Global High Voltage Cable Market Size is Estimated to Reach USD 27.87 billion by 2030, Growing at a CAGR of 6.2%: Straits Research

New York, United States, March 04, 2024 (GLOBE NEWSWIRE) — power transmission cables are referred to as high-voltage cables. There are three ways to install high-voltage cables: above, underground, and undersea. Since they are used in many different industries, such as mining, oil and gas, and electric utilities, underground cables are attractive. The market for high-voltage cable is expanding due to the expansion of infrastructure. Developing nations like China, Japan, India, and Dubai have recently started several significant infrastructure projects. These infrastructure projects include office buildings, shopping centers, homes, theaters, and parks, among other commercial and residential constructions. These projects need a considerable quantity of high-voltage power cables, which helps the industry grow. Additionally, investments and government programs have helped the sector grow.

(GlobeNewsWire)