2017-2021 global single-core cable market compound by 4%

2017-07-26

According to Technavio's latest research report, from 2017 to 2021,the single-core cable market annual compound rate of about 4% in the global. The report shows that the expansion of transmission and distribution infrastructure, the increase in demand for data centers, the increase in aircraft capacity and the growth of renewable energy power have contributed to the growth of single-core power cable market.
Specifically, the application of cloud technology and the increased demand for data centers have contributed to the growth in demand for single-core cables. At the same time single-core cable for aircraft, avionics, satellites, helicopters and missiles and other industries. The annual compound growth rate for air transport will reach 4.5% by 2021. Single-core cables are also accessories for wind turbine nacelles. In the solar photovoltaic, the power system is generally welcomed high temperature, ultraviolet radiation, mostly in the outdoors, so single-core power cable is the best choice. With the wind energy, solar photovoltaic and other demand for renewable energy increased, single-core cable demand will continue to grow.
In order to meet the growing demand for electricity, various countries are increasing the construction of transmission and distribution infrastructure, and further promote the stable growth of single-core cable market. But there are obstacles that single-core cable that is the transmission and distribution loss rate.