Robust Growth in Energy Demand from the Asia-Pacific Region Set to Influence Power Cable Materials Market

Energy demand in the Asia-Pacific region is estimated to double by 2030 and renewable energy sources are likely to play an extremely important part in supporting the demand growth. For instance, India has ambitious plans to install 275 GW of renewable energy by 2027. China, a world leader in wind energy generation, is looking to triple its solar power capacity by 2020. With regional co-operation for power production and trade in the offing, huge opportunity exists for the power cable market. Countries such as China, India and the ASEAN region have invested heavily in unconventional and clean energy. Among the factors influencing the power cable materials market include the robust growth in energy demand from the Asia-Pacific region, a region that is energy-starved with very low per capita consumption compared to Europe and North America. Growing industrialization and strong GDP performance have been paralleled by the surging need and demand for electricity in South Asia and South East...

Energy demand in the Asia-Pacific region is estimated to double by 2030 and renewable energy sources are likely to play an extremely important part in supporting the demand growth. For instance, India has ambitious plans to install 275 GW of renewable energy by 2027. China, a world leader in wind energy generation, is looking to triple its solar power capacity by 2020. With regional co-operation for power production and trade in the offing, huge opportunity exists for the power cable market. Countries such as China, India and the ASEAN region have invested heavily in unconventional and clean energy. Among the factors influencing the power cable materials market include the robust growth in energy demand from the Asia-Pacific region, a region that is energy-starved with very low per capita consumption compared to Europe and North America. Growing industrialization and strong GDP performance have been paralleled by the surging need and demand for electricity in South Asia and South East Asia. China has surpassed the United States in terms of energy consumption and is witnessing continued growth in its appetite for energy.

Traditionally, the power cable materials market has been dominated by China. China is the largest producer as well as consumer of insulation and jacketing materials and is home to a number of European and North American material manufacturers as well as cable manufacturers. Japan and South Korea, on the other hand, are mature economies with comparatively slower growth. The market in these countries is driven by replacement cable demand.

This research service focuses on power cable non-conducting materials including insulation materials and jacketing materials in the Asia Pacific region. The timeframe covered by the research is 2013 to 2023, the base year being 2016. The market is forecast from 2017 to 2023.

The regions studied under the scope of this research service include China, Japan, South Korea, India, ASEAN and the rest of Asia-Pacific encompassing South Asia, Southeast Asia, Australia and New Zealand.

Key Topics Covered:

1. EXECUTIVE SUMMARY

2. MARKET OVERVIEW

3. DRIVERS AND RESTRAINTS - TOTAL POWER CABLE MATERIALS MARKET

4. FORECAST AND TRENDS - TOTAL POWER CABLE MATERIALS MARKET

5. ASIA-PACIFIC POWER CABLE MATERIALS MARKET - FORECAST BY CABLE TYPE

6. EHV CABLES SEGMENT BY APPLICATIONS

7. HV CABLES SEGMENT BY APPLICATIONS

8. MV CABLES SEGMENT BY APPLICATIONS

9. LV CABLES SEGMENT BY APPLICATIONS

10. TOTAL ASIA-PACIFIC POWER CABLE MATERIALS MARKET - REGIONAL TRENDS

11. GROWTH OPPORTUNITIES AND COMPANIES TO ACTION

12. ANALYSIS BY PRODUCT TYPE - INSULATION MATERIALS MARKET BREAKDOWN

13. ANALYSIS BY PRODUCT TYPE - JACKETING MATERIALS BREAKDOWN

14. THE LAST WORD

15. APPENDIX

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/research/6fj3zq/robust_growth_in?w=5

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