Surging Electric Vehicle Use and Renewables Drive Growth of Medium Voltage Cables and Accessories Market
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Increasing electrification and electric vehicle adoption drives demand for medium voltage cables and accessories for charging infrastructure.
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U.S. medium voltage cable and accessory market poised for 6.5% CAGR through 2034 due to grid upgrades and renewable energy growth.
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Global medium voltage cable and accessories market to surpass $93 billion by 2034, driven by industrialization, urbanization, and renewable energy.
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Sustainability trends spur use of eco-friendly, recyclable materials in cable manufacturing to reduce environmental impact.
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Digital integration of IoT sensors and predictive maintenance into accessories enables real-time monitoring and diagnostics.