Overhead Cables Market is expected to be worth US$ 119.8 Billion at CAGR of 5.6% during forecast period 2023 to 2033 | Analysis by Future Market Insights, Inc.

Posted By: Redazione Web 30 Giugno 2023

NEWARK, Del, June 29, 2023 (GLOBE NEWSWIRE) — The overhead cables market is predicted to be valued at US$ 69.8 billion in 2023 and US$ 119.8 billion by 2033. Over the projection period, sales in the overhead cables market are expected to increase at a CAGR of 5.6%. The integration of smart grid technologies is revolutionizing the overhead cables market. Smart grids enable real-time monitoring and control of power distribution, enhancing reliability, efficiency, and grid resilience. This trend creates opportunities for the development of advanced overhead cables with embedded sensors and communication capabilities to support smart grid integration.
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