by Priyahnka Ravi Nair, Graphic Research
According to a recent study from market research firm, Graphical Research, the global wire and cable market size is set to register a significant growth during the forecast time frame, due to the rising number of investments made by governments to renovate the existing grid networks. Most regions are witnessing a notable rise in power consumption, leading to high need for having a stable and uninterrupted supply of electricity.
Many companies operating in the power sector are conducting research and development activities to discover ways to generate electricity with the help of renewable energy sources. These factors will propel the installation of high-quality wires and cables.