Lucintel Forecasts the Global Underground Medium Voltage Cable Market to Grow with a CAGR of 7.4% from 2025 to 2031

Lucintel Forecasts the Global Underground Medium Voltage Cable Market to Grow with a CAGR of 7.4% from 2025 to 2031

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According to a market report by Lucintel, the future of the global underground medium voltage cable market looks promising with opportunities in the industrial, utility, and commercial markets. The global underground medium voltage cable market is expected to grow with a CAGR of 7.4% from 2025 to 2031. The major drivers for this market are the increase in infrastructure development, the rising demand for secure power distribution systems, and the growing focus on renewable energy integration.

A more than 150-page report to understand trends, opportunity and forecast in global underground medium voltage cable market to 2031 by type (1kv-15kv, 16kv-35kv, and 36kv-70kv), application (industrial, utility, and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Lucintel forecasts that, within the type category, 16kv-35kv is expected to witness the highest growth over the forecast period due to the increase in power distribution needs.

Within the application category, utility is expected to witness the highest growth due to the growing investments in grid modernization.

In terms of region, APAC is expected to witness the highest growth over the forecast period.

Prysmian Group, Nexans, General Cable, NKT, Furukawa Electric, Southwire, Schneider Electric, Tratos, Jiangnan Group, ZTT are the major suppliers in the underground medium voltage cable market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056