According to market research report Market Research Future, by 2022, the global transmission cable market is expected to grow at a compound annual growth rate of 6.5%.
Transmission cables are typically used to deliver power from power generation facilities to end users. More and more renewable energy, high-quality uninterrupted power, aging power grid infrastructure upgrades have brought the transmission cable market growth. In addition, the rapid urbanization and industrialization is also a major factor in the development of the market.
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