NEW YORK, Oct. 17, 2024 /PRNewswire/ — Report with the AI impact on market trends – The Global Overhead Cables Market size is estimated to grow by USD 17.8 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 5.15% during the forecast period. Increased renewable power generation is driving market growth, with a trend towards increased demand from gulf cooperation council (GCC) countries. However, fluctuating raw material prices poses a challenge – Key market players include ABB Ltd., Brugg Kabel AG, Dubai Cable Co Pvt, Encore Wire Corp., Furukawa Electric Co. Ltd., Jiangsu Zhongtian Technology Co Ltd, KEC International Ltd., KEI Industries Ltd., LS Cable and System Ltd., Nexans SA, NKT AS, Prysmian Spa, Riyadh Cables Group of Companies, Schneider Electric SE, Southwire Co. LLC, Sumitomo Electric Industries Ltd., Synergy Cables Ltd., and Tratos Cavi S.p.A..
