TechNavio recognizes the following companies as the key players in the Power Cables Market in China: Far East Cable Co. Ltd., Nexans S.A., Prysmian S.p.A., and Shandong Wanda Cable Co. Ltd.
Commenting on the report, an analyst from TechNavio’s team said: “The Power Cables market in China is currently growing at a rapid pace. Moreover, a number of mergers and acquisitions and other strategic alliances are taking place in the market, with many large players and emerging vendors considering this lucrative strategy to acquire a larger share in the market. For instance, Italian high-technology cables manufacturer Prysmian SpA acquired Dutch cable manufacturer Draka Holding in 2011. This approach also enhances the vendors’ distribution channels and improves their market reach. Thus, mergers and acquisitions will help the companies in this market remain competitive while consolidating their position at the same time.”
According to the report, one of the major drivers in the market is the growth of the Power Generation industry. The demand for power cables is expected to increase over the next few years due to the construction of new electricity networks for the transmission and distribution of power from various sources.
Further, the report states that one of the major challenges in this market is the increasing cost of raw materials. The price of copper, one of the major raw materials used in cable manufacturing, has been unstable for the past decade. This in turn has had a negative impact on the power cable vendors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/power-cables-market-in-china-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report -Power Cables Market in China 2014-2018
