Accessories Market: Market Dynamics Drivers:
Transition towards renewable energy
There is a strong increase in the use of renewable energy in electricity generation. The effect of climate change is increasing day by day and attempts are being made in order to make air cooler and healthier. Many countries around the world including Thailand are scaling up renewable energy capabilities through various technology, power production and smart policy proposals.
Supportive Government Policies
Since the environmental quality is decreasing due to increased level of pollution, climate change, and carbon emissions all across the globe including Thailand. The Government of Thailand is taking numerous steps to encourage projects to produce electricity without generating and releasing pollutants in the air.
Restraints:
Delay in Granting Permission
Extension programs for the transmission and distribution networks generally include large-scale initiatives requiring substantial government expenditure allocations. Initiatives like this are regularly trapped in red-taepism or are subject to program gaps funding issues.
Key Players
• Prysmian SpA Company overview Business Strategy Key Product Offerings Financial Performance Key Performance Indicators Risk Analysis Recent Development Regional Presence
SWOT Analysis