The global high-speed speciality cable market is anticipated to grow at a significant CAGR during the forecast period. The major factor for the growth of the market is the increase in grid interconnections across the globe, along with offshore wind farms, and the increasing need for power generation is expected to fuel the demand for the growth of the market during the forecast period.

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The increasing number of government initiatives in many countries such as India, Indonesia, Brazil, China and many others to set up electric grids will fuel the growth of the market globally. The government in these countries has taken various initiatives to provide electricity to the rural as well as urban areas of the countries that will further increase the demand for high speciality cables for the transfer of electricity to these regions.

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According to the Indian Ministry of Power, the Government of India plans to add 48 GW of solar power capacity by 2019 and 93 GW by 2022, under a project called Power for All. As emerging economies like India and China are investing heavily in their industrial sector, there is an increasing demand for power that will further drive this market. In 2018, the Ministry of Power of Government of India has launched an initiative to provide electricity for every citizen in the country, that involved an estimated cost of $2.5 billion. Some of the key global players in the high-speed speciality cable market include Prysmian, Nexans, NKT Cables, General Cable, Sumitomo, ABB, and many others.

High-Speed Specialty Cable Market – Segmentation
By Voltage
Low Voltage
High Voltage
Medium Voltage
By Power Range
Conductors and Cables
Underground Cables
Submarine Cables
By End-User
Industrial
Oil and Gas
Mining
Automobile
Wind Power
Solar Power
Transportation
Others

High-Speed Specialty Cable Market – Segmentation by Region 
North America 
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific 
China
Japan
India
Rest of Asia-Pacific
Rest of the World

Company Profiles
Prysmian
Nexans
NKT Cables
General Cable
Sumitomo
ABB

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