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C&M: China industry for power cables to be driven by growth of the Power Generation industry

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Power Cables Market in China 2014-2018 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-18 07:56:03
The Power Cables Market in China 2014-2018 with a CAGR of 8.08 percent for the period 2013-2018. Several driving factors and trends will contribute to this growth.

The Power Cables market in China is currently growing at a rapid pace. Moreover, a number of mergers and acquisitions and other strategic alliances are taking place in the market, with many large players and emerging vendors considering this lucrative strategy to acquire a larger share in the market. For instance, Italian high-technology cables manufacturer Prysmian SpA acquired Dutch cable manufacturer Draka Holding in 2011. This approach also enhances the vendors´ distribution channels and improves their market reach. Thus, mergers and acquisitions will help the companies in this market remain competitive while consolidating their position at the same time.

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