Cable Lugs Market: Global Industry Analysis and Forecast (2023-2029)
Large-scale infrastructure development plans, increased investments in power generating projects, energy infrastructure revamp in mature economies, and technological improvements in cabling applications are all key factors in the cable lugs market. According to ETEnergyworld.com, the United States growth is expected to be driven in part by a short-term extension of a production tax credit for wind projects and plans to invest USD 57 billion by 2030 to develop up to 30 gigawatts (GW) of offshore wind.