Europe HVAC Cables Market worth $600 million by 2026, Says Global Market Insights, Inc.

Selbyville, Delaware, July 07, 2020 (GLOBE NEWSWIRE) --
The Europe HVAC Cables Market is projected to cross USD 600 million by 2026, as reported in the latest study by Global Market Insights, Inc. Cost efficient, dynamic and tailored turnkey solutions across onshore and subsea cable system will boost the business scenario.Ongoing deployment of offshore wind farms along with government initiatives to integrate an energy efficient environment have infused a favorable business scenario. Continues expansion of offshore oil & gas platforms along with growing inclination toward development of renewable energy infrastructure will further propel the submarine HVAC cables market. Rising intra-regional interconnectors owing to the increasing energy imports and exports will fuel the business outlook. Request for a sample of this research report @> 440 kV voltage HVAC cables industry is anticipated to grow on account of its applicability across large scale industries, oil & gas platforms and offshore wind farms. Low installation and maintenance cost along with improved conductor durability are the major factors strengthening the product demand. In addition, ongoing refurbishment & replacement of conventional power networks in line with development of smart grid infrastructure will boost the industry statistics.
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