The global mining cable market is projected to rise at a significant CAGR of 0.6% by 2022. The mining cable industry has its own significance to show positive market growth in the upcoming period. Features such as flexibility, strength, and electrical properties of mining cables depend on the design of conductor preferred. The design and color codes of conductor may differ amongst countries due to compliance and regulations. The mining cable market is growing at a robust rate, as the engineering and production techniques have gone through several phase shifts.
Mining cable market is significantly driven by rise in R&D on technological front, rise in mining activities and the increasing need for transporting electricity in mines. Mining cables being highly durable have a lot to offer in terms of efficiency. Therefore, apart from regular use, mining cables strictly conform to conductance of earthing. However, high risks of voltage and maintenance issues are expected to impede the market growth in the forecast period.
Application segment for mining cable market includes surface mining and underground mining. By type, the mining cable market segmentation includes Type W, Type G-GC, Type SHD-GC, and Type MP-GC.
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The market is divided into the following segments based on geography:
Geographical segmentation for mining cable market includes North America, South America, Europe, Middle East, Asia-Pacific, and Africa. North America and Europe account for a significant market share in the global scenario owing to increase in mining activities. Rise in telecom infrastructure in these regions is likely to boost the market growth in the forecast period.
Asia-Pacific regions are expected to account for a significant market share in the forecast period due to production of mining cables with a versatile approach. The demand for mining cables has increased in the recent past due to the change in underlying infrastructure and technological advancements at large. Middle Eastern and African market is likely to gain much attention, as there is a heavy existence of mines in these regions.
The key players covered in the mining cable market report include CSE Cables, SouthWire, General Cables, Priority Wire & Cable, Southwire, Tele-Fonika, Shanghai Shenghua, Nexans, Texan, Chint Group, Metric Cables, Prysmian Group, Baosheng Group, SKL, PUDA and Caledonian-Cables.
The global market for mining cable will grow at a CAGR of 0.6% by 2022, according to a new report published by Gen Consulting Company. The report segments the market and forecasts its size, by volume and value, on the basis of application (underground mining, surface mining, etc.), and by geography (North America, Europe, Asia-Pacific, MEA and South America).
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The report covers forecast and analysis for the mining cable market on a global and regional level. The study provides historic data of 2012-2016 along with a forecast from 2017 to 2022 based on both output/volume and revenue. The study then describes the drivers and restraints for the mining cable market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the mining cable market on a global level.
The report has been prepared based on the synthesis, analysis, and interpretation of information about the global mining cable market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.
Demand for this market rises from the underground mining, surface mining, and other applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2022. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global mining cable market.
– Underground Mining
– Surface Mining
– North America
– Asia Pacific
– Middle East and Africa
– South America
– General Cable
– Jiangsu Shangshang
– Shanghai Kuanglan
– Shanghai Shenghua
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