Global Automotive Cables Market Report by Business Research Company 2022: Market Size, Trends and Forecast to 2026
LONDON, GREATER LONDON, United Kingdom, Oct. 31, 2022 /EINPresswire.com/ — According to The Business Research Company’s “Global Edge Cables Market Report 2022”, the edge cables market share is expected to reach a worth $6.09 billion in 2022 at a compound annual growth rate (CAGR) of 8.20%. The Russian-Ukrainian war has disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has resulted in economic sanctions against several countries, soaring raw material prices and supply chain disruptions, affecting many markets across the globe. .27 billion in 2026 at a CAGR of 4.50%.Rise and expansion of offshore oil and gas plants is driving the shipboard cables market.
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Key trends in the on-board cables market
The expansion of offshore oil and gas plants includes the electrification of offshore oil and gas rigs, which involves the use of efficient shipboard cables to connect oil rigs to mainland power grids. For example, in 2019, LS Cable & System, a Korea-based cable manufacturer, signed a $100 million deal with Orsted, a Denmark-based energy company, to build an undersea power grid. in Taiwan. Hence, the development of offshore oil and gas projects is expected to support the growth of the shipboard cables market.
Overview of the on-board cables market
The onboard cables market consists of sales of onboard cables and associated services. Shipboard cables are used for the electrical installations of ships and offshore platforms for the transfer of electrical energy to electrical panels for lighting, control circuits and the transmission of vital instrumentation signals. They are fire resistant, flame retardant, low smoke and halogen free cables.
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TBRC Global On-board Cables Market Report 2022 covers the following insights:
Market Size Data
• Forecast period: historical and future
• By region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
• By country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom, USA.
• By type: fiber optic cables, electrical cables
• By voltage: medium voltage cable, low voltage cable
• By applications: marine and offshore, oil and gas and petrochemicals, other
• By Geography: The global in-vehicle cables market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America holds the largest market share.
Major market players such as Eaton Corporation, Fujitsu Limited, Belden, SAB Cable, FSC Global, Belcom Cables Ltd, Leoni AG, Eland Cables, Nuhas Oman, and Cable Source Pte Ltd.
Trends, opportunities, strategies and much more.
Global Automotive Cables Market Report 2022 is one of the comprehensive reports by The Business Research Company that provides Global Automotive Cables Market Forecast, Global Automotive Cables Market Analysis and Global Market Overview on-board cables. The market report analyzes the global Automotive Cable market size, Global Automotive Cable market growth drivers, Global Automotive Cable market segments, Global Automotive Cable market major players, Growth of the global Automotive Cables Market across all geographies and revenue and market positioning of the Automotive Cables Market competitors. The Automotive Cables market report allows you to gain insight into opportunities and strategies, as well as identify countries and segments with the highest growth potential.
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