The power transmission & distribution industry presently requires advanced transmission networks that are capable of safely carrying high voltage current, while guaranteeing reliable endless power supply.
Accessories consists of conductor shield, conductor, insulator, sheath, metallic, and semi-conducting insulation shield.
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Thus, a remarkable upsurge in high voltage cables & accessories and related accessory products is anticipated to be perceived in the coming years.
The major drawback that might affect the high voltage cables & accessories market are the volatile nature of raw material prices and regulatory, environmental, and complex authorization procedures, which often leads to delays.
However, need for efficient transmission systems, growth of offshore wind farms, and the increasing application on grid interconnections, is anticipated to reduce the impact of the aforementioned drawbacks of the high voltage cables & accessories market.