U.S. Medium Voltage Cables Market Forecast Report, 2024-2032 - Southwire, LS Cable, and Other Key Players Lead U.S. Medium Voltage Cable Market Amid Renewable and Smart Grid Growth [Yahoo!...
SUMITOMO ELEC INDUS ADR (SMTOY)
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Source: Yahoo! Finance
According to the report, the United States medium voltage cables market is projected to grow at a CAGR of 4.60% between 2024 and 2032. Aided by increasing demand for reliable power transmission and distribution systems and the growing applications of medium voltage cables in various sectors, the market is expected to significantly grow by 2032. The increasing demand for reliable and efficient power transmission and distribution systems is driving the United States medium voltage cables market growth. With the growing urbanisation and industrialisation in the country, there has been a significant rise in the consumption of electricity, necessitating the expansion and upgrade of power infrastructure. Additionally, the rising investments in renewable energy projects, such as wind and solar power, have further contributed to the increasing demand for medium voltage cables, which are essential for connecting renewable energy sources to the grid. The ongoing infrastructure development
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