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The lines and cables industry is primarily driven by subsequent rise in infrastructure and developmental activities resulting to growing electricity demand. Over the past decade global electricity production and consumption has increased significantly which in turn has also impacted the power and control cable demand. Globally the market has been dominated by the U.S., China, and India. Moreover, the industry is organized in nature due to presence of limited number of players controlling the competition.
Industry participants in the current regime have witnessed steep proliferation subject to the growing concerns associated with electrical supply faults, fire, health, and other operational hazards. Lack of effective electric infrastructure across developing economies along with an inclination toward the enhancement of existing networks across developed economies has instituted a favorable business scenario. In addition, advancing product portfolios coupled with the leading industry participants undertaking mergers & acquisitions as a key strategic implication will further augment the industry landscape.
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